CFTC pulls Wisconsin into fight over prediction market jurisdiction

The US Commodity Futures Trading Commission on Tuesday sued the state of Wisconsin in the agencys latest effort to assert jurisdiction over prediction markets after the state sued multiple platforms.  The CFTC said in a statement that it filed the lawsuit against Wisconsin “in response to the states lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, five CFTC-regulated prediction markets.”  “States cannot circumvent the clear directive of Congress,” CFTC Chairman Michael Selig said. “Our message to Wisconsin is the same as to New York, Arizona, and others: if you interfere with the operation of federal law in regulating financial markets, we will sue you.”  It is the agencys fifth lawsuit against a US state that seeks to halt action against prediction markets. The CFTC sued New York on Friday and filed lawsuits against Arizona, Connecticut, and Illinois earlier this month after the states sued prediction market platforms.  Michael Selig speaking on stage at Bitcoin 2026 in Las Vegas on Monday. Source: YouTube  Wisconsin sued the five companies on Thursday, and like many US state authorities, argued that prediction markets offering sports-related event contracts are illegal betting that requires state gaming licenses.  It is an assertion the platforms and the CFTC have rebuffed in the past, arguing

04-29

Bitcoin, ETH, XRP Brace for Big Moves amid Stalled US-Iran Peace Talks, Fed Rate Decision

Bitcoin Ethereum  Bitcoin, ETH, XRP Brace for Big Moves amid Stalled US-Iran Peace Talks, Fed Rate Decision  Cryptocurrency market on edge as stalled US-Iran peace talks fuel geopolitical uncertainty ahead of the US Fed rate decision. Bitcoin (BTC), Ethereum (ETH), and XRP are witnessing increased volatility, with traders anticipating sharp moves in either direction after Jerome Powells press conference.  Crypto Fear & Greed Index slipped from 33 to 26 (fear) amid uncertainty in the crypto market. Altcoins such as Solana (SOL), BNB, Dogecoin (DOGE), Hyperliquid (HYPE) and Cardano (ADA), among others, are also wavering amid outflows from spot ETFs and massive crypto liquidations.  Bitcoin, ETH, XRP Traders Brace for Geopolitical Risks as US-Iran Talks Stall  The US-Iran peace talks stalled, with no signs of the war ending as it approaches the two-month mark. Meanwhile, President Donald Trump is dissatisfied with Irans latest peace proposal to end the war and reopen the Strait of Hormuz, but delay the nuclear deal.  With President Trump skeptical over accepting Irans proposal, oil prices surged above $99 per barrel on Wednesday. Bitcoin, ETH, and XRP also saw declines. Moreover, it has prompted the UAE to announce its exit from OPEC for greater flexibility in adapting to shifting market conditions.  President Trump has

04-29

TRX Price Prediction: Relief Rally to $0.35 Before $0.28 Breakdown

Current Market Position  TRON trades at $0.32 in a consolidation phase that masks underlying weakness. The MACD histogram sits at zero with converging signal lines, indicating momentum has completely flatlined after multiple rejections at the $0.33 resistance level. RSI readings around 52 show neither bulls nor bears have established control, but derivatives data reveals where smart money is positioning.  The negative funding rate of -0.0146% demonstrates shorts are confident enough to pay longs for holding positions. This metric, combined with daily volume of just $24 million, suggests institutional interest remains minimal while retail traders remain trapped in sideways action.  Technical Structure Analysis  Price action has created a narrow range between $0.32 support and $0.33 resistance, with the 7-day moving average acting as dynamic resistance. The Bollinger Bands show a squeeze pattern with TRX hugging the lower band, typically preceding volatile moves. Each attempt to reclaim $0.33 has been met with immediate selling pressure, creating a clear rejection zone.  The 200-day moving average sits at $0.30, representing the next major support level if current consolidation breaks down. With TRX trading 6.7% above this long-term average, there remains significant downside potential before reaching oversold conditions that might attract institutional buying.  Derivative Signals Point Lower  Top traders maintain a 53.4%

