US Senate Passes Resolution Banning Senators From Prediction Market Trading

The US Senate unanimously approved a resolution from Senator Bernie Moreno that bars sitting senators from trading on prediction markets. The measure took effect immediately under the chambers internal Standing Rules.  The voice vote came one week after Moreno introduced the resolution on April 24. It targets event contracts offered by platforms such as Polymarket and Kalshi.  Inside the Prediction Market Ban  Moreno said the resolution amends Rule XXXVII of the Senate Standing Rules. It bars senators from entering agreements that depend on the occurrence, nonoccurrence, or scope of a specific event.  Proud to say my bill to ban members of Congress from insider trading on prediction markets just passed the Senate UNANIMOUSLY!  That language directly captures event contracts on Polymarket and Kalshi. Users on those platforms wager on elections, legislation, economic data releases, and geopolitical outcomes.  An amendment from Senator Alex Padilla narrowed the text. The change prevents the rule from sweeping in conventional financial products such as insurance policies. Enforcement runs through the Senate Ethics Committee.  Industry Backs the Move  Kalshi chief executive Tarek Mansour applauded the rule. He noted that the platform already blocks members of Congress and polices insider trading internally.  “I applaud the Senate for passing this resolution to ban Senators and their offices

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Crypto Hacks Hit $650M in April, Biggest Losses Since 2022: CertiK

The post Crypto Hacks Hit $650M in April, Biggest Losses Since 2022: CertiK appeared first on Coinpedia Fintech News  April 2026 turned into a nightmare for the crypto world. According to CertiK, a blockchain security company, the total amount lost to hacks, scams, and exploits this month crossed $650.9 million.  That makes it the worst month for crypto losses since March 2022, when the industry lost roughly $715 million  Major Exploits Drove the Losses  According to CertiKs data, the majority of losses came from exploit-based attacks rather than phishing or scams.  The largest exploit came from KiloEx, which alone saw losses of about $291.3 million. This was followed by Drift Protocol, with losses of roughly $285.23 million, making it one of the biggest single incidents of the month.  Meanwhile, other notable attacks included Rhea Finance at $18.47 million, Grinex at $16.23 million, and a contract exploit labeled 0x8B84 with losses of around $6.585 million.  Wallet Compromises Led the Losses  Looking at how the money was lost, wallet compromise was the biggest category by far, responsible for over $610 million of the total.  Price manipulation schemes came second at around $18.88 million, followed by code vulnerabilities at nearly $17 million.  Meanwhile, phishing attacks, though smaller in total, still caused $3.57 million

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South Korea’s Shinhan Card Partners With Solana to Bring Stablecoin Payments to 28 Million Users

Shinhan Card, South Koreas largest card issuer with 28 million cardholders, has signed a memorandum of understanding with the Solana Foundation. The deal covers stablecoin payment technology and joint development of next-generation payment infrastructure.  This isn‘t a small partnership. It’s one of the largest TradFi-to-crypto collaborations announced in Asia this year, and it puts Solana at the center of how a major Korean financial institution thinks about the future of payments.  Whats Actually Being Built By Solana & Shinhan  Shinhan Card and Solana already completed a preliminary proof-of-concept last year. This new MoU expands that work into an advanced PoC on the Solana testnet. The two teams are building real payment scenarios between customers and merchants while testing the networks technical stability under conditions closer to actual use.  A big part of the work focuses on non-custodial online wallets. Users keep full control over their assets without relying on a third party. That matters because it changes the trust model entirely. Traditional card payments depend on the bank or processor holding everything.  Non-custodial wallets put that responsibility on the user. Shinhan Card wants to figure out how to make that work safely at the scale of 28 million customers.  The Hybrid TradFi-DeFi Model  The partnership goes beyond

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Tether-Backed Financial Platform Oobit Gives AI Agents Their Own Corporate Visa Cards

