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Tuesday2026/0609
05-27

Hong Kong Launches Gold-Clearing System in July 2026 to Challenge London's Dominance

Hong Kong is building a government-owned gold-clearing system set to go live in July, a direct challenge to London’s decades-long dominance over global bullion trading infrastructure. The city wants to become Asia’s primary hub for gold settlement and pricing, and it’s borrowing heavily from the pla...

DefiLlama Adds Kalshi to Off-Chain Revenue Tracker, Blurs DeFi and TradFi Lines

DefiLlama, the go-to dashboard for tracking decentralized finance metrics, just did something that would have been unthinkable two years ago. It added a centralized, CFTC-regulated prediction market to its revenue tracker.Kalshi, the event derivatives exchange best known for letting people bet on ev...

Micron Hits $1T Valuation in 48 Days, Surpassing $500B Mark

Micron Technology crossed the $1 trillion market cap threshold on May 26, making it the latest semiconductor company to join an increasingly crowded trillion-dollar club. The milestone came just 48 days after Micron hit $500B.For context, Nvidia took 490 days to make the same $500B-to-$1T journey.Wh...

Bitcoin Plummets on Thursday Amid Iran Explosion and Market Volatility

Huo Xing Finance reports that, as of May 28, according to market data, Bitcoin led the crypto market lower in early Thursday trading, swiftly breaking below its lowest level in over a month before slightly recovering, currently trading at $74,453. As a result, $160 million in total positions were li...

Kalshi Prediction Market Gives Bitcoin 50% Odds of Falling Below $50,000 by Year-End

TL;DR:Kalshi shows Bitcoin with 50% odds of falling below $50,000 before year-end as traders grow more bearish during recent market weakness.BTC has remained in red territory, failed to break out from its current range and continues facing pressure from prolonged crypto volatility.Demand has reporte...

Michael Saylor: STRC Annualized Run Rate Reaches $24 Billion

According to a post on X by BitcoinTreasuries.NET, Michael Saylor stated that STRC has an annual run rate of $24 billion and plans to purchase 2 to 3 times the amount of Bitcoin mined each year. So far this year, it has acquired $11 billion in BTC, buying at twice the rate of miner output.

Trump Supports CFTC's Authority Over Prediction Markets Amid Legal Disputes

U.S. President Donald Trump has sided with the Commodity Futures Trading Commission (CFTC) amid an ongoing legal fight with states over the multi-billion-dollar prediction markets. In a post on Truth Social on Tuesday, Trump said, It’s critically important that the CFTC’s exclusive authority over p...

SoFi Launches SoFiUSD: First U.S. Bank-Issued Stablecoin Now Available to 15M App Users

SoFi Tech is rolling out a milestone for U.S. banking and crypto: its own dollar-pegged stablecoin, now available directly to consumers inside the SoFi app. What’s new - SoFiUSD, a stablecoin pegged 1:1 to the U.S. dollar, is being opened to the platform’s roughly 15 million users. The token was in...

Chinese AI model prices fall, widening cost gap with U.S. competitors

CoinDesk reports:Foreign media report that Chinese frontier model providers have recently continued to lower their API prices, with DeepSeek and Xiaomi both announcing new pricing structures, while leading U.S. labs have moved toward higher pricing for their new models, further widening the gap in i...

Remote reports 50% increase in per-employee revenue after AI integration

CoinMarketCap reports:Dutch payroll provider Remote said that, without increasing its total number of employees, revenue per person has grown by 50% compared to previous levels, annual recurring revenue has exceeded $300 million, and the company has achieved positive cash flow. The company attribute...

Report: UK Crypto Regulations May Hinder Blockchain Infrastructure

CoinDesk reports:Foreign media: A policy report released by the Solana Research Institute states that the UK’s proposed cryptocurrency regulatory framework could impose greater compliance burdens on validators, staking service providers, and non-custodial wallet companies. The report warns that if r...

Wall Street Hedges Against Big Tech as CDS Activity Hits Record Levels

Wall Street has a new favorite insurance policy, and it’s written against the companies everyone supposedly loves the most.Credit default swaps tied to major US tech firms have exploded in volume, with exposure growing 90% since September 2025 according to data from the Depository Trust & Cleari...

Google Engineer Charged with $1.2M Insider Trading on Polymarket

A Google software engineer was arrested after federal prosecutors accused him of using non-public company data to win $1.2 million betting on Polymarket. The case is one of the first federal insider trading prosecutions targeting a decentralized prediction market.Michele Spagnuolo, a 36-year-old eng...

Michael Saylor: STRC Achieves $24 Billion Annualized Run Rate, Purchases 2–3x Miner Bitcoin Output

ChainCatcher report: Bitcoin Treasuries.NET posted on X that Michael Saylor of Strategy stated that STRC's annualized run rate is $24 billion, purchasing two to three times the Bitcoin mined annually. Strategy has bought $11 billion in BTC year-to-date, at a pace twice the rate of miner output.

Google security engineer arrested over alleged insider trading on Polymarket

According to ME News, on May 28 (UTC+8), prosecution documents released by the U.S. Attorney’s Office for the Southern District of New York reveal that Google security engineer Michele Spagnuolo has been arrested and charged for allegedly using material non-public information to place bets on Polyma...

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