Polymarket users referred to prosecutors in South Korea: Report

South Korean police have reportedly referred 18 Polymarket users to prosecutors in an illegal gambling investigation involving 26 people who collectively wagered about 17.6 billion won (worth $12.7 million).  According to Asia Economy, data submitted by the National Police Agency to the office of Democratic Party lawmaker Yoon Kun-young showed that the Gangwon Provincial Police Agency had placed 26 people under investigation as of Tuesday and sent 18 of them to prosecutors. The report said the largest amount wagered by a single user was about 5.7 billion won ($4.1 million).  Police identified users by analyzing publicly available blockchain transactions, the report said. Polymarket lets users buy and sell contracts tied to the outcomes of real-world events and operates on a noncustodial, peer-to-peer structure with automated settlement. It does not maintain a conventional list of users by their real names, the report said.  Authorities reportedly said Polymarket transactions constitute illegal gambling under South Koreas Criminal Act because users stake assets on outcomes that cannot be predicted with certainty. The users argued that Polymarket should instead be treated as a crypto-based derivatives investment market, according to the report.  South Korea moves against Polymarket  In June, Gangwon police launched South Koreas first illegal gambling probe into local Polymarket

09-18انڈسٹری

U.S. economic outlook: Economic resilience raises the rate floor

Key ThemesGrowth still appears to be solid.We expect real GDP to expand at a 3.0% annualized rate in Q3, largely reflecting robust consumer and business spending. Though a modest downgrade compared to our previous forecast, our pared-back expectation is mostly a net exports story.AI investment continues to propel strong rates of business investment, even after accounting for imports.We recognize that AI-spend must eventually slow. As investment matures, sustaining spending at elevated levels will provide a smaller incremental boost to growth than it has in recent quarters. That said, we do not anticipate outright declines, especially as capex broadens.Inflation ismoving in the right direction, but not as quickly as the Fed would like.We expect a Q4-over-Q4 inflation rate of 3.2% with new methodological changes incorporated. But putting aside energy prices and a few idiosyncratic quirks, the trend in inflation is largely favorable. Tariff effects are fading, shelter inflation is cooling and budding price pressures are contained to a few categories related to the AI buildout.The labor market is neither hot nor cold.Augusts solid employment report served to further reduce labor market downside risk. We always caution against placing too much emphasis on just one print. However, the unemployment rate remains low,

09-18انڈسٹری

CFTC Opens Door for Crypto Apps to Offer Regulated Derivatives Access

In briefThe CFTC issued a no-action letter for passive software providers.The letter covers software that gives users access to event contracts, perpetual contracts, and other regulated derivatives.The position extends earlier Phantom relief to other providers that meet the agencys conditions.  Crypto apps that want to offer access to regulated derivatives markets got new guidance Thursday from the Commodity Futures Trading Commission.  In the no-action letter, the agencys Market Participants Division said passive software providers can avoid registering as introducing brokers if they limit their role to front-end software and meet a list of conditions.  Myriad: Where does Solana go next? Click to make your prediction.  That could matter for wallet developers and trading apps because broker registration can bring significant compliance requirements. The CFTC letter gives them a path to connect users to registered derivatives markets without acting as the intermediary handling the trade.  “The Division believes that a no-action position for all [passive software providers] on substantially the same terms as that provided to the software developer in Letter 26-09 is warranted,” the CFTC letter said.  The letter covers software that lets users view market data, product offerings, and position information, and submit orders for CFTC-regulated derivatives, including event contracts and perpetual contracts, directly to

