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Prediction Market Fight Deepens as 40 States Push Back on CFTC

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A multistate coalition told the Commodity Futures Trading Commission that sports-related prediction markets should remain under state gambling oversight, arguing the contracts function as wagers rather than financial derivatives. The attorneys general said these products closely resemble traditional sportsbook wagers on winners, spreads, totals, and player statistics. States Say Sports Markets Belong Under Gambling Oversight […]
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Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

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Evernorth is expanding its leadership team as it moves toward a planned public listing. The company said the strategy is designed to support institutional adoption of XRP through a regulated public-company structure. Evernorth Expands Leadership Team Evernorth Holdings Inc. announced on May 5, 2026, that it is expanding its leadership team with new board members […]
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Circle Urges OCC to Finalize Strong GENIUS Act Stablecoin Rules

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Circle urged the OCC to finalize clear, consistently applied GENIUS Act rules for payment stablecoin issuers. The company said the proposed framework should support reliable redemption and strong risk controls for regulated digital payment instruments. Circle Backs National Stablecoin Licensing Standards Circle Internet Group (NYSE: CRCL) revealed May 5 that it had submitted comments on […]
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Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage

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Coinbase has expanded its derivatives lineup with gold and silver perpetual futures for eligible traders outside the United States, giving eligible users access to precious metals exposure through crypto-based market infrastructure. Crypto Exchange Adds Gold and Silver Perpetual Futures Crypto exchange Coinbase (Nasdaq: COIN) announced on May 6 that it began offering gold and silver […]
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Kraken, Moneygram Expand Crypto Off-Ramps Across 100+ Countries

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Kraken and Moneygram are linking crypto balances to cash withdrawals through a global pickup network. The partnership supports local-currency payouts across hundreds of fiat currencies and more than 100 countries. Key Takeaways: Kraken partnered with Moneygram to support crypto-to-cash withdrawals across more than 100 countries. Customers can access local currency through Moneygram’s regulated international cash […]
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Stake Launches Regulated Mexico Operation Five Weeks Before World Cup Kickoff

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Online gambling operator Stake officially launched in Mexico on Monday, going live through stake.mx under a permit-based structure overseen by SEGOB, the Ministry of the Interior. The company is operating as an agent under a license agreement with intermediary firm Uno Capali, a structure commonly used in Mexico, where new federal gambling permits are rarely […]
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Polygon Unveils Private Stablecoin Payments to Lure Traditional Finance

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The solution, which uses zero-knowledge proofs to verify every transfer, will allow companies moving large volumes to maintain the secrecy of these movements, improving transaction confidentiality. The system implementation encompasses KYT screening from regulators. Key Takeaways: Polygon partnered with Hinkal to launch a ZKP-powered private payment solution for USDC and USDT. Polygon claims this release […]
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Stefan Muehlbauer Warns DOJ Indictments End ‘Safe Zone’ as US Army Sergeant Case Expands Risk

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According to Certik’s Stefan Muehlbauer, the recent indictment of an Army sergeant for using nonpublic information to bet on Polymarket establishes a precedent: misappropriating government or corporate data now carries the same legal weight as Wall Street securities fraud. Key Takeaways: The DOJ charged Army Sgt. Van Dyke for using classified data to net over […]
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Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops

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Analysts believe that the ghost of the restriction of dollar depositors, popularly referred to as “corralito,” still haunts Argentines who prefer to hold their savings in cash dollars rather than in banks, even after the approval of the Fiscal Innocence law. Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 […]
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NHL and MLB Sign With Polymarket and Kalshi as Their Unions Ask CFTC to Intervene

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A coalition of the largest US professional sports player unions has asked the Commodity Futures Trading Commission (CFTC) to prohibit several categories of sports event contracts at platforms like Kalshi and Polymarket, putting the unions in direct opposition to the leagues that have signed commercial deals with the same platforms. Key Takeaways: Player unions for […]
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Tokenization Megatrend: Grayscale Names ETH, SOL, LINK in $30B Market

