Trump Pushes Iran Ceasefire as Wall Street Posts Record Highs and Main Street Bleeds
Key Takeaways The S&P 500 closed at a record 7,592 on May 29, extending its winning streak to nine straight weeks. University of Michigan consumer
Bitcoin Climbs Above $74,000 After Trump Signals Strait of Hormuz Shipping Restart
Key Takeaways Bitcoin rebounded past $74,000 on May 29 after a sharp intraday drop to a multiweek low of $72,395. Donald Trump’s post on Truth
$1.5 Million Wiped Out as Hyperliquid’s SpaceX Pre-Market Perpetual Flash Crashes 45%
Key Takeaways The SPACEX-USDH contract on Hyperliquid plunged 45% on May 28, dropping from $2,277 to $1,254. Thin liquidity triggered $1.51 million in liquidations across
CFTC Takes Historic Step to Approve First True US Bitcoin Perpetual
Key Takeaways Historic CFTC approval opens the door for regulated bitcoin perpetual trading. Offshore-dominated crypto derivatives markets now have a U.S. regulatory pathway. Additional products
SEC Grants Paxos Historic Approval to Clear and Settle US Equities on Blockchain
Key Takeaways The SEC has approved Paxos Securities Settlement Company to operate as a registered clearing agency. The regulatory milestone enables Paxos to deliver same-day
Wall Street Embraces Binance as Vaneck Launches First US Spot BNB ETF
Key Takeaways Vaneck’s VBNB fund debuted on the Nasdaq on May 28 with $1.02 million in initial net assets. Anchorage Digital Bank provides custody for
NYSE Parent ICE Explores Potential Collaboration With Decentralized Exchange Hyperliquid
Key Takeaways ICE CEO Jeff Sprecher recently praised Hyperliquid, hailing the platform as bigger than Nasdaq. The CME and ICE lobbied the CFTC last month
SEC Clears BlockShoals-Binance Sandbox, Sets 90-Day VASP Integration Before User Onboarding
The Securities and Exchange Commission (SEC) has granted final approval to BlockShoals Technologies Inc. to initiate live operational testing under the regulator’s “StratBox” regulatory sandbox
Sui Network Suffers 6-Hour Outage Following 1.72 Upgrade Bug
Key Takeaways Sui mainnet stalled for exactly 5 hours and 55 minutes on May 29, resulting from a bug in the Sui 1.72 release, which
Terawulf Expands AI Strategy With 1GW Data Campus and $3B Backing
Key Takeaways Terawulf bought a Kentucky AI campus targeting 1GW of HPC capacity by 2030. Terawulf shares jumped 13.6% as AI revenue surpassed bitcoin mining