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US Law Firm Moves to Block Frozen ETH From Kelp Exploit

A New York district court signed a restraining notice and three writs of execution to prevent the Arbitrum DAO from moving Ether believed to be tied to the Kelp exploit, according to a Friday post on the Arbitrum DAO forum by US law firm Gerstein Harrow LLP. The firm says its clients—unaffected by the Kelp exploit—won default judgments against North Korea in 2010, 2015 and 2016 and are owed about $877 million in compensatory and punitive damages, plus interest. It argues the stolen Ether is "property" in which the DPRK has a stake because the hacker group behind the attack is tied to the country. The freeze comes as the Kelp DAO breach, which is believed to have been carried out by TraderTraitor, a North Korea–linked subgroup of Lazarus, sent shockwaves through the DeFi ecosystem. In the days that followed, Arbitrum’s Security Council moved to halt activity on a substantial amount of Ether tied to the incident—30,766 ETH, valued at over $73 million at the time—stewing in a wa...
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CFTC Sees Mixed Feedback on Crypto Prediction Market Rulemaking

The U.S. Commodity Futures Trading Commission is soliciting public input on a March-proposed rule aimed at tightening and clarifying the agency’s authority over prediction-market event contracts. More than 1,500 comments were filed as the comment window closed, reflecting a broad mix of support for clearer federal oversight and concerns that new rules could curb access or push activity into less regulated spaces. Key takeaways The CFTC drew more than 1,500 public responses to its proposed rule, which would empower the regulator to amend or issue new regulations for event contracts on prediction markets. Kalshi and Polymarket endorsed the CFTC’s stance on exclusive federal jurisdiction, with Kalshi’s Luana Lopes Lara urging guidance to keep event contracts listed and overseen by the Commission; Polymarket’s Justin Hertzberg likewise backed strong CFTC authority. Industry voices such as Andreessen Horowitz supported the move, arguing that state actions to regulate or ban prediction...

Stablecoins eye $112B LATAM remittance outside US-Mexico, Bybit says

Bybit’s chief marketing officer, Claudia Wang, argues that the Latin American remittance opportunity extends far beyond the well-trodden US-to-Mexico corridor. In a recent post, she highlighted growing corridors within the region and emphasized that the “hot” routes are often not the ones fintechs have optimized for, urging a country-specific approach to capture the full LATAM remittance potential. Key takeaways The non-US-to-Mexico remittance market in LATAM is about $112 billion, with corridors such as Venezuela-to-Colombia, Argentina-to-Bolivia, and Spain-to-Ecuador presenting notable growth. Overall remittances in the US-to-Mexico corridor fell to $61.8 billion in 2025, a 4.5% decline, while US-to-Central America flows showed stronger growth-year signals. US immigration policy is shaping behavior: Central American migrants are sending more money home—faster and in larger amounts—to hedge deportation risk, whereas the Mexican diaspora appears more established, dampening panic-...

CFTC's Prediction Market Rulemaking Raises Compliance Questions

The U.S. Commodity Futures Trading Commission (CFTC) is navigating a high-stakes regulatory discussion as it closes a public-comment window on a proposed rule designed to strengthen its authority over prediction markets. The rule, introduced in March, would allow the agency to amend or issue new regulations for event contracts traded on prediction platforms, with the comment period ending this week. The outreach drew more than 1,500 responses from a range of stakeholders, including prediction-market operators, crypto firms, and consumer-advocacy groups. According to Cointelegraph, the feedback underscored a broad debate about how the CFTC should supervise these markets and the proper balance between federal oversight and state authority. Kalshi, a prominent player in the prediction-market space, publicly endorsed the CFTC’s approach. In a letter to the agency, Kalshi’s co-founder and chief operating officer, Luana Lopes Lara, argued that the CFTC’s current framework is “well-designed a...

Tangem Wallet launches new promo with BTC rewards and prize draw

Hardware wallets are back in focus as self-custody gains momentum In today’s crypto market, one trend is quietly returning to the spotlight: self-custody. After years dominated by centralized exchanges and DeFi platforms, more users are rethinking how they store their assets. Events over the past cycles have reinforced a simple idea: controlling your private keys matters. Bitcoin and Ethereum continue to lead the market, but at the same time, awareness is growing. The phrase “Not your keys, not your coins” is becoming less of a slogan and more of a practical rule. As a result, hardware wallets are seeing renewed interest. Tangem’s approach: simplicity over complexity Among the newer solutions in this space, Tangem has been gaining attention for taking a different approach. Instead of relying on traditional seed phrases and complex setups, Tangem uses NFC-based cards that allow users to manage their crypto in a much simpler way. This design removes a major barrier for many users, especi...

Saylor Signal Triggers MicroStrategy Bitcoin Purchase Pause

Strategy, the world’s biggest publicly traded holder of Bitcoin, is pausing new crypto purchases ahead of its first-quarter earnings release, set for Tuesday. Executive Chairman Michael Saylor signaled the pause in a post on X, saying “No buys this week.” The move comes as the company prepares to lay out its financials and context for investors who have watched its Bitcoin hoard grow into a central pillar of Strategy’s equity narrative. The latest disclosed purchase shows Strategy added 3,273 BTC for about $255 million between April 20 and 26, according to an 8-K filed with the U.S. Securities and Exchange Commission on April 27. With these additions, Strategy’s total BTC holdings reach 818,334 coins. The company has reported an average acquisition price of $77,906 per BTC, lifting its cost basis per coin to about $75,537. Bitcoin itself traded around the high $70,000s on the date in question, according to CoinGecko. Strategy’s buying activity in April, alongside inflows into U.S. spot...

Strategy Triggers Brief Pause in Bitcoin Buying

Strategy Executive Chairman Michael Saylor has signaled a pause on new Bitcoin purchases as Strategy (the world’s largest publicly traded Bitcoin holder) gears up for its Q1 earnings release. In a post on X, Saylor wrote that there would be “No buys this week,” mirroring a step back from the company’s recent cadence of capital deployment. The latest on-chain activity shows Strategy adding 3,273 BTC for $255 million between April 20 and 26, according to an 8-K filing with the U.S. Securities and Exchange Commission on April 27. Analysts, meanwhile, are bracing for a downside surprise in the quarter, with Tuesday’s report expected to show an $18.98 per-share loss, driven in part by mark-to-market Bitcoin accounting. That figure would widen from the prior year’s $16.49-per-share loss. Source: Michael Saylor on X Key takeaways Strategy pauses new Bitcoin purchases ahead of its Q1 earnings release, signaling a shift in timing even as the company continues to hold a large BTC stake. The fir...