Abracadabra takes emergency action as MIM stablecoin depeg worsens
The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.
CryptoBriefDesk
MiCA Deadline Hits July 1 as Unlicensed Crypto Platforms Face EU Shutdown Risk
Crypto firms serving clients across the European Economic Area face shutdown risk if they fail to secure authorization under the Markets in Crypto-Assets Regulation (MiCA) before enforcement begins. Regulators have ruled out extensions, leaving more than 1,200 previously registered firms…
Kalshi seeks funding at $40B valuation, nearly doubling last raise: FT
Kalshi is reportedly in talks to raise new capital at a $40 billion valuation, reflecting growing investor confidence in regulated prediction markets.
Robert Kiyosaki Calls Gold Price Drop ‘Great News,’ Plans to Buy More
Gold’s recent pullback has strengthened Robert Kiyosaki’s wait-for-confirmation approach, with the investor monitoring technical charts before making new purchases. Peter Schiff, meanwhile, argued that gold’s drop reflects market expectations about interest rates that may not be enough to contain inflation.…
StarkWare introduces ‘Private KYC’ to address personal data breaches
“Identity checks today ask for your whole document when they only need one fact,” Starknet said.
Crypto PAC’s $5.5 million Congress pick gets Maryland win, more crypto allies advance
The Fairshake super PAC supported Adrian Boafo in Maryland, plus other candidates in Maryland, New York and Utah as each ran its primary elections.
CFTC sues Kentucky after state’s prediction market lawsuits
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.
Cboe Launches Prediction Markets With Yes-or-No S&P 500 Index Contracts
Cboe launches prediction markets-style binary options tied to the Mini-S&P 500 Index, scaled to one-tenth the S&P 500 benchmark, allowing traders to take yes-or-no positions through broker platforms including Interactive Brokers, with fixed $100 or $0 payouts at settlement. Binary…
Crypto’s Liquidity Outlook Darkens as Fed Hawkish Pivot Pushes Hike Odds to 77%
Crypto markets faced tighter liquidity conditions after the Federal Reserve held rates steady and signaled stronger inflation concerns. Wintermute said tighter policy could reduce the flow of liquidity entering crypto through ETFs, stablecoins, and DATs, while Fed projections showed the…
Trump Executive Order Sets Deadlines for Federal Shift to Quantum-Resistant Encryption
Federal agencies must transition high-value and high-impact systems to post-quantum cryptography by 2031 under Trump’s executive order. The directive requires migration leads, procurement updates, and coordination with critical infrastructure to address quantum risks. Agencies Face 2030 and 2031 Deadlines for…