<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Mon, 11 May 2026 09:47:47 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[Bitcoin Breaks $82K as Institutional Inflows Surge; Sui Soars 25% on Staking and Partnership News]]></title> <link>https://www.bitcointoday.app/article/bitcoin-breaks-82k-as-institutional-inflows-surge-sui-soars-25-on-staking-and-partnership-news</link> <guid>bitcoin-breaks-82k-as-institutional-inflows-surge-sui-soars-25-on-staking-and-partnership-news</guid> <pubDate>Mon, 11 May 2026 07:01:31 GMT</pubDate> <description><![CDATA[Bitcoin briefly surged to reclaim $82,000 on Sunday following a weekend rally, while Sui saw a notable price increase driven by institutional developments. According to The Block's crypto price page, **bitcoin rose 1.4% to $81,700** as of 9:30 p.m. on Sunday, ET. Earlier in the day, the cryptocurrency rose above $82,200, the highest level since May 6. "Bitcoin hits $82,000 as **institutional inflows accelerate**, macro conditions improve, and persistent spot ETF demand continues to tighten supply," said Zeus Research Analyst Dominick John. "Meanwhile, progress on the Clarity Act is boosting long-term sentiment." Last week, spot bitcoin exchange-traded funds reported **$622.7 million in weekly net inflows**, continuing their streak to six consecutive weeks of total inflows, according to SoSoValue data. During the six weeks, the ETFs have attracted a net inflow of over **$3.4 billion**. Moreover, the U.S. Senate Banking Committee announced earlier that it will hold a markup hearing for the **Clarity Act on May 14**, advancing the much-anticipated bill that has been stuck in a legislative bottleneck for months. ### Easing Geopolitical Tensions Geopolitical tensions in the Middle East have also eased, though uncertainty surrounding the U.S.-Iran conflict persists. "The current macro/geopolitical setup for crypto is cautiously supportive overall — easing Middle East tensions have helped reduce immediate risk-off spikes in oil and inflation fears, while broader liquidity and equity resilience provide a decent backdrop, though Fed policy uncertainty and sticky inflation remain watchpoints," Andri Fauzan Adziima, Research Lead at Bitrue Research Institute, told The Block. The U.S. and Iran have been discussing a potential extension to the ongoing ceasefire and possible end of war, though negotiations have so far remained deadlocked. On Sunday, President Donald Trump rejected the latest proposal from Iran, calling it "totally unacceptable." However, analysts said the current market momentum remains strong enough to drive the bitcoin price higher. "The momentum does appear strong enough to challenge a sustained hold above the $80,000-$82,000 zone in the near term, backed by institutional flows and technical breaks, but it will need continued buying to clear resistance cleanly — pullbacks to $78,000-$80,000 support remain a healthy risk," Adziima said. ### SUI Breakout Meanwhile, **Sui emerged as the clear outperformer** among altcoins today, surging 25% in the past 24 hours to $1.34, according to The Block's price data. The cryptocurrency's sharp rally was driven by multiple events surrounding the Layer 1 blockchain, according to analysts. Nasdaq-listed SUI Group Holdings (SUIG) recently announced that it is staking "substantially all of" the company's **108.7 million SUI holdings**. This removed a notable chunk of supply from the market, analysts noted. Earlier in the week, Nigeria-based fintech firm Paga also announced a partnership with Sui blockchain to launch tokenized assets for cross-border payments. Bitrue's Adziima added that **CME Group's recent launch of Sui crypto futures** attracted regulated interest from institutions. Additionally, Sui-based DeepBook launched its Predict feature on May 5, enabling onchain prediction markets, while Mysten Labs Co-founder and CPO Adeniyi Abiodun announced that the blockchain will launch **confidential transactions** later this year. "With confidential transactions and more ecosystem milestones ahead, Sui is quickly emerging as one of the strongest Layer-1 growth stories this cycle," Zeus Analyst John said.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>sui</category> <category>institutionalinflows</category> <category>clarityact</category> <category>cryptomarket</category> <enclosure url="https://www.tbstat.com/wp/uploads/2023/10/20231019_NewBitcoinCity_News4-1200x675.