Kalshi built its reputation letting users trade on elections, inflation prints, and Fed decisions. Now it wants to be where traders speculate on Bitcoin prices with leverage.

The prediction market platform plans to launch perpetual futures tied to the prices of cryptocurrencies in the coming weeks, according to a Bloomberg report, citing a person familiar with the plans.

The move marks the first time Kalshi will offer a product outside its core event contract business and it puts the company in direct competition with some of the biggest names in crypto.

What happens when a platform built for betting on outcomes starts offering leveraged crypto trades? The answer matters for prediction…

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Bitcoin is nearing $79,000, supported by fresh hopes about a settlement in the Iran war.

Notable Statistics:

Coinglass data shows 100,948 traders were liquidated in the past 24 hours for $448.03 million.       

SoSoValue data shows net inflows of $11.8 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $43.4 million.

In the past 24 hours, top gainers include SPX6900, Pudgy Penguins and Sei.

Notable Developments:

Trader Notes:

Quantitative trader KillaXBT said Bitcoin’s recent move higher has been accompanied by a sharp increase in open interest. Long positions have built up primarily in the $75,000 to $77,500 range, while funding rates have cooled…

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Mining Expansion Boosts Capacity

American Bitcoin said it has activated approximately 11,298 additional mining machines at its Drumheller facility, adding about 3.05 exahashes per second (EH/s) of computing power at an efficiency of roughly 13.5 joules per terahash (J/TH).

The deployment completes a previously announced expansion plan.

Following the upgrade, American Bitcoin’s total fleet has grown to around 89,242 miners, delivering approximately 28.1 EH/s at an average efficiency of 16.0 J/TH.

The expansion underscores the company’s strategy of scaling hashrate while maintaining operational efficiency, with a focus on optimizing energy costs and deploying high-performance hardware.

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XRP (CRYPTO: XRP) is testing a key breakout zone as two technical patterns converge at the same trigger point, setting up a potential move to $1.70 if price breaks above $1.47.

The 4H Cup And Handle

The 4H chart shows a perfect cup and handle formed from March 21 to present. 

The cup scoops from $1.42 down to the $1.28 lows in early April and curves back up. The handle is consolidating right at the $1.45 neckline.

The measured move from this cup projects directly to $1.70. Current price at $1.4519 is sitting on the neckline trigger. A 4H close above $1.46 with volume activates this pattern.

The Daily Ascending Triangle

The ascending triangle that has been building since February’s lows is…

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Morgan Creek Capital CEO Mark Yusko said the CLARITY Act is “a horrible bill” written by big banks to delay the transition to better money, warning that if it passes, the crypto bear market could extend longer than expected.

The CLARITY Problem

Yusko told the Paul Barron Network that the CLARITY Act and GENIUS Act were written to forestall the inevitable transition to a system where people can be their own bank. 

He pointed to Bank of America (NYSE:BAC) CEO Brian Moynihan saying the bank would “lose trillions of dollars of deposits” if people could earn yield elsewhere.

“They’ve said the quiet part out loud,” Yusko said. “If you don’t pay people for their capital and they…

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