「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

May 20: U.S. stocks finished Tuesday’s trading day lower, with the Dow Jones Industrial Average down 0.65%, the S&P 500 falling 0.67%, and the Nasdaq Composite dropping 0.84%. In major tech stock moves: Micron Technology (MU.O) and Intel (INTC.O) each advanced 2%, while Qualcomm (QCOM.O) declined nearly 4%. For cryptocurrency-linked stocks: MicroStrategy (MSTR) fell 1.20%, Coinbase Global (COIN) climbed 2.12%, Core Scientific (CRCL) slipped 0.35%, Sportradar Group (SBET) dropped 1.43%, Bit Mining (BMNR) slid 0.59%, and HYPE Treasury’s PURR surged 12.41%.

May 20 — Unnamed sources told The Wall Street Journal that Goldman Sachs is expected to lead the underwriting for SpaceX’s upcoming initial public offering. While Morgan Stanley is also a lead underwriter on the deal, Goldman will be listed at the top of the underwriters’ section in the prospectus, which could be filed publicly as early as Wednesday. The lineup comes as a surprise, given Elon Musk’s close long-standing ties to Morgan Stanley. Other banks leading the IPO include Bank of America, Citigroup and JPMorgan Chase.

May 20 — Fueled by escalating U.S.-Iran tensions driving energy prices higher, a sell-off in U.S. Treasuries, and mounting concerns over the federal fiscal deficit, the yield on the U.S. 30-year Treasury bond has surged to its highest level since 2007, stoking market anxieties about inflation and prolonged high interest rates. Kevin Wash, set to be sworn in as Federal Reserve Chair later this week, faces dual pressures: the White House has repeatedly pushed for interest rate cuts, while most Federal Reserve policymakers favor keeping rates elevated. In a recent interview, President Trump stated he would “let Wash do what he wants to do,” calling him “very talented.” But just last month, Trump publicly said he would be disappointed if Wash failed to cut interest rates immediately after taking office. Analysts see this shift as signaling the White House is starting to “prepare an exit strategy” to avoid cutting rates in June. Economist Derek Tang noted Trump appears to understand that

May 20. The *Economic Daily* published an article noting that amid intense volatility at historical highs, gold has shifted from a traditional safe-haven asset to one of the world’s most volatile risk assets. Compounding this, there is a sharp divergence in international institutions’ gold price forecasts. Why is gold no longer a reliable safe haven? The piece cites three root causes: First, gold trading is extremely crowded. Second, the transmission mechanism of liquidity shocks has changed. When broad asset sell-offs drive prices down, investors face urgent margin call pressures. Gold’s high liquidity makes it the first asset to get sold off for cash—triggering widespread stop-loss orders and quantitative sell-offs, forming a dangerous negative feedback loop: price drops → sell-offs → further price declines. Third, gold’s core pricing logic has fundamentally shifted, with its correlation to interest rates returning to a historically high level. In short, gold is no longer a safe-ha

May 20 — According to U.S. news site Axios, the outlet reported on May 19 local time that President Trump convened his national security team on the evening of May 18 for a briefing on potential military actions against Iran. Citing two U.S. officials, Axios detailed that the meeting covered next steps for the Iran situation, progress in diplomatic negotiations, and possible military options the U.S. could pursue. The briefing reportedly indicated Trump is "seriously considering returning to military action against Iran." Sources familiar with the matter added that some hardline Iran hawks believe Trump now has "a desire to deliver a heavy blow to Iran to force the country to make concessions in ongoing negotiations."

May 20 – Iran’s stance in ongoing talks with the U.S. to end the war has not shifted meaningfully from prior rounds that failed to yield progress, The Wall Street Journal reported, citing U.S. officials familiar with the negotiations and terms under discussion. The development has stoked doubts among observers about whether a viable “way out” of the conflict is attainable. Mediators note Iran is still holding firm to its core demands: an end to hostilities with the U.S., economic relief, compensation for war damages, and a supervisory role in the strategically vital Strait of Hormuz. Significant gaps remain between Iran and the U.S. over Washington’s demand that Iran shut down or suspend its nuclear program long-term, they added. Regional sources indicate the U.S. and Israel have been preparing for a new round of strikes against Iran in the near future, with some warning an attack could be launched as early as next week.