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Kalshi Awaits a Crucial Decision on Election Prediction Markets Kalshi, a CFTC-regulated prediction market platform, is facing a significant legal moment. After a court victory over regulators, the company is still waiting for final approval to list its prediction markets for the upcoming U.S. elections. On Monday, Judge Jia Cobb from the U.S. District Court scheduled a hearing for Thursday and issued a temporary stay on her previous ruling, which would have allowed Kalshi to offer event contracts on which political party will control each house of Congress post-election. The U.S. Commodity Futures Trading Commission (CFTC) had previously blocked Kalshi from listing these contracts, citing concerns about the potential effects of large-scale election betting. With bets potentially reaching $100 million, the CFTC worried about the impact on the integrity of the elections. Kalshi challenged this, and last Friday, Judge Cobb ruled in their favor. However, her reasoning remains under wraps until she releases her opinion. The CFTC has since filed an emergency motion, requesting a 14-day stay to allow time for potential appeal. Depending on Thursday's hearing outcome, Kalshi might still be able to list these markets as soon as Friday. However, if the CFTC’s motion is granted, Kalshi could face further delays, missing out on this election cycle. Kalshi is currently the only CFTC-regulated prediction market in the U.S., competing against others like PredictIt and Polymarket. Both platforms have leveraged their regulatory advantages, especially as Kalshi has fought legal battles, giving them a chance to capture market share. All eyes are on Thursday’s hearing to determine Kalshi's fate in the election prediction space. hi #TON #TelegramCEO #LowestCPI2021 #TelegramCEO #Write2Earn! $CFX
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Strategy hopping in trading refers to when a trader frequently changes their approach after a loss or short period without desired results. Instead of sticking with one strategy and giving it time to prove itself, the trader jumps from one method to another in search of a quick success in the market. 📊 Why does strategy hopping happen? 1. Impatience Traders may feel frustrated if their strategy doesn’t show immediate positive results, leading them to seek alternatives. 2. Influence of new information Constant exposure to new advice or insights can make traders question their current strategy, prompting them to switch. 3. Psychological pressure Fear of loss or the desire for quick profits can push traders to constantly look for new strategies. 4. Lack of confidence If a trader experiences multiple losses, they may lose confidence in their strategy and feel the need to find a new one. 📊 Negative effects of strategy hopping: 1. Instability Constantly changing strategies prevents consistent performance and makes it harder to learn from mistakes, leaving traders stuck in a cycle of uncertainty. 2. Loss of long-term vision Every strategy requires time to show its full potential. Rapidly shifting between strategies makes it impossible to benefit from long-term success. 3. Increased costs Frequent changes often come with extra costs, whether it's time spent learning or money invested in new tools, courses, or indicators. 4. Psychological stress Continuous change can lead to mental strain, tension, and a loss of confidence, all of which can hurt decision-making and overall trading success. #TelegramCEO #TelegramCEO #LowestCPI2021 #SahmRule #Web3Eco $BTC
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Is XRP Primed for a Bullish Breakout? 🚀 Despite a recent dip, XRP has gained 0.66% in the last 24 hours, and experts are eyeing a potential “huge squeeze” on the horizon. XRP has dropped 5.29% since Monday, showing some weakness compared to other cryptos, but that hasn’t dampened trader interest. With a 25.23% rise in 24-hour trading volume, hitting $615 million, the market is buzzing with anticipation. According to trader Crypto Michael, the XRP/BTC chart is forming a massive squeeze, with an ascending triangle pattern building since mid-July. If XRP breaks through the tough $0.55 resistance, we could see a major pump. The XRP/USDT chart also suggests an imminent breakout as it moves within a falling wedge pattern. Indicators are pointing toward increased volatility, but momentum is building: RSI stands bullish at 60 Chaikin Money Flow (CMF) shows increased buying pressure at +0.1 MACD remains bullish, signaling another upward push With Ripple hinting at the potential launch of its stablecoin this year, fundamentals could be the final spark for XRP’s next move. Keep an eye on that $0.55 level—if it breaks, things could get exciting. #XRP #Ripple #CPI_BTC_Watch #PowellAtJacksonHole #CryptoBreakout $XRP
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Price Alert: $DOGS Approaching Critical Levels! 🚨 $DOGS is on the rise, but be cautious—this could be a classic price trap! The peak is expected to land between $0.0011300 and $0.0011700, forming a temporary ceiling before a potential sharp dip. 📉 This is where smart traders find opportunity. Keep your eyes on the support level, stay flexible, and get ready to pivot for the next big move! 🔍💥 🚀 @dappOS_com is soaring to new heights! 🚀 DappOS is breaking records and showing unstoppable momentum. 📈 With key breakout levels approaching, this could be your chance to ride the wave. Don’t miss out—this thrilling run has just begun! 🌐🌟 Hold tight, traders. The market action is heating up! 🔥 #BNBChainMemecoins #dappOstheFutureIntents #BinanceWeb3Wallet #TelegramCEO #doge⚡ $DOGS
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Crypto Market Faces $124 Million in Liquidations Over 24 Hours The cryptocurrency market witnessed significant liquidations in the last 24 hours, totaling $124 million, according to BlockBeats and data from Coinglass. Out of this, $28.41 million came from long positions, while a staggering $95.36 million was from short positions. This sharp shift highlights the ongoing volatility in the market, leaving both long and short traders scrambling. #CryptoMarket #Liquidations #CryptoVolatility #MarketTrends #BinanceUpdates
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