Multiple CFTC Officials Questioning Prediction Market Platform Placed on Leave
On May 24, several senior officials from the U.S. Commodity Futures Trading Commission (CFTC) — who had previously raised concerns about prediction market platforms — were suspended pending an investigation and ultimately forced to resign. The officials had voiced regulatory worries over three entities: Polymarket, Crypto.com, and a Gemini affiliate. Specifically, they questioned whether Crypto.com treated small-scale users fairly, whether Polymarket had sufficient anti-fraud measures in place, and whether the Gemini affiliate had obtained all required regulatory approvals.
Sources familiar with the matter say then-acting CFTC Chairman Caroline Pham and her senior advisors intervened to help those companies advance their approval processes and business needs. The report also notes a notable gap in the CFTC’s cryptocurrency enforcement efforts across administrations: during the Trump era, the agency took only two crypto-related enforcement actions, both targeting individuals rather tha
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Meme Coin's market cap briefly surpasses $43 million, surging over 32% in the last 24 hours
On May 24, monitoring from
GMGN shows that Solana ecosystem meme coin
neet briefly hit a $43 million market cap, currently trading at $42.3 million, marking a 32% gain over the past 24 hours.
BlockBeats reminds investors that meme coins have no practical utility, are highly volatile, and require careful caution when making investment decisions.
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Saudi Media Says US and Iran Will Soon Reach Preliminary Agreement
May 24 – Citing sources, Al Arabiya TV reported that the United States and Iran are set to reach a preliminary agreement soon. The preliminary deal will take the form of a Memorandum of Understanding, which Pakistan will announce without the negotiating parties present. The U.S. and Iran will subsequently negotiate a final agreement, with the next round of talks possibly scheduled for June 5. (Xinhua News Agency)
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waifu.fun Officially Launches on BNB Chain, AI Autonomous Coin Issuance Surpasses $1 Million on First Day
On May 24, waifu.fun—a token launch platform designed for AI Agents—officially launched on BNB Chain. The platform lets AI Agents independently launch tokens and manage their treasuries autonomously, with all data recorded transparently on-chain.
Its first Agent, @0xSolace_, completed full platform development, mechanism design, and token issuance on its own. On launch day, the Agent’s treasury assets exceeded $1 million.
Tokenomics breakdown: Only 5% of the total supply is actually circulating, 10% is autonomously controlled by the Agent’s treasury, 20% is allocated to early contributors with a long-term vesting schedule, and the remaining 65% has been permanently burned. The contract includes an anti-sniper mechanism, has no team reserves, and all transaction fees automatically flow back to the treasury.
As core infrastructure for BNB Chain’s Agentic Economy ecosystem, waifu.fun is built on the ElizaOS + Steward + Flap tech stack, with its full code stack undergoing a securi
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Crypto Market Rebounds, Funding Rate Indicates Market Sentiment Recovery, BTC and ETH Approach Bullish Territory
May 24 — Per HTX market data, Bitcoin is trading at $76,961.30 as of press time, with a 24-hour gain of 2.98%. Ethereum is priced at $2,121.29, reflecting a 4.55% increase over the past 24 hours.
Funding rates across leading centralized (CEX) and decentralized exchanges (DEX) currently show Bitcoin’s rate structure as neutral to slightly bullish. Ethereum’s funding rate has been warming up overall, with most platforms reaching or approaching the 0.01% benchmark. ETH is close to forming an effective long signal, with bullish sentiment more positive than that of BTC.
BlockBeats Note: Funding rates are mechanisms crypto exchanges implement to maintain alignment between perpetual contract prices and the underlying asset prices. They represent a funding exchange between long and short traders—exchanges do not charge this fee themselves. The rate adjusts the costs or profits for traders holding contracts, ensuring contract prices stay closely linked to the underlying asset’s value.
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