News linked to this event type.
Bowman believes that when conflicts arise between inflation and employment objectives, a more “flexible” balancing approach should be adopted rather than prioritizing one objective exclusively. While policymakers should moderately “look through the noise” when identifying “transitory inflation shocks,” they must also remain vigilant against the secondary impact of persistent conflicts on inflation expectations. She reiterated that policy must maintain transparency and consistency to uphold the Federal Reserve’s credibility and policy effectiveness.
According to Fortune, U.S. prosecutors this week charged Michele Spagnuolo, a 36-year-old Italian software engineer at Google currently residing in Switzerland, with insider trading. Prosecutors allege that under the online alias “AlphaRaccoon,” Spagnuolo placed bets on the prediction market platform Polymarket—using internal Google search trend data—before the public release of Google’s “Search of the Year 2025” data, netting over $1.2 million in profits. The FBI identified Spagnuolo by tracing cryptocurrency payments. Google has suspended him and stated that betting using confidential information constitutes a serious violation of company policy. Spagnuolo is charged with violations of the U.S. Commodity Exchange Act, wire fraud, and money laundering, and faces potentially multiple years of imprisonment.
Odaily News “1011 Insider Whale” agent Garrett Jin pointed out in his latest market commentary that, against the backdrop of the Middle East conflict, the Strait of Hormuz has been effectively “blockaded” for three months. However, the market has already become “desensitized” to this geopolitical risk, and the AI narrative is reshaping traditional risk pricing logic. As a result, AI is significantly weakening the market's sensitivity to oil prices and geopolitical shocks. Since the emergence of ceasefire signals, U.S. stocks have “decoupled” from energy shocks, with gains in chip and tech stocks offsetting the impact from the energy sector, leading the market to gradually overlook the Strait of Hormuz risk. Nevertheless, he cautioned that the AI sector faces short-term risks of overvaluation and crowded trades, and a pullback could occur at any time.In the energy market, the earlier assessment that the Strait of Hormuz risk had not been fully priced in has proven correct. Oil prices had risen due to supply shock expectations, but peaked and then declined following the release of strategic reserves and the U.S. intervention as a “supplier of last resort.” A successful exit was achieved on April 29-30. He believes the current risk-reward ratio for oil prices is no longer attractive.On the macro and equity market front, U.S. households' holdings of stocks as a percentage of financial assets have reached approximately 47%, surpassing the level seen during the internet bubble era. This means a market downturn would, in turn, constrain policy. The VIX volatility index triggered different policy shift thresholds around 30 and 50, reflecting a “risk-off driven policy” characteristic.In the gold market, the recent pullback in gold is not due to the fading of a war premium but rather changes in long-term structural demand. Since 2022, central banks globally have been purchasing gold at an average annual rate of over a thousand tons, primarily for de-dollarization and hedging against sanctions risks. He defines gold as “an ultimate exit tool outside the dollar system” rather than a mere safe-haven asset.In the crypto market, the liquidity inflection point occurred last October, with funds flowing more toward AI assets, leading to a periodic drain from the crypto market. However, he believes the market is currently in a cyclical bear phase. Rebound rallies exist, but they do not equate to the start of a new bull run. The market must wait for liquidity to restart in a new cycle. The AI era is emerging as the dominant capital narrative. Even if a bubble exists, the structural opportunities it brings represent “a rare window of opportunity for ordinary investors.” Nevertheless, market cycle discipline should not be overlooked.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is calling on regulators to create a level playing field, allowing licensed institutions to offer around-the-clock on-chain perpetual contracts. ICE executives stated that while platforms like Hyperliquid are already conducting such trading, traditional institutions are restricted by regulations and unable to follow suit.ICE has engaged in discussions with Hyperliquid to explore areas of synergy between traditional finance and the crypto industry. Additionally, ICE recently partnered with OKX to launch crude oil-related perpetual contracts, while also teaming up with institutions to build a blockchain-based securities trading system, comprehensively deploying 24/7 on-chain trading operations. (Cointelegraph)
According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.
