U.S. Political Prediction Markets: Why Kalshi’s Court Victory Matters

If it turns out that the judge’s ruling preempts the CFTC’s proposed rulemaking, election event contracts may now be completely legal.Source

CoinDesk 20 Performance Update: ICP and RNDR Each Drop 3.6%, Leading Index Lower

The CoinDesk 20 inched lower, despite 10.6% gains by Polygon.Source

Odds of 50 Basis Point Fed Rate Cut Next Week Jump to 45%

A decent jobs report last week and speedier than expected inflation data this week had most assuming the U.S central bank would initially proceed cautiously as it begins a monetary easing cycle.Source

Michael Saylor’s MicroStrategy Purchased 18.3K More Bitcoins for $1.1B

The firm now holds over 244,800 bitcoin, founder Michael Saylor said in an X post.Source

XRP, DOGE Lead Market Gains as Bitcoin Dips Under $58K

XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.Source

First Mover Americas: Bitcoin Trades Little Changed Above $58,000

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Polymarket Bettors See 84% Chance of Donald Trump Starting His Own Token

The bump came as Trump said he would launch the family-helmed World Liberty Financial project on Monday.Source

English High Court Rules Tether’s USDT Stablecoin Counts as Property

USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.Source

Tokenized Real-World Assets (Excluding Stablecoins) Market Value Hits Over $12B: Binance Research

RWAs continue to experience growth led by tokenized U.S. Treasuries.Source

Starknet Token Holders Ratify Plan to Implement Staking, in Landmark Decentralized Election

The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.Source