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Grayscale Research said Ethereum, Solana, Canton, Avalanche, BNB Chain, and Chainlink are positioned to benefit as tokenized assets expand. The firm estimated tokenized assets at about $30 billion, up 217% year-over-year. Key Takeaways: Grayscale identified Ethereum, Solana, Canton, Avalanche, BNB Chain, and Chainlink as key beneficiaries of tokenization growth. Tokenized assets reached about $30 billion, […]
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Dormant Wallets Spend 793 BTC Over 72 Hours as Bitcoin Crosses $79,000

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Onchain data shows 793.36 sleeping bitcoins changed hands between May 1 and May 3, 2026, with a notable portion traced back to wallets that had not moved coins since 2011. Key Takeaways: Onchain data shows 793 BTC spent May 1-3, 2026, with 56 of 62 outputs originating from 2016 wallets. A single 110 BTC output […]
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New Politico Poll Reveals US Voter Skepticism Over AI and Crypto Campaign Cash

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Deep-pocketed political groups tied to artificial intelligence (AI) and cryptocurrency are rapidly reshaping the midterm money landscape, but many Americans remain uneasy with the industries behind the spending. Key Takeaways: Fairshake and Leading the Future have deployed over $100 million to influence the 2026 midterm election outcomes. A Politico poll found 45% of Americans view […]
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A ‘Generational Play’ Arises Amid Economic Fury – Week In Review

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This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Key Takeaways: Tether froze record USDT as U.S. seized $500M from Iran, putting […]
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Taiwan Lawmaker Calls for Bitcoin Reserve Funded by $602B FX Chest

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A Taiwanese legislator has formally presented a proposal to the country’s premier and central bank governor to allocate part of Taiwan’s $602 billion in foreign exchange (FX) reserves into bitcoin. Key Takeaways: Legislator Ko Ju-Chun presented a BPI bitcoin reserve report to Taiwan’s premier and central bank. Taiwan’s $602B FX reserves are over 80% in […]
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Seoul Court Rescues Bithumb from Record 6-Month Suspension

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A Seoul court has temporarily halted a six-month partial business suspension imposed on South Korean crypto exchange Bithumb, dealing a significant legal setback to the country’s financial regulator just weeks after a similar ruling went against it in the Upbit case. Key Takeaways: Seoul’s court halted Bithumb’s 6-month FIU suspension on April 30, allowing the […]
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MegaETH Token MEGA Falls 38% in 72 Hours After Binance and Coinbase Listings

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MegaETH’s MEGA token launched across a myriad of major exchanges and immediately entered a sell-off that pushed it more than -38% below its opening-day highs within 72 hours. Key Takeaways: MEGA token launched on Binance, Coinbase, and a dozen other exchanges on April 30, dropping -38% from its $0.225 ATH within 72 hours. MegaETH TVL […]
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US Warns Hormuz Digital Asset Payments May Trigger Sanctions Risk

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OFAC warned that digital asset payments tied to Strait of Hormuz passage can create sanctions exposure. The alert says digital assets do not reduce legal risk for maritime firms, financial institutions, insurers, or counterparties. Key Takeaways: OFAC warned crypto payments tied to Hormuz transit may trigger sanctions exposure. Reports say Iran operates a crypto-based toll […]
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SBI Group, Visa Launch Crypto Card With up to 10% BTC, ETH, XRP Promo Rewards

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Japanese giant SBI Group is bringing crypto rewards into everyday spending with a new Visa card offering that converts points into BTC, ETH, or XRP. The campaign offers rewards of up to 10% for Gold users and 2.5% for standard users. Key Takeaways: SBI and Visa launched credit cards that convert spending points into a […]
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Trump Says Iran Conflict Over, Nasdaq Sets Record High, Bitcoin Climbs 2.5%

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President Donald Trump told Congress on Thursday that U.S. military hostilities with Iran have ended, a declaration timed to the 60-day deadline under the War Powers Resolution of 1973 that gives markets and investors a clearer geopolitical signal heading into May. Key Takeaways: Trump declared U.S.-Iran hostilities “terminated” on May 1, bypassing the War Powers […]
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JPX Targets 2027 Japanese Crypto ETF Launch

