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Crypto

Phantom launches Kalshi prediction market service in U.S., trades in stablecoin

Crypto wallet provider Phantom is offering U.S. users access to Kalshi’s prediction market service, The Block reported on Thursday. Users can trade contracts that bet on event outcomes directly in the Phantom app. The rollout begins on Thursday and will expand over several weeks. Users must complete Kalshi’s know-your-customer checks and fund trades with Phantom’s dollar-pegged stablecoin, Cash (CASH), which is converted to fiat for settlement.

Industry

Tesla Megapack supply sold out through 2027, production ramp speeds up

Most of Tesla\'s 2027 supply of its large energy storage system Megapack has been taken up, as demand rises, driven mainly by growth in AI data centres. The International Energy Agency expects global data centre power use to nearly double by 2030. Tesla has started production at its Texas Megapack plant and is strengthening its U.S. battery sourcing by shipping its first Megapack made only with LFP cells produced in Nevada.

Crypto

Coinbase launches ultra-short-term betting market: will bitcoin rise or fall in 15 minutes

Coinbase launched an ultra-short-term price prediction market for U.S. users covering 10 cryptocurrencies including bitcoin and ether. The contracts let users predict whether prices will rise or fall over 15-minute or 1-hour intervals. Coinbase CEO Brian Armstrong announced the launch, saying users can choose the asset, time window and direction. The market is operated by Kalshi under U.S. CFTC regulation, with Coinbase Financial Markets providing the contracts.