Federal-state tensions rise as CFTC targets another state in betting probe

The Commodity Futures Trading Commission (CFTC) has intensified its legal battle over prediction markets, filing a new federal lawsuit against Wisconsin, making it the fifth U.S. state targeted in its escalating crackdown on state-level enforcement actions.  The lawsuit, filed Tuesday alongside the U.S. Department of Justice in the Eastern District of Wisconsin, argues that Wisconsin overstepped its authority by suing five prediction market platforms last week, including Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase. The federal regulator says those actions interfere with its exclusive jurisdiction over federally regulated derivatives markets under the Commodity Exchange Act.  In its complaint, the CFTC said Wisconsins attempt to “criminalize and shut down federally regulated markets” undermines the national framework Congress established for overseeing swaps and event contracts.  The agency maintains that prediction markets fall under federal derivatives law rather than state gambling statutes, creating a direct conflict between Washington and state regulators.  Still letting the bank keep the best part? Watch our free video on being your own bank.

04-29

SUI Price Prediction: $0.88 Target Within Two Weeks as Technical Breakdown Accelerates

Technical Structure Points Lower  SUI has entered a precarious position after multiple failed attempts to break above $0.95, creating a pattern that favors the bears. The token currently trades at $0.92, representing a -0.70% decline that places it firmly below critical moving averages. The 20-period simple moving average sits at $0.95, effectively capping any upside momentum and reinforcing the resistance level.  The momentum picture has deteriorated significantly, with the RSI at 46.8 indicating neither oversold conditions that might attract buyers nor the strength needed for a sustained rally. This neutral reading in a downtrending market typically precedes further weakness. The MACD histogram‘s position near zero reflects the absence of any meaningful directional momentum, while SUI’s position within the Bollinger Bands at 0.24 shows the token hugging the lower boundary.  Market Dynamics Favor Distribution  The derivatives landscape reveals a concerning disconnect between positioning and actual market action. While retail traders maintain a 60.5% long bias and smart money positioning shows 65.1% long exposure, the aggressive taker sell ratio of 0.69 indicates active selling pressure from larger players.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full SUI price, calculator & analysis  This dynamic becomes more pronounced when examining

04-29

Judge Rejects Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case

Tech  Judge Rejects Sam Bankman-Frieds Bid for New Trial in FTX Fraud CaseU.S. District Judge Lewis Kaplan rejected Sam Bankman-Frieds request for a retrial this TuesdayThe judge characterized the motion as an attempt to rehabilitate the defendants public imageBankman-Fried claimed three ex-FTX officials could testify that the platform remained financially viableKaplan noted the defendant had access to these witnesses during the original proceedings but declined to call themThe FTX founders appeal of his fraud conviction and quarter-century prison term remains active  A federal judge has turned down Sam Bankman-Frieds attempt to secure a new trial following his conviction for orchestrating one of the most significant financial frauds in recent history.  A federal judge rejected FTX co-founder Sam Bankman-Frieds do-it-yourself motion for a new trial based on what the former crypto king claimed was new evidence https://t.co/Yke9vgqa37  — Bloomberg (@business) April 28, 2026  Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, who oversaw the 2023 criminal proceedings and imposed a 25-year prison sentence on the disgraced crypto entrepreneur in early 2024, issued the denial order on Tuesday.  In his ruling, Kaplan delivered a sharp rebuke, stating that the motion seemed to represent “one part of a plan to rescue his

