Joseph Rees
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China Defies US Sanctions on Oil Refiners With Sweeping Non-Compliance Order
Key Takeaways: On May 2, China’s MOFCOM invoked the Blocking Statute against U.S. OFAC sanctions on 5 local oil refiners. SMU’s Henry Gao notes this
BG Wealth Collapses in Apparent ‘Rug Pull’ as US Authorities Seize Website
The investment scheme BG Wealth Sharing Ltd., previously flagged by the Philippine Securities and Exchange Commission (SEC) as a Ponzi scheme, has seemingly collapsed. Following
Coinbase Says Prediction Markets Are Maturing, CFTC Needs No New Mandate
Key Takeaways: Coinbase urged the CFTC to regulate prediction markets under existing derivatives law. Federal oversight could prevent fragmented state enforcement across interstate prediction markets.
Grayscale Names ETH, SOL, LINK in $30B Market
Key Takeaways: Grayscale identified Ethereum, Solana, Canton, Avalanche, BNB Chain, and Chainlink as key beneficiaries of tokenization growth. Tokenized assets reached about $30 billion, expanding
New Politico Poll Reveals US Voter Skepticism Over AI and Crypto Campaign Cash
Key Takeaways: Fairshake and Leading the Future have deployed over $100 million to influence the 2026 midterm election outcomes. A Politico poll found 45% of
Blackrock and Circle Lead Tokenized Treasuries as Market Value Climbs to $15.20B
Key Takeaways: rwa.xyz data shows tokenized Treasuries hit $15.20B in May; growth signals rising onchain demand. Circle’s USYC leads at $2.91B, while Blackrock BUIDL at
Gareth Soloway Warns Bitcoin Could Drop to $50K as Bear Flag Tightens at $85,000
Key Takeaways: Gareth Soloway of Verified Investing warns bitcoin could drop 38% to $50,000 as a bear flag pattern takes hold. Soloway told David Lin
Strategy Skips Weekly Bitcoin Buy After 108 Total Purchases, 818,334 BTC Holdings
Key Takeaways: Strategy paused bitcoin purchases after its latest disclosed $255 million BTC acquisition. Investors shifted focus toward MSTR’s leverage, reserves, volatility, and bitcoin exposure.
Bitcoin Difficulty Falls 2.3% as Hashrate Slips Below 1 ZH/s and Block Times Slow
Key Takeaways: Bitcoin difficulty fell 2.3% on May 1, marking 6 cuts in 2026 as hashrate dipped below 1 ZH/s. Over the last seven days,
Brazil Bans Crypto Transfers as Meta Launches USDC Payouts
Key Takeaways: On April 30, Brazil’s Central Bank banned crypto in cross-border payments, impacting institutions by Oct 1. Bitso’s 2025 report reveals stablecoins drove 40%