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Japan Exchange Group is preparing to introduce cryptocurrency ETFs as early as 2027, pending regulatory and tax reforms. The move signals Japan’s shift toward integrating digital assets into its mainstream financial system. Key Takeaways: Japan Exchange Group targets 2027 crypto ETFs pending legal and tax reforms. JPX shift mirrors U.S. bitcoin ETF success, signaling rising […]
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Senate Democrats Urge CFTC to Ban Sports and Election Contracts on Kalshi and Polymarket

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A group of congressional Democrats sent the Commodity Futures Trading Commission (CFTC) a letter on Thursday demanding the agency issue rules banning event contracts on elections, war, military actions, sports, and government actions without an economic hedging interest. The letter was filed on the final day of the CFTC’s advance notice of proposed rulemaking comment […]
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Pentagon Eyes Bitcoin Infrastructure as Strategic Asset, Hegseth Says

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U.S. Secretary of War Pete Hegseth said this week that Bitcoin is part of classified Defense Department efforts to project power and counter China. Key Takeaways: Pete Hegseth told Congress on April 30, 2026, that Bitcoin efforts are classified inside the Pentagon. Samuel J. Paparo Jr. confirmed INDOPACOM runs 1 Bitcoin node and tests protocol […]
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Blackrock Pulls $54M From IBIT as Bitcoin ETF Slide Pushes Assets Below $100B

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A third consecutive day of outflows in bitcoin and ether ETFs underscores a shift toward caution, as investors continue to trim exposure after last week’s strong inflow streak. Smaller assets like XRP are still attracting selective capital, while solana products remain dormant. Key Takeaways: Bitcoin ETFs saw $137.8M outflows, led by Blackrock IBIT, marking 3 […]
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Powell Keeps Fed Governor Role Past May 15 in First Such Move Since 1948

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Federal Reserve Chair Jerome Powell announced on Wednesday that he will remain on the Fed’s Board of Governors after his chairmanship ends May 15, a decision rooted in a Justice Department probe and the politics of central bank independence. Key Takeaways: Powell holds a separate Governor term through January 2028, allowing him to stay on […]
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Meta Launches USDC Stablecoin Payouts for Creators in Colombia and the Philippines

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Meta has launched a pilot program allowing eligible creators in Colombia and the Philippines to receive earnings in USDC stablecoins through Facebook, Instagram, and Whatsapp. Key Takeaways: Meta launches USDC stablecoin payouts for creators in Colombia and the Philippines, using Solana and Polygon networks in April 2026. Stripe serves as Meta’s infrastructure partner, enabling low-fee […]
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Robinhood Posts $1.07B Q1 Revenue as 47% Crypto Drop Shifts Focus to Equities

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Robinhood posted solid first-quarter growth, with revenue up 15% year over year, even as crypto trading income fell sharply. The results highlight a shift toward equities, options, and interest income as key drivers. Key Takeaways: Robinhood posted $1.07B Q1 revenue, up 15%, but crypto revenue fell 47% to $134M. Robinhood assets jumped 39% to $307B, […]
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TON Tech Gives Telegram Bots Spending Power With New Agentic Wallet Standard

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TON Tech launched Agentic Wallets on April 28, 2026, an open standard that allows artificial intelligence (AI) agents operating on Telegram to hold and spend TON without user approval on every transaction. Key Takeaways: TON Tech launched Agentic Wallets on April 28, 2026, giving AI agents on Telegram direct onchain spending access. The open standard […]
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Judge Kaplan Denies Sam Bankman-Fried’s Bid for a New Trial, Calling Claims Baseless

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A federal judge denied Sam Bankman-Fried’s motion for a new trial on Tuesday, rejecting claims of new evidence and refusing to let the former FTX chief withdraw the request first. Key Takeaways: Judge Lewis Kaplan denied Sam Bankman-Fried’s (SBF) Rule 33 motion on April 28, 2026, calling the new evidence claims “baseless.” The ruling closes […]
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Tim Draper Says ‘You Should Be Scared’ Without 6 Months Bitcoin Savings

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Venture capitalist Tim Draper told a packed crowd at Bitcoin 2026 in Las Vegas that companies, families, and governments without bitcoin holdings face serious financial risk as global monetary systems continue to shift. Key Takeaways: Tim Draper warned Bitcoin 2026 attendees that companies without 5-15% bitcoin treasury allocation risk collapse if banks fail. Draper cited […]
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