Crypto

Bitcoin BTC $ 66,673.31 may have already priced in the effects of tighter monetary policy, leaving stocks more exposed to the latest macroeconomic shocks, according to asset manager Bitwise. The firm’s comments come as the cryptocurrency continues to correct below $70,000, down more than 23.7% year-to-date.

Canada’s federal government has moved to ban cryptocurrency donations to political campaigns, shutting down a fundraising channel that appears to have seen little to no real-world use in the country's previous elections. Bill C-25, the Strong and Free Elections Act, introduced March 26 , would prohibit political contributions made in BTC and other cryptoassets, as well as in money orders and prepaid payment products, grouping them as forms of funding that are difficult to trace.

Prediction market platform Kalshi has been cleared to offer margin trading to professional clients, a move designed to make its platform more appealing to institutional investors. The license, granted to Kalshi’s affiliate Kinetic Markets, allows it to operate as a futures commission merchant, according to a filing with the National Futures Association.

The state of Washington has become the latest to sue a prediction markets provider, after alleging Friday that Kalshi had violated state gambling laws through its products. According to the complaint , Washington has a tightly-regulated gambling market, including a ban on online gambling, but Kalshi's products bypass these regulations.