Prediction market platform Kalshi has won a partial preliminary injunction in an Illinois lawsuit, with the court ruling that the sports championship contract may be a federally regulated swap. Judge Martha M. Pacold of the Federal District Court for the Northern District of Illinois ruled that the state's sports betting licensing system and related criminal provisions may be prioritized by federal law and cannot be enforced against Kalshi temporarily. The court did not make a ruling on the fees for the newly established predictive market in Illinois, which stipulate a fee of 1.75% for the first 5 million related transactions of the exchange, followed by a fee of 3.5%, plus a total revenue fee of 15% and a fee of 25 or 50 cents per transaction. The court requested all parties to provide additional opinions on the fee issue. (Source: Bitcoin.com News)

The Dubai Virtual Asset Regulatory Authority (VARA) has issued a circular requiring virtual asset service providers (VASPs) to maintain a reserve of no less than 100% of customer liabilities during the review period, hold the same virtual assets in a 1:1 ratio, and reconcile daily. The audit scope covers various wallet infrastructure, third-party custody assets, and customer asset segregation.

CME Federal Reserve observation data shows that the probability of the Fed keeping interest rates unchanged until October is 79.5%, and the probability of a cumulative 25 basis point rate hike is 20.5%; The probability of keeping interest rates unchanged until December is 15.5%, the probability of a cumulative increase of 25 basis points is 68.0%, and the probability of a cumulative increase of 50 basis points is 16.5%.

Hong Kong plans to submit a bill this year to regulate the licensing of Bitcoin and cryptocurrency brokers, custodians, and advisors. （Bitcoin Archive）

Bitwise CIO Matt Hougan stated that the annualized volatility of Bitcoin has decreased from 66% in the past decade to 44% in the past year, gradually becoming digital gold.