Not all whales have been accumulating; two moved tens of millions of dollars to exchanges on March 19 as Bitcoin fell amid an escalation of the Iran conflict. Large Bitcoin holders accumulated 61,568 more Bitcoin over the past month against the backdrop of escalating conflict in the Middle East and macroeconomic uncertainty. Whales and sharks, defined as those holding between 10 and 10,000 Bitcoin (BTC), have increased their holdings by 0.45%, while wallets with under 0.01 Bitcoin have added 0.42%, or 213 BTC, over the past month, Santiment said in an X post Thursday. The figures support recent data showing that Bitcoin exchange outflows have persisted throughout March, indicating that Bitcoin holders are accumulating rather than looking to sell. Read more
It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services. The UK government is cracking down on a $20 billion Chinese-language crypto guarantee marketplace, with sweeping sanctions aimed at cutting the platform off from crypto access. The UK’s Foreign, Commonwealth & Development Office said in a statement Thursday that Xinbi provides crypto-based services, scam-enabling tools and other illicit services to bad actors and plays a central role in scam centers operating across Southeast Asia. “The UK’s sanctions will isolate the platform from the legitimate crypto ecosystem, significantly disrupting its operations by affecting its ability to send and receive cryptocurrency transactions,” the agency said. Read more
Kalshi has already listed specific markets that ARK Invest is interested in, such as non-farm payroll markets and deficit-to-GDP (gross domestic product) ratio markets. Tech-focused asset manager ARK Invest said it will start using Kalshi’s prediction market data to improve how it makes its investment decisions, one of the latest cases demonstrating the broader value of prediction market data beyond trading. According to a statement from Kalshi, ARK will use prediction market data to gauge real-time expectations and guide its existing market-based research, in addition to analyzing performance indicators such as trading volume, regulatory approvals and technological milestones. ARK will also use the data for risk management and hedging strategies. “Bringing prediction markets into institutional workflows is a natural next step for innovation in financial research,” ARK Invest founder and CEO Cathie Wood said Thursday, while the company’s research director, Nick Grous, said prediction markets “offer some of th...
Judge Rita Lin said it was not until Anthropic raised concerns about how its technology could be used that the US government announced a plan to "cripple Anthropic." A US federal judge in San Francisco has granted Anthropic’s request for temporary reprieve after the Pentagon’s designation of the company as a supply chain risk. In an order on Thursday, Judge Rita Lin of the District Court for the Northern District of California ordered a preliminary injunction against the Pentagon over the label. It also temporarily halts a directive from US President Donald Trump ordering federal agencies to stop using Anthropic’s chatbot, Claude. “Nothing in the governing statute supports the Orwellian notion that an American company may be branded a potential adversary and saboteur of the US for expressing disagreement with the government,” said Judge Lin. Read more
The bill proposes to prohibit government officials from using insider information to bet on prediction market contracts, with fines up to double the amount of profits. US lawmakers have introduced a second bill this week aimed at curbing prediction market insider trading by government officials, amid growing concerns over such activity on major platforms such as Kalshi and Polymarket. In an announcement on Thursday, US lawmakers Todd Young, Elissa Slotkin, John Curtis and Adam Schiff unveiled the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. "No one should be profiting off the information and knowledge gained as a public servant, period," Slotkin said, adding: "This bill is an important first step in placing common sense rules around prediction markets, and it has real teeth to ensure those who break these rules face real consequences." Read more