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Solv Protocol Ditches LayerZero for Chainlink After $292M Hack: $700M in Tokenized Bitcoin Migrates]]></title> <link>https://www.bitcointoday.app/article/solv-protocol-ditches-layerzero-for-chainlink-after-292m-hack-700m-in-tokenized-bitcoin-migrates</link> <guid>solv-protocol-ditches-layerzero-for-chainlink-after-292m-hack-700m-in-tokenized-bitcoin-migrates</guid> <pubDate>Fri, 08 May 2026 07:01:29 GMT</pubDate> <description><![CDATA[Another major crypto project is leaving LayerZero behind. Solv Protocol, which manages over $700 million in tokenized Bitcoin, is migrating its cross-chain infrastructure to **Chainlink CCIP** following a devastating $292 million exploit linked to LayerZero's bridge technology. ## Why the Switch? The move comes on the heels of the **Kelp DAO hack**, where attackers drained $292 million from a protocol using LayerZero's bridge. Kelp DAO publicly blamed LayerZero for the exploit, citing a single-verifier configuration that allegedly bypassed security recommendations. Solv Protocol didn't name Kelp directly but cited "recent cross-chain hacks observed in the industry" as the catalyst for its own security review. ## What's Changing? Solv is deprecating LayerZero bridge support for **Corn, Berachain, Rootstock, and TAC** and standardizing on Chainlink CCIP. This affects SolvBTC and xSolvBTC tokens, which represent tokenized Bitcoin across multiple blockchains. The transition aims to provide "institutional-grade security assurance" through Chainlink's multi-verifier system. ## The Bigger Picture Cross-chain bridges remain one of DeFi's most vulnerable points. Past attacks include the **$622 million Ronin bridge exploit** (linked to North Korea's Lazarus Group) and the **$230 million WazirX hack**. Solv's migration reflects a growing trend: protocols prioritizing security over interoperability flexibility. ## What LayerZero Says LayerZero previously blamed the Kelp DAO hack on North Korea's Lazarus Group and claimed the project ignored recommendations to use multiple validators. Kelp DAO disputed this, accusing LayerZero of approving the flawed configuration. ## Industry Impact Chainlink's CCIP is gaining traction as a more secure alternative. With Solv's migration, over $700 million in tokenized Bitcoin will now rely on Chainlink's infrastructure, signaling a potential shift in DeFi's cross-chain standards. > "Security is the foundation of everything we build at Solv, and our migration to Chainlink CCIP reinforces that commitment at the highest level." — Will Wang, CTO of Solv Protocol]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>solvprotocol</category> <category>chainlink</category> <category>layerzero</category> <category>cross-chainbridges</category> <category>defisecurity</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/06/Bitcoin-B2-decrypt-style-gID_7.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Trump Family's Crypto Empire Faces $82M Loss as Bitcoin Slump Continues]]></title> <link>https://www.bitcointoday.app/article/trump-familys-crypto-empire-faces-82m-loss-as-bitcoin-slump-continues</link> <guid>trump-familys-crypto-empire-faces-82m-loss-as-bitcoin-slump-continues</guid> <pubDate>Fri, 08 May 2026 20:01:22 GMT</pubDate> <description><![CDATA[## The Trumps' Bitcoin Bet Is Sour **Donald Trump** and his family have added billions to their net worth since Inauguration Day, largely from crypto projects. But recent losses highlight the risks. **Eric Trump’s American Bitcoin Corp** reported an **$82 million loss** in Q1 2026, following a similar loss at **Trump Media and Technology Group** (Truth Social), which has lost **$1.1 billion** since founding—mostly from bitcoin. ## The Bitcoin Treasury Strategy Both companies use a **bitcoin treasury strategy**: buy and hold bitcoin. It works only if bitcoin's price rises. After peaking at **$126,198** late last year, bitcoin fell to **$64,856** in February and has since rebounded to ~$80,000. The strategy was pioneered by **Michael Saylor** (Strategy), whose company's stock soared from $50 to $405 but has now crashed to $181, with a **$12.5 billion loss** in Q1. Saylor now plans to "actively manage" his bitcoin hoard. ## Potential Catalysts for Bitcoin Two government actions could boost bitcoin: - **CLARITY Act**: Aims to provide regulatory clarity for crypto. Passed the House and is headed to the Senate; Trump wants to sign by July 4. News of the House passage already pushed bitcoin above $80,000. - **US Strategic Bitcoin Reserve**: Trump ordered the government to accumulate bitcoin, similar to his companies. A "big announcement" is expected soon. ## Bottom Line If these efforts lift bitcoin's price, the **First Family's wealth** stands to benefit significantly.