Crypto News Snap
Tracking the why behind every crypto move—and what might come next. News-driven updates, coin-specific analysis, and market psychology—decoded daily.
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A significant surge has been observed in the $SUI (SUI) network, with its price rising by 50% over the last seven days to reach $1.40. According to CoinGecko, the 24-hour trading volume has surpassed $2.8 billion. A major driver of this rally is the announcement by Mysten Labs co-founder Adeniyi Abiodun, who stated that confidential transactions and zero-fee stablecoin transfers will be launched on Sui this year. Additionally, DeepBook Predict is now live on the testnet, signaling an increase in the network's utility.
Current market sentiment is bullish, as Nasdaq-listed SUI Group Holdings disclosed in its Q1 earnings report that it holds over 108 million SUI tokens. These tokens are staked and generate a daily yield of approximately 5,200 SUI. This holding accounts for about 2.7% of the circulating supply, valued at over $143 million. Alongside this, SUI futures began trading on the CME on May 4, following the February approval of spot SUI ETPs in the US from major firms like Grayscale and Bitwise.
Moving forward, it will be crucial to see when the promise of confidential transactions is fulfilled and when DeepBook Predict moves beyond the testnet for a full launch. If these updates arrive on schedule, stablecoin and real-world-asset activity on Sui could increase. However, if SUI Group Holdings sells its treasury or interest in regulated products declines, this rally could prove to be temporary. Therefore, it is important to monitor product adoption and treasury management in the coming days.
#IranRejectsUSPeacePlan #TrumpToVisitChinaFromMay13To15 #StrategyToResumeBTCPurchases #GrayscaleCardanoETF #BTCSurpassesTeslaMarketCap
Current market sentiment is bullish, as Nasdaq-listed SUI Group Holdings disclosed in its Q1 earnings report that it holds over 108 million SUI tokens. These tokens are staked and generate a daily yield of approximately 5,200 SUI. This holding accounts for about 2.7% of the circulating supply, valued at over $143 million. Alongside this, SUI futures began trading on the CME on May 4, following the February approval of spot SUI ETPs in the US from major firms like Grayscale and Bitwise.
Moving forward, it will be crucial to see when the promise of confidential transactions is fulfilled and when DeepBook Predict moves beyond the testnet for a full launch. If these updates arrive on schedule, stablecoin and real-world-asset activity on Sui could increase. However, if SUI Group Holdings sells its treasury or interest in regulated products declines, this rally could prove to be temporary. Therefore, it is important to monitor product adoption and treasury management in the coming days.
#IranRejectsUSPeacePlan #TrumpToVisitChinaFromMay13To15 #StrategyToResumeBTCPurchases #GrayscaleCardanoETF #BTCSurpassesTeslaMarketCap
$XRP is currently in an interesting zone where short-term bullish momentum is clearly visible. Price is trading at $1.4255 and over the last few days it has bounced from the $1.39 support and consolidated in the $1.42–$1.43 zone. TradingView's overall BIAS score is 5/7 bullish where Daily, 4H, 15Min, 5Min and 1Min are all showing bull trend. Only the Weekly timeframe is still bearish and 1H is running mixed — this indicates that a trend shift is happening but has not fully confirmed yet.
Open #Interest data is quite encouraging. Total #OI across all exchanges has reached $2.70B which is the highest recovery since March. Binance alone is carrying $484.49M OI. When OI increases and price also moves up together, it signals that fresh money is entering the market — this is generally bullish. CME also has $550.25M OI which is showing institutional interest.
Long/Short ratio is also showing dominance of longs. On Binance accounts the L/S ratio is 2.5051 and on OKX it is 2.81 — meaning retail traders are mostly on the long side. Top traders positions ratio is also 1.9399 which shows their bullish bias. Overall 24h L/S ratio at 0.9448 is slightly short-heavy but account-level data is leaning more towards longs.
Volume is definitely a concern — in 24 hours volume has dropped 39.61% and remained at only $1.94B. This indicates that conviction in the market is not strong right now. Volume needs to come back for bigger moves. Liquidation data is also mixed — on May 9 longs got liquidated at $73.72K and shorts at $47.72K — meaning both sides took losses which confirms the choppy price action.
