Comer asks Kalshi and Polymarket for records on identity checks, location controls, and suspicious election trading by June 5. House Oversight Committee Chair James Comer has opened a probe into Kalshi and Polymarket over possible insider trading on prediction markets. The investigation focuses on whether users with non-public government information could profit from contracts tied […]
A compromised internal wallet drained $700K from Polymarket. User funds stayed safe. Here’s what happened and how the team responded. A security incident hit Polymarket this week, shaking the prediction market platform briefly. An attacker gained access to an internal operations wallet used for rewards payouts. The breach triggered repeated POL token transfers, firing every […]
Bitget launched a new framework to monitor listed tokens and market makers more closely. It will flag suspicious trading, weak liquidity, and possible manipulation faster. Listed projects must follow stricter rules against wash trading and price abuse. Bitget has launched a new Market Integrity and Token Accountability Framework to enhance governance of listed digital assets, […]
Hong Kong dollar stablecoin HKDAP completed Ethereum testing and may begin phased issuance by the end of Q2 2026. Hong Kong moved closer to launching its first officially approved stablecoin after HKDAP completed a successful Ethereum mainnet transfer test. According to HKET, the project was a collaboration between multiple licensed financial and crypto firms to […]
Coinbase uses AI in compliance workflows, cutting account restriction resolution time by 90% while humans review outcomes. Coinbase is using artificial intelligence to change its compliance operations, according to CEO Brian Armstrong. He said the exchange rebuilt nearly every related workflow and cut account restriction resolution time by about 90%. The company says humans still […]
Kraken gains VARA approval in Dubai for spot, margin, OTC, staking, Prime access, with AED funding planned this year. Kraken has gained authorization from Dubai’s Virtual Assets Regulatory Authority through Payward FZCO, expanding its regulated presence in the UAE. The approval covers spot, margin, OTC, staking, and institutional access through Kraken Prime, while AED funding […]
Qivalis secures support from 37 European banks to launch a euro stablecoin backed 1:1 with euro reserves under EU crypto regulations. Qivalis has received strong support from 37 European banks. This move aims to increase euro stablecoin adoption across Europe. According to the Financial Times, the project is based in Amsterdam. So, it is becoming […]
Arthur Hayes urges Trump to veto the CLARITY Act, saying Bitcoin and crypto should not rely on regulation to survive. BitMEX founder Arthur Hayes said he hopes Trump vetoes the CLARITY Act, citing concerns over Bitcoin’s core purpose. Speaking in a May 13 interview with The Wolf Of All Streets, Hayes said crypto should not […]
Hyperliquid spot ETFs outpaced Ethereum inflows on five of the first six trading days after launch. On day six, HYPE ETF inflows surpassed every peer product, signaling growing institutional buying demand. Hyperliquid ETFs generated 2.5x the buying pressure of the Assistance Fund in just six trading days. Six days into trading, Hyperliquid spot ETFs are […]
Stablecoin supply tops $300B as USDT adds $5B, while USDC, USDe and PYUSD lose $4.2B and net growth slows to 0.3%. Total stablecoin supply has moved above $300 billion, but monthly growth has slowed sharply. Tether USDT added more than $5 billion during the past month, while several rival stablecoins lost supply. The market added […]
