News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
Kalshi Aims for $40 Billion Valuation Following Recent $1 Billion Fundraise
Kalshi is pursuing a $40 billion valuation shortly after a $1 billion funding round, as it navigates a complex legal landscape regarding prediction markets.
Mercation Admin2 min - News
South Korean Regulator Fines Bithumb for Data Breach
South Korea's PIPC has fined Bithumb 210 million won for unauthorized data transfers to foreign firms, highlighting the need for stricter data protection protocols.
Mercation Admin1 min - Crypto
How Euro Stablecoins Lost a Battle That Never Started
Euro stablecoins are struggling to compete with dollar and lira counterparts, facing regulatory hurdles and lack of demand.
Mercation Admin5 min - News
US Democrats Urge SEC to Strengthen Oversight of AI Trading
US lawmakers are urging the SEC to enhance oversight of AI trading agents amid concerns about market integrity and accountability.
Mercation Admin1 min - Crypto
Ripple's RLUSD Stablecoin Launches in Japan Following Regulatory Approval
Ripple's RLUSD stablecoin has officially launched in Japan after receiving regulatory approval, allowing it to be offered to both institutional and retail users via SBI VC Trade.
Mercation Admin4 min - Crypto
XRP Drops 2.8% as Weak Recovery Keeps $1 Support in Sight
XRP experienced a 2.8% decline, falling to approximately $1.07, as it struggles to regain lost support levels amidst a broader market pullback.
Mercation Admin3 min - News
Kalshi Takes Legal Action Against Illinois Over New Tax on Sports Prediction Markets
Kalshi has filed a lawsuit against Illinois over a newly imposed 15% tax on sports-related prediction market revenue, claiming the state lacks authority for such taxation.
Mercation Admin2 min - News
Binance Pulls MiCA License Application in Greece, EU Users Affected
Binance has retracted its MiCA license application in Greece, opting to seek approval in another EU country, leaving some users uncertain about the future.
Mercation Admin2 min - Crypto
Binance Withdraws MiCA License Application in Greece
Binance has withdrawn its MiCA license application in Greece, planning to seek authorization in another EU country amid regulatory challenges.
Mercation Admin1 min - Crypto
21Shares: Bitcoin Remains in Four-Year Cycle Despite Recent Decline
21Shares has revised its stance on Bitcoin's four-year cycle, indicating it remains intact even as BTC dips below $60,000, while predicting changes in ETF investments.
Mercation Admin2 min - News
South Korean Delegation Engages with US SEC on Unified Crypto Regulations Amid Local Scandals
A South Korean delegation met with the SEC to discuss crypto regulations, highlighting U.S. influence amid local scandals like Bithumb's bribery case.
Mercation Admin2 min - Crypto
Rosfinmonitoring to Tighten Control Over Bitcoin Transactions
Rosfinmonitoring is set to enhance regulations for cryptocurrency transactions, requiring full client identification and expanding mandatory controls.
Mercation Admin1 min