Author: James Wilson
Strive’s Bitcoin linked preferred stock SATA is emerging as a key credit market instrument while its common equity ASST gains traction in public markets, reshaping how institutions finance large Bitcoin treasuries through yield bearing securities rather than straight spot purchases. Summary Michael Saylor highlights SATA and ASST as the “most interesting story” in Bitcoin capital markets Strive uses SATA proceeds to buy thousands of BTC while paying double digit yield Strategy’s STRC preferreds have funded roughly $1 billion in recent Bitcoin purchases New Bitcoin backed preferred structures are reshaping corporate capital stacks and investor access In a post on X,…
The U.S. House Committee on Oversight and Government Reform has opened an investigation into Polymarket and Kalshi over concerns tied to insider trading and wagers allegedly linked to classified information. Summary James Comer launched a congressional probe into Polymarket and Kalshi over suspected insider trading and classified-information betting activity. Lawmakers cited reports of suspicious Iran-related wagers and a federal case involving a U.S. Army sergeant accused of using classified information to make over $409,000 in prediction market profits. The investigation comes as Polymarket faces mounting pressure from regulators and a recent suspected exploit tied to its UMA CTF Adapter contract…
NEAR Protocol has rallied more than 44% from its weekly low as AI-driven momentum, protocol upgrade optimism, and aggressive short liquidations pushed the token toward a major technical breakout. Summary NEAR price surged more than 44% from its weekly low as AI narrative momentum, protocol upgrade optimism, and short liquidations fueled a breakout above key resistance levels. A potential golden cross between the 50-day and 200-day moving averages has strengthened bullish sentiment, with traders now watching the $3 psychological level. CoinGlass data showed dense liquidation clusters above $2.30, while open interest jumped over 51% amid rising leveraged positioning in NEAR…
Bitcoin Pizza Day has once again drawn attention to the first known real-world Bitcoin transaction, a 2010 pizza purchase that later became one of the most referenced moments in cryptocurrency history. Summary Bitcoin Pizza Day commemorates the first known real-world Bitcoin purchase after Laszlo Hanyecz paid 10,000 BTC for two pizzas in 2010. The 10,000 BTC used in the transaction would now be worth more than $772 million with Bitcoin trading near $77,000. Crypto exchanges and online communities continue to celebrate May 22 each year with promotions, memes, and references to Bitcoin’s early history. According to archived posts on the…
Polymarket’s UMA CTF Adapter contract on Polygon has reportedly been targeted in a suspected exploit, with onchain analysts warning users to pause activity. Summary ZachXBT flagged a suspected UMA CTF Adapter exploit on Polygon with losses above $520K reported. PeckShield said two addresses were drained and some stolen funds were deposited into ChangeNOW already. Bubblemaps warned attackers were removing 5,000 POL every 30 seconds as losses kept rising quickly. A ZachXBT community alert said Polymarket’s UMA CTF Adapter contract on Polygon was suspected of being attacked. The alert listed losses above $520,000 and named the attacker address as 0x8F98075db5d6C620e8D420A8c516E2F2059d9B91. PeckShield…
Polymarket has reportedly appointed a Japanese representative as the prediction market platform moves toward securing approval to operate legally in the country by 2030. Summary Bloomberg reported that Polymarket has appointed a Japan representative as it works toward regulatory approval in the country by 2030. Japan remains on Polymarket’s restricted access list while local gambling laws continue imposing strict penalties on unauthorized betting activity. Expansion efforts in Japan have surfaced as regulators in India, Argentina, and parts of the U.S. continue tightening oversight on prediction markets. According to a Friday Bloomberg report citing people familiar with the matter, Polymarket sees…
Bitcoin options expiry saw traders cut risk, with Greeks.live data pointing to weak activity, lower implied volatility, and defensive positioning. Summary Greeks.live said 21,000 Bitcoin options expired with $1.6 billion in notional value settled on Friday. Ethereum options activity cooled as 129,000 contracts expired, with ETH spot below max pain levels. Lower implied volatility and defensive whale trades point to weaker appetite after Bitcoin’s rally stalled. Greeks.live said 21,000 Bitcoin options expired on May 22, carrying a put-call ratio of 0.66, a max pain level of $78,500, and $1.6 billion in notional value. The data also showed 129,000 Ethereum options…
MoonPay is launching MoonPay Trade, a new institutional platform that promises banks and fintechs unified access to tokenized assets, DeFi protocols and stablecoin liquidity across more than 200 blockchains. Summary MoonPay Trade targets banks, fintechs and enterprises with one interface for tokenized assets and DeFi The platform will serve as the execution layer for MoonPay Institutional It supports tokenized fund subscriptions, collateral transfers and on-chain lending via Aave, Morpho and Maple According to CoinDesk, MoonPay introduced on May 21 MoonPay Trade as a dedicated trading and execution stack for its institutional clients. The platform is aimed at banks, fintech companies and…
Singapore’s MAS has revoked the Bsquared license after finding false statements and serious regulatory breaches at the crypto firm. Summary Singapore’s MAS revoked Bsquared Technology’s MPI licence effective May 14, less than 18 months after it was granted on January 1, 2025. MAS found serious weaknesses in risk management and conflict of interest policies, plus failures in outsourcing arrangements with related entities. Bsquared provided false or misleading information to MAS on multiple occasions, from its licence application through the regulator’s own inspection. The Monetary Authority of Singapore revoked Bsquared Technology’s MPI licence effective May 14, 2026. The revocation came 16…
Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain. Summary Amundi, Europe’s largest asset manager, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain in their strategy. SAFO is a tokenized sub-fund under the SPIKO SICAV structure, backed by total return swaps with BNP Paribas as a Tier 1 banking counterparty. The launch coincides with US Solana spot ETFs crossing $1 billion in assets under management and Goldman Sachs reducing its SOL exposure. Amundi, managing €2.4 trillion in assets, and Spiko Finance announced the launch…