Announcement of a Conference
The Block has announced its upcoming conference, Emergence, to be held in Prague on December 5-6, 2024, focusing on the future of cryptocurrency and digital assets. This event will gather industry leaders and enthusiasts to discuss relevant topics in the crypto space.
Market Reactions Following Legal Developments
Bitcoin and ether have experienced a decline following a rally fueled by rate-cut expectations and reports surrounding a threat to former President Trump. These fluctuations highlight the link between macroeconomic developments and cryptocurrency prices.
CFTC's Legal Battle and Lawmaker's Response
The CFTC has faced criticism over its authority regarding prediction markets, specifically in the Kalshi case. Rep. Ritchie Torres has called on the agency to accept a recent court ruling against it and shift its focus to regulating election markets that operate outside legal frameworks.
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