Indonesia’s Ministry of Communication and Digital Affairs has blocked access to Polymarket, saying the crypto-based prediction market amounts to online gambling under local law.

The ministry said it had cut access to the platform and was tracing affiliated social media accounts for possible restrictions across other digital channels.

Alexander Sabar, director general of digital space supervision, claimed that platforms that allow users to wager money on uncertain outcomes remain gambling products, even when they use blockchain technology or crypto assets.

Polymarket lets users trade contracts tied to real-world events, including elections, sports, crypto prices and political outcomes. The platform has grown into one of the largest crypto prediction markets, but regulators in several jurisdictions have treated parts of the business as gambling rather than financial-market activity.

Indonesia’s statement did not name Kalshi, a U.S.-regulated prediction market operator, or other platforms but said authorities would restrict similar services that facilitate online gambling.

The order could extend to other prediction-market platforms if Indonesian regulators determine that they allow users to wager money on uncertain real-world events.

Indonesia’s move follows a broader clampdown on prediction markets in Asia. India recently blocked Polymarket after authorities classified such platforms as prohibited online money gaming, with Kalshi also facing potential scrutiny. Polymarket is separately seeking approval in Japan by 2030, where strict gambling rules limit most forms of betting outside state-sanctioned activities.

The Indonesian ministry said Singapore, Brazil and India have blocked Polymarket, while Taiwan, Thailand, China and Japan have imposed restrictions under local law. The prediction market is also blocked in Ukraine, where there’s no legal way for it to come back.

The regulator urged Indonesians not to access or participate in digital betting activity, including markets that use crypto assets, citing potential financial losses and violations of Indonesian law. The ministry said it would keep coordinating with law enforcement and other stakeholders to monitor similar platforms.

A New York lawsuit filed by Noah Doe seeks legal ownership of 39,069 dormant Bitcoin wallet addresses.

A New York Bitcoin wallet lawsuit filed on May 1, 2026 in the Supreme Court of the State of New York asks a court to declare that 39,069 dormant addresses legally belong to plaintiff Noah Doe.

The complaint, filed under index number 153119/2026 through Brooklyn law firm Lewis and Lin LLC, invokes New York Personal Property Law Article 7-B.

Doe says he discovered the wallets in October 2024 after identifying a security vulnerability that caused owners to permanently lose the ability to withdraw their holdings.

He developed a proprietary algorithm to identify wallets meeting the legal standard for abandonment, reported them to the NYPD, and spent more than a year attempting to locate their owners before filing suit.

What the Bitcoin wallet lawsuit is actually claiming

The complaint seeks a declaratory judgment declaring that Noah Doe and his two assignee companies, designated ABC Company and XYZ Company, are the legal owners of the 39,069 wallets and their contents.

Doe transferred ownership rights in all but 18 wallets to ABC Company on December 1, 2025, which subsequently transferred 17.7% to XYZ Company.

The listed addresses include wallet “12c6D,” associated with Satoshi Nakamoto, and “1Feex,” linked to the Mt. Gox exchange hacker. Sani, founder of blockchain analytics platform Timechain Index, estimated the total holdings across the listed wallets at approximately 3.7 million BTC, valued at around $285 billion at current prices. Crypto.news has tracked broader legislative efforts to establish legal frameworks around federal Bitcoin holdings.

Why the case could set a precedent for abandoned crypto property

The central legal question is whether dormant, self-custodied Bitcoin wallets can be treated as abandoned property under existing state law. Exchange-held assets already have dormancy and escheatment frameworks, but self-custodied wallets outside any institutional ledger sit in a legal grey zone that no court has formally resolved.

Timechain Index’s founder noted a potential procedural flaw: the plaintiffs sent legal notices to Pay-to-Public-Key-Hash addresses, while many old Satoshi-era wallet balances sit in unnotified Pay-to-Public-Key format scripts. If a court accepts the claim, it could establish precedent for how abandoned-property rules apply to decentralised assets entirely outside exchange custody.

Crypto.news has reported on the US government’s own Bitcoin holdings, as the legal and regulatory framework around Bitcoin ownership continues to evolve. The Bitcoin (BTC) price page tracks live market reaction as the lawsuit draws attention to dormant wallet dynamics.

