Wisconsin Joins Regulatory Battle Over Prediction Markets, Sues Platforms Such as Kalshi and Polymarket

April 24 — Per Hyperinsight monitoring (via their Telegram channel at https://t.me/HyperInsight), Nvidia’s Q1 revenue blew past analyst expectations. The chipmaker’s stock extended gains in after-hours trading today, with its post-market jump widening to 23%. On the Hyperliquid platform, the associated asset is currently priced at $82, up 22.9% over 24 hours, with $36.6 million in 24-hour trading volume. Currently, the largest long position on Hyperliquid is a 3x leveraged cash:INTC long (tied to the Intel synthetic asset launched by Dreamcash), with a position size of $2.25 million. Unrealized profits on the position have swelled to $920,000 — a 210% gain. The position was opened 29 days ago when INTC traded around $48, and profits remain unbooked. Address: 0xd8d5b0f7219aed171efb5ae2ac3b9941206f7349

April 24 — Morgan Stanley Investment Management (MSIM) has launched the Stablecoin Reserve Portfolio Fund (MSNXX), a government money market fund tailored for stablecoin issuers. The fund aims to deliver a regulated, secure custody solution for reserves backing tokenized fiat-equivalent stablecoins. MSNXX invests exclusively in the safest, most liquid instruments: U.S. Treasury Bills (short-term loans to the U.S. government) and repurchase agreements (overnight loans secured by similar government securities), with capital preservation as its core goal. It targets a net asset value (NAV) of $1, ensuring invested funds retain constant value at redemption to mitigate price swings. Additionally, the fund offers daily liquidity, letting investors redeem shares on any trading day without waiting periods or penalties. Stablecoins currently hold a total market cap of $316 billion, with dollar-pegged tokens like Tether and USDC accounting for a large share. MSIM’s launch aligns with progr

On April 24, CoinGecko reported that 47% of LayerZero OApps still rely on a 1-of-1 Decentralized Verification Network (DVN) configuration, leaving over $45 billion exposed to the vulnerability that led to the ~$2.92 billion exploit targeting Kelp DAO.

On April 24, Bybit co-founder and CEO Ben Zhou took to social media to announce that Bybit will vote in favor of a Mantle community proposal to provide a loan for a coordinated rescue effort involving Aave. As Mantle’s largest holder and supporter, Bybit is backing the plan. Zhou noted that when Bybit was hacked, the industry rallied to assist it—and now, facing a similar challenge, reciprocating is the only right call.

April 24th: Per Hyperinsight monitoring (https://t.me/HyperInsight), a major BTC short seller address (0x004) recently active on Hyperliquid closed out a short position near its breakeven price in the past half hour. The address previously held a $15.58 million position (liquidation price: $77,936) and netted a small $60,000 profit. Subsequently, the address placed a limit sell order at $79,000—above current BTC prices—for 100 BTC (roughly $7.9 million), planning to reinitiate a short position if the price hits that level. Address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8

On April 24th, LookOnChain’s monitoring data indicates Tether minted 3 billion USDT on the Ethereum network last week. Separately, AbraXas Capital received 2.89 billion USDT from the Tether Treasury over the past seven days.