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The US Department of Justice charges former Cuban leader Raúl Castro, Trump administration increases pressure on Cuba

58 minutes ago

May 21 — The U.S. Department of Justice has formally indicted former Cuban leader Raúl Modesto Castro Ruz, charging him in connection with the 1996 incident where Cuban fighter jets shot down two humanitarian aid planes, killing four U.S. nationals, three of whom were American citizens. Raúl Castro, the brother of former Cuban leader Fidel Castro, served as Chairman of Cuba’s State Council from 2008 to 2018. This legal move is the latest escalation in the Trump administration’s "maximum pressure" campaign against the Cuban regime. Previously, the administration imposed sanctions on Cuba’s military and intelligence sectors and repeatedly urged Cuban leaders to end what it calls oppression of the Cuban people and negotiate an agreement with the United States. Cuban President Miguel Díaz-Canel fired back on social media, claiming the U.S. charges expose the arrogance and frustration of an imperialist power facing the unwavering resolve of the Cuban Revolution and the unity and moral strength of its leadership. He labeled the action a politically motivated move with no legal basis. Notably, outgoing President Biden delisted Cuba as a "State Sponsor of Terrorism" and scrapped Trump-era Cuba policy memos before leaving office. But on his January 2025 inauguration day, Trump reinstated Cuba’s "state sponsor of terrorism" designation and rolled out stricter National Security Presidential Memoranda. Most recently, the Trump administration sanctioned entities including GAESA, a group controlled by Cuba’s military, accusing it of enriching itself through corruption rather than benefiting the Cuban public. The White House statement also hinted at the potential for military action against the Cuban regime, emphasizing President Trump’s determination to counter foreign national security threats. It cited past successful military operations: capturing Venezuelan dictator Nicolás Maduro and eliminating Iran’s nuclear weapons capability.
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SpaceX IPO Prospectus Reveals Deep Ties to Musk's Companies, with Tesla Holding Nearly 19 Million SpaceX Shares

May 21: SpaceX’s initial public offering (IPO) prospectus, filed via regulatory Form S-1, lays out sweeping business and equity overlaps across Elon Musk’s portfolio of companies. The 330-page document references “Tesla” 87 times, “xAI” 356 times, and “X” 267 times. On the equity front, Tesla holds roughly 19 million shares of SpaceX’s Class A common stock, representing less than 1% of outstanding shares. Back in February, Musk merged his AI firm xAI into SpaceX, with Tesla’s original xAI holdings converted into SpaceX stock as part of the transaction. Businesswise, SpaceX acquired $131 million worth of Cybertrucks from Tesla at the manufacturer’s suggested retail price (MSRP). Earlier reports noted SpaceX purchased 1,279 Cybertrucks in the fourth quarter of 2025, and the new prospectus hints the actual total may be even higher. Separately, SpaceX spent $697 million on Tesla’s Megapack energy storage batteries in 2024 and 2025 to power peak demand at its Colossus I and II data ce

6 minutes ago

Yesterday, the US Bitcoin spot ETF saw a net outflow of $70.5 million, while the Ethereum spot ETF saw a net outflow of $28.1 million.

May 21: Per Farside’s data, U.S. spot Bitcoin ETFs logged net outflows of $70.5 million yesterday. Breakdown: BlackRock’s IBIT: -$61.5 million; Fidelity’s FBTC: -$10.1 million; Morgan Stanley’s MSBT: +$1.1 million. Separately, U.S. spot Ethereum ETFs saw net outflows totaling $28.1 million yesterday. Breakdown: BlackRock’s ETHA: -$30.9 million; BlackRock’s ETHB: +$4.4 million; Fidelity’s FETH: -$1.6 million.

6 minutes ago

Purchased 158,100 HYPE Tokens with a value of $8.8 million through a Galaxy Digital-affiliated wallet

Per LookOnChain monitoring, a wallet linked to Galaxy Digital purchased 158,100 HYPE over the past two hours on May 21, worth $8.8 million. Separately, a newly created wallet withdrew 536,247 HYPE from Coinbase in the last two days, totaling $29.87 million.

6 minutes ago

HashKey Exchange Launches Spot Grid Trading Feature

May 21 – Hong Kong-listed firm HashKey Holdings Limited (HKEX: 3887.HK) has announced that its licensed virtual asset trading platform, HashKey Exchange, is launching Spot Grid Trading. This new user-facing feature lets traders set and execute conditional orders within a custom-specified price range, giving users full control over every aspect of their trading strategy: plan creation, parameter configuration, activation, adjustment, performance monitoring, and termination. The initial rollout covers mainstream digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Chainlink (LINK), supporting seven spot trading pairs priced in USDT and USD. Notably, USDT-based trading pairs are restricted to professional investors, while USD pairs are accessible to all eligible users. Looking ahead, HashKey Exchange plans to expand its product ecosystem, add more supported trading pairs, and introduce additional order functions to provide users with more comprehen

6 minutes ago

Binance to List SpaceX (SPCX) Pre-IPO Perpetual Futures Trading

May 21: According to official sources, Binance will launch trading for USDT-margined SpaceX (SPCX) Pre-IPO perpetual contracts at 12:45 a.m. Beijing time. The maximum leverage allowed for these contracts is capped at 5x.

6 minutes ago

preOPAI is currently trading at $902, with a 24-hour change of +4.25%.

May 21: According to Bitget market data, preOPAI is currently trading at $902, with a 4.25% change over the past 24 hours. Its intraday high hit $905, and trading volume stands at approximately $896,000.

6 minutes ago