Oobit is a crypto payments platform backed by Tether, the stablecoin issuer with $189 billion in circulation. The company built Agent Cards on its existing infrastructure, which covers 150 million merchants across more than 100 countries.  Each AI agent receives its own programmable card. Finance teams set spend limits, merchant category restrictions, and hard caps. Those rules are enforced server-side at the transaction layer. Every charge and every decline generates a structured, human-readable reason that appears in the same Oobit dashboard finance teams use to manage employee spending.  The cards work with any agent framework and take under three minutes to set up.  “Every other company trying to give AI agents spending power is duct-taping fintech built for humans onto software that doesnt behave like one,” Amram Adar, CEO of Oobit remarked. The Oobit executive added:  “Agent Cards is the first time someone has asked the actual question. If you were designing a corporate card from scratch in 2026, knowing the cardholder was going to be software, what would it look like? This is what it looks like.”  The problem Oobit is targeting is straightforward. AI agents operate continuously and make hundreds of decisions per minute. Standard virtual card APIs and expense platforms assume a

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CLARITY Act: Senate Banking Republicans Yet to Secure Full Support Ahead Markup

In the latest CLARITY Act update, Senate Banking Republicans have yet to secure full support from all Republicans on the Committee, which is necessary as they look to at least advance the crypto bill along party lines. Senate Banking Committee Chair Tim Scott expressed optimism that he could soon secure full Republican support and that they could mark up the crypto bill in May.  Full Republican Support Still Missing Ahead of Potential CLARITY Act Markup  According to a Punchbowl report, Senate Banking Republicans have yet to secure full support from all Republicans on the Committee as they look to advance the crypto bill. The report highlighted Senator John Kennedy as one of the members of the Committee who continues to withhold their support for the bill.  This development comes as Senator Thom Tillis, who appeared to be a holdout among the Republicans, pushes for a CLARITY Act markup. Tillis said that he will ask Senator Scott to schedule a markup for the crypto bill once they return from their May recess.  However, full Republican support is key, especially as the Senate Banking Republicans may need to advance the crypto bill along party lines. Senator Scott, who is the Committee Chair, already signaled that he

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BsStrategy AI quantitative trading in 2026: Using intelligent strategies to profit more easily every day

AI trading adoption grows in 2026 as BsStrategy offers simplified access to automated crypto strategies.BsStrategy offers free AI trading automation, helping users execute strategies efficiently with minimal manual effort.AI-driven BsStrategy improves trading discipline by reducing emotional decisions and enabling 24/7 automated execution.BsStrategy lowers entry barriers with free access while delivering secure, optimized AI crypto trading workflows.  As the crypto asset market continues to grow, more users are looking for smarter, more efficient, and lower-barrier ways to trade. Traditional manual trading often requires long hours of market monitoring and can be affected by emotions, experience, and time limitations. In a digital asset market that operates 24/7, AI quantitative trading is becoming a new choice.  BsStrategy is a platform focused on AI quantitative trading and automated strategy execution. Powered by AI-driven optimization models, it aims to help users participate in the crypto market more easily. With security, efficiency, simplicity, and free access as its core features, BsStrategy allows users to experience intelligent trading without complicated configuration.  Register to receive a real reward worth $10  To lower the entry barrier for new users, BsStrategy provides a registration reward. Users only need to visit the official website and complete registration to receive a real reward worth $10, which

05-01

Shiba Inu Price Prediction: Can Bulls Reclaim Control Above $0.00000639?

Shiba Inu faces strong resistance near $0.00000656, limiting bullish breakout attemptsOpen interest decline to $57M signals reduced leverage and cautious short-term sentimentRising burns and mixed spot flows suggest long-term support but weak immediate momentum  Shiba Inu is approaching a pivotal moment as price action tightens near a key resistance band. The 4-hour chart shows a clear attempt to break higher within a broader consolidation range. However, sellers have started to respond aggressively near the upper boundary.  Consequently, traders now face a critical decision zone that could define short-term direction. Momentum remains constructive, yet conviction appears uneven across derivatives and spot activity.  Resistance Pressure Builds Near Key Levels  Price recently climbed toward the 0.786 Fibonacci zone between $0.00000639 and $0.00000656. This move followed a consistent pattern of higher lows, reinforcing short-term bullish intent.  However, rejection near this zone signals strong overhead supply. Moreover, price interaction with the upper Bollinger Band suggests a temporary exhaustion phase.  If bulls reclaim this resistance, continuation toward a fresh local high becomes likely. Besides, sustained strength above this band could attract momentum traders back into the market. However, failure to break through may trigger another consolidation phase. Hence, this level remains the immediate battleground for control.  Support Zones Define Bullish Structure  On the downside,

