Why Wall Street's Biggest Traders Are Abandoning Crypto for Prediction Markets | Alex Momot
Prediction markets are entering a new phase with increased involvement from major market makers. Large Wall Street traders are shifting focus from cryptocurrency to prediction markets, as discussed by Peanut Trade Co-founder Alex Momot.
Aave, Solana ecosystem tokens lead crypto rebound as bitcoin steadies near $60,000
Tokenized stock trading activity generated fresh momentum across Solana ecosystem tokens. Aave's founder indicated token buybacks would occur under a new framework, while bitcoin steadied near the $60,000 level.
Base Suffers Second Chain Halt in 24 Hours, Complicating B20 Activation Window
Base experienced a second network halt in under 24 hours Friday morning, this time occurring within three hours of the scheduled B20 Activation Registry launch. Both outages displayed similar technical symptoms, with the second incident disrupting block production shortly before the anticipated activation window.
Spain regulator rules out extension for non-MiCA compliant crypto companies
Spain's financial regulator will not grant extensions or exceptions to the MiCA deadline for crypto exchanges seeking licenses to serve EU-based users. Carlos San Basilio stated that all non-compliant crypto companies must meet the regulatory requirement without delay or special accommodation.
Canton Network Tops Blockchain Fee Rankings With $60M in 30 Days
Canton Network generated $60.2 million in fees over 30 days, exceeding Tron's $27.6 million and Ethereum's $11.3 million. The privacy-enabled institutional blockchain built by Digital Asset achieved this ranking according to DefiLlama data.
Bipartisan Senators Ask CFTC Chair Whether Agency Is Investigating Polymarket's Fake-Bet Campaign
A group of bipartisan senators sent a letter to the CFTC Chair asking whether the agency is investigating Polymarket's paid influencer scheme. The platform operates under CFTC licensing but conducted staged trades on an offshore site outside the agency's direct regulatory reach.
Securitize Goes Public on NYSE July 2 With $400M From SPAC Merger
A tokenization platform will begin trading on NYSE on July 2 under ticker SECZ following a SPAC merger that raised over $400 million. The deal included a $225 million PIPE investment and supports BlackRock's BUIDL fund.
StablecoinX Begins Nasdaq Trading as First Public ENA Treasury Vehicle
StablecoinX Inc. began Nasdaq trading after completing its SPAC merger, holding approximately 3.03 billion ENA tokens. The company became the first publicly listed entity building infrastructure for the Ethena ecosystem.
SEC, CFTC seek input on unified portfolio margin rules across securities and derivatives
The SEC and CFTC are requesting public comment on unified portfolio margin rules that would apply across both securities and derivatives markets. The agencies are specifically seeking input on cross-margining, collateral, and risk management practices as cryptocurrency derivatives and multi-asset trading expand.
Fed Official Kashkari Gives Rate Hike Warning: How Will US Stocks and Bitcoin React?
Federal Reserve official Kashkari indicated that rate hikes may occur in 2026 and warned that services inflation remains sticky. This statement is weighing on both US stock prices and Bitcoin valuations.
Ethereum whale who shorted October 2025 crash opens $19.7M ETH short position
A cryptocurrency whale has opened a $19.7 million short position on Ethereum. The trader previously profited from an October 2025 crash and could gain $2.39 million in unrealized profits if ETH falls to $1,375.
Ondo Finance Launches 24/7 Minting and Redemption for Tokenized US Stocks and ETFs
Tokenized US stocks and ETFs on Ondo Finance can now be minted and redeemed 24/7 on Ethereum and BNB Chain. Previously, these operations were restricted to weekday US market hours.
Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo
Trump blocked signing a housing bill containing a CBDC ban through 2030, demanding Congress first pass voter-ID legislation. The 21st Century ROAD to Housing Act passed both chambers but remains unsigned pending the separate voter-ID requirement.
US senators push to end CFTC ‘assault’ on state oversight of prediction markets
Seventeen Democratic senators are pushing to cut the CFTC's funding for lawsuits targeting prediction markets, which they characterize as an attack on state regulatory authority. The senators argue the agency is overstepping its jurisdiction in cases involving state-level oversight of prediction market operations.
