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00:42
JPMorgan Chase Enters Prediction Market Business, Will Offer S&P 500 Event Contracts
BlockBeats News, June 20th, according to The Wall Street Journal, JPMorgan Wealth Management is partnering with Cboe to launch all-or-nothing options contracts, allowing clients to engage in binary trades around the performance of the S&P 500 Index.Sources familiar with the matter stated that these contracts are slightly different from prediction market contracts offered by platforms like Kalshi or Polymarket, as the latter list futures contracts instead of options. However, these binary options are similar in function: if the index closes above or below the target price, the contract will pay out a fixed cash settlement amount; otherwise, it will pay out nothing. Sources indicated that JPMorgan Wealth Management plans to open up these contracts to clients in the coming months.
00:33
James Wynn opens 40x BTC short position, with cumulative losses exceeding $22 million
James Wynn has once again opened a 40x BTC short position. His initial short position has already been liquidated, with total accumulated losses exceeding 22 million US dollars. (Onchain Lens)
00:24
Sonic Labs restructures leadership, Matt Visser appointed as CEO
Sonic Labs announced that Michael Kong, Andre Cronje, and David Richardson have resigned from the board, Matt Visser has been appointed CEO, and Kosta Kourkoumelis has been appointed COO. The team will enhance operational transparency to rebuild community trust and will establish a risk and compliance committee.
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