Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, US lawmakers launched a probe into alleged insider trading activity tied to prediction market platforms. Polymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations led to more than $600,000 in losses, and at least five high-profile companies have shuttered this week.

US lawmakers have opened a formal investigation into alleged insider trading activity on prediction market platforms tied to crypto and event-based trading.

House Oversight Committee Chair James Comer sent letters to the CEOs of Kalshi and Polymarket requesting information about how the platforms monitor suspicious trading activity and prevent users with access to nonpublic government information from profiting on sensitive geopolitical events.

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