Live Feed

U.S. prosecutors have arrested and indicted a Google security engineer, Michele Spagnuolo, on charges of insider trading on the prediction market Polymarket, CoinDesk reported. Spagnuolo allegedly used a non-public internal Google tool to access a list of the most-searched individuals of 2025 before placing bets based on that information. Prosecutors claim he illegally used data unavailable to the public to secure over $1.2 million in illicit profits. He is also accused of attempting to conceal the origin of the funds to launder the proceeds, ultimately transferring the money to a payment processing account in Italy. This marks the second arrest by U.S. prosecutors related to insider trading on prediction markets, following the case of a U.S. soldier who was arrested for betting on a Venezuelan presidential operation.

A Reddit user has argued that a classic "altseason" is unlikely to return due to a structural shift in the cryptocurrency market's liquidity. According to the post, prior to 2022, funds from retail investors flowed into exchanges and on-chain ecosystems, cycling from gains in BTC and ETH into small and mid-cap altcoins. However, the user explained that capital now primarily enters the market through regulated financial products such as ETFs, corporate treasuries, and custodial institutions. This institutional capital does not rotate into arbitrary altcoins, making a market-wide rally where hundreds of tokens rise simultaneously less likely than in the past. The user also pointed out that liquidity has become even more fragmented due to the explosive increase in the number of tokens since 2021 and the dominant role of AI, bots, and MEV in market participation.

Major exchanges have seen $121 million worth of futures liquidated in the past hour. In the past 24 hours, $407 million worth of futures have been liquidated.

The monthly payment volume for cryptocurrency-linked debit and credit cards has increased by approximately 230% compared to last year, according to The Kobeissi Letter. The current monthly transaction value is now around $7.8 billion. The report attributes the rapid adoption of crypto cards to the growing use of stablecoins as a payment rail. Visa reportedly handles about 90% of all crypto card transactions through collaborations with on-chain companies such as Jupiter Global. Meanwhile, OKX launched a Mastercard-based stablecoin payment card in Europe earlier this year. Visa and Stripe subsidiary Bridge have also announced plans to introduce stablecoin cards in more than 100 countries.

Users on the decentralized prediction market platform Myriad are increasingly weighing the possibility of a short-term decline for ETH. The market currently sees a drop to $1,500 as more likely than a rebound to $3,000, with the probability of bets on a $1,500 price point rising by over 13% in the past week to 63%. ETH is currently trading around $2,000. This sentiment comes as spot ETH ETFs have experienced 11 consecutive days of outflows, with approximately $500 million withdrawn during that period. Meanwhile, Ryan Rasmussen, Head of Research at Bitwise, commented that while the crypto market is in a "bear market phase," institutions are still continuing to build Ethereum-based infrastructure.

The White House has begun reviewing a regulatory proposal from the U.S. Commodity Futures Trading Commission (CFTC) concerning prediction markets. According to The Block, the White House Office of Information and Regulatory Affairs (OIRA) received the CFTC's proposed rules for event contracts on May 27 and is now reviewing them. U.S. President Donald Trump has previously voiced public support for the CFTC having exclusive jurisdiction over these markets. However, the proposal faces opposition from some state governments, which argue that platforms like Kalshi and Polymarket are circumventing sports betting and gambling regulations. A legal dispute over this regulatory authority is currently underway in federal court.

Federal Reserve Governor Lisa Cook stated on May 27 that she is prepared to raise interest rates if inflation continues to move in the wrong direction. Speaking at a Stanford University event, Cook noted that while her current inclination is to hold borrowing costs steady and she anticipates price increases will slow again in the coming months, the risks remain tilted toward higher inflation. She pointed out that with inflation running above the Fed's 2% target for five years, there is a danger of price pressures becoming entrenched in wage and price-setting behavior. Cook reiterated her readiness to hike rates if the expected disinflation does not materialize in a timely manner. Her comments align with the view of many Fed officials who consider accelerating inflation a greater policy concern than the labor market.

U.S. President Donald Trump's recent comments supporting the Commodity Futures Trading Commission's (CFTC) role in prediction markets are unlikely to significantly impact the ongoing legal dispute, according to an analysis by TD Cowen. The Block reported that while Trump has argued the CFTC should have exclusive authority over these markets, TD Cowen predicts the jurisdictional battle over prediction markets and sports betting will likely reach the Supreme Court. The report also noted that state governments, which currently regulate sports gambling, hold the advantage for now, and the related lawsuits could take more than two years to be fully resolved.

The U.S. government has transferred approximately $1.9 million worth of altcoins linked to the seized assets of Alameda Research to a Coinbase Prime address. According to on-chain data, the transferred assets include RNDR, UNI, SAND, MASK, and AXS. These funds are reportedly from an Alameda-affiliated Binance account seized by the U.S. Department of Justice (DOJ) in 2023. While the market is monitoring for a potential sell-off, some observers suggest the transfer could be for routine asset management or a custody change, given the relatively small amount.