05-01

Bitcoin Outlook: Adam Back Keeps $1M Target Before 2028 Halving

Adam Back said the US will likely keep seized Bitcoin instead of making new purchases.He explained that this approach would not create a new demand shock in the market.Back stated that governments usually buy Bitcoin at higher prices during later cycles.He maintained his prediction that Bitcoin could reach $1 million before the 2028 halving.Back described $100,000 as a near-term level that Bitcoin could reach quickly.  Fresh remarks from Adam Back outlined expectations for Bitcoin policy and pricing. He addressed a proposed US reserve plan and clarified likely outcomes. He also reaffirmed a $1 million Bitcoin target before the 2028 halving.  Bitcoin Reserve Expectations and Policy Signals  Back said the United States will likely retain seized Bitcoin rather than make fresh purchases. He explained that such a move would not create a demand shock.  He stated,  He added that governments tend to buy at higher prices as cycles advance. He said, “Everybody buys Bitcoin at the price they deserve.” He linked this pattern to past institutional adoption cycles.  Back addressed recent comments from White House crypto advisor Patrick Witt. He indicated that expectations for a Strategic Bitcoin Reserve appear overstated. He maintained that retention of seized assets remains the most probable policy.  He explained that a reserve based

05-01

Tether-Backed Financial Platform Oobit Gives AI Agents Their Own Corporate Visa Cards

Oobit is a crypto payments platform backed by Tether, the stablecoin issuer with $189 billion in circulation. The company built Agent Cards on its existing infrastructure, which covers 150 million merchants across more than 100 countries.  Each AI agent receives its own programmable card. Finance teams set spend limits, merchant category restrictions, and hard caps. Those rules are enforced server-side at the transaction layer. Every charge and every decline generates a structured, human-readable reason that appears in the same Oobit dashboard finance teams use to manage employee spending.  The cards work with any agent framework and take under three minutes to set up.  “Every other company trying to give AI agents spending power is duct-taping fintech built for humans onto software that doesnt behave like one,” Amram Adar, CEO of Oobit remarked. The Oobit executive added:  “Agent Cards is the first time someone has asked the actual question. If you were designing a corporate card from scratch in 2026, knowing the cardholder was going to be software, what would it look like? This is what it looks like.”  The problem Oobit is targeting is straightforward. AI agents operate continuously and make hundreds of decisions per minute. Standard virtual card APIs and expense platforms assume a

05-01

CLARITY Act: Senate Banking Republicans Yet to Secure Full Support Ahead Markup

In the latest CLARITY Act update, Senate Banking Republicans have yet to secure full support from all Republicans on the Committee, which is necessary as they look to at least advance the crypto bill along party lines. Senate Banking Committee Chair Tim Scott expressed optimism that he could soon secure full Republican support and that they could mark up the crypto bill in May.  Full Republican Support Still Missing Ahead of Potential CLARITY Act Markup  According to a Punchbowl report, Senate Banking Republicans have yet to secure full support from all Republicans on the Committee as they look to advance the crypto bill. The report highlighted Senator John Kennedy as one of the members of the Committee who continues to withhold their support for the bill.  This development comes as Senator Thom Tillis, who appeared to be a holdout among the Republicans, pushes for a CLARITY Act markup. Tillis said that he will ask Senator Scott to schedule a markup for the crypto bill once they return from their May recess.  However, full Republican support is key, especially as the Senate Banking Republicans may need to advance the crypto bill along party lines. Senator Scott, who is the Committee Chair, already signaled that he

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