The most important level right now is the $1.44 to $1.45 resistance zone. This level will need to be clearly broken for sustained upside. Below, the 200 MA at $1.3990 is acting as strong support. As long as price stays above this MA the bullish structure remains intact. If volume returns and $1.45 breaks then the next target can become $1.50 plus.
#CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets #StrategyBTCSalesLimitedToDividends
Open #Interest data is quite encouraging. Total #OI across all exchanges has reached $2.70B which is the highest recovery since March. Binance alone is carrying $484.49M OI. When OI increases and price also moves up together, it signals that fresh money is entering the market — this is generally bullish. CME also has $550.25M OI which is showing institutional interest.
Long/Short ratio is also showing dominance of longs. On Binance accounts the L/S ratio is 2.5051 and on OKX it is 2.81 — meaning retail traders are mostly on the long side. Top traders positions ratio is also 1.9399 which shows their bullish bias. Overall 24h L/S ratio at 0.9448 is slightly short-heavy but account-level data is leaning more towards longs.
Volume is definitely a concern — in 24 hours volume has dropped 39.61% and remained at only $1.94B. This indicates that conviction in the market is not strong right now. Volume needs to come back for bigger moves. Liquidation data is also mixed — on May 9 longs got liquidated at $73.72K and shorts at $47.72K — meaning both sides took losses which confirms the choppy price action.
The most important level right now is the $1.44 to $1.45 resistance zone. This level will need to be clearly broken for sustained upside. Below, the 200 MA at $1.3990 is acting as strong support. As long as price stays above this MA the bullish structure remains intact. If volume returns and $1.45 breaks then the next target can become $1.50 plus.
#CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets #StrategyBTCSalesLimitedToDividends
🇰🇷 South Korea: Buying #Homes With Crypto Profits
South Korea has started separately listing virtual asset sale proceeds in housing financing plans this year.
According to data from the Ministry of Land, Infrastructure and Transport, between February 10 and March 31, 2025, 324 homebuyers declared crypto asset sale proceeds in their residential financing plans.
The most interesting point is that buyers aged 30 to 39 reported 229 cases, with a total amount of 10.31 billion Korean Won (approx $7.4 million USD). This means 70.7% of these young buyers are investing their crypto profits into real estate.
However, these funds still represent only 0.1% of overall home purchase capital, so this is not a major capital rotation, but rather an early trend signal.
What To Expect?
If this percentage continues to rise in the coming months, it will indicate that crypto gains are increasingly shifting into real-world assets. If it stays close to 0.1%, there will be no major impact on the market for now.
Bottom Line: This data is still limited, but the 30s age group converting crypto profits into property points toward a new household behavior change. For Binance users, this is a watchlist signal, especially for those tracking the South Korean market.
#CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets #Korea #CryptoHousekeeping #BlackRockPlansMoneyMarketFundsforStablecoinUsers
South Korea has started separately listing virtual asset sale proceeds in housing financing plans this year.
According to data from the Ministry of Land, Infrastructure and Transport, between February 10 and March 31, 2025, 324 homebuyers declared crypto asset sale proceeds in their residential financing plans.
The most interesting point is that buyers aged 30 to 39 reported 229 cases, with a total amount of 10.31 billion Korean Won (approx $7.4 million USD). This means 70.7% of these young buyers are investing their crypto profits into real estate.
However, these funds still represent only 0.1% of overall home purchase capital, so this is not a major capital rotation, but rather an early trend signal.
What To Expect?
If this percentage continues to rise in the coming months, it will indicate that crypto gains are increasingly shifting into real-world assets. If it stays close to 0.1%, there will be no major impact on the market for now.
Bottom Line: This data is still limited, but the 30s age group converting crypto profits into property points toward a new household behavior change. For Binance users, this is a watchlist signal, especially for those tracking the South Korean market.
#CFTC&SECStrengthenOversightCollaborationOnPredictionMarkets #Korea #CryptoHousekeeping #BlackRockPlansMoneyMarketFundsforStablecoinUsers
🔶#coinbase — Custodian of 84% U.S. Spot Bitcoin ETF Assets
The U.S. spot #bitcoin ETF market's $77 billion, which is 84%, is held by Coinbase Custody alone. The total market stands at $91.7 billion. Only Fidelity self-custodies its FBTC, while all other funds use Coinbase Prime.
