RUSSIA TO BE INCLUDED IN G20 SUMMIT INVITATIONS, US OFFICIAL SAYS

The preliminary reading of the S&P Global Composite PMI for April in the United States was 52.0, a three-month high; the preliminary reading of the Services PMI was 51.3, a two-month high. The preliminary reading of the Manufacturing Output Index was 55.7, a 48-month high; the preliminary reading of the Manufacturing PMI was 54.0, a 47-month high.

Regulation & Policy - Kalshi penalizes three US congressional candidates for wagering on own campaigns - New York Governor Hochul targets prediction markets amid growing concerns of insider betting - TD Cowen flags five hurdles to crypto bill beyond stablecoin yield issue - Crypto bill nears stablecoin rewards breakthrough as talks hit “good spot,” but ethics concerns set to resurface - UK FCA carries out first crackdown on illegal peer-to-peer crypto trading - Russia passes crypto bill in first reading; permits use in foreign trade settlements Market & Institutional - GSR enters crypto ETF field with actively managed multi-asset fund tracking Bitcoin, Ethereum and Solana - Eric Trump’s American Bitcoin rises 12% amid increase in BTC mining capacity - Binance.US slashes trading fees across listed cryptocurrencies in a bid to attract users - B2B stablecoin tech provider Infinite rolls out banking services powered by Thiel-backed Erebor Bank Infrastructure & Development - Kalshi taps Pyth for new “Commodities Hub,” offering gold, oil and lithium markets - Input Output proposes scaled-back Cardano treasury plan ahead of Leios mainnet push - Coinbase-incubated Base launches Azul testnet upgrade with multiproofs to advance decentralization - Onchain vault provider Upshift taps Securitize Fund Services for third-party reporting reporting - a16z crypto-backed Gensyn launches Delphi, an AI-settled information markets platform Corporate & People - MetaMask co-founder Dan Finlay announces departure from Consensys - Justin Sun sues World Liberty Financial over WLFI token freeze, governance exclusion Legal & Risk - SocialFi app Believe founder arrested on strangulation charges following rug pull lawsuit - Armed intruders force French family to transfer $820,000 in crypto: report - Sam Bankman-Fried withdraws new trial motion for now, says he won’t get “fair hearing" from judge