News linked to this event type.
a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on event outcomes, aggregating dispersed information through price signals to provide real-time probability estimates for future events. Unlike traditional polls, prediction markets offer real-time update capabilities and incentivize participants to stake capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are not only used by enterprises for product launches and research experiment forecasts, but also serve as "wisdom of the crowd" information sources for media outlets, covering events ranging from geopolitics to AI model performance. Their core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements.However, prediction markets still face infrastructure and market design challenges, including event verification, contract settlement, the sufficiency of participant information, and potential manipulation risks. a16z believes that if these issues are resolved, prediction markets could become important tools for decision-making and information aggregation, expanding the ability of finance and society to gain insights into future events.
: Jonas Myrdal, a prosecutor at the Swedish Economic Crime Authority, stated that regarding a post on social platform X about Sivers Semiconductors (SIVE) considering a dual listing in the US leaking out early and being officially confirmed by the company approximately 48 hours later, he believes this is not a coincidence but highly likely involves an information leak.Jonas Myrdal pointed out that the relevant information was published and continuously promoted on platform X by an anonymous account with approximately 200,000 followers before its official disclosure. This subsequently triggered a sharp, several-fold increase in the company's stock price within a short period. This behavior pattern is similar to a previous case involving "pump-and-dump" manipulation, in which three individuals were convicted of serious market manipulation offenses. He further recommended that Nasdaq should investigate this incident and assess whether it violates the EU Market Abuse Regulation (MAR). Currently, the source of the suspected information leak is still under investigation.Previously, "New Stock God" Serenity posted on platform X seemingly "touting" Sivers, and stated that after further reviewing Sivers Semiconductors' latest earnings conference call, they are optimistic about its prospects. The company's management indicated that "in a super-cycle where demand far exceeds supply, viewing ecosystem partners as competitors is not the correct approach," reflecting the current strong demand in the photonics industry. Additionally, the photonics business pipeline has grown rapidly over the past five months, driving an overall revenue pipeline increase of 77%. (Marketscreener)
digital asset management firm Grayscale stated in its latest report that the decentralized trading platform Hyperliquid is rapidly evolving from a crypto perpetual contract exchange into a blockchain-based financial infrastructure platform. In the future, it may even challenge the traditional derivatives trading and exchange systems, growing into a "financial services giant."The report shows that Hyperliquid generated approximately $800 million in revenue in 2025, with a full-year perpetual contract trading volume of about $2.9 trillion and open interest of roughly $7 billion, capturing a significant share of the crypto derivatives market. Grayscale believes the platform is no longer limited to crypto trading. Through the HIP-3 and HIP-4 systems, it is expanding into tokenized stocks, commodities, and prediction markets, gradually building a 24/7 on-chain trading infrastructure.In another report, FalconX also pointed out that Hyperliquid is competing with traditional derivatives exchanges like the CME Group, as well as prediction market platforms such as Kalshi and Polymarket, and is making progress in new markets like Pre-IPO.The report also emphasized that regulation remains a key variable. Although Hyperliquid currently restricts access for US users, as the regulatory framework gradually clarifies and institutions like Coinbase, Robinhood, and Kraken explore perpetual contract products, this sector may see broader growth potential in the future. (CoinDesk)
BofA believes that current global corporate earnings expectations have clearly outpaced macroeconomic fundamentals, and the market is betting that AI will reshape the global labor market and boost corporate profit margins—much like China’s accession to the WTO did in its time. However, this logic still faces multiple risks related to demand, costs, and policy.
Odaily Odaily founder Rand posted on platform X, stating that with the assistance of on-chain detective ZachXBT, the team has identified the root cause of the recent cUSDC freeze incident, which is unrelated to the Zama protocol itself or privacy technology. The incident originated when a wallet address associated with the Overnight Finance hack deposited over $12.5 million USDC into Zama's cUSDC wrapper contract. Since the address was not on any sanctions list at the time of deposit and was not flagged by KYT (Know Your Transaction) tools, the funds were able to enter the protocol.Rand stated that law enforcement agencies recently issued asset restriction orders against several wallets linked to the hacker. At that time, the cUSDC wrapper contract held relatively small funds, with over 99% coming from the aforementioned hacker address. Consequently, the court ordered the freezing of the entire wrapper contract to restrict the movement of the related funds. Rand emphasized that this measure is not a sanction against Zama or privacy protocols, but a common judicial freezing measure in the DeFi space.To cooperate with the investigation, Zama has suspended the operation of the cUSDC, cUSDT, and cWETH contracts until the investigation is complete, all involved addresses are identified, and corresponding measures are taken. Rand reiterated that Zama adheres to the principle of "compliant confidentiality" and will not tolerate any illegal activities. He also indicated that a more detailed post-mortem of the incident and a plan for handling similar requests in the future will be released subsequently.
privacy computing protocol Zama posted on the X platform stating that Circle's compliance system flagged an external deposit address. Because this address held funds in the cUSDC contract, the entire cUSDC contract was included in a routine freeze measure. Zama emphasized that this incident is "collateral damage" caused by the affected address and is not a sanction action targeting the Zama protocol. Currently, Zama's legal team has intervened and is working with relevant parties to isolate the flagged address and restore normal access to funds for other unaffected participants as soon as possible.