Coinbase states that assets are held in segregated cold storage and are not lent out. The #OCC has also recently given Coinbase conditional approval for a national trust bank charter.
The risk is that the entire #etf infrastructure relies on a single custodian. If any regulatory or operational issue arises, it could shake the entire market.
Everything is running smoothly for now — but this concentration is a silent risk.
#AltcoinRecoverySignals?
The U.S. spot #bitcoin ETF market's $77 billion, which is 84%, is held by Coinbase Custody alone. The total market stands at $91.7 billion. Only Fidelity self-custodies its FBTC, while all other funds use Coinbase Prime.
Coinbase states that assets are held in segregated cold storage and are not lent out. The #OCC has also recently given Coinbase conditional approval for a national trust bank charter.
The risk is that the entire #etf infrastructure relies on a single custodian. If any regulatory or operational issue arises, it could shake the entire market.
Everything is running smoothly for now — but this concentration is a silent risk.
#AltcoinRecoverySignals?
🚨 #U.S. Military Blocks Iran's Maritime Trade — What It Means for Markets
U.S. #CentralCommand Commander Brad Cooper has confirmed that the American military completely cut off all of Iran's maritime import and export trade in just 36 hours. Roughly 90% of Iran's economy depends on international maritime trade, making this blockade a serious economic strike.
#Markets are treating this move as a live geopolitical escalation. Shipping, energy, and broad risk assets — including crypto — could face increasing pressure if this disruption persists.
During the 2024 Red Sea crisis, cargo still had a diversion route available. In this case, Iran's own ports are being blocked — making the impact far more direct and concentrated.
The effects will hit #oil prices, freight rates, and insurance costs first, then spill into inflation expectations and overall risk appetite. If the blockade expands, cross-asset volatility could intensify significantly. For now, market sentiment is bearish and risk-off — caution is the better approach.
#CryptoMarketRebounds
U.S. #CentralCommand Commander Brad Cooper has confirmed that the American military completely cut off all of Iran's maritime import and export trade in just 36 hours. Roughly 90% of Iran's economy depends on international maritime trade, making this blockade a serious economic strike.
#Markets are treating this move as a live geopolitical escalation. Shipping, energy, and broad risk assets — including crypto — could face increasing pressure if this disruption persists.
During the 2024 Red Sea crisis, cargo still had a diversion route available. In this case, Iran's own ports are being blocked — making the impact far more direct and concentrated.
The effects will hit #oil prices, freight rates, and insurance costs first, then spill into inflation expectations and overall risk appetite. If the blockade expands, cross-asset volatility could intensify significantly. For now, market sentiment is bearish and risk-off — caution is the better approach.
#CryptoMarketRebounds
🚀 XRP Future Outlook – April 2026 & Beyond
XRP's future predictions show quite a bit of variation. The market is currently trading around $1.34 in April 2026.
📊 Short-Term Outlook (April 2026)
According to Polymarket's prediction markets, there is an 80% probability that XRP's high will cross $1.40 in April 2026, while the chance of reaching $1.60 is only 16% and just 2% for $2.00. On the downside, there is also a 26% chance of dropping to $1.20.
Analysts say that under current macro conditions, the April price may remain between $1.20–$1.40 — however, if the CLARITY Act passes, the price could go as high as $1.60.
📅 2026 Full Year Predictions
By the end of 2026, XRP could trade between $1.29 and $2.06, with an average around $1.56 — which represents 19% to 53% upside according to CoinCodex. Some sources also mention a consolidation phase where the price will move sideways, averaging between $1.30–$1.52.
🔮 Long-Term Forecast (2030 & Beyond)
Predictions for 2030 range from $5 to $15, representing 250% to 940% growth. In optimistic cases, reaching $28 is also possible. According to Binance data, XRP could reach $3.42 by 2027 — however, risks such as regulations and competition could also create a bearish scenario.
⚠️ This is purely educational analysis. Please do your own research before investing. The crypto market is highly volatile.
#xrp #crypto #BinanceSquare #XRPPrediction #CryptoAnalysis
XRP's future predictions show quite a bit of variation. The market is currently trading around $1.34 in April 2026.
