Business – Page 166 – PK Press Club

CFTC Chairman Mike Selig argues for agency’s ‘exclusive regulatory authority’ in fight against prediction markets: State of Crypto

Commodity Futures Trading Commission Chairman Mike Selig told CoinDesk that the agency will continue to defend its “exclusive regulatory authority” to oversee prediction markets in court. “It doesn’t matter if it’s sports or politics or anything else, if it’s a validly offered product within a CFTC-regulated exchange, then we regulate that,” Selig said. You’re reading […]

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DeFi’s disruption is a stress test, not a death sentence

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DeFi protocol ZeroLend’s decision to shut down after three years in February, citing low margins, hacks and inactive chains, struck a tone that the market now recognizes. Another reminder that the industry’s initial optimism has given way to a much more demanding reality. Zeroland is not alone. Several DeFi protocols and adjacent crypto platforms were

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Tether-Linked Super PAC Makes First Ad Buy From Company Founded by Tether’s U.S. CEO

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The crypto industry’s new political action committee, Fellowship, disclosed its first contribution ahead of the 2026 congressional midterm elections, and the $300,000 spent went to a company co-founded by President Donald Trump’s former crypto advisor Bo Hines, now chief executive of Tether US. The Fellowship super PAC had billed itself as a crypto campaign finance

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BTC adds to weekend losses following Trump blockade order

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Crypto prices are under renewed pressure on Sunday morning in the United States after President Trump announced a blockade of the Strait of Hormuz. “Effective immediately, the United States Navy… will begin the process of blockading all vessels attempting to enter or exit the Strait of Hormuz,” the president said in a message on social

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Fidelity Investments strategist believes markets are resilient despite geopolitical turmoil

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Jurrien Timmer, director of global macro at Fidelity Investments, calls the current market environment a “new rat race,” where each week seems to have stranger headlines than the last. Yet despite the volatility, his main message is that the situation is not as dire as it might appear, and he remains relatively constructive on the

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Oil jumps 7% after Trump orders naval blockade of Hormuz; Bitcoin (BTC) extends its losses

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Oil futures surged on Hyperliquid after President Donald Trump ordered a naval blockade of the Strait of Hormuz, a major global supply chokepoint. The move comes after Iran refused to give up its nuclear ambitions during peace talks in Islamabad earlier today. Perpetual futures contracts tied to WTI crude oil jumped to $96.40, up 7%

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The case for bringing Wall Street’s darkest corners into crypto

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The biggest traders have a problem: how to keep their activity discreet enough so as not to influence market prices or reveal long-term strategies. In traditional markets like stocks, they have had this capability for decades through so-called dark pools and off-exchange platforms. As of January 2025, more than half of all U.S. stock trading

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Here’s how much bitcoin (BTC) can rise as ETFs, Coinbase premium, and macroeconomic conditions become more favorable.

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Bitcoin BTC$71,105.96 traded lower on Sunday as geopolitical risks resurfaced after US Vice President JD Vance said peace talks involving Iran held in Pakistan had failed. But beyond the macro noise, crypto-specific factors continued to point to a potential move toward $88,000 and above, although outcomes remain dependent on evolving broader risk conditions. Bullish flows

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Tron’s Justin Sun Slams Trump-Backed WLFI for Treating Users Like ‘Personal ATMs’ After $75M DeFi Loan

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Trump-linked World Liberty Financial lost a key backer after its $75 million DeFi loan tied up user liquidity, with Justin Sun publicly breaking down and criticizing the project’s treatment of investors. “Any actions taken by the WLFI team to extract fees from users and treat the crypto community like a personal ATM are illegitimate,” Sun

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Iran War, Debanking Push Commodity Traders Towards Stablecoins, Says Haycen CEO

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The ripple effects of geopolitical conflict are reshaping the plumbing of global trade finance, pushing some commodity traders out of the banking system and into the arms of stablecoins. That’s according to Luke Sully, CEO of trade finance-focused stablecoin issuer Haycen, who says the war involving Iran has increased compliance fears among Western banks, triggering

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