Key Takeaways: Sen. Jeff Merkley led Democrats asking the CFTC to ban event contracts in 5 categories, including sports. Merkley filed the letter on April 30, the final day of the CFTC’s 45-day rulemaking input period. Sports drove 87% of Kalshi’s $39.7 billion in event-contract volume in the year ending February. Lawmakers Want the CFTC
Key Takeaways: Carrot ( DeFi Carrot) shut down April 30, 2026, citing the $285 million Drift Protocol exploit as the cause. Users have until May 14, 2026, to withdraw from Boost, Turbo, and CRT before forced deleveraging begins. Drift recovery distributions will be paid proportionally via IOU token, based on a CRT snapshot from April
Key Takeaways: Moonpay acquired Israeli firm Sodot for $100 million in an all-stock deal closed in April 2026. Moonpay Institutional launched to provide regulated DeFi and stablecoin access to global asset managers. Former CFTC official Caroline Pham will lead the new unit to capture growing institutional crypto demand. Caroline Pham Leads Moonpay Institutional Move Into
Key Takeaways: Coinbase Asset Management launched CUSHY to expand tokenized credit access for qualified investors. Institutions can access tokenized shares and supported networks, including Ethereum. Risk controls will guide underwriting, diversification, liquidity, and credit quality review. Coinbase’s CUSHY Expands Institutional Credit Onchain Stablecoin settlement is now moving deeper into institutional credit. Coinbase Asset Management announced
Key Takeaways: Gemini secured a CFTC Derivatives Clearing Organization license on April 29, 2026, enabling in-house clearing of futures, options, and swaps. Gemini Olympus, LLC now gives the exchange end-to-end control, cutting reliance on third-party clearers like QC Clearing LLC. Gemini’s DCM plus DCO licenses position it against Kraken’s Bitnomial stack, with FCM registration expected
Key Takeaways: MegaETH’s MEGA token began trading on April 30, 2026, on Binance, Coinbase, and 11 other major exchanges at 11:00 UTC. MEGA opened near $0.183 with an FDV of $1.82 billion and $78M-plus in 24-hour volume on launch day. Only 11.3% of MEGA’s 10 billion supply circulates at launch, with unlock events scheduled at
Key Takeaways: An attacker drained $4.5M to $5.5M from Wasabi Protocol by compromising the deployer EOA admin key on April 30, 2026. Virtuals Protocol froze margin deposits immediately after the breach, though its own security remained fully intact. Wasabi Protocol has not issued a public statement; users must revoke all approvals across Ethereum, Base, and
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. In the first installment of this series, we explored a foundational idea: Bitcoin mining was never just about digital currency. It was designed as
Meta has launched a new payout option allowing eligible creators in the Philippines and Colombia to receive their platform earnings in cryptocurrency. The program utilizes USD Coin (USDC), a stablecoin pegged to the US dollar, and processes transactions across the Solana and Polygon blockchain networks. Mechanics of the Stablecoin Payouts To participate, eligible creators must
Key Takeaways: Van Dyke pleads not guilty to five federal charges in Manhattan federal court Apr 28. Defense attorney Mark Geragos signals plan to challenge validity of the indictment. Kalshi had previously blocked Van Dyke under its ID requirements, per Reuters. The ‘Eddie Murphy’ Rule is Invoked By The CFTC In Prosecution The 38-year-old special