04-29

Silver: Inflation shock threatens demand – TD Securities

Finance  Silver: Inflation shock threatens demand – TD Securities  TD Securities commodity team highlights that Silver has already fallen sharply since the conflict began and could face further downside if inflation slows growth and raises carry costs. They warn that weaker industrial demand and higher rates may erode the projected deficit, though a later-year recovery is expected once the Oil shock fades and structural supply constraints reassert themselves.  Industrial metal faces cyclical headwinds  “With that, inflation expectations would almost certainly rise further, and markets would once again grow increasingly concerned about stagflation and higher interest rates across the yield curve. These concerns have already weighed heavily on precious and base metals. Gold is down roughly $700/oz since the conflict began (–13%), silver has fallen $21/oz (–22%), and copper has remained flat despite a deep market deficit.”  “Silver is also likely to drop sharply if inflation causes the economy to slow and increases the cost of carry. A weak economy would reduce industrial demand, while higher rates would erode investor interest.”  “Together, these forces could erode our currently projected deficit and move the market toward balance, suggesting prices may gravitate closer to the marginal cost of production. However, once the oil shock has passed, a structurally weak

04-29

OP Price Prediction: $0.11 Breakdown Imminent as Bears Circle Wounded Bull

Market Context: Why OP is Breaking Down Now  Optimism is bleeding out at $0.12, and the technical damage runs deeper than surface consolidation suggests. Trading 52% below its 200-day moving average at $0.25 exposes the fundamental weakness plaguing this token since the broader market turned. Daily volume on Binance has collapsed to $1.87 million—institutional money has completely abandoned ship.  The -0.0381% negative funding rate means shorts are collecting payments just for holding their positions, yet open interest jumped 7.44% as fresh capital enters exclusively on the short side. This setup screams capitulation phase, where every bounce gets sold and support levels crumble under selling pressure.  Technical Breakdown Accelerating  The RSI at 50.20 masks the real story—momentum has completely died while price action deteriorates. OP sits dead center of its Bollinger Bands at exactly the 0.50 position, creating a textbook squeeze formation that resolves violently in either direction. The convergence of all moving averages at $0.12 has created a critical decision point, and the selling pressure is winning.  Every technical indicator points to the same conclusion: this consolidation is distribution, not accumulation. The MACD histogram flatline at zero confirms momentum traders have exited, leaving only weak hands defending increasingly fragile support levels.  Whale Positioning Creates False Hope  Professional

04-29

Canada Eyes Crypto ATM Ban in Anti-Fraud Crackdown

Canada has proposed banning crypto ATMs nationwide as part of measures unveiled in the federal Spring Economic Update 2026.   The government described the machines as a key tool used by scammers to defraud victims and launder illicit cash proceeds.  “To protect Canadians by shutting down a primary method for scammers to defraud victims and for criminals to place their cash proceeds of crime, the Spring Economic Update 2026 proposes to ban crypto ATMs,” the text reads.  There are nearly 4,000 cryptocurrency ATMs operating in Canada, according to figures cited in CBC. That gives the country the highest concentration of crypto ATMs per capita worldwide.  The proposed ATM ban is positioned as a public safety measure. Canadians would still be able to access services through money services businesses (MSBs), including purchasing digital assets at physical locations, while reducing the sectors exposure to illicit activity.  Meanwhile, Canadian lawmakers are separately advancing legislation to bar political campaigns from accepting cryptocurrency donations  Canadas parliament advanced Bill C-25, which would ban crypto donations to federal political campaigns.  The bill passed second reading with cross-party support and heads to committee review.  — Token Metrics (@tokenmetricsinc) April 27, 2026  Canada Joins a Broader Crypto ATM Crackdown  Canada is not the first country to clamp down on

04-29

Canada moves to ban crypto ATMs over fraud concerns

Canada has moved to tighten oversight of cryptocurrency use by proposing a nationwide ban on crypto ATMs while advancing legislation to block digital asset donations in federal elections.Canada has proposed a nationwide ban on crypto ATMs, with CBC News reporting they are widely used in fraud schemes.FINTRAC has identified crypto ATMs as a recurring channel in suspicious transaction reports linked to scams.Lawmakers have advanced Bill C-25 to prohibit crypto donations in elections, citing challenges in verifying donor identities.  According to CBC News, the federal government has outlined plans in its Spring Economic Update 2026 to ban crypto ATMs, describing them as a key tool used by scammers to extract funds from victims and process illicit cash.  The report notes that officials have linked the machines to fraud activity across the country, with investigations identifying them as a primary channel through which victims are instructed to transfer money.  A months-long investigation by CBC News, which included input from law enforcement agencies, financial regulators, industry participants, and fraud victims, found that crypto ATMs have become a central mechanism in scam operations. Financial Transactions and Reports Analysis Centre of Canada reached a similar conclusion in a February 2023 analysis of suspicious transaction reports, identifying these machines

