Key Takeaways Kalshi sued the state of Minnesota on May 28 to block SF4760, a felony ban set to take effect August 1, 2026. The CFTC filed its own suit against Minnesota within 24 hours of the bill’s May 18 signing. More than a dozen states have moved against Kalshi; the case could decide who…
Key Takeaways Lookonchain says an Ethereum OG sold 55,000 ETH and 9,442 wstETH for ~$136M in a week, averaging $2,041. The selling adds to ETF outflows, pressuring ether as it tests the key $2,000 support level. Other whales are accumulating, with one buying 21,800 ETH for $47M, signaling split conviction. A Week of Steady Selling…
Key Takeaways An A16z-linked wallet has amassed 3.9 million HYPE worth $192.6 million since April 14, per Lookonchain. The buying makes A16z the largest external HYPE holder as the token reached its all-time high of $67.24 yesterday. A Genesis-era whale sold 1.5 million HYPE for a $95 million gain, testing the rally’s next leg. Smart…
Key Takeaways Circle blacklisted Zama’s cUSDC Ethereum contract on May 30, 2026, freezing $12.6M in pooled USDC funds. A U.S. federal court TRO tied to Newton AC/DC Fund LP’s lawsuit against Maxim Ermilov triggered the freeze. Zama plans to isolate the flagged deposit before a June 1 hearing to restore access for unaffected users. Circle’s…
Key Takeaways Peckshield flagged a ~$5.4M Gravity Bridge exploit on May 30, including $4.3M in USDC and 274 ETH. The theft adds to over $328M Peckshield tracked across bridge hacks in May 2026. The attacker still holds 2,102 ETH (~$4.23M), with onchain sleuths tracking the laundering trail. Funds Routed Through Binance and ChangeNow Gravity Bridge,…
Key Takeaways HYPE hit a record $67.24 on May 29 after the CFTC cleared the first U.S. perpetual futures contract. Grayscale says Hyperliquid earned about $800 million in fees in 2025, pressuring rival exchanges. A spot HYPE ETF decision from the SEC, filed as GHYP on May 22, is the next catalyst traders are watching….
MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises crypto and FinTech companies on MiCA licensing, CASP and VASP applications, and regulatory structuring across Europe and beyond. Early in 2025, a crypto founder spent six months dismantling their…
Key Takeaways Cryptoquant CEO Ki Young Ju says bitcoin’s PnL typically falls for about 18 months after a profit-taking cascade. Bitcoin’s downtrend began in October 2025 and won’t reverse until unrealized profits rebuild, Ju argues. Cryptoquant’s Bull-Bear Cycle Indicator flipped bullish on May 12, muddying the bear call. Still Some Time To Go Till The…
Key Takeaways Visa invested in Replit to bring secure payments into AI-built apps and agents. Over 1,000 Visa employees use Replit, signaling growing enterprise AI adoption. Replit plans Visa Trusted Agent integration, enabling autonomous software payments. Replit Expands Enterprise Sales as Visa Joins AI Commerce Initiative Visa has made a strategic investment in Replit, the…
Key Takeaways Marco Rubio designated CV and PCC as global terrorists, with FTO status scheduled to begin on June 5. Impacting the crypto market, the PCC used bitcoin mining to launder funds across Brazil. Lobbied by Flavio Bolsonaro, the US will next enforce strict FTO rules against the 2 Brazilian gangs. Comando Vermelho (CV) and…
