Tradixor

A bipartisan bill aims to prohibit federal lawmakers from trading on prediction markets. Proposed by Senators Kirsten Gillibrand and Dave McCormick, the legislation would ban members of Congress, the president, the vice president, and senior executive officials from using platforms like Kalshi and Polymarket.

The Senate passed a resolution barring senators and their staff from such trades. The bill tasks the Commodity Futures Trading Commission with reviewing insider trading regulations and gives it authority to block bets on war or violence.

The move follows a criminal case where an Army sergeant was charged with using classified intelligence for profit on Polymarket. Kalshi also suspended three political candidates for trading. Both platforms have supported these restrictions.

Blockstream CEO Adam Back describes Bitcoin treasury companies as an arbitrage between the current fiat system and a future where Bitcoin dominates. This strategy suggests that firms holding Bitcoin benefit from increased adoption and fiat currency depreciation. Back views these holdings as a rational hedge against fiat system failure.

MicroStrategy leads this trend with 815,061 Bitcoin. The goal is to position for a transition where Bitcoin becomes a global reserve asset. Skeptics like Peter Schiff argue that macro shifts or debt could force liquidations. Other companies are now considering similar accumulation strategies to capture value before potential institutional growth. The arbitrage thesis relies on Bitcoin adoption accelerating and fiat systems facing genuine stress.

Tether has purchased 63 additional Bitcoin since its Q1 attestation and now holds 97,204 BTC.

Minnesota lawmakers passed a bill to ban cryptocurrency kiosks. If signed by Governor Tim Walz, the state will be the third to outlaw these machines, following Indiana and Tennessee. Minnesota currently has approximately 400 kiosks in locations such as gas stations and grocery stores.

The legislation follows testimony regarding scams targeting vulnerable residents. Data shows an average loss of $6,700 per reported kiosk scam in the state. Only 48% of victims recover any funds - averaging 16% of the total loss.

While some legislators argued for stricter regulations, the bill passed both chambers with significant majorities. If the governor signs the bill, kiosks must be unplugged by August 1 and removed by December 31.

Major altcoin unlocks for May:

RAIN - $397.51m
PYTH - $100.16m
ZRO - $36.78m
STABLE - $29.44m
ADI - $28.41m
PIEVERSE - $26H - $20.18m.97m

PayPal is restructuring its operations to establish crypto as a core business segment. The company announced a three-pillar structure placing digital assets alongside traditional payments. This shift moves crypto from a secondary service to a central growth driver.

The PYUSD stablecoin serves as the primary tool for the PayPal Web3 strategy. It connects fiat systems with blockchain infrastructure. The new model aims to integrate crypto into merchant payments, settlement rails, and wallet services.

Specific details will be shared during the November 5 earnings call. This update aligns with industry trends where payment networks adopt blockchain technology. The strategy focuses on tokenization and global remittance. Performance depends on execution and navigating regulatory environments.

Binance recorded a $216 million net USDT inflow in 24 hours.

Brazilian public company OranjeBTC - OBTC3 - approved the issuance of up to $42 million in Bitcoin-collateralized debentures.

The firm will use the proceeds to purchase additional Bitcoin. The debt is backed by the company's existing digital asset holdings.

Kevin O'Leary disclosed a portfolio allocation strategy that assigns 20% to alternative assets, including cryptocurrency and gold.

This allocation is part of a broader 60/20/20 structure: 60% in global equities, 20% in fixed income, and 20% in alternatives. According to O'Leary, the inclusion of cryptocurrency serves as a diversification tool intended to behave differently from traditional stocks and bonds.

He advocates for a disciplined approach to these assets to manage volatility. This strategy reflects a structured inclusion of digital assets within a diversified portfolio. The 20% alternatives bucket is designed to provide a buffer during periods when traditional asset classes correlate.

The strategy avoids concentrating on volatile trends in favor of a fixed percentage.

Exodus (EXOD) announced a multi-year partnership as the official payments partner of the UFC starting June 1. The deal begins with the UFC Freedom 250 event on the White House lawn. Branding will appear in the octagon and across broadcasts.

