Tag: CRYPTOS FoxBusiness.

A former contender for governor of California has been banned from Kalshi after betting on his own candidacy last year in violation of insider trading rules, the prediction market platform said on Wednesday.

According to a statement from Kalshi’s head of enforcement, Robert DeNault, the politician bet about $200 on his candidacy for governor of California and posted about it on X, leading to a five-year suspension on the prediction market platform and a $2,000 penalty.

Kalshi did not name the politician, but said he is no longer running for governor and is now running for Congress.

The description appears to fit Kyle Langford, a former Republican turned Democrat who is now running for election to the US House to represent the California’s 26th Congressional District.

Source: Kyle Langford

In an X post published on May 25, 2025, Langford shared a video of himself placing the bet on Kalshi, putting $98.76 on the odds of him winning.

Kalshi said the account did not withdraw any profits and that the case was reported to the CFTC.

Cointelegraph reached out to Langford for further comment but didn’t receive an immediate response.

Meanwhile, Kalshi said it also handed out penalties to a YouTube editor who traded about $4,000 on YouTube stream markets between August and September 2025 — also violating Kalshi’s insider trading rules, resulting in a two-year penalty and a roughly $20,000 fine.

“Our surveillance systems flagged his near-perfect trading success on markets with low odds, which were statistically anomalous,” said Kalshi, which, with the help of other traders on the platform, identified where he worked and concluded that he likely had access to material non-public information.

While Kalshi didn’t name the YouTube editor, mainstream media have widely reported that to be Artem Kaptur, an employee of the popular YouTuber MrBeast.

Source: Tarek Mansour

Kalshi, a Commodity Futures Trading Commission-regulated platform, said it has investigated 200 cases and frozen several flagged accounts. It has more than a dozen active cases.

Earlier this month, Kalshi strengthened its surveillance efforts by establishing a surveillance audit committee and partnering with crypto trading surveillance platform Solidus Labs to “detect, investigate, and address market abuse.”

Those efforts come in response to an uptick in regulatory scrutiny of prediction markets as they enter the mainstream.

US lawmakers introduced a bill last month to restrict trading by government insiders after one Polymarket user made over $400,000 on bets tied to Venezuelan President Nicolás Maduro, placing wagers hours before US forces captured him in Caracas.

CFTC sends strong warning to future violators

On Thursday, CFTC Chair Mike Selig said the agency established a prediction markets advisory to collaborate with industry participants in efforts to catch insider traders.

Selig warned that those engaging in insider trading will face consequences:

“Let me be clear: if you attempt to engage in manipulation, fraud, or insider trading, we will find you and take action.”

Based on the 30-day Market Value to Realized Value (MVRV) Ratio, Ethereum ($ETH) is mildly undervalued at -5.5%. Bitcoin ($BTC), $XRP ($XRP), and Chainlink ($LINK) remain neutral at -1.4%, -0.1%, and +3.3%, respectively. By contrast, Cardano (ADA) is mildly overvalued, with an MVRV ratio of +6.8%.

Source: Santiment

Bitcoin and the wider crypto market showcase a bullish trend reversal

The past day has seen an upward trend reversal in the broader cryptocurrency ecosystem, despite recent bearish momentum and sentiment.

Data shows that the average Moving Average Convergence Divergence (MACD) indicator has slightly surpassed its 9-day average, indicating a weak bullish momentum reversal.

$BTC was up 7.78% in the past day to trade at $69,050 as $ETH gained 13.31% to reclaim its $2,000 psychological level. Meanwhile, $XRP and $LINK gained +9.37% and 16.07%, respectively. Uniquely, Cardano has experienced a striking 20.07% upsurge to trade at $0.3115.

Source: CoinMarketCap

Events leading up to the recent crypto rally

Tech company Nvidia recently reported record-breaking earnings driven by demand in artificial intelligence (AI). Due to the strong correlation (98%) of crypto with the S&P 500, the news fueled renewed risk appetite in investors of both stocks and crypto.

