Author: CoinBulletinDaily.com

TLDR Senator Thom Tillis said the Clarity Act is ready to move toward a Senate Banking Committee hearing. Lawmakers resolved several banking industry concerns over stablecoin reward provisions in the draft bill. Tillis urged the committee chair to proceed with a markup in mid-May. The Senate faces a tight legislative calendar with limited weeks before midterm campaign demands. Industry representatives welcomed signs of progress and called for swift committee action. Senator Thom Tillis said the Senate may soon advance the Digital Asset Market Clarity Act toward a committee hearing. He stated that negotiations with banking groups have resolved many disputes…

A video circulating on X this week has led one of the most persistent debates in the XRP community: just how high can the cryptocurrency’s price go? The clip, shared by pseudonymous account XRP Bags, features a woman describing what she calls a divine vision in which the altcoin appeared on her personal trading platform at a price of $25,000.  This is not the first time XRP has been subjected to ultra-bullish price predictions, but most of them have been based on technical analysis and/or the premise of adoption.  A $25,000 XRP Prediction Rooted In A Vision The prediction in…

TLDR Polymarket has asked the CFTC to lift its ban on U.S. traders. The company held recent discussions with CFTC officials about restoring access. The trading restriction followed a 2022 settlement with the regulator. The CFTC must vote before Polymarket can reopen its main exchange to U.S. users. Chairman Michael Selig currently serves as the only sitting commissioner. Polymarket has approached the Commodity Futures Trading Commission to restore access for U.S. traders to its main exchange. Bloomberg reported that company representatives held recent discussions with CFTC officials about lifting the existing ban. The restriction followed a 2022 settlement, and the…

Customers of the troubled digital-asset exchange Zondacrypto may be entitled to financial compensation from the state despite the lack of proper crypto regulation in Poland. Local media highlighted the option in reports that traders have lost access to at least 350 million złoty worth of funds on the platform, which restricted withdrawals amid issues with solvency. Poland launches investigation into Zonda’s crash Polish law enforcement authorities are now looking into the case of Zondacrypto, a major exchange on the local market that stopped processing client transactions amid liquidity issues. Prosecutors unveiled this week they have identified hundreds of potential victims…

TLDR: April 2026 recorded $606M in losses across 12 exploits, surpassing total Q1 losses by 3.7x. Social engineering led the largest breach, with Drift Protocol losing $285M in a 12-minute attack. Kelp DAO hack drained $293M via a bridge flaw, marking 2026’s largest DeFi exploit so far. Cross-chain risks surged as Aave absorbed $177M in bad debt tied to compromised rsETH collateral. Crypto exploits totaling $606 million hit the market across 12 incidents in just 20 days during April 2026. This makes it the worst month since the $1.4 billion Bybit breach in February 2025. The attacks spanned social engineering,…

TLDR New York Attorney General Letitia James has sued Coinbase and Gemini over alleged illegal gambling on their prediction market platforms. The state seeks at least $2.2 billion from Coinbase and $1.2 billion from Gemini in penalties and forfeited profits. James claims the platforms allowed users aged 18 to 21 to place sports-related bets, which violates New York law. Coinbase argues that prediction markets fall under federal oversight by the Commodity Futures Trading Commission. The legal dispute adds to ongoing court battles between the CFTC and several U.S. states over event-based trading platforms. New York Attorney General Letitia James has…

Bitcoin, Ethereum, and other major cryptocurrencies saw moderate gains early Wednesday, supported by strong exchange-traded fund inflows and easing geopolitical tensions. According to The Block’s crypto price page, bitcoin rose 2.2% in the past 24 hours to trade at $78,015 as of 4:30 a.m. on Wednesday. Ethereum rose 2.7% to $2,386 in the same period, and the broader crypto market was up 2.3%. “Crypto’s upside reflects a confluence of easing geopolitics, strong ETF inflows, and constructive positioning,” said Zeus Research Analyst Dominick John. “As Bitcoin broke above $75K, short positions were liquidated, triggering a mechanical squeeze.” Spot bitcoin ETFs have…

Unknown actors have sent fraudulent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, according to a warning from Greek maritime risk firm MARISKS cited by Reuters.  Summary MARISKS warned that scammers demanded bitcoin or USDT from shipping firms seeking passage near the Strait of Hormuz. Fraud messages promised safe transit as hundreds of ships and about 20,000 seafarers remained stranded there. The scam emerged as ceasefire uncertainty, port blockades, and vessel attacks kept maritime risks elevated. The messages reportedly ask for bitcoin or USDT in exchange for “clearance” through the waterway. MARISKS said the…

Aave price plummeted nearly 20% to around $90 by Monday morning following a massive exploit at Kelp DAO that left the protocol saddled with roughly $196 million in bad debt. Summary Aave fell 16% to near $90 after a $293M Kelp DAO exploit triggered $8B in TVL outflows and left $195M in bad debt. Large withdrawals from whales, including MEXC and Abraxas Capital, intensified selling pressure and investor exits. Derivatives data shows rising open interest and negative funding rates, signaling a potential short squeeze and rebound. According to data from crypto.news, Aave (AAVE) price fell from $106 on Sunday to…

TLDR: Polymarket is targeting a $400M funding round at a $15B valuation, a 67% jump from its October 2025 figure.  Total new financing could reach $1B as Polymarket looks to add strategic investors alongside existing backer ICE.  Prediction market monthly volumes surged from $1.2B in early 2025 to over $20B by January 2026, per TRM Labs.  Regulatory pressure mounts as U.S. senators push the Prediction Markets Are Gambling Act to restrict certain contracts. Polymarket is seeking to raise $400 million at a $15 billion valuation, The Information reported Sunday. The decentralized prediction markets platform is in active talks with investors…