Search results for CF
Crypto
Kalshi seeks approval to trade XRP, SHIB perpetual futures in U.S.
Kalshi is seeking U.S. approval to trade perpetual futures contracts based on XRP and Shiba Inu (SHIB). According to The Crypto Basic, Kalshi submitted multiple crypto perpetual futures contracts to the U.S. Commodity Futures Trading Commission under a self-certification process. The filing also includes Solana, Stellar, Ethereum and Dogecoin. The proposed contracts are designed for 24/7 trading and include funding-rate mechanics and position limits, while CFTC review remains pending.
Games & Commerce
Neowiz Q1 operating profit falls 32 percent, speeds development of \'Lies of P\' sequel and other titles
Neowiz posted double-digit sales growth in the first quarter on the strength of mobile game hits and stable performance from core intellectual property, but operating profit fell 32 percent to 7.0 billion won. First-quarter sales rose 14 percent to 101.4 billion won and net profit was 15.5 billion won on foreign exchange gains. The company plans events around key IP in the second quarter and is accelerating development of a \'Lies of P\' sequel and other projects.
Crypto
Cathie Wood calls bitcoin essential asset for portfolio diversification
Ark Investment Management CEO Cathie Wood said bitcoin will play an increasingly important role in institutional investor portfolios and is a valuable diversification tool, citing its low correlation with major asset classes. Ark data show bitcoin’s correlation with stocks, bonds and gold has weakened since 2020. Wood has forecast bitcoin could reach $1.5 million by 2030. Other market participants offered differing allocation views, including recommendations for reduced bitcoin exposure and increased allocations.