Minimalist News

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Fri, May 1, 2026, 12:34 AM EDT

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.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


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