Telo News – Crypto | DeFi | Web3

Connecticut’s Department of Consumer Protection has ordered Robinhood, Crypto.com, and the prediction market Kalshi to stop selling sports event contracts and allow residents to withdraw their funds.

Now, the U.S. states that have issued cease-and-desist orders against Kalshi’s sports prediction market are Nevada, Connecticut, New Jersey, Arizona, Maryland, Illinois, Montana, Ohio, New York, and Massachusetts.

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Binance co-founder Yi He has been appointed co-CEO.

https://telo.im/post/CoinDeskGlobal/18950

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U.S. banking giant Bank of America reportedly plans to support a strategy that adds up to 4% in cryptocurrencies to wealth management clients’ portfolios starting next year.

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U.S. prediction market platform Kalshi has launched on-chain event contracts traded on the Solana blockchain.

https://x.com/kalshi/status/1995585557930672473?s=46&t=b21p8GS4cMR3IiE23APAxw

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As Japan’s 10-year government bond yield rose to 1.84%, the highest since 2008, investors worldwide pared risk assets, with crypto’s market capitalization falling about 5% over 24 hours.

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The People’s Bank of China announced it will once again tighten its crackdown on cryptocurrency trading, which has been banned since 2021, citing a resurgence of speculation and the need for risk control.

The bank reaffirmed that cryptocurrencies such as Bitcoin are not legal tender and that related business activities constitute illegal financial activities.

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