CME and ICE target Hyperliquid over manipulation

CME Group and ICE urged US regulators to scrutinize Hyperliquid for manipulation and sanctions risks on May 15. Summary CME Group and ICE, the NYSE parent, asked the CFTC and Congress to investigate Hyperliquid for manipulation and sanctions risks. Hyperliquid’s HYPE token fell roughly 6%, dropping from above $45 to below $43 following Bloomberg’s report….

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Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal – Bitcoin News

Key Takeaways Strategy agreed to repurchase about $1.5 billion of its 0% convertible notes. Funding options include cash reserves, securities-sale proceeds, and possible bitcoin sales. Cancellation of the notes would reduce outstanding debt after the transaction settles. Strategy Details $1.5 Billion Convertible Note Repurchase Plan On May 15, Strategy Inc. (Nasdaq: MSTR) announced on X…

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Myanmar proposes life in prison for crypto scam

Myanmar’s military published a draft bill on May 14 proposing life in prison for crypto scam operators. Summary Myanmar’s Anti-Online Scam Bill proposes life imprisonment for operating digital currency scam centers. The bill allows the death penalty for individuals using violence, torture or unlawful detention to force victims into scam work. Myanmar’s military-backed parliament is…

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Powell Named Temporary Fed Chair Until Warsh Takes Oath

Key Takeaways Powell remains in place temporarily as Warsh awaits the final oath of office. Senate confirmation cleared Warsh legally, but the leadership transfer still requires formal steps. Board members raised concerns about extending the temporary chair structure without further action. Powell Holds Temporary Fed Post as Warsh Awaits Oath The Federal Reserve Board announced…

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Revolut wins FCA approval for private wealth push

Revolut secured FCA approval on May 14 to offer private wealth services and leveraged products in the UK. Summary The FCA granted Revolut Trading a Variation of Permissions enabling managed investments and principal dealing for the first time. Revolut plans to launch a UK private banking unit this summer with a £500,000 deposit threshold. The…

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