Polymarket cited “integrity standards” for removing the market but did not specify which rule was broken, drawing scrutiny from users who questioned how its policies are applied. Polymarket removed a market tied to the fate of a missing US service member after mounting backlash, saying the listing violated its “integrity standards.” The controversy erupted after a prediction market appeared asking whether US authorities would confirm the rescue of a pilot reportedly shot down over Iran, with most users (over 60%) betting that they wouldn’t be rescued until Saturday. US Representative Seth Moulton condemned the market, calling it “disgusting” and expressing concerns over people speculating on the fate of a potentially injured service member. “They could be your neighbor, a friend, a family member. And people are betting on whether or not they'll be saved,” Moulton wrote. Read more
Bitcoin whales and sharks have locked in $30.9 billion in BTC losses this year, resembling the 2022 bear market, as onchain data points to continued downside risk. Bitcoin (BTC) traders holding 100–10,000 BTC realized losses at an average of $337 million per day in Q1 2026, the worst quarter since 2022, according to data from Glassnode. Key takeaways: Bitcoin dropped more than 20% after whales last realized losses at a comparable pace in 2022. Read more
The $500 billion valuation would put Tether ahead of every US bank except JPMorgan Chase, surpassing Bank of America and placing it among the world’s largest financial firms. Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, saying that it may delay the raise if demand falls short. The El Salvador-based firm has been seeking fresh capital since late last year but has faced resistance from investors wary of the valuation, The Information reported Friday, citing unnamed sources. If commitments fall short of expectations, the company is likely to delay the raise. The $500 billion target would place Tether among the world’s largest financial firms, exceeding every US bank except JPMorgan Chase. JPMorgan, the largest bank in the world, has a market capitalization of about $794.55 billion, while the second-largest bank in the country, Bank of America, has a market cap of $352.86 billion. Read more
The longer Bitcoin's price stays flat, the bigger the move up could eventually be, according to a crypto analyst. Bitcoin’s prolonged consolidation below $70,000 may be paving the way for a more significant rally, according to a crypto analyst. “The longer it lasts, the heavier the breakout will be,” MN Trading Capital founder Michael van de Poppe said in an X post on Friday. “Bitcoin remains stagnant in this area, which means that there's literally no direction,” van de Poppe said, adding that he is eyeing Bitcoin (BTC) breaking through $71,000, a level the asset hasn’t reached since March 26. Read more
Bitcoin ETFs offer more use cases for the average investor’s portfolio than a gold ETF does, according to ETF analyst James Seyffart. Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart. “There are just more use cases of why somebody would put a Bitcoin ETF in a portfolio,” Seyffart said on the Coin Stories podcast published to YouTube on Friday. He pointed to Bitcoin’s (BTC) role as digital gold, a store of value, a portfolio diversifier, and a form of digital capital and property, adding that the market also views Bitcoin as a “growth risk asset.” Seyffart explained that Bitcoin has “all these different ways” of being viewed, while gold only has “one of those things.” Read more
The non-profit foundation has staked 69,500 ETH, nearly reaching the goal it unveiled at the end of February, less than two months ago. The Ethereum Foundation (EF), the non-profit organization that steers development of the Ethereum ecosystem, staked over 45,000 Ether (ETH) on Friday, bringing the total amount staked to about 69,500 ETH, less than 500 coins shy of the Foundation’s 70,000 goal. The EF staked the coins in a series of transactions, each consisting of 2,047 ETH, with the total amount staked on Friday valued at over $92.2 million, according to data from Arkham Intelligence. The EF began staking ETH in February as part of its revamped treasury strategy policy announced in June 2025 and will use the yield generated to fund protocol research, development and ecosystem grants. The EF said in its updated treasury policy: Read more