The three major U.S. stock indices closed higher today. - S&P 500: +0.04% - Nasdaq: +0.07% - Dow Jones: +0.39%

Nasdaq-listed Bitcoin miner Hut 8 (HUT) is reportedly considering using its BTC holdings as collateral to expand its AI data center business. According to reports, Hut 8 is exploring the possibility of raising funds with its BTC to increase investment in AI and high-performance computing (HPC) infrastructure. The company explained that in addition to its mining operations, it is expanding its presence in the AI data center and power infrastructure sectors and is looking for ways to use BTC as a strategic financial asset.

U.S. Federal Reserve Governor Lisa Cook said she is prepared to raise interest rates if the expected slowdown in inflation does not materialize in a timely manner.

According to Santiment, the total amount of ADA held by wallets with over one million ADA has reached 25.11 billion ADA, marking its highest level since December 2017. The share of the ADA supply held by these large addresses now stands at 67.49%, the highest since July 2020. Santiment noted that this sustained accumulation by major stakeholders signals market confidence and could be interpreted as a long-term bullish indicator.

United Texas Bank (UTB) has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert from a state bank to a federally chartered institution, CoinDesk reported. UTB stated that this transition grants it direct access to the Federal Reserve's payment network, positioning it to become a key bank connecting cryptocurrency firms with the U.S. financial system. The company added that it currently processes $10 billion in dollar payments per month for global crypto businesses. UTB also announced plans to launch "UTB Atomic," an AI-based real-time payment network, and "UTB Prism Sentinel," an AML/BSA monitoring platform. The bank further explained it intends to expand its custody and trust services to comply with potential regulatory frameworks for stablecoins and digital assets, such as the CLARITY Act and the GENIUS Act.

Cash App, the payment platform from Jack Dorsey's Block, has begun supporting USDC stablecoin transfers on networks including Ethereum, Solana, Polygon, and Arbitrum. There are currently no transfer fees. The app automatically converts any received USDC into a user's dollar balance. However, the service is not yet available to users in New York, and all users must complete an identity verification (KYC) process.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Strive's SATA has raised enough funds in a single day to purchase 396 BTC. This amount surpasses the previous weekly record in just two trading days. Furthermore, the total raised this week has expanded to a level capable of acquiring up to 798 BTC, and the amount is reportedly still increasing.

U.S. Senator Cynthia Lummis has stated that if the Clarity bill is not passed, American developers could once again face prosecution in the near future simply for publishing code, BitcoinNews reported. She added that this issue is at the core of the proposed legislation.

Elon Musk is discussing a potential merger between Tesla and SpaceX, CNBC reported. If the deal proceeds, the combined entity would become the fifth-largest publicly traded company in the world by Bitcoin holdings, with its BTC assets valued at approximately $3.3 billion. Currently, Tesla holds 11,509 BTC and SpaceX holds 18,712 BTC. A unified company would possess a total of 30,221 BTC.

The number of Worldcoin whale transactions has surged to 64 over the past 24 hours, marking a new high for the year, according to data from Santiment. Network activity has also seen a significant uptick, with active addresses reaching 1,309—the second-highest figure this year. The creation of new wallets hit 379 in the same period, also setting a new yearly record. A simultaneous increase in whale activity, active addresses, and new wallets typically signals growing participation from both large-scale and retail investors.

U.S. President Donald Trump said that while a war with Iran could be ended quickly, and might have to be, he does not believe it will be necessary.

U.S. President Donald Trump said the United States will continue to maintain its freeze on Iranian assets.

The Total Value Locked (TVL) in Ondo Finance's stock tokens has surpassed $1.17 billion, setting a new all-time high, Odaily reported. The figure represents a 42.3% increase over the past month and an 11% increase over the past week.

U.S. President Donald Trump stated on May 27 that he is not yet satisfied with the progress of nuclear negotiations with Iran. Speaking at a White House cabinet meeting, Trump said that while he believes Iran is eager to make a deal, an agreement has not yet been reached. He expressed confidence that a satisfactory outcome would eventually be achieved but added that if a deal is not made, the U.S. might have to take other actions to "finish the job."

Aztec Labs, an Ethereum privacy-enhancing Layer 2 project, has acquired identity verification solution ZKPassport, The Block reported. The entire ZKPassport team, including co-founders Michael Elliott and Theo Mazu, will join Aztec Labs. ZKPassport is a tool that uses Zero-Knowledge Proof technology to allow users to prove specific attributes, such as nationality or age, without revealing their actual personal information. It works by scanning a passport with a smartphone's NFC chip to generate an encrypted signature.