In brief Kalshi permanently banned former Rep. George Santos and fined him $71,356 for manipulating a market tied to his own attendance …
Bet
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Finance
JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction
by shayaanby shayaanThe iShares Bitcoin Trust ETF (IBIT) closed at $44.46 on Aug. 26, about 30.2% below the $63.69 price needed to trigger an …
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Markets
Tron Inc. Expands TRX Treasury To $245M In Nasdaq Corporate Crypto Bet
by shayaanby shayaanNasdaq-listed Tron Inc. has expanded its corporate treasury to 711.2 million TRX, bringing the value of its token holdings to roughly $245 …
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This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) …
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Analysis
Ethena Price Explodes 40% as Arthur Hayes Calls Ethena a 5X Bet — Can ENA Reach $0.20?
by shayaanby shayaanEthena price has exploded 40% as ENA breaks out of months of weakness, putting the token back on traders’ radar. The surge …
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An options trader opened a large straddle on XRP, betting on wild price swings by Aug. 28. www.coindesk.com
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SpaceX is trading below its $135 IPO price. Marathon Digital is down 34% year to date. Coinbase has outperformed both. The math …
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Venture capital firms rarely announce a $10 billion bet in a single breath, but that’s exactly what Sequoia Capital just did. The …
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Markets
A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rally
by shayaanby shayaanCME leveraged funds turn net long as weak futures yields undermine the once-popular basis trade. www.coindesk.com
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Bitcoin miner IREN registered nearly 12 million shares issued in its acquisition of Mirantis for potential resale, creating a block worth about …