Market news
Stocks and crypto headlines from Alpaca. Stored for 7 days. Total: 4358.
-
Super Micro Plummets, But This ETF Turned It Into A 40% PaydaySuper Micro Computer plunged more than 20% after announcing a $7B equity raise, but one ETF emerged as today's top-performing fund.
-
Prediction Markets’ Wild West Days May Be Over: CFTC Drafts Its First Major FrameworkThe US Commodity Futures Trading Commission (CFTC) has unveiled its first regulatory framework for prediction markets, releasing what it described as a proposed approach to governing the industry under American law. The plan, issued by the agency on Wednesday, would establish standards for certain types of wagering while leaving markets tied to elections and politics largely outside the category of activities that would trigger more intensive scrutiny. Where The Line Is Drawn The new proposal sets out how the agency would start determining whether a contract should be prohibited. Under the draft, the CFTC said it preliminarily views both sporting wagers and wagers involving games of chance and pure luck as falling under “gaming.” At the same time, it suggests that wagering on sports outcomes is likely not broadly contrary to the public interest, while staking money on gambling or games of pure luck likely would be. The framework further argues that prediction markets based on sports scores, price spreads, win-loss outcomes, tournament advancement, and similar data may serve a “price discovery” function and provide meaningful information. Related Reading: XRP May Reach $10 By 2027—But Bearish Conditions Could Push It Below $1, Expert Says Where the proposal draws sharper boundaries is with specific categories of sports-related betting. The CFTC indicated that wagering on player injury, fighting, children’s sports, officiating, or wagering structured in a way that could encourage cheating was unlikely to meet the public interest standard. The draft also addresses election-related contracts, noting that election wagers are “contests, not gaming,” and therefore fall outside the “enumerated activities” that would allow the CFTC to apply its 90-day review process to event contracts. The agency’s proposal also focuses heavily on how it would evaluate whether a contract crosses too far into areas like terrorism, war, or assassinations—topics that, the draft notes, domestically regulated exchanges have largely avoided offering. 45-Day Comment Period For Prediction Markets In its announcement, the CFTC acknowledged that the rules released Wednesday are “thin,” and said additional rulemaking about prediction markets could be introduced in the future. After Wednesday’s release, the proposed rule will undergo a 45-day public comment period. CFTC Chair Mike Selig emphasized the commission’s intent as it prepares for further steps in the rulemaking process. He said in a statement that the CFTC would protect the integrity of its regulated markets while still allowing “responsible innovation. Selig added that the new prediction markets proposal provides a durable and transparent framework for identifying the contracts Congress directed the agency to scrutinize, while also letting legitimate markets continue. Related Reading: Treasury Stablecoin Proposal Draws Major Warning From Hyperliquid Policy Center–Here’s Why Beyond defining the types of wagering that may fall on different sides of the line, the proposal lays out a step-by-step process for prohibitions. The CFTC would first determine whether the contract is actually tied to an event happening. It would then evaluate whether the event fits within the categories defined in the Commodity Exchange Act, and finally conduct a public interest analysis to decide whether the prediction markets’ contract should be banned or allowed. Featured image created with OpenArt; chart from TradingView.com
-
Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi DemandBotanix asked users to withdraw funds, disclosing plans to wind down its Bitcoin-based layer-2 network in July.
-
CryptoQuant sees bitcoin bottom near $53,600 while demand remains ‘deeply unfavorable’CryptoQuant sees bitcoin bottom near $53,600, its current realized price and a level that has historically marked bear market bottoms.
-
US monthly budget statement shows $293B deficit in MayRising deficits may drive interest in Bitcoin as a hedge against currency debasement, but higher Treasury yields could challenge crypto appeal. The post US monthly budget statement shows $293B deficit in May appeared first on Crypto Briefing .
-
CFTC proposes first federal regulations for sports gambling on prediction marketsThe CFTC's proposed regulations could streamline prediction markets, potentially reshaping state-federal dynamics and market operations. The post CFTC proposes first federal regulations for sports gambling on prediction markets appeared first on Crypto Briefing .
