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Quick Take Kalshi has recently received cease and desist notices from gaming regulators in Nevada and New Jersey that seek to stop the prediction marketplace from offering contracts related to sports events and argue only state-licensed organizations can offer sports gambling. Kalshi sued the agencies in response, arguing that as a CFTC-regulated exchange, it is exclusively regulated by the federal government, and the Commodity Exchange Act preempts state law.
Web3 still hasn’t gone mainstream — but Ice Open Network is making decentralized tech feel as simple and seamless as Web2.
Quick Take Daily exchange volumes have dropped from a $126 billion post-election peak to $35 billion, returning to pre-election levels amid market uncertainty. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The FTX estate is set to begin repaying its creditor claims over $50,000 in value on May 30. Creditor repayments could take time given a large volume of likely fraudulent claims, one of FTX’s bankruptcy attorneys said, according to a Bloomberg report. The cryptocurrency claims are valued as of the bankruptcy petition date, November 11, 2022; the price of BTC is currently 5x higher than that value.
- 14:00U.S. March JOLTs Job Openings 7.192 millionU.S. March JOLTs Job Openings 7.192 million, expected 7.48 million, previous value revised from 7.568 million to 7.48 million.
- 11:58Scroll Co-Founder: Scroll Becomes the First zk-Rollup to Reach Stage 1Scroll co-founder Ye Zhang tweeted that Scroll achieved a critical upgrade with the Euclid update, becoming the first zk-Rollup to reach Stage 1. This ensures that users have sufficient time to exit before system changes, supports Layer 1 forced transaction submission, and allows the network to automatically open if the sequencer or provers go down, ensuring system activity.
- 11:52Strategy's Bitcoin Holdings Currently Have Unrealized Profits Exceeding $14.839 BillionAs Bitcoin rises above $95,000, currently priced at $95,266, Strategy (formerly MicroStrategy) has unrealized profits of $14.839 billion from its Bitcoin holdings. As of April 27, 2025, Strategy holds 553,555 BTC, having spent $37.9 billion with an average holding price of $68,459.