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On May 28, The Wall Street Journal reported that U.S. prosecutors have charged a Google software engineer with illegally profiting $1.2 million through trading prediction contracts on Polymarket. These contracts allowed users to bet on who would be the 'most searched person in 2025.' The 36-year-old, Michele Spagnuolo, is accused of fraud and money laundering. According to a criminal complaint unsealed on Wednesday, he placed bets last year using non-public search data that was accessible only to a 'limited number of employees' within Google. The complaint states that this data indicated that musicians Kendrick Lamar and d4vd were among the most searched individuals, both of whom eventually made it into the top five of the annual search rankings. It is alleged that he made 'large predictions' after accessing Google's confidential 'Year in Search 2025' data, including predicting that singer d4vd would become the most searched person of the year. He was subsequently released on $2.25 million bail, which included a $1 million cash guarantee, of which $50,000 was required to be paid on the day of the hearing. The indictment also claims that Spagnuolo took 'deliberate steps to conceal his illegal use of non-public information' after profiting, attempting to hide the source and ownership of the funds.

[Google Engineer Charged with Insider Trading for $1.2 Million Profit on Polymarket]On May 28, The Wall Street Journal reported that U.S. prosecutors have charged a Google software engineer with illegally profiting $1.2 million through trading prediction contracts on Polymarket. These contracts allowed users to bet on who would be the 'most searched person in 2025.' The 36-year-old, Michele Spagnuolo, is accused of fraud and money laundering. According to a criminal complaint unsealed on Wednesday, he placed bets last year using non-public search data that was accessible only to a 'limited number of employees' within Google. The complaint states that this data indicated that musicians Kendrick Lamar and d4vd were among the most searched individuals, both of whom eventually made it into the top five of the annual search rankings. It is alleged that he made 'large predictions' after accessing Google's confidential 'Year in Search 2025' data, including predicting that singer d4vd would become the most searched person of the year. He was subsequently released on $2.25 million bail, which included a $1 million cash guarantee, of which $50,000 was required to be paid on the day of the hearing. The indictment also claims that Spagnuolo took 'deliberate steps to conceal his illegal use of non-public information' after profiting, attempting to hide the source and ownership of the funds.

Google Engineer Charged with Insider Trading for $1.2 Million Profit on Polymarket

On May 28, according to Onchain Lens monitoring, whale trader Evaded (@ICanPlug) opened a new short position of 12,600 ETH with 25x leverage, at an average entry price of $2,033.31. They also hold a short position of 960 BTC with 30x leverage, currently totaling over $1.6 million in unrealized profits.

[Whale Evaded Shorts 12,600 ETH with 25x Leverage at Average Price of $2,033.31]On May 28, according to Onchain Lens monitoring, whale trader Evaded (@ICanPlug) opened a new short position of 12,600 ETH with 25x leverage, at an average entry price of $2,033.31. They also hold a short position of 960 BTC with 30x leverage, currently totaling over $1.6 million in unrealized profits.

Whale Evaded Shorts 12,600 ETH with 25x Leverage at Average Price of $2,033.31

On May 28, the Bank for International Settlements (BIS) and its partners are set to initiate real value transaction testing for the digital cross-border payment project, Project Agorá. This initiative involves BIS, seven central banks, and over 40 regulated institutions, including the Federal Reserve Bank of New York, the European Central Bank, the Bank of Japan, the Bank of England, as well as JPMorgan, UBS, and Deutsche Bank. The prototype employs a 'unified ledger' concept, utilizing blockchain technology to complete interbank transfers between different countries in seconds, facilitating 'atomic' transactions. The system retains existing sanctions enforcement and anti-money laundering screening mechanisms. BIS stated that tokenization can effectively and securely address the inefficiencies in wholesale cross-border payments. The Bank of Canada has joined the project, and more private institutions are expected to participate.

[BIS to Launch Real Value Transaction Testing for Digital Cross-Border Payment Project]On May 28, the Bank for International Settlements (BIS) and its partners are set to initiate real value transaction testing for the digital cross-border payment project, Project Agorá. This initiative involves BIS, seven central banks, and over 40 regulated institutions, including the Federal Reserve Bank of New York, the European Central Bank, the Bank of Japan, the Bank of England, as well as JPMorgan, UBS, and Deutsche Bank. The prototype employs a 'unified ledger' concept, utilizing blockchain technology to complete interbank transfers between different countries in seconds, facilitating 'atomic' transactions. The system retains existing sanctions enforcement and anti-money laundering screening mechanisms. BIS stated that tokenization can effectively and securely address the inefficiencies in wholesale cross-border payments. The Bank of Canada has joined the project, and more private institutions are expected to participate.

