Market Wrap
Prediction markets and synthetic assets dominated the day's themes. Kalshi faced simultaneous momentum on fundraising and headwinds from trading integrity concerns. Separately, analyst research signaled conviction in a tokenomics shift.
- Kalshi fundraising round values prediction market at $40B
- Kalshi terminates volume rewards program over wash trading allegations
- Standard Chartered projects Ethena token gains from buyback program
Sources: MarketWatch, The Defiant, CNBC, Decrypt, Cointelegraph, CoinDesk, The Block, SEC Press Releases
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
Standard Chartered Ethena Kalshi
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