Trump: I Saved the U.S. Cryptocurrency Industry and Will Establish a "Forward-Looking" Market Structure Framework
On May 28th, Donald Trump took to social media to post:
“Former SEC Chair Gary Gensler and his so-called ‘anti-crypto army’ nearly wrecked the entire U.S. cryptocurrency industry. They pushed Bitcoin, crypto perpetual contracts, and all crypto innovation overseas — but I saved it, every single bit of it. Today, the U.S. is the undisputed ‘crypto capital of the world,’ and top builders and entrepreneurs are flocking back to America in droves.”
“Under my leadership, we will put in place a forward-looking, future-oriented digital asset market framework that crypto adversaries will never be able to easily overturn. The next big frontier of finance is being built right here in the United States — and I will never let the crypto industry down, nor let unfair attacks derail its growth on my watch.”
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Bitcoin Mining Firms Ride AI Business Transformation Trend, Cipher and Hut 8 Stocks Hit All-Time High
May 28. Traditional Bitcoin mining companies, after transitioning to artificial intelligence, hyperscale computing, and data center infrastructure, held strong market momentum this Wednesday. A string of related stocks notched double-digit gains: IREN led the sector with a more than 13% price jump, nearing a new all-time high, while Cipher Digital and Hut 8 even hit fresh record highs.
This trend has persisted over recent months: firms that once focused solely on Bitcoin mining are now shutting down portions of their mining operations and reallocating resources and capital to AI power and computing infrastructure. Many investors today view these new business initiatives as far more attractive than traditional mining activities.
1 minutes ago
Pump.fun transferred 100,628 SOL to Kraken, worth approximately $8.32 million
May 28 Update: Per on-chain analytics platform cinderfy, Pump.fun transferred another 100,628 SOL (about $8.32 million) to crypto exchange Kraken just one hour ago. Year-to-date 2024, Pump.fun has sold a cumulative total of 4.54 million SOL from transaction fee revenue, totaling approximately $791 million at an average price of around $174 per SOL.
1 minutes ago
Whale Evaded Goes Short with 25x Leverage on 12,600 ETH, Entry Price at $2033.31
Per OnchainLens monitoring on May 28th, whale trader Evaded (@ICanPlug) has opened a new 25x leveraged short position for 12,600 ETH at an average entry price of $2033.31. The trader continues to hold a 30x leveraged short position on 960 BTC, with their combined floating profit totaling over $1.6 million.
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A Google Engineer Accused of Insider Trading on Polymarket, Profiting $1.2 Million, is Being Sued
May 28 — U.S. federal prosecutors told The Wall Street Journal this week that a Google software engineer is facing fraud and money laundering charges for allegedly trading illegally on Polymarket prediction contracts to pocket $1.2 million in illegal profits.
36-year-old Michele Spagnuolo is accused of leveraging confidential, non-public Google data—restricted to only a small group of Google employees at the time—to place bets last year, according to a newly unsealed criminal complaint. The complaint states Spagnuolo accessed Google’s secret "Year in Search 2025" data, which revealed musician Kendrick Lamar and d4vd were leading search candidates. He made large bets, including one predicting d4vd would become the year’s most-searched person; both Lamar and d4vd ultimately landed in the top five of the annual search rankings.
Spagnuolo was released on a $2.25 million bail package, including $1 million in cash, with $50,000 due immediately Wednesday. Prosecutors allege that after cashi
1 minutes ago
A Whale Ends 2-Year Dormancy, Moves 3466 ETH to Kraken
Per Onchain Lens monitoring on May 28, a crypto whale dormant for two years has "awakened," transferring 3,466 ETH worth approximately $7 million to Kraken.
1 minutes ago
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