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Polymarket denies implementing full KYC, only requiring some users to verify for the beta product

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May 28 — Josh Stevens, VP of Engineering at prediction market platform Polymarket, refuted a The Information report alleging Polymarket plans to roll out KYC (Know Your Customer) for all users over compliance pressures. Stevens called the report inaccurate, stating Polymarket is only testing a new beta product where a limited subset of beta participants need KYC during the testing phase. The existing core Polymarket platform has no new KYC requirements, and once the beta test wraps up, users will not need to undergo KYC for regular, standard platform usage.
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SEC Chair: Era of Suppressing Crypto Innovation is Over, Will Provide Regulatory Clarity

May 28 — U.S. SEC Chairman Paul Atkins took to social media to issue a statement: “For far too long, the U.S. SEC has clashed with emerging technologies and innovation, pushing countless entrepreneurs and companies to look overseas for opportunities. That era is over.” “Working under President Trump’s guidance, alongside colleagues across the U.S. government and Congress, we are delivering much-needed regulatory clarity for the digital asset market.”

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Spot Gold Breaks Below $4400 per Ounce

On May 28, Bitget market data shows spot gold fell below $4,400 per ounce — the first such dip since March 27. The intraday price plunged more than $50, marking a 1.25% decline.

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U.S. Media: U.S. Military Deployed and Ready to Attack Cuba

May 28 (Politico) — Despite the ongoing tensions with Iran, the U.S. Navy has not scaled back its deployment in the Caribbean. The Pentagon has spent months preparing the forces required to launch an attack on Cuba, with only President Trump’s formal approval pending, as per reports. After economic and diplomatic pressure against Cuba failed to achieve the desired results, Trump has proposed an invasion of the island nation. The U.S. military forces currently assembled in the region — the largest such concentration globally outside the Middle East — are positioned to enable immediate action, laying the groundwork for either seizing Cuban leaders or carrying out precision strikes. U.S. Secretary of State Mike Pompeo stated during a Wednesday Cabinet meeting that Cuba is in a "very difficult situation," labeling it a "failed state" that poses a security threat to the U.S., just 90 miles off American shores. While the current U.S. fleet in the region is slightly smaller than the force d

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Whale Trader nemorino.eth Liquidates ETH Position, Incurs $480,000 Loss

On May 28th, on-chain analyst Ai (@ai_9684xtpa) shared that a two-day Ethereum (ETH) swing trade executed by whale nemorino.eth — valued at $16.74 million total — closed out with a loss eight hours ago. The trader’s average buy price stood at $2,117.46, while their average sell price hit $2,056.86, resulting in an overall net loss of $480,000.

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An a16z-affiliated entity has increased its position by 253,947 HYPE tokens, worth approximately $15.03 million.

On May 28, on-chain analyst Ai (@ai_9684xtpa) reported that an entity affiliated with a16z has received 253,947.43 HYPE tokens from major exchanges and liquidity providers over the past seven hours. The total value of this batch of tokens is $15.03 million, with an average purchase price of $59.2 per HYPE token.

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On-chain Staking Decreases by Over 3.15 Million Coins Following Price ATH, Staking Size Slightly Retreats

May 28: Hyperscreener data shows that after hitting a fresh all-time high (ATH) last week, the on-chain staking volume for Hyperliquid’s HYPE token has dipped. A week ago, on the exact day HYPE reached its ATH, total on-chain staking stood at 434.76 million tokens: the official foundation held 234.42 million staked, while non-foundation addresses accounted for the other 200.34 million. As of now, that total has fallen to 431.61 million tokens—with the foundation’s staked amount at 233.36 million and non-foundation holders at 198.25 million. In the week following HYPE’s ATH, total on-chain staking dropped roughly 3.15 million tokens. Breakdown shows the Hyperliquid foundation unstaked around 1.06 million tokens, while non-foundation addresses pulled approximately 2.09 million in staked HYPE. Per HTX market data, HYPE is currently trading at $58.2, down 3.36% over the past 24 hours. Market analysis suggests that after HYPE’s sharp surge to its new high, some holders unstaked to u

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