PANews May 4 news, the U.S. Commodity Futures Trading Commission (CFTC) has concluded the public comment period for the proposed regulations related to prediction markets, collecting over 1,500 public feedback submissions, with discussions on industry regulation continuing to heat up. Among them, mainstream platforms like Polymarket and Kalshi clearly support the regulatory framework, believing that federal-level unified regulation will help promote compliance and standardized development in the industry. Meanwhile, some market participants and state gambling regulators are calling for stricter regulatory and enforcement measures to prevent potential risks such as insider trading and illegal gambling. The results of this large-scale public comment collection reflect significant disagreements within the industry on key issues such as defining compliance boundaries, product attribute classifications, and the positioning of regulatory powers and responsibilities. The subsequent formal formulation and implementation of rules may become a core variable determining the future development direction of prediction markets.
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PANews May 4 news, the American law firm Gerstein Harrow LLP has submitted a restraining order to the New York District Court, attempting to prevent Arbitrum DAO from transferring 30,766 Ethereum (worth over 73 million USD) frozen due to the Kelp protocol's 292 million USD attack incident. The law firm stated that its client obtained default judgments against North Korea in three cases in 2010, 2015, and 2016, totaling 877 million USD in compensation and punitive damages, and claims its client has a right to claim against North Korean related assets. Kelp DAO suffered a hacker attack on April 18, with the incident believed to have been carried out by the TraderTraitor group under the North Korean-supported hacker organization Lazarus Group.
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PANews May 4 news, according to The Block, Kraken's parent company Payward has completed the acquisition of Bitnomial, thereby obtaining a full derivative brand license issued by the Commodity Futures Trading Commission (CFTC), including permits for futures commission merchants (FCM), designated contract markets (DCM), and derivatives clearing organizations (DCO). Payward co-CEO Arjun Sethi stated that the company will first launch spot margin services on Kraken, followed by perpetual contracts and options products. Bitnomial is a Chicago-based crypto-native exchange holding three types of licenses issued by the CFTC, enabling it to operate a full-stack domestic digital asset derivatives business.
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PANews May 4 news, Morgan Stanley's digital asset strategy head Amy Oldenburg stated at the Bitcoin conference in Las Vegas that although Bitcoin is expected to enter US bank balance sheets in the future, it currently faces multiple obstacles such as Federal Reserve guidance, Basel Accord rules, and global regulations. The first Bitcoin ETP (MSBT) issued by a bank, launched by Morgan Stanley, attracted over $100 million in funding within six days of its launch, although it has not yet been opened through financial advisor channels. Although the bank recommends a 2-4% allocation to Bitcoin, the adoption rate among advisors remains low, indicating that education efforts still need to be strengthened.
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PANews, May 3 news, U.S. President Trump accused the leadership of Tehran of being disunited, hindering an agreement to end the conflict that has lasted for nine weeks and triggered a global energy crisis. He stated that he could not agree with the "requests proposed by Iran," but some traders interpreted this as a negotiation strategy rather than a withdrawal from peace efforts. Investors will look forward to a new batch of U.S. stock earnings reports and U.S. employment data.
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PANews May 3 news, according to Financial Associated Press, Iran's ambassador to Pakistan, Mughadam, stated in an interview that Iran has submitted a new negotiation plan aimed at ending the US-Israel-Iran conflict to Pakistan. As the main mediator in the current process, Pakistan has handed over the new negotiation plan to the US. There are no signs from the Iranian side of changing mediators. Mughadam emphasized that while Iran takes necessary measures to defend its nation and people, it still firmly pursues a diplomatic path. However, everything depends on the US; if the US wants to seek breakthroughs in negotiations, it must change its behavior. Mughadam added that it is crucial for the Iranian people that the US stops its aggressive actions and respects Iran's rights.
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The true product-market fit of cryptocurrency is in currency and finance.
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PANews, May 2 news, according to The Information, the chairman of the Commodity Futures Trading Commission (CFTC) Michael Selig is advocating to limit state interventions in prediction markets to prevent state-level regulatory measures from hindering the industry's development. Since taking office a few months ago, Michael Selig has quickly started related work, trying to create a more relaxed federal regulatory environment for prediction markets, enabling more American users to participate in betting transactions on sports events and other event outcomes.
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On May 2, PANews reported that a law firm representing the families of victims of abduction/murder by the DPRK (North Korea) is applying to the court to seize related funds based on an old ruling made in 2009 regarding the 2000 "Reverend Kim" abduction case, following several incidents involving the Lazarus Group hackers and the freezing of related cryptocurrency assets. On-chain analyst ZachXBT pointed out that this law firm has repeatedly claimed priority reimbursement rights to the frozen assets in cases such as Harmony and Bybit, utilizing its publicly available on-chain tracing results, whereas these claims do not have a direct connection to the specific hacking incidents, resulting in delays or even obstacles in the asset recovery process for the actual hacking victims.
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The "60-day war clock," written into the War Powers Act in 1973, will once again strike zero on May 1, 2026. The authorization for military action against Iran should logically expire at this moment, prompting either the president to walk into Congress or withdraw troops in defeat. However, Trump chose a third option: on the same day the clock struck, he sent a letter to Congress, declaring that the U.S.-Iran military operations actually “ended” when a temporary ceasefire was reached on April 7, and therefore no longer constituted "hostilities" in the legal sense of the term, thus claiming there was fundamentally no...
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PANews May 1 news, according to Bybit market data, WTI crude oil has decreased by 4% during the day, currently reported at 102.71 dollars per barrel. Spot silver has risen over 3% during the day, while spot gold has briefly surged by 20 dollars. Brent crude oil has touched down to 107 dollars per barrel, with a decline of 2.83% during the day.
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PANews, May 1 news: U.S. stock market opened, Dow Jones up 0.36%, S&P 500 index up 0.4%, Nasdaq up 0.3%. The cryptocurrency sector rose broadly, Riot up 9.16%, Circle up 1.87%, Robinhood up 1.25%, Coinbase up 1.66%, Strategy up 3.61%.
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PANews May 1 news, according to Jin Ten reports, Al Jazeera cited sources saying that Iran submitted a new proposal through Pakistan, and the likelihood of successful nuclear negotiations is low, with the focus possibly shifting to ending the war. Previous reports indicated that Iran had submitted its latest proposal for negotiations with the United States to Pakistan. Following this news, international oil prices experienced a short-term decline, while spot gold and silver surged, with gold breaking through 4600 dollars per ounce.
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