White House reviews CFTC prediction-market rule as Trump backs federal control

The White House’s regulatory review office is examining a proposed Commodity Futures Trading Commission (CFTC) rule on prediction markets, according to a federal filing that could shape how platforms such as Kalshi and Polymarket operate across the U.S. A RegInfo.gov entry shows that the proposal was received by the Office of Information and Regulatory Affairs…

CFTC Seeks to Reverse Gemini Settlement

The US Commodity Futures Trading Commission has asked a federal court to vacate its $5 million settlement with crypto exchange Gemini, claiming that the agency’s enforcement action was based on flawed allegations. Gemini settled with the CFTC and paid a $5 million fine in January 2025 in the final weeks of the Biden administration after…

Bitcoin Bears Break $75K Support: Is $70K Next?

Bitcoin’s (BTC) rising funding rate and aggregated open interest suggest bullish investors are opening longs in an attempt to defend the range lows and an important support at $70,000, but another day of spot ETF outflows has investors concerned that the institutional stance on BTC is shifting. As shown in the chart below, Bitcoin open…

Google Software Engineer Faces Charges Over Polymarket Bets

US authorities have charged a Google employee with allegedly using information from the company to make bets on Polymarket and profit $1.2 million. The Justice Department said on Wednesday that it unsealed charges against Google software engineer Michele Spagnuolo, accusing him of accessing unreleased internal information at Google and placing 25 bets worth $2.7 million…

Italy’s Banca Sella Gets MiCA Approval for Crypto Services

Italian bank Banca Sella announced that it has completed its notification process with the Bank of Italy under the European Union’s Markets in Crypto-Assets (MiCA) regulation, allowing it to offer crypto-asset services. On Wednesday, the bank said it is the first bank in Italy authorized to offer crypto-asset services, adding that the approval will allow…

U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

The U.S. Commodity Futures Trading Commission wants to tear up the remnants of an old dispute with crypto exchange Gemini, with the agency insisting that its own staff’s assertions about Gemini making misleading statements weren’t handled properly. The CFTC filed a request alongside Gemini in federal court to negate a settlement secured at the start…

Bitcoin Miner Inflows Test BTC Demand Near $75K

Bitcoin (BTC) miner inflows to Binance crossed 20,000 BTC for only the second time this year, placing fresh pressure on Bitcoin’s daily uptrend near the $75,000 support zone. Will BTC defend its higher-timeframe bullish structure, or is the market on the verge of a broader bearish trend shift?  BTC miner supply meets weaker demand Crypto…

Crypto-Linked Payment Card Volume Surges 230% Since May 2025

Monthly payment volume on crypto-linked debit and credit cards is up about 230% over last year, amid a proliferation of crypto-related payment products. Cumulative volume on crypto-linked payment cards reached $7.8 billion this month, according to The Kobeissi Letter, a market research publication. Payments giant Visa is capturing about 90% of crypto card transactions through…

Ether Squeeze Risk Grows As Shorts Crowd Near $2K Support

Ether (ETH) remains under pressure after failing to reclaim the $2,150 resistance level. Despite the decline, ETH’s aggregate open interest has increased by roughly 350,000 ETH, suggesting new short positions are entering the market. With more than $1.5 billion in bearish positions clustered above $2,150, a successful defense of the $2,000 support zone could trigger…

PAC Lauds Texas Primary Wins, Says it will ‘Aggressively Back’ Pro-Crypto Candidates in Future Races

After six Republican and Democratic candidates supported by cryptocurrency-backed interest groups won primaries for US House of Representatives and Senate seats in Texas, one of the biggest political action committees (PACs) said it would “aggressively back leaders” supporting crypto policies in the future. On Tuesday, candidates notched six wins for congressional runoff primaries in Texas, supported…