Emperor Capital Market: US stocks face 10% pullback risk, mid-term elections exacerbate AI volatility

The Hyperliquid Policy Center has submitted a legal opinion to the Federal Court in Washington, D.C., supporting the CFTC's rejection of CME's lawsuit against its approval of the Kalshi Crypto Perpetual Contract. (Source: Market News)

LAPTOP token FDV briefly fell below $80 billion and has now rebounded to $94.6 billion, with a 20 minute trading volume of $4.2 million.

Trader 0xa5019 spent 100 ETH ($249800) to buy 9124 LAPTOPs, then sold 8480 LAPTOPs for 472 ETH ($1.18 million), and currently holds 644 LAPTOPs ($110000).

Traders have increased their bets on interest rate hikes by the European Central Bank and the Bank of England, expecting to raise rates four times by the end of 2027.

The Blockchain Association and CCI have applied for a preliminary injunction to the Sangamon County Circuit Court in Illinois, requesting to suspend the 0.2% digital asset franchise transaction tax that will take effect on January 1, 2027 during the litigation period. This tax law applies to encrypted entities established in Illinois or providing services to residents of the state with an annual total income exceeding $100000. Blockchain Association and CCI, together with the Digital Chamber of Commerce, claimed that the bill violated the federal Internet Tax Exemption Act and the due process and interstate trade provisions in the U.S. Constitution.