Crypto
Bitcoin ETF Data Revised, Prediction Markets Face Manipulation Risk
Coin Metrics has revised 60 Bitcoin ETF network-data series over 19 months. However, public disclosures did not quantify or explain the revisions.
The CFTC is warning prediction markets about 'mention' contracts that may be vulnerable to manipulation. These contracts are tied to an individual's words, attendance, or interactions.
In other news, a 10-year Treasury yield below 5% can support S&P 500 valuations. However, the market impact depends on earnings forecasts, inflation, and risk appetite.