ECONOMY NEWS⚡️

ECONOMY NEWS⚡️

⚡️Stay Updated on the Latest in Economics, Finance, and Corporations! ⚡️ Be at the heart of global events shaping the world! Any questions: @net_admin_global

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⚖️ **Kalshi Bans US Politicians for Betting on Their Own Elections ** Prediction market Kalshi sanctioned three US political figures for trading contracts tied to their own campaigns — essentially treating it as insider-style behavior. ⚫️ Banned for 5 years: Minnesota senator Matt Klein, House candidate Ezekiel Henriquez, Virginia Senate candidate Mark Moran ⚫️ Fines: $540, $784, and $6,229; Moran must also return profits after refusing to cooperate ⚫️ The move lands as US states tighten rules:
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**💰**** Crypto Funds Pull $1.2B in Weekly Inflows as BTC Clears $76K** Digital asset investment products added $1.2B from Apr 20–24, marking the 4th straight week of inflows, according to CoinShares — with AUM rising to $155B, the highest since early February. ⚫️ Bitcoin led with $933M; YTD BTC inflows now ~$4B ⚫️ Short-BTC products saw $16.5M ⚫️ Ethereum funds added $192M, holding steady for a 3rd week ⚫️ Geography: US $1.1B, Germany $61.7M, Switzerland $35.2M, Canada $15M ⚫️ A new hot lane:
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**💰**** Gemini Lets AI Agents Trade Crypto Directly From User Accounts** Gemini launched Agentic Trading, letting AI models like ChatGPT and Claude connect to user trading accounts to monitor markets and execute strategies. ⚫️ AI can place orders, execute trades, and manage risk within user-defined rules ⚫️ Gemini calls it the first agentic trading tool offered directly by a regulated US exchange ⚫️ Built on Anthropic’s Model Context Protocol (MCP), with “Trading Skills” like spread checks and
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🇮🇱 **Israel Approves First Shekel-Pegged Stablecoin License (BILS) ** Israel’s Capital Markets Authority issued its first license for a shekel-pegged stablecoin, approving crypto exchange Bits of Gold after a two-year sandbox process. ⚫️ The token BILS is built on Solana, with Fireblocks as custodian ⚫️ Security auditing was handled by EY ⚫️ The narrative is sovereignty: with stablecoins now $300B+ and USD tokens dominating, regulators want local rails that don’t outsource money to the dollar
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**💰**** Paul Tudor Jones: Bitcoin Is the Best Inflation Hedge** Hedge fund legend Paul Tudor Jones says Bitcoin beats gold as an inflation hedge, pointing to BTC’s fixed supply versus gold’s steady annual production. ⚫️ Jones highlights the 21M cap as the key advantage over gold’s expanding supply ⚫️ He compares today’s market setup to the 2000 dot-com bubble, calling current imbalances familiar ⚫️ He’s also positioned for USD/JPY upside, and flags BTC risks like cyberwarfare and quantum break
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