A suspected third-party Safe module exploit has drained about $3.2 million from wallets across Ethereum and Base, with multiple teams pointing to an external module as the cause.

Blockchain security platform Blockaid reported the incident on Monday, saying it involved a contract labeled “SquidRouterModule,” which initially led to confusion over a possible link to the cross-chain protocol Squid.

Squid later said on X that the issue was unrelated to its core protocol and instead involved a third-party module integrated into Safe wallets.

“A third-party SquidRouterModule was exploited, not Squid’s Router contract,” Squid said, adding that the contract shares its name but not its code.

The incident highlights how a trusted wallet module can be used to move funds if it has been granted broad execution permissions within a smart account.

86 Gnosis Safes drained for $3 million in about two hours

Safe, formerly Gnosis Safe, is a multi-sign wallet running on multiple networks, which requires a minimum number of users to approve a transaction before execution.

It can also be extended with optional modules, which are smart contracts that allow approved code to execute actions on behalf of the wallet.

Related: DeFi hacks shake institutional confidence as risks outpace yields

According to Blockaid, the attack affected at least 86 Safe accounts within roughly two hours, with all stolen tokens swapped to Dai (DAI) via attacker-controlled Uniswap V3 pools.

Source: PeckShieldAlert

The suspected root cause is a vulnerability in SquidRouterModule, which allegedly allowed the attacker to impersonate authorized delegates and trigger unauthorized token swaps, Blockaid said.

Module attribution and Safe response

Safe Labs CEO Rahul Rumalla said the accounts “do not seem to be operated on official Safe Wallet product,” adding that it remains unclear how and where they were created and managed, likely created through externally deployed integrations.

Source: Rahul Rumalla

He said Safe Wallet surfaces such risks through “Safe Shield,” a feature designed to flag potentially malicious or unverified modules and guards before they are used. The CEO added that the exploited module had already been flagged as malicious by Blockaid, which is included in Safe Shield’s risk detection ruleset.

Cointelegraph approached Safe and its CEO for comment but did not receive a response by publication time.

Magazine: ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves

NEAR Protocol’s token climbed 15% over the past 24 hours to $2.8, extending a month-long rally that has seen the price of NEAR double in the past month.

The move comes amid the success surrounding NEAR Intents, the network’s cross-chain transaction system. The product allows users to request a desired outcome, such as swapping USDC on Ethereum for SOL on Solana, while third-party solvers execute the transaction behind the scenes.

DefiLlama data shows NEAR Intents has processed more than $19 billion in cumulative volume and generated about $32 million in fees. The figures have drawn renewed attention to the protocol after months of limited price movement.

The rally accelerated further after BitMEX co-founder Arthur Hayes described NEAR, Hyperliquid’s HYPE and ZEC as crypto’s “holy trinity” in a post on social media, before suggesting there’s a “long way to go” in its rally.

NEAR gained about 30% as traders rotated back into tokens tied to artificial intelligence and blockchain infrastructure earlier in the month, while institutional demand has been growing. The Bitwise NEAR Staking ETP listed in Europe has grown to roughly $40 million in assets under management, after seeing $7 million in inflows in a single week.

Investors are also watching an upcoming June network upgrade that introduces dynamic resharding. The change is designed to automatically split network shards as demand increases, potentially improving scalability during periods of heavy usage.

Despite the recent surge, NEAR remains well below its 2022 peak near $20.

NEAR is a layer-1 blockchain focused on applications, AI infrastructure and cross-chain transactions. The network uses a proof-of-stake model and markets itself as a platform designed to simplify interactions across blockchains while handling large volumes of activity through sharding.

Two Texas Congressional candidates supported by millions of dollars in spending from interest groups aligned with the cryptocurrency industry are headed for runoffs this week in races for the US Senate and House of Representatives.

On Tuesday, Democratic voters in Texas’ 18th congressional district will decide between incumbent Al Green and challenger Christian Menefee to run in November’s general election. Statewide, voters will choose between Texas Attorney General Ken Paxton and incumbent John Cornyn for the Republican primary for US Senate.