📊 Short-Term Outlook (April 2026)
According to Polymarket's prediction markets, there is an 80% probability that XRP's high will cross $1.40 in April 2026, while the chance of reaching $1.60 is only 16% and just 2% for $2.00. On the downside, there is also a 26% chance of dropping to $1.20.
Analysts say that under current macro conditions, the April price may remain between $1.20–$1.40 — however, if the CLARITY Act passes, the price could go as high as $1.60.
📅 2026 Full Year Predictions
By the end of 2026, XRP could trade between $1.29 and $2.06, with an average around $1.56 — which represents 19% to 53% upside according to CoinCodex. Some sources also mention a consolidation phase where the price will move sideways, averaging between $1.30–$1.52.
🔮 Long-Term Forecast (2030 & Beyond)
Predictions for 2030 range from $5 to $15, representing 250% to 940% growth. In optimistic cases, reaching $28 is also possible. According to Binance data, XRP could reach $3.42 by 2027 — however, risks such as regulations and competition could also create a bearish scenario.
⚠️ This is purely educational analysis. Please do your own research before investing. The crypto market is highly volatile.
#xrp #crypto #BinanceSquare #XRPPrediction #CryptoAnalysis
CRYPTO NEWS — GEOPOLITICAL UPDATE
Iran-US Islamabad Talks Collapse
WHAT HAPPENED?
Iran's Foreign Minister Araghchi, in a phone call with French FM Barlot, stated that the US repeatedly changed its demands during negotiations, which prevented any agreement from being reached. Iran entered the talks with a good-faith attitude, but excessive US demands blocked the deal.
MARKET SENTIMENT:
Neutral — Risk-off — Event-driven. This diplomatic failure does not directly impact crypto for now, but geopolitical uncertainty has increased. If this remains limited to verbal exchanges, the market impact is expected to be minimal.
OPPORTUNITY:
If Iran and the US resume talks or narrow their demands, the dispute is likely to stay contained. As long as the situation remains verbal, no market action is warranted.
RISK:
If these failed talks escalate into concrete diplomatic or economic actions, sentiment across crypto and other risk assets could weaken.
The transmission channel runs through broader geopolitical risk rather than a direct crypto channel. As long as the dispute does not move into operational actions, market impact is expected to remain limited.
#USDCFreezeDebate #USMilitaryToBlockadeStraitOfHormuz #JustinSunVsWLFI #GIGGLESuddenSpike
Iran-US Islamabad Talks Collapse
WHAT HAPPENED?
Iran's Foreign Minister Araghchi, in a phone call with French FM Barlot, stated that the US repeatedly changed its demands during negotiations, which prevented any agreement from being reached. Iran entered the talks with a good-faith attitude, but excessive US demands blocked the deal.
MARKET SENTIMENT:
Neutral — Risk-off — Event-driven. This diplomatic failure does not directly impact crypto for now, but geopolitical uncertainty has increased. If this remains limited to verbal exchanges, the market impact is expected to be minimal.
OPPORTUNITY:
If Iran and the US resume talks or narrow their demands, the dispute is likely to stay contained. As long as the situation remains verbal, no market action is warranted.
RISK:
If these failed talks escalate into concrete diplomatic or economic actions, sentiment across crypto and other risk assets could weaken.
The transmission channel runs through broader geopolitical risk rather than a direct crypto channel. As long as the dispute does not move into operational actions, market impact is expected to remain limited.
#USDCFreezeDebate #USMilitaryToBlockadeStraitOfHormuz #JustinSunVsWLFI #GIGGLESuddenSpike
#FedChair Kevin Warsh's Senate Hearing Scheduled for April 13
The US Senate Banking Committee has scheduled a confirmation hearing for Kevin Warsh for the Federal Reserve Chair position during the week of April 13. This hearing had been delayed for a long time due to political disagreements, but is now moving forward.
Why Is This So Important?
Inflation is currently rising in the US and US-Iran tensions are also escalating. Due to these tensions, oil prices are up and global supply chains are also being disrupted, which is putting additional pressure on the US economy. This has made it difficult for the Federal Reserve to cut interest rates, and some are even saying that rates could increase.
This hearing is also important because lawmakers want to see how Warsh will handle these challenges — especially with issues like inflation and financial stability at the forefront.
What Is Kevin Warsh's Plan?
