Trump Reinstates $10 Billion Lawsuit Over Wall Street Journal's Epstein Coverage

May 28: 10x Research reported that with surging demand for AI infrastructure, Bitcoin mining companies are accelerating their shift to become AI infrastructure firms. The firm’s Crypto Stock Basket Index is up 56% year-to-date, while Bitcoin (BTC) has fallen 17% over the same period. This week, BTC faced pressure amid a rise in U.S. Treasury yields and growing market expectations that the Federal Reserve will maintain a hawkish policy stance. Institutional funds continued to pull money out of non-yielding assets, and BlackRock’s Bitcoin ETF also saw substantial outflows. In the meantime, mining stocks and AI infrastructure concept shares rallied sharply this week: KEEL rose 30%, CIFR and IREN each climbed 29%, WULF gained 24%, and HUT advanced 22%. 10x Research notes several key events this week signal that mining firms’ transition to AI is speeding up, including IREN’s $1.6 billion acquisition of Dell’s Blackwell system, TeraWulf’s purchase of a 1GW facility in Kentucky, and Hut 8’s

May 28 (Investinglive) — Gold prices slid to a two-month low this week amid stalled U.S.-Iran talks and mounting hawkish risks from the Federal Reserve. While markets had priced in an imminent bilateral deal and a potential reopening of the Hormuz Strait, no official announcements have materialized—only a flurry of unconfirmed reports and market chatter. Over the past few days, both sides have carried out limited military strikes, but the U.S. maintains that its ceasefire agreement remains in effect. On the Fed side, a growing number of policymakers are pushing to abandon the central bank’s dovish stance, with the June FOMC meeting emerging as the critical juncture for this policy shift. Looking ahead, if no breakthrough in U.S.-Iran relations occurs before the June meeting, persistent high inflation and resilient U.S. economic data could deliver a hawkish surprise to markets. In the near term, a resolution that reopens the Hormuz Strait would likely push oil prices lower and lift ex

May 28 — Per Hyperinsight monitoring (via: https://t.me/HyperInsight), Trader Loracle — HYPE’s largest short seller — will unlock 893,000 HYPE spot tokens from their staked position in the next 7 hours. The newly unlocked tokens are worth approximately $50.8 million, marking the whale’s largest single unlock to date. Loracle’s total staked HYPE amounts to around 2.009 million tokens, valued at roughly $120 million. Over the past month, the whale has completed 2 unlocks totaling 1.115 million HYPE (valued at about $63.51 million). On-chain records show Loracle sold 557,000 HYPE (worth ~$33.35 million) on May 21 — the day HYPE hit its all-time high. Markets widely expect Loracle to sell the new 893,000 HYPE tokens, which would put downward pressure on HYPE’s price. This sell-off may coincide with a reduction in the whale’s short positions. If Loracle sells the spot tokens without closing their $104 million HYPE short position (stop-loss), the short will convert to a naked short exposur

On May 28, Polymarket announced its market integrity infrastructure had once again flagged a trader for suspected insider trading; the individual was arrested this morning in New York. Polymarket noted that both of the industry’s recent insider trading busts stem from criminal referrals the platform filed with law enforcement agencies. It added, “Blockchain transactions are transparent and traceable—wrongdoers always leave a clear trail.”

May 28 – Crypto analyst Murphy reports that in today’s perpetual contract market, long-position holders are paying shorts roughly $390,000 in hourly funding fees—way above the 7-day average of $220,000. This signals broad bullish sentiment, as longs face steep costs to keep their positions open. Murphy notes that since the 7-day average funding fee flipped positive on May 12, the long premium has kept expanding—especially in recent days. High funding fees aren’t sustainable forever: if the price doesn’t bounce back quickly, some longs will likely close their positions proactively to avoid more cost pressure. At the same time, the market’s Open Interest (OI) has entered a downward trajectory, meaning liquidations and deleveraging are already underway. Murphy warns that if BTC drops below a key support level again, it could trigger a cascade of liquidations—sparking a classic “long squeeze” scenario. He stresses current conditions are totally different from the sustained uptrend ph

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