Senator Lummis: If Missed This Congress, Crypto Legislation Window May Be Pushed to 2030
On May 30, U.S. Senator Cynthia Lummis from Wyoming stated that the next major window for digital asset legislation could be as far off as 2030. Until then, crypto developers will continue to face a lack of legal protection, while law enforcement agencies will lack the effective tools needed to hold bad actors accountable.
Lummis emphasized that the *Clarity Act* is designed to fix both of these issues: it would deliver a clearer regulatory framework for the digital asset industry and give law enforcement the necessary tools for proper regulation and enforcement in the space.
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Yesterday, the US Spot Bitcoin ETF saw a net outflow of $125.3 million, marking the tenth consecutive day of net outflows.
May 30 — U.S. spot Bitcoin ETFs posted a net outflow of $125.3 million yesterday, per Farside data, marking the tenth consecutive day of net outflows.
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「Stock Market Oracle」 Serenity Bullish on AI Photonics Supply Chain, Mentions AAOI, SIVE, Foci, and Shunsin
On May 30, self-proclaimed "new stock guru" Serenity shared a social media post about the current frenzy around AI photonics and data center infrastructure investments, naming four high-risk-reward stocks he’s most bullish on: AAOI, SIVE, FOCI, and Shunsin Technology.
For AAOI, Serenity noted the firm is tapping into the expansion of U.S.-based optical module and laser production capacity, with operations covering every step from laser manufacturing to final assembly stateside. He projects its monthly revenue will reach roughly $471 million by 2027, and the total addressable market (TAM) could see further exponential growth in 2028.
SIVE, he added, has equally strong revenue growth prospects: its overall revenue pipeline is around 77% higher than historical levels, targeting approximately $799 million. Most of this growth comes from its photonics business, which is expected to deliver a 60% gross margin.
Turning to FOCI, Serenity pointed out it’s a key supplier to NVIDIA and TSMC in
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An Ethereum OG sold a total of nearly 65,000 ETH over the past week, cashing out approximately $136 million.
May 30 — On-chain monitoring by Lookinto.chain indicates an early Ethereum adopter has been continuously selling ETH, per new on-chain data. Over the past week, the wallet address has sold a total of 55,000 ETH (approximately $1.1225 billion) and 9,442 wstETH (about $24 million), at an average selling price of roughly $2,041 per ETH. Based on current figures, this address has cashed out around $136 million in the same period.
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Top Star Thompson Shorting HYPE by 50x, Average Entry Price $66.95
May 30th: NBA superstar Tristan Thompson announced this morning on social media that he has opened a short position on HYPE. The transaction is a short-term bearish play, not a long-term negative outlook on the asset. He entered the 50x leveraged short at a price of $66.95, setting his stop-loss level near $68.
Thompson stated he still holds a bullish view on HYPE’s longer-term trend, though he anticipates a near-term pullback— which is why he opted for this short-term, day-trade-focused short transaction.
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Opinion: Retail Sentiment Key for Bitcoin, Institutions Not Truly ‘HODLing’ Bitcoin
May 30 – Cory Klippsten, CEO of Swan Bitcoin, noted that while institutional funds keep flowing into the crypto market, retail investors still play a critical part in driving Bitcoin’s price movements.
Klippsten highlighted a widespread market misconception: many assume giants like BlackRock and Fidelity own most Bitcoin, but in reality, the vast majority of holders behind Bitcoin spot ETFs are retail investors buying exposure through these products. ETF issuers must purchase and custody actual Bitcoin in the spot market, so this demand is genuine.
He also added that financial instruments like futures do add to “paper supply” in the market, but Bitcoin’s uniqueness lies in its on-chain, tangible asset nature.
On the market outlook, Klippsten’s expectation for Bitcoin to hit a new all-time high (ATH) in 2026 has cooled dramatically. Earlier, when Bitcoin’s price neared $95,000, he pegged the chance of a new ATH that calendar year at around 50%; now, with the price dipping to the $60,
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