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Crypto

Ripple enters top 10 in U.S. private unicorn index, alongside SpaceX and OpenAI

Ripple has entered the top 10 of the Prime Unicorn Index, which tracks U.S. private unicorn companies, ranking sixth and standing as the only cryptocurrency firm in the group. The index includes 232 companies with a combined valuation of $3.433 trillion. Ripple Labs is listed at about $26.009 billion with a 5 percent weight. The index valuation differs from Ripple’s own $50 billion figure tied to a buyback and tender offer.

Crypto

HBO\'s John Oliver targets prediction markets, says manipulation is too easy and regulation is a void

HBO satire show \"Last Week Tonight with John Oliver\" criticised prediction market platforms, highlighting regulatory gaps and the ease of manipulation. Oliver cited Kalyshi and Polymarket and described betting on political statements or whether events occur. He also criticised the U.S. Commodity Futures Trading Commission for not adequately controlling contracts tied to risky events such as terrorism, assassination and war. The sector is growing fast, with forecasts it could reach $1 trillion by 2030.

Crypto

Charles Schwab and Citadel Securities eye entry into prediction markets

Global financial companies Charles Schwab and Citadel Securities have publicly raised the possibility of entering the fast-growing prediction markets, while drawing a line at sports-related products. Charles Schwab CEO Rick Wurster said the firm is likely to offer prediction markets in the long term but will not pursue areas such as sports, politics and pop culture. Citadel Securities President Jim Esposito said liquidity remains insufficient but the market may expand, while ruling out sports.