Crypto Lobbyists Pitching Trump on Getting Things Done During Congress' Uncertainty

Kalshi has successfully raised $1 billion at an $11 billion valuation, marking a significant milestone in the prediction market sector. This funding round highlights the growing interest and competition in prediction markets, particularly within the cryptocurrency space. Kalshi's innovative approach continues to attract substantial investment, positioning it as a key player in the evolving landscape of financial prediction platforms.

AVAX One, a company backed by Anthony Scaramucci, has approved a stock buyback program worth $40 million. This decision reflects the company's strategy to enhance shareholder value and confidence in its future prospects.

Advocacy groups are calling on former President Donald Trump to intervene in the retrial of the Tornado Cash co-founder, who has already been convicted of one felony charge and faces potential retrial on two additional charges. The uncertainty surrounding the case raises concerns about the future of the individual involved and the implications for the cryptocurrency industry.

Mike Selig, nominated by Trump to lead the Commodity Futures Trading Commission (CFTC), has successfully passed a key hurdle in the confirmation process. His nomination is significant as it comes at a time when regulatory oversight of cryptocurrency markets is increasingly prioritized. Selig's confirmation vote is anticipated soon, reflecting the administration's focus on establishing a regulatory framework for digital assets.

Crypto exchange Ripio has announced the establishment of a $100 million crypto treasury, making it the second largest in Latin America. This strategic move is aimed at enhancing the company's financial stability and expanding its operations within the cryptocurrency market. The announcement highlights Ripio's commitment to leveraging digital assets for growth and innovation in the region.

Ray Dalio has confirmed that he still holds Bitcoin but expressed concerns regarding its traceability and the potential threat posed by quantum computing. He highlighted that advancements in quantum technology could undermine Bitcoin's security, raising questions about its future viability as a digital asset.

HBAR, the native token of Hedera, has dropped to $0.1373, raising new liquidity concerns as it breaks through critical support levels. This decline follows a broader trend of volatility in the cryptocurrency market, with increased selling pressure observed. The situation highlights the ongoing challenges faced by HBAR amidst a turbulent market environment.

ICP has fallen below a critical support level as trading volume surged during a resistance test. This decline indicates a shift in market sentiment, with traders reacting to the inability of ICP to maintain its breakout above $5.17. The cryptocurrency is now facing increased selling pressure, leading to concerns about its short-term performance.