Warsh's focus is on shrinking the Fed's $6.6 trillion balance sheet. He says this could eventually create room for interest rate cuts. However, he has not yet clearly explained how this will be done.
This thinking aligns with people like Fed Vice Chair Michelle Bowman and Treasury Secretary Scott Bessent, who want liquidity rules on banks to be somewhat less strict. However, experts say that shrinking the balance sheet is not an easy task and could actually tighten financial conditions in the short term.
What Else Is Happening on April 13?
The CLARITY Act markup meeting is also expected to take place on the same day. This is a crypto regulation-related bill that has received bipartisan support. The community is confident that this bill will pass the Senate.
Keep an eye on these developments as they could affect both US monetary policy and crypto regulation.
#AsiaStocksPlunge #OilRisesAbove$116 #USNoKingsProtests #BTCETFFeeRace
The US Senate Banking Committee has scheduled a confirmation hearing for Kevin Warsh for the Federal Reserve Chair position during the week of April 13. This hearing had been delayed for a long time due to political disagreements, but is now moving forward.
Why Is This So Important?
Inflation is currently rising in the US and US-Iran tensions are also escalating. Due to these tensions, oil prices are up and global supply chains are also being disrupted, which is putting additional pressure on the US economy. This has made it difficult for the Federal Reserve to cut interest rates, and some are even saying that rates could increase.
This hearing is also important because lawmakers want to see how Warsh will handle these challenges — especially with issues like inflation and financial stability at the forefront.
What Is Kevin Warsh's Plan?
Warsh's focus is on shrinking the Fed's $6.6 trillion balance sheet. He says this could eventually create room for interest rate cuts. However, he has not yet clearly explained how this will be done.
This thinking aligns with people like Fed Vice Chair Michelle Bowman and Treasury Secretary Scott Bessent, who want liquidity rules on banks to be somewhat less strict. However, experts say that shrinking the balance sheet is not an easy task and could actually tighten financial conditions in the short term.
What Else Is Happening on April 13?
The CLARITY Act markup meeting is also expected to take place on the same day. This is a crypto regulation-related bill that has received bipartisan support. The community is confident that this bill will pass the Senate.
Keep an eye on these developments as they could affect both US monetary policy and crypto regulation.
#AsiaStocksPlunge #OilRisesAbove$116 #USNoKingsProtests #BTCETFFeeRace
#iran has warned that if Trump attacks its power plants, it will destroy regional infrastructure.
Iran's Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that if Trump acts on his threat, the energy infrastructure of the US or Israel will be "unexpectedly destroyed."
Trump posted on Truth Social on Saturday that the US will "target and wipe out" Iran's power plants if the sea route is not reopened within 48 hours.
The Strait of Hormuz, which supplies about 20% of global oil, has been closed since the conflict began on February 28, causing crude oil prices to skyrocket.
#TrumpConsidersEndingIranConflict #iOSSecurityUpdate #OpenAIPlansDesktopSuperapp #AnimocaBrandsInvestsinAVAX
Iran's Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that if Trump acts on his threat, the energy infrastructure of the US or Israel will be "unexpectedly destroyed."
Trump posted on Truth Social on Saturday that the US will "target and wipe out" Iran's power plants if the sea route is not reopened within 48 hours.
The Strait of Hormuz, which supplies about 20% of global oil, has been closed since the conflict began on February 28, causing crude oil prices to skyrocket.
#TrumpConsidersEndingIranConflict #iOSSecurityUpdate #OpenAIPlansDesktopSuperapp #AnimocaBrandsInvestsinAVAX
Porsche's operating profit in 2025 dropped to just €90 million, down from €5.3 billion the previous year—a 98% plunge. This was driven by €4.7 billion in costs from retreating on its EV strategy, a 26% sales drop in China, and €700 million in losses from US tariffs.ReasonsEV Retreat: Porsche slowed its full-electric plans due to weak demand, leading to a €3.9 billion writedown.China Market: Luxury car sales fell 26% there amid challenging conditions.Tariffs and Restructuring: US import tariffs and company reorganization expenses further hurt profits.2026 OutlookPorsche expects sales to decline further but targets an operating margin above 5%, focusing on hybrids and combustion engines to regain profitability. VW Group's overall profits were also impacted.
