Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

The CFTC has filed lawsuits against several states, including Wisconsin, for attempting to regulate prediction markets through state gambling laws. The conflict between states and the federal government over prediction markets is not limited to partisan lines, with both red and blue states expressing opposition.

Robinhood's first-quarter profit of $346 million fell slightly short of analysts' expectations, with revenue at $1.07 billion attributed to growth in equities, options, and prediction markets. The company saw a 34% decrease in revenue from crypto transactions compared to the previous quarter.

Billionaire investor Paul Tudor Jones believes Bitcoin is the best hedge against inflation due to its capped supply, contrasting it with overvalued equities that may lead to weak future returns. He warns of potential negative impacts on the economy, government budget deficit, and bond market from a major stock market correction.

Binance's facial ID system locked out an ALS patient, freezing his crypto holdings for five months as bitcoin's value declined. The former Argentine senator's complaint went viral on social media, prompting Binance's co-CEO to intervene personally.

Bernstein analysts have reduced IREN's price target to $100 per share, citing a shift towards AI cloud services and away from Bitcoin mining. The company's partnership with Microsoft and projected revenue growth are key factors in the bullish outlook.

DeFi United, led by Aave, has outlined a technical plan to recover funds lost due to North Korean hackers depositing unbacked rsETH as collateral on Aave and Compound. The recovery strategy involves converting committed ETH into rsETH and liquidating the attacker's positions through adjusted oracle prices.

Chiliz, a sports-focused blockchain, is adding Solana and Base to its roster of over 70 fan tokens. The company is moving towards "omnichain distribution" to unify token supply across different chains.

Tether, in collaboration with Canaan Inc. and ACME Swisstech, introduced modular Bitcoin mining systems that separate compute from power and cooling components. This innovative design allows for independent optimization of each component, addressing traditional mining hardware constraints and enabling cost and efficiency control at scale.

President Donald Trump recently attended a conference for top holders of his meme coin at Mar-a-Lago, where he delivered remarks to an enthusiastic crowd. Despite growing scrutiny on Capitol Hill, the event allowed attendees to visit the significant venue in Trumpworld.

Galaxy Digital reported a second consecutive quarterly loss, with a first-quarter net loss of $216 million, an improvement from the previous year. The company's total assets declined by 12% to $9.99 billion, mainly due to a decrease in digital asset values.