04-29

NZD/USD weakens to near 0.5850 as markets brace for Fed rate decision

Finance  NZD/USD weakens to near 0.5850 as markets brace for Fed rate decision  The NZD/USD pair attracts some sellers to around 0.5865 during the early European session on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday, with no change in rate expected. Jerome Powells press conference will be closely watched.  The US central bank is widely expected to maintain interest rates at 3.50%–3.75% at its April policy meeting later on Wednesday. This would mark the third consecutive hold. This policy meeting is likely Chair Jerome Powells final session before a Fed Chair transition to nominee Kevin Warsh.  Powells press conference after the rate decision might offer some hints about how the Fed may react to the risks ahead. If the US central bank maintains a hawkish tone regarding persistent inflation, this could provide some support to the Greenback and act as a headwind for the pair in the near term.  US President Donald Trump said Iran asked the US to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an end to the two-month war. Mediators in Pakistan expect Iran to submit a revised proposal to end

04-29

Judge Rejects Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case

Tech  Judge Rejects Sam Bankman-Frieds Bid for New Trial in FTX Fraud CaseU.S. District Judge Lewis Kaplan rejected Sam Bankman-Frieds request for a retrial this TuesdayThe judge characterized the motion as an attempt to rehabilitate the defendants public imageBankman-Fried claimed three ex-FTX officials could testify that the platform remained financially viableKaplan noted the defendant had access to these witnesses during the original proceedings but declined to call themThe FTX founders appeal of his fraud conviction and quarter-century prison term remains active  A federal judge has turned down Sam Bankman-Frieds attempt to secure a new trial following his conviction for orchestrating one of the most significant financial frauds in recent history.  A federal judge rejected FTX co-founder Sam Bankman-Frieds do-it-yourself motion for a new trial based on what the former crypto king claimed was new evidence https://t.co/Yke9vgqa37  — Bloomberg (@business) April 28, 2026  Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, who oversaw the 2023 criminal proceedings and imposed a 25-year prison sentence on the disgraced crypto entrepreneur in early 2024, issued the denial order on Tuesday.  In his ruling, Kaplan delivered a sharp rebuke, stating that the motion seemed to represent “one part of a plan to rescue his

04-29

Class action claims Believe founder collected $54M while diluting token holders

A class action lawsuit has accused Believe founder Ben Pasternak of extracting $54 million in fees through token migrations tied to Launchcoin while leaving investors with losses.Plaintiffs allege Ben Pasternak and associated entities generated about $54M in fees across Believe platform tokens, according to the complaint.Court filings state a token migration increased supply by about 33.3% and erased holdings that were not converted within the set deadline.Separate New York court records show Pasternak has pleaded not guilty to assault related charges linked to a March 31 incident and is due back in court on June 11.  According to a complaint filed in the U.S. District Court for the Southern District of New York, plaintiffs Joshua Lee and Pierre Montmeas alleged that Pasternak and associated entities, including B24, Inc. and the Believe Foundation, carried out a series of token launches and migrations that generated significant revenue while reducing the value of investor holdings.  Court filings state that the Believe platform processed nearly $6 billion in trading volume and collected an estimated $54 million in fees across tokens such as $PASTERNAK, $LAUNCHCOIN, and $BELIEVE.  Migration terms and dilution claims  Details in the complaint identify an October 2025 migration from $LAUNCHCOIN to $BELIEVE as the central point

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