Crypto Industry News & Market Trends

Congress hits Polymarket and Kalshi with a massive insider trading probe

The U.S. House Oversight Committee plans a probe into the largest prediction market platforms over suspicions that government employees could be exploiting classified information for personal gain.　　Rep. James Comer, R-Ky., chair of the House Oversight and Government Reform Committee, is seeding the internal records from the CEOs of Polymarket and Kalshi to determine if government employees are using insider knowledge to profit from policy and geopolitical and military operations, he said on CNBCs Squawk Box on Friday.　　“There‘s a concern now that members of Congress, members of the president’s administration, any type of government employee, can use basic insider knowledge and make huge profits on anything government-related,” Comer told CNBC.　　“So we want to not only launch an investigation to see how widespread this has been thus far, but also to prove a case that we‘ve got to pass some type of legislation,” Comer added. “And I think it wouldn’t be too much to ask to say members of Congress can‘t participate in the predictions market, nor can government employees or people in the president’s administration.”　　Comers probe is the most recent in a series of attempts by Congress to investigate prediction markets and bring insider trading under control.　　In letters sent Friday to

05-23Industry

Ghana Rolls Out 2025 Crypto Law as Regulators Target Fraud and AML Risks

Crypto　　Ghana Rolls Out 2025 Crypto Law as Regulators Target Fraud and AML Risks　　Ghana has rolled out a legal framework to regulate virtual assets as adoption accelerates across the economy, according to the countrys 2025 Financial Stability Review.　　The development is a direct consequence of the passage of the Virtual Asset Service Providers Act of 2025, a legal framework establishing licensing protocols and supervisory mandates for all digital asset stakeholders. According to regulatory bodies, the law serves a dual purpose: enhancing the state‘s oversight capabilities over a volatile, fast-growing market, and ensuring Ghana’s alignment with global financial intelligence and anti-money laundering standards.　　The review, issued under the Financial Stability Council, said more than 3 million Ghanaians now use cryptocurrencies, driven by demand for alternative investments, cross-border payments, and digital financial services.　　“The rapid expansion in the use of cryptocurrencies presents both opportunities and risks, including potential challenges for anti-money laundering and counter-terrorism financing compliance,” the report said.　　The review warned that rising crypto activity could expose the financial system to fraud, illicit financial flows, and exchange rate pressures if left unregulated.　　To implement the new law, the Securities and Exchange Commission and the Bank of Ghana are developing licensing rules, governance standards, and risk management requirements

05-23Industry

Polymarket hit with congressional probe over classified-info betting claims

The U.S. House Committee on Oversight and Government Reform has opened an investigation into Polymarket and Kalshi over concerns tied to insider trading and wagers allegedly linked to classified information.James Comer launched a congressional probe into Polymarket and Kalshi over suspected insider trading and classified-information betting activity.Lawmakers cited reports of suspicious Iran-related wagers and a federal case involving a U.S. Army sergeant accused of using classified information to make over $409,000 in prediction market profits.The investigation comes as Polymarket faces mounting pressure from regulators and a recent suspected exploit tied to its UMA CTF Adapter contract on Polygon.　　According to a statement released by the committee, Chair James Comer sent formal letters to Polymarket CEO Shayne Coplan and Kalshi CEO Tarek Mansour requesting internal records and compliance details related to user activity on their platforms.　　The committee said it wants to assess how the companies detect suspicious trading, verify customer identities, and enforce geographic restrictions designed to comply with U.S. regulations.　　In the letters, Comer said prediction market operators hold the internal data needed to identify whether users are trading with access to non-public information. He also raised concerns that offshore platforms may be allowing users to bypass federal compliance rules.　　Congressional scrutiny intensified

05-23Industry

Iran peace rumors add $400B to US stocks at open

President Donald Trump has been dangling the prospect of a “definitive” peace deal for weeks and previously agreed to a two week ceasefire that sent Bitcoin back above $70,000 and pushed US stock futures sharply higher, as covered in earlier crypto market outlook and ceasefire reports.　　Now, reports of Qatari involvement in Tehran talks add another layer to that diplomatic track, following earlier coverage that Pakistan has been shuttling messages and hosting face to face rounds between US and Iranian negotiators.　　For crypto markets, every incremental sign of de escalation has repeatedly acted as a macro catalyst, with prior US Iran ceasefire headlines coinciding with multi percent intraday swings in Bitcoin, Ethereum and broader digital assets.　　Still, some observers urged caution, with one X user warning that the latest surge looked like “merely paper liquidity” and “just a one day joyride for the Wall Street bulls,” highlighting how quickly those hundreds of billions in added market cap can evaporate if talks stall again.

