Today in crypto, Onchain commodity trading is proving it’s more than a short-term spike, Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the prediction market operator violated state gambling laws with its products. Meanwhile, spot Bitcoin ETFs posted $296.18 million in weekly outflows.
Onchain commodity trading is here to stay, but liqui...
In the skeptical mode:
Onchain commodity trading is showing sustained growth and increased demand, particularly from individual traders in traditional finance. This growth is highlighted by record volumes on Hyperliquid's HIP-3 market, with commodities such as silver, WTI crude oil, Brent crude, gold, and equity indices seeing significant activity. However, liquidity remains a challenge for these markets compared to traditional venues.
Kalshi, a prediction market operator, is facing l...