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- U.S. Senate delays crypto bill passage due to 36-day government shutdown furloughing key SEC/CFTC staff. - Bipartisan draft aims to clarify digital asset regulation and DeFi oversight amid partisan debates over consumer protections vs. innovation. - Shutdown limits technical expertise for bill development, with unresolved agency jurisdiction issues likely in December drafts. - Passage expected by early 2025 would establish U.S. leadership in crypto regulation while balancing oversight and industry growth.
- Columbia researchers found 25% of Polymarket's trading volume is artificially inflated via wash trading, peaking at 60% in December 2024. - The study attributes this to Polymarket's fee-free model and pseudonymous wallets enabling linked accounts to manipulate volume metrics. - Sports markets showed 45% artificial activity, raising concerns about prediction markets' reliability as public sentiment indicators. - Polymarket's planned U.S. re-entry under CFTC regulation faces scrutiny amid claims that 48% o
- Zcash (ZEC) surged to a $586 seven-year high, driven by institutional interest and 30.41% shielded pool adoption. - $18.8M in ZEC perpetual futures liquidations highlight market volatility, with a $14.5M short loss on Hyperliquid. - Derivatives data shows $713M open interest and $30.27M long liquidation risks, signaling fragile bullish momentum. - Analysts warn of potential correction below $450 despite strong privacy-driven adoption and spot wallet inflows.
- Bitcoin fluctuates near $100K as price drops 2.7% in 24 hours, with 14% decline from its $126K all-time high. - Derivatives data shows 62.6% higher trading volume but falling open interest, signaling short-term uncertainty and position closures. - Binance's CVD indicator drops to 0.777 from 0.91, suggesting waning demand from large traders despite stable BTC prices. - Technical indicators highlight $106K support and $111K resistance, with risks of stagnation if CVD falls below 0.70. - Institutional deman
- U.S. Supreme Court will decide if Trump's 50% "Liberation Day" tariffs violate constitutional limits on executive power. - Legal challenge argues IEEPA doesn't authorize unbounded tariffs, with lower courts ruling against the 2019-2021 measures. - Economists estimate tariffs cost households $1,800/year while generating $223B revenue for Treasury. - Ruling could redefine presidential trade authority, either limiting future unilateral actions or expanding executive power precedents.
