Live briefing · CoinDesk
Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades
What CoinDesk reports, why it matters and what remains unconfirmed.
MarketsBy Omkar Godbole at CoinDesk

The story in one view
- Reported by
- CoinDesk
- Coverage lens
- Markets and price action
- Published
- Evidence status
- Single attributed publisher report
What CoinDesk reports
A trader alleged on X that Kalshi is inflating trading volumes in its ether perpetual futures.
The immediate significance
The report identifies a markets development, but the available information does not provide enough matched evidence for a more specific impact judgment. That assessment remains open.
What remains unknown
- No matched primary document independently supporting the central claim is linked to this page.
Live market check
The named assets, right now
Spot quotes from Kraken, checked .
Related Articles And Podcast
Further reporting and analysis on this story.
Podcast13 min
Is Wall Street Quietly Buying Hyperliquid? | Daily Crypto Deep Dive
Is Wall Street quietly starting to buy Hyperliquid?
Read the notes and play the episode
