Analysts Debate Kalshi's High ETH Perpetual Futures Volume

Kalshi's ETH perpetual futures market recorded $500 million in 24-hour volume against only $3 million in open interest, sparking allegations of wash trading. Industry analysts Kain Warwick and Taylor Monahan suggest that paid market makers are a more plausible explanation than automated wash trading. The discussion also covers Treasury Secretary Scott Bessent's stance on AI agent accountability, developments at Anthropic, and market movements for Zcash and NEAR.