Author: American Coins & Gold

Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts
PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.

'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court
The regulator pleaded with the court to halt Kalshi’s political prediction markets for the duration of the CFTC’s appeal.

Even Temporarily Blocking Election Contracts Risks 'Irreparable' Harm, Kalshi Argues
Prediction market company Kalshi pushed back against the Commodity Futures Trading Commission’s move to block its new election contracts, saying they would harm the company.

Sam Bankman-Fried Appeals Fraud Conviction, Requests New Trial
The FTX founder is six months into a 25-year prison sentence.

Sam Bankman-Fried Appeals Fraud Conviction, Requests New Trial: NYT
The FTX founder is six months into a 25-year prison sentence.

Spanish Crypto Exchange Bit2Me Obtains License in Argentina as a Virtual Asset Service Provider
The registry, launched in March by Argentina’s National Securities Commission, already has 79 approvals.

Bitcoin Eyes K and Likely Has More Room to Rally, Analyst Says

Bitcoin Left Out as Stocks, Bonds and Gold Party on Global Monetary Easing
Markets are rallying as might be expected on a new rate cut cycle, but crypto continues to struggle.

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved
Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.

DAOs Need a Vibe Check
A recent token heist at Compound DAO revealed the weakness of current DAO governance voting. There is a better way, say Andrés Fábrega, Jay Yu, Amy Zhao, and Ari Juels.