Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, the SEC has approved Nasdaq’s proposal to list cash-settled Bitcoin index options, US lawmakers launched a probe into alleged insider trading activity tied to prediction market platforms. Meanwhile, Polymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations led to more than $600,000 in losses.

The Securities and Exchange Commission has approved Nasdaq’s proposal to list cash-settled Bitcoin index options on the Philadelphia Stock Exchange.

The options are European-style contracts tied to the Nasdaq Bitcoin Index, a benchmark that tracks one one-hundredth of the CME CF Bitcoin Real Time Index, which updates with data from major cryptocurrency exchanges every 200 milliseconds. The approval was granted on an accelerated basis and published Friday on the SEC’s website.

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