[The Wall Street Journal: Approximately $5 Billion in Highly Similar Transactions in Kalshi's Single ETH Market Attract Regulatory Attention] According to an analysis of public trading data by *The Wall Street Journal*, a price prediction market for Ethereum on the platform Kalshi has seen nearly 1 million transactions of highly similar amounts since August, with a total transaction value of approximately $5 billion. In recent weeks, over one-third of the transactions in this market were executed rapidly, with individual transaction amounts concentrated around $5,500. This trading pattern has drawn the attention of U.S. federal regulators and traders. Kalshi stated that these transactions are part of normal market activity. Kalshi's public data does not disclose the identities of the traders, and the report has not determined that these transactions involve any violations.