04-29

Ukrainian drone attack ignites Tuapse oil refinery, escalating energy strikes

Tech  Ukrainian drone attack ignites Tuapse oil refinery, escalating energy strikes  A Ukrainian drone attack has again set ablaze the Tuapse oil refinery, continuing Kyivs campaign against Russian energy infrastructure. The odds of a Russia-Ukraine ceasefire by April 30 sit at 0% YES, unchanged from 24 hours ago.  Market reaction  The April 30 ceasefire market is stuck at 0%, while the May 31 market sits at 4% YES, down from 4% a day ago. The term structure shows a 3-point increase over 31 days, pointing to a slow timeline for any resolution.  Total USDC traded in the ceasefire markets is $2,461 over the past 24 hours, with $865 required to move the April 30 odds by 5 points. This thin liquidity means even small trades can cause large price swings, though no major moves have followed the latest attack. The largest recent spike was a 50-point jump at 11:40 AM, which quickly reverted to baseline.  Why it matters  Repeated strikes on Tuapse, one of Russia‘s major refining facilities, represent an escalation in Ukraine’s targeting of energy infrastructure. This pattern of attacks is hard to square with any near-term ceasefire, and the market pricing reflects that disconnect between battlefield activity and diplomatic timelines.  What to watch  Official statements from the

04-29

TRX Price Prediction: Relief Rally to $0.35 Before $0.28 Breakdown

Current Market Position  TRON trades at $0.32 in a consolidation phase that masks underlying weakness. The MACD histogram sits at zero with converging signal lines, indicating momentum has completely flatlined after multiple rejections at the $0.33 resistance level. RSI readings around 52 show neither bulls nor bears have established control, but derivatives data reveals where smart money is positioning.  The negative funding rate of -0.0146% demonstrates shorts are confident enough to pay longs for holding positions. This metric, combined with daily volume of just $24 million, suggests institutional interest remains minimal while retail traders remain trapped in sideways action.  Technical Structure Analysis  Price action has created a narrow range between $0.32 support and $0.33 resistance, with the 7-day moving average acting as dynamic resistance. The Bollinger Bands show a squeeze pattern with TRX hugging the lower band, typically preceding volatile moves. Each attempt to reclaim $0.33 has been met with immediate selling pressure, creating a clear rejection zone.  The 200-day moving average sits at $0.30, representing the next major support level if current consolidation breaks down. With TRX trading 6.7% above this long-term average, there remains significant downside potential before reaching oversold conditions that might attract institutional buying.  Derivative Signals Point Lower  Top traders maintain a 53.4%

04-29

Why the U.S. Crypto Clarity Act Is Stalling in Congress? Dennis Porter Explains

The post Why the U.S. Crypto Clarity Act Is Stalling in Congress? Dennis Porter Explains appeared first on Coinpedia Fintech News  WASHINGTON, D.C. – U.S. crypto legislation known as the Clarity Act has a “50-50 shot” of passing Congress as lawmakers negotiate disputes over ethics rules, crypto rewards, and regulatory oversight ahead of the 2026 midterm elections, according to Satoshi Action Fund CEO Dennis Porter.  The bill, aimed at creating clearer rules for digital assets in the United States, is considered one of the crypto industrys top policy priorities.  “In my opinion, we still have a chance to pass clarity. I would put it at about a 50-50 shot,” Porter said.  Why the Clarity Act Is Being Delayed  In an interview, Porter said the clarity act is currently stalled by disagreements tied to ethics provisions, BRCA-related language, crypto yield products, and concerns among Democrats about vacancies at the Commodity Futures Trading Commission (CFTC).  “The big thing that‘s holding this up right now are certain concerns around ethics, certain concerns around the BRCA language,” Porter said. “We’re also seeing concerns from Democrats about their seats being filled on the CFTC.”  He said negotiations are largely happening behind closed doors and suggested lawmakers are likely to reach compromises rather

04-29

Indian Rupee extends its decline as oil prices rise further

USD/INR trades higher at around 94.75 in the opening session on Wednesday. The pair holds a bullish near-term bias as spot remains above the 20-day exponential moving average (EMA) at roughly 93.66, keeping the recent advance supported.  The Relative Strength Index (RSI) around 63 suggests firm but not yet overbought upside momentum, reinforcing the constructive tone while leaving room for additional gains.  On the downside, immediate support is seen at the 20-day EMA near 93.66. As long as USD/INR defends this moving average, dips are likely to attract buying interest, and the broader uptrend is expected to stay intact. Looking up, the spot is expected to revisit the all-time high slightly above 95.00.

