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DeFi Rate

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DeFi Rate title: DeFi Rate: Guide to Crypto & Decentralized Finance (DeFi)

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Kevin Warsh Fed Chair Nomination Official, Settling $800M Prediction Market

Kevin Warsh’s official nomination as Federal Reserve chair on Wednesday will close out one of the most heavily traded prediction markets in the industry’s history. Although President Trump informally announced on Jan. 30 his intention to nominate Warsh, today’s


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Kraken Gains Federal Reserve Access, Earning Crypto a Seat at the U.S. Banking Table

Kraken has made history. The U.S.’s second-largest cryptocurrency exchange announced Wednesday that its banking arm, Kraken Financial, has been approved for a Federal Reserve master account by the Kansas City Fed. It makes Kraken the first crypto-native company ever to gain direct access to the Fed’s payments infrastructure.

The app...


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Trump Says Banks Are Trying to Undermine Crypto’s Agenda in Clarity Act Debate

President Donald Trump took to Truth Social on Tuesday to highlight what has delayed the passage of the Clarity Act so far. According to him, banks have been delaying the discussions amid fears of people earning more money on stablecoin yield over tradit...


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CFTC Chair Selig Announces Rulemaking Push: What it Means for Prediction Markets

CFTC Chairman Michael Selig used a Washington stage Tuesday to deliver the clearest roadmap yet for where federal prediction market regulation is headed. And he put a timetable on it.

Speaking at the Milken Institute Future of Finance event, Selig confirmed the agency will set formal self-certification standards for event contracts and move forward ...


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Kalshi Codifies Death Settlement Rule in CFTC Filing Amid Iran Market Backlash

Days after sparking backlash over how it settled a high-profile geopolitical contract, Kalshi quietly filed a rulebook amendment with the Commodity Futures Trading Commission (CFTC) that formally codifies how the exchange handles markets when the primary subject dies.

The controversy centered on a Kalshi contract asking whether Iran’s Supreme Leader...


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