Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity

Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Ether trading activity clarification has minimal market-wide impact.