Lead Story

Meta wants in on prediction markets – has it learned anything from the metaverse?

The New York Times reported on June 23 that Mark Zuckerberg directed a small team to build a prediction market app, internally called Arena, where users would forecast outcomes in politics, sports, and world affairs using points. The company that……
Markets

Pump.fun Parent Baton Corporation Recruiting CLO at Up to $5M Base Salary

Baton Corporation, the development company behind memecoin launchpad Pump.fun, is seeking a Chief Legal Officer at a base salary of $1M to $5M, a compensation…
Infrastructure

Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish

In this week’s edition of The Protocol Newsletter, we’re looking at Ethereum’s eventful week that started off with the launch of EthLabs, plus the layoffs…
Markets

A16z-Linked Wallet Pulls 25,560 ETH From Binance in Apparent Accumulation Move

A wallet attributed to venture firm a16z withdrew $42.62M worth of ETH from Binance on Tuesday, per onchain intelligence tracker Lookonchain, as ETH trades near…
Markets

Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket

The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial…
Regulation

Kalshi sues Illinois officials over prediction markets restrictions

The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect…
Institutional

Saylor’s STRC Bitcoin machine is turning shareholders into its cash backstop – causing a dilution trade-off

Strategy (formerly known as MicroStrategy) is discovering that strengthening one part of its increasingly complex balance sheet can expose weaknesses elsewhere. The Bitcoin treasury company…
Markets

Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet

The break below $100 puts MSTR at a discount to its roughly $50 billion in Bitcoin and shifts the question from how much more Bitcoin…
Markets

Bitcoin Price Collapses to $59,000 — and the Worst May Not Be Over

Bitcoin Magazine Bitcoin Price Collapses to $59,000 — and the Worst May Not Be Over Bitcoin price has plunged below $60,000 after a perfect storm…