Forbes: Hyperliquid Launches SpaceX Evergreen Contract, Sparking Regulatory Grey Area Dispute
On May 27, decentralized derivatives platform Hyperliquid launched a SpaceX pre-IPO perpetual contract (SPCX-USDC) on Trade.xyz, triggering global controversy over its placement in a regulatory gray area. The contract allows leveraged trading without requiring users to hold any SpaceX stock or obtain official authorization from the company itself. It debuted at an initial price of $150, translating to an implied valuation of roughly $1.78 trillion, and spiked to $216 shortly after launch. The contract settles in USDC, with its price pulled from a market oracle and not linked to SpaceX’s actual financials or equity structure. Notably, SpaceX has neither endorsed nor participated in this market, yet its valuation is now being actively priced and traded on-chain—fueling debate over whether private company price discovery is being overtaken by decentralized derivatives. Originating from Hyperliquid’s HIP-3 mechanism, this market illustrates a potential shift toward on-chain repricing of pr
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DDC Enterprise Increases Bitcoin Holdings, Reaching a Total of 2,714 BTC
On May 27, Bitcoin treasury firm DDC Enterprise announced it purchased 131 Bitcoin, pushing its total holdings to 2,714 BTC. The average purchase price for Bitcoin is currently $79,135, while the year-to-date return on the firm’s Bitcoin investment stands at 43.5%.
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Polymarket is considering requiring traders to undergo KYC to address sanctions and legal risks
A May 27th report states that prediction market platform Polymarket is under mounting regulatory and sanctions compliance pressure, prompting the platform to push for mandatory Know Your Customer (KYC) verification for traders to mitigate potential legal and compliance risks.
According to the report, while Polymarket’s platform rules prohibit this kind of activity in certain regions, users still engage in trading via methods like automated trading bots, creating a gray area of usage in regions including Russia. Some developers have even been leveraging tools like Telegram to coordinate trading operations and expand their user bases.
As Polymarket has scaled its operations, regulatory oversight has also ramped up, forcing the platform to strike a balance between its decentralized prediction market model and global compliance obligations—aimed at addressing potential sanctions and legal vulnerabilities.
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Circle and Nium Partner to Connect USDC Settlement to Global Payment Network
On May 27th, Circle, a financial technology service affiliate of Circle Internet Group, announced a strategic partnership with Nium, a global real-time cross-border payment infrastructure provider, to connect stablecoin settlements with a global payment network spanning over 190 countries.
Per the announcement, Nium is joining the Circle Payment Network (CPN) as a global payment partner, granting financial institutions in the CPN network direct access to Nium’s disbursement infrastructure, which supports more than 100 local currencies. This collaboration enables financial institutions to settle transactions using USDC, seamlessly route funds into Nium’s payment infrastructure via the CPN network through a single integrated workflow, and easily convert local currency funds for transfer to global bank accounts, digital wallets, and payment cards.
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「Photonics Oracle」: NVIDIA's Investment Helps Nokia Transform AI Infrastructure, with Insiders Increasing Holdings Actively in the Past Month
On May 27, top U.S. stock analyst KawzInvests (@KawzInvests) noted that over the past month, seven Nokia executives—including its CEO—have collectively purchased more than $2.5 million worth of the company’s stock, a signal the shares still hold significant upside potential.
Back in April, KawzInvests published a bullish research thesis on Nokia, highlighting: “NVIDIA took a 2.9% stake in Nokia at $6.01 per share last October, marking a critical milestone in Nokia’s shift toward AI infrastructure. The company plans to upgrade roughly 100,000 cellular base stations worldwide into distributed AI computing nodes, enabling low-latency edge inference via RTX PRO 4500 Blackwell GPUs and addressing cloud latency challenges for factory robots.”
Since April, Nokia’s share price has surged from $10 to $16.46—an increase of over 60%.
KawzInvests boasts 100,000 followers on the X platform, with tweets centered on AI infrastructure, optical communications, and small-cap growth stocks. The accoun
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