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rsi

The House Oversight Committee's insider trading investigation into Kalshi and Polymarket affects Robinhood and Coinbase, while the SEC approves Nasdaq to launch cash-settled Bitcoin index options on the Philadelphia Stock Exchange

According to BBX data, the pressure from market regulation suddenly intensified over the weekend, and institutional-level crypto derivatives product lines expanded simultaneously. The core dynamics are as follows:On May 22, James Comer (Republican, Kentucky), Chairman of the House Oversight and Government Reform Committee, officially issued investigation letters to Kalshi (privately held) and Polymarket (privately held), initiating a formal congressional investigation into insider trading on prediction market platforms. The investigation focuses on two suspicious bets: one betting on the early capture of Venezuelan President Maduro, and another betting on the direction of the Iranian conflict. Both transactions recorded unusually large amounts just hours before the related events were made public. According to media reports, the Wisconsin Attorney General has recently listed Robinhood Markets, Inc. (NASDAQ: $HOOD), along with Kalshi, Polymarket, and Crypto.com, as defendants, accusing them of providing unlicensed sports betting services in Wisconsin. This is the latest escalation of the prediction market facing legal challenges in 13 states to congressional scrutiny. Both Kalshi and Polymarket stated their willingness to cooperate with the committee's investigation, asserting that their platforms have robust anti-insider trading mechanisms.On May 23, the U.S. Securities and Exchange Commission (SEC) officially approved a proposal submitted by Nasdaq, Inc. (NASDAQ: $NDAQ) to launch cash-settled Bitcoin index options on its Philadelphia Stock Exchange, which does not involve physical delivery of Bitcoin. This product will allow institutional investors to hedge or invest in Bitcoin price fluctuations through standardized options contracts, filling a market gap for cash-settled Bitcoin index derivatives on regulated exchanges in the U.S. The timing of the approval coincided with significant fluctuations in Bitcoin over the week (with a low of $74,500 and a high rebound to $77,800), reflecting the accelerating release of genuine demand for volatility management tools in the market.

The final version of the Russian cryptocurrency bill will retain the ban on non-custodial wallets, with exceptions for foreign trade participants

According to Bits.media, Ivan Chebeskov, the Deputy Minister of Finance of Russia, stated that the final version of the government's cryptocurrency market regulation bill will retain the ban on transfers from Russian custodial wallets to non-custodial foreign wallets. More lenient conditions will only apply to participants in foreign trade activities, namely importers. Chebeskov mentioned that after the law comes into effect, the effectiveness of the new regulatory system will be analyzed, and in the future, the use of non-custodial wallets may be allowed in an experimental mode. The final version of the bill will be ready next week, and the Deputy Minister hopes it can be passed before the end of the State Duma's spring session.Previously, the Duma's Financial Market Committee opposed the central bank's stance on banning transfers to non-custodial wallets and proposed providing judicial protection for all cryptocurrency asset holders. The bill was passed in the first reading on April 21, stipulating that starting July 1, Russians and companies can only purchase digital assets through licensed intermediaries, and access to foreign cryptocurrency platforms must go through a list approved by the central bank, prohibiting access to exchanges that impose sanctions on Russia.

OneBullEx attended the Web3 career opportunities event at São Paulo University, deepening local ecosystem connections in Brazil

OneBullEx's Brazil head Yonn Weigl represented the platform at a Web3 career opportunities event held at the University of São Paulo (USP). The event was organized by Blockchain on the Road and supported by USP's student blockchain organization Polichain, focusing on Web3 career paths, emerging skill demands, and opportunities in Brazil and the Latin American region. USP is one of the representative top universities in Brazil and Latin America, while Polichain is an important student organization that connects students on campus with blockchain research, technology discussions, and industry opportunities.During the event, OneBullEx delivered a 20-minute keynote speech. Yonn gave a speech in Portuguese titled "IA opera. Humanos decidem. E você, onde quer estar?" (AI operates. Humans decide. And you, where do you want to be?), sharing insights on AI automation execution, human judgment, Web3 career choices, and the evolution of trading infrastructure. He stated that AI is responsible for execution, humans are responsible for decision-making, and the real difference lies in who can choose their position before the market makes choices for them.In the subsequent roundtable discussion, Yonn exchanged ideas with representatives from Ripple, Banco Inter, Chiliz, Oxus Finance, Biobots, and the USP academic research community, covering topics such as Web3 career opportunities, stablecoin payments, digital financial infrastructure, AI applications, and market growth.OneBullEx also introduced its product layout around AI-driven contract trading infrastructure during the event, including the automated strategy execution market 300 SPARTANS and the AI strategy generation platform OneALPHA. OneBullEx stated that Brazil is not only an important user market but also has long-term potential for talent and ecosystem co-construction. In the future, the platform will continue to focus on AI-driven trading infrastructure, regional ecological cooperation, and local talent connections, actively participating in the development of the Web3 market in Brazil.
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