Both Tuesday races are runoffs after none of the candidates failed to secure a majority in Texas’ March primaries. The crypto industry, through spending on media by political action committees (PACs), has stakes in both races, which could influence policy and the makeup of Congress going into 2027.

As of Sunday, Protect Progress, affiliated with the Ripple- and Coinbase-backed Fairshake PAC, reported spending $5 million to support Menefee over Green. The PAC spent $2.8 million on ads opposing Green. Menefee also has the endorsement of the Blockchain Leadership Fund, a committee backed by Anchorage Digital and Chainlink Labs, though it had not reported any expenditures as of Monday.

Source: US Federal Election Commission

The outcome of the primaries could influence who will ultimately win Texas’ 18th district and one of the state’s two Senate seats in the November general election, potentially affecting which political party controls Congress in 2027. Under a Republican majority, lawmakers have passed key pieces of legislation supported by the crypto industry, including the stablecoin GENIUS Act.

At least one of the ads funded by Protect Progress to support Menefee did not mention crypto or blockchain, but rather Green’s opposition to US President Donald Trump. Bill King, a former opinion writer for the Houston Chronicle, said in a local FOX26 segment that aired on Sunday:

“I saw 12 television commercials yesterday paid for by the Protect Progress PAC […] and that same group of people are the ones that are primarily funding Trump.”

Related: Texas Lt. Gov. calls for study of crypto, prediction markets  

The Fellowship PAC, funded by Wall Street firm Cantor Fitzgerald and Anchorage, reported spending $500,000 to support Paxton over Cornyn for the US Senate seat. The expenditure came about 24 hours after Trump endorsed Paxton, saying that Cornyn had been “very late in backing” him as a Republican candidate for president.

Prediction markets heavily favor Paxton and Menefee

The Kalshi prediction market gave its users 91% and 96% chances on event contracts favoring Menefee over Green and Paxton over Cornyn, respectively.

Source: Kalshi

The platform has consistently provided event contracts favoring the Democratic candidate since February, while Paxton’s odds surged above 90% for the first time after Trump’s endorsement on Tuesday, and stood at almost 96%, at last look on Monday. Bets on that race topped more than $16 million in total volume.

Rival predictions market platform Polymarket gave both candidates similar chances in Tuesday’s runoffs.

Magazine: ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves

Regulatory progress and XRP growth fuel interest in cloud mining platforms like SHRMiner among crypto investors.

According to CNBC, following months of negotiations regarding stablecoin yield rules and decentralized finance (DeFi) regulation, the Digital Asset Market Transparency Act was passed by the Senate Banking Committee on May 14. 

Senators Ruben Gallego and Angela Alsobrooks, joined by all Republican members, championed the bill’s passage. Following the vote, the price of Bitcoin briefly surged to $81,965 but subsequently retreated amid macroeconomic headwinds; the bill still requires 60 votes in the Senate as well as passage by the House of Representatives.

This cryptocurrency market news highlights the trend toward a transition to regulated legitimacy; however, regulatory clarity alone does not tell retail investors where to find the greatest returns, and as the rules become increasingly clear, the window for early positioning is narrowing.

Regulatory uncertainty has historically caused even the most astute investors to adopt a wait-and-see approach. Today, with the advancement of the CLARITY Act, the central question has shifted from whether the market can grow to which specific projects will yield returns for early-moving investors. 

Amidst an environment characterized by heightened price volatility and an abundance of short-term opportunities, regulated cloud mining platforms — such as SHRMiner — are emerging as the preferred choice for investors. Users need neither to own their own hardware nor possess technical expertise; they simply need to purchase computing power to participate in mining and earn daily returns, all while benefiting from the growth potential of the XRP ecosystem.

In this environment, investors are no longer merely asking:

“Will the price go up?”

But increasingly:

“How can I generate daily profits, even without engaging in active trading?”

Against this backdrop, SHRMiner has officially launched a cloud mining rewards contract that supports XRP payments. Users simply need to use XRP to activate computing power, requiring no additional hardware or complex procedures. The system automatically executes the mining operations and settles daily earnings, enabling otherwise idle XRP assets to achieve steady appreciation.