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>trump</category> <category>bitcoin</category> <category>cryptolosses</category> <category>bitcoinstrategy</category> <category>regulation</category> <enclosure url="https://www.motherjones.com/wp-content/uploads/2026/05/20260508TrumpBitcoin.jpg?w=1200&h=630&crop=1" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[US Treasury Demands Binance Compliance After Iran Crypto Sanctions Breach]]></title> <link>https://www.bitcointoday.app/article/us-treasury-demands-binance-compliance-after-iran-crypto-sanctions-breach</link> <guid>us-treasury-demands-binance-compliance-after-iran-crypto-sanctions-breach</guid> <pubDate>Thu, 07 May 2026 20:01:25 GMT</pubDate> <description><![CDATA[The U.S. Department of the Treasury has privately demanded that Binance comply with a monitoring program imposed by U.S. regulators in 2023, when the crypto exchange pleaded guilty to charges related to sanctions and anti-money laundering violations. The Information reports that the Treasury's demand follows reports of Iran using Binance to bypass sanctions. Binance must now adhere to strict oversight to prevent further illicit activities.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>binance</category> <category>ustreasury</category> <category>sanctions</category> <category>iran</category> <category>cryptoregulation</category> <enclosure url="https://tii.imgix.net/production/articles/17051/b9738f1a-f0e6-4420-b870-0464b6574f1a.png?fm=jpg&auto=compress&w=1200&frame=0" length="0" type="image/png"/> </item> <item> <title><![CDATA[White House Drops Bombshell: US Bitcoin Reserve Update Coming in 'Next Few Weeks']]></title> <link>https://www.bitcointoday.app/article/white-house-drops-bombshell-us-bitcoin-reserve-update-coming-in-next-few-weeks</link> <guid>white-house-drops-bombshell-us-bitcoin-reserve-update-coming-in-next-few-weeks</guid> <pubDate>Thu, 07 May 2026 07:01:09 GMT</pubDate> <description><![CDATA[In a major development for the crypto space, **Patrick Witt**, executive director of the President's Council of Advisors for Digital Assets, announced at **CoinDesk's Consensus Miami conference** that an update on the long-anticipated **U.S. Strategic Bitcoin Reserve (SBR)** is coming "in the next few weeks." The federal effort to inventory, centralize, and secure U.S.-held bitcoin and other digital assets has been running behind the scenes for months. Following President Trump's executive order, the White House halted what Witt called "fire sale" liquidations under the previous administration and began auditing crypto holdings across agencies. **Shocking revelations** emerged during this process: "We've heard stories and confirmed some of them of cold wallets that were being stored in drawers of desks in various agencies," Witt revealed. A **recent exploit** involving assets held by the U.S. Marshals Service served as a wake-up call. Bloomberg reported in January that the Marshals Service was investigating a possible hack, with on-chain investigator ZachXBT claiming a hacker stole over $60 million, including funds from government seizure wallets. Witt cited this as proof that federal crypto holdings need proper safeguarding. "It's a case in point for why it was so necessary that the president established the SBR, and that he instructed the agencies to take these assets very seriously and properly safeguard them," Witt said. "Custody is unique for digital assets." While Witt declined to disclose the size of federal crypto holdings, he emphasized that the priority is to "get our own house in order" before discussing details. He suggested the upcoming announcement would address open questions on size and structure. Importantly, the reserve will **not automatically absorb every newly seized asset**. Crypto from active legal proceedings will remain in pending status until forfeiture is finalized, with potential restitution to victims before being moved to the reserve or a separate stockpile for other crypto assets. **Legislative backing** is still needed. Witt cited Sen. Cynthia Lummis's **BITCOIN Act** in the Senate and Rep. Nick Begich's **American Reserves Modernization Act** in the House as key bills to codify the reserve. "It always needs to be followed up with proper legislation," he said. The likely need for a legislative underpinning remains a major constraint, and it's unclear when Congress will find the bandwidth to push through a reserve bill.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoinreserve</category> <category>whitehouse</category> <category>cryptopolicy</category> <category>patrickwitt</category> <category>strategicbitcoinreserve</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/7a436d8858767e41cb62696cacd9c29dd7330981-4030x2267.