Business – Page 51 – PK Press Club

Trump praises prediction markets, defends CFTC as lawsuits worsen

US President Donald Trump said it was “critically important” that the CFTC retain “exclusive authority” over prediction markets, echoing CFTC Chairman Michael Selig in a post on Truth Social, his social media platform, on Tuesday afternoon. “Under my leadership, we are establishing ‘rules of conduct’ that are the benchmark for states,” he said. “We can’t […]

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Bitcoin Demand Gauge Falls to Worst Level Since December as Spot Buys Weaken

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Bitcoin BTC$75,900.59 the rebound faces a demand problem. CryptoQuant’s 30-day apparent demand measure fell to minus 147,000 BTC, its lowest value since December 2025, even as Bitcoin remains in the mid-$70,000s after rebounding from its April low near $65,000. The metric compares the supply of new miners and older coins put back into circulation with

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Spain joins growing list of countries excluding Polymarket and Kalshi

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The Spanish Ministry of Consumer Affairs has opened disciplinary proceedings against the prediction market platforms Polymarket and Kalshi and ordered Internet service providers to block access to these platforms. In notices published in the country’s Official Gazette, Spain’s gambling regulator, the General Directorate of Gambling Regulation (DGOJ), said the companies were offering betting products linked

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Bitcoin Sidelines as Markets Soar on Iran Peace Hopes

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Joel Kruger, market strategist at LMAX Group, said crypto markets remain stuck in a low-volatility holding pattern after weeks of consolidation, leaving the sector vulnerable to an outsized move if sentiment changes. Kruger pointed to compressed trading ranges and lighter market positioning, noting that bitcoin’s average daily range has narrowed to around $1,891, while ether’s

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Joe Lubin’s SharpLink (SBET) Joins Russell 2000, 3000 Indexes

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SharpLink Gaming (SBET), the Ethereum treasury backed by Ethereum co-founder Joe Lubin, is joining the Russell 2000 and Russell 3000 indices later this month, potentially opening the stock to new institutional demand from index funds. The inclusion will take effect after the close of trading on June 29 as part of the annual reconstitution of

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The Clarity Law will not lead to its adoption without cryptocurrency tax reform

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A growing number of people see the Clarity Act, which aims to establish clear and enforceable guardrails for the U.S. crypto industry, as a sign that Washington has firmly closed the door on the “regulation by enforcement” approach seen under the Biden administration to a more structured framework for the crypto industry. And look, on

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UK sanctions Huobi, ruble stablecoin issuer amid crackdown on Russian crypto networks

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The UK has imposed sanctions on a group of cryptocurrency exchanges, payments firms and individuals accused of helping Russia evade Western restrictions and finance its war in Ukraine, including crypto exchange Huobi. The UK Foreign, Commonwealth and Development Office’s sanctions package targets 18 entities and individuals linked to what officials described as “the illegal financial

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Bermuda, the small island nation with huge crypto ambitions

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Craig Swan’s eyes light up and his smile widens as he talks about Bermuda’s ambitions to become the world’s first economy to go entirely chain-based, a move he is certain will create incredible new opportunities for the country’s citizens. In an interview with CoinDesk in London, Swan, CEO of Bermuda’s Money Authority (BMA), spoke about

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Base Launches AI Tool That Enables ChatGPT to Manage Crypto Wallets and DeFi Apps

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Coinbase’s Ethereum Layer 2 network has launched a new tool that allows artificial intelligence agents to interact directly with users’ crypto wallets and decentralized finance applications via plain language prompts, marking another milestone in the convergence of AI and crypto infrastructure. The product, called Base MCP, connects a user’s base account to AI clients such

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Ripple-related blockchain could close its biggest DeFi gap if new proposal passes

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One of the XRP Ledger’s biggest weaknesses as a DeFi site could be on the verge of disappearing. A draft amendment titled “AMM Swapable Curves” was filed in the XRPL standards repository on Tuesday, proposing to expand the network’s existing automated market maker with three types of pluggable curves: Constant Commodity, Concentrated Liquidity, and StableSwap.