Author: CryptoDispatchDaily.com

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…

Prediction market giant Polymarket has stepped up surveillance and compliance controls following a high-profile insider trading scandal. The prediction market operator is collaborating with Chainalysis to tighten oversight following the $410,000 insider bet on the capture of Venezuelan President Nicolás Maduro. According to Polymarket, it will work with Chainalysis to create a more reliable and transparent betting environment and, hopefully, set the gold standard for market oversight. It also stated that they will collaborate to introduce new monitoring and detection tools and reinforce on-chain security to prevent threats. Chainalysis will also help train Polymarket’s team, build new detection capabilities, and…

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 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…

Tether has proposed a multi-step plan for Twenty One Capital Inc. (NYSE: XXI) to merge with crypto trading platform Strike and bitcoin (BTC) miner Elektron Energy. The proposal outlines a two-stage merger: an initial combination of XXI and Strike, followed by a merger with Elektron Energy. Tether Investments, the majority shareholder of Twenty One Capital, announced Wednesday that it intends to vote its shares in favor of the proposal.  Twenty One Capital, a bitcoin-focused treasury venture, went public in December 2025 through a SPAC merger in New York. Its shares jumped 6.6% in after-hours trading on Wednesday following Tether’s announcement,…

Pi Network price rallied for the fourth straight day as Pi Network revealed progress towards the project’s technical roadmap ahead of Consensus 2026. Summary Pi Network price rose nearly 7% to $0.199, extending weekly gains to around 20% as user verification and mainnet migration activity accelerate. Over 1 million verified users have completed 526 million KYC validation tasks, supporting migration to mainnet and enabling future token transfers to exchanges. Technical indicators show strengthening momentum, with price nearing key Fibonacci resistance at $0.195; a breakout could target $0.234, while $0.180 remains key support. According to data from crypto.news, Pi Network (PI)…

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…

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…

RaveDAO (RAVE) is up about 106% on $418m volume after a 95% crash that erased nearly $6b, as ZachXBT alleges insiders ran a pump‑and‑dump and OKX funds the probe. Summary RaveDAO (RAVE) is trading around $1.27, up roughly 106% in 24 hours with about $418 million in volume, a parabolic move driven almost entirely by narrative and flow. Structurally, today’s candle looks like a late‑stage momentum blow‑off: vertical price, volume exceeding or matching market cap, and likely extreme intraday overbought readings. The spike comes just days after a 95% crash from roughly $26 to near $1 that prompted OKX to…