1. FTX and Bybit Reach $228 Million Settlement Agreement, Resolving Most Issues in Bankruptcy Dispute.

2. Cryptocurrency Lobbying Groups Support Lawsuit Against SEC, Seeking Clarification on Token Airdrop Issues.

Cryptocurrency lobbyists Blockchain Association and the Crypto Innovation Council support the preemptive lawsuit filed by apparel company Beba in March. -Original

3. Tether CEO States Company Respects International Sanctions but Must Still Comply with U.S. Authorities.

4. Robinhood Launches U.S. Presidential Election Derivatives Trading, Allowing Users to Bet on Harris or Trump Winning.

Robinhood announced that its users can now trade prediction contracts for the 2024 U.S. presidential election, allowing bets on the outcomes of Kamala Harris and Donald Trump. The trading is offered in partnership with ForecastEx and is limited to U.S. citizens who meet specific criteria. This move by Robinhood enters the increasingly crowded political prediction market. Previously, the Kalshi platform won a key ruling against the CFTC, allowing it to continue offering election outcome contract trading. Additionally, competitors like Interactive Brokers have recently launched similar political contracts. Robinhood stated that such event contracts provide users with a real-time decision-making tool, opening up a new asset class. -Original

5. Cryptocurrency Exchange Bitget Hires Former Binance Executive to Drive Growth in Latin America.

The cryptocurrency exchange has hired Lin Min, former Vice President for Latin America and Head of Business Development at Binance, to drive growth. -Original

6. VanEck Predicts Bitcoin Will Become a Global Reserve Asset by 2050.

According to a post by Watcher.Guru on X platform, VanEck predicts that Bitcoin will become a global reserve asset by 2050, with a price potentially reaching $3 million. -Original

7. Bitmain Declares Recent Media Reports on Supply Chain Investigation Unrelated to the Company.

Bitmain issued a statement emphasizing that the company focuses on cryptocurrency mining machines and that recent media reports regarding a supply chain investigation are unrelated to the company. Bitmain stated that any news regarding its involvement in the incident is false and reserves the right to take legal action against media outlets that publish and disseminate false information. -Original

8. BlackRock IBIT Sees $57 Million in Pre-Market Trading Volume Today.

BlackRock IBIT's pre-market trading volume reached $57 million today. -Original

9. MicroStrategy's Leveraged Bitcoin Strategy Yields Higher Stock Returns than Bitcoin.

BTC's return rate so far this year is 60%, while MSTR's return rate is nearly four times higher. Here are excerpts from The Block's data and insights newsletter. -Original

10. Philadelphia District Attorney Sues Musk's PAC to Halt $1 Million Lottery Activity.

The Philadelphia District Attorney has filed a lawsuit against Elon Musk's Political Action Committee (PAC), seeking to stop its $1 million lottery activity for voters. -Original

11. Bitcoin Miners' Stock Prices Surge Due to Increased Demand for Artificial Intelligence.

12. Prediction Market Platform Kalshi to Provide Price Data for Crypto Oracle Stork.

Kalshi is a U.S.-regulated centralized prediction market platform that is establishing further connections with the cryptocurrency industry amid this year's election betting surge. -Original

13. Slovenia's Securities Regulator Grants Bitstamp MiFID MTF License, Allowing Launch of Crypto Derivatives.

According to official news, Slovenia's securities regulator has granted Bitstamp a MiFID MTF license, enabling the cryptocurrency exchange to offer more complex products to institutional and retail clients. The license also allows Bitstamp to launch crypto derivatives, including perpetual contracts. -Original

14. Probability Gap Between Trump and Harris on Polymarket Expands to 33.3%.

According to a post by Bitcoin Magazine on X platform, the probability gap between Trump and Harris on the prediction market Polymarket has expanded to 33.3%, marking the largest gap between the two so far. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).

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