Author: CryptoGlobeToday.com
The U.S. government is running a Bitcoin node as part of a cybersecurity test, according to Admiral Samuel Paparo, the commander of U.S. forces in the Pacific. Summary Admiral Samuel Paparo said the U.S. runs a Bitcoin node for cybersecurity tests, not mining. The military views Bitcoin as a cryptography and blockchain tool to help secure networks today. Paparo said the government remains in an experimentation phase as it studies Bitcoin’s defense applications. He told lawmakers that the work is still in an experimental stage and is focused on network protection, not on producing Bitcoin. Paparo said the government is…
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…
As Dogecoin (DOGE) consolidates below a key area, some analysts suggest that the market’s recent bullish momentum and whale accumulation could push the memecoin’s price above a crucial resistan level soon. Related Reading Dogecoin Big Price Move Faces Strong Resistance On Tuesday, Dogecoin continued to move sideways between the $0.093-$0.096 price range after failing to break above a crucial resistance level. Amid last week’s market pump, the leading memecoin broke out of the $0.096 barrier for the first time in two weeks, briefly touching the $0.10-$0.102 resistance on Friday. Market analyst Ali Martinez suggested that DOGE is preparing for a…
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,…
The government of Uzbekistan is creating a “crypto mining valley” in one of its regions bordering Central Asia’s mining powerhouse, Kazakhstan. Miners will be granted almost a decade-long tax exemption as part of the nation’s push to catch up with neighbors that are already ahead in developing the industry. Bitcoin miners to enjoy benefits in Uzbekistan’s new crypto valley Uzbekistani authorities are establishing a special economic zone called the Besqala Mining Valley in the autonomous Republic of Karakalpakstan. The region is situated in the northwestern part of the country and borders Kazakhstan, which accounted for roughly 13% of the global…
Bitcoin traded near $75,000 after recovering about 24% from its February low near $60,000. Summary Bitcoin traded near $75K as whales increased exchange inflows and analysts warned of rally resistance. Long-term holders added 354,000 BTC, while short-term traders moved 60,000 BTC to exchanges recently. Binance reserves fell as spot Bitcoin ETFs added 25,600 BTC and tightened market supply. Even so, recent on-chain data showed that larger holders kept sending coins to exchanges while long-term investors added to their positions. CryptoQuant contributor Maartun said the move does not yet confirm a full trend reversal. In an April 20 video, he said…
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…
Charles Schwab has shown interest in entering prediction markets as part of its wider product review. Chief executive Rick Wurster told investors that the company is considering whether to offer such services in the future. Summary Schwab considers prediction markets but excludes sports, politics, and entertainment-related betting products. Citadel Securities monitors prediction markets growth but notes low liquidity limits current participation plans. Both firms see potential in event contracts for hedging financial and portfolio-related risks. Wurster said prediction markets were “not of tremendous interest” among some clients when discussed recently. He also noted that Schwab would “take a hard look…
A US federal judge has dismissed a class-action lawsuit linked to a memecoin promoted by Caitlyn Jenner. Summary US judge ruled Caitlyn Jenner memecoin did not qualify as security under investment contract standards. Court said investors failed to prove pooled funds or structured financial returns linked to token. Lawsuit claims involving token promotions and donations were rejected and case dismissed from federal court. The court found that the claims did not meet the legal standard required to classify the token as a security under US law. Judge Stanley Blumenfeld Jr. stated that the complaint failed to show that the token…
TLDR: Tennessee bill allows up to 10% of public funds in Bitcoin with a strict annual purchase cap in place. The proposal mandates cold storage and multi-party custody to improve security of state-held Bitcoin assets. Only Bitcoin is permitted under the bill, excluding all altcoins from state investment strategies. On-chain proof of reserves is required to ensure transparency and public verification of holdings. Tennessee is moving closer to integrating Bitcoin into its public finance framework after a proposed reserve bill advanced to the Senate Finance Committee. The measure sets strict rules for allocation, custody, and acquisition, with a potential start…