Coinbase urges CFTC to keep prediction markets under rules
Coinbase has urged U.S. derivatives regulators to keep prediction markets under existing rules, filing a formal response as legal pressure builds around event-based contracts. Summary Coinbase has submitted a letter to the Commodity Futures Trading Commission arguing that prediction markets…
Ukraine thwarts Russian offensive, Kostyantynivka capture unlikely by year-end
## Market Snapshot In the market for Russia capturing Kostyantynivka by December 31, the YES price is currently at 77%, down 3% from a week ago. This reflects a decline in expectations following recent developments. ## Key Takeaways – The…
Bitcoin Price Pushes Above $80,000 for First Time Since January
Bitcoin’s price has moved past the major psychological resistance level of $80,000. The cryptocurrency did this today for the first time since January, sparking hopes of a renewed rally and higher highs. Source: TradingView The move comes on the back…
Bitcoin critic Warren Buffett warns crypto traders on risky bets
Warren Buffett used the 2026 Berkshire Hathaway shareholder meeting to warn investors about rising speculation across markets. Summary Buffett said investors are showing a stronger gambling mood across volatile markets and short-term trades. He criticized one-day options, calling them gambling…
Trump’s rejection of Iran proposal impacts US-Iran diplomatic meeting outlook
## Market Snapshot The “Russia x Ukraine ceasefire by June 30, 2026” market is priced at 9.5% for a YES outcome, down slightly from 10% in the last 24 hours. Meanwhile, the “next US x Iran diplomatic meeting” market lacks…
Tether Records $1B Net Profit in Q1 Attestation Report
While generating a net profit above $1.04 billion, Tether’s excess reserve buffer hit a record $8.23 billion, concentrated in short-duration liquid instruments. The leading stablecoin issuer has released its attestation report for the first quarter of 2026, revealing a…
Coinbase says crypto bill deal clears Senate path
Coinbase says Senate negotiators have reached a deal on a disputed crypto bill provision tied to stablecoin rewards. Summary Coinbase says negotiators reached a rewards compromise, easing a key delay for the CLARITY Act. Banks secured limits on deposit-like yield,…
Spirit Airlines ceases operations amid Strait of Hormuz fuel crisis
## Market Snapshot Spirit Airlines Shutdown market is currently priced at 100% YES, with an expectation that Spirit will cease operations by May 31. The collapse was triggered by a severe fuel price surge due to the Strait of Hormuz…
Treasury Secretary Scott Bessent Says the US Is Targeting Iran’s Access to Crypto
Placing crypto alongside shadow banking and weapons procurement means Treasury believes it is being used for actual trade settlement. US Treasury Secretary Scott Bessent posted on X on April 29 that Washington’s sanctions campaign is now going after Iran’s…
Peter Thiel’s Founders Fund raises record $6B fund
Peter Thiel’s Founders Fund has closed a new $6 billion fund, marking the largest raise in the venture capital firm’s history. Summary Founders Fund closed a record $6 billion fund focused mainly on late-stage startup investments. Limited partners provided $4.5…
