PANews, May 5 - According to Bybit market data, the three major US stock indices all closed lower, with the Dow Jones down 1.03%, the NASDAQ down 0.03%, and the S&P 500 down 0.25%. Cryptocurrency concept stocks generally rose, with COIN (Coinbase) up 6.27% during the day; HOOD (Robinhood) up 3.88% during the day.

PANews, May 4th news, U.S. stocks opened, the Dow fell 0.3%, the S&P 500 index fell 0.1%, the Nasdaq opened flat. Cryptocurrency concept stocks were mixed, Circle rose 9.15%, Coinbase rose 5.03%, Hut 8 rose 1.83%, ABTC fell 2.89%.

PANews May 4 news, according to Bybit market data, U.S. stocks opened, with the Dow down 0.30%, the Nasdaq up 0.32%, and the S&P 500 index up 0.04%. Cryptocurrency-related stocks were generally up, with COIN (Coinbase) rising 4.34% in the day; HOOD (Robinhood) rising 2.25% in the day.

PANews May 4 news, according to Reuters reports, the U.S. Securities and Exchange Commission (SEC) has delayed the review of the first batch of prediction market ETFs, causing the listing of more than 24 related products originally scheduled for this week to be postponed. It is reported that institutions like Roundhill Investments and Bitwise had previously submitted multiple prediction market ETF applications, which are mainly linked to real events such as election results and economic data, aiming to provide investors with event-driven investment tools. The SEC's delay in review is mainly to further verify key details such as product pricing mechanisms and risk control measures, in order to avoid market fluctuations caused by design flaws in the products.

PANews news on May 4 reports, citing Jinshi's AXIOS, that a U.S. official stated that the rules of engagement for the U.S. military in the Middle East have changed. They are authorized to strike targets that pose a direct threat to vessels crossing the Strait of Hormuz, such as Iranian Revolutionary Guard fast boats or Iranian missile positions.

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.

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.

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.

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.

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.

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.

The true product-market fit of cryptocurrency is in currency and finance.

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.