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BTC, ETH, BNB, XRP record double-digit losses as crypto liquidations surpass $2.5B

BTC, ETH, BNB, and XRP prices continued their freefall on Friday, triggering over $2.5 billion in liquidations across leveraged markets. Summary Bitcoin, along with other major cryptocurrencies, fell by double digits as they mirrored weakness in tech stocks. Over $2.6 billion worth of positions have been liquidated across crypto leveraged markets. Market sentiment hit fear…

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Kalshi steps up surveillance amid growing scrutiny of prediction markets

Kalshi, the federally regulated prediction market platform, announced a major expansion of its market surveillance and enforcement framework aimed at preventing insider trading and market manipulation across its platform. Summary Kalshi has expanded its market surveillance framework to prevent insider trading and market manipulation on its regulated prediction markets platform. The company formed an independent…

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Crypto stocks MSTR, COIN, IREN, and MARA slump

Crypto stocks continued their strong downward momentum, erasing billions of dollars, as Bitcoin and other altcoins slumped.  Summary Most crypto stocks are in a strong freefall this year. Coinbase, IREN, MARA, and Strategy have fallen by over 40% from their all-time highs. The decline happened as the crypto market crashed and liquidations rose. IREN, a…

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