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Polymarket Moves to List Trading as SEC Seeks Public Opinion on Prediction Market ETFs

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Prediction market provider Polymarket filed an application Wednesday to list sports event contracts in the United States, according to a self-certification filing with the Commodity Futures Trading Commission. Polymarket filed a request on Wednesday to list “combinatorial outcome contracts,” describing these event contracts – the official term for prediction markets – as combining two or […]

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Bitcoin Miners Rise as Nvidia Posts Big Profits and Strong Outlook

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Nvidia (NVDA) posted another blockbuster quarter on Wednesday, as demand for artificial intelligence infrastructure pushed revenue, profits and cash flow to record levels. The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data. Adjusted earnings came in

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Federal Reserve offers limited master accounts long sought by crypto companies

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The U.S. Federal Reserve has taken another step toward limited special payments accounts that would offer a stripped-down version of the main account services the central bank offers its full banks, opening a comment period on the latest description of the new accounts. Companies with diverse business models can use such accounts to clear and

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Elon Musk’s SpaceX holds 18,712 bitcoins with a fair value of $1.29 billion, IPO filing shows

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SpaceX officially confirmed plans to go public on Wednesday, paving the way for what could become the largest IPO in history and potentially push CEO Elon Musk to become the world’s first billionaire. The rocket and satellite internet company filed its S-1 registration statement with the U.S. Securities and Exchange Commission, giving investors their first

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Why Trump’s Bitcoin ETF plans likely collapsed before they even took off

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Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,336.25 exchange-traded funds (ETFs) because the economics no longer worked. ETF analysts say the company behind Truth Social has been faced with a brutal reality: The spot market for Bitcoin ETFs has become crowded, fees have collapsed, and investors already have more than a

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Latest Congressional development on crypto tax reform would force IRS to revisit de minimis exemptions

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A bipartisan group of lawmakers introduced a revised crypto tax bill on Wednesday that aims to update the tax code to better address crypto use cases and which, if signed into law, would direct the IRS to analyze the effect de minimis exemptions could have. Congressmen Steven Horsford (D-N.V.), Max Miller (R-Ohio), Suzan DelBene (D-Wash.),

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