Indonesia Blocks Polymarket Over Alleged Online Gambling
May 25 – According to Indonesia’s state-run national news agency ANTARA, the country’s Ministry of Communication and Information Technology has blocked prediction market platform Polymarket, alleging the site operates as an online gambling service disguised as a legitimate prediction market.
Alexander Sabar, director general of the ministry’s Digital Space Oversight division, stated that platforms like Polymarket – even those using blockchain technology and cryptographic assets – facilitate monetary betting and speculation on the outcomes of uncertain events, which violates Indonesia’s laws. The ministry added that it has not only blocked Polymarket’s website but is also tracking associated social media accounts, and will continue to restrict access to other platforms suspected of offering similar services.
7 minutes ago
Huobi HTX has listed BMNR and ARM perpetual contracts and launched a Contract Trading Party.
Official Announcement: Huobi HTX Launches BMNR/USDT & ARM/USDT Perpetual Contracts With New Trading Event
May 25 – Per Huobi HTX’s official announcement, the platform has rolled out two new perpetual contracts: BMNR/USDT and ARM/USDT, with a maximum trading leverage of 10x.
Additionally, Huobi HTX is hosting a BMNR & ARM contract trading event running from 15:00 UTC+8 on May 25 to 15:00 UTC+8 on June 1, featuring a total prize pool of up to 20,000 USDT.
Event Breakdown:
? **Eligibility**: Users who register for the event and trade BMNR/USDT or ARM/USDT contracts, reaching a cumulative trading volume of ≥1,000 USDT, will qualify to split the prize pool based on their trading volume rankings.
? **New User Benefits**: First-time traders of these two contract pairs will receive exclusive perks upon completing their BMNR/USDT and ARM/USDT transactions.
For full event details and real-time updates, stay tuned to Huobi HTX’s official announcements.
7 minutes ago
BlackRock Analyst: Under Powell Leadership, Fed Likely to "One-and-Done"
On May 25, BlackRock Group noted that under the leadership of newly appointed Federal Reserve Chair Jerome Powell, the U.S. central bank has ample justification to lean toward an interest rate cut rather than a hike. Navin Saigal, head of Asia-Pacific’s global fixed income business at BlackRock, addressed questions about the likelihood of rate increases during Powell’s tenure, stating, “If I had to choose between a rate hike and a rate cut, I believe there are actually enough factors to support a rate cut.” He added, “Looking ahead, the labor market is set to face some pressure, which could mean the Fed will either hold policy steady or implement a rate cut.” Saigal’s remarks run counter to the prevailing outlook among bond market investors, who are betting that Powell will prioritize preserving the Fed’s credibility on taming inflation over fulfilling U.S. President Donald Trump’s calls for lower interest rates. Current market pricing indicates it’s nearly certain the Federal Reserve
7 minutes ago
IOSG Denies Selling UNI and COMP: Related Wallet Unofficial Address, Arkham Label Not Verified
On May 25, crypto VC firm IOSG Ventures issued a formal clarification in a post stating it is not linked to a wallet address referenced in a report from blockchain analytics firm Onchain Lens.
Onchain Lens had labeled a wallet involved in UNI and COMP transactions as “IOSG Ventures?” in a tweet, a move IOSG notes was merely unsubstantiated speculation. The address in question is not owned, controlled, or affiliated with IOSG—it is solely a deposit address for Binance. IOSG emphasized that the activities and losses described in the tweet are unrelated to the firm, adding that it has reached out to the relevant parties to correct this misrepresentation.
The address, which previously deposited 2.7 million UNI and 114,352 COMP into Binance, belongs to Eliah Trend Research.
7 minutes ago
「Today's Largest BTC Long Position」 is led by a single position of over 36.9 million, with the whale setting a stop-loss price at $73,800.
May 25: Per Hyperinsight monitoring, the largest Bitcoin (BTC) position opened on Hyperliquid today was initiated by a whale wallet with the address prefix 0xebe. Early this morning, the whale opened a long position using 476.4 BTC at 5x leverage, bringing the position’s total value to roughly $36.9 million. Its average entry price is around $76,687, and current unrealized profit has reached $367,000, a 4.7% gain.
The whale has already set a stop-loss price at $73,800. Analysts estimate that if BTC drops to this level, the position will be passively liquidated, resulting in an approximate $1.37 million loss—equivalent to an 18.8% loss on its principal.
Wallet Address: 0xebe837cd345469cbc5d6e1fd3d15ee5079ac885f.
7 minutes ago
A Dormant Ethereum Early Whale Awakens After 10.8 Years, Realizing Over 6800x Gains
On May 25, crypto tracking service Whale Alert flagged a long-dormant pre-mined address holding 2,000 ETH (worth $4,234,171) that has woken up after 10.8 years of inactivity. Back in 2015, those same ETH were valued at just $620, translating to a profit of more than 6,800 times their original worth.
7 minutes ago
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