Bafang | Crypto Hot Topics 10.28
The Fed’s rate decision is at 2 a.m. tonight. The market is holding its breath, but the news cycle isn’t slowing down 👇
🎯 Prediction markets face a “jurisdiction battle”
The CFTC has formally sued Utah to stop the state from using gambling laws to shut down federally registered prediction markets. The CFTC says it has launched similar cases against another nine states. With regulators stepping in to defend the sector, its position is getting stronger.
📊 Robinhood Q3 results: Prediction market revenue surpasses crypto
🔸 Event contract revenue: $173 million, up more than 6x year over year
🔸 Crypto trading revenue: $120 million, down 55% year over year and up 20% quarter over quarter. Its own chain, Robinhood Chain, contributed $26 million in its first quarter.
🔸 Profit fell short of expectations; shares dropped about 7% after hours.
💰 Galaxy returned to profitability in Q3, with net income of $323 million and an additional $200 million in buybacks.
🔗 CF Benchmarks launched CFB Oracle, an onchain oracle, on Ethereum, HyperEVM, and Robinhood Chain. Kraken’s parent company plans to use it to price US perpetual contracts based on Hyperliquid, subject to regulatory approval. $HYPE adds another chapter to the narrative.
📅 The next 48 hours: Fed decision and Warsh press conference tonight → US GDP and PCE on Thursday → $BTC large options expiry on Friday, with Coinbase and Strategy earnings early Friday morning.
💬 Bafang’s take: Retail interest in crypto trading is cooling, but money betting on events is growing. Prediction markets are moving from a niche activity to a major source of brokerage revenue. This trend is worth watching over the long term.
Would you rather try prediction markets or keep trading futures? Share your thoughts in the comments 👇
(For informational purposes only; not investment advice.)
#币圈热点 #预测市场 #FedRateDecision
The Fed’s rate decision is at 2 a.m. tonight. The market is holding its breath, but the news cycle isn’t slowing down 👇
🎯 Prediction markets face a “jurisdiction battle”
The CFTC has formally sued Utah to stop the state from using gambling laws to shut down federally registered prediction markets. The CFTC says it has launched similar cases against another nine states. With regulators stepping in to defend the sector, its position is getting stronger.
📊 Robinhood Q3 results: Prediction market revenue surpasses crypto
🔸 Event contract revenue: $173 million, up more than 6x year over year
🔸 Crypto trading revenue: $120 million, down 55% year over year and up 20% quarter over quarter. Its own chain, Robinhood Chain, contributed $26 million in its first quarter.
🔸 Profit fell short of expectations; shares dropped about 7% after hours.
💰 Galaxy returned to profitability in Q3, with net income of $323 million and an additional $200 million in buybacks.
🔗 CF Benchmarks launched CFB Oracle, an onchain oracle, on Ethereum, HyperEVM, and Robinhood Chain. Kraken’s parent company plans to use it to price US perpetual contracts based on Hyperliquid, subject to regulatory approval. $HYPE adds another chapter to the narrative.
📅 The next 48 hours: Fed decision and Warsh press conference tonight → US GDP and PCE on Thursday → $BTC large options expiry on Friday, with Coinbase and Strategy earnings early Friday morning.
💬 Bafang’s take: Retail interest in crypto trading is cooling, but money betting on events is growing. Prediction markets are moving from a niche activity to a major source of brokerage revenue. This trend is worth watching over the long term.
Would you rather try prediction markets or keep trading futures? Share your thoughts in the comments 👇
(For informational purposes only; not investment advice.)
#币圈热点 #预测市场 #FedRateDecision