“You can surf or you can fight”… US stocks have suffered their worst start to a year versus global markets since 1995 – the S&P 500 has been flat YTD while major indexes excluding the US have risen 8%. [20 bonus points if you recognize the quote]
But really, it’s not gambling!!! Polymarket has launched five-minute continuously settling, binary contracts allowing users to bet on whether Bitcoin’s price will be higher or lower.
Kids will be kids… Two teens in Arizona were arrested and charged with multiple felonies for posing as delivery drivers, breaking into a home, restraining the homeowners, and attempting to force them to hand over their private digital key to access $66 million in cryptocurrency.
“Don’t sweat the small stuff”… Gurbir Grewal, Director of Enforcement at the SEC, pushed back on claims the agency has eased up, stating reports are “flat out wrong” and adding, “But I will say that I am far more concerned with the quality and impact of the enforcement actions that we bring than with chasing numbers.”
Revenge of the Bankers… Five regional banks are collaborating to test interoperable tokenized deposits – FDIC-insured bank liabilities settling on shared blockchain rails – to modernize interbank transfers, enable 24/7 programmable settlement, reduce reconciliation friction, and keep deposit money within the regulated banking system rather than shifting to stablecoins.
What are the odds on this??? The CFTC is claiming exclusive jurisdiction over prediction markets, backing Crypto.com in a Ninth Circuit dispute with Nevada regulators, arguing that sports-event contracts qualify as federally regulated futures rather than state-regulated gambling.
“You can’t expect the unexpected”!!! The US trade deficit surged 94.6% month-over-month to $56.8 billion – its largest monthly increase in nearly 34 years – as imports jumped and exports declined, widening the gap despite aggressive tariffs aimed at reducing the imbalance.
Wait, Iran??? Two former Google engineers were indicted on federal charges for allegedly stealing confidential trade secrets related to the company’s Tensor mobile processor technology and transferring sensitive files to unauthorized locations, including devices later accessed in Iran.
Daily??? A federal judge convicted Praetorian’s CEO of wire fraud and money-laundering for orchestrating a global $200 million Bitcoin Ponzi fraud through a purported trading firm, falsely claiming 3% daily returns and misusing new investor funds to pay earlier ones, resulting in massive losses and a 20-year prison sentence.
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