Capital rotation from $BTC to altcoins has contributed to their recent rallies as investors seek higher returns from riskier assets. Bitcoin dominance is now at 58-60%, while the Altcoin Season Index reads 34/100, indicating a mixed market for Bitcoin and Altcoins.

This week, Bitcoin ETFs saw $257.7M in net inflows, effectively ending a five-week outflow streak.

Near-term market outlook

At press time, the overall crypto market cap totaled $2.38 trillion, having gained 7.50% in the last 24hours.

Should the current rally hold, the crypto market could test the $2.59T (50% Fibonacci) level. Falling below $2.35T (78.6% Fib) would indicate a loss in momentum, validating a weak bullish theory.

Based on the 30-day Market Value to Realized Value (MVRV) Ratio, Ethereum ($ETH) is mildly undervalued at -5.5%. Bitcoin ($BTC), $XRP ($XRP), and Chainlink ($LINK) remain neutral at -1.4%, -0.1%, and +3.3%, respectively. By contrast, Cardano (ADA) is mildly overvalued, with an MVRV ratio of +6.8%.

Source: Santiment

Bitcoin and the wider crypto market showcase a bullish trend reversal

The past day has seen an upward trend reversal in the broader cryptocurrency ecosystem, despite recent bearish momentum and sentiment.

Data shows that the average Moving Average Convergence Divergence (MACD) indicator has slightly surpassed its 9-day average, indicating a weak bullish momentum reversal.

$BTC was up 7.78% in the past day to trade at $69,050 as $ETH gained 13.31% to reclaim its $2,000 psychological level. Meanwhile, $XRP and $LINK gained +9.37% and 16.07%, respectively. Uniquely, Cardano has experienced a striking 20.07% upsurge to trade at $0.3115.

Source: CoinMarketCap

Events leading up to the recent crypto rally

Tech company Nvidia recently reported record-breaking earnings driven by demand in artificial intelligence (AI). Due to the strong correlation (98%) of crypto with the S&P 500, the news fueled renewed risk appetite in investors of both stocks and crypto.

Capital rotation from $BTC to altcoins has contributed to their recent rallies as investors seek higher returns from riskier assets. Bitcoin dominance is now at 58-60%, while the Altcoin Season Index reads 34/100, indicating a mixed market for Bitcoin and Altcoins.

This week, Bitcoin ETFs saw $257.7M in net inflows, effectively ending a five-week outflow streak.

Near-term market outlook

At press time, the overall crypto market cap totaled $2.38 trillion, having gained 7.50% in the last 24hours.

Should the current rally hold, the crypto market could test the $2.59T (50% Fibonacci) level. Falling below $2.35T (78.6% Fib) would indicate a loss in momentum, validating a weak bullish theory.

Based on the 30-day Market Value to Realized Value (MVRV) Ratio, Ethereum ($ETH) is mildly undervalued at -5.5%. Bitcoin ($BTC), $XRP ($XRP), and Chainlink ($LINK) remain neutral at -1.4%, -0.1%, and +3.3%, respectively. By contrast, Cardano (ADA) is mildly overvalued, with an MVRV ratio of +6.8%.

Source: Santiment

Bitcoin and the wider crypto market showcase a bullish trend reversal

The past day has seen an upward trend reversal in the broader cryptocurrency ecosystem, despite recent bearish momentum and sentiment.

Data shows that the average Moving Average Convergence Divergence (MACD) indicator has slightly surpassed its 9-day average, indicating a weak bullish momentum reversal.

$BTC was up 7.78% in the past day to trade at $69,050 as $ETH gained 13.31% to reclaim its $2,000 psychological level. Meanwhile, $XRP and $LINK gained +9.37% and 16.07%, respectively. Uniquely, Cardano has experienced a striking 20.07% upsurge to trade at $0.3115.

Source: CoinMarketCap

Events leading up to the recent crypto rally

Tech company Nvidia recently reported record-breaking earnings driven by demand in artificial intelligence (AI). Due to the strong correlation (98%) of crypto with the S&P 500, the news fueled renewed risk appetite in investors of both stocks and crypto.

Capital rotation from $BTC to altcoins has contributed to their recent rallies as investors seek higher returns from riskier assets. Bitcoin dominance is now at 58-60%, while the Altcoin Season Index reads 34/100, indicating a mixed market for Bitcoin and Altcoins.