-
BlackRock and Fidelity are quietly turning bitcoin ETFs into a two-firm marketBlackRock's IBIT and Fidelity's FBTC are attracting the vast majority of new bitcoin ETF money, leaving smaller funds increasingly sidelined as institutional investors consolidate around the industry's largest players.
-
OpenAI updates ChatGPT model picker for pro users with six new response tiersThe new model picker enhances user experience by offering tailored response options, potentially increasing productivity and user satisfaction. The post OpenAI updates ChatGPT model picker for pro users with six new response tiers appeared first on Crypto Briefing .
-
Barcelona signs goalkeeper Joan García from RCD Espanyol in historic cross-city transferThis transfer could reshape Barcelona's goalkeeping strategy and intensify the rivalry with Espanyol, impacting future cross-city dynamics. The post Barcelona signs goalkeeper Joan García from RCD Espanyol in historic cross-city transfer appeared first on Crypto Briefing .
-
World Cup 2026 Group I draws crypto spotlight as FIFA deepens blockchain partnershipsFIFA's blockchain partnerships for World Cup 2026 could redefine fan engagement and digital asset integration in global sports events. The post World Cup 2026 Group I draws crypto spotlight as FIFA deepens blockchain partnerships appeared first on Crypto Briefing .
-
Binance USDT liquidity indicates consolidation, not recoveryBinance's USDT liquidity consolidation suggests a cautious market stance, reflecting broader stablecoin distribution trends across exchanges. The post Binance USDT liquidity indicates consolidation, not recovery appeared first on Crypto Briefing .
-
Stock Of The Day: Is The Vishay Rally Over?Vishay (VSH) is the most overbought that it has ever been. There is a chance the stock reverses.
-
Visa and OpenAI partner to bring secure tokenized payments into agentic commerce experiencesVisa's AI-driven commerce initiative could revolutionize consumer transactions, but execution risks and stablecoin integration remain key challenges. The post Visa and OpenAI partner to bring secure tokenized payments into agentic commerce experiences appeared first on Crypto Briefing .
-
Trump directs US military to safeguard oil tankers in Strait of Hormuz, and crypto markets are paying attentionThe military's involvement in securing oil transit may stabilize energy markets, while potential crypto innovations could face regulatory challenges. The post Trump directs US military to safeguard oil tankers in Strait of Hormuz, and crypto markets are paying attention appeared first on Crypto Briefing .
-
SpaceX set for largest IPO in history on Vest Markets this FridaySpaceX's historic IPO could reshape investment landscapes, highlighting the growing influence of tech giants in global markets. The post SpaceX set for largest IPO in history on Vest Markets this Friday appeared first on Crypto Briefing .
-
Over 100M barrels pass through Strait of Hormuz, indicating partial recoveryThe partial recovery in Strait of Hormuz traffic suggests easing tensions, potentially stabilizing global energy markets and geopolitical dynamics. The post Over 100M barrels pass through Strait of Hormuz, indicating partial recovery appeared first on Crypto Briefing .
-
Trump Media, TAE Technologies Confirm Merger TimelineTrump Media & TAE target Q4 2026 merger close, but scrap Truth Social spin-off plans. Read the latest DJT updates.
-
Starknet Foundation launches Proof of Privacy incubator for teams building on STRK20The incubator could accelerate the development of privacy-focused DeFi tools, potentially reshaping financial privacy standards on blockchains. The post Starknet Foundation launches Proof of Privacy incubator for teams building on STRK20 appeared first on Crypto Briefing .
-
Mike Volpi: AI is reshaping software development costs, the importance of technical fluency in venture capital, and why brand reputation is crucial for attracting entrepreneurs | Uncapped with Jack AltmanAI's impact on software costs and venture strategies is reshaping the future of tech investments. The post Mike Volpi: AI is reshaping software development costs, the importance of technical fluency in venture capital, and why brand reputation is crucial for attracting entrepreneurs | Uncapped with Jack Altman appeared first on Crypto Briefing .
-
SpaceX’s IPO set to attract investors to Musk’s space and AI visionSpaceX's IPO could reshape investment landscapes, merging space exploration with AI, while Musk's control raises governance questions. The post SpaceX’s IPO set to attract investors to Musk’s space and AI vision appeared first on Crypto Briefing .