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Kalshi, Crypto.com rally industry giants to form prediction markets coalition – Details

In a significant move for the prediction markets industry, Kalshi and Crypto.com have formed the Coalition for Prediction Markets (CPM), uniting major players like Coinbase, Robinhood, and Underdog. The coalition aims to advocate for federal oversight, establish nationwide integrity standards, and counter state-level restrictions that treat prediction markets as gambling. Supporters argue these platforms are valuable forecasting tools, while critics label them as online gambling. The CPM is pushing for regulated growth, emphasizing consumer protection and transparency. A recent court ruling temporarily halting enforcement against Kalshi has bolstered the argument that these are financial markets, not gambling operations.

ambcrypto11m ago

Tokenization benefits ‘light at first,’ but will expand if democratized: NYDIG

NYDIG's Global Head Greg Cipolaro states that while tokenizing real-world assets (RWAs) like stocks offers limited initial benefits to crypto networks, its advantages could grow significantly with greater democratization and integration. Initially, blockchains like Ethereum would gain from transaction fees and network effects. However, broader benefits—such as composability in DeFi for lending, borrowing, or trading—depend on improved technology, infrastructure, and favorable regulations. Tokenized assets vary widely in design and are hosted on both public and private networks, with significant value already on platforms like the Canton Network and Ethereum. Despite relying on traditional financial structures, blockchain offers near-instant settlement and operational efficiency. Cipolaro advises investors to monitor the space, as regulatory progress could expand the reach and utility of tokenized RWAs.

cointelegraph59m ago

Decoding XCN crypto’s 39% surge – Can Onyxcoin hold $0.0055?

Onyxcoin (XCN) surged 39% to a local high of $0.00695 after holding the $0.005 support level, though it later retraced to $0.0055. The rally was primarily triggered by its listing on Robinhood, which significantly boosted liquidity and trading volume, up 219% to $45.53 million. Data showed strong buying activity, with a positive buy-sell delta of 110 million in 24 hours, indicating aggressive accumulation. Whale activity also increased substantially, with top holders boosting their balances by 28%, adding 911 million tokens while selling only 274 million. Technical indicators like the RVI suggested upward momentum, though the RSI dipped, reflecting profit-taking. If whale accumulation continues, XCN may hold above $0.0055 and target $0.0063; otherwise, it could break below $0.005.

ambcrypto1h ago

Cardano whales accumulate as retail dumps — Is a major ADA reversal brewing?

ambcrypto1h ago

Shiba Inu’s Shibarium Is In Trouble As Leading DeFi Platform Threatens Exit

Shiba Inu's Layer-2 network, Shibarium, faces a major challenge as K9 Finance DAO, a leading DeFi platform on the chain, threatens to exit due to unresolved issues from a September 2025 bridge exploit. K9 Finance disclosed that private negotiations with the Shibarium team have stalled, prompting the public announcement. The DAO set a deadline of January 6, 2026, for affected users to be fully compensated. If unresolved, K9 Finance will vote on its future with Shibarium. The hack resulted in $4.1 million in losses, including $717,000 in frozen KNINE tokens. The dispute highlights ongoing tension over compensation and communication breakdowns within the ecosystem.

bitcoinist1h ago