The team behind the decentralized trading platform P2P.me recently revealed its involvement in the Polymarket prediction market concerning its capital raise. According to Cointelegraph, the team opened positions 10 days before the fundraising went live, betting on whether the project would achieve its $6 million target. At that time, P2P.me had only an oral commitment from venture firm Multicoin Capital for $3 million, with no signed agreements or guaranteed allocations. Despite these efforts, the project raised only $5.2 million, leading to a resolution of 'no' in the market. The P2P.me team acknowledged the potential trust issues arising from trading on an outcome they could influence. They stated, 'Trading on an outcome you can influence erodes trust. We don't believe we were trading on a done deal, but we recognize reasonable people can see it differently.' The team also mentioned that any profits from the prediction market would be directed to the project's MetaDAO treasury, which governs the platform. Additionally, they are liquidating all open positions on Polymarket and implementing a formal policy on prediction market trading. Cointelegraph attempted to contact P2P.me for further comments on the disclosure but did not receive a response by the time of publication. Meanwhile, prediction markets are facing increased scrutiny from U.S. lawmakers due to concerns over insider trading. In response, platforms like Polymarket and Kalshi have announced measures to address these issues. U.S. lawmakers are particularly focused on restricting insider trading in markets related to elections, legislation, and geopolitical matters with national security implications. In a move to address these concerns, Congress members Adrian Smith and Nikki Budzinski introduced the 'Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act,' or the PREDICT Act, on Wednesday. This legislation aims to prohibit the U.S. President and lawmakers from participating in prediction markets. A competing bill was also introduced on Thursday, targeting political insider trading on prediction market platforms. These legislative efforts highlight the growing attention on ensuring transparency and fairness in prediction markets.

Circle's stock experienced a significant decline, falling 20% following reports suggesting that the draft language of the CLARITY Act might impose restrictions on stablecoin rewards. According to NS3.AI, this development has raised concerns among investors about the potential impact on the stablecoin market. In other news, Deloitte Canada and Stablecorp are collaborating to prepare Canadian banks for the implementation of QCAD-based payment and settlement systems. This initiative comes as the financial sector anticipates new regulatory frameworks that could affect digital currency transactions.

P2P.me has announced its decision to liquidate all open positions on Polymarket, a move that comes after the company engaged in prediction market trading prior to its recent fundraising round. According to NS3.AI, the team had opened these positions 10 days before the launch of its $6 million fundraising initiative, speculating on the project's success in reaching its financial target. In response to this activity, P2P.me plans to implement a formal company policy governing prediction market trading to ensure transparency and integrity in future operations.

California Governor Gavin Newsom has issued an executive order prohibiting state appointees from leveraging non-public information for profit on prediction market platforms. According to NS3.AI, this move comes as lawmakers introduced the PREDICT Act earlier this week, which mandates violators to forfeit profits and incur a 10% penalty. Additionally, Polymarket and Kalshi have implemented stricter regulations as their combined monthly trading volume exceeded $20 billion for the first time this month.

Stocks experienced a significant decline of 1.7% today, marking the fifth consecutive week of losses. New York Times posted on X, highlighting investor frustration with the ongoing conflict in Iran as a key factor contributing to the market downturn. This marks the longest streak of weekly losses in approximately four years, reflecting heightened market volatility and uncertainty.

Morgan Stanley has proposed a 14-basis-point fee for its spot bitcoin ETF, as outlined in an amended S-1 filing. According to NS3.AI, this fee is lower than the typical 15–25 basis point range charged by similar funds. The filing follows a listing notice from the New York Stock Exchange for MSBT, indicating that the product could commence trading swiftly upon regulatory approval. If approved, this would mark the first spot bitcoin ETF issued directly by a major U.S. bank.

A significant development in the cryptocurrency market has been reported as 250 million USDC tokens were newly minted at the USDC Treasury. According to NS3.AI, this minting event could have implications for the stablecoin's liquidity and market dynamics. The creation of new tokens often signals increased demand or strategic financial maneuvers within the digital currency ecosystem. Market participants will be closely monitoring the impact of this minting on USDC's circulation and its potential effects on the broader crypto market.

Wall Street Journal (Markets) posted on X that investors on Wall Street are bracing for potential economic repercussions from the ongoing conflict with Iran. The market sentiment suggests that traders are preparing for further volatility, as geopolitical tensions continue to influence financial markets. Analysts are closely monitoring developments, anticipating that the situation could lead to significant shifts in investment strategies and market dynamics. The uncertainty surrounding the conflict has prompted investors to adopt a cautious approach, with many seeking safe-haven assets to mitigate risks. As the situation evolves, market participants remain vigilant, assessing the potential long-term impacts on global trade and economic stability.

U.S. President Donald Trump engaged in a conversation with Indian Prime Minister Narendra Modi regarding the ongoing conflict in Iran. According to NS3.AI, the discussion also included Tesla CEO Elon Musk. The call was described as a significant dialogue involving key global leaders addressing the situation in Iran.

Jeremy Antuan Boria Fraticelli has been sentenced for his involvement in a bank fraud scheme that siphoned over $3 million from customers across three counties in Pennsylvania. According to NS3.AI, Fraticelli will serve a prison term ranging from one year minus one day to 23 months, followed by five years of probation. Additionally, he has been ordered to pay more than $537,000 in restitution.

The war with Iran has become the strongest geopolitical shock to the global energy market since the Gulf War in 1990.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Hyperliquid capitalized on this geopolitical market trend with its commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to becoming a true alternative to traditional financial infrastructure, and this trend is only just beginning.

The release of the guidelines has ushered in a new phase for US crypto regulation.

When the United States decided to replace the 50 states with Washington, AI entrepreneurs gained a wider door—but no one told them who held the key to that door.

SpaceX is reshaping Wall Street's traditional underwriting logic with an unprecedented IPO plan.

When the U.S. District Court for the Southern District of New York dismissed Binance's "aiding and abetting terrorism" lawsuit on the grounds of "failure to prove a direct link," the significance of this case went far beyond a mere judgment.

Claude, Claude's Comprehensive User Guide (Golden Finance): Claude's capabilities have long since extended beyond just chatting.

Elon Musk’s X has hired Benji Taylor, a designer with extensive crypto experience, as its new head of design. Taylor previously led product and design at Aave Labs and Coinbase’s Base, bringing deep expertise in crypto and financial products to X.

Tether's suspension of its fundraising plans, the initiation of a comprehensive audit, and the advancement of the latest draft of the Clarity Act all indicate that the stablecoin market will become increasingly competitive in terms of compliance.