The OKX executive says Democrats have little incentive to hand Republicans a crypto victory before the midterms.

The US Commodity Futures Trading Commission (CFTC) has issued a warning to the prediction market regarding the risk of American odds.

The State Administration of Taxation of China stated that Chinese tax residents are required to fulfill their tax obligations on global income in accordance with the law, and overseas insurance income falls within the scope of taxable income. This policy is not new, nor is it specifically targeted at the Hong Kong insurance market. The relevant rules treat foreign income from different countries and regions equally. According to Caixin, with the normalization of CRS information exchange, Chinese tax authorities have been able to obtain dividend and cash value data of overseas policies, and the payment of insurance benefits for overseas income taxation has been initiated.

After months of public warnings from onchain analysts, the prediction market is moving to time-weighted prices to make artificial price pushes too costly.

XYO co-founder participates in discussions on whether DePIN is ready for institutional adoption. （Cointelegraph）