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5/27
22:32
Futu and Longbridge are cleaning up accounts opened with forged documents and empty accounts
Svmuu reported that recently, both Futu and Longbridge have started clearing accounts opened with forged identification documents, as well as empty accounts with no assets or holdings, and are closing these two types of accounts. Meanwhile, the Futubull app has added a quick entry for "Update Identity Information" in the "Account" section, along with a supporting "Instructions on Updating Identity Information," reminding customers that if they hold a compliant foreign identity document, all account services and functions, including trading and fund withdrawals, will remain unaffected after the update is completed. (Yicai)
22:31
Federal Reserve’s Goolsbee: Rising AI productivity expectations combined with rising oil prices may force central banks to raise interest rates
Svmuu reported that Chicago Fed President Austan Goolsbee on Thursday further intensified his warning: the market’s growing expectations for AI’s potential to boost productivity could push up inflation and force the Federal Reserve and other central banks to raise interest rates. Goolsbee stated, “The louder the hype about future productivity, the higher interest rates may need to go to prevent the economy from overheating. More importantly, in the short term, facing supply shocks—whether from oil prices, supply chain disruptions, or other factors—can make the problem even more severe.” These remarks further expand on the view Goolsbee first publicly raised earlier this month. He then questioned the idea that AI would have an inflation-suppressing effect, thereby creating room for central banks to cut interest rates—a view championed by many officials in the Trump administration and by the new Federal Reserve Chairman, Kevin Warsh. In the 1990s, as computers became more widely adopted, U.S. productivity unexpectedly surged, driving rapid economic growth without igniting inflation. However, Goolsbee argues that if productivity gains are already expected by the market, the situation would be different. The market might trigger a spending spree in advance, pushing up prices before actual productivity improvements materialize. (Jin Shi)
22:30
Bitget Launches Zero-Fee Spot Trading Campaign for preSPAX
Svmuu reports, according to an official announcement, Bitget has launched a zero-fee spot trading campaign for preSPAX. The campaign runs from May 28, 00:00 to June 3, 23:59 (UTC+8).
During the event, users can enjoy zero maker and taker fees when trading preSPAX/USDT and the upgraded preSPCX/USDT on the spot market. For more details, please refer to the Bitget official platform.
22:24
Crypto Reporter: Revoking the Gemini consent order could be an "extraordinary step"
Svmuu reported that crypto journalist Eleanor Terrett posted on X platform, stating that according to private messages publicly disclosed last year by Brian Quintenz, the former CFTC chair candidate nominated by Trump, he previously declined to comment on enforcement actions related to Gemini before being formally confirmed as chair.
Eleanor Terrett said that it now appears current CFTC Chair Caroline Pham has aligned with the Winklevoss brothers, believing the CFTC should never have brought a lawsuit against Gemini from the start.
She further stated that whether the relevant consent order will be vacated will now be decided by a judge in the Southern District of New York. One legal source described such a move as an "extraordinary step."
22:18
智谱 stock hits new all-time high
Svmuu reported that shares of Zhipu (02513.HK) rose nearly 4%, hitting an intraday high of HK$1,500, marking a new all-time high. (Jinshi)
22:14
Spot gold falls below $4,400
According to Gate data, spot gold has fallen below $4,400 per ounce for the first time since March 27, dropping over $50 intraday, a decline of 1.25%.
22:12
SUPERFORTUNE: GUA Security Incident May Involve Multi-Sig Address Tampering
Svmuu reported that SUPERFORTUNE AI posted on X platform, stating that the team is investigating a GUA security incident that occurred on May 27. The incident led to drastic price fluctuations in the token. Preliminary investigations suggest the incident may involve address tampering during a multi-signature transaction.
