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Russia introduces bill to criminalize unregistered crypto services

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Individuals and groups would be required to register with the Bank of Russia before offering certain crypto services, or potentially face fines and prison time.

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Coin Market

Polymarket odds of Hormuz Strait traffic normalizing by end of May spike to 73%

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Traders on the Polymarket prediction market platform place the odds of the Strait returning to normal traffic by May 31, 2026, at 73%.

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US Senator asks for Binance monitor update amid scrutiny of Iran sanctions

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A letter from US Senator Richard Blumenthal said he was concerned about “mounting allegations of dangerously lax anti-money laundering prevention by Binance.”

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Kraken’s parent company to acquire CFTC-regulated exchange Bitnomial

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Payward, the parent company of the Kraken crypto exchange, cited Bitnomial’s regulatory licenses as the primary driver for the acquisition.

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