The lawsuit, filed Friday, argues that federal law – specifically the Commodity Exchange Act – gives the CFTC sole power to regulate designated contract markets. It seeks to prevent New Mexico from enforcing its gambling laws on these platforms.
Ah, Sky governance, where the numbers are made up and the buffers don’t matter… until they do. The latest proposal from BA Labs, acting as the self-appointed Risk Advisor, suggests doubling the pre-minted DAI buffer and the DC-IAM gap parameter from 400 million to 800 million. Because, as we all know, the best way to handle a stablecoin system is to throw more numbers at it until the problem goes away.
Binance announced on June 12th that it’s ending its offering for shares in SpaceX (an IPO). They said this was because of issues they couldn’t foresee, and everyone who signed up to buy shares with USDC will get their money back.
The recent surge shows how strongly market feelings, Elon Musk’s projects, and risky investments are linked in the world of cryptocurrency.
This little ditty of an article, my dear reader, will unravel the intricacies of the LIGA MX agreement, the wizardry of official data and integrity services, and how these markets stack up against the old guard of sportsbooks and fantasy. Oh, and we’ll toss in a few risks and practical checks for good measure, lest you find yourself in a spot of bother.
Elon Musk’s SpaceX (NASDAQ: SPCX) made a strong Wall Street debut on Friday, with its shares rising as much as 20% in early trading after the company priced its initial public offering at $135 per share. One might have been forgiven for assuming a firm whose primary pastime hitherto has been occasionally blowing very large rockets up on the launch pad would have had the decency to keep its financial affairs private, but no-Mr Musk, ever the tragedian of self-aggrandisement, has seen fit to float his plaything on the public markets, to the audible gasping of every man in a pinstripe suit within a hundred miles of Lower Manhattan.
The new fund trades under the ticker VBNB on Nasdaq, which I’m told stands for “VanEck BNB,” but I prefer to think it stands for “Very Bad News for Anyone Who Still Thinks Crypto Is A Good Idea.” (Kidding! Mostly.) The big selling point here is that regular schmoes like you and me can get exposure to BNB through our standard brokerage accounts, no need to download a sketchy app that requires you to upload a photo of your driver’s license and the first three digits of your social security number just to buy $20 worth of a token that might be worthless by the time you finish reading this sentence.
Glassnode and Capriole Investments, those vigilant sentinels of on-chain data, whisper that this plight is not merely cyclical but structural. Like lemmings fleeing a sinking ship, public miners are liquidating their bitcoin reserves to fund a grand migration into the promised land of AI computing. How quaint-trading one illusion of value for another.
Earlier this week, Shiba Inu took a nosedive for two straight days, presumably because someone whispered “interest rates” in its furry ear. Crypto and gold, those star-crossed lovers, also took a tumble, leaving us all to wonder if we should start hoarding canned beans instead of digital tokens.
RAIN, the plucky little token, is hanging about 11% below its peak, while CC is playing it cool, lounging 16% under its February high. VELVET, the bounder, is already in price discovery, setting records like it’s going out of fashion.
