The Fellowship PAC has named Tether US VP of Regulatory Affairs Jesse Spiro as its chairman to lead efforts backing pro-crypto candidates ahead of this year's U.S. midterm elections. The move comes as Senate progress on the Clarity Act is reportedly stalled by a dispute over whether firms can pay rewards to users for holding stablecoins.

Canton Network, a permissionless blockchain built for institutional finance by Goldman Sachs-backed Digital Asset, has integrated LayerZero as its first live interoperability protocol. The setup is intended to let regulated institutions on Canton move tokenized assets across more than 165 public blockchains while keeping compliance requirements in view.

On Wednesday, Fortune reported that prediction platform Polymarket acquired crypto payments startup Brahma for an undisclosed sum. Polymarket expects Brahma's DeFi expertise to enhance user experience and strengthen liquidity for smaller, thinly traded wagers. Brahma, founded in 2021, has processed more than $1 billion in transactions and aims to reduce friction around wallets, deposits and token redemptions on Polymarket.

On Tuesday, Arizona Attorney General Kris Mayes filed a 20-count criminal case accusing prediction platform Kalshi of illegally taking bets on sports events and elections from state residents. The company maintains that its event contracts fall under federal jurisdiction via the Commodity Exchange Act and are overseen by the CFTC, while Arizona law bars unlicensed operators and forbids election wagering. Kalshi, which is also in disputes in Ohio and Tennessee and seeks a multi‑billion dollar valuation alongside Polymarket, plans to keep challenging adverse rulings as several states and federal authorities continue to clash over how prediction markets should be regulated.

OpenSea has delayed the launch of its SEA token, which had been scheduled for a first-quarter 2026 token generation event. CEO Devin Finzer said on Monday that The OpenSea Foundation is pushing back the timeline without providing a new date and confirmed the current rewards wave will be the last for the community-focused allocation.

The Open Network has called off its Gateway Dubai conference that was scheduled for May 1–2, 2026, citing safety concerns in the UAE related to the Middle East conflict. The cancellation follows missile and drone attacks on the United Arab Emirates after strikes in Iran by the U.S. and Israel, while organizers explore alternative formats for a TON ecosystem gathering later this year.

21Shares has listed the first U.S. spot Polkadot exchange-traded fund, trading on Nasdaq under the ticker TDOT. The fund was launched on Friday with an initial seed capital of $11 million and charges a 0.3% fee, offering investors exposure to Polkadot's DOT token without directly holding the asset.

Tether, the largest issuer of U.S. dollar-pegged stablecoins, co-led a $7.5 million funding round in Bitcoin infrastructure startup Utexo to support native USDT settlement on the Bitcoin and Lightning networks. The company's technology is designed to process atomic, private USDT payments with fixed, upfront fees paid in USDT. Tether has also recently backed projects such as LayerZero Labs and sleep-technology firm Eight Sleep at a $1.5 billion valuation.

The Internal Revenue Service has proposed a rule that would let crypto brokers such as Coinbase and Kraken require customers to receive Form 1099-DA tax statements electronically rather than on paper. Starting this year, these platforms must report both gross proceeds and cost basis for digital asset sales, giving the IRS more detailed information on users' gains and losses and potentially tightening compliance oversight.