Uphold Rejects New York Claims After $5M Customer Repayment Deal

Key Takeaways: Uphold disputed New York’s claims and denied knowingly promoting Cred’s alleged misconduct. Customers will receive more than $5 million through repayments and transferred bankruptcy recoveries. Settlement requires broker registration, tighter due diligence, and stronger compliance controls going forward. Uphold Challenges New York CredEarn Settlement Claims Uphold HQ Inc. disputed New York’s account of …

Stefan Muehlbauer Warns DOJ Indictments End ‘Safe Zone’ as US Army Sergeant Case Expands Risk

Key Takeaways: The DOJ charged Army Sgt. Van Dyke for using classified data to net over $400,000 on Polymarket. Stefan Muehlbauer notes that the case subjects decentralized platforms to the Commodity Exchange Act. A June 8, 2026, hearing will clarify legal standards for prediction market participants and operators. The End of the ‘Safe Zone’ An …

Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops

Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 billion held outside banks, curbing liquidity. Facimex Valores Adrián Yarde Buller notes that citizens distrust banks due to the 2001 crisis. Milei has walked back his main campaign promise to dollarize Argentina, citing peso preference. Argentines Still Distrust the Government: Fiscal …

Influencer Ashcrypto Under Fire for Alleged ROYA Pump-and-Dump Scheme

Key Takeaways: ZachXBT alleged that Ashcrypto ran several pump-and-dump schemes on illiquid CEX-listed altcoins. Evidence shows Ashcrypto called ROYA publicly, then told followers he was “holding 100%” while selling. The allegation is amongst other similar influencer-based manipulations that have continued into 2026. The ROYA Incident Ashcrypto, who has over 2.1 million followers on X, made …

NHL and MLB Sign With Polymarket and Kalshi as Their Unions Ask CFTC to Intervene

Key Takeaways: Player unions for the NFL, MLB, NBA, NHL, and MLS jointly asked the CFTC to ban “negative outcome” and “mention” event contracts. The NHL has data partnerships with both Polymarket and Kalshi, and Polymarket is MLB’s exclusive prediction-market partner. The CFTC received over 1,500 public comments before its rulemaking input window closed on …

Bitmine Pushes $13.1 Billion Treasury as 5,180,131 ETH Position Reshapes Crypto Balance

Key Takeaways: Bitmine reached $13.1 billion in holdings on May 3, 2026, including 5.18 million ETH and 200 Bitcoin. Ranking as the #2 global treasury, Bitmine now trades $625 million daily, outpacing firms like DoorDash. Thomas Lee expects the CLARITY Act’s 2026 passage to drive agentic AI commerce and ETH staking growth. Ethereum Dominates Holdings …

UAE Intercepts Missiles as Bitcoin Surges Past $80K, Triggering $270M Liquidations

Key Takeaways Bitcoin hit a 3-month peak of $80,617 on May 4, possibly signaling the end of the latest crypto winter. Volatility caused $554 million in liquidations as Brent crude hit $115 amid Strait of Hormuz tensions. Economists warn of a global recession unless the Trump administration and Iran reach a peace agreement. Ending the …

Blackrock IBIT Drives Inflows as Bitcoin ETFs Post $163M Weekly Gains

Key Takeaways: Bitcoin ETFs logged $162.8M inflows, boosted by Blackrock IBIT’s $136.6M. Ether ETFs saw $82M outflows, led by Blackrock ETHA, showing weaker demand. XRP (-$35K) and Solana (-$1.2M) lag, as markets watch if bitcoin strength will continue to hold. Investors Trade $1B+ Daily in Bitcoin ETFs as Flows Shift to Selective Risk The week …

DTCC Tokenization Draws 50+ Firms for Live Securities Testing

Key Takeaways: DTCC plans July live trades before an October rollout for tokenized securities markets. Participation includes over 50 firms across banking, custody, trading, and digital asset sectors. DTC supports the effort with over $114 trillion in assets held across its custody system. DTCC Tokenization Service Moves Toward Live Production The Depository Trust & Clearing …

Taco Tech Tuesday Returns to Miami for Consensus Week With Cinco de Mayo Edition at Crysp Studio

PRESS RELEASE. Taco Tech Tuesday (TTT), the flagship blockchain and technology networking series, well known for previous standout events such as Taco Tech Tuesday ETHDenver Edition and Taco Tech Tuesday Chainlink Edition, is set to host its highly anticipated Consensus Taco Tech Tuesday: Cinco De Mayo Edition, bringing together leaders, builders, and innovators from across …

World Liberty Alleges Justin Sun Used Threats and Shorting to Hit WLFI Token

Key Takeaways: WLF sued Justin Sun in Miami on May 4, 2026, over claims he defamed the Trump-backed crypto venture. The WLFI token faced volatility and lows as Sun allegedly moved $300 million to Binance to short the coin. Future court dates will address Sun’s April claim that WLF illegally froze $75 million of his …

Binance Launches Withdrawal Lock Feature to Block Forced Fund Transfers

Key Takeaways: Binance introduced Withdraw Protection to block on-chain withdrawals during user-selected lockdown windows. Coercion risks can bypass passwords, 2FA, and other standard digital safeguards. Users can choose one- to seven-day locks, with optional early unlock requiring a security key and authenticator app. Binance Withdraw Protection Targets Forced Crypto Transfers Crypto exchange Binance has expanded …

Remittance Giant Western Union Ditches Legacy Rails for Its Own Stablecoin

Key Takeaways: Western Union launched its 1st stablecoin, USDPT, on Solana with Anchorage Digital Bank. Solana’s 24/7 settlement capabilities free up idle liquidity for Western Union’s operations. By June 2026, Stable by Western Union will launch consumer services across 4 countries. Remittance Giant Western Union Launches Solana-Based USDPT Stablecoin Even remittance giants, which have resisted …

Tether Mints 5 Billion USDT in Two Weeks as Liquidity Signal Builds Alongside Bitcoin Rally

Key Takeaways: Tether minted 5B USDT in two weeks, including 1B USDT on Tron on May 4. USDT’s total supply now stands at $189.5B, giving Tether a 58.9% share of the $321B stablecoin market. Large-scale USDT minting historically precedes buying pressure; bitcoin crossed $80,000 the same day. Tether’s Two-Week Minting Wave Onchain data service Lookonchain …

ZachXBT Flags Polyarb as Fake Prediction Market With an Active Wallet Drainer

Key Takeaways: ZachXBT warned on May 4, 2026, that Polyarb hosts an active wallet drainer targeting crypto users. Prominent accounts replying to Polyarb posts amplify the scam to new audiences without realizing it. The alert follows ZachXBT’s recent exposure of a U.S. law firm seeking $71 million in Lazarus-linked frozen funds. What Polyarb Is Doing …

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