Business – Page 181

US senators won’t consider betting on predictive markets after banning themselves

A US Senate that has been struggling to move legislation on crypto market structure moved like lightning on Thursday to ban itself from participating in prediction markets. On the back of a simple, 14-line resolution pushed by Republican Sen. Bernie Moreno of Ohio, the Senate unanimously agreed to set a limit between members and the […]

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BTC Price Faces $80,000 Resistance As Derivatives Show Signs Of Risk Aversion: Crypto Markets Today

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Bitcoin BTC$76,109.54while it is a little in the green, it can be a shock. The major cryptocurrency has gained less than 0.5% since midnight UTC, and strong moves towards $80,000 are likely to encounter resistance. That’s because short-term holders have a cost basis around that price, Luke Deans, a senior research associate at Bitwise, told

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New data suggests military insider trading crisis at Polymarket

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A Green Beret’s alleged $400,000 insider bet on a raid in Venezuela seemed like an isolated breach. A new report suggests it may be the visible edge of something wider. The Anti-Corruption Data Collective (ACDC), a nonprofit research group, analyzed all settled Polymarket contracts from January 2021 to mid-March 2026 — more than 435,000 markets

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How North Korean spies spent months personally draining $285 million from Drift

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North Korean government-backed hackers are becoming more sophisticated, more precise, and now account for more than 76% or nearly $600 million in crypto losses this year alone. The $285 operating protocol exploit, for example, involved what TRMLabs describes as a lengthy and “unprecedented in-person social engineering” attack. It included months of face-to-face meetings between North

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From Cathie Wood to Cantor Fitzgerald, the big money is betting Robinhood’s ( HOOD ) crypto slump is just a temporary speed bump

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Robinhood’s ( HOOD ) plunge of nearly 12% since its big earnings miss has been shrugged off by some big investors and Wall Street analysts. The popular trading platform missed its first-quarter earnings and revenue estimates on April 28, primarily due to weaker crypto trading activity. The market punished the stock, but Cathie Wood’s Ark

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Breakdown of Sui (SUI)

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In today’s newsletter, Josh Olszewicz of Canary Capital introduces the Sui blockchain and discusses its potential impact on Web3 adoption and optimization for consumer applications. Special warning: Going to Consensus Miami? Don’t miss the closed door Wealth Management Day on May 6. There is a special side event dedicated to advisors. Participation is free for

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Anchorage Digital and M0 are teaming up to power the next wave of regulated stablecoins

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Anchorage Digital, America’s first federally chartered crypto bank, has tapped M0 as its core technology provider, a move designed to make the custodian a primary engine for institutions looking to mint and manage regulated stablecoins. San Francisico-based Anchorage is looking to expand its issuance platform through M0, opening the door to a wide range of

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Senator Warren asks Commerce Secretary Lutnick about Tether loans for the family

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U.S. Commerce Secretary Howard Lutnick, the former CEO of Cantor Fitzgerald, which handles Tether’s finances in the U.S., has been questioned by Senate Democrats about reports that a trust linked to his children received a loan from Tether to help finance Lutnick’s divestment of his company stake that went to his children. Senators Elizabeth Warren,

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Polymarket uses Chainalysis to bring Wall Street level oversight to crypto prediction markets

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Crypto-based prediction market Polymarket has tapped blockchain analytics firm Chainalysis to monitor trading activity and enforce its market rules as it works to address concerns about insider trading and market integrity. Chainalysis brings a range of tools, including investigative software and onchain monitoring systems, to flag suspicious behavior, based on a model designed to identify

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Gemini shares rise on potential prediction market challenges to Kalshi, Polymarket, Hyperliquid

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Gemini Space Station (GEMI), the crypto exchange run by Cameron and Tyler Winklevoss, received US Commodity Futures Trading Commission (CFTC) approval for a derivatives clearinghouse license (DCO), allowing it to enter regulated derivatives and crypto’s fastest growing, most contested sector, prediction markets. The approval allows Gemini to clear and settle trades internally rather than relying

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