Drift Proposes Recovery Tokens After $295M Solana Hack; Users May Wait Years for Compensation
Drift, a Solana-based derivatives exchange, proposed a recovery plan for victims of its April $295 million hack, including issuing 'recovery tokens' a...
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Bitcoin’s 2022-Style Rally: Futures Lead While Spot Demand Collapses
Bitcoin’s recent recovery is being driven by perpetual futures, mirroring the unsustainable rallies of 2022. Spot demand remains weak, and ETF outflow...
Kalshi Launches Bitcoin-Powered Prediction Markets to Challenge Traditional Crypto Exchanges
Kalshi’s head of crypto, John Wang, argues that regulated prediction markets offer a more intuitive way to trade Bitcoin than traditional spot exchang...
New York Demands $3.4B in Crypto Fines as Prediction Markets Shift to High-Leverage Derivatives
Prediction market giants Kalshi and Polymarket are introducing perpetual futures—highly leveraged crypto derivatives—amid a legal battle over whether...
Prediction Market Giants Kalshi and Polymarket Launch Crypto Perpetual Futures in High-Stakes Race
Kalshi and Polymarket, two leading U.S. prediction market platforms, are launching crypto perpetual futures within days of each other. Kalshi will deb...