The company is repositioning as a money operating system. Exodus Pay is now live in all 50 US states. Users can fund the app via Apple Pay, bank transfers, or crypto. It is accepted anywhere Visa is used.

Exodus Pay is a self-custody platform where private keys remain on the user device. The service includes instant peer-to-peer transfers via phone numbers. Global expansion is planned for 2026. The revenue model includes stablecoin balances, card interchange, and foreign exchange. Following record Q4 earnings, the company views this as a shift in its business model.

A Shiba Inu investor sold 800 billion tokens for a 4.9 million profit. The original investment of 13,760 has reached total gains of 660 million. The wallet still contains 99.27 trillion tokens.

Riot Platforms stock rose 8% following its first quarter earnings report.

The results show a shift in revenue beyond bitcoin mining.

Revenue from AI data centers contributed to the performance.

This expansion indicates the company is diversifying into new technology sectors while continuing its mining operations.

DONALD TRUMP: "Maybe we pay off our 35 trillion debt with a small crypto check. Let's hand them a bit of $BTC and wipe out our $35 trillion."

Crypto markets are gearing up for a big May 2026. Three key events are on the radar: the CLARITY Act markup, the Powell-to-Warsh Fed chair transition, and the Ethereum Glamsterdam update.

Institutional money is flowing back in. April saw Bitcoin ETFs bring in $2.44 billion, reversing months of outflows. XRP ETFs also had their best month of the year with $82 million in inflows.

If the CLARITY Act passes, XRP could see billions in new capital. For Bitcoin, a dovish shift at the Fed might trigger a rally. Looking further out, ARK Invest projects a $16 trillion market cap for Bitcoin by 2030. Franklin Templeton is also optimistic, expecting Bitcoin to move above $100,000 in 2026 as institutional adoption grows.

Paradigm researcher Dan Robinson proposed Provable Address-Control Timestamps or PACTs. This system aims to protect dormant bitcoin, including Satoshi-era funds, from future quantum threats.

PACTs allow holders to prove wallet control before quantum technology can derive private keys. This proof is timestamped on the blockchain without moving funds or signaling activity. If a quantum-resistant version of Bitcoin is needed, these proofs allow holders to reclaim funds.

This is different from proposals like BIP-361, which suggest a migration window - followed by sunsetting legacy signatures. PACTs avoid forcing holders to move funds, which preserves privacy. Researchers estimate quantum computers might threaten 256-bit encryption by 2029 or later.

Traditional finance firms are moving toward stablecoin integration to replace high-fee, slow models. Historically, these companies charged 2-3% per transaction with multi-day settlements. From 2023 to 2026, major players like Mastercard, Visa, PayPal, and Stripe began adopting stablecoin infrastructure.

The shift is driven by efficiency in cross-border payments. Stablecoins offer near-instant settlement at lower costs than legacy rails, reducing overhead by removing intermediary banks. Faster settlement also improves capital efficiency.

Rising customer demand, clearer regulations, and enterprise-grade technology have reduced risk for institutions adopting these tools. This positions the industry for a future of digital assets and CBDCs.

Bitcoin dominance is rising while altcoins are losing strength. Current trends show altcoins are highly sensitive to Bitcoin price changes. Ethereum led from March to April, but this resulted from Bitcoin weakness rather than independent growth.

The typical rotation follows this order:
Bitcoin leads - Ethereum follows - Altcoins rise.

Current outlook:
- If Bitcoin holds above 80,000 dollars, capital may rotate into Ethereum and altcoins.

- If Bitcoin loses its lead before that, it indicates market weakness, which could lead to a significant decline for altcoins.

Is Bitcoin repeating the same cycle?

Bitcoin open interest increased by nearly 6 percent. Traders are adding leverage to their futures positions.

Steak 'n Shake is moving all Bitcoin from sales directly into its corporate reserve.
- These funds are used to pay employee bonuses in BTC.

- Workers receive $0.21 per hour in Bitcoin.