Nominal Value of $7.5 Billion Crypto Options Set to Expire Tomorrow, BTC’s Key Support at $75,000

May 28 — Markets remain fixed on two core concerns: renewed inflation pressures and prolonged geopolitical unrest. Federal Reserve Governor Cook has stated she would support further interest rate hikes if inflation fails to cool as projected, signaling growing internal acceptance within the Fed for a “higher for longer” rate policy stance. From energy prices to AI-related capital expenditures to global supply chain costs, investors are increasingly worried a new wave of reflation is taking shape. Turning to the Middle East: While diplomatic talks drag on, military conflict has not eased. U.S. forces have again targeted Iran-linked military sites, and standoffs between drones and commercial shipping persist around the Strait of Hormuz. Former President Trump has reiterated he will not ease sanctions on Iran, nor allow Tehran to gain control of the strategic waterway. That means even as some in the market hold out hope for a near-term ceasefire, energy supply chains and global shipping

May 28 marked a key point for Ether (ETH), as the crypto asset fell below the $2,000 threshold for the first time since March this year. Over the past seven days, ETH has shed nearly 8% in value, with a more than 5% drop in just the last 24 hours. Meanwhile, open interest (OI) for ETH futures has climbed for three consecutive days, hitting an all-time high of 16.39 million ETH, equivalent to roughly $32.5 billion in nominal terms. Analysts interpret the continued rise in OI amid spot price declines as a sign of increasingly aggressive leveraged shorting in the market. 10x Research founder Markus Thielen noted that more investors are abandoning ETH, citing the cryptocurrency’s lack of cash flow generation. Adding to that pressure, rising U.S. bond yields are making staking yields on ETH far less attractive. Compounding these headwinds, U.S. spot ETH ETFs saw $401 million in net outflows this month—a full reversal of April’s $354 million net inflow. Market sentiment has also soured du

May 28 – U.S. President Donald Trump has filed a $10 billion defamation lawsuit against *The Wall Street Journal* and its parent company News Corporation, targeting an article focused on his ties to Jeffrey Epstein. A prior lawsuit over the same allegations was previously dismissed by a judge. The revised complaint was submitted late Wednesday evening in a Florida federal court, just ahead of the deadline set by the judge for refiling the case. The initial suit was thrown out after a judge ruled Trump failed to meet the strict standard for public figure defamation claims: proving the article was published with "actual malice" toward him. The latest lawsuit centers on a July 2025 WSJ article that alleged Trump sent a "vulgar" birthday card to Epstein in 2003 – a claim Trump has repeatedly called untrue. (FxStreet)

May 28 – Sources told Reuters that ByteDance is developing its own central processing unit (CPU) to address the growing demand for its artificial intelligence (AI) infrastructure. The Chinese tech giant’s expansion plans are being constrained by recent surges in chip prices and long-term supply shortages. This move underscores the industry’s acceleration toward the “inference” stage of AI, which has drastically increased CPU demand and led to a CPU shortage in recent months. Sources added that ByteDance plans to deploy its in-house developed CPUs in servers and data centers to support internal operations and prepare for the large-scale launch of its proxy products, including the Coze platform. ByteDance is advancing along two CPU architecture paths: one based on the Arm architecture, and the other built on the open-source RISC-V instruction set architecture. The company is evaluating which design is more suitable for its long-term data center needs. Currently, ByteDance procures CPUs

On May 28, Hyperinsight (via its Telegram monitoring channel at https://t.me/HyperInsight) reported that HYPE is bracing for its largest single-day token unlock in the near term. Over the next 24 hours, 4.33 million HYPE tokens will be unlocked, valued at roughly $246 million—equal to about 1.95% of the token’s current circulating supply. Looking ahead to next week, the next major unlock is set for June 2, when 2.07 million HYPE tokens will be released, worth approximately $117 million. Additionally, the HyperInsight Bot is now live. To integrate it into your Telegram community, add @HyperInsightBot as a member, then assign it admin privileges (ensure message sending permission is enabled) to automatically sync on-chain data to your group.

On May 28, per Bitget data, the Nikkei 225 Index fell 0.47% to 64,693.12 points, while South Korea’s KOSPI Index declined 0.53% to 8,185.25 points.