Category: crypto

Polymarket now offers markets based on Elon Musk’s weekly tweet count, turning his social media activity into tradable on-chain data with significant probability swings. Traders can bet on ranges of tweets and witness wild fluctuations in odds as Musk’s posting pace changes. This reflects a broader trend of transforming prediction markets into real-time probabilistic data…

Australia is considering eliminating the 50% long-term capital gains tax discount and replacing it with inflation indexation, potentially increasing tax bills for cryptocurrency and stock investors. This change could take effect from the 2027-28 tax year, impacting investors who have held assets for over a year.

Seven of the world’s largest Bitcoin mining pools, covering 75% of the hashrate, have joined the Stratum V2 working group. This shift gives individual miners control over block construction, addressing centralization concerns. As network difficulty rises and miners operate unprofitably, this move aims to improve efficiency, security, and decentralization in Bitcoin mining.

Anchorage Digital, the first federally chartered U.S. crypto bank, is stepping back from leading the USDG stablecoin alliance to maintain neutrality in the stablecoin landscape. This move reflects a broader trend towards a multi-issuer stablecoin ecosystem, where multiple institutions are launching their own regulated dollars. Regulatory battles and changing market dynamics are shaping the future…

US spot Bitcoin ETF products saw $622.75 million in net inflows last week, marking the sixth consecutive week of positive flows. BlackRock’s IBIT attracted $596 million, bringing its total to $66.1 billion. This streak has brought nearly $3.4 billion into US Bitcoin ETF products, the longest run since July 2025.

Bored Ape Yacht Club floor prices have doubled in the past month, with ApeCoin also increasing in value. Yuga Labs CEO Michael Figge stated that blue-chip NFTs were oversold, leading to the recent rally. The market rebound reflects a shift towards speculative assets, with Pudgy Penguins and other collections also seeing price increases.

Google and PayPal discussed at Consensus Miami how AI agents will operate on crypto rails since they cannot access traditional bank accounts due to barriers. Google introduced the Agentic Payments Protocol AP2, with PayPal as a partner. PayPal sees AI agents as the next commerce channel and PYUSD as a programmable payment layer.

Huma Finance’s legacy V1 contracts on Polygon were exploited, resulting in approximately $101,400 in USDC being drained from old liquidity pools. However, the current PayFi platform on Solana and PST token were not affected. The exploit was due to a logic flaw in the V1 contracts, prompting Huma to pause all remaining V1 contracts and…

Base Azul, the first fully independent upgrade for the Base network, is set to go live on mainnet on May 13. It introduces a multiproof system combining trusted execution environment proofs and zero-knowledge proofs for enhanced security. The upgrade also improves transaction finality times and reduces empty blocks, with further upgrades planned for the future.

Kraken’s parent company, Payward, has filed for a Payward charter with the OCC to establish a federally regulated national trust company called Payward National Trust Company focused on digital asset custody. This filing, along with Kraken’s existing Wyoming SPDI, is part of Payward’s regulated banking strategy to provide bank-level custody to institutional clients.