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Coinbase Engineer Warns AI Agents Could Kill the Internet's Ad-Based Economy—Here's the Fix]]></title> <link>https://www.bitcointoday.app/article/coinbase-engineer-warns-ai-agents-could-kill-the-internets-ad-based-economyheres-the-fix</link> <guid>coinbase-engineer-warns-ai-agents-could-kill-the-internets-ad-based-economyheres-the-fix</guid> <pubDate>Wed, 06 May 2026 20:01:27 GMT</pubDate> <description><![CDATA[Coinbase engineering head **Erik Reppel** offered a glimpse into how artificial intelligence could reshape the economics of the internet, arguing that **AI agents may force a shift away from the web's ad-driven business model**. Speaking onstage at **Consensus Miami 2026**, Reppel, the founder of the **x402 payments protocol** and head of engineering at Coinbase Developer Platform, said the internet was originally built around humans interacting with websites, not software interacting with software. > "The internet was designed for humans to use. We now live in a world where both humans and computers operate and computers operate computers." Today's web economy depends heavily on advertising revenue generated when humans visit websites and view ads, according to Reppel. But **AI agents bypass that system entirely**. > "Agents don't see those ads. They just ignore those ads completely." That dynamic could push the internet toward new monetization models built around **native digital payments**, particularly **stablecoin-powered micropayments**. > "If a human visits a website, show them an ad. If an agent visits a website, charge them five cents." He framed **x402**, an open payments protocol built around the long-unused HTTP 402 "Payment Required" status code, as infrastructure for that future. The protocol is designed to let AI agents make automatic payments for APIs, content, and digital services using crypto rails. Reppel said the rise of autonomous AI systems, or what he called the **"agentic economy"**, could create a massive new market for internet-native payments. He cited estimates projecting the sector could grow to between **$3 trillion and $5 trillion** within four years. The comments reflect a broader effort within the crypto industry to position **stablecoins** and **blockchain-based payments** as foundational infrastructure for AI-driven commerce. > "Agents really are the browser of the future."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>aiagents</category> <category>micropayments</category> <category>x402</category> <category>coinbase</category> <category>stablecoins</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/84083f5ac7abc7443a01d018ca2cfc86853ac89b-2048x1152.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Crypto Billionaire Chris Larsen Unleashes $10M Ad Blitz to Crush California's 'Reckless' Billionaire Tax]]></title> <link>https://www.bitcointoday.app/article/crypto-billionaire-chris-larsen-unleashes-10m-ad-blitz-to-crush-californias-reckless-billionaire-tax</link> <guid>crypto-billionaire-chris-larsen-unleashes-10m-ad-blitz-to-crush-californias-reckless-billionaire-tax</guid> <pubDate>Wed, 06 May 2026 07:01:09 GMT</pubDate> <description><![CDATA[A political action committee backed by **crypto billionaire Chris Larsen** is launching a massive ad campaign during tonight's gubernatorial debate to attack a proposed tax on billionaires in California. The **Golden State Promise PAC**, funded largely by Larsen and his company Ripple, plans to spend **eight figures** on the effort, including digital ads and mailers. The ad highlights **bipartisan opposition** to the tax, featuring Governor Gavin Newsom, Republicans, and Democrats. Newsom has publicly promised to fight the initiative. The ad claims the tax will backfire, driving billionaires and businesses out of the state and taking good-paying jobs with them. It warns that **$25 billion in tax revenue** could be lost, gutting funding for schools and firefighters. Already, wealthy individuals like **Google co-founder Sergey Brin** have fled California for Nevada, and Brin is now pumping money to stop the tax. The ad concludes, "It's reckless, and it hurts you." The tax proposal, pushed by the Service Employees International Union–United Healthcare Workers West, would impose a **one-time 5% levy** on residents with assets exceeding $1 billion. Supporters, including Senator Bernie Sanders and Representative Ro Khanna, argue it's needed to address healthcare funding gaps from federal cuts. However, Democrats like Newsom worry it will hurt the state's economy in the long run. Larsen, with a net worth estimated at **$12.4 billion**, has been a vocal opponent. "We’ve got to start fighting on par with the unions when they propose these absolutely stupid propositions like this crazy CEO tax," he told the San Francisco Business Times.