Highlights Neutrl has halted minting and redemptions for its synthetic dollar, NUSD, due to unidentified reserve issues. Strata has also paused related functions, leading to an 18% drop in NUSD's supply and a 72% decrease in monthly transfer volume. The status of Neutrl’s reserves remains uncertain, raising concerns over the...
Author: Finley Adams
CFTC Grants Kalshi the Green Light to Continue Operations Despite New York Lawsuit Challenges
Highlights: - The CFTC has ordered prediction market Kalshi to resume operations amid a legal dispute with New York state. - New York's enforcement actions have raised questions over the regulatory authority over prediction markets, potentially affecting operations nationwide. - The conflict reflects ongoing national discussions about the jurisdiction of...
