BG Wealth Collapses in Apparent ‘Rug Pull’ as US Authorities Seize Website
The investment scheme BG Wealth Sharing Ltd., previously flagged by the Philippine Securities and Exchange Commission (SEC) as a Ponzi scheme, has seemingly collapsed. Following months of soliciting investments from overseas Filipino workers (OFWs) and global retail investors, the platform…
Coinbase Says Prediction Markets Are Maturing, CFTC Needs No New Mandate
Key Takeaways: Coinbase urged the CFTC to regulate prediction markets under existing derivatives law. Federal oversight could prevent fragmented state enforcement across interstate prediction markets. Courts, regulators, and states are still divided over jurisdiction and enforcement. Coinbase Pushes CFTC Oversight…
Grayscale Names ETH, SOL, LINK in $30B Market
Key Takeaways: Grayscale identified Ethereum, Solana, Canton, Avalanche, BNB Chain, and Chainlink as key beneficiaries of tokenization growth. Tokenized assets reached about $30 billion, expanding 217% year-over-year, led by Treasuries and commodities. Future adoption may boost blockchain fees, liquidity, and…
New Politico Poll Reveals US Voter Skepticism Over AI and Crypto Campaign Cash
Key Takeaways: Fairshake and Leading the Future have deployed over $100 million to influence the 2026 midterm election outcomes. A Politico poll found 45% of Americans view crypto as too risky, potentially hurting industry-backed candidates. Lobbyists for OpenAI and Ripple…
Blackrock and Circle Lead Tokenized Treasuries as Market Value Climbs to $15.20B
Key Takeaways: rwa.xyz data shows tokenized Treasuries hit $15.20B in May; growth signals rising onchain demand. Circle’s USYC leads at $2.91B, while Blackrock BUIDL at $2.58B reflects institutional traction. Top 10 exceed $13.9B combined; multi-chain expansion may drive further adoption…
Gareth Soloway Warns Bitcoin Could Drop to $50K as Bear Flag Tightens at $85,000
Key Takeaways: Gareth Soloway of Verified Investing warns bitcoin could drop 38% to $50,000 as a bear flag pattern takes hold. Soloway told David Lin that recession odds have shifted to 2027, driven by $700 billion in annual AI capex…
Strategy Skips Weekly Bitcoin Buy After 108 Total Purchases, 818,334 BTC Holdings
Key Takeaways: Strategy paused bitcoin purchases after its latest disclosed $255 million BTC acquisition. Investors shifted focus toward MSTR’s leverage, reserves, volatility, and bitcoin exposure. Traders will keep watching Saylor’s orange-dot posts for the next buy signal. Strategy Pause Shifts…
Bitcoin Difficulty Falls 2.3% as Hashrate Slips Below 1 ZH/s and Block Times Slow
Key Takeaways: Bitcoin difficulty fell 2.3% on May 1, marking 6 cuts in 2026 as hashrate dipped below 1 ZH/s. Over the last seven days, Foundry USA mined 31.51% of 987 blocks, and with Antpool and ViaBTC combined, it pushes…
Brazil Bans Crypto Transfers as Meta Launches USDC Payouts
Key Takeaways: On April 30, Brazil’s Central Bank banned crypto in cross-border payments, impacting institutions by Oct 1. Bitso’s 2025 report reveals stablecoins drove 40% of Latam crypto buys, shifting the market toward stability. In 2026, Meta and Stripe launched…
France Scraps Dangerous Reporting Rule, Pension Fund Buys MSTR, And More
This week’s crypto stories spanned enforcement, mining, regulation, adoption, and institutional flows. Chainalysis traced Iran-linked stablecoin routing behind a major USDT freeze, while Riot continued its steady BTC sales to NYDIG. France dropped a proposed self-custody reporting rule, Binance argued…