09-18انڈسٹری

Silver Price Forecast: Bulls threaten bearish setup after Fed hike

Silver (XAG/USD) surges to five-day highs above $66.00 on Thursday as traders digest the Federal Reserve (Fed) rate hike on Wednesday. Meanwhile, a drop in US Treasury yields is undermining the Greenback, which clings to early gains but has barely changed. At the time of writing, XAG/USD trades at $65.41, up over 3.90%.  XAG/USD Price Forecast: Technical outlook  Even though the ‘head-and-shoulders’ chart pattern remains in play, a potential breakout of the neckline can negate the bearish formation. The Relative Strength Index (RSI) shows bullish momentum is building, with the RSI clearing its 50-neutral level and trending higher.  With that said, the first resistance for XAG/USD is the 100-day Simple Moving Average (SMA) at $66.56. A breach of the latter will expose the $67.00 mark as the white metal embarks on a journey to reclaim $70.00. Above these levels sits the 200-day SMA at $73.16.  On the other hand, if Silver dives below the ‘head and shoulders’ neckline, it can clear the way for a potential resumption of the downtrend. The first line of defense is the 50-day SMA at $62.86, ahead of the March 23 swing low at $61.01, ahead of the $60.00 mark. Below the next support is the ‘head-and-shoulders’ measured objective

09-18انڈسٹری

XRP falls below $1.30 as investor questions $81B value

XRP has fallen below the key $1.30 level after losing 7.3% on Tuesday, while Dubai-based crypto investor Royal Kane has ruled out buying the token because of its $81 billion market value.  Royal Kane, a Dubai-based crypto investor, wrote on X that he would not invest in XRP at its present valuation, pointing to the tokens market capitalization as the main reason for his position.  “I would never invest in Ripple at this stage because its market cap is already too large,” Kane said.  Market data included in the source report placed XRP near $1.30, with a market capitalization of about $81.68 billion and 24-hour trading volume of $4.12 billion. The token was also down 29.18% since the start of 2026.  Kane argued that assets with lower valuations may offer more room to benefit from a strong investment story. He cited Solana‘s earlier “Ethereum killer” label, the community growth surrounding Pepe, and Zcash’s adoption case as examples of narratives that attracted traders.  Rather than presenting a price target for XRP, he told investors to “find a coin with a compelling narrative for the coming years.”  XRP price has dropped 23% from its recent peak  Selling pressure has erased much of XRPs latest rebound, pulling its price from

09-18انڈسٹری

Australian and New Zealand Dollars dig in ahead of a Japanese rate hike

The Australian Dollar (AUD) trades near 111.00 against the Japanese Yen (JPY) and the New Zealand Dollar (NZD) near 89.50 on Thursday, both a little higher and both a long way below where they were in August. The Bank of Japan (BoJ) is expected to raise its rate to 1.25% on Friday, and that decision is supposed to be the thing that breaks the trade that borrows Yen cheaply to buy currencies paying more. The funds that publish their positions were out of it more than a week ago.  What the trade pays after Friday  The mechanics are plain. Borrow Yen at 1%, buy Australian Dollars earning 4.35% or New Zealand Dollars earning 2.75%, and keep the difference for as long as the exchange rate does not move against you. After Friday, Australian Dollars earn 3.10% more than the Yen costs to borrow and New Zealand Dollars earn 1.50% more, before anyone counts hedging or the spread.  At 89.42, that 1.50% comes to about one and a third Yen a year. NZD/JPY has fallen more than six Yen since its August high near 95.00, which is more than four years of the rate difference gone inside a month. AUD/JPY earns about three and

09-18انڈسٹری

Ethereum Price Targets $2,570 as ETH Reclaims Key Trendline

Heres what the ETH charts show now as Ethereum price trades near $2,475 with analysts flagging $2,510 resistance, and the $2,570 breakout level.  Ethereum has lately recovered and is trading near $2,460 and $2,480 as of this writing. Market expert Ali Charts said ETH remains inside a 4-hour price channel despite recent volatility.  The analyst identified $2,570 as the upper boundary and key level to watch. Analyst Cryptorphic separately pointed to the $2,460 trendline as the immediate test for Ethereum price.  Ethereum Price Tests Broken Trendline  Cryptorphic said Ethereum bounced from the $2,365-$2,380 support zone after the recent decline. ETH then moved back toward the broken rising trendline around $2,460.  The analyst said a reclaim of that trendline could bring the $2,520-$2,530 resistance zone into focus. That area has acted as repeated resistance on his 3-hour chart.  $ETH is bouncing from the key $2,365–$2,380 support zone after the recent drop.  Price is now testing the broken rising trendline around $2,460. Reclaiming it could bring another move toward the $2,520–$2,530 resistance, while rejection here may send ETH back toward support.  For…  A rejection around $2,460 could instead send ETH back toward the $2,365-$2,380 support area. Cryptorphic said the reaction around the broken trendline remains the key near-term signal.  The chart also

