DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report

Key Takeaways Federal investigators are examining oil futures trades totaling more than $2.6 billion. Large bets preceded Iran-related updates that appeared to move global oil prices. Authorities are reviewing whether nonpublic information influenced the timing and scale. DOJ and CFTC Probe Oil Futures Bets Before Iran Updates The Department of Justice (DOJ) and Commodity Futures …

The Alchemy Chain Mainnet is Live

PRESS RELEASE. Alchemy Pay today announced the launch of the Alchemy Chain mainnet, marking a major milestone in its evolution toward building a globally compliant stablecoin payment network. The network is positioned as the world’s first payment blockchain to align with both European Union MiCA and Hong Kong HKMA regulatory frameworks, with plans to natively …

‘Fully Invested’: Bollinger Bands Creator Officially Calls a New Bitcoin Bull Market

Key Takeaways John Bollinger made his first bullish call since 2025, fully investing in Bitcoin to ride the next market breakout. Following a 30-day rally, Tom Lee echoed this shift, predicting that a Bitcoin spring is the next market phase. Defying April tensions, Bitcoin topped $80K, prompting Bollinger to predict further near-term market gains. Bollinger …

Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it plans to scale its Muskogee, Oklahoma campus to roughly 1.5 gigawatts of gross power, or about 1 gigawatt of …

Quantmap Co-Founder Warns Single-Platform Influencers Could Be Hiding Botted Fans

Key Takeaways A 2024 Coinwire study reveals 76% of X influencers promoted meme coins that collapsed into obsolescence. Mega-influencers with 200,000+ followers saw catastrophic 89% negative returns on their 90-day promotions. Quantmap’s Ivan Patriki predicts that by 2031, audience trust will outweigh simple follower counts on TikTok. The Collapse of Influence A study conducted in …

Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion

This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Miami-based company said it signed a $9.8 billion triple-net lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces …

Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON

Key Takeaways Pavel Durov announced Telegram will replace the TON Foundation as the network’s largest validator. Toncoin (TON) surged 32% to $2.89 by May 7, 2026, as market caps hit $7.6 billion and flipped LINK. Integration with hundreds of millions users and the Clarity Act may drive a supply lock-up via 20% plus staking APR. …

Polymarket Odds Hit 20% for the US Government to Confirm Alien Life in 2026

Key Takeaways Driven by Trump, Polymarket odds for 2026 alien disclosure hit 20% as users await future UAP releases. As Kalshi odds reach 22.5%, 3 pastors report meeting intel officials to prep the church for disclosure. Despite Obama doubting secret aliens, the FBI plans to release UAP files, shaping 2026 betting markets. Alien Disclosure Odds …

Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank

Key Takeaways Ondo, Ripple, and Mastercard piloted a cross-border Treasury redemption on the XRP Ledger on May 6. The test proves 24/7 real-time settlement for tokenized assets, solving a major friction point for banks. Next, Ondo joins a DTCC working group with BlackRock and 2 others to standardize on-chain infrastructure. Integration of Public and Private …

Kenyan Court Detains Man 7 Days Over $440,000 Crypto App Fraud Probe

Key Takeaways Detaining Dickson Nyakango over a $440K scam exposes retail risks; court resumes this month. After Kestrel flagged a 7% scam, DCI will next trace GSIWEA to curb market fraud. Following this $440K crime, Kenya will next gazette the 2025 VASP Act to oversee exchanges. Suspicious App Triggered Investigation A Kenyan court ordered the …

Kraken Launches US Spot Margin Trading With up to 10x Leverage

Key Takeaways Kraken introduced U.S.-regulated spot margin trading for eligible U.S. clients on Kraken Pro. Traders can use approved crypto assets with up to 10x leverage and collateral controls. Additional products may follow as Payward expands regulated trading across related platforms. Kraken Expands Regulated Trading Access Crypto exchange Kraken has expanded its U.S. trading offering …

Prediction Market Fight Deepens as 40 States Push Back on CFTC

Key Takeaways States argued sports-related prediction markets function as wagers, not federally regulated derivatives. Kalshi court wins have raised the stakes for preemption in state gambling enforcement nationwide. Attorneys general warned CFTC oversight could weaken protections for addiction, integrity, and insiders. States Say Sports Markets Belong Under Gambling Oversight A multistate coalition sent an April …

Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

Key Takeaways Evernorth named new board members and executives ahead of its planned public listing. Ripple’s legal chief, Stuart Alderoty, is expected to join the board after closing. Company leaders plan to offer regulated XRP exposure through an active treasury model. Evernorth Expands Leadership Team Evernorth Holdings Inc. announced on May 5, 2026, that it …

Circle Urges OCC to Finalize Strong GENIUS Act Stablecoin Rules

Key Takeaways Circle supported OCC rules for payment stablecoins under a national licensing framework. Uniform standards could reduce arbitrage, protect users, and support trusted digital dollars. Final rules may shape redemption, reserves, supervision, and issuer competition nationwide. Circle Backs National Stablecoin Licensing Standards Circle Internet Group (NYSE: CRCL) revealed May 5 that it had submitted …

Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage

Key Takeaways Coinbase introduced gold and silver perpetual futures for eligible non-U.S. users. The contracts are USDC-settled, reference one troy ounce, and carry maximum leverage of up to 25x. The launch extends Coinbase’s effort to connect crypto-based infrastructure with traditional commodity markets. Crypto Exchange Adds Gold and Silver Perpetual Futures Crypto exchange Coinbase (Nasdaq: COIN) …

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