Author: CoinBulletinDaily.com

Recently on the social media platform X, blockchain investigator ZachXBT flagged a fraudulent prediction market product, PolyArb, warning that the site contains a wallet drainer designed to steal funds from users who connect their wallets.  Tech investor William LeGate’s interaction with the fraudulent product’s account on Twitter prompted ZachXBT’s warning, as LeGate was giving it visibility to a wider audience of potential victims.  Why are scammers targeting prediction markets?  Blockchain investigator ZachXBT recently flagged a fraudulent prediction market product called PolyArb, warning that the site contains a wallet drainer designed to steal funds from users who connect their wallets.  Prediction…

Crypto onramping solution Fun has raised a $72 million Series A funding round co-led by Multicoin Capital and SignalFire, according to an announcement on Friday. The funding will help support the “deliberately small, engineering-led team,” including a push into the Asia-Pacific region with a new Singapore office, and through potential acquisitions. Founded in 2022, Fun provides background infrastructure to move value across blockchain rails, and powers the deposits, withdrawals, and settlement flows of some of crypto’s leading apps, including prediction market Polymarket, decentralized perps DEX Lighter, and lending protocol Aave. “Fun is focused on a simple but foundational problem: removing…

Coinbase says Senate negotiators have reached a deal on a disputed crypto bill provision tied to stablecoin rewards.  Summary Coinbase says negotiators reached a rewards compromise, easing a key delay for the CLARITY Act. Banks secured limits on deposit-like yield, while crypto firms kept activity-based user rewards under rules. The Senate markup path now depends on committee support, regulatory details, and wider political backing. The agreement could help the CLARITY Act move toward a Senate markup after months of delay. According to a Reuters report, the debate centered on whether crypto firms and stablecoin issuers should offer rewards to customers.…

TLDR Sberbank confirmed it will launch crypto trading services after Russia enacts digital asset regulation and exchange trading begins. Ruslan Vesterovsky said the bank stands ready to provide access once the legal framework takes effect. The Bank of Russia continues to classify cryptocurrencies as high-risk instruments under its policy framework. The central bank’s December 2025 concept allows qualified and non-qualified investors to buy crypto assets under set conditions. Non-qualified investors may invest up to 300,000 rubles per year after passing a mandatory test. Russia’s largest lender signaled readiness to enter cryptocurrency trading once national rules take effect. Senior Vice President…

TLDR: LINK trades at $9.20, gaining 1.13% daily despite a 1.75% weekly pullback in a weak market structure Whale activity shows phased redistribution of LINK holdings, signaling steady supply rotation 24-hour volume near $179M reflects active participation amid ongoing consolidation phase Market structure remains range-bound as liquidity shifts between exchanges and private wallets Chainlink (LINK) trades at $9.20 with $179,867,749 in 24-hour volume, reflecting a 1.13% daily gain despite a -1.75% weekly decline. Chainlink whale activity continues to shape market structure as large holders redistribute millions of tokens during consolidation.  This mix of price recovery and ongoing supply shifts keeps…

TLDR Thailand SEC has proposed new rules to allow digital asset firms to apply for derivatives licenses within existing entities. The proposal removes the requirement for crypto firms to establish separate companies for derivatives operations. The regulator aims to expand access to crypto futures while strengthening oversight and compliance standards. The consultation period will remain open until May 20 for industry feedback. Blockchain.com launched perpetual futures trading with up to 40% leverage using Bitcoin as collateral. Thailand’s securities regulator has opened consultation on new licensing rules for digital asset firms. The proposal allows firms to seek derivatives licenses within existing…

Bitcoin traded at $77,250 at press time, with 24-hour volume at $30.89 billion, per crypto.news data.  Summary Bitcoin must break $79,000 to target the next resistance zone between $86,000 and $88,000. More than 10,000 BTC moved to exchanges last week, raising short-term selling pressure concerns. Analysts remain split as Bitcoin holds an uptrend while May seasonality shows no clear bearish pattern. The asset gained 2% in the past day but remained down slightly over seven days. The price has recovered from earlier weakness and now trades in a short-term uptrend. The chart shows higher lows since mid-March, pointing to steady…

The blockchain boom has accelerated, driving a sharp rise in active networks. DefiLlama now tracks more than 500 chains, highlighting the scale of this growth. While many new chains have launched, only a select few have achieved lasting success. Alchemy lists 64 such chains, each holding a significant market capitalization. Among these chains, some have recorded substantial growth and dominate the market. On the other hand, others have experienced a near collapse in demand, with fewer users despite commanding a large market capitalization.  Chains with high market cap but low active users Despite the blockchain boom, some chains have failed…

TLDR Gemini secured approval from the U.S. Commodity Futures Trading Commission for a derivatives clearinghouse license. The license allows Gemini to clear and settle trades internally without relying on external providers. Gemini aims to expand into the prediction market sector and compete with platforms like Kalshi and Polymarket. The company plans to offer a full trading ecosystem including futures, options, and event-based contracts. Gemini shares increased by about 7% following the announcement of the approval. Gemini secured regulatory approval to expand its trading operations into U.S. derivatives and prediction markets. The move allows the exchange to handle trade clearing internally…

PRESS RELEASE. As the crypto market matures, ViaBTC, a global cryptocurrency mining pool, is bringing sharper focus to blockchain’s role in modern finance. With institutional adoption increasing and speculative narratives cooling, attention is shifting towards real utility, infrastructure, and long-term sustainability. ViaBTC CEO Haipo Yang defines blockchain’s role not as a universal technology layer, but as a financial system designed to enable trustless value transfer without reliance on centralized institutions. “ Blockchain is not just infrastructure or technology. It is a long-running experiment in replacing institutional trust with cryptographic systems,” said Haipo Yang, CEO of ViaBTC. “Decentralisation is the mechanism,…