Category: crypto

Rep. Matt Van Epps championed a Bitcoin reserve bill in Nashville. The American Reserve Modernization Act would lock federally held Bitcoin for 20 years and authorize Treasury to acquire up to 1 million BTC. The bill aims to reduce the national debt and solidify American leadership in financial innovation.

Robinhood Crypto COO Tanya Denisova is leaving the platform after over five years. The company’s Q1 2026 crypto revenue dropped by 47%, contributing to an earnings miss. No successor has been named, and the departure comes as Robinhood faces challenges in the crypto market. Denisova oversaw the launch of various crypto services during her tenure.

Bitcoin long liquidations exceeded $320 million on May 22 due to the SEC’s unexpected delay in implementing a tokenized stock plan. Longs accounted for $296 million of the total. This delay caused a drop in Bitcoin prices and led to a sharp move in derivatives markets. The delay impacts the crypto market structure and potential…

Polymarket has been blocked in India after authorities classified it as an illegal online money gaming platform. The Ministry of Electronics and Information Technology directed internet providers to restrict access to prediction market platforms like Polymarket. Indian officials are concerned about capital outflows, stablecoin usage, and unmonitored betting activity on offshore platforms.

Galaxy Digital founder Mike Novogratz testified in court over BitGo’s $100 million claim related to a failed $1.2 billion merger. The dispute involves financial statements, SEC rules, and whether Galaxy validly ended the deal. Novogratz claimed SEC approval was difficult, while BitGo says Galaxy damaged its reputation by walking away.

Tokenized stocks could shift trading activity from traditional exchanges as regulators consider new rules for onchain equities. Tiger Research warns of liquidity and revenue fragmentation risks for traditional markets. Hyperliquid’s $2.6B RWA open interest reflects increasing demand for onchain market access globally. Exchanges and regulators are adapting to the shift towards onchain trading.

South Korea’s proposed cryptocurrency tax, set to take effect in January 2027, is facing political scrutiny after a petition with over 50,000 signatures called for its repeal. The petition argues that taxing crypto gains while exempting stock and bond investments is unfair, highlighting concerns over investor protection and market volatility.

THORChain node operators are voting on ADR028, a recovery plan to restart the network after a $10.7 million exploit without minting new RUNE. The plan involves using protocol-owned liquidity first, then sharing remaining losses with synth holders. The proposal aims to safely restart the network and restore confidence after recent DeFi exploits.

Pi Network is emphasizing the importance of aligning token design with real product use as the price of PI remains near $0.153. Founder Chengdiao Fan discussed the gap between token design and product innovation, focusing on utility and user engagement. The market still shows weak momentum for PI despite recent upgrades.

Polymarket has appointed a Japanese representative as it aims to secure regulatory approval in Japan by 2030. The platform remains restricted in various countries due to gambling and financial compliance concerns. Expansion efforts in Japan come as regulators crack down on prediction markets in India, Argentina, and parts of the U.S.