05-23Industry

Ozak AI Breaks Through the $7 Million Mark as Presale Participation Expands Across Multiple Investor Segments

Tech　　Ozak AI Breaks Through the $7 Million Mark as Presale Participation Expands Across Multiple Investor Segments　　The new and revolutionary AI project, Ozak AI, has officially crossed the milestone by bagging more than $7 million in total presale funding, a state that shows even more than just capital inflow. It shows a clear expansion in participation as the interest of the investors now revolves around various investor segments. At a time when wider crypto markets stay uneven, the ability of Ozak AI to captivate sustained capital shows an increasing distinction between speculative hype and projects believed to be long-term infrastructure plays.　　Presale Metrics Reflect Growing Market Confidence　　The latest presale figures underscore the scale and consistency of demand:$OZ Presale Status: LiveCurrent Price: $0.014Target Listing Price: $1.00Tokens Sold: 1.2 B $OZTotal Raised: $7.3　　Surpassing the $7 million mark has positioned Ozak AI among a comparatively small group of presale projects that somehow attract meaningful capital without quickly increasing the entry prices. Analysts mostly see this balance as an indicator of disciplined fundraising.　　Participation Broadens Beyond Early Adopters　　In its earlier phases, Ozak AIs presale activity was dominated by early adopters willing to assume higher risk for maximum exposure. Recent data, however, suggests a noticeable shift. Participation is

05-23Industry

AI ETFs 2.0: Harbor capital targets Anthropic, OpenAI and xAI in ‘Lab’ funds

Harbor Capital is trying to slice the AI boom into lab-branded trades, filing for a suite of active “Lab ETFs” tied to Anthropic, DeepMind, Meta, OpenAI and xAI ecosystems.Harbor capitals proposed Lab ETFs would each focus on companies tied to a single AI lab, from Anthropic to OpenAI and xAI SpaceXAIThe funds aim to own public stocks and other instruments that benefit from specific lab ecosystems rather than broad AI themesThe move follows earlier ETFs that gained indirect exposure to Anthropic and xAI and comes as Gulf investors pour tens of billions into frontier AI labs　　Harbor Capital has filed for five actively managed “Lab ETFs” that each target the ecosystems around Anthropic, Google DeepMind, Meta, OpenAI and xAI SpaceXAI, marking one of the first attempts to carve the AI boom into lab specific public market products.　　According to the filing on X, noting that “Harbor Funds filed for 5 actively managed ‘Lab ETFs’ focused on the ecosystems around Anthropic, Google DeepMind, Meta, OpenAI, and xAI SpaceXAI,” citing Bloomberg ETF analyst James Seyffart.　　NEW: Very interesting filing from Harbor Funds for 5 “Lab ETFs”. They will focus on each of the following: Anthropic, Google Deepmind, Meta, OpenAI and SpaceXAI. They‘ll be actively managed

05-23Industry

XRP Primary Elliot Wave Remains Intact And It’s Pointing Above $8

Tech　　XRP Primary Elliot Wave Remains Intact And Its Pointing Above $8　　XRP is trading in one of its most important technical zones of the year, with a new two-week chart analysis arguing that the larger Elliott Wave structure has not broken down.　　The setup, which was shared by crypto analyst Dark Defender, places XRP near the end of a narrowing resistance and support apex, where the next major move could decide whether the cryptocurrency will still be trapped below short-term resistance or beg a stronger upward rally to defined resistance levels.　　XRPs Elliott Wave Count Still Points To A Larger Bullish Structure　　Dark Defenders analysis is built around the view that XRPs primary Elliott Wave structure is still intact on the two-week candlestick timeframe chart. The chart shows XRP moving through a larger five-wave sequence, with the current price action around the end of Wave 4.　　According to Elliott Wave theory, Wave 4 is the second corrective phase in a five-wave impulse that comes before the final Wave 5 expansion, provided the entire impulse structure is not invalidated by a breakdown.　　As shown in the chart below, XRP is being squeezed between a descending orange resistance line and a rising blue support line. The XRP price

