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Crypto

Crypto investment products see bigger net inflows, led by bitcoin rebound

Crypto funds recorded $1.2 billion in net inflows in the week ended April 24, extending inflows to four consecutive weeks. Total assets under management rose to $155.276 billion, the highest since Feb. 1, as bitcoin rebounded above $77,000 for the first time since a February correction. Bitcoin products took in $932.5 million, while Ethereum products saw $192.4 million. Inflows also expanded to Solana and XRP, while multi-asset products saw outflows.

Crypto

Brazil blocks Kalshi and Polymarket, citing investor protection

Brazil has blocked prediction market and betting platforms including Kalshi and Polymarket, saying they did not comply with local derivatives trading rules and could harm investor protection and market integrity. The central bank bans derivatives linked to real or virtual events such as sports, online games and politics. Finance Minister Dario Durigan said about 28 platforms were blocked. Polymarket is already blocked in more than 30 countries.

Industry

U.S. Air Force, Space Force seek record budget increase to counter China space attacks

The U.S. military is accelerating efforts to strengthen space capabilities amid assessments that China has already developed and tested technology to attack the United States and its allies in space. U.S. Space Force officials say China operates the world’s largest space force and has sharply expanded its satellite fleet. The Air Force Department is seeking $338.8 billion for the next fiscal year, including $71.1 billion for the Space Force, up 124 percent.