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Crypto

U.S. CLARITY crypto bill odds drop to 40 percent amid Trump conflict of interest row

Odds that the United States will pass the CLARITY bill, a crypto market structure measure, by year-end have fallen to about 40 percent, an outlook said. Democrats are amplifying concerns over President Donald Trump’s potential crypto conflict of interest, raising uncertainty around the bill. Polymarket reflects the reduced probability. Market activity slowed in the second quarter, while prediction markets and tokenised stocks grew. Security threats persisted, and Base said it is shifting strategy.

Crypto

Prediction markets grow but profits go to few

Prediction markets that let users bet on future events are expanding rapidly. Data show combined trading on Polymarket and Kalshi jumped to $24.2 billion in April from $1.8 billion a year earlier, and Kalshi raised $1 billion in a Series F round at a $22 billion valuation. Yet earnings are concentrated among a small group of professional traders, while most users lose money, according to a Wall Street Journal report.

Crypto

XRP raises possibility of repeating 2024 rally, with $8 target mentioned

An analysis says XRP is showing a price pattern similar to just before its late-2024 surge. Market analyst Tom said the current chart nearly overlaps the pre-rally pattern seen in 2024. XRP has slid to around $1.13 after breaking below a $1.27 to $1.31 support zone. Tom said a repeat could lift XRP back to $1.4 to $1.6, then above $7 and possibly to $8.1, with a $8.42 target cited.