Category: crypto

Indonesia blocked access to Polymarket after users bet on President Prabowo Subianto leaving office early. The government classified Polymarket as online gambling, violating Indonesian law. This ban follows similar actions in India and other countries. Prediction markets are increasingly seen as gambling products rather than forecasting tools globally.

BlackRock sold over $1 billion in Bitcoin last week, coinciding with the largest weekly outflow of U.S. spot Bitcoin ETFs in 2026. Despite market uncertainty, BlackRock continues to expand into blockchain-based financial products, filing a second tokenized fund application with the SEC through Securitize. Other institutions are also exploring tokenized asset products.

An exploit targeting the SquidRouterModule on Ethereum and Base resulted in 86 Gnosis Safes being drained of about $3 million in just two hours. The stolen tokens were swapped into DAI through Uniswap V3 pools. This incident adds to a wave of DeFi exploits in May targeting wallets, bridges, and stablecoins.

Kenya’s Finance Bill 2026 includes new reporting requirements for crypto platforms and taxes on digital payments to enhance tax collection. Virtual Asset Service Providers must submit annual reports to the Kenya Revenue Authority. The bill also introduces taxes on card transactions and fintech services. South Africa is proposing stricter oversight of crypto assets. Businesses are…

Tom Lehman, co-founder of Ethereum Layer 2 Facet, advocates for the inclusion of EIP-8182 in Ethereum’s Hegota upgrade, proposing a protocol-level privacy system for private ETH and ERC-20 transfers. The proposal aims to create a shared shielded pool managed by the protocol, allowing for greater transaction privacy and atomic transaction flows.

The ESPORTS token experienced a rapid selloff, losing over 90% of its market value in less than two hours. Around 178 million tokens were sold for 19,049 BNB or $12.76 million. The selling was linked to wallets associated with the project and routed through Kraken addresses tied to DWF Labs, raising concerns about market manipulation.

Event Rush is a dApp on the Binance Wallet that allows verified users to buy and trade tokens representing real world event outcomes using USDT on BSC. Users can speculate on sports, crypto prices, and news outcomes, with pricing based on a bonding curve model. The product is integrated into Binance Wallet and accessible to…

Fortune’s investigation into SpaceX and Antonio Gracias’s Valor Equity Partners reveals over $20 billion in related party GPU leasing deals reclassified as debt. This governance issue could impact Musk’s AI and potentially crypto risk capital. Valor holds over 500 million SpaceX shares worth $90 to $140 billion at IPO valuations. SpaceX guaranteed $20 billion in…

An exploit targeted a third-party Gnosis Safe module called SquidRouterModule, not Squid’s core cross chain routing contracts. 86 wallets were drained of around $3 million in under two hours. The vulnerability was due to a fixed string check that allowed attackers to siphon funds. Squid’s main router and user funds were unaffected.

A potential peace memorandum between Iran and the US could reduce the war premium on Bitcoin in the short term while increasing its appeal as states diversify away from the dollar in a multipolar Gulf. Talks aim to end the war, reopen the Strait of Hormuz, and discuss nuclear limits and sanctions relief.