News

According to Odaily, NBA Milwaukee Bucks star Giannis Antetokounmpo, also known as "the Greek Freak," previously announced that he has become a shareholder in Kalshi, a prediction market platform regulated by the U.S. Commodity Futures Trading Commission (CFTC). According to a spokesperson for the company, Giannis holds less than 1% of the shares, but the specific shareholding data was not disclosed, nor was the exact difference between his actual shareholding and 1%. However, based on Kalshi's recent valuation of 11 billions USD, a 1% stake would be worth 110 millions USD.

BlockBeats News, February 7th, Ernst & Young (EY), one of the Big Four accounting firms, warned in its latest report that with the rise of the "Smart Wallet," the traditional bank account's role as the customer's primary touchpoint is diminishing. The report noted that if financial institutions cannot "own the wallet," meaning control this key customer entry point that integrates identity verification, asset management, and payment functions, they risk losing customer relationships and may ultimately be reduced to mere backend infrastructure providers. (CoinDesk)

ChainCatcher News, according to CoinDesk, the head of digital assets at one of the Big Four accounting firms, EY, stated that wallets are rapidly becoming the key entry point for next-generation financial services, rather than just tools for cryptocurrencies. "Wallets are strategy—whoever controls the wallet, whoever provides the wallet, will win the customer relationship," said Mark Nichols, Co-Head of EY's Digital Assets Advisory business.