04-29

Block Unveils Proof-of-Reserves for Bitcoin Holdings and Products

Bitcoin  Block Unveils Proof-of-Reserves for Bitcoin Holdings and ProductsAnyone may verify Blocks holdings independently using on-chain signatures, according to Block.Even though they are the largest corporation in the world holding Bitcoin, Strategy has yet to provide a proof-of-reserve.  Coincident with the increasing number of cryptocurrency firms demonstrating their holdings onchain, online payment provider Block has introduced proof-of-reserves for its corporate Bitcoin treasury as well as its two main products, Cash App and Square.  After unveiling the proof-of-reserves feature and other new features in Las Vegas on Monday, the Jack Dorsey-led business said in a post on X that users should be able to verify the whereabouts of their bitcoin rather than having to believe that it is there.  Proof-of-Reserves Gained Popularity  Anyone may verify Block‘s holdings independently using on-chain signatures, according to Block. It also clarified that reserves are actively managed, rather than only being observed historically. The goal of the proof-of-reserves is to confirm the 8,883 Bitcoin, which is the fourteenth biggest Bitcoin holding among corporate treasuries, and is valued at $681.4 million, as shown on Block’s balance sheet.  As a measure of transparency to reassure clients that their assets were fully supported, safe, and not susceptible to abuse, proof-of-reserves gained popularity after the collapse

04-29

Judge Kaplan Rejects SBFs FTX Evidence Request

Tech  Judge Kaplan Rejects SBFs FTX Evidence Request  Former FTX CEO Sam Bankman-Fried‘s new motion request, presented with new evidence to prove the company was financially solvent at the time of its bankruptcy, was politely rejected by U.S. District Judge Lewis Kaplan. In an order issued Tuesday in the Southern District of New York court, Kaplan described the evidence as “baseless” and ruled on it himself despite Bankman-Fried’s recusal request. Although the defense tried to convince the court with arguments emphasizing FTXs solvency, the judge found the claims insufficient. Bankman-Fried withdrew this motion last week, stating he could not get a fair hearing from Kaplan. The appeals process is still ongoing.  Judge Kaplan‘s Criticism of ’Wild Conspiracy Theories  In the original motion filed in February, Bankman-Fried accused the Department of Justice of withholding information; he highlighted the testimonies of Ryan Salame and Daniel Chapsky, arguing that both were too afraid to testify. FTX Digital Markets co-CEO Salame pleaded guilty in 2024 and was sentenced to 90 months in prison. Chapsky was referred to as FTXs former head of data science. In response, Kaplan emphasized that Bankman-Fried could have compelled or requested these testimonies but took no steps to do so. The judge dismissed the

04-29

US Spot Bitcoin ETF Inflow Streak Ends Amid Market Pullback

Bitcoin  US Spot Bitcoin ETF Inflow Streak Ends Amid Market PullbackOn Monday, the Crypto Fear & Greed Sentiment Index hit 47, marking its first “Neutral” reading in three months.According to Farside, the Fidelity Wise Origin Bitcoin Fund (FBTC) was the main culprit on Monday, losing $150 million.  On Monday, when Bitcoin fell below $77,000, exchange-traded funds (ETFs) listed in the United States had their first net outflow in nine sessions.  The first net outflow of $263 million from Bitcoin ETFs since mid-April occurred on Monday, according to statistics from SoSoValue. Spot ETFs received $2.1 billion in inflows since April 13, when Bitcoins price increased by almost 10%, according to CoinGecko. The losses followed this success.  Inflow Streak Ends  On Monday, the Crypto Fear & Greed Sentiment Index hit 47, marking its first “Neutral” reading in three months, coinciding with Bitcoin‘s upswing. On Tuesday, however, the index reverted to “Fear” since Bitcoin’s rise failed to sustain beyond $80,000. According to Farside, the Fidelity Wise Origin Bitcoin Fund (FBTC) was the main culprit on Monday, losing $150 million.  Next came the ARK 21Shares Bitcoin ETF (ARKB) with $43 million and the Grayscale Bitcoin Trust ETF (GBTC) with $47 million. Following streaks of multi-day inflows, the iShares Bitcoin Trust

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