PricPR

Heck, mark my words! Authorities have caught wind of a grand crypto caper where $16 million vanished like a ghost through a digital veil. Seems some bold trickster played dress-up as Coinbase, hoodwinking folks into handing over their shiny coins-pure sorcery of the modern age.

Ah, behold the curious spectacle unfolding at the gilded gates of New York’s Museum of “Modern” Art-eight arboreal avatars from the CryptoPunks ensemble now rest in its hallowed halls, a pilgrimage of indices and pixels. These spectral pawns, once spliced from silicon, are now framed as paragons of pedagogy, their chromatic wads of randomness hailed as “artistic pioneers.” Art on Blockchain, a society of crypto’s oddest bedfellows, orchestrated this ballet of blockchain and beribboning, while Larva Labs, those ancient sorcerers of the art world’s new dark ages, donated their own digital mementos. One might imagine the ghost of Marcel Duchamp sneering at such kinetics, but, oh well-he’s busy haunting NFT platforms. The MoMA curators, no doubt, are now debating whether to charge entry fees in satoshis or taxi schedule a Mothra-sized exhibition titled “From Cave Paintings to Crypto Gangstas.” 😏

Prediction markets are increasingly shaping debates over financial innovation, market structure, and the boundaries between state and federal oversight. Coinbase Financial Markets Inc., a federally regulated derivatives intermediary affiliated with crypto exchange Coinbase (Nasdaq: COIN), filed a lawsuit on Dec. 18 seeking declaratory and injunctive relief to prevent officials from applying state gambling laws to federally regulated prediction markets and event contracts, asserting exclusive federal oversight.