Industry News

  • Massie vs. Gallrein: Prediction Markets Bet $5.5M on the Most Expensive US House Primary Ever17 May 2026 15:30Ed Gallrein and Thomas MassiePrediction market traders have placed more than $5.5 million in combined volume on the Kentucky 4th Congressional District Republican primary, with challenger Ed Gallrein holding a narrow edge over seven-term incumbent Rep. Thomas Massie ahead of Tuesday’s vote. Gallrein Pulls Ahead of Massie on Polymarket and Kalshi in Kentucky House Race On Polymarket, the KY-04 […]
  • Big Dot Energy: Saylor Chart Puts Strategy’s Next Bitcoin Buy on Watch17 May 2026 14:11Big Dot Energy: Saylor Chart Puts Strategy’s Next Bitcoin Buy on WatchMichael Saylor’s orange-dot chart renewed focus on another potential Strategy bitcoin buy disclosure after showing 818,869 BTC and reserve value near $64 billion. Traders closely watch these posts because similar charts have preceded past Strategy purchase updates. Saylor’s Orange Dot Post Puts Strategy’s BTC Scale in Focus Michael Saylor, Strategy’s executive chairman, put the company’s […]
  • Bitcoin Holds $78K Support as Traders Watch for Breakout Toward $80K17 May 2026 13:00Bitcoin traded in a narrow consolidation range on May 17 as traders monitored whether support near $77,700 could stabilize the broader bullish structure after the recent pullback from the $82,800 high. Market data showed BTC holding above the critical $78,000 zone while mixed technical indicators across multiple time frames reflected cautious sentiment and weakening bearish […]
  • Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins17 May 2026 08:30Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces StablecoinsWelcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Coinbase co-founder Fred Ersham considers investing in Venezuela, Grupo Salinas partners with Anchorage Digital, and Brazil bans a bank from conducting foreign crypto trades. Coinbase Co-Founder Meets with US and Venezuelan Officials in […]
  • The $40 Billion Opportunity: Why Nubank and Revolut Are Betting Big on Mexico17 May 2026 06:30The $40 Billion Opportunity: Why Nubank and Revolut Are Betting Big on MexicoRevolut and Nubank, two large neobanks, are now reaping the benefits of investing in Mexico, reaching milestones suggesting the market has reached an inflection point in the adoption of these alternatives, preferring them over traditional banks. Mexico Becomes A Hotbed for Alternative Neobanks The Mexican market, with over 90 million adults demanding financial solutions, is […]
  • Brazil Crypto Seizures Skyrocket 600% to $14 Million in 202517 May 2026 05:30Brazil Crypto Seizures Skyrocket 600% to $14 Million in 2025 Brazil Registers Large Rise In Illegal Cryptocurrency Seizures Brazil, one of the largest cryptocurrency economies in the world, has tightened its oversight on cryptocurrency crime, resulting in large volumes of digital assets used for illegal purposes being seized. According to data collected by Valor Econômico, over 71 million reais (nearly $14 million) in cryptocurrency was seized in connection with crimes, a 6x increase over the numbers recorded in 2024. Two high-profile cases surfaced last year, with the Federal Police seizing bitcoins and dollar-pegged stablecoins in both. The first one is related to a hack that targeted a banking middleware system and used Pix and cryptocurrencies as an exit rail for part of the $180 million syphoned. The second case tackled an organization that laundered hundreds of millions linked to the Brazilians so-called Bitcoin Pharaoh, Glaidson Acácio dos Santo, who operated one of the largest cryptocurrency ponzi schemes in Brazil through Gas Consultoria, a cryptocurrency investment platform. Other criminal groups have also been reported to use cryptocurrency for money laundering, including the Primeiro Comando da Capital (PCC) and the Comando Vermelho (CV). Crypto's main use case for these groups is to send remittances on alternative digital networks, obfuscating the funds' origins from Brazilian authorities. Nonetheless, even as the number has risen dramatically, it is still relatively low, as Brazil registered volumes of 505 billion reais ($100 billion) during the same period, with no benchmark to determine what portion of these is also used with criminal means. Chainalysis commercial director Drey Dias stated that the Brazilian system still faces challenges linked to investigations on digital assets, which results in problems when flagging wallets in these cases. "The secrecy surrounding investigations on the subject also hinders this work," he concluded.According to local media, the use of cryptocurrency for illicit purposes has skyrocketed in Brazil, with criminal groups leveraging it for money laundering purposes. The number reached 71 million reais (nearly $14 million) of 505 billion reais ($100 billion) that circulated in Brazil in 2025. Brazil Registers Large Rise In Illegal Cryptocurrency Seizures Brazil, one […]
  • Ermo Eero Says CLARITY Act Is ‘Not Yet the Bretton Woods Moment for Crypto’17 May 2026 04:30Ironwallet CEO Ermo Eero warns that unilateral U.S. law cannot substitute for mutual international treaties. He notes that the crypto industry must build genuine institutional trust by policing bad actors from within rather than fighting external oversight. A Pivot for Domestic Capital The U.S. Senate Banking Committee’s recent advancement of the CLARITY Act marks a […]
  • UAE’s Mubadala Raises Bitcoin ETF Stake 16% to $566 Million in Q1 202617 May 2026 03:30Abu Dhabi’s Mubadala Investment Company raised its stake in Blackrock’s Ishares bitcoin ETF by 16% in Q1 2026, disclosing ownership of 14.7 million shares valued at $565.6 million. Quarter by Quarter Mubadala’s bitcoin ETF exposure has grown in every reporting period since it first appeared in disclosures. The fund entered in Q4 2024 with a […]
  • Financial Giant IG Expands UK Crypto Platform to 100+ Digital Assets17 May 2026 02:30Financial Giant IG Expands UK Crypto Platform to 100+ Digital AssetsIG expanded UK crypto access with more than 50 additional digital assets, bringing its total offering above 100 tokens. The rollout follows regulatory approval for its crypto business and introduces swaps, advanced charting features, and upcoming wallet transfer support. IG Expands UK Crypto Access After FCA Registration The London-based trading platform IG announced on May […]
  • Canary XRP ETF Reports 213 Million XRP Holdings Worth $305 Million17 May 2026 01:30Canary XRP ETF Reports 213 Million XRP Holdings Worth $305 MillionCanary XRP ETF reported 212.6 million XRP, valued at about $305 million, as its latest holdings update followed a quarterly SEC filing. The trust’s disclosures showed rising token holdings, spot-only exposure, and valuation pressure tied to XRP’s price action. Canary XRP ETF Reports Expanded Holdings Canary Capital Group published holdings for Canary XRP ETF showing […]