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>california</category> <category>billionairetax</category> <category>chrislarsen</category> <category>ripple</category> <category>politics</category> <enclosure url="https://nypost.com/wp-content/uploads/sites/2/2026/05/COMP2.jpg?quality=75&strip=all&w=1200" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Hits $81K as 66-Day Negative Funding Streak Signals Institutional Moves]]></title> <link>https://www.bitcointoday.app/article/bitcoin-hits-81k-as-66-day-negative-funding-streak-signals-institutional-moves</link> <guid>bitcoin-hits-81k-as-66-day-negative-funding-streak-signals-institutional-moves</guid> <pubDate>Tue, 05 May 2026 14:01:09 GMT</pubDate> <description><![CDATA[Bitcoin has surged to **$81,000**, but derivatives markets are flashing an unusual signal: the longest streak of negative funding rates this decade. The leading crypto is up 2.9% over the past 24 hours and is currently hovering at around **$81,250**, according to CoinGecko. The 30-day average funding rate for Bitcoin perpetual swaps has remained **negative for 66 consecutive days**, according to a tweet from Vetle Lund, head of research at K33 Research. > "We're in the longest streak of negative 30-day average funding rates in this decade at 66 consecutive days." When funding turns negative, shorts pay longs a daily fee to keep the contract price anchored to spot—a cost that compounds the longer the position runs. "I care about this regime for one simple reason: timing," Lund said. "Lasting negative funding rates have a very strong track record of flagging where you should buy with conviction." The streak has coincided with a 12% rally in April, raising a central question: is persistent negative funding a genuine fear signal, or something structurally different? ## Institutional hedging, not fear The persistence of negative funding while open interest rose roughly 12% over the past month points to a **structural source of short supply** rather than capitulating bears, according to Derek Lim, head of research at crypto market-making firm Caladan. "Funding is a flow indicator, not a sentiment readout, when the market is institutional," Lim told Decrypt. "The persistent negative print reflects supply of short perp inventory from delta-neutral desks rather than directional bearishness." He identified three institutional flows accounting for the bulk: hedge funds shorting futures during investor redemption periods; basis traders going long Strategy equity while shorting Bitcoin perpetuals to capture the equity premium; and miners pivoting to AI compute while hedging their treasury Bitcoin. Each is mechanical and price-insensitive. U.S. spot Bitcoin ETFs recorded approximately **$2.44 billion in net inflows in April**—the strongest month of 2026—as institutions accumulated spot while simultaneously shorting futures to manage risk, according to Andri Fauzan Adziima, research lead at Bitrue Research Institute. "This is not primarily fear-based retail shorting. It reflects a maturing market." Shorts are currently paying roughly **12% annualized carry** to maintain positions against a market that has not broken lower. Historical analysis across six comparable negative funding regimes since 2018 shows all six delivered **positive returns at 90 days**, with win rates of **83% to 96%**—compared to 55% to 75% for arbitrary entries, according to Lund. The average maximum drawdown during those windows shrank from 16% to just 5%. ## What would break the regime A sustained breakout above key resistance is the most likely trigger for a squeeze, according to all three analysts. "If shorts are forced to unwind, funding flips positive and Bitcoin could move sharply through **$100K on a squeeze**," Matthew Pinnock, COO at Altura DeFi, told Decrypt. "If spot demand cools before that happens, price likely resets into consolidation around $70K to $75K." Investors on prediction market Myriad continue to remain optimistic, assigning an **84% chance** that the leading crypto extends its rally to test $84,000 next. Lim placed the key level more precisely. "A clean break of $82K with ETF flows confirming would do it," he said. "The question is whether the squeeze is a regime change or a tactical event embedded inside the broader institutional-hedger structure." Singapore-based trading firm QCP Capital noted a similar take with **$82,000 being a critical hurdle** that could make or break Bitcoin’s recovery. The $80,000 to $82,000 zone also coincides with the 200-day exponential moving average, making this area a tough nut to crack. The 66-day streak remains active. "The bears were paying," Glassnode analyst cryptovizart said in a recent analysis of April's positioning data. "But someone was on the other side, and they weren't selling."