The announcement states that the original plan was to send additionally unlocked tokens to the airdrop claim contract address. However, during execution, the funds were mistakenly sent to a different hacker address. The team noted that this hacker address had never interacted with any SUPERFORTUNE-related addresses before, making an "address poisoning attack" less likely as the attack vector.
Furthermore, SUPERFORTUNE stated that its internal processes include a multi-layered address verification mechanism. The team is continuing its investigation into the incident and will update the community on the latest developments subsequently.
21:30
Svmuu Morning Brief
1. Trump: I saved the US cryptocurrency industry and will establish a "future-oriented" encryption market structure framework;
2. US official: US military launches new strikes on Iranian military bases;
3. Polymarket denies full rollout of KYC, only beta version requires verification for some users;
4. Samsung Securities plans to invest $204 million to acquire a 2% stake in Upbit operator Dunamu;
5. SEC Chair: Will provide much-needed clear guidance for the digital asset market;
6. Doge Designer: Musk and his companies have no association with any cryptocurrency or exchange;
7. Changxin Technology's IPO review status changes to submitted for registration;
8. Blockworks, together with Coinbase and other crypto institutions, establishes a token disclosure alliance to promote "stock market-like" transparent disclosure standards;
9. Hong Kong Monetary Authority requires banks to complete investigations into account openings using fake documents dating back to January 2023 within three months;
10. Vitalik: Will shift from regular blog posts to experimenting with science fiction themed around decentralized governance;
11. BNB Plus will raise $4.1 million by issuing convertible preferred shares.
21:24
“New Stock God” Serenity: May Share Views on Two Chinese Stocks in the Future
Svmuu, “New Stock God” Serenity posted on X platform, expressing great joy at seeing strong support from the Chinese community on X, and believes this reflects differences in investment exchange across different cultures.
Serenity stated that users in the Chinese community are more inclined to study his thought process and stock selection logic, using this to improve their own investment systems; in contrast, users from some other cultural backgrounds are more likely to directly reject viewpoints.
21:14
Polymarket denies full KYC rollout, only beta product requires verification for some users
Svmuu reported that in response to The Information's report on "Polymarket planning to require users to complete KYC due to compliance pressure," Polymarket's Vice President of Engineering, Josh Stevens, responded that the report is not true.
Josh Stevens stated that Polymarket is currently testing a new beta product, and KYC verification is only required for some trial users during the testing period. There is no new KYC requirement added to the existing Polymarket website.
He further stated that once the testing period for this product ends, users will no longer need to undergo KYC to use it.
21:03
Samsung Securities plans to acquire 2% stake in Upbit operator Dunamu for $204 million
Svmuu reported that Samsung Securities has passed a board resolution to acquire 2% of Dunamu's shares for 306.3 billion won (approximately $204 million), totaling around 697,000 shares at an acquisition price of about 439,000 won per share.
The sellers in this transaction include Kakao Investment, Kakao Ventures, Kakao Youth Startup Fund, and the KIF-Kakao Woori Bank Technology Finance Investment Fund. Based on the transaction price, Dunamu's overall valuation is estimated at approximately 15.3 trillion won (about $10.2 billion).
Samsung Securities stated that this investment aims to enhance its competitiveness in the digital asset business and expand related synergies. Previously, Hanwha Investment & Securities also acquired Dunamu shares held by Kakao Investment at the same valuation. (Yonhap News Agency)
21:00
WTI crude oil rose 1.4% to $93.5 per barrel
According to the latest data from Gate, gold prices rose to $4,457.4 per ounce, with a daily increase of 0.09%. Silver prices rose to $74.887 per ounce, with a daily increase of 1%.

