Prediction markets posted $25.7 billion in notional volume in March, with most activity concentrated on Polymarket and Kalshi. March also saw about 207 million transactions, led by Polymarket's 115 million and Kalshi's 88 million, while combined open interest stood near $939.86 million at the time of writing.

A US appeals court panel ruled 2-1 that New Jersey gaming regulators cannot proceed with an enforcement action against prediction market platform Kalshi over sports event contracts. The judges said Kalshi showed a “reasonable chance of success” that the Commodity Exchange Act preempts state law and that the CFTC has exclusive jurisdiction over the contracts.

Santiment data shows Tether (USDT) wallets on Ethereum declined by 72,841 addresses over 48 hours, a 0.54% drop. The article argues such contractions are uncommon and may reflect reduced participation from smaller investors, while Bitcoin trades near $69,600 amid what some analysts describe as a rare “bottom discovery range.”

Sygnum Bank CIO Fabian Dori said shifting Iran-related war odds on Polymarket and Kalshi are increasingly used by professional crypto desks as real-time gauges of geopolitical risk. He pointed to odds moving alongside President Donald Trump's Sunday messages about threats and possible talks, followed by Bitcoin rising more than 3.5% on Monday. Dori added that institutional adoption and larger flows are bringing both mainstream integration and new integrity questions.

The crypto market flipped broadly positive, with total capitalization rising from $2.27 trillion to $2.37 trillion in the past 24 hours, a $100 billion increase. Bitcoin traded around $69,090 (+3.32%) while Ethereum climbed to about $2,134 (+4.75%), alongside gains in XRP and BNB. A wave of liquidations—$273.8 million over 24 hours—skewed toward shorts and helped fuel the rebound.

Navigate a high-stakes week of inflation data and central bank transparency with our breakdown of the top 5 market triggers. From the Federal Reserve’s March minutes to a massive $281M token unlock for Rain Protocol, discover how these events will shape the trajectory of Bitcoin, the U.S. Dollar, and high-beta altcoins amid persistent Middle East energy risks.

Crypto prices were higher on Monday after a quiet stretch, with Bitcoin near $69,137 (+3% in 24 hours), Ethereum around $2,131 (nearly +4%), and XRP close to $1.33 (about +2%). The move followed reports of U.S.-Iran discussions around a 45-day ceasefire framework, alongside signs of continued institutional demand and a week of upcoming macro catalysts.

Crypto prices rose as US President Donald Trump issued mixed messages on Iran and the Strait of Hormuz, including a new deadline he suggested runs until Tuesday. Total crypto market capitalization increased about $70 billion to $2.44 trillion, while Bitcoin briefly reached $69,500 on Coinbase. The move triggered roughly $255 million in liquidations over 24 hours, with 73% tied to short positions.