BIS to Launch Real Value Transaction Testing for Digital Cross-Border Payment Project

On May 28, Federal Reserve Governor Lisa Cook stated during an event at Stanford University that inflation is moving in the wrong direction, and if this continues, she is prepared to raise interest rates. She indicated that if the labor market deteriorates, she would be ready to lower rates. Although Cook expressed a current preference to keep borrowing costs unchanged and expects price growth to cool again in the coming months, her remarks align with many Federal Reserve officials' views that accelerating inflation is now a greater policy concern than the labor market. Cook stated, 'I want to clarify my risk assessment: the risks still lean towards higher inflation.' She noted that inflation has been above the Fed's 2% target for five years, posing risks of price pressures becoming embedded in pricing and wage-setting behavior. 'Therefore, if the anticipated process of inflation retreat does not materialize in a timely manner, I am prepared to raise interest rates,' she said.

[Fed Governor Cook: Prepared to Raise Rates if Inflation Persists]On May 28, Federal Reserve Governor Lisa Cook stated during an event at Stanford University that inflation is moving in the wrong direction, and if this continues, she is prepared to raise interest rates. She indicated that if the labor market deteriorates, she would be ready to lower rates. Although Cook expressed a current preference to keep borrowing costs unchanged and expects price growth to cool again in the coming months, her remarks align with many Federal Reserve officials' views that accelerating inflation is now a greater policy concern than the labor market. Cook stated, 'I want to clarify my risk assessment: the risks still lean towards higher inflation.' She noted that inflation has been above the Fed's 2% target for five years, posing risks of price pressures becoming embedded in pricing and wage-setting behavior. 'Therefore, if the anticipated process of inflation retreat does not materialize in a timely manner, I am prepared to raise interest rates,' she said.

Fed Governor Cook: Prepared to Raise Rates if Inflation Persists

On May 28, U.S. President Trump commented on reports regarding Iran and Oman jointly controlling the Strait of Hormuz, stating that Oman "will behave well" and rejecting any such mechanism, saying, "Otherwise, we will have to bomb them." Iranian authorities proposed collaborating with Oman to regulate maritime traffic in the strait located between Iran and Oman. Meanwhile, Iran had considered establishing a joint fee mechanism with Oman, but this proposal faced opposition from the United States. In response to this proposal, Trump told reporters after a cabinet meeting: "No one can control the strait. The strait will be open to everyone," adding that the U.S. would "closely monitor the situation." Trump further stated, "Oman will act like other countries; otherwise, we will have to bomb them. They understand this, so nothing will happen."

[Trump Warns Oman Allies: Fail to Comply and Face Bombing]On May 28, U.S. President Trump commented on reports regarding Iran and Oman jointly controlling the Strait of Hormuz, stating that Oman "will behave well" and rejecting any such mechanism, saying, "Otherwise, we will have to bomb them." Iranian authorities proposed collaborating with Oman to regulate maritime traffic in the strait located between Iran and Oman. Meanwhile, Iran had considered establishing a joint fee mechanism with Oman, but this proposal faced opposition from the United States. In response to this proposal, Trump told reporters after a cabinet meeting: "No one can control the strait. The strait will be open to everyone," adding that the U.S. would "closely monitor the situation." Trump further stated, "Oman will act like other countries; otherwise, we will have to bomb them. They understand this, so nothing will happen."

Trump Warns Oman Allies: Fail to Comply and Face Bombing

On May 28, Federal Reserve Vice Chair Jefferson stated that the current monetary policy is appropriate; there is no preset stance regarding the outcome of the June Federal Open Market Committee meeting; inflation is expected to weaken later this year.

[Fed Vice Chair: Current Monetary Policy Appropriate, Inflation Expected to Weaken Later This Year]On May 28, Federal Reserve Vice Chair Jefferson stated that the current monetary policy is appropriate; there is no preset stance regarding the outcome of the June Federal Open Market Committee meeting; inflation is expected to weaken later this year.

Fed Vice Chair: Current Monetary Policy Appropriate, Inflation Expected to Weaken Later This Year

On May 28, the Nikkei 225 index opened down 197.19 points, a decrease of 0.30%, at 64802.22 points. The South Korean KOSPI index opened down 78.27 points, a decrease of 0.95%