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In brief Odds of Bitcoin falling below $70,000 before the end of May have risen on Polymarket and Myriad. Nevertheless, traders still believe it will hold the line, with odds of it falling below at just 26%. Bitcoin’s price slide has been catalyzed by significant ETF outflows and rising crypto liquidations. Prediction market users think it’s more and more likely that Bitcoin will dip below $70,000 before May ends as the top crypto asset continues its weekly slide. Down 3% in the last 24 hours, Bitcoin was recently changing hands at $72,739, hanging just 3.9% above the $70,000 mark. Overnight, the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Stablecoin issuer Circle has reportedly blacklisted a smart contract linked to privacy protocol Zama, freezing approximately $12.6 million in user funds. The development, first flagged by on-chain investigator ZachXBT, involves the protocol’s Confidential USDC (cUSDC) contract deployed on Ethereum seven hours before ban. The affected contract address had been publicly documented in Zama’s docs and visible on blockchain explorers, making the freeze both traceable and verifiable in real time. Zama’s Frozen Funds Draw Relationship To Overnight Finance And Legal Dispute According to further findings by ZachXBT, the freeze…

In brief A new executive order tasks federal regulators with tightening fraud screening and limiting credit lines for undocumented immigrants. Experts say the policy mirrors an alleged plot under the Biden administration to choke crypto firms—and the driving force behind the creation of World Liberty Financial. Critics warn that freezing millions out of the traditional banking system could backfire by benefiting organized crime or provoking future retaliation. When President Donald Trump’s family faced growing pressure from banks, it embraced crypto. Now, immigrants who are in the U.S. illegally face a similar choice under what policy experts describe as a move…

In brief A Google employee was charged over alleged Polymarket trades using private data. The CFTC also filed a civil case seeking penalties and trading bans. The case is positive for prediction markets because it shows insider activity can be prosecuted, an industry expert told Decrypt. Federal prosecutors charged a Google employee with commodities fraud, wire fraud, and money laundering, alleging confidential data was used to trade on Polymarket prediction markets.Michele Spagnuolo, a staff software engineer at Google who used the alias “AlphaRaccoon,” allegedly bet about $2.75 million across Google-related Polymarket contracts from October 15 to December 4 last year,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a market where most institutions focus on crypto, Bit Digital appears to have taken a more forward-looking approach by recognizing Ethereum’s strategic importance early on. While many players were still treating ETH as a secondary asset, Bit Digital began positioning itself around ETH’s long-term potential as the backbone of decentralized finance, staking, and tokenized economies. Ethereum’s Role As A Settlement Layer Continues To Expand In a recent post on X, Bit Digital revealed that the company recognized Ethereum as a core strategic balance sheet asset years…

In brief Supporters say the Clarity Act would make the U.S. the global leader in crypto regulation and influence policy abroad. Critics like Sen. Elizabeth Warren warn it could weaken anti-money laundering standards worldwide. The bill would legalize most crypto activity in the U.S. and move much of the industry under CFTC oversight. The Clarity Act in the United States hardly needs more drama. Over the last year, the still-yet-to-be-passed crypto bill has weathered starts, stops, eleventh hour mutinies, all-out inter-industry battles, and heaps of frustration from lawmakers.But after narrowly surviving a key committee vote two weeks ago, the bill…

In brief Former Ukrainian police officers allegedly kidnapped crypto entrepreneurs and extorted roughly $2.2 million through violence, intimidation, and fake debt claims. Prosecutors say the group targeted at least four victims, using law enforcement tactics, official transport, and police impersonation to carry out the scheme. The case comes amid a global rise in crypto “wrench attacks,” where criminals use physical coercion to steal digital assets. Former Ukrainian police colonels allegedly turned their law-enforcement expertise into a criminal enterprise, kidnapping crypto entrepreneurs and extorting over $2.2 million in a series of crypto “wrench attacks,” according to prosecutors.The Kyiv Regional Prosecutor’s Office…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Securities and Exchange Commission (SEC) is pressing charges against Nathan Fuller, a Texas resident, for running a multi-million dollar crypto investment fraud scheme. The case, filed at the US Southern District of Texas, seeks several penalties against the defendant for allegedly defrauding 150 victims. In a press release on May 28, the SEC stated that Fuller had adverted to and sold interests in a joint-venture crypto trading scheme under the company Privvy Investments LLC, linked to the business names Privvy Investments and Gateway Digital Investments.…

