Tsim Sha Tsui Cryptocurrency Company Employee Arrested for Stealing 2.67 Million USDT

The NFL has asked for the delisting of manipulation-prone contracts in prediction markets, and the CFTC respects the league’s position

The National Football League (NFL) requires prediction market platforms to cease offering contracts that are easily manipulated and emphasizes that these contracts lack randomness, which could constitute insider trading. The CFTC chair stated that it will respect each league’s views and that the regulatory landscape may change. Additionally, the NFL and MLB have adopted different strategies—adversarial and cooperative—when dealing with prediction markets, reflecting different perspectives among professional sports organizations regarding regulation.

Hindenburg is shorting the U.S. crypto-friendly bank SoFi, accusing it of allegedly inflating profits by $1 billion.

A short-seller report by Muddy Waters accuses SoFi’s management of inflating profits, taking bonuses, and claims that its $312 million borrowing was incorrectly recorded as loan sales, potentially leading to a restatement of financial data and shareholders facing a 15% dilution risk. The report says the accounting treatment does not align with the role described by JPMorgan.

Chainalysis: Organizations linked to Russia and Iran use cryptocurrencies to buy military drones, and pro-Russian groups raise more than $8.3 million

Chainalysis reports that low-cost commercial drones have become a core tool in modern conflicts, and that Russian and Iranian organizations use cryptocurrency to fund drone procurement. Since 2022, pro-Russia groups have raised more than $8.3 million in donations, most of which were used in stablecoins. Iran’s Ministry of Defense has also accepted cryptocurrency payments for weapons.

US Lawyer on SEC Crypto Guidance: Definition of Investment Contracts and Secondary Market Rules Still Unclear

Gibson Dunn law firm noted that although the joint guidance published by the SEC and CFTC has improved, it still does not fully address industry needs, especially regarding ambiguity in the Howey test and secondary market trading. The authors call on the crypto industry to provide feedback, urging the SEC to clearly define regulatory boundaries and avoid enforcement replacing regulation.

U.S. Senator Questions SEC Senior Leadership Changes and the Decision to Dismiss Justin Sun’s Case

U.S. Senator Richard Blumenthal questioned SEC Chair Paul Atkins, focusing on the brief tenure and the reasons for the departure of former law-enforcement agency head Margaret Ryan—especially in the context of the SEC dropping its allegations against Tron founder Justin Sun. Ryan’s term lasted only six months; she had tried to push forward investigations into fraud cases, but faced obstacles. The SEC’s regulatory direction under the current administration has drawn market attention.

An American man was indicted for attacking Uranium Finance, with $54 million at stake and a maximum of 30 years in prison.

March 30, U.S. prosecutors charged Jonathan Spalletta of Maryland, accusing him of repeatedly attacking the decentralized exchange Uranium Finance since 2021, involving $54 million. Spalletta faces computer fraud and money laundering charges, with a maximum total sentence of up to 30 years in prison. He allegedly profited illegally by manipulating transaction processes and used the proceeds to buy collectible items. Prosecutors emphasized that crypto assets are also protected by law.