1h ago
CFTC June 10 Proposal Labels Sports Event Contracts as "Gaming" While Allowing Most
On June 10, the U.S. Commodity Futures Trading Commission (CFTC) issued a proposed framework that would classify sports event contracts as "gaming" under the Commodity Exchange Act while still permitting most standard markets. The proposal would prohibit five categories—injury-related contracts, officiating outcomes, discrete in-game actions tied to named players, physical altercations, and pre-collegiate sports—and it notes listings grew from about 220 in 2021 to more than 8,000. A 90-day comment period would follow publication, with any final rule described as unlikely before late 2026.
BTC
BTC+3.27%
1h ago
1h ago
October 2025 crypto flash crash: the “Oracle Loop” and $19.3B liquidations on Binance
On October 10 at 21:15 UTC, the crypto market saw $3.21 billion erased in 60 seconds as liquidations totaled about $19 billion that day. The report frames the trigger as an “Oracle Loop” during an October 6–14 transition tied to Binance oracle pricing updates, worsened by ADL pricing based on internal order books and a $60 million USDe spot dump that pushed USDe to $0.6567. Commentators argue the episode shows how autonomous bots and AI-driven trading can amplify cascades across venues in a 24/7 market structure.
ATOM
ATOM+13.93%
1h ago
2h ago
BlackRock seeks at least $5B in SpaceX shares ahead of IPO debut priced at $135
BlackRock (NYSE: BLK), led by Larry Fink, is seeking to purchase at least $5 billion in SpaceX shares ahead of the company's trading debut expected as soon as tomorrow. SpaceX said it sold the full 555,555,555-share IPO at $135 per share for an implied valuation of about $1.77 trillion, while retail orders topped $70 billion and Polymarket traders are pricing in high odds of a $1.8T–$2T market cap.
BTC
BTC+3.27%
2h ago
2h ago
Santiment: Crypto Trading Volumes Hit Two-Year Lows in June 11 X Post
Crypto trading activity across major non-stablecoin assets has slipped to levels last seen in 2024, according to Santiment's June 11 post on X. CoinGecko data shows Bitcoin's 24-hour volume at about $30 billion, down almost 20% day over day, while Ethereum fell 1.40% and BNB dropped 10%. Santiment said the pullback in participation can sometimes precede a relief rally if confidence and inflows return.
BTC
BTC+3.27%
2h ago
2h ago
LG Electronics Partners With Arbitrum to Build Custom Ethereum L2 for Programmatic Ads
LG Electronics is building a proprietary blockchain network with Arbitrum to automate parts of the programmatic advertising market. The system is designed to use an onchain database for ad inventory and verified engagement records, with the aim of reducing fraud across LG Ad Solutions' reach of about 216 million smart TVs worldwide. After a pilot with an unnamed Japanese advertising agency, LG plans a broader commercial evaluation later in 2026.
ARB
ARB+7.90%
2h ago
2h ago
Chainlink holds key support after 98,590 LINK transfer to Coinbase Prime
A U.S. government-linked wallet moved 98,590 LINK (about $768,000) to Coinbase Prime, reviving concerns about possible sell-side distribution even as LINK held support. LINK was trading near $7.78 after bouncing from around $7.34, while Binance positioning stayed long-heavy with a 2.61 long/short ratio and 72.31% of accounts long. Shorts absorbed most liquidation pressure in the latest session, with roughly $57,270 in short liquidations versus about $5,040 for longs.
LINK
LINK+4.42%
2h ago