US LAUNCHES 3 SECRET POLYMARKET INVESTIGATIONS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Federal regulators have launched three previously unreported investigations into trades on Polymarket, the prediction market platform, according to documents obtained by WIRED. The probes target potential insider trading related to Biden pardons, Iran conflict, and Google.
■ MORE FROM THE CRYPTO DESK
Coinbase Co-Founder and CEO Brian Armstrong believes the cryptocurrency market has reached the bottom of its current price cycle. Armstrong also expressed confidence in stablecoins as a transformative payment technology.
Ledger, a major cryptocurrency hardware wallet maker, has consolidated its internal technology and security operations under a single executive. The move comes as AI-powered crypto attacks surge to $1.4 billion globally.
Malone Lam, a 22-year-old Singaporean national, has pleaded guilty to leading an international social engineering scheme that stole and laundered $245 million in cryptocurrency. Prosecutors identified Lam as the operation's architect, operating under multiple aliases including "Anne Hathaway" and "King Greavy."
Coinbase has taken a regulatory step toward enabling US investors to make leveraged, round-the-clock bets on stocks without ownership. The move signals the exchange's diversification beyond cryptocurrency trading.