Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. Summary A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions. The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws. The decision deepens a growing legal split over
Jeremy Sturdivant, the 19 year old who received 10,000 Bitcoin for two pizzas in May 2010, spent almost all of it long before BTC crossed even $1, let alone today’s five figure levels. Summary In 2010, 10,000 BTC was worth about $40 to $41 and bought two Papa Johns pizzas for Laszlo Hanyecz in Jacksonville.
Federal Reserve Governor Christopher Waller warned that stubborn inflation and surging energy costs now outweigh labor market risks, signaling that rate hikes are “back on the table” and jolting expectations that had been primed for cuts a few months ago. Summary Waller said US CPI hit 3.8% in April with energy prices up 17.9% as
Harbor Capital is trying to slice the AI boom into lab-branded trades, filing for a suite of active “Lab ETFs” tied to Anthropic, DeepMind, Meta, OpenAI and xAI ecosystems. Summary Harbor capital’s proposed Lab ETFs would each focus on companies tied to a single AI lab, from Anthropic to OpenAI and xAI SpaceXAI The funds
Mario Nawfal’s viral interview casts Patrick Gruhn as one of the few FTX insiders who not only survived but materially profited from the wreckage. Summary Gruhn sold his firm to FTX for about $400 million and later repurchased FTX Europe’s assets for roughly $32.7 million after bankruptcy His new platform UpsideOnly executes trades with company
The U.S. House Committee on Oversight and Government Reform has opened an investigation into Polymarket and Kalshi over concerns tied to insider trading and wagers allegedly linked to classified information. Summary James Comer launched a congressional probe into Polymarket and Kalshi over suspected insider trading and classified-information betting activity. Lawmakers cited reports of suspicious Iran-related
NEAR Protocol has rallied more than 44% from its weekly low as AI-driven momentum, protocol upgrade optimism, and aggressive short liquidations pushed the token toward a major technical breakout. Summary NEAR price surged more than 44% from its weekly low as AI narrative momentum, protocol upgrade optimism, and short liquidations fueled a breakout above key
Solana price has recovered from recent market weakness, with bulls now attempting to overcome double-top resistance near the $100 level. Summary Solana price traded near $87 as traders monitored whether mounting short liquidations and improving ETF sentiment could drive a breakout above $100. Morgan Stanley reportedly refiled a Solana ETF with staking support under the
Polymarket’s UMA CTF Adapter contract on Polygon has reportedly been targeted in a suspected exploit, with onchain analysts warning users to pause activity. Summary ZachXBT flagged a suspected UMA CTF Adapter exploit on Polygon with losses above $520K reported. PeckShield said two addresses were drained and some stolen funds were deposited into ChangeNOW already. Bubblemaps
THORChain node operators are voting on ADR028, a recovery plan that would restart the network after a $10.7 million exploit without minting new RUNE. Summary THORChain’s ADR028 plan would use protocol-owned liquidity first before sharing remaining losses with synth holders. The proposal avoids new RUNE minting, token sales, or holder dilution while node operators vote
