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00:44
IBM announces launch of institutional Bitcoin and crypto wallet
IBM announced on Bloomberg plans to launch Bitcoin and crypto wallets for institutions, and is cooperating with 97 of the world's top 100 banks. (The Bitcoin Historian)
00:41
European Commission: There is currently no risk of aviation fuel shortage, but preparations are being made for all scenarios
(1) Eva Grenčírová, spokesperson for the European Commission, stated at a press conference in Brussels that there is currently no shortage of aviation fuel in the EU, but the Commission is preparing for various situations. (2) Previously, Willie Walsh, Director General of the International Air Transport Association, warned that Europe might begin canceling flights at the end of May due to insufficient aviation fuel, and some Asian countries have already experienced this phenomenon. (3) Grenčírová pointed out that the Middle East crisis does indeed impact the EU market, but the EU has strong crude oil processing and aviation fuel production capacities, and ensuring fuel availability is a priority.
00:41
Lobbying spending by the prediction market industry hits a record high
According to Bloomberg, the prediction market industry is intensifying lobbying efforts in Washington to counter regulatory pressure. In the first quarter of 2026, the industry's lobbying expenditure reached at least $1.84 million, an increase of over 60% year-on-year and a record high. Kalshi registered two new lobbying firms and hired former Obama adviser Stephanie Cutter to strengthen its influence within the Democratic Party. Legislators have introduced more than a dozen bills; some Democrats and Republicans hope to incorporate prediction markets into the gambling regulatory framework, while the industry advocates for continued regulation under the Commodity Exchange Act. Donald Trump Jr. serves as an investor in Polymarket and a strategic adviser to Kalshi.
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