ETF Data Revisions, Prediction Market Warning, and a Boost for Stocks

Coin Metrics has corrected 60 Bitcoin ETF network-data series over the past 19 months, but public disclosures did not quantify or explain the revisions.

The CFTC staff warned that prediction markets with 'mention' contracts are presumptively vulnerable to manipulation. These contracts involve ties to an individual's words, attendance, or interactions.

In other news, a 10-year Treasury yield has fallen below 5%, which could support S&P 500 valuations. However, market impact depends on earnings forecasts, inflation, and risk appetite.