You Can Bet on Kalshi Prediction Markets From Within Phantom Wallet

VanEck is rebranding its Gaming ETF to the VanEck Degen Economy ETF, tracking companies in digital trading, gig work, betting, and casinos. This ETF, launching in April 2026, will focus on sectors like millennial finance, gig economy, and digital gambling.

Sei blockchain partners with Xiaomi to preinstall a crypto wallet on smartphones sold outside the U.S. and China. The collaboration aims to introduce a next-gen finance app for stablecoin payments to Xiaomi's global user base.

Marketnode and Lion Global Investors are launching the Singapore Physical Gold Fund on Solana, allowing investors to access gold bars vaulted and insured in Singapore. The fund offers onchain subscription and redemption through Marketnode's network, with traditional custody and insurance on allocated bars.

Terraform Labs founder Do Kwon faces sentencing in a Manhattan court today for fraud charges, having admitting to defrauding investors with false claims about his company's blockchain products including Terra and the "algorithmic stablecoin" UST. His international run from the law ended with an arrest in Montenegro and extradition to the U.S.

Gemini has received a Designated Contract Market license from the CFTC, allowing them to offer event contracts to American customers. This move positions Gemini to compete with other prediction market giants like Kalshi and Polymarket, as part of a broader trend of regulatory acceptance for prediction markets.

The Federal Reserve's interest rate cut coincides with a surge in bullish options bets, particularly on the $100,000 call option expiring in December. Traders are strategically positioning for a limited bounce, reflected in open interest composed of specific strategies like long call condors and bull call spreads.

Paxful Holdings Inc., the firm behind a peer-to-peer Bitcoin exchange that closed in 2023, has agreed to plead guilty to federal charges and pay a $4 million criminal penalty to the U.S. Department of Justice. The company facilitated approximately $3 billion in trades between 2017 and 2019, knowingly enabling criminal activity.

A Trump-themed mobile crypto game, Trump Billionaires Club, will launch by the end of the year. The game offers $1 million in TRUMP coin rewards and features a 3D board game format focusing on luck and smart decisions.

Bitcoin and Ethereum prices fluctuated after the Federal Reserve cut its benchmark rate by 0.25% and announced plans to resume purchasing Treasury bills. The Fed's decision led to Bitcoin dropping 1.4% to $92,000, while Ethereum rose 0.6% to over $3,300, and Solana fell 3.2%.

Ethereum's treasury firm, BitMine, has been aggressively acquiring ETH, adding over 138,452 ETH last week. With a total of 3.864 million ETH, BitMine aims to hold 5% of the circulating supply. Tom Lee believes Ethereum has hit its bottom and is optimistic about its future growth.