#porsche #EV #AutoIndustry #BusinessNews #ChinaMarket
#porsche #EV #AutoIndustry #BusinessNews #ChinaMarket
🛢️ Oil Price Whipsaw: $119 → < $90Brent crude hit record $119.50/bbl single-day jump.Plunged below $90 after Trump CBS remarks: "Iran war progressing faster than expected."Strait of Hormuz largely shut → Saudi Aramco/OPEC cutting output; storage filling, tankers stalled.Market Impact:Asian rebound: Kospi +6%, Nikkei +3% (WSJ).
#Oil #CryptoMarkets #Binance #TrumpSaysIranWarWillEndVerySoon #OilPricesSlide
#Oil #CryptoMarkets #Binance #TrumpSaysIranWarWillEndVerySoon #OilPricesSlide
#NVIDIA CEO Jensen Huang said at a Morgan Stanley conference that OpenAI's planned #IPO makes the $100 billion investment "not in the cards." The $30 billion equity stake replaces a September 2025 deal tied to deploying 10 gigawatts of AI data center capacity; Huang called it possibly Nvidia's last chance to invest in a "consequential" private #AI company. Huang also signaled Nvidia's $10 billion investment in Anthropic is likely its final stake, as both OpenAI and Anthropic move toward potential public listings.
#MarketRebound #AIBinance
#MarketRebound #AIBinance
🔐 #Fhenix : New Solution for Blockchain Privacy — FHE Technology
The biggest problem with blockchain is that everything is public — wallet balance, trades, everything. This is a big obstacle for private businesses and DeFi projects.
Fhenix founder Guy Zyskind says that Fully Homomorphic Encryption (FHE) is the real solution to this problem.
What is FHE?
FHE is a technology in which encrypted data can be processed without decrypting it. This means smart contracts can handle trading strategies, bid amounts, and user identities without exposing them.
Zyskind claims that FHE is much better than ZK proofs, TEEs, and MPC because it keeps data encrypted throughout the entire lifecycle.
CoFHE — New Product Launch
Fhenix has launched CoFHE which is a lightweight FHE coprocessor. It is live on both Arbitrum and Base.
The special thing about CoFHE is that it decrypts 50 times faster than other solutions and gives 5,000 times more throughput compared to older FHE systems.
Developers can now add encrypted computation into their existing smart contracts without advanced cryptography knowledge.
What Can Developers Build?
All of this is possible on Fhenix: Private DeFi applications, Sealed-bid auctions, Private governance votes, Confidential identity verification, and Private micropayment system.
Funding and Partnerships
Fhenix has raised over $22 million in total funding including a $15 million Series A led by Hack VC. Amber Group, Primitive Ventures, and GSR are also part of it. Partnership with Offchain Labs and EigenLayer is also there.
Fhenix now plans to expand CoFHE to more EVM chains as well.
#BlockchainPrivacy #FHE #MarketRebound
#HarvardAddsETHExposure
The biggest problem with blockchain is that everything is public — wallet balance, trades, everything. This is a big obstacle for private businesses and DeFi projects.
Fhenix founder Guy Zyskind says that Fully Homomorphic Encryption (FHE) is the real solution to this problem.
What is FHE?
FHE is a technology in which encrypted data can be processed without decrypting it. This means smart contracts can handle trading strategies, bid amounts, and user identities without exposing them.
Zyskind claims that FHE is much better than ZK proofs, TEEs, and MPC because it keeps data encrypted throughout the entire lifecycle.
CoFHE — New Product Launch
Fhenix has launched CoFHE which is a lightweight FHE coprocessor. It is live on both Arbitrum and Base.
The special thing about CoFHE is that it decrypts 50 times faster than other solutions and gives 5,000 times more throughput compared to older FHE systems.
Developers can now add encrypted computation into their existing smart contracts without advanced cryptography knowledge.
What Can Developers Build?
All of this is possible on Fhenix: Private DeFi applications, Sealed-bid auctions, Private governance votes, Confidential identity verification, and Private micropayment system.
Funding and Partnerships
Fhenix has raised over $22 million in total funding including a $15 million Series A led by Hack VC. Amber Group, Primitive Ventures, and GSR are also part of it. Partnership with Offchain Labs and EigenLayer is also there.
