The CFTC has asked a federal court to dismiss CME Group's lawsuit challenging the agency's approval of Kalshi's Bitcoin perpetual futures contract, calling the suit "frivolous." The dispute centers on whether Kalshi's perpetual futures should be classified as futures or swaps, a distinction that affects regulatory requirements. Kalshi's contract was approved quickly through self-certification, and the CFTC views this as part of its effort to regulate crypto derivatives in the US. The case remains unresolved, with significant implications for the crypto derivatives market and regulatory oversight.
The General Counsel of Figma has sold 211,599 shares, generating $6.3 million in proceeds. This significant insider sale could indicate personal financial planning or a shift in confidence, which investors might watch closely. The impact on Figma's s...
Binance Alpha added two new tokens, PONS and FLORK, on September 2, both experiencing significant price increases on their first day of trading. PONS, the native token of the Pons launchpad on Robinhood Chain, surged over 21%, reaching a market cap o...
Fidelity Digital Assets warns that future quantum computers could break Bitcoin's current cryptographic protections by deriving private keys from public keys, putting funds at risk. They highlight a proposed hash-based signature system called SHRINCS...
GoPro shareholders will receive $1.14 per share in a $285 million acquisition by Starman Optical. Ademi LLP is investigating whether this price fairly values GoPro and if the Board properly protected shareholders during negotiations. The investigatio...
South Korea's semiconductor exports surged 209% year-on-year to a record $46.65 billion in August, making up 47.5% of the country's total goods exports that month. This growth was largely fueled by increased AI infrastructure spending from major clou...