09-18انڈسٹری

CLARITY Act setback may delay US crypto launches: Experts

The Senates 50-49 failure to advance the CLARITY Act has left crypto firms without a federal market structure framework and could delay product launches, funding decisions, and commercial agreements, according to three industry experts.  CLARITY Act failure leaves jurisdiction questions open  Kyle Bligen, executive director at the Decentralization Research Center, told crypto.news that the Senate result was disappointing but did not remove the need for lasting digital asset rules.  “Congress remains the best route to a comprehensive market structure framework,” Bligen said.  In the absence of federal legislation, Bligen called on the Securities and Exchange Commission and Commodity Futures Trading Commission to use their current powers to give the industry clearer guidance. He cautioned, however, against applying rules built for conventional financial middlemen directly to decentralized systems.  The policy task, according to Bligen, is to protect consumers and counter illegal activity without placing duties on developers or other participants who lack the control needed to carry them out.  “That work cannot stop because the legislative process has stalled,” he said.  The 50-49 Senate vote fell 10 votes short of the 60 required to invoke cloture and begin formal debate on H.R. 3633. Cloture would not have passed the bill into law; it would only have allowed the

09-18انڈسٹری

Crude Oil sells off and takes it all back on Saudi cargoes through Oman

Crude Oil trades near $97.50, which is where it opened on Thursday, after a drop to $94.50 and a full recovery. Saudi Arabia is offering Asian refiners extra cargoes handed over outside the Strait of Hormuz, and the price treated that as more oil. The five daily closes before this one all landed between $96.50 and $101.00, which is a market that keeps buying and selling the same story.  The cargoes still cross the strait  A ship-to-ship transfer is a hand-off, not a route. Shuttle tankers load Saudi crude at the Gulf terminals, carry it through the Strait of Hormuz, and pass it to the buyer‘s vessel waiting off Sohar in Oman. What moves is the risk. The Asian refiner’s supertanker stays out of the Gulf and a smaller ship makes the transit in its place, and the oil takes the trip it always took.  The volumes say the same thing. Transfers in the Gulf of Oman are running near 2.7 million barrels a day against 1.5 million in August, which is more cargo through the same chokepoint rather than cargo going around it. That chokepoint carried nearly 20 million barrels a day of crude and products in 2025, about a quarter of

09-18انڈسٹری

Solana's Historic Governance Vote — While Robinhood Invades Its Meme Coin Turf

???? Listen to Interview  ???? Watch Video  How JitoSOL Swung Solanas Governance Vote  Jito Foundations head of governance says a liquid-staking override mechanism decided Solanas closest on-chain vote, as validators confront an 87% revenue decline and rising competition from Robinhood Chain.  Solana‘s proposal to double the network’s disinflation rate passed by 0.334 percentage points above the two-thirds threshold it needed, and it would have failed without a mechanism that let holders of Jitos liquid staking token vote independently of the validators holding their stake, according to Nick Almond, head of governance at the Jito Foundation.  Discover more  Business Operations  Finance  News  “We got 13% of the TVL in the end and the whole JitoSOL stake pool voted during the actual on-chain vote,” Almond said in an interview on The Defiant Podcast, describing roughly 10 million SOL, then worth close to $1 billion, that Jito directed toward the proposal known as SGP-0002.  The vote was one of three that closed on August 28, in the first binding governance referendum Solana validators have held since the network‘s constitution went live earlier that month. Solana Validators Approve Doubling Disinflation in First Governance Vote, With Kraken Reversing Late SGP-0002 doubles the rate at which Solana’s annual issuance shrinks, moving the network‘s terminal inflation rate

09-18انڈسٹری
1
...
152154
...
1000