05-23Industry

Solayer Unveils Multi-Asset Perpetual Trading Platform Dubbed Margin Trade

Built by a team at Solayer Labs, and former traders with backgrounds at Citadel and Kraken, Margin Trade offers unified margin with on-chain trading of both cryptocurrencies and traditional market instruments on a single platform. Its traditional finance offerings include commodities such as gold, silver, and oil, as well as the MT500, a synthetic index that tracks United States equities.　　The public launch of the Margin Trade on Solana testnet follows last week‘s private beta, which involved early users, partners, and traders from Solayer’s waitlist. During the same period, Solayer finalized protocol integrations, marketing collaborations, and strategic partnerships in preparation for todays release.　　Regarding this, Joshua Sum, the Chief Product Officer at Solayer Labs, stated:　　“Most perpetual futures trading infrastructure today remains siloed across separate markets and fragmented collateral account structures. Margin Trade is designed to bring capital efficiency, real-time execution, and multi-asset exposure in a unified environment that feels closer to the vision of truly global financial markets than traditional trading platforms.”　　Being native to Solayer‘s InfiniSVM, Margin Trade leverages the chain’s hardware-accelerated infrastructure for efficient, scalable, and low-latency functioning. The chain delivers over 330,000 transactions per second (TPS), with roughly 400 milliseconds of finality for its 304,000 users. All these highly valuable

05-23Industry

NVIDIA (NVDA) Clinches Key Awards at COMPUTEX 2026, Showcases AI Innovations

NVIDIA (NASDAQ: NVDA) has once again solidified its dominance in the AI space, clinching multiple accolades at COMPUTEX 2026 in Taipei. The company‘s Vera Rubin NVL72 AI supercomputer, Jetson Thor edge AI platform, and Alpamayo autonomous vehicle framework were recognized for their innovation, winning awards across key categories at Asia’s premier tech exhibition.　　The Vera Rubin NVL72 earned both a Golden Award and the Sustainable Tech Special Award, showcasing its prowess as a rack-scale AI supercomputer designed for trillion-parameter models. Highlights include its ability to deliver up to 10x higher inference performance per watt and 10x lower cost per token. This is a significant step in addressing the growing demand for scalable and sustainable AI infrastructure amid the global AI boom.　　Meanwhile, NVIDIAs Jetson Thor platform for edge AI and robotics, powered by the Blackwell GPU architecture, was awarded a Golden Award. With up to 2,070 FP4 teraflops of AI performance—7.5x the compute and 3.5x the energy efficiency of its predecessor—Jetson Thor is already in production across robotics, industrial systems, and medical devices. It plays a vital role in enabling smarter, more autonomous machines.　　In the autonomous vehicle category, NVIDIAs Alpamayo platform won the Vehicle Technology and Smart Cockpit Category Award. The platform,

05-23Industry

-61% Bullish Shiba Inu (SHIB) Metric Plummets in Last 24 Hours

Tech　　-61% Bullish Shiba Inu (SHIB) Metric Plummets in Last 24 HoursShiba Inu outflows get thinnerAnother sign of a divergence　　Despite ongoing price chart weakness, Shiba Inu shows a shift in on-chain activity. Exchange outflow pressure, one of SHIBs historically important metrics, has drastically decreased over the last 24 hours, possibly signaling reduced movement of funds away from exchanges.　　Shiba Inu outflows get thinner　　The average exchange outflow decreased by more than 21% over the previous day, according to the most recent on-chain data, and after weeks of high activity, broader outflow-related metrics also began to stabilize. Practically speaking, fewer SHIB tokens are being withdrawn from exchanges. That change may indicate that traders and larger holders are becoming less aggressive in repositioning assets during the current period of uncertainty.　　SHIB/USDT Chart by TradingView　　The significant decrease in exchange-related transaction pressure after a protracted bearish period is the metric garnering the most attention. Exchange reserves are still comparatively stable at 80.8 trillion SHIB, but outflow acceleration has significantly decreased in comparison to earlier phases.　　Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for May 23: Fundamental Shift in Investors Sentiment　　Fidelity: Bitcoin in Early Bull Market　　Strong outflow spikes and sharp price swings have historically

05-23Industry

...

323325

...

1000