Kalshi Petitions Sixth Circuit for Rehearing, Battling Ohio and Tennessee Gambling Rulings

Prediction market platform Kalshi has petitioned the Sixth Circuit Court for a full-court rehearing, challenging adverse rulings in Ohio and Tennessee cases. The company argues the panel misapplied key provisions of the Commodity Exchange Act regarding federal preemption and whether sports event contracts qualify as 'swaps'. The outcome could shape future regulatory battles over prediction markets.

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Institutional Giant Accumulates Over 11,000 Bitcoin in Two Months: A Deep Dive into Strategy and Entry Points

On-chain data reveals that investment firm Strive has aggressively accumulated Bitcoin over the past two months, purchasing a total of 11,417 BTC worth approximately $952 million. With an average buy price of $82,281, this sustained large-scale accumulation is seen as a significant vote of confidence in Bitcoin's current valuation, prompting market analysis on future trends.

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