Why has cloud mining suddenly sparked such heated discussion?

SHRMiner is a UK-based cloud mining platform dedicated to providing secure, efficient, and scalable cloud mining services to over 5 million users across more than 180 countries. Users are not required to purchase mining hardware themselves, nor do they need to bear the complex costs associated with electricity, cooling, or maintenance; instead, they can participate in Bitcoin mining indirectly simply by purchasing the hash rate contracts offered by the platform. Compared to traditional individual mining methods, this model significantly lowers the barrier to entry while simultaneously making the allocation of hash rate resources more centralized and professional.

SHR Miner’s XRP cloud mining is now live

XRP has long been recognized for its pivotal role in cross-border payments and institutional finance; now, SHRMiner’s latest innovation — user-friendly cloud mining — propels XRP into a new era.

Users can choose to mine XRP directly or leverage SHRMiner’s intelligent AI engine, which automatically redirects mining power to the assets yielding the highest returns, including BTC, XRP, ETH, DOGE, USDC, and others. Earnings are paid out daily in a chosen cryptocurrency, providing a reliable source of income regardless of market fluctuations.

Whether someone is a beginner or an experienced investor, with the SHRMiner cloud mining platform, they can easily participate in mining without the need to purchase mining hardware or possess specialized technical skills. In just four simple steps, anyone can embark on their journey toward generating passive income from digital assets.

Here is how to join SHRMiner

1. Register an Account

Visit the official website or download the mobile app. Complete registration using an email address to instantly receive a $15 reward, plus a daily login bonus of $0.60. (Click here for one-click registration).

2. Select an Investment Plan

The platform offers various plans ranging from $100 to $200,000, varying in both duration and scale; users can select the plan that best suits their available funds and target returns.

3. Supported Cryptocurrency Deposits

Participate using a variety of supported cryptocurrencies, including XRP, BTC, ETH, and USDT. The system will automatically convert your deposited assets into cloud mining hash rate.

4. Activate the Contract and Earn Returns

Once the contract is activated, earnings will be automatically settled within 24 hours. Users have the option to withdraw their profits or reinvest them to capitalize on the power of compound interest.

The primary advantage of this model lies in its significantly lowered barrier to entry. Users are not required to research specific mining hardware models or hash rate configurations, nor do they need to set up their own system environments; they simply need to register an account, deposit assets, and select a mining plan to begin generating returns.

Examples of Common Contracts:

After purchasing a contract, earnings will be automatically credited to an account within 24 hours. Upon the contract’s expiration, the principal will be returned in full. The principal can be withdrawn or reinvested to enjoy the benefits of compound interest. For further details regarding mining contracts, please click here to learn more.

SHRMiner Platform Advantages:

• Supports daily automatic settlement
• No additional electricity or maintenance costs required
• Utilizes advanced ASIC mining hardware, powered by renewable energy sources including hydropower, wind power, and solar power.
• Supports Multi-Currency Mining: Earn major cryptocurrencies such as BTC, XRP, ETH, DOGE, USDC, USDT, SOL, LTC, BCH, and more.
• Equipped with SSL encryption and DDoS protection, a real-time earnings dashboard for easy monitoring of mining performance
• 100% remote access, fully accessible via the SHRMiner application or browser without hardware requirements, and 24/7 online technical support.
• Affiliate Program: The Affiliate Program allows users to earn up to 4.5% commission by referring friends, with the opportunity to earn an additional bonus of up to 30,000.

Unimaginable money-making opportunities

What sets SHRMiner apart is its extraordinary daily passive income potential; users have the opportunity to earn $8,900 — or even more — every day, thereby realizing their dream of getting rich online. Imagine generating substantial income without the need for constant effort or complex setups — that is precisely what SHRMiner offers.

Conclusion

For those who are looking for ways to generate passive income, cloud mining is an excellent option. When utilized effectively, these opportunities can help effortlessly accumulate cryptocurrency wealth on “autopilot.” Market opportunities favor the swift; now is the ideal time to capitalize on the growth potential of XRP and secure stable daily returns through SHRMiner — a key to achieving sustainable wealth accumulation.

For more information, visit the official website.