This week, Bitcoin ETFs saw $257.7M in net inflows, effectively ending a five-week outflow streak.

Near-term market outlook

At press time, the overall crypto market cap totaled $2.38 trillion, having gained 7.50% in the last 24hours.

Should the current rally hold, the crypto market could test the $2.59T (50% Fibonacci) level. Falling below $2.35T (78.6% Fib) would indicate a loss in momentum, validating a weak bullish theory.

Based on the 30-day Market Value to Realized Value (MVRV) Ratio, Ethereum ($ETH) is mildly undervalued at -5.5%. Bitcoin ($BTC), $XRP ($XRP), and Chainlink ($LINK) remain neutral at -1.4%, -0.1%, and +3.3%, respectively. By contrast, Cardano (ADA) is mildly overvalued, with an MVRV ratio of +6.8%.

Source: Santiment

Bitcoin and the wider crypto market showcase a bullish trend reversal

The past day has seen an upward trend reversal in the broader cryptocurrency ecosystem, despite recent bearish momentum and sentiment.

Data shows that the average Moving Average Convergence Divergence (MACD) indicator has slightly surpassed its 9-day average, indicating a weak bullish momentum reversal.

$BTC was up 7.78% in the past day to trade at $69,050 as $ETH gained 13.31% to reclaim its $2,000 psychological level. Meanwhile, $XRP and $LINK gained +9.37% and 16.07%, respectively. Uniquely, Cardano has experienced a striking 20.07% upsurge to trade at $0.3115.

Source: CoinMarketCap

Events leading up to the recent crypto rally

Tech company Nvidia recently reported record-breaking earnings driven by demand in artificial intelligence (AI). Due to the strong correlation (98%) of crypto with the S&P 500, the news fueled renewed risk appetite in investors of both stocks and crypto.

Capital rotation from $BTC to altcoins has contributed to their recent rallies as investors seek higher returns from riskier assets. Bitcoin dominance is now at 58-60%, while the Altcoin Season Index reads 34/100, indicating a mixed market for Bitcoin and Altcoins.

This week, Bitcoin ETFs saw $257.7M in net inflows, effectively ending a five-week outflow streak.

Near-term market outlook

At press time, the overall crypto market cap totaled $2.38 trillion, having gained 7.50% in the last 24hours.

Should the current rally hold, the crypto market could test the $2.59T (50% Fibonacci) level. Falling below $2.35T (78.6% Fib) would indicate a loss in momentum, validating a weak bullish theory.

Bitcoin $BTC$68,329.60 snapped back near $69,000 on Wednesday, rallying more than 10% from Tuesday’s low as crypto markets staged a broad relief rally after a prolonged stretch of pessimism.

Ethereum’s ether (ETH), DOGE$0.1031, native tokens of Solana (SOL) and ADA$0.3010 all posted double-digit gains, extending a move that caught many traders leaning the wrong way.

Digital asset stocks, battered lower in the past months amid falling crypto prices, also enjoyed a relief rally. Stablecoin issuer Circle (CRCL) surged 34% after its earnings report, while crypto exchange Coinbase (COIN) jumped 14%. Strategy (MSTR), the largest corporate holder of bitcoin, climbed 9%, and the ether treasury firm BitMine advanced 12%.

The broad-based rally offered a welcome reprieve after weeks of persistent selling pressure and dread of a next leg lower.

Still, analysts cautioned that despite the sharp bounce across tokens and equities, crypto markets are not out of the woods yet, with key resistance levels and macro risks still looming.

While there was no immediate catalyst behind the Wednesday move, extreme fear and bearish positioning across crypto markets were prime conditions for a violent countertrend advance, according to Joel Kruger, market strategist at LMAX Group.

“Crypto assets have been heavily pressured in recent months and overdue for a technical bounce,” he wrote. “The market had built up a meaningful tactical short bias, leaving it vulnerable to sharp squeezes on limited headlines.”

Still, Kruger cautioned against calling the rebound the start of a durable uptrend yet.

