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The White House’s regulatory office is reviewing a proposed CFTC rule on prediction markets, potentially impacting platforms like Kalshi and Polymarket, as Trump supports federal oversight. #Update #Crypto $CFTC
@BlackRock’s bitcoin ETF, IBIT, saw a $528 million outflow, the second-largest on record, as bitcoin dropped to $72,978 amid broader ETF losses totaling $733.43 million. #Update #Crypto $BTC
The U.S. crypto industry, led by @Fairshake, spent $6.5M to help oust critic Al Green in Texas primaries, signaling a shift towards Republican support ahead of midterms. #Update #Crypto $BTC
The U.S. Commodity Futures Trading Commission seeks to annul a $5 million settlement with @Gemini, claiming prior complaints were unjustified under current standards. #Update #Legal $BTC $ETH
A Google engineer, Michele Spagnuolo, was arrested for insider trading on Polymarket using confidential data, allegedly profiting over $1.2M. He faces multiple charges including fraud and money laundering. #Breaking #Legal $USDC
@UnitedTexasBank has converted to a nationally chartered bank, enabling full access to the Federal Reserve and positioning itself as a key player in crypto finance. #Update #Crypto $BTC
Elon Musk may control a top 5 corporate bitcoin holding if @Tesla and @SpaceX merge, combining their 30,221 bitcoins valued at $3.3 billion. #Update #Crypto $BTC
@BankforInternationalSettlements’ Project Agorá shows tokenization could enhance cross-border payments by enabling atomic settlement, reducing risks and delays; real-value testing to follow. #Update #Crypto $USDC
@SoFi launches SoFiUSD, a dollar-backed stablecoin for 15 million app users, available on $ETH and $SOL, redeemable 1:1 for USD. Aims to expand stablecoin use in traditional finance. #Update #Crypto $USDC
OpenZeppelin CEO Manuel Araoz warns that all of DeFi is unsafe due to AI’s ability to exploit vulnerabilities, as over $1.1 billion has been lost to hacks this year. #Update #Crypto
Crypto-focused political committees have spent over $9 million in Texas, aiding bipartisan candidates like Christian Menefee and Ken Paxton, signaling strong industry influence ahead of the 2026 midterms. #Update #Crypto
Bitcoin and ether remain in low-volatility patterns, with bitcoin’s daily range at $1,891 and ether’s at $75; a breakout above $2,400 for ether could signal institutional interest. #Update #Crypto $BTC $ETH
The Clarity Act aims to provide regulatory clarity for the U.S. crypto industry, but current tax frameworks complicate adoption, especially for small investors facing burdensome compliance demands. #Update #Crypto $BTC $ETH
U.S. President Donald Trump supports CFTC’s exclusive authority over prediction markets, amid state lawsuits claiming these are gambling products; several countries have recently banned such markets. #Update #Crypto $BTC
