The Philippine Securities and Exchange Commission (SEC) has issued a cease and desist order against BG Wealth Sharing Ltd. and its listed founder, Stephen Beard, for the unauthorized solicitation of investments. The order, finalized on May 20 by the regulator’s Enforcement and Investor Protection Department (EIPD), commands the entity to immediately halt the sale of
Render rose to $2.25 on May 26, gaining 13.16% over 24 hours and 24.16% over seven days, according to crypto.news price data. Summary Render rallied above $2.25 as daily active addresses and new wallets hit 12-week highs together. Derivatives volume rose 126.52% while open interest climbed 47.27%, pointing to stronger trader activity. Render’s AI compute
When Hyperliquid’s HYPE token touched a record high above $64 on May 24, 2026, the financial press reached for the most comfortable available explanation: institutional money had arrived. The first US spot HYPE exchange-traded funds had launched days earlier, and the narrative wrote itself — Wall Street had blessed a decentralized derivatives exchange, and the
We have been waiting for the Ferrari Luce for eight years. It was January 2018 when, at the North American International Auto Show in Detroit, former Ferrari chairman and CEO Sergio Marchionne first hinted at a “prancing horse” EV to compete with Tesla. “If there is an electric supercar to be built, then Ferrari will
Key Takeaways Binance Wallet launched Event Rush on May 25, 2026, to let users trade on real-world event outcomes. Moving away from fixed odds, the 42.space protocol uses bonding curves to ensure continuous liquidity. Traders can exit early or hold for a share of 100% of the pool, though high entry prices risk net losses.
Justin Sun-advised HTX withdrew $570M from Aave, briefly spiking borrowing and lending yields, before depositing $600M back into the protocol. Source link
The Securities and Exchange Commission (SEC) has ordered cryptocurrency platform Riscoin and its associated entities to immediately cease and desist from soliciting investments and selling unregistered securities in the Philippines. The order, issued by the SEC Enforcement and Investor Protection Department (EIPD) on May 14, 2026, targets Riscoin, Riscoin Exchange, Riscoin Trading, League of Seagull
A crypto PAC affiliated with Fairshake has poured $5 million into a Texas congressional runoff ahead of Tuesday’s vote. Summary Protect Progress spent $5 million supporting Christian Menefee and $2.8 million opposing Al Green in Tuesday’s Texas 18th District runoff. The Kalshi prediction market puts Menefee’s odds at 91% and Paxton’s at 96% in the
Pope Leo XIV published his first encyclical on Monday. Titled Magnifica Humanitas, it addresses “safeguarding the human person in the time of artificial intelligence.” And while AI is the hook, the problems Leo focuses on are older and more pervasive: inequality, war, the erosion of democracy, and the concentration of power in the hands of
Key Takeaways Robert Kiyosaki connected Iran’s yuan oil payments to renewed concerns about dollar stability. Oil settlement is critical because energy markets help sustain global demand for dollars. Traders may focus more on debt, sanctions, reserves, and bitcoin alternatives. Kiyosaki Predicts Dollar Pressure From Yuan Oil Trade Robert Kiyosaki raised a stark warning about the