X Platform to Launch Disclosure Requirements for Paid Promotions Including Kalshi and Polymarket Ads

X allows crypto promotions but imposes regional bans; creators in the EU, UK, and Australia are restricted.

The social media platform X announced that it will allow crypto promotions with a "Paid Partnership" label, but it remains heavily regulated in regions such as the European Union, the UK, and Australia. Influencers are responsible for compliance and ensuring that users in restricted areas cannot see such content. This policy adjustment provides a new commercialization pathway for crypto KOLs and is accompanied by new financial service arrangements.

$500 million market boom forecast "big gamble on Iran," someone makes $510,000 through insider trading, the U.S. will angrily call for legislation to ban it

During the global financial market closure, over $529 million in funds flooded into the prediction market, with investors betting on a US-Israel airstrike on Iran. Six new accounts made precise bets before the airstrike and profited $1.2 million, triggering insider trading allegations. American lawmakers condemned such behavior and plan to introduce legislation to ban it. The CFTC has also issued a warning, emphasizing that such transactions may be illegal.

CONSOB orders the suspension of the SOLX token offering by Solaxy in Italy due to MiCA violations

The Italian financial regulator, CONSOB, ruled that Solaxy's $SOLX token sale violated EU's MiCA regulations by failing to disclose a whitepaper. They ordered an immediate halt to the sale and granted Solaxy 60 days to appeal.

Polymarket breaks $478 million in daily trading record after Iran airstrike

After the US and Israel conducted airstrikes on Iran, the prediction market platform Polymarket reached a new trading volume high, hitting $478 million in a single day, with political markets accounting for $220 million. Bubblemaps discovered at least six addresses profiting approximately $1.2 million, raising concerns about insider trading. Meanwhile, competitor Kalshi faced criticism for involving contracts related to Hamedani, despite its CEO claiming the contracts comply with CFTC regulations, the company is facing ethical challenges.

JPMorgan: The Crypto Market Structure Bill Is Expected to Be Approved Mid-Year and Will Serve as a Positive Catalyst in the Second Half of the Year

JPMorgan analysts expect the U.S. CLARITY Act to be approved by mid-year, serving as a positive catalyst for the market. The bill will provide regulatory clarity for the crypto market, promote innovation and institutional participation, and address controversies such as stablecoin yields and conflicts of interest, potentially bringing about eight positive impacts.

Mysterious Account Precisely Bets on Iran Strikes, Trump Camp Faces "Insider Trading" Allegations

Due to the global financial markets being closed, investors flooded into prediction markets and decentralized exchanges, attempting to bet on the impact of the US and Israel's attack on Iran. This subsequently sparked a public outcry, accusing insiders of profiting from insider information. Kalshi's CEO responded by saying they would refund the fees, but the user dissatisfaction has not been fully alleviated.