Tag: Breaking

Polymarket is seeking CFTC approval to reopen its primary, crypto-native exchange to American traders after a four-year hiatus. The company is reportedly discussing merging its blockchain infrastructure with the regulatory licenses of its domestic entity, QCX LLC. The decision rests primarily with CFTC Chair Michael Selig, as four of the five commissioner seats currently remain vacant. Polymarket, the world’s largest decentralized...

Patrick Witt, Executive Director of the White House Digital Assets Presidential Advisory Committee, teased a “big announcement” regarding the Strategic Bitcoin Reserve expected within the next few weeks. The administration claims to have reached a legal and operational breakthrough to solidify the government’s Bitcoin holdings on the national balance sheet. In tandem, lawmakers have rebranded the “BITCOIN Act” as...

Brazil’s National Monetary Council (CMN) and telecommunications regulator Anatel have blocked access to 27 prediction market platforms, including industry leaders Polymarket and Kalshi. The crackdown is based on Resolution No. 5,298, which restricts derivative contracts to economic benchmarks like inflation and interest rates, effectively banning event-based markets. Government officials cited the need to protect household income and reduce...

TokenLogic has proposed that the Aave DAO commit 25,000 ETH from its treasury to the “DeFi United” recovery fund. The coalition aims to restore rsETH backing after an April 18 exploit on Kelp DAO’s bridge left Aave with nearly $200 million in bad debt. The effort has already secured approximately 73,700 ETH in commitments from Mantle, Ether.fi, Lido, and Aave founder Stani Kulechov. The industry-wide response to the April 18 Kelp...

A coalition of DeFi protocols has pledged over 43,500 ETH (valued at more than $100 million) to restore the backing of rsETH.Mantle led the recovery effort with a 30,000 ETH loan proposal, while Aave founder Stani Kulechov personally pledged 5,000 ETH.The AAVE token has recovered to $96 as markets remain paused across five major networks during the resolution phase. The decentralized finance community has initiated an unprecedented rescue...