Kalshi sues Minnesota over prediction ban
Kalshi has sued Minnesota to block the state’s prediction market ban set to take effect on August 1. Summary Kalshi filed a federal lawsuit against Minnesota over its new prediction market ban law. The company argues the Commodity Exchange Act…
CFTC Sues Rhode Island as State Rules Threaten Prediction Markets
Key Takeaways Federal officials are challenging Rhode Island’s attempt to regulate event-contract platforms under gambling laws. Prediction markets have become a major regulatory battleground as trading expands across political, economic, and sports-related events. Courts may decide whether federal commodities law…
Google Engineer Accused of Turning Secret Search Data Into a $1.2M Polymarket Profit
AlphaRaccoon’s username was removed from the Polymarket account after users on Discord and X speculated that the trader may have been a Google insider. US prosecutors have charged Google software engineer Michele Spagnuolo, also known online as ‘AlphaRaccoon,’ with…
Digital Chamber rallies Senate on CLARITY Act
The Digital Chamber is leading a coalition of crypto firms pressing the Senate to pass the CLARITY Act. Summary The Digital Chamber is leading more than 100 crypto firms urging Senate passage of the CLARITY Act. The coalition wants action…
CFTC Moves to Drop Gemini Restrictions in Case It Says Shouldn’t Exist
Key Takeaways The CFTC said the Gemini enforcement case would not meet current filing standards. The agency cited disputed evidence, whistleblower credibility concerns, and litigation conduct issues during review. Federal agencies are increasingly coordinating crypto oversight while revising enforcement standards…
UniCredit warns of EU crypto bank crisis
UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. Summary UniCredit’s Elena Carletti warned Europe lacks tools to backstop crypto-linked deposits the way US regulators did after SVB. MiCA pushes stablecoin…
BIS Tests Tokenized Bank Payments With Visa, JPMorgan, UBS and Deutsche Bank
Key Takeaways BIS Project Agorá will test real-money blockchain payments with JPMorgan and UBS. ECB, Fed, and BIS aim to cut cross-border payment delays using tokenized ledgers. Project Agorá keeps sanctions and AML checks inside existing banking rails. Project Agorá…
Bitcoin drops out of global top 10 as Magnificent Seven surge
Bitcoin has slipped out of the world’s top 10 assets by market capitalization, with its value down to about $1.09 trillion as U.S. tech giants in the “Magnificent Seven” power higher. Summary CoinDesk says bitcoin’s market cap has fallen to…
Trezor Adds USDC and USDT Yield to Suite, Targeting 2 Million Hardware Wallet Users
Key Takeaways Trezor launched native USDC and USDT yield in Suite v26.5.2 on May 28, 2026, powered by Morpho. Over 2 million Trezor users can now access decentralized finance ( DeFi) yield without connecting a third-party wallet. Steakhouse-curated Morpho Vaults…
Crypto News Today (May 28): Crypto Crashing as BTC Nears $70K as Blackrock Dumps Over $500M Bitcoin
In crypto news today, the market is crashing during this mid-morning European trading session on May 28, 2026, with the Bitcoin price falling -3.5% overnight, dropping to around $73,200, with fears that a loss of $70,000 is next. ETH USD…