Odaily Planet Daily reports: Multicoin Capital co-founder Kyle Samani posted on X platform analyzing three possible scenarios for the development of Kalshi and the US crypto perpetual contract market:1. Kalshi's previous efforts are irrelevant: Because the US market itself can already offer unregulated perpetual contracts.2. Protocols must pass the eight decentralized tests of the CLARITY Act: If the CLARITY Act passes smoothly, protocols can offer perpetual contracts in the US without registering as a DCO (Designated Contract Organizer) and DCM (Designated Contract Market).3. Products can still attract users but cannot legally enter the US financial system: Even with user recognition, protocols may still be unable to distribute within a compliant framework.Analysis suggests that these potential outcomes highlight the complex relationship between current US derivatives regulation and decentralized protocols, as well as the uncertainty surrounding the compliant implementation of innovative financial products.
the U.S. Department of State announced the designation of two Brazilian organizations, Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), as "Specially Designated Global Terrorists (SDGTs)." They plan to officially designate them as "Foreign Terrorist Organizations (FTOs)" starting June 5, 2026. These organizations have been accused of using digital currencies for money laundering, with PCC reportedly using Bitcoin mining as a cover for laundering funds.Previously, Brazil passed a new law in March of this year allowing confiscated crypto assets to be used for public safety expenditures. This move marks Brazil's shift in viewing crypto assets from a potential reserve tool to law enforcement resources, strengthening efforts to combat crimes by PCC, CV, and other organizations, while advancing the judicial system's capabilities in regulating and disposing of digital assets.
: John Wang, head of Kalshi's crypto business, posted on X platform, saying in a joking tone that "Kalshi is not a cryptocurrency company."John Wang stated that Kalshi is the first regulated platform in the United States to legally offer crypto perpetual contract trading; cryptocurrency-related prediction market trading volume accounts for approximately 70% of the platform's total trading volume, making it the second-largest business category. Meanwhile, Kalshi also serves as a liquidity layer for Coinbase and Phantom's frontend, and only accepts cryptocurrency for international deposits.He once again joked at the end: "That's right, Kalshi is not a cryptocurrency company."
South Korea’s Financial Intelligence Unit (FIU) plans to discontinue its push for mandatory Suspicious Transaction Reports (STRs) for large cross-border virtual asset transfers and peer-to-peer wallet transfers, while continuing to expand the scope of Travel Rule oversight to further strengthen digital asset transaction tracing.
Kraken has announced plans to launch its first perpetual futures product regulated by the U.S. Commodity Futures Trading Commission (CFTC) in the U.S. market within the next 30 days.Eligible U.S. clients will be able to trade perpetual futures on digital assets including BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, and AVAX through Kraken Pro. Kraken stated that it will gradually expand contract types and product features in the future, as well as provide more collateral options.It is reported that the perpetual futures on Kraken Pro are provided by NinjaTrader Clearing, LLC (operating as Kraken Derivatives US), which is a CFTC-registered Futures Commission Merchant. The related spot margined and perpetual futures products will be available on the Bitnomial Exchange, a CFTC-regulated exchange that was recently acquired by Payward, Kraken's parent company.
“New Stock God” Serenity shared on platform X his top 4 most favored stocks currently: AAOI, SIVE, Foci, and Shunsin, stating that at their current market capitalizations, these targets offer the best risk-reward ratio.He indicated that AAOI benefits from capacity expansion in 2027 and growing demand for silicon photonics; SIVE’s photonics business revenue pipeline is growing rapidly with high profit margins; Foci is a key participant in the NVIDIA and TSMC FAU supply chain; and Shunsin is deeply involved in the CPO and photonics packaging business undertaken by Foxconn, yet its related value has not been fully priced in by the market.Additionally, Serenity listed XFAB as a “runner-up” target, believing it stands to benefit from the EU's Chips Act 2 and the development of the silicon photonics industry.
While investigating the flow of ransom payments in an encrypted kidnapping case, French investigators discovered that part of the funds entered wallets linked to Venezuela, thereby uncovering a suspected cross-border cryptocurrency money laundering chain.