The BVIX (BTC Volatility Index) is currently quoted at 37.34, with a daily increase of 2.47%. The EVIX (ETH Volatility Index) is currently quoted at 49.86, with a daily increase of 1.09%.

In the forex market, the USD/CNH exchange rate is currently 6.77832, unchanged for the day. The USD/JPY pair rose 0.04% on the day to 159.558.

In terms of global stock indices, the Euro Stoxx 50 Index (EUSTX50) fell 0.25% on the day to 6071.99 points; the UK FTSE 100 Index (UK100) rose 0.06% to 10479.2 points; and the German DAX 40 Index (GER40) rose 0.1% to 25192.8 points.

For commodities, WTI crude oil rose 1.4% on the day to $93.5 per barrel. Brent crude oil rose 0.38% to $97.52 per barrel.

Gate supports users in directly trading traditional financial market products on its platform, offering a one-stop solution covering multiple asset classes including precious metals, forex, global stock Contracts for Difference (CFDs), major indices, and commodities. This achieves a deep integration of crypto assets with traditional financial assets. Gate's TradFi related features have been fully integrated into the Gate App and Web terminal, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing the experience of diversified asset allocation.
21:00
Iranian media confirm U.S. military opened fire following a standoff between the Revolutionary Guards and a U.S. oil tanker
Svmuu News: According to Iran's Tasnim News Agency, citing a military source, the U.S. military opened fire in the Bandar Hormoz region near Iran's Strait of Hormuz, following a confrontation between Iran's Revolutionary Guard and a U.S. oil tanker attempting to pass through the Strait of Hormuz. No casualties or losses have been reported so far. (Jinshi)
21:00
U.S. Stocks Close: Crypto Concept Stocks Fall Broadly, BNB Network Drops Over 8.18%
According to data from MSX.COM, U.S. stocks closed with the Dow Jones up 0.36%, the S&P 500 up 0.02%, and the Nasdaq up 0.07%. The VIX fear index fell 4.23%. Crypto concept stocks declined broadly, with BNB Network dropping 8.18%, Tron Inc. down 4.13%, BTCS down 3.73%, Strategy down 3.58%, and Coinbase down 3.46%. It is reported that MSX.COM is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering U.S. stocks and ETF token assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
20:59
AI programming startup Cognition completes over $1 billion in funding, valuation reaches $25 billion
Svmuu News: AI programming startup Cognition announced the completion of a new funding round of over $1 billion, with its pre-money valuation surging to $25 billion, doubling from the $10.2 billion post-money valuation achieved just 8 months ago.
This funding round was led by Lux Capital and General Catalyst, with continued participation from Founders Fund and 8VC. New investors include Ribbit Capital, Atreides, and Layer Global.
According to official data, the company's AI programmer product, Devin, has achieved a 50% month-over-month growth in enterprise user adoption over the past 6 months. The company's current Annual Recurring Revenue (ARR) has reached $492 million, with customers including major institutions such as Mercedes-Benz, NASA, Goldman Sachs, and Santander Bank.
Facing competition from native AI coding tools such as Anthropic Claude Code, OpenAI Codex, and Google Jules, Cognition stated that Devin's continued growth and the acquisition of Windsurf assets demonstrate that independent AI programming agents still possess commercial viability.
20:56
US CFTC Admits 2022 Gemini Lawsuit "Should Not Have Been Filed", Parties Jointly Seek to Vacate Judgment
Svmuu News: The United States Commodity Futures Trading Commission (CFTC) announced that it has jointly filed for an exemption from judgment with Gemini Trust Company LLC regarding the lawsuit initiated against Gemini in 2022.
It is reported that the case was filed in June 2022, and both parties reached a settlement agreement in January 2025. After a comprehensive review, the CFTC concluded that the case should not have been brought and would not be pursued under current enforcement standards.
The review report identified six major issues, including: the lawsuit was primarily based on statements from a whistleblower known to lack credibility; the investigation targeted Gemini as the victim rather than focusing on the alleged fraudsters; doubts existed regarding the strength of evidence against Gemini; key evidence was not provided to commissioners during their vote; litigation attorneys used deliberative privilege to prevent Gemini from accessing defense materials; and personnel involved were suspected of using regulatory authority to pressure Gemini into a settlement.
20:52
Suffering a $40.29 million loss, Trend Research transfers remaining 2.705 million UNI and 114,000 COMP to Binance to complete liquidation
Svmuu News According to monitoring by Yu Jin, Trend Research (0xfa9...EB58), a secondary investment firm under boss Jackyi_ld, transferred the remaining 2.705 million UNI and 114,000 COMP to Binance an hour ago. These tokens are valued at $8.71 million and $2.13 million, respectively. The firm has now fully liquidated its positions in UNI and COMP, realizing a loss of $40.29 million. Trend Research had purchased 5.41 million UNI at an average price of $9.5 and 228,700 COMP at an average price of $49.3 during last July's market rebound. It sold UNI at an average price of $3.3 and COMP at an average price of $19.4 in May this year.
20:51
Trump: He saved the US Bitcoin industry from the “anti-crypto army”
Svmuu reports that Bitcoin News posted on X platform, stating that Trump said he saved the US Bitcoin industry from the “anti-crypto army.”
20:47
Google engineer indicted by U.S. Department of Justice for allegedly using insider information to profit $1.2 million on Polymarket
Svmuu News: The U.S. Department of Justice has indicted Google software engineer Michele Spagnuolo for allegedly exploiting confidential internal Google information to trade on prediction markets via Polymarket, illegally profiting approximately $1.2 million.
According to the indictment, Spagnuolo, operating under the account name "AlphaRaccoon" on Polymarket, placed bets totaling over $2.7 million related to Google's "Year in Search 2025" rankings. He is suspected of obtaining advance access to Google's internal data on the most searched personalities to guide his trading decisions.
U.S. prosecutors stated that his actions allegedly violated his fiduciary duties to his employer and constitute insider trading. Google confirmed that the employee has been suspended and is cooperating with law enforcement authorities. Polymarket stated that it has cooperated with U.S. prosecutors and the CFTC, noting that blockchain transactions are transparent and traceable. (TechCrunch)   
20:37
Jefferson: Federal Reserve: Action is needed to restore the 2% inflation target
Svmuu reported that Federal Reserve Vice Chairman Jefferson stated that it is very important not only to communicate but also to take action so that the public understands our intention and commitment to restoring inflation to the 2% target. (Jinshi)

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