Assemble AI

President Donald Trump issued a May 19 executive order that tasks federal regulators with considering tighter fraud screening for services to undocumented immigrants. The order directs the Treasury Department to craft guidance on peer-to-peer payment platforms used for off-the-books wage payments. Experts warned that reduced banking access could push some people toward crypto, cash, shadow banks, or organized crime networks. Tom Feltner said stablecoins and Bitcoin ATMs lack uniform protections that federal remittance providers must offer.

The American Gaming Association said states and tribes have lost more than $1 billion to prediction markets after its online counter crossed that mark on Thursday. Kalshi rejected the estimate, and the Coalition for Prediction Markets said the AGA's underlying sources could not be located. The dispute comes after the U.S. gambling industry generated $78.72 billion in revenue and $18.09 billion in gaming taxes for 2025.

The U.S. Department of Justice charged Google software engineer Michele Spagnuolo with commodities fraud, wire fraud, and money laundering. Prosecutors allege Spagnuolo used confidential Google data to place prediction market bets. DOJ said the bets generated more than $1.2 million in profits from October to December 2025.

Headline PCE inflation rose 3.8% in April from a year earlier, nearly double the Federal Reserve's 2% goal. Core PCE held at 3.3%, while monthly core eased to 0.2% against the 0.3% economists expected. Bitcoin slid toward $73,300 after Thursday's release and hovered near $73,000 through the weekend.

Argentina's Buenos Aires Public Prosecutor's Office pulled the trigger on 24 arrests and bagged over 8 million USDT in a crackdown on the Fake Coins crypto-scam. They executed 90 raids, pulling in nearly 60 million pesos in cash and 80 mobile devices. Prosecutors estimate the total economic damage from these schemes at almost 3 billion pesos, with more than 100 reports filed.

Alephium said its bridge lost about $815,000 across Ethereum and BNB Chain on Friday after forged messages passed through the backend. The team shut the bridge and said no new transactions can be initiated. Alephium and Blockaid said the exploit did not involve guardian key compromise.

Hyperliquid grew into a major on-chain perpetual exchange after its 11 employees generated over $900 million in profit last year without VC funding. The platform distributed 31% of HYPE supply to users through its genesis airdrop. Hyperliquid links nearly all transaction fees to HYPE buybacks, but lower volume and future unlocks remain key risks.