Bitcoin makes first sub-$60K close since Q3 2024 as tech stocks enter ‘deep bear market’
Bitcoin closed below $60,000 for the first time since the third quarter of 2024 after tech stocks experienced significant declines in Asian markets. The cryptocurrency faced potential resistance at the $60,000 level as selling pressure continued.
Framework Ventures raises $400M to invest beyond crypto: Report
Framework Ventures raised 400 million dollars for its fourth fund to invest in AI, robotics, and energy sectors. The firm plans to continue making cryptocurrency investments while diversifying into these new technology areas.
Australian regulator extends no-action period for crypto licensing
Australia's financial regulator extended temporary enforcement relief for digital asset businesses until September 30 during their transition into the country's licensing system. This no-action period allows crypto firms to continue operating without facing enforcement action while they work toward obtaining required licenses.
AscendEX withdrawal complaints mount as ZachXBT questions reserves
Users reported delayed withdrawals from AscendEX after analyst ZachXBT questioned the exchange's liquidity and reserves. The complaints mounted as ZachXBT called for the exchange to provide explanations regarding its reserve holdings.
Bitcoin ETFs post June's biggest daily outflows as BTC falls below $60K
US Bitcoin ETFs experienced $696.3 million in outflows as Bitcoin fell below $60,000. Year-to-date losses for these ETFs reached $4.6 billion.
Tether stablecoin flips Ether by market cap as ETH routs to $1.5K
Tether's market capitalization exceeded Ethereum's as Ether's price declined to $1.5K, returning to support levels last seen in October 2023 and April 2025. Ethereum currently trades at support levels it previously tested during those two earlier periods.
Broadcom Built OpenAI’s First Chip in Record Time, but the Money Went Elsewhere
Broadcom and OpenAI launched Jalapeño, OpenAI's first custom AI chip, built in record time. Despite the partnership announcement, large investors are directing money toward rival companies like Micron and AMD instead.
BitGo Cuts 15% of Workforce to Focus on Stablecoins and AI
BitGo is eliminating approximately 15% of its workforce. CEO Mike Belshe is redirecting the custodian's focus toward stablecoins, settlement services, and artificial intelligence.
Aave Founder Stani Kulechov Denies Kraken Stake Sale Report, Confirms AAVE Buybacks
Aave founder Stani Kulechov denied reports of selling a stake in Kraken. He confirmed that automated AAVE token buybacks are occurring under Aavenomics 3.0.
Anthropic Urges Congress to Crack Down on AI Distillation By Chinese Rivals
Chinese operators used 25,000 fake accounts to harvest 28.8 million conversations from Anthropic's Claude AI through distillation techniques. Anthropic is requesting Congressional regulation to prevent rivals from copying proprietary AI models through this method of extracting technology at low cost.
Bitcoin bounces off new 2026 price lows: Will US stock weakness push BTC lower?
Bitcoin fell to new 2026 lows as spot ETF outflows and bearish options expiry pressured prices downward. Analysts suggest US stock weakness could drive the cryptocurrency further down as investor losses continue accumulating.
Polymarket to Refund Users After Scammers Swipe Millions in Website Exploit
Hackers stole millions in cryptocurrency from Polymarket by exploiting a compromised third-party vendor vulnerability. The platform will refund affected users whose accounts were accessed through the website breach.
About 50% of UK Wealth Advisors Cannot See Most of Their Clients’ Crypto Holdings
Half of UK wealth advisors cannot view most client cryptocurrency holdings due to institutional policies that block this visibility. The CoinShares survey found that firm-level restrictions are the primary barrier preventing advisors from accessing client crypto asset information.
OpenAI Could Reportedly Delay IPO After SpaceX Scare
OpenAI executives are reportedly considering delaying their IPO timeline following concerns about risks in mega-AI company public listings. Polymarket traders currently price 30-40% odds that OpenAI will not conduct an IPO by the end of 2026.
SOL Price is Down 20% But Solana Network Activity is Climbing on Meme Coins
SOL token price dropped 20% over one month while on-chain network activity increased 39%, primarily driven by meme coin launchpads and perpetual futures trading. Long-term holders are continuously moving coins to exchanges, creating sustained selling pressure despite the elevated transaction volume.
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Invesco filed for a tokenized fund designed to hold reserves backing stablecoins, leveraging its $2.5 trillion in assets under management. The filing follows Invesco's acquisition of Superstate's tokenized money market fund, expanding its blockchain-based investment offerings.