Crypto markets continued to be influenced by geopolitical headlines. $BTC is currently at $71,784 while $ETH is at $2,189.02. Bitcoin dominance sits at 59.54%.
The DOJ and CFTC are seeking to block Arizona’s prosecution of Kalshi, arguing its event contracts fall under federal derivatives law rather than state gambling rules. The case escalates the broader regulatory battle over whether prediction markets should be treated as financial instruments or betting products.
Other headlines: BitMine uplisted to the NYSE with 4.8M ETH and expanded its buyback to $4B; Galaxy stock rose 11% after reporting profitable core operations despite a $241MM net loss; and Trump’s memecoin gala faces uncertainty due to scheduling conflicts and political scrutiny.
During the last 24 hours, the top three gainers were $RAVE, $ZEC, and $DASH, while the top three losers were $FARTCOIN, $TAO, and $RIVER.
