BNB falls below the $600 mark
2025-02-04 04:40
Binance BNB/USDT is currently trading at $600.34, with a 24-hour increase of 9.87%. Please be aware of market fluctuations.
Binance BNB/USDT is currently trading at $600.34, with a 24-hour increase of 9.87%. Please be aware of market fluctuations.
Odaily Planet Daily News: According to official announcements, Upbit will hold an NFT New Year Challenge event from February 3 to February 17, 2025. During the event, participants can enjoy a transaction fee refund by placing orders to trade Ethereum and Polygon based NFTs, with a maximum reward of 0.5 ETH. Newly supported NFT collections include Azuki, BEANZOfficial, etc. The activity bonus will be distributed in ETH form, and any amount exceeding 50000 Korean won will be subject to a 22% tax deduction. (This news is generated with AI assistance)
Odaily Planet Daily News: According to official announcements, Binance will remove and cease trading of the following spot trading pairs on February 6, 2025 at 03:00 (UTC): QI/BTC、TLM/BTC、VITE/BTC。 In addition, Binance will terminate the spot trading robot service for the above-mentioned spot trading pairs at the same time. Users can still trade these tokens on other trading pairs on Binance. (This news is generated with AI assistance)
According to Reuters, India is re examining its stance on cryptocurrency as attitudes towards this virtual asset have changed in other countries. A senior Indian government official told Reuters on Sunday that this review may further delay the release of the cryptocurrency discussion document originally scheduled for September 2024. Ajay Seth, the Secretary of State for Economic Affairs of India, stated in an interview that "more than one or two jurisdictions have changed their stance on the use, acceptance, and importance of cryptocurrencies. In this trend, we are re examining this discussion document." Seth also pointed out that due to the fact that such assets are "unrestricted by borders," India's stance cannot be one-sided. He did not specifically mention the United States, but US President Trump ordered the establishment of a cryptocurrency working group last week to propose new digital asset regulations and explore the creation of a national cryptocurrency reserve, fulfilling his promise to thoroughly reform US cryptocurrency policy. In recent years, despite India's strict regulatory stance and high transaction taxes on cryptocurrencies, Indians have continued to invest heavily in them.
Odaily Planet Daily News: WEEX Exchange announced the launch of WE Lannch projects VTRU (Vitruveo), HOGSCoin (CryptoHog), GOHOME (GOHOME), SC20 (Shine Chain). Users can simultaneously receive 56000 VTRU, 5500000 HOGSCoin, 10000 USDT, and 25000 SC20 tokens by investing WXT. The invested WXT does not require locking or staking, and can be traded and withdrawn at any time.
The recent probe of Crypto.com and Kalshi's sports contracts all comes down to a single question — are event contracts premised on sports “gaming” within the meaning of the Commodities Exchange Act, said crypto lawyer Aaron Brogan.The Commodity Futures Trading Commission (CFTC) is probing the Super Bowl events contracts on Crypto.com and Kalshi, according to a Bloomberg report.See all newsletters"If sports does not constitute gaming, then, given the CFTC’s current legal posture, the CFTC likely does not have the power to prohibit Crypto.com and Kalshi from self-certifying these contracts," Brogan told CoinDesk.However, all of this is a bit more complicated than it seems on the surface."This is a surprisingly thorny question, which was addressed in the Kalshi ruling," Brogan said, referring to the ruling from last fall that allowed Kalshi to move forward with its election betting contracts by confirming that they do not fall under the CFTC’s restricted categories.Brogan explained that the Judge in that ruling defined "gaming" as “playing games” or “playing games for stakes” and specifically cited past discussions in Congress during the writing of the Commodities Exchange Act, during which a lawmaker said the rule against gaming was meant to cover sports betting."All that sounds bad for these contracts, but I am not wholly convinced," Brogan continued. "Judge Cobb’s finding here is dicta—non-binding—and the legislative history is only relevant where the law is ambiguous."Brogan also points to the Merriam-Webster dictionary definition of gaming as not “playing games” but “the practice or activity of playing games for stakes.”"At least in Merriam-Webster, this clearly means gambling, not sports, so I think these prediction markets would have colorable arguments if they had to go to the mats. Some judges might be receptive to this kind of textualist argument," Brogan said.And finally, there's the issue of the changing nature of the CFTC itself. Many believe that the appointment of Republican Caroline Pham as the Commission's Chair will lead to a more laissez-faire regulatory approach, Brogan said."[The Democrats] had been highly skeptical of retail-oriented event contracts and fought hard against first PredictIt and then Kalshi in 2023 and 2024 to attempt to prevent them from offering election contracts," Brogan continued.But, how laissez-faire is still something up for debate."If they’re probing into these post-inauguration Kalshi contracts, maybe they will still be hawkish on at least some event contracts," Brogan concluded.