According to Decrypt, the Kyiv Regional Prosecutor’s Office in Ukraine has completed a pre-trial investigation into a criminal gang led by two former police colonels and comprising four other former police officers and one civilian with a criminal record. Using their law enforcement skills and official resources, the suspects posed as police officers to stalk, kidnap, and threaten at least four cryptocurrency entrepreneurs with firearms, forcing victims to sign forged debt documents and extorting approximately $2.2 million in total. One victim was coerced into signing a fake “debt agreement” for $5 million. The gang was arrested in November 2025, and the case has been referred to court.
: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)
the Kyiv Regional Prosecutor's Office in Ukraine stated it has completed a pre-trial investigation into a criminal group, which includes four former police officers and a civilian with a criminal record, suspected of kidnapping a crypto entrepreneur and extorting over $2.2 million through violence, intimidation, and false debt claims.The prosecutors allege that the individuals involved targeted at least four victims, using law enforcement skills, official vehicles, and police identity disguises to commit the crimes, forcing victims to hand over funds and sign documents for non-existent debts. In one case, a victim from Kyiv was abducted at gunpoint and forced to sign documents for a false debt of $5 million. The prosecutors charged the suspects with forming and participating in an armed gang, kidnapping, illegal detention, robbery, extortion, and illegal possession of drugs. The group's activities were halted in November 2025, all involved individuals have been dismissed from the police force, and the case materials have been submitted to the court. (Decrypt)
Arkham posted on X stating that Nakamoto purchased approximately $679 million worth of Bitcoin at an average price of about $118,000 per BTC and has held it long-term without selling—except for a sale of 284 BTC at roughly $70,000 per BTC three months ago, resulting in cumulative losses of approximately $224 million. It is thus far the worst-performing Bitcoin treasury company. Currently, the market value of Nakamoto’s Bitcoin holdings has declined by over 35%, and its stock price has plunged 99.4%, falling from $1,000 (post-split adjusted) to $5.60. Its actual peak stock price reached only around $30, subsequently dropping below $0.20, prompting a 1-for-40 reverse stock split to comply with Nasdaq listing requirements.
Fed’s Schmidt: May need to consider how to make monetary policy more restrictive. (Jinshi)
According to CoinDesk, prediction market platform Kalshi has filed a federal lawsuit challenging a new Minnesota law set to take effect on August 1 that criminalizes operating, hosting, or promoting prediction market platforms. Kalshi argues the law is unconstitutional, asserting it infringes upon the Commodity Exchange Act’s grant of exclusive federal jurisdiction over derivatives markets to the CFTC and violates the First Amendment by restricting advertising. Earlier, on May 19, the CFTC filed a motion making the same constitutional challenge against the state law. U.S. President Trump has also publicly voiced support for the CFTC’s sole regulatory authority over prediction markets. Kalshi previously secured preliminary injunctions in similar enforcement actions brought by New Jersey and Arizona.
Gate Europe will host the "Capital Social at Money20/20 Europe" industry networking event on June 2, focusing on key topics such as the integration of fiat and digital assets, institutional liquidity, cross-border payments, and institutional-grade settlement. The event is co-organized by Gate Institutional, Gate Fiat, and Gate Pay, and presented together with Utexo, OpenPayd, and CyantArb. It is expected to attract over 150 professionals from the payments, OTC, institutional trading, and fintech sectors.This event will feature in-depth discussions on capital flows in the digital asset era, global payment networks, on-chain settlement efficiency, and institutional infrastructure collaboration. The Gate senior management team and several industry guests will also share the latest trends and practices in areas such as institutional liquidity, fiat infrastructure, and payment synergies.As the European digital asset market continues to mature, institutional demand for compliant payments, stable liquidity, and cross-border clearing and settlement systems is growing rapidly. Gate is steadily advancing its European compliance efforts. Gate Europe, the Malta-based entity under the Gate Group, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance framework.
According to The Block, Base—the Ethereum Layer 2 network operated by Coinbase—has officially activated the Azul upgrade on its mainnet. This marks Base’s first independent network upgrade following its separation from the Optimism Superchain. The Azul upgrade introduces a multi-proof system that combines TEE (Trusted Execution Environment) proofs with zero-knowledge (ZK) proofs, reducing the shortest possible withdrawal finalization time to just one day. Both proof types can independently confirm proposals; in case of conflict, permissionless ZK proofs override TEE proofs—further enhancing the network’s censorship resistance. Additionally, Azul integrates Base into a single execution client, <code>base-reth-node</code>, and introduces a new consensus client, <code>base-consensus</code>, built on OP Kona. Following the upgrade, the number of empty blocks has plummeted from approximately 200 per day to roughly 2 per day, and the network has achieved a sustained peak throughput of 5,000 transactions per second.
Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, analyzed that the current crypto market is operating within a more complex macroeconomic pricing environment. The divergence between the U.S.’s two core inflation indicators is widening: core PCE has risen to 3.3%, while core CPI stands at 2.8%. On the surface, inflation does not appear to be spiraling upward uncontrollably; however, the PCE measure—preferred by the Federal Reserve—remains notably above the central bank’s 2% policy target, thereby eroding market bets on interest-rate cuts.
SUPERFORTUNE AI released a 24-hour investigation update stating that the May 27 GUA security incident was not, as previously suspected, address poisoning—but rather resulted from the leakage of private keys belonging to multi-signature signers. The attacker then forged valid signatures pointing to a malicious address and exploited the “premium address” feature—where the malicious address shared the same first four and last four characters as the legitimate address—to mislead the remaining signers into completing the signing process via the Safe interface.
According to The Block, Jeffrey Sprecher, Chairman and CEO of Intercontinental Exchange (ICE), stated that ICE has met with the Hyperliquid team on multiple occasions to evaluate the possibility of entering the on-chain perpetual futures market—currently dominated by Hyperliquid—and has engaged with regulators to seek a “level playing field” for related business activities. Sprecher said ICE wants clarity on whether such business is legal; if it is, the company is willing to participate further; if not, it questions why existing participants are not subject to equivalent regulatory pressure. The report adds that ICE is also exploring potential synergies between its existing business and the on-chain perpetual futures market.
According to The Block, OKX Ventures and Korean investment securities firm KIS will each invest 80 billion Korean won (approximately $53 million), acquiring 19.6% equity stakes in South Korean cryptocurrency exchange Coinone; the transaction is pending regulatory approval.
OKX Ventures, the investment arm of OKX, announced it will acquire a 19.6% stake in Coinone, one of South Korea's five licensed digital asset trading platforms. Coinone has signed a strategic equity investment agreement with OKX Ventures, Korea Investment & Securities (KIS), as well as Com2uS and its affiliates.OKX Ventures and KIS will each invest 80 billion KRW ($53 million). Upon completion of the investment and receipt of regulatory approval, both companies will each hold a 19.6% stake in the platform. Together, they will become the third-largest shareholders of the South Korean exchange, trailing only Coinone CEO Cha Myung-hoon (27.8%) and Com2uS Holdings and its affiliates (25%).According to the announcement, the investment will be carried out through a combination of purchasing secondary market shares from Cha and Com2uS, as well as subscribing to newly issued shares. (The Block)
according to an official announcement, based on a recent review, Binance will remove the following tokens from its featured list at 06:00 UTC on May 29, 2026: DIGI (MineD), K (Sidekick), SKI (SKIMASKDOG), JOJO (JOJOWORLD), PLAYSOLANA (PlaySolana), 恶俗企鹅 (William Tell Penguin), PAL (Palio), TYCOON (DinoTycoon), HIPPO (sudeng), LN (LnfiNetwork), BNBXBT (BNBXBT), and BOOM (Boom). After removal, withdrawal or sell operations will still be permitted on Binance Alpha.
The Odaily Seer Channel monitoring shows that Polymarket has listed a new prediction event: "Will the U.S. federal government officially issue a $250 bill featuring Donald Trump’s portrait before December 31, 2026?"U.S. Treasury Secretary Scott Bessent confirmed on May 28 that the official design for a $250 bill featuring President Trump’s portrait is ready, in anticipation of the 250th anniversary of the founding of the United States. However, actual progress on the plan is currently blocked by stalled legislative procedures in Congress. According to H.R. 1761, introduced as early as February 2025, issuing this currency requires amending the Federal Reserve Act to authorize the new denomination and to waive the long-standing legal restriction prohibiting portraits of living individuals on U.S. currency. As the bill remains stuck in the House Financial Services Committee, with no substantial floor vote or progress in the Senate, the probability of completing legislation and printing the bill within the remainder of this year is low.The Odaily Seer Channel continues to monitor the prediction market—see the changes before the price is set.