Sources: U.S. Treasury Secretary Bessent likely to take on role of 'AI Tsar'

According to a Wall Street Journal report, a source familiar with the matter disclosed that the U.S. Commodity Futures Trading Commission (CFTC) is investigating prediction market Kalshi for wash trading. Earlier allegations claimed that since August, Kalshi traders have executed nearly 1 million trades in the Ethereum futures market, each for nearly identical amounts. This unusual activity has caught the attention of federal regulators and market participants. In a blog post, Kalshi asserted that no fake trades occur on its platform, noting that recurring quotes are fixed prices posted by market makers, which faster traders take advantage of. Kalshi co-founder Luana Lopes Lara told The Wall Street Journal in an interview that it is not unusual for exchanges to attract large traders to new markets to boost broader adoption. "Any market trying to launch new products and new businesses will go through this process," she said. "It’s very normal."

After losing $35.44M shorting $ZEC, Garrett Jin(@GarrettBullish) tried to chase the rally and go long on $ZEC 7 hours ago, but quickly closed the position, taking another $79K loss!

Alameda Research (FTX Bankruptcy Estate) is selling $ETH! It deposited 23,639 $ETH ($65.05M) into Wintermute 4 hours ago to sell.

According to GMGN market data, meme coins in the BSC ecosystem extended their strong rally from yesterday: MUBARAK rose 68.4% in 24 hours, currently trading at $0.0749; MARSCOIN gained 34.11% over 24 hours, now priced at $0.1384; BROCCOLI714 climbed 25.7% in 24 hours, at $0.02555; TST rose 13.71% in 24 hours, currently at $0.01841; GIGGLE increased 8.3% over 24 hours, trading at $41.66. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and caution is needed for investments.

OTC whale 0x8c58 bought a total of 15,000 $ETH($41.26M) today and currently holds 52,000 $ETH($143.5M).

According to YuEmber Monitoring, a whale or institutional entity accumulated 37,000 ETH via Galaxy Digital two months ago at an average price of $1,923. Today, it added another 15,000 ETH at an average price of $2,751, worth approximately $41.26 million. Its current total holdings of 52,000 ETH (valued at roughly $143 million) have an average cost basis of $2,161, generating an unrealized profit of $31.1 million.