Key Takeaways: Sen. Jeff Merkley led Democrats asking the CFTC to ban event contracts in 5 categories, including sports. Merkley filed the letter on April 30, the final day of the CFTC’s 45-day rulemaking input period. Sports drove 87% of Kalshi’s $39.7 billion in event-contract volume in the year ending February. Lawmakers Want the CFTC …
Monthly archives: May 2026
Pentagon Eyes Bitcoin Infrastructure as Strategic Asset, Hegseth Says
Key Takeaways: Pete Hegseth told Congress on April 30, 2026, that Bitcoin efforts are classified inside the Pentagon. Samuel J. Paparo Jr. confirmed INDOPACOM runs 1 Bitcoin node and tests protocol for cybersecurity. Trump administration signals include 2026 Bitcoin reserve talks and expanded national security focus. Bitcoin Enters U.S. Defense Doctrine as Hegseth Speaks to …
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Blackrock Pulls $54M From IBIT as Bitcoin ETF Slide Pushes Assets Below $100B
Key Takeaways: Bitcoin ETFs saw $137.8M outflows, led by Blackrock IBIT, marking 3 straight outflow days. Ether ETFs lost $87.73M as Fidelity FETH dropped, signaling broader market caution. XRP ETFs gained $3.59M via Bitwise, while Solana stayed flat for the third day in a row. Traders Push $2.04B Through Bitcoin ETFs as Outflows Reshape Outlook …
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Solana Yield Protocol Carrot Shuts Down After Drift Exploit Drains $8M in TVL
Key Takeaways: Carrot ( DeFi Carrot) shut down April 30, 2026, citing the $285 million Drift Protocol exploit as the cause. Users have until May 14, 2026, to withdraw from Boost, Turbo, and CRT before forced deleveraging begins. Drift recovery distributions will be paid proportionally via IOU token, based on a CRT snapshot from April …
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Defillama Confirms April 2026 as Crypto’s Most-Hacked Month With 30 Incidents
Key Takeaways: Defillama confirmed April 2026 as the most-hacked month in crypto history, with 28-30 incidents totaling over $625M stolen. Drift Protocol lost $285M on April 1, and KelpDAO lost $293M on April 18, together accounting for 93% of April losses. DeFi analysts warn that Q2 2026 faces intensified scrutiny on bridges and social engineering …
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US Senate Bans Lawmakers From Betting on Prediction Markets
Key Takeaways: Sen. Bernie Moreno led the U.S. Senate to pass a unanimous ban on prediction market trading on April 30, 2026. Prediction platforms like Polymarket and Kalshi saw 2026 volume surges amid growing insider trading scandals. Senate Rule XXXVII now bars 100 members from betting on event contracts to ensure public trust in policy. …
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Bitcoin Miner MARA Holdings Signs $1.5B Deal for Ohio Gas Plant, Plans AI Data Center
Key Takeaways: MARA Holdings agreed to buy Long Ridge Energy for $1.5 billion, adding a 505 MW Ohio gas plant on April 30, 2026. The deal lifts MARA’s total power capacity 65% to 2.2 GW, with artificial intelligence (AI) data center buildout targeting mid-2028 service. FTAI Infrastructure shares jumped roughly 14% as the sale lets …