Author: John Smith
Coinbase has urged U.S. derivatives regulators to keep prediction markets under existing rules, filing a formal response as legal pressure builds around event-based contracts. Summary Coinbase has submitted a letter to the Commodity Futures Trading Commission arguing that prediction markets fall within existing regulatory authority. Chief Policy Officer Faryar Shirzad said event-based contracts resemble traditional futures and called for a principles-based framework. According to a letter submitted to the Commodity Futures Trading Commission and addressed to Secretary Christopher Kirkpatrick on April 30, Coinbase responded to the agency’s Advance Notice of Proposed Rulemaking on prediction markets, arguing that such products already…
The U.S. Commodity Futures Trading Commission has received more than 1,500 public responses on its proposed rule for prediction market event contracts. Summary CFTC has received more than 1,500 public comments on its prediction markets rule, with firms backing its authority while state regulators push back. Kalshi, Polymarket, and Andreessen Horowitz supported the CFTC, urging it to retain exclusive control over event contracts. State gaming regulators from Pennsylvania, Tennessee, and Missouri said sports contracts resemble unregulated betting and should fall under state oversight. According to the CFTC, the comment period for its March proposal closed Thursday after drawing submissions from…
Three presales are sitting on the table, each promising the moon, but only one is actually printing receipts. That’s the situation traders are staring at right now with BlockchainFX (BFX), NOCtura (NOC), and IPO Genie (IPO). Each project has its own pitch, its own crowd, and its own timeline. So which name actually deserves a spot in a serious 2026 portfolio, and which ones are just along for the ride? Honestly, the answer keeps pointing back to one project. The best crypto presale chatter in May 2026 is dominated by BlockchainFX, the licensed super app that has already raised over…
Ripple CTO Emeritus David Schwartz has pushed back against claims that a non-disclosure agreement or “gag order” controls his public comments about Ripple and XRP. Summary David Schwartz denied gag order claims, saying no NDA forces him to mislead XRP holders publicly. He questioned $10,000 XRP forecasts, arguing market behavior does not support those claims today now. Ripple secrecy rumors remain disputed as Schwartz says no hidden plan exists to pump XRP. The dispute followed fresh community criticism over his recent comments on extreme XRP price targets. Schwartz responded after an XRP community member claimed he may be bound by…
Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action. Summary Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again. Iran peace talks affected risk appetite, limiting Bitcoin’s follow-through despite support near $78,000 this week. XRP held its range while Algorand led altcoin gains with a strong daily advance. The wider crypto market stayed calm, while XRP held near $1.39 and Algorand led daily gains. Bitcoin traded near $78,402 after touching an intraday high of $78,963, according to live market data. The…
Coinbase says Senate negotiators have reached a deal on a disputed crypto bill provision tied to stablecoin rewards. Summary Coinbase says negotiators reached a rewards compromise, easing a key delay for the CLARITY Act. Banks secured limits on deposit-like yield, while crypto firms kept activity-based user rewards under rules. The Senate markup path now depends on committee support, regulatory details, and wider political backing. The agreement could help the CLARITY Act move toward a Senate markup after months of delay. According to a Reuters report, the debate centered on whether crypto firms and stablecoin issuers should offer rewards to customers.…
The New York Stock Exchange has filed a rule change with the U.S. Securities and Exchange Commission to allow tokenized versions of eligible securities to trade on its market. Summary NYSE wants tokenized securities to trade beside traditional shares on the same exchange order book. Eligible tokenized assets must keep the same ticker, CUSIP, rights, and privileges as originals. Clearing and settlement would remain through DTC, keeping tokenized trading inside existing market rails now. The filing adds to a wider push by major exchanges to bring blockchain-based settlement into regulated market systems. The SEC notice shows that NYSE filed the…
Entering 2026, the global cryptocurrency market remains highly active. Strategy’s $2.57 billion Bitcoin purchase once again highlights institutional investors’ continued interest in the long-term value of Bitcoin. It has also brought greater attention to Bitcoin Cloud Mining and Cryptocurrency Mining among global users. As Bitcoin and crypto assets become more widely adopted, more users are looking for ways to participate in cryptocurrency mining. However, traditional mining usually requires purchasing mining machines, covering electricity costs, and having the technical ability to maintain equipment. For ordinary users, the entry barrier can be relatively high. Against this background, Cloud Mining has become a…
The crypto market recap for May 3 centered on U.S. regulation, tokenized securities, venture funding and Bitcoin-focused corporate activity. Summary Coinbase said Senate negotiators reached a stablecoin rewards deal, easing delays around the CLARITY Act. NYSE filed to trade tokenized securities under DTC’s pilot while preserving traditional share rights rules. Founders Fund raised $6 billion as Tether backed a Bitcoin merger involving Strike and Elektron. Coinbase reported progress on a key crypto bill, while the NYSE moved closer to tokenized stock trading under a DTC pilot. Coinbase says CLARITY Act deal clears key hurdle Coinbase said Senate negotiators reached a…
Peter Thiel’s Founders Fund has closed a new $6 billion fund, marking the largest raise in the venture capital firm’s history. Summary Founders Fund closed a record $6 billion fund focused mainly on late-stage startup investments. Limited partners provided $4.5 billion, while Thiel and insiders contributed another $1.5 billion. The raise shows major venture firms still attract capital for mature technology companies. The vehicle will focus mainly on late-stage companies as private startups continue to seek large funding rounds outside public markets. Bloomberg reported that Founders Fund raised $6 billion for a new late-stage investment vehicle, citing people familiar with…