Gate.io Launches INIT Perpetual Contract Pre-trading

May 28 — Josh Stevens, VP of Engineering at prediction market platform Polymarket, refuted a The Information report alleging Polymarket plans to roll out KYC (Know Your Customer) for all users over compliance pressures. Stevens called the report inaccurate, stating Polymarket is only testing a new beta product where a limited subset of beta participants need KYC during the testing phase. The existing core Polymarket platform has no new KYC requirements, and once the beta test wraps up, users will not need to undergo KYC for regular, standard platform usage.

May 28th – The so-called "Stock God" Serenity posted on social media, saying, "Seeing the massive support from the Chinese community on X really brightens my day. This reflects a fascinating cultural difference: people here always make an effort to unpack my thinking process and stock-picking logic, using those insights to refine their own investment systems. By contrast, folks from other cultural backgrounds often come in and dismiss everything outright. For fun, I might even start sharing my views on two Chinese stocks – even if I don’t currently hold any positions in them."

On May 28, Samsung Securities announced it will acquire a stake in Dunamu—operator of South Korea’s largest cryptocurrency exchange Upbit—to boost its digital financial competitiveness. This move comes as South Korea’s financial regulators recently hinted at relaxing the "Kimchi Premium" policy (a rule separating the traditional financial industry from virtual asset sectors), signaling an accelerated push toward integration between mainstream financial institutions and cryptocurrency exchanges. Following a board meeting held on the same day, Samsung Securities confirmed it will purchase 697,487 old shares of Dunamu, equivalent to approximately a 2.00% stake. The total transaction amount is roughly 3.637 trillion South Korean won (about $2.03 billion), accounting for around 3.8% of Samsung Securities’ total equity of 80.68 trillion won. The sellers of the old shares include Kakao Investment, Kakao Ventures, Kakao Young Entrepreneurs Fund, and the KIF-Kakao Woori Bank Tech-Finance Inves

On May 28, the U.S. military opened fire in the area around Iran’s Hormuz Port, close to the Strait of Hormuz, according to Iran’s Tasnim News Agency, which cited a military source. The incident followed a standoff between Iran’s Revolutionary Guard and a U.S. oil tanker attempting to transit the strategic Strait of Hormuz.

May 28 — According to ChainNews, InBlockchain’s secondary investment arm, Trend Research, transferred an additional 2.705 million UNI (≈$8.71 million) and 114,000 COMP (≈$2.13 million) to Binance an hour ago. The transfer is likely part of preparations to liquidate its entire position; if all these tokens are sold, the total loss would hit $40.29 million. As previously reported, on May 25, Trend Research had deposited 2.7 million UNI and 114,352 COMP into Binance.

On May 28th, Donald Trump took to social media to post: “Former SEC Chair Gary Gensler and his so-called ‘anti-crypto army’ nearly wrecked the entire U.S. cryptocurrency industry. They pushed Bitcoin, crypto perpetual contracts, and all crypto innovation overseas — but I saved it, every single bit of it. Today, the U.S. is the undisputed ‘crypto capital of the world,’ and top builders and entrepreneurs are flocking back to America in droves.” “Under my leadership, we will put in place a forward-looking, future-oriented digital asset market framework that crypto adversaries will never be able to easily overturn. The next big frontier of finance is being built right here in the United States — and I will never let the crypto industry down, nor let unfair attacks derail its growth on my watch.”