Fhenix now plans to expand CoFHE to more EVM chains as well.
#BlockchainPrivacy #FHE #MarketRebound
#HarvardAddsETHExposure
⚖️ CFTC vs. States: Who Will Rule Over Prediction Markets?
CFTC Chairman Michael Selig has given a direct response to all the states that are challenging the CFTC's authority in the regulation of prediction markets.
He stated:
"To those who want to challenge our authority in this space, let me be clear—we will see you in court."
What Is the Issue?
Several states have sent cease and desist letters to prediction market operators and are also fighting in courts. They claim that these companies are violating their gambling and gaming laws.
On the other hand, prediction markets have also filed lawsuits against state regulators in response.
SEC Also in the Game?
SEC Chairman Paul Atkins has said that they also have the authority to regulate at least some portion of prediction markets. However, the CFTC is completely against this and is calling it "legal attacks."
Coinbase Also Joined In
Coinbase Chief Legal Officer Paul Grewal supported the CFTC Chairman's statement and said:
"Exclusive jurisdiction means exclusive jurisdiction—exactly as Congress mandated."
The CFTC has also filed an amicus brief in the Ninth U.S. Circuit Court of Appeals in support of Crypto.com.
#MarketRebound #HarvardAddsETHExposure #BTCFellBelow$69,000Again #OpenClawFounderJoinsOpenAI #VVVSurged55.1%in24Hours
CFTC Chairman Michael Selig has given a direct response to all the states that are challenging the CFTC's authority in the regulation of prediction markets.
He stated:
"To those who want to challenge our authority in this space, let me be clear—we will see you in court."
What Is the Issue?
Several states have sent cease and desist letters to prediction market operators and are also fighting in courts. They claim that these companies are violating their gambling and gaming laws.
On the other hand, prediction markets have also filed lawsuits against state regulators in response.
SEC Also in the Game?
SEC Chairman Paul Atkins has said that they also have the authority to regulate at least some portion of prediction markets. However, the CFTC is completely against this and is calling it "legal attacks."
Coinbase Also Joined In
Coinbase Chief Legal Officer Paul Grewal supported the CFTC Chairman's statement and said:
"Exclusive jurisdiction means exclusive jurisdiction—exactly as Congress mandated."
The CFTC has also filed an amicus brief in the Ninth U.S. Circuit Court of Appeals in support of Crypto.com.
#MarketRebound #HarvardAddsETHExposure #BTCFellBelow$69,000Again #OpenClawFounderJoinsOpenAI #VVVSurged55.1%in24Hours
🇷🇺 #russia and AI: What Will Be the Impact on Financial Markets?
The Bank of Russia has included AI in its research priorities for 2026-2028.
The Russian Central Bank will now study how AI is changing financial markets, economic decisions, and competition.
The CBR has stated that due to AI, new macroeconomic effects are emerging, which also include potential risks for financial stability.
Russia wants to maintain a balance between government control and market self-regulation in the use of AI.
Putin has called AI a "double-edged sword," meaning it has both benefits and dangers. He said that not using it means losing everything, but using it without careful thought is also harmful.
Russia is still lagging behind in computing power. According to VTB Bank, Russia needs $77 billion for its data centers.
Russia has signed an AI cooperation agreement with Iran and has also offered India a broad partnership.
#MarketRebound #HarvardAddsETHExposure #BTCFellBelow$69,000Again #OpenClawFounderJoinsOpenAI
The Bank of Russia has included AI in its research priorities for 2026-2028.
The Russian Central Bank will now study how AI is changing financial markets, economic decisions, and competition.
The CBR has stated that due to AI, new macroeconomic effects are emerging, which also include potential risks for financial stability.
Russia wants to maintain a balance between government control and market self-regulation in the use of AI.
Putin has called AI a "double-edged sword," meaning it has both benefits and dangers. He said that not using it means losing everything, but using it without careful thought is also harmful.
Russia is still lagging behind in computing power. According to VTB Bank, Russia needs $77 billion for its data centers.
Russia has signed an AI cooperation agreement with Iran and has also offered India a broad partnership.
#MarketRebound #HarvardAddsETHExposure #BTCFellBelow$69,000Again #OpenClawFounderJoinsOpenAI
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