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>fundingrate</category> <category>institutionalhedging</category> <category>marketsentiment</category> <category>derivatives</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/06/bitcoin-decrypt-style-neon-gID_7.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Trump Family’s Crypto Venture Sues Justin Sun in Escalating Feud – What’s Next?]]></title> <link>https://www.bitcointoday.app/article/trump-familys-crypto-venture-sues-justin-sun-in-escalating-feud-whats-next</link> <guid>trump-familys-crypto-venture-sues-justin-sun-in-escalating-feud-whats-next</guid> <pubDate>Tue, 05 May 2026 07:01:08 GMT</pubDate> <description>< *Eric Trump and Donald Trump Jr. at the Nasdaq opening bell in August 2025.* This ongoing saga highlights the volatile intersection of **crypto, politics, and high-stakes litigation**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>worldlibertyfinancial</category> <category>justinsun</category> <category>defamationlawsuit</category> <category>cryptofeud</category> <category>trumpfamily</category> <enclosure url="https://i.abcnewsfe.com/a/42e1e489-9808-4490-8e95-3e27748db234/eric-don-jr-trump-gty-jef-260504_1777901248531_hpMain_16x9.jpg?w=1600" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Polymarket's Phantom HQ: The Panama Law Office Behind a $15 Billion Crypto Empire]]></title> <link>https://www.bitcointoday.app/article/polymarkets-phantom-hq-the-panama-law-office-behind-a-15-billion-crypto-empire</link> <guid>polymarkets-phantom-hq-the-panama-law-office-behind-a-15-billion-crypto-empire</guid> <pubDate>Tue, 05 May 2026 20:01:11 GMT</pubDate> <description><![CDATA[NPR investigators went looking for Polymarket's official headquarters in Panama City and found a law firm with no knowledge of the company. The wildly popular prediction market, valued at an estimated **$15 billion**, lists its corporate office on the 21st floor of the Oceania Business Plaza—but the address leads to a law office that hasn't heard of Polymarket or its Panamanian entity, Adventure One QSS Inc. ## The Panama Advantage Polymarket moved to Panama after being shut down by U.S. regulators in 2022. The country offers **no income tax** for offshore companies and **no capital gains tax** on investments. More importantly, Panamanian law treats foreign court judgments as **presumptively invalid**, making it extremely difficult to enforce legal decisions against companies based there. ## A Crypto Hub At least **15 other crypto companies** use the same law office as their headquarters, including Helix, Drift Protocol, and Goldfinch. The office also did work for **FTX**, the collapsed exchange whose founder Sam Bankman-Fried received a 25-year prison sentence. ## From FBI Raid to White House Invitations Just months ago, FBI agents used a battering ram to break down Polymarket CEO Shayne Coplan's door. Now, **Donald Trump Jr.** is an adviser, his venture capital firm invested millions, and Coplan has been invited to the White House. The Justice Department dropped its investigation, and Trump's regulators approved a deal for a separate version of Polymarket to re-enter the U.S. ## The VPN Problem Despite the Trump administration's embrace, Polymarket's main site remains technically banned in the U.S. under the 2022 settlement. The company says it uses "view-only mode" for Americans, but an indictment last month shows a U.S. Army master sergeant used a **VPN** to place $33,000 in bets on Venezuelan leader Nicolás Maduro's capture—using classified information from his role in the operation. ## Regulatory Questions Former CFTC Chairman Timothy Massad says Polymarket could do more to prevent U.S. users from accessing its overseas exchange, such as requiring **GPS verification** instead of relying on IP-based geofencing. International criminal law expert Bruce Zagaris warns that while the current administration takes a hands-off approach, "if you don't have law enforcement difficulties with this administration, they might have them in the next."]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>polymarket</category> <category>cryptoregulation</category> <category>panama</category> <category>predictionmarkets</category> <category>offshore</category> <enclosure url="https://npr.brightspotcdn.com/dims3/default/strip/false/crop/5712x3213+0+536/resize/1400/quality/85/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F27%2F13%2F78a67a264fd1baeb2f8855ab27d3%2Fimg-9447.jpeg" length="0" type="image//dims3/default/strip/false/crop/5712x3213+0+536/resize/1400/quality/85/format/jpeg/"/> </item> </channel> </rss>