Linera Launches Babbage Testnet

May 28: Strategy founder Michael Saylor shared insights on "HODL" — a widely known crypto acronym short for "Hold On for Dear Life" — urging investors to hold Bitcoin firmly amid the ongoing market downturn. HTX market data indicates Bitcoin declined again on May 28, slipping below the $73,000 threshold. Concurrently, Strategy’s Bitcoin holdings have flipped from net profit to an unrealized loss of roughly 3%, equivalent to approximately $1.92 billion. As of May 25, 2026, the firm holds a total of 843,738 BTC, with a combined acquisition cost of around $63.87 billion, translating to an average purchase price of roughly $75,700 per BTC.

On May 28, Garrett Jin, an agent with BTC OG Whale Insider, released the Weekly Market Signal Strategy report, noting that geopolitical developments and the U.S. dollar are stuck in a stalemate. The Strait of Hormuz situation remains unresolved after the U.S. took targeted action against Iran. While U.S. Secretary of State Pompeo referenced “good news,” the White House rejected Iran’s draft peace agreement. U.S. 10-year Treasury yields continue hovering near a 19-year high, sitting in the 5.07–5.18% range. The S&P 500 index briefly hit a new peak before a sharp pullback. Garrett Jin believes no single catalyst will break the current market impasse, and a true turning point will only emerge when at least two of three factors converge: credit conditions, Federal Reserve policy, and geopolitical shifts. Additionally, AI-related capital spending is spreading rapidly from the U.S. to Asia. ByteDance’s capital expenditure is expected to surge to a record $70 billion this year, with Ten

May 28 – The Hong Kong Judiciary announced plans to launch the Hong Kong International Commercial Court (HKICC) under the High Court, a specialized court dedicated to resolving high-value, complex international and cross-border commercial disputes, with judgments enforceable in Mainland China. As a branch of the High Court, the HKICC’s establishment is authorized by the legal framework outlined in the High Court Ordinance and the High Court Rules. To align with global practices and reflect the international, cross-jurisdictional nature of its cases, the HKICC will widely adopt technology in case processing — including remote hearings, electronic filings, e-bundling, and voice-to-text transcription systems — to boost judicial efficiency.

On May 28, Bitget announced via an official statement that it has launched U-based CTR perpetual contracts and SNOW (Snowflake Inc.) stock contracts, both supporting up to 20x leverage. For full details, please visit Bitget’s official platform.

On May 28, VanEck’s tokenized U.S. Treasury bond fund VBILL launched on the decentralized lending platform Euler. Issued by Securitize, the fund enables investors to use tokenized U.S. Treasury bonds as collateral for on-chain borrowing and liquidity provision, while upholding the compliance limits tied to the asset. Earlier this year, Euler integrated Securitize’s DS Protocol, which lets tokenized securities interact with lending markets while preserving investor qualification standards and transfer restrictions.

May 28th: Serenity, the widely-touted "New Stock Guru", released an evaluation of its core holding SIVE (Sivers Semiconductors AB). Ayar Labs announced a partnership with Wiwynn today, a development that could carry material implications for SIVE as the industry shifts toward Co-Packaged Optics (CPO) for rack-level deployments. Wiwynn’s cloud clients include Amazon, Meta, and Microsoft; it’s also in active discussions with Google for TPU deployment. Per their reference architecture, each rack requires 512+ Supernova light sources. If SIVE becomes the primary laser array supplier as expected, even moderate-scale rack deployments would unlock substantial revenue potential. Serenity further noted that this remains in the early commercialization phase for SIVE, Ayar, and Wiwynn’s rack-level CPO solution, so it has not yet appeared on SIVE’s financial statements. Even so, the partnership has opened a critical channel for large-scale CPO adoption, serving as a clear supply chain-level signa