The Justice Department ended its investigation into Fed Chair Jerome Powell, removing a key obstacle to the Senate’s confirmation of Kevin Warsh as the next chair when Powell’s term ends May 15. The resolution reduces tail-risk around a potential succession crisis and clarifies the policy path as markets recalibrate rate-cut expectations amid sticky inflation.
Source: MarketWatch
Regulators turn up heat on prediction markets: first insider-trading case, new state lawsuits
Federal prosecutors charged a U.S. Army Master Sergeant with using classified information to bet on Polymarket, the first criminal insider-trading case tied to prediction markets. In parallel, Wisconsin sued Kalshi, Robinhood, Coinbase and others, alleging illegal sports-betting contracts, underscoring mounting state and federal scrutiny of event-based trading venues.
Source: FinanceFeeds
DeFi’s “circuit breaker”: Aave proposes 25,000 ETH to plug rsETH shortfall after bridge exploit
Following the KelpDAO/L0 bridge incident, Aave service providers proposed contributing 25,000 ETH (≈$58M) to the ecosystem-wide “DeFi United” recovery, joining commitments from Lido, Ether.fi, Mantle and others. With frozen funds on Arbitrum and pledged support nearing the gap, the effort highlights both the scale of cross-protocol exposures and an emerging playbook for systemic risk containment in DeFi.
Source: FinanceFeeds
SpaceX strengthens anti-takeover defenses ahead of blockbuster IPO
SpaceX’s S-1 details the use of Texas corporate law and a dual-class structure to deter hostile bids and activist pressure post-IPO, consolidating control with Elon Musk and insiders. The governance stance may limit shareholder leverage even as the company readies what could be the largest public listing on record amid surging investor demand for space infrastructure and satellite broadband exposure.
Source: FinanceFeeds
Morgan Stanley launches stablecoin-reserve money market fund
Morgan Stanley unveiled the Stablecoin Reserves Portfolio (MSNXX), a government money market fund designed for payment-stablecoin issuers seeking compliant, high-liquidity reserve management under emerging U.S. frameworks. The move signals deeper Wall Street integration into stablecoin plumbing and complements the bank’s broader digital-asset strategy around spot Bitcoin products and tokenization.
Source: FinanceFeeds
Paysafe wins MiCA license, brings Skrill/Neteller crypto to 30 EEA markets—Germany included
Paysafe secured a CASP license under the EU’s MiCA regime via the Central Bank of Ireland, enabling regulated crypto services for Skrill and Neteller across the EEA. The passportable approval opens Germany—Paysafe’s largest wallet market—to crypto for the first time under MiCA, raising competitive stakes as payments firms fold digital assets into mainstream wallet rails.
Source: FinanceFeeds
U.S. sanctions Iran-linked crypto wallets after Tether freezes $344M in USDT
Washington sanctioned multiple crypto addresses tied to Iran days after Tether blacklisted $344M in USDT on Tron, reflecting a coordinated push to disrupt sanctioned flows. The episode highlights the growing role of stablecoin issuers as enforcement chokepoints—and the associated counterparty and censorship risks for institutions relying on on-chain dollars.
Source: FinanceFeeds
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