New York, Illinois sign EOs banning state employees from prediction markets
Cointelegraph Regulation·60-word summary·1 min read
New York and Illinois have signed executive orders banning state employees from participating in prediction markets, citing concerns over insider trading. Governor Kathy Hochul criticized the previous federal administration for failing to establish ethical standards in these markets. The moves aim to increase transparency and prevent conflicts of interest among government officials, though specific enforcement details have not been disclosed.
Intel's stock surged after Q1 earnings beat expectations, driven by strong AI demand and data center growth. The company reported rising margins and an improved earnings outlook, reflecting the AI sector's momentum. The rally highlights Intel's position in AI hardware and data infrastructure, with shares climbing on the back of robust revenue from AI-related products.
Japanese banks are testing XRP-based remittances that settle in under four seconds at 60% of SWIFT's cost, potentially replacing traditional cross-border payments. This development could significantly impact the global payments industry, with Ripple's XRP gaining attention as a fast, low-cost alternative for international transfers, especially between Japan and Southeast Asia.
WTI crude oil prices remain low amid ongoing Iran conflict concerns, indicating prolonged market instability and potential for sustained high fuel costs. Despite geopolitical tensions, price targets have not increased, reflecting cautious market sentiment. The situation continues to influence energy markets, with analysts monitoring developments for future price movements. The conflict's impact persists into 2026, affecting global energy prices.
U.S. energy chief has labeled Iran a long-term threat to global energy supplies, raising concerns over potential disruptions amid ongoing tensions. This development could increase market volatility and impact oil prices, highlighting geopolitical risks in the energy sector. The statement underscores the ongoing geopolitical challenges affecting global markets and energy stability.
OKX is expanding US institutional trading by partnering with BitGo Bank for off-exchange settlement, allowing institutions to trade while assets stay in segregated custody. This model, announced on April 23, 2026, reduces pre-funding needs and counterparty risk. BitGo Bank is an OCC-regulated digital asset trust bank, supporting OKX’s efforts to enhance institutional access in the US market.
Zcash (ZEC) surged nearly 4% after Robinhood listed the token, boosting confidence. Arthur Hayes predicted a $10,000 target for ZEC, fueling speculation. The listing marks a significant step for Zcash, which has seen increased trading volume and interest. The move could push ZEC toward new highs, with traders watching for further bullish signals.
