U.S. CFTC seeks event contract definitions that may defy states' gambling claims

Binance ETC/USDT perpetual trading volume surged 8 times within 10 minutes, with a turnover of 26.81 million US dollars in the past 24 hours, a decrease of 4.85% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

US Congressman Don Davis proposed the "Prohibition of Placing Bets on Your Own Votes Act", which prohibits federal candidates and their families from trading predictive market contracts based on their own election results. Violators will be fined $10000 in civil law or three times their net earnings. The trading platform may be exempted from liability by restricting accounts or closing positions in good faith, and may report to the CFTC, Department of Justice, or FEC, which must update the candidate list on a weekly basis. (Source: Decrypt)

Stacks founder Muneeb Ali returns to the project as CEO and announces five plans for the first 30 days of his tenure: expanding institutional business to shorten the Bitcoin bond landing cycle; Simplify management hierarchy and accelerate decision-making; Publish a two-year roadmap covering BTC privacy and post quantum solutions; Convene an investor meeting and release position updates; Transfer intellectual property rights to a non shareholder donation fund, with the value attributed to STX. Muneeb Ali has been deeply involved in the industry for 13 years and will publicly build it with the token $STX.

Arthur Hayes stated on Token2049 that the Flop testnet will be launched in October of this year, with a 90 day cycle. The mainnet will be launched in the first quarter of 2027, and users participating in the testnet mining will receive token airdrops.

Fidelity executive Cynthia Lo Bessette stated at the Blockworks DAS conference that financial institutions need to have both traditional and digital asset infrastructure operational capabilities.