24H Hot Cryptocurrencies and Key News｜US Lawmakers to Propose Bill Banning Sports Predictions; SEC Introduces Innovative Exemption Mechanism (March 24)

1. Hot Tokens on CEX

Top 10 CEX Trading Volume and 24-hour Price Changes:

1. BNB +1.58%
2. BTC +3.88%
3. ETH +4.28%
4. SOL +5.47%
5. XRP +3.02%
6. DOGE +3.97%
7. PEPE +4.56%
8. PAXG -1.18%
9. TRX -1.13%
10. TAO +11.09%

24-hour Top Gainers (Data Source: OKX):

1. CSPR +36.58%
2. HUMA +17.60%
3. JTO +17.64%
4. ZRO +14.49%
5. AR +14.17%
6. APT +14.27%
7. WAXP +12.31%
8. NIGHT +12.15%
9. G +11.17%
10. FLOW +10.33%

24-hour Top Gainers for Tokenized Stocks (Data Source: msx.com):

1. QNTM.M: +33.93%
2. FFAI.M: +27.17%
3. FUFU.M: +23.72%
4. DEFT.M: +22.05%
5. AXTI.M: +20.58%
6. ASPI.M: +16.25%
7. LUNR.M: +15.37%
8. AAOI.M: +13.43%
9. HUT.M: +11.31%
10. VVPR.M: +11.23%

2. Top 5 On-chain Meme Tokens (Data Source: GMGN):

• AI
• Island
• Retard
• Paper
• GOON

Headlines

US Lawmakers to Introduce Bipartisan Bill Banning Sports Predictions on Prediction Markets Like Polymarket

US lawmakers are set to introduce a bipartisan bill that would prohibit prediction markets like Polymarket and Kalshi from offering predictions on sporting events. (WSJ)

SEC Submits Digital Asset and Fund Disclosure Rules to White House, Proposes Innovative Exemption Mechanism

The U.S. Securities and Exchange Commission has submitted two proposed rules to the White House Office of Management and Budget concerning disclosure requirements for the digital asset industry and for hedge funds and private equity funds, respectively. The digital asset proposal includes an “innovation exemption” mechanism, allowing relevant companies to be exempt from registering as regulated entities such as brokers or exchanges for a certain period. SEC Chairman Paul Atkins had previously postponed the effective date of the new rules related to Form PF to October 1.

Trump: Does Not Believe Son of Former Iranian Supreme Leader Khamenei is the Current Leader

Trump stated that he does not believe the son of former Iranian Supreme Leader Khamenei is the current leader. (Jin10)

Industry News

Iran’s Islamic Revolutionary Guard Corps Claims to Have Launched New Round of Attacks on Israel and US Military Bases

Iran’s Islamic Revolutionary Guard Corps stated that it has launched a new round of attacks on targets within Israel and US military bases in the region. (Jin10)

Iranian Media: No Direct or Indirect Contact Between Iran and the US

Iranian media Fars News, citing sources, reported that there is neither direct contact nor communication through intermediaries between Iran and the United States.

US Media: Trump Administration Assessing Possibility of Supporting Iranian Parliament Speaker to Take Power

The Trump administration is secretly assessing the possibility of Iranian Parliament Speaker Mohammad Bagher Ghalibaf as a potential partner, or even a future leader of Iran, marking a shift from military pressure to negotiation tactics. A government official described him as “a good option,” but emphasized that no decisions have been made yet. (Politico)

Project News

Polymarket Updates Market Integrity Rules, Strengthens Oversight of Insider Trading and Manipulation

Polymarket announced updates to its market integrity rules for its DeFi platform and its CFTC-regulated US exchange, further clarifying regulatory requirements for insider trading and market manipulation. The new rules detail three categories of prohibited conduct, including trading based on non-public information, establishing positions based on illegal information sources, and participation in trading by entities with the ability to influence event outcomes. The platform also launched a dedicated page for rule explanations and reporting of anomalous behavior.

Mizuho Slashes Gemini Price Target Significantly Due to Weak Trading Dragging Down Core Business

Investment bank Mizuho significantly lowered its price target for Gemini from $26 to $12, a reduction of over 50%, primarily due to weak performance in its trading business offsetting the benefits from credit card business growth. Analysts noted that weaker crypto asset prices and declining platform trading volume will limit Gemini’s short-term revenue growth, and compression in overall exchange valuation multiples also impacted the target price.

Financing

Former Kalshi Employees Plan to Raise $35 Million Prediction Market Fund, with Polymarket and Kalshi CEOs Participating

5c(c) Capital, a venture capital firm initiated by two former Kalshi employees, is planning to raise up to $35 million to invest in prediction market-related startups. The fund has received support from Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, among others. Other investors include individuals associated with a16z, Ribbit Capital, and Multicoin Capital. The fund plans to invest in about 20 companies over the next two years, focusing on prediction market infrastructure such as market makers and index design. (Fortune)

Voices

Trump: US and Iran Have Reached Major Consensus, May Hold Call Today and Advance Meeting

Trump stated that the US and Iran have engaged in “strong dialogue” and have reached a major consensus. He said Iran is willing to reach an agreement, and the US shares the same willingness, revealing that he may hold a phone call with Iran today to push for a meeting as soon as possible.

CZ: New Book “Binance Life” First Draft Completed, Expected to Be Released Soon

CZ posted on Binance Square, stating that the first draft of his new book has been completed and is expected to be released soon. The English title of the book is “Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance,” and the Chinese title is “Binance Life.”

This article is sourced from the internet: 24H Hot Cryptocurrencies and Key News｜US Lawmakers to Propose Bill Banning Sports Predictions; SEC Introduces Innovative Exemption Mechanism (March 24)

Related: Daily 10 AM Dump: Is Jane Street the Mastermind Behind Bitcoin’s Halving?

But why isn’t it? A federal lawsuit filed yesterday in Manhattan provides the answer. For the first time, let’s connect three things: a federal insider trading case linked to a private chat group called “Bryce’s Secret”; a program that consistently dumped Bitcoin to suppress its price at exactly 10 AM EST until late 2025; and an undisclosed derivatives book that may have turned the holdings of the world’s largest Bitcoin ETF into a tool for suppressing Bitcoin. All three threads lead to the same name: Jane Street Capital. The Intern It starts with an intern named Bryce Pratt. Bryce interned at Terraform Labs, the Singapore-based company behind the algorithmic stablecoin UST and its token, Luna. In September 2021, he left Terraform and joined Jane Street as a full-time employee. Jane…