Quick Summary: Jonathan Spalletta of Maryland faces computer fraud and money laundering charges over two hacks that drained over $54 million from Uranium Finance in 2021. Jonathan Spalletta, a Maryland resident, has been indicted on charges related to two separate cyberattacks against Uranium Finance, a decentralized finance platform that lost more than $54 million in 2021. The US Attorney’s Office for the Southern District of New York unsealed the indictment on Monday, the same day Spalletta surrendered to authorities. The charges include one count of computer fraud and one count of money laundering, carrying maximum sentences of 10 and 20…
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Quick Summary: Two Republican senators have proposed legislation to certify domestic crypto mining operations and formally establish a Strategic Bitcoin Reserve. Two US Republican senators have introduced the Mined in America Act, a bill aimed at shifting Bitcoin mining manufacturing back to the United States and enshrining a Strategic Bitcoin Reserve into law. The legislation was introduced on Monday by Senators Bill Cassidy and Cynthia Lummis. It builds on an earlier executive order signed by President Donald Trump to establish the reserve. The move reflects growing congressional interest in securing American dominance in the digital asset sector.The bill proposes a…
Quick Summary: Veteran trader Peter Brandt says Bitcoin is unlikely to reclaim its $126,100 record until at least the second quarter of 2027. Veteran trader Peter Brandt believes it could take well over a year for Bitcoin to recover its all-time high of $126,100, set in October of last year. Speaking to Cointelegraph, Brandt stated he does not expect a new price peak in 2026, pointing instead to the second quarter of 2027 as a possible timeframe. He was careful to note, however, that the forecast amounts to educated guesswork. Prediction platform Polymarket reflects similar skepticism, with traders assigning only…
Quick Summary: Senator Richard Blumenthal is pressing SEC Chairman Paul Atkins for records on whether Trump-linked crypto ventures received favorable regulatory treatment. Senator Richard Blumenthal (D-CT) has sent a formal letter to SEC Chairman Paul Atkins demanding records and communications related to enforcement decisions involving cryptocurrency companies. The senator is specifically focused on whether firms connected to President Donald Trump’s cryptocurrency interests received preferential treatment from regulators. The inquiry centers on a recent settlement involving Tron founder Justin Sun, whose fraud charges were dismissed earlier this month in exchange for a $10 million civil penalty.Blumenthal’s letter also raises concerns about…
Quick Summary: The U.S. Department of Labor has proposed a rule that would allow 401(k) plans to include cryptocurrencies, private equity, and real estate. The U.S. Department of Labor has put forward a proposed rule that would open the door for retirement savings plans to include a wider range of investment options, among them cryptocurrencies, private equity, and real estate. The proposal follows an executive order issued in August by President Donald Trump, which directed regulators to explore expanding the types of assets available within such plans. If enacted, the rule would represent a notable departure from the conventional structure…
Quick Summary: Dozens of Democratic lawmakers have asked federal regulators to clarify that government officials betting on prediction markets using insider knowledge is illegal. A group of Democratic lawmakers from both chambers of Congress has formally called on two federal agencies to address the use of insider information in prediction market wagering. The legislators directed their request to the Commodity Futures Trading Commission and the U.S. Office of Government Ethics, urging both bodies to issue clear guidance on the matter. Their letter argues that government officials placing such bets while in possession of non-public information constitutes illegal activity.The push from…
Quick Summary: The Blockchain Leadership Fund, a new hybrid PAC backed by Anchorage Digital and Chainlink Labs, launches to shape digital asset policy at all levels of government. A new political action committee focused on digital asset policy has entered the crypto lobbying arena. The Blockchain Leadership Fund announced its launch on Monday, adding another organization to an already well-funded industry political infrastructure ahead of the 2026 midterm elections. The group was formed by members of The Digital Chamber, with Anchorage Digital and Chainlink Labs serving as founding contributors.Structured as a hybrid PAC, the Blockchain Leadership Fund is positioned to…
Quick Summary: Senators Bill Cassidy and Cynthia Lummis introduce legislation to certify U.S. Bitcoin miners and reduce reliance on Chinese-made mining hardware. U.S. Senators Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) have introduced the Mined in America Act, a bill designed to strengthen domestic Bitcoin mining and reduce the industry’s dependence on hardware tied to foreign adversaries. The senators argue that without government support, countries such as Russia and China could gain disproportionate influence over Bitcoin’s underlying network. The legislation was introduced on Monday alongside a press release outlining its key provisions.The bill would establish a voluntary certification program administered…
Quick Summary: Microsoft’s new Copilot features Critique and Council deploy both OpenAI’s GPT and Anthropic’s Claude on the same research tasks, outscoring all rivals on a standard benchmark. The race to build the most capable AI research assistant has intensified throughout the past year. Google launched its research agent for Gemini in December 2024, followed by OpenAI in February 2025, then xAI and Perplexity shortly after. Anthropic’s Claude also introduced its own agent in April of last year, building a following among professionals who rely on detailed, cited outputs. Each company has positioned its individual model as the superior research…
Quick Summary: The NFL has sent letters to prediction market platforms Kalshi and Polymarket objecting to football event contracts it says are vulnerable to manipulation. The National Football League has reportedly sent letters to prediction market platforms Kalshi and Polymarket, seeking to block certain types of event contracts tied to football. According to a report published Monday by ESPN, the league objects to contracts that could be easily manipulated or determined in advance by a single individual. The move signals growing tension between major sports organizations and the expanding prediction market industry.Among the contracts the NFL specifically flagged are those…
