MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

On May 29, Michael Saylor, founder of Strategy, stated in a post that the Commodity Futures Trading Commission (CFTC)’s latest regulatory guidance will accelerate the development of Bitcoin’s capital markets. The guidance will support core elements including 24/7 trading, allowing Bitcoin (BTC) to function as collateral, perpetual contracts, options, and compliant market access for industry participants. Saylor added that these regulatory measures will benefit Bitcoin holders, underpin Strategy’s (ticker: MSTR) Bitcoin-focused strategy, and position STRC to evolve into a Bitcoin-backed digital credit product.

Per an official announcement dated May 29th, the Sui mainnet has resumed normal operations, with transaction processing and full network activity back to standard function. Both today’s incident and the two network outages that occurred yesterday stem from an interaction bug between the "Address Balance" feature launched in version 1.72 and Sui’s gas fee logic. The fix deployed yesterday was a temporary measure to quickly restore network functionality, but carried a documented low-probability risk of triggering a subsequent outage. Today, a variant of this pre-existing issue activated, leading to another temporary mainnet shutdown. Validators have now successfully deployed a permanent fix; the official statement confirms all known issues tied to the original bug have been fully resolved, and the network has returned to normal operation. The Sui team has noted it will release a detailed incident postmortem report shortly, outlining the root cause of the failures and full remediati

May 29: An agreement between Iran and the U.S. is in the final stages of approval in Iran, though no final decision has been reached yet, according to Iran’s Fars News, per FXStreet.

On May 29, on-chain analyst Excalibur reported that a crypto whale opened a 25x leveraged long position on Hyperliquid, using 12,900 ETH worth roughly $26.1 million. The trade’s average entry price came to $2,011.7, and its liquidation price sits at just $1,967.1—meaning it’s only a $45 gap from the entry level, an extremely tight safety buffer for such a leveraged trade.

**Hyperliquid Policy Center Hails CFTC’s New Perpetual Contract Rules** May 29 – The Hyperliquid Policy Center, a lobbying arm for Hyperliquid, welcomed the Commodity Futures Trading Commission’s (CFTC) latest regulatory moves on Thursday. The actions include the U.S.’s first-ever listed perpetual contract approval, a policy statement outlining perpetual derivatives listing rules, accompanying interpretive guidance, a no-action relief letter, and a staff advisory addressing 24/7 trading, clearing, and settlement. The policy center stated these measures mark regulators’ first clear acknowledgment of perpetual contracts’ legitimacy and core role in price discovery and risk management. It emphasized that prior regulatory ambiguity drove market activity and liquidity offshore, weakening America’s competitiveness in the global derivatives sector. The center also expressed its intention to deepen collaboration with the CFTC to build a regulatory framework applicable to both centraliz

On May 29, HyperInsight’s monitoring shows HYPE has climbed above $65, hitting a brand-new all-time high. The whale address “0x082” that went long on HYPE is now sitting on over $36.7 million in unrealized gains. Meanwhile, another whale—Loracle (@loraclexyz)—is facing more than $34.5 million in unrealized losses from their HYPE short position.