“Given the abrupt nature of the rally and the absence of a clear trigger — particularly against the backdrop of thinner liquidity conditions — the advance should be treated with caution,” he said.

Chasing the rally

Joshua Lim, global co-head of markets at FalconX, said his desk is seeing heavy demand for bullish bets on ether in the options market. Specifically, traders are buying call options and call spreads in the $2,000–$2,200 range over the next two to three weeks, seeking to profit from further near-term upside.

Lim added that some funds are also “chasing this rally” by rotating into higher-volatility altcoins and using options to amplify potential gains — a sign that risk appetite has picked up quickly after the recent rebound.

Adding some complexity, roughly 115,000 $BTC options worth $7.49 billion will expire Friday at month-end. The so-called “max pain” — the price level where the largest number of options expire worthless — currently is at around $75,000, Wintermute OTC trader Jasper De Maere noted. The “max pain” point can sometimes act as a magnetic level into expiry, though dealer positioning appears weak, he said.

“Fundamental indicators still remain unconvincing that this strength will see much follow through,” De Maere added.

Levels to watch

Technically, bitcoin faces stiff resistance in the $70,000 and $72,000 zone, where recent rallies have stalled as sellers stepped in. Overcoming those levels would be the first challenge in turning the bounce into a durable move higher.

Bitfinex analysts also pointed to $78,000, where the “True Market Mean,” an onchain valuation metric to estimate bitcoin’s fair value based on actual capital flows into the network, currently sits.

That level must be reclaimed on a sustained weekly basis before the structural picture improves, Bitfinex analysts said.

Perplexity AI, the search-focused artificial intelligence company, today unveiled Perplexity Computer, a platform designed to consolidate multiple AI functions into a single system capable of handling projects from conception through completion.

Introducing Perplexity Computer.

Computer unifies every current AI capability into one system.

It can research, design, code, deploy, and manage any project end-to-end. pic.twitter.com/dZUybl6VkY

— Perplexity (@perplexity_ai) February 25, 2026

The new tool aims to let users conduct research, create designs, write code, launch applications, and oversee ongoing operations without switching between separate services.

Perplexity has steadily expanded its product suite over the past year. In late October 2025, the company introduced Perplexity Patents, an AI‑powered research tool that uses natural‑language queries to help users navigate global patent and intellectual property filings.

The firm also struck a partnership with Samsung to embed its technology across Galaxy devices as a voice-activated assistant branded “Hey Plex.”

On the commerce side, the company introduced an in‑app shopping feature that lets U.S. Pro users purchase products directly through Perplexity, powered in part by integrations with platforms such as Shopify.

Perplexity has abandoned its advertising experiments in favor of a subscription‑centric revenue model, which executives say better supports user trust and the perceived neutrality of its answers.

Bitcoin surged more than 6% on Wednesday, climbing past $68,000 as a broader crypto rebound swept through the market.

The rally lifted major altcoins, with Ethereum rising nearly 11% to around $2,050, Solana gaining 11% to $88, and XRP advancing 7.5% to near $1.45. Filecoin led large-cap gainers, up 23% in the past 24 hours, followed by Polkadot at 22% and Aptos at 19%.

The move coincided with strength in equities. The S&P 500 gained 0.7% by midday, while the Nasdaq rose 1%, signaling renewed correlation between crypto and traditional markets after a period in which digital assets moved largely in isolation and primarily to the downside.

Commodities also advanced, with gold up 1.3%, surging past $5,200, and silver surging 4.2% to reclaim the $90 level.

The rally triggered nearly $80M in liquidations in the past hour and more than $429M over the past 24 hours, the majority tied to short positions, according to Coinglass data.

Crypto-related equities followed spot prices higher after Circle reported earnings that beat expectations earlier in the day.

Circle shares jumped more than 28%, while Coinbase gained 13%, Figure rose 12%, and Galaxy advanced 8%. Crypto treasury companies also moved higher, with Strategy up 8%, BitMine up 12%, and SharpLink up 12%. Miners posted gains as well, with WULF up 5%, MARA up 9%, and CleanSpark up 4%.