What changed
Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading
Trading lens
Use this as watchful context from cointelegraph.com. Watch whether kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity confirms momentum, invalidates active bias, or changes timing.