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors rebound slightly, up 1-2%; BTC at $73.3k HYPE rebounds 10% after ICE CEO calls it “Bigger than Nasdaq” JPMorgan says the debasement trade is unwinding, driving BTC & gold lower Standard Chartered compares ETH to Amazon in 2021, lays out $40k target Anthropic raises $65B at $965B valuation, releases Claude…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Leveraged traders betting on a price recovery got hit hardest when the Sui blockchain went down for the third time in under 48 hours. Data from CoinGlass shows that long positions accounted for $1.72 million of the $1.88 million in SUI liquidations recorded during the latest disruption. The Ripple Effect On Price SUI fell to $0.9035 on Binance following the third stall, extending a slide that has now reached roughly 8% since the trouble began on May 28. The $1.00 support level — one that held for…

In brief The SUI token is down 20% this week and now more than 83% off its all-time high at $0.89. The Sui layer-1 blockchain suffered downtime for the second consecutive day on Friday. The network has a history of outages, with three significant events this year alone. The native token of the Sui blockchain, SUI, is down 20% on the week as its layer-1 blockchain suffered a “network stall” causing downtime for the second consecutive day. Recently changing hands at $0.89, SUI is down a further 2% in the last 24 hours and is now more than 83% off its…

In brief The CFTC has approved Kalshi to offer Bitcoin perpetual futures, marking a major milestone for the overwhelmingly offshore asset class. The regulator had already flashed a similar green light for Bitnomial under its previous chair in December. This approval accelerates Kalshi’s evolution into a derivatives exchange, intensifying its rivalry with Polymarket. The CFTC issued an order Friday allowing Kalshi to offer perpetual futures tied to Bitcoin’s price in the U.S., reflecting the regulator’s growing acceptance of the derivatives.Although the prediction market described the debut in a blog post as the “first-ever perpetual futures in America,” the CFTC flashed…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After beginning the week with a steep drop from around $78,000, the Bitcoin price appears to have found stability near $73,500. However, a recent on-chain evaluation suggests that if a condition is not met, this newfound stability might just be the typical calm that precedes a storm. Bitcoin’s Key Support Sits Around $72,400 Crypto analyst Darkfost recently took to the social media platform X in a May 29 post to highlight a critical development in Bitcoin’s on-chain dynamics and its impact on the underlying. The relevant indicator…

In brief Five frontier AI models disagreed on 67% of 1,000 real-world fact-check claims. Unanimous agreement happened on only 328 claims. At 0.639 Krippendorff’s alpha, the models fall below the 0.8 reliability threshold. Ask five of the world’s most advanced AI systems whether a statement is true, and two-thirds of the time, at least one will give you a different answer. That’s the finding of a new study published this month by researcher Kosta Jordanov at Lenz Research.The study gave GPT-5.4, Claude Opus 4.7, Gemini 3 Pro, Gemini 3 Pro with Search, and Sonar Pro the same 1,000 real-world fact-check…

Banking giant Goldman Sachs is raising its year-end target for the S&P 500 as the financial powerhouse points to stronger corporate earnings. Goldman has lifted its 2026 year-end forecast for the index to 8,000 from 7,600, citing continued strength in earnings, reports Reuters. The new target is 6.4% above the S&P 500’s last close of 7,519.12, according to the report. Goldman says earnings growth has powered the entire S&P 500 return so far this year and expects the same dynamic to continue in the coming months. The bank also raised its earnings-per-share forecast for the S&P 500 to $340 for…

The US Treasury market is the foundation of the global financial system. It determines mortgage rates, government borrowing costs, corporate lending, and the price of money across the world. For decades, investors treated it as the safest and most stable market on Earth.But after years of exploding government debt, repeated liquidity scares, and increasingly aggressive Federal Reserve interventions, Wall Street is starting to confront an uncomfortable possibility: the Treasury market may have become too large, too leveraged, and too systemically important to function without constant support.Now, with debt issuance accelerating and bond yields elevated, a different fear has taken hold…

In brief ICE and Hyperliquid are learning from each other’s models and operations, ICE CEO Jeffrey Sprecher said. Sprecher said SpaceX perps may test whether crypto prices matter before IPOs. The CFTC on Friday approved Bitcoin perpetual futures on prediction market platform Kalshi. Hyperliquid has become a wake-up call for traditional markets, prompting discussions with the crypto venue, studying its 24/7 model, and asking regulators whether U.S. exchanges can offer similar perpetual futures under clear rules.That’s according to Jeffrey Sprecher, founder, chairman and CEO of Intercontinental Exchange, who spoke at a fireside chat during Bernstein’s 42nd Annual Strategic Decisions Conference…