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| Trump backs CFTC control over prediction markets |
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May 27, 2026 |
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Your Daily Digest of the π₯Hottest News in Crypto |
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Today’s top stories⚖️ China’s top court moves toward clearer rules for crypto, AI and digital asset cases
π² Trump says the CFTC should keep sole authority over prediction markets
π Bitcoin’s latest slide coincides with a $1.3B IBIT dark-pool sale
π Market analysts argue Bitcoin may be sharply undervalued against global liquidity
π° Keep reading for all of today’s biggest headlines |
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China’s top court to study rules for crypto and AI casesChina’s Supreme People’s Court is reportedly studying new judicial rules for cases involving digital currency, cross-border finance, artificial intelligence and other emerging technologies, signaling that Beijing may be moving toward a more formal legal framework for disputes tied to crypto activity even as mainland trading restrictions remain in place. The move matters because China’s courts continue to see crypto-linked cases despite the country’s broad crackdown on digital asset trading, especially around fraud, money laundering, capital flight and cross-border financial activity. Clearer judicial rules could give courts more consistency when handling virtual currency disputes, while also reinforcing Beijing’s broader effort to control financial risk and technology-enabled crime. |
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Trump backs CFTC authority over prediction marketsDonald Trump said the Commodity Futures Trading Commission should maintain exclusive authority over prediction markets, weighing in as state regulators increase pressure on platforms such as Kalshi, Polymarket, Crypto.com and Robinhood. Several states argue these platforms are effectively offering unlicensed betting products, while prediction market operators say federally regulated event contracts fall under the CFTC’s jurisdiction rather than state gambling regimes. The dispute is becoming a major test of whether prediction markets are treated primarily as financial derivatives, gambling products or something in between, with Trump framing federal oversight as necessary for the industry to grow and for the United States to stay competitive. |
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Bitcoin Bull Market is Always Around the Corner — Get Ready at BTC PragueEurope's biggest Bitcoin conference returns June 11–13 in Prague. This is where serious investors, builders, and HODLers gather to stay ahead of the cycle. Don't sit this one out — tickets start at €75.
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Bitcoin’s recent drop coincides with $1.3B ‘dark pool’ ETF sale: AnalystBitcoin’s latest decline coincided with a massive $1.3 billion sale of BlackRock’s iShares Bitcoin Trust shares on a dark pool, according to analysts cited by Cointelegraph. The trade reportedly involved 29.2 million IBIT shares and was large enough to stand out even in the fast-growing spot Bitcoin ETF market, with Bitcoin dropping shortly after the transaction. The episode highlights how institutional ETF flows are now tightly connected to Bitcoin’s spot price action: the same products that opened the market to large traditional investors can also amplify downside moves when large holders reduce exposure. US spot Bitcoin ETFs have also been seeing a run of outflows, adding to signs of weaker institutional demand in the near term.
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MARKETS |
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Bitcoin analysis eyes sharp rebound after BTC collapses below M2 supply ‘fair value’Bitcoin may be trading far below its implied value relative to global liquidity, with analysts pointing to the relationship between BTC, gold and global M2 money supply. The bullish case is that Bitcoin has historically tracked major liquidity expansions over time, and current models suggest BTC has fallen unusually far below its “fair value” line, creating conditions for an aggressive rebound if the correlation still holds. At the same time, critics say the M2 relationship is imperfect, partly because global money-supply data is uneven and because Bitcoin’s cycle dynamics do not always line up neatly with liquidity indicators. Traders are watching whether BTC’s current weakness is a genuine breakdown or a deep mispricing against macro liquidity.
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