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Coinbase faces user pushback on prediction-market alerts

Coinbase rolled out prediction market bets for US-based users in January through a partnership with Kalshi, expanding the exchange’s product scope beyond traditional crypto trading. As March Madness unfolds, however, user feedback has highlighted a growing tension around how aggressively Coinbase is deploying event contracts and push notifications to drive engagement, with some describing the approach as akin to sports betting rather than crypto activity. The rollout comes amid broader scrutiny of prediction markets in the United States, where regulators, lawmakers, and industry participants are navigating questions about jurisdiction, consumer protection, and potential misuse. Coinbase’s moves sit at the intersection of retail access to complex financial instruments and the evolving regulatory framework that governs how such markets should operate in the US. Coinbase previously indicated that the Kalshi-backed service would bring a range of outcomes to the platform, from political eve...
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Kraken Master Account Approval Pressures Fed by Lawmakers

Approach by Fed Raises Concerns The Federal Reserve Bank of Kansas City granted Payward Financial a limited purpose account that is operating under the name Kraken Financial. But authorities have said not much regarding the scope of services to which the account is related, and this has raised questions amongst legislators regarding openness and uniformity in the process of approving the account. Waters has formally requested Kansas City Fed President Jeff Schmid to clarify what legal framework is applied to handle the approval of the account. Further, she reported that existing laws and Federal Reserve access account regulations fail to specify or mention a limited purpose account, casting doubt on the interpretation of regulations. The legislator has also questioned whether Kraken will be able to get important Federal Reserve products like payments processing, cash management, and securities transferring. Also, she needs to seek clarification regarding potential boundaries associated...
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Vietnam Probes Major Crypto Fraud Case Involving Vemanti Group

Vietnam is investigating a huge crypto fraud involving Vemanti Group. As crypto use grows, Vietnam is increasing rules and oversight. Nearby countries are also cracking down on online financial scams. Hanoi, Vietnam — Authorities in Vietnam have initiated what officials believe to be one of the biggest online crime cases involving online assets, as more regions strive to counter online financial fraud. Vemanti Group Becomes Focus of Public Attention According to a state-related Vietnamnet source, police believe there is a large-scale scheme that drew billions of US dollars from investors. Although authorities have not released a precise assessment of the overall losses, initial reports indicate the financial impact could be substantial. The inquiry has made Vemanti Group the center of attention, as it was reported only after the Ministry of Public Security publicly announced the case and local media subsequently covered it. The company said that its board chairman Nhan Vuong a...
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ETH Dips Under $2K as Traders Signal Further Downside

Ether edged below the $2,000 mark on Friday, signaling another potential leg lower for the leading smart contract token. Trading around $1,975, ETH slipped roughly 5% over the past 24 hours, according to TradingView data. The move came as traders weighed weak near-term demand against a backdrop of outflows from spot ETH funds and retreating exchange activity, raising the prospect of a deeper correction in the weeks ahead. Market participants monitored liquidations and price structure for clues about how much further downside might be in store. Data from Coinglass showed more than $111 million in long Ethereum liquidations as the price pressed lower, underscoring how quickly leverage could unwind in a volatile move. The price action also followed a failure to clear resistance around $2,200 earlier in the week, a bottleneck that had capped any sustained recovery despite long-term bulls arguing for a fundamental case beyond price action. Key takeaways ETH price has shown structural weak...
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SBF pardon odds drop after parents' interview, crypto traders react

The odds of Sam Bankman-Fried receiving a presidential pardon remain a niche, high-profile topic shaping crypto policy discourse rather than a near-term legal turn. After a March interview with CNN featuring Bankman-Fried’s parents, the two leading American prediction markets trimmed their odds for a pardon in 2026, underscoring how public appeals and framing of the case can subtly influence sentiment around the former FTX chief executive. Polymarket and Kalshi kept their 2026 pardon probability estimates in the single digits, yet each nudged slightly downward in response to the interview and subsequent media attention. Polymarket’s price implied an 11% chance of a presidential pardon this year, while Kalshi priced in about 9%. The moves followed a CNN broadcast in which Barbara Fried and Joseph Bankman argued that their son’s fraud conviction should be reconsidered and that Alameda Research borrowed customer funds from FTX, but the funds were not used improperly. Key takeaways The lat...
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Vietnam Targets ONUS-Linked Figures in Crypto Fraud Investigation

Vietnamese authorities have moved to curb a multi-city crypto fraud case tied to the ONUS platform, detaining several suspects accused of using false promotions and manipulated trading to siphon investor funds. The Ministry of Public Security said the operation centers on a group that sold digital tokens via ONUS, employing misleading campaigns and coordinated market activity to lure users while maintaining centralized control over price and liquidity. Among those named by investigators are Vuong Le Vinh Nhan, connected to Vemanti Group and tied to XPLOR, the Singapore-based parent company of ONUS Pro; Tran Quang Chien, identified as the ONUS exchange’s technical administrator; and Ngo Thi Thao, director of HanaGold Jewelry JSC. Authorities allege the group created and promoted tokens including VNDC, ONUS and HNG through the ONUS platform, with the probe suggesting billions of dollars were raised from investors. No official loss breakdown has been published. In parallel to Vietnam’s wi...
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Tether's USDT to undergo its first full audit by KPMG, FT reports

Tether is moving toward deeper financial transparency with a landmark step: hiring KPMG for its first full audit of USDT’s financial statements, while PwC assists in strengthening internal systems. The Financial Times reported the move, noting that the audit will extend beyond reserve snapshots and aim to cover the company’s assets, liabilities, and internal controls. This development follows Tether’s earlier pledge to enlist a Big Four firm for an inaugural financial statement audit, and it arrives as the company weighs broader ambitions in the US market amid evolving stablecoin regulation. USDT remains the largest stablecoin by market capitalization, with about $185 billion in circulation. Tether disclosed in January that it held more than $122 billion in direct U.S. Treasury securities and about $141 billion in total Treasury exposure, including related instruments such as overnight reverse repurchase agreements. This backdrop helps frame why a comprehensive audit—beyond reserve att...
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