CFTC crypto oversight questioned after officials were pushed out
Senior Commodity Futures Trading Commission officials who raised concerns about prediction market firms were suspended, investigated and pushed out, according to a New York Times investigation. Summary NYT reported CFTC officials raised concerns about Polymarket, Crypto.com and a Gemini affiliate…
Brent Crude Tumbles Below $99 as Trump Signals US-Iran Deal, Bitcoin Holds Near $77K
Key Takeaways Brent crude fell below $99 on May 24 as Trump declared a U.S.-Iran deal “largely negotiated,” targeting the reopening of the Strait of Hormuz. JPMorgan forecasts Brent averaging $60 long-term if tensions ease, with WTI potentially sliding into…
Pi Network’s First Year on Open Mainnet: What Actually Happened
On February 20, 2025, after more than six years of mobile mining and three years of closed mainnet operation, Pi Network finally dropped its firewall and let PI trade. Summary Pi Network opened its mainnet firewall on February 20, 2025,…
Silicon Valley Law Firm Fenwick & West Settles FTX Fraud Claims for $54 Million
Key Takeaways Fenwick & West agreed to pay $54 million to settle FTX customer claims, pending approval by Judge K. Michael Moore. The deal brings combined professional services payouts tied to the FTX collapse to roughly $66 million. A separate…
SEC Delays Plans for Tokenized Stock Trading on Crypto Platforms
The Securities and Exchange Commission has delayed a plan to provide exemptions for crypto exchanges to trade tokenized real-world assets. The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and…
Solana Activity Hits Record High Despite SOL’s 33% Q1 Drop
Solana’s application revenue stayed remarkably stable at over $342 million despite weaker market conditions. SOL fell 33% in the first quarter of 2026 to close at around $83, but Messari’s Q1 State of Solana report tells a story that’s…
Can Litecoin hit $1,000 after its ETF and 2027 halving?
Litecoin has returned to market discussion after crypto analyst Crypto Patel said LTC could still reach higher cycle targets, while warning that a $1,000 move remains difficult without stronger institutional demand. Summary Litecoin traded near $53, remaining about 87% below…
Strategy Pauses Bitcoin Buying as Saylor’s ‘BitVac’ Comment Puts Next BTC Buy on Watch
Key Takeaways Strategy highlighted bond-related activity instead of bitcoin buying after holdings climbed to 843,738 BTC. Preferred stock, debt obligations, and liquidity reserves remain central investor concerns. Future financing activity may signal another phase of large-scale BTC accumulation. Saylor’s ‘BitVac’…
The first privacy coin ETF: inside Grayscale’s Zcash filing
On May 12, 2026, Grayscale filed a Form S-3 with the SEC to convert its existing Zcash Trust into a spot exchange-traded fund trading on NYSE Arca under the ticker ZCSH. Summary Grayscale filed a Form S-3 to convert its…
Big Short’s Michael Burry Warns SEC Tokenized Stock Plan Risks ‘Snow Crash’ Future – Bitcoin News
Key Takeaways Michael Burry cited Neal Stephenson’s 1992 novel Snow Crash in a May 19 Substack warning about SEC tokenized stock plans. The SEC under the Trump administration proposed an innovation exemption for crypto firms, but delayed the plan on…
