Crypto
AI Summary
- The U.S. Senate has effectively banned its members and staff from engaging in prediction market betting, a move prompted by insider trading concerns, particularly highlighted by events on platforms like Polymarket.
- Spot Bitcoin ETFs experienced significant outflows totaling over $490 million, raising questions about the sustainability of Bitcoin's recent rally, even as the $75,000 cost basis remains a key support level.
- Stablecoin adoption is accelerating in Latin America, with Bitso reporting that stablecoins have now surpassed Bitcoin in crypto purchases within the region, indicating a shift towards more stable digital assets for transactions.
- Recent crypto hack losses in April have exceeded $630 million, marking the highest monthly total since February 2025, with notable incidents including the $285 million drain from Drift attributed to North Korean hackers.
- The U.S. government continues to pursue legal actions related to crypto, including suing states and seizing Iranian crypto assets, while simultaneously exploring regulatory frameworks for tokenized assets and stablecoins, with Spain emerging as a leading retail market for EURC in Europe.
Sources
Cointelegraph
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US Senate bans itself from betting on prediction markets
3 hours ago
by Cointelegraph by Jesse Coghlan
Latest NewsThe US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House.
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Spot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum?
3 hours ago
by Cointelegraph by Marcel Pechman
MarketsSpot Bitcoin ETF outflows reached $490 million as crypto investors considered the impact of high oil prices, Big Tech earnings and a shortfall in AI industry growth metrics.
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Stablecoins overtake Bitcoin in Latin America crypto purchases — Bitso
8 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsA Bitso report shows shifting user behavior as dollar-linked stablecoins gain traction for everyday financial use across Latin America’s inflation-hit economies.
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Bitcoin’s $75K cost basis emerges as key support zone for current bull trend
10 hours ago
by Cointelegraph by Biraajmaan Tamuly
MarketsBitcoin found support above a key investor cost-basis level as spot BTC ETF flows and spot positioning compressed BTC’s price range in preparation for the next trending move.
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Insider trading backlash forces Polymarket to step up surveillance
11 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsPolymarket has selected Chainalysis to flag suspicious trades as insider betting concerns mount and regulators tighten scrutiny on prediction markets.
CoinDesk
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U.S. senators won't be weighing in on prediction markets bets after banning themselves
7 hours ago
by Jesse Hamilton
Policy, Prediction Markets, Polymarket, NewsThe Senate agreed unanimously to revise its rules to ban members and their staffs from wagers on prediction markets platforms.
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From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s crypto slump is just a temporary speed bump
10 hours ago
by Helene Braun
Markets, NewsCathie Wood’s Ark Invest snapped up over 500,000 shares of Robinhood on Wednesday, joining a wave of analysts who believe a surge in April trading activity will outweigh a recent earnings disappointment.
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Senator Warren questions Commerce Secretary Lutnick on Tether loan to family
12 hours ago
by Jesse Hamilton
Policy, Tether, White House, NewsSenators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.
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A Polymarket-linked bet on the weather in France forecasts a major data issue
14 hours ago
by Ruben Hallali
OpinionThe incident shows that as more real-world outcomes become tradable, the real bottleneck is not trading itself, but the integrity and certification of the data used for settlement, argues Hallali.
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Gemini eyes prediction market challenge to Kalshi, Polymarket, secures derivatives license; shares surge
14 hours ago
by Olivier Acuna
Policy, Prediction Markets, Winklevoss, CFTC, Derivatives, NewsTyler and Cameron Winklevoss' crypto exchange now holds licenses allowing it to expand into regulated derivatives and prediction markets, the fastest-growing sectors in crypto.
Decrypt
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Mistral AI Drops New Open-Source Model. The Internet Is Not Impressed, Except for One Thing
8 hours ago
by Jose Antonio Lanz
Artificial IntelligenceMistral Medium 3.5 is the rare Western entry in the open-source top tier, but it costs multiples more than Chinese rivals that beat it on benchmarks.
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Elon Musk Says xAI Used OpenAI Models to Train Grok
9 hours ago
by Jason Nelson
Artificial IntelligenceThe admission in federal court is a rare acknowledgment of the use of distillation techniques as AI firms compete to build more capable and cheaper models.
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Bitcoin Crash Incoming? April Surge Was Built on Shaky Ground, Analysts Warn
9 hours ago
by Decrypt Agent
MarketsAnalysts warn that the Bitcoin rally was fueled by speculative futures trading, mirroring conditions that preceded the 2022 crypto crash.
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OpenAI Rolls Out Advanced Account Security for ChatGPT Users
10 hours ago
by Jason Nelson
Artificial IntelligenceOpenAI's new opt-in security feature requires passkeys, limits recovery options, and excludes chats from training.
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Ubuntu Linux Is Adding AI Features—Its Users Are Worried
10 hours ago
by Jose Antonio Lanz
Artificial IntelligenceCanonical announced plans to bake AI into Linux's most popular distro. The community that chose Ubuntu specifically to avoid this kind of thing was not thrilled.
AMBCrypto
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Memecore rally stalls at $4.7 – Is M entering a distribution phase?
an hour ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, News 1, No Homepage, Social, Trading ViewThe rejection from the $4.7 highs and subsequent losses meant bullish conviction has been somewhat quelled in the short-term.
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MORPHO seed investor sells $1.5 mln – Why price isn’t collapsing yet
2 hours ago
by Erastus Chami
Altcoin, News, News 1, Social, Trading View, ambcryptoMorpho faces VC-driven sell pressure as declining OI and negative funding weigh on price.
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STABLE tests KEY imbalance zone after 10% drop – Reversal ahead?
3 hours ago
by Kelvin Murithi
Altcoin, News, News 1, Social, Trading ViewSTABLE is nearing a key imbalance zone as rising holder growth and market cap suggest the current pullback may reverse soon.
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$22 mln whale dump hits HYPE – Is more downside coming next?
4 hours ago
by Evans Boto
Altcoin, News, News 1, Social, Trading ViewHYPE weakens after whale selling as breakdown below structure exposes downside risk.
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Can Ripple’s RLUSD eye $2B milestone after OKX expansion?
5 hours ago
by Benjamin Njiri
News, News 1, Ripple, Social, Stablecoins, Trading View, ambcryptoCan Ripple's RLUSD jump into the top 10 stablecoin list and cross the $2B milestone after OKX partnership?