Business

DraftKings enters prediction markets with CFTC-approved app for real-world events

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DraftKings has unveiled a new standalone app for real money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event-driven contracts. The product, called DraftKings Predictions, allows users to trade on the outcomes of real-world events, starting with sports and finance, the company announced Friday. […]

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Crypto’s Closest Ally in Congress, Senator Lummis, to Retire Next Year

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U.S. Senator Cynthia Lummis, arguably the crypto industry’s closest friend in Congress, will not seek another term, she said in a statement Friday. The first-term lawmaker will resign after her six-year term ends in January 2027, leaving an open Republican seat in extremely red Wyoming but also removing a major ally of the digital assets

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Citi defends crypto stocks despite market slowdown, with CRCL, BLSH and COIN as top picks

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Wall Street bank Citigroup has updated its coverage of digital asset stocks to reflect crypto’s recent widespread declines, but remains constructive on the sector. “Despite recent token volatility, we remain bullish on digital asset stocks,” analysts led by Peter Christiansen wrote in a report released Friday. Issuer of the USDC stablecoin, Circle Financial (CRCL) remains

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Polkadot DOT remains stable with token unchanged over 24 hours

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POINT$1.7793 remained unchanged over the past 24 hours, with the token trading at $1.85. The token’s trading volume was 55% higher than the 30-day average as smart money flows into DOT accelerated during the session, according to CoinDesk Research’s technical analysis model. DOT has followed broader crypto momentum rather than token-specific catalysts. The broader market

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The foundation behind the takeover protocol, EigenLayer, plans bigger rewards for active users

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The basis of the takeover protocol, EigenLayer, proposed a governance change to introduce new incentives for the EIGEN token, focusing on productive network activity and fee generation. As part of the plan outlined in a recent blog post, the cornerstone of the proposal is the introduction of a fee model that channels revenue from Actively

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SBF cohorts at FTX suffer latest SEC blow, Ellison banned from any position at company for ten years

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Three of the former executives of FTX and its subsidiaries have agreed to final sanctions from the U.S. Securities and Exchange Commission as the agency resolves its enforcement cases related to the stock market collapse, the SEC said in a litigation notice Friday. As former CEO Sam Bankman-Fried continues his federal prison sentence for his

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