
Decrypt
Charles Schwab is preparing to enter the prediction markets industry by offering contracts via Cboe Global Markets for people to wager on the S&P 500's performance. The firm will introduce features like the "Plus Zone" and may expand offerings to other financial benchmarks in the future.
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DL News
Four teenage males, with police records, were arrested for a string of bogus over-the-counter crypto sale deals that ended in robbery and assault. The suspects, aged 17 and 18, admitted to planning the scheme after meeting in a juvenile detention center.

Coindesk
Binance has introduced a prediction markets feature in its Binance Wallet, allowing users to trade on real-world event outcomes within the app. The platform, Predict.fun, operates on BNB Chain and offers users the opportunity to earn yield while holding positions open.

Decrypt
Joe Schiarizzi, an Ethereum developer, announced his campaign to run for Democratic House candidate in Virginia's 7th congressional district. He aims to bring a fresh perspective to Washington, advocating for crypto regulation that benefits smaller projects and everyday users.

Coindesk
A $145.24 million long position on Fartcoin led to a 50% crash, costing the entity behind the wallets approximately $3 million. The liquidation on Hyperliquid triggered auto-deleveraging to prevent bad debt accumulation.

Decrypt
Fartcoin and Enjin Coin experienced significant price fluctuations, with Fartcoin dropping 28% after a sudden surge and liquidating millions in positions. Altcoins like Algorand, Bittensor, and World Liberty Financial are down 5-9% in the past 24 hours, reflecting a narrative-driven capital rotation.

Decrypt
Ben Delo, BitMEX co-founder, donated £4 million to Nigel Farage’s Reform UK party, aiming to support an alternative government option. Delo, based in Hong Kong, criticized the UK political system in a Daily Telegraph op-ed.

Coindesk
The perpetual preferred stock "Stretch" (STRC) by Strategy (MSTR) saw high trading volume of $333 million, remaining stable at its $100 par value. Designed for high yield, it incentivizes trading close to par for efficient capital raising.

Coindesk
Tom Lee predicts a stock market bottom, which could positively impact bitcoin, ether, and the broader crypto market due to their correlation. Lee's analysis is based on stock market resilience during escalating Iran war tensions and a positive rate of change inflection following the ceasefire.

Decrypt
Morgan Stanley's MSBT Bitcoin ETF attracted $30.6 million on its first trading day, despite a net outflow of $124.5 million from spot Bitcoin ETFs. With a 0.14% expense ratio, MSBT undercuts BlackRock's IBIT by 11 basis points, intensifying competition in the market.

DL News
The New York Times recently suggested that renowned cryptographer Adam Back could be the mysterious Bitcoin creator, Satoshi Nakamoto. Back has denied these claims, joining a long list of individuals who have been speculated to be Satoshi. The true identity of Satoshi Nakamoto may remain a mystery forever.