US House Launches Probe into Kalshi Insider Trading
US House Oversight Committee Chair James Comer probes @Kalshi and @Polymarket over insider trading incidents, citing over 80 suspicious trades linked to military operations. #Update #Legal
Crypto News
General category for all types of news related to the cryptocurrency world.
GameStop Boosts Shares Amid eBay Pursuit
GameStop seeks shareholder approval to increase authorized shares to 2.5 billion, aiming to acquire eBay after an initial rejection; holds 6% of eBay shares. #Update #Business
Congress Launches Insider Trading Probe on Polymarket Kalshi
The U.S. House Oversight Committee, led by Rep. James Comer, is investigating @Polymarket and @Kalshi for potential insider trading by government employees using classified information for profit #Breaking #Legal $POLY $KAL
NEAR Surges 30% on $36M Bitwise ETP
NEAR token surged 30% to $2.25 after @NearAI’s partnership with Bermuda; Bitwise NEAR Staking ETP saw a $3M inflow, totaling $36M AUM. #Update #Crypto $NEAR
AI Infrastructure Bottleneck Exceeds Chip Limitations
@IREN co-founder Daniel Roberts emphasizes that AI’s biggest bottleneck is infrastructure, not chips, as the company expands its AI infrastructure strategy with a $3.4 billion NVIDIA contract. #Update #Crypto $IREN
Polymarket Exploit Drains $700K Funds
On-chain investigator ZachXBT reported a $700K loss from Polymarket’s Polygon infrastructure wallet, attributed to a private key compromise, not affecting user funds. #Update #Crypto
CLARITY Act Faces June Senate Deadline
Lawmakers face increased pressure to pass the CLARITY Act before the August recess, amid Senate delays and legislative uncertainty. The deadline looms in June. #Update #Legal
Polymarket Launches Japan Expansion with Jupiter Exec
@Polymarket appoints Mike Eidlin as Japan representative, aiming for regulatory approval by 2030 amid global expansion efforts. #Update #Crypto
Prediction Market Approval Targeted by Polymarket 2030
@Polymarket is lobbying for prediction market authorization in Japan by 2030, appointing Mike Eidlin to lead efforts amid strict gambling laws. #Update #Crypto $JUP
AI Romance Concealed by 69% of Young Adults
Researchers report 15% of young U.S. adults use AI romantic companions, often hiding this from partners, impacting relationship stability and communication. #Update #AI
Crypto Custodian Copper Eyes $500M Sale
@Copper is considering a sale for approximately $500 million amid a crypto IPO market lull and rising AI interest, with its ClearLoop system facilitating asset transactions without on-chain withdrawals. #Update #Crypto
Prediction Markets Banned in India Polymarket Shuts Down
@Polymarket is inaccessible in India following a government directive targeting illegal betting platforms; @Kalshi may face similar restrictions soon. #Update #Crypto $BTC
DeepSeek Launches Claude Code in Beijing
DeepSeek forms a new team in Beijing to develop Code Harness, challenging Anthropic’s Claude Code and OpenAI’s Codex. V4 Flash offers a significant cost advantage. #Update #Tech
Sandbox Co-Founder’s Wife Targeted in France
Attempted kidnapping of The Sandbox co-founder Sébastien Borget’s wife in France highlights rising crypto-targeted crimes; two suspects arrested. Police investigate links to crypto activities. #Update #Crypto $SAND