Ethereum Price Cracks as 3 Prediction Markets Make Their Calls

Ethereum prices dropped below $2,600 on Wednesday following six consecutive days of U.S. spot ether ETFs outflows. Prediction markets show conflicting views, with Myriad traders favoring a rise to $3,000 over a drop to $1,500, while Polymarket remains less optimistic. Simultaneously, the agency responsible for regulating crypto and prediction markets has seen a precipitous decline in staffing and enforcement actions during the second Trump administration, even as it is tasked with creating new rules.