Indonesia has blocked access to the crypto-based prediction market platform Polymarket after the site opened a betting market on whether President Prabowo Subianto would leave office before his term ends in 2029.

Spot bitcoin prices traded at $77,343 per coin at 10:15 a.m. EST on May 25, 2026, sitting below the heaviest options strike concentrations but comfortably inside the max pain range that options writers across Deribit, Binance, and OKX have been gravitating toward all week.

A blockchain based storytelling project begins its first public rollout across

Hyperliquid’s HYPE token has surged to record highs, but the rally is being powered less by institutional ETF demand and more by an aggressive protocol-driven buyback system. The mechanism has created a powerful feedback loop tying HYPE’s price directly to trading activity on the exchange.

A tracked onchain wallet has opened a 23x leveraged short position on ether worth $100.33 million via Hyperliquid, with the trade facing automatic liquidation if ETH climbs just $41 from its entry price.

A Hyperliquid trader who opened a short position on HYPE ahead of the token’s recent price surge is now unwinding the bet, having already sold more than $14 million worth of tokens with more supply still hitting the market.

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A couple of unrelated bitcoin wallets that sat dormant for more than a year suddenly transferred 1,650 BTC, valued at approximately $127 million, into U.S.-based institutional prime brokerage Falconx.

A wallet linked to Bitmex co-founder Arthur Hayes has repurchased 85,714 HYPE at $62.69 each, days after the same wallet sold a larger batch of 115,453 tokens at $54.81, confirming a sell-low, buy-high sequence that analysts flagged on Monday.

Ethereum co-founder Vitalik Buterin has flagged a structural vulnerability in the network’s transaction infrastructure, warning that smart contract wallets and privacy protocols remain dependent on third-party intermediaries just to get their transactions included onchain.

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, OFAC sanctions Sinaloa Cartel’s crypto laundering group, the Venezuelan government shuts down a 4,000 ASIC mining farm, and Brazil’s Bradesco enters the crypto custody business.

The announcement was made during the 8th EU-Mexico summit, where Mexico and the EU signed a trade agreement to decrease dependence on the U.S. The two governments would be focused on cooperating to curb this kind of crypto-linked illicit activity.

The Abolish Super PACs Act, introduced in the House and Senate, would cap individual super PAC donations at $5,000 amid growing concerns over crypto-backed campaign spending and other independent election expenditures.

Coinbase CEO Brian Armstrong identified eight finance priorities, including tokenization, stablecoins, AI, and capital formation. He said the system still needs technology and policy work to broaden access and modernize markets.

Oil markets slid over the Memorial Day weekend as President Trump said a deal to reopen the Strait of Hormuz is “largely negotiated,” pulling Brent crude below $99 while bitcoin held near $77,000 with U.S. stock exchanges shuttered for the holiday.