Key Takeaways SB 2136 bans virtual, dual, and multi-currency online sweepstakes casino games; SB 1992 makes prediction market manipulation a Class E felony. …
Gavin Gill
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Bitcoin
Morph, Partners Launch Web3 Payments Hackathon for Southeast Asia
by Gavin Gillby Gavin GillWeb3 platform Morph, alongside Blockchain4Youth and DvCode Technologies Inc., launched the “Build In! Payments” hackathon on May 18 to develop digital payment solutions …
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Bitcoin
Crypto Advocacy Group Urges Senate Yes Vote After CLARITY Act Advances
by Gavin Gillby Gavin GillKey Takeaways Advocates pushed senators after a bipartisan committee vote moved the market-structure bill forward. Clearer oversight could affect consumer safeguards, developer protections, …
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Bitcoin
Spain Goes After Polymarket, Kalshi as Legal Fork Between US and EU Keeps Widening
by Gavin Gillby Gavin GillKey Takeaways Spain’s DGOJ moved to block Polymarket and Kalshi within 7 to 10 days. Polymarket faced €420K weekly fines in the Netherlands …
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Bitcoin
Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer
by Gavin Gillby Gavin GillKey Takeaways Timechainindex.com founder Sani flagged a 107 BTC burn on May 25 worth more than $8.2 million. The bitcoin burn wallet’s holdings …
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Bitcoin
SEC Issues Cease and Desist: Orders BG Wealth to Stop Crypto Investment Operations in PH
by Gavin Gillby Gavin GillThe Philippine Securities and Exchange Commission (SEC) has issued a cease and desist order against BG Wealth Sharing Ltd. and its listed founder, …
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Bitcoin
Whale Dumps $100M ETH Short, Pivots to $13.4M Bitcoin Bet at 20x Leverage
by Gavin Gillby Gavin GillKey Takeaways A whale closed a $100M ETH short at a $260K loss on May 26, then opened a 20x BTC long. The …
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Bitcoin
Now Official: Binance to Enter PH via Blockshoals Partnership, SEC Sandbox Framework
by Gavin Gillby Gavin GillGlobal cryptocurrency exchange Binance is officially entering the Philippine via a partnership with a local fintech firm. Announced Tuesday, Binance said it will …
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Bitcoin
Tether Partners With Georgia Government to Launch GELT Stablecoin
by Gavin Gillby Gavin GillKey Takeaways Tether to launch GELT, a Georgian lari stablecoin backed by Georgia’s 2026 crypto framework. Georgia aims to align GELT rules with …
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Bitcoin
SEC Orders Crypto Platform Riscoin to Cease and Desist Operations in PH
by Gavin Gillby Gavin GillThe Securities and Exchange Commission (SEC) has ordered cryptocurrency platform Riscoin and its associated entities to immediately cease and desist from soliciting investments …