The president of the Uruguay Blockchain Chamber warned that the current cryptocurrency regulatory proposals lack differentiation among business risks and set high entry barriers, potentially undermining local innovation vitality.
The U.S. Congress is advancing bipartisan digital asset tax legislation. The newly introduced PARITY Act aims to update tax rules for crypto assets and is viewed as another key crypto-related bill following the CLARITY Act.
the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Texas resident Nathan Fuller, alleging he fraudulently raised approximately $12.3 million from about 150 investors through a fake "AI crypto trading bot" project.The SEC stated that from October 2022 to mid-2024, Fuller offered and sold crypto investment joint venture interests through entities named Privvy Investments LLC and Gateway Digital Investments. He claimed to use an "AI high-frequency arbitrage bot" for crypto asset trading and promised investors "guaranteed returns" of 40% to over 100% within 21 to 45 days.Regulators allege that Fuller also falsely claimed investment funds were protected by FDIC insurance, surety bonds, and professional liability insurance. In reality, the purported trading bot did not operate as advertised. The SEC charges that Fuller misappropriated at least $6.2 million of investor funds for personal expenses and used approximately $5.5 million from new investors for "Ponzi-like payments," while misleading investors through fake account statements and fictitious institutional communications.The SEC has filed a lawsuit in the U.S. District Court for the Southern District of Texas, accusing Fuller of violating securities offering and anti-fraud laws, and is seeking permanent injunctions, disgorgement of ill-gotten gains, and civil penalties.
uncertainty surrounding the Federal Reserve's monetary policy path has spurred demand for cash-like assets, pushing the total assets of U.S. money market funds to a record $8.281 trillion.According to the latest data from Crane Data, approximately $66 billion flowed into the money market fund industry during the week ending May 28. Of this, about $41 billion was received on Thursday as investors adjusted their portfolios ahead of the month's end. Since the start of this year, money market funds have attracted a cumulative inflow of approximately $172 billion. (Bloomberg)
Odaily Celsius founder Alex Mashinsky has filed a motion with a New York court, seeking to overturn his 12-year sentence for fraud and market manipulation.Court documents show that Mashinsky chose to proceed pro se after his lawyers withdrew, claiming they 'stopped communicating' with him, forcing him to file documents personally with the court. He argues that his previous defense constituted 'ineffective assistance of counsel' and invokes the 'fruit of the poisonous tree' doctrine, challenging the legality of certain evidence in the case.In his filings, Mashinsky also accused Sam Bankman-Fried of intending to 'destroy Celsius' and attributed market manipulation related to the CEL token to FTX. Additionally, he publicly disclosed text messages with former Celsius Chief Revenue Officer Roni Cohen-Pavon, alleging that Cohen-Pavon attempted a 'hostile takeover' of the company.In 2025, Mashinsky pleaded guilty to commodities fraud and securities fraud, was ordered to forfeit $48 million, and must also pay a $10 million settlement to the U.S. Federal Trade Commission. Cohen-Pavon, who previously testified as a cooperating witness for the prosecution, has been sentenced to 'time served' and ordered to pay over $1 million in fines. (Cointelegraph)
U.S. SEC Chairman Paul S. Atkins stated at the 2026 Reagan National Economic Forum that the U.S. Securities and Exchange Commission is advancing a "New Era SEC" regulatory reform, focusing on modernizing digital asset regulation, promoting on-chain capital market development, and supporting the U.S. in becoming a "global crypto hub."Paul Atkins criticized the SEC's previous "regulatory hostility" towards the digital asset industry, alleging that much crypto innovation was forced to relocate overseas. He stated that with the support of the Trump administration, the SEC has launched "Project Crypto" and is collaborating with the Commodity Futures Trading Commission to promote on-chain market infrastructure and harmonize crypto regulation. The SEC has recently clarified which digital assets are securities and which are not, and is advancing an innovative exemption mechanism for "tokenized listed securities," while studying how on-chain trading systems can fit within existing regulatory frameworks.Additionally, Paul Atkins emphasized that the SEC will reduce "over-disclosure" and regulatory burdens, promote "Make IPOs Great Again" reforms, including lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing to repeal the climate disclosure rules introduced under the previous administration. The future of U.S. capital markets should be built on a "free market and innovation-driven" foundation, where the regulator's role is to provide clear rules and legal certainty, not to suppress technological development.
Michael Saylor posted on platform X, stating that CFTC guidelines are driving the development of the Bitcoin capital market, including 24/7 trading, BTC collateral, perpetual futures, options, and regulated access. This will benefit BTC holders, power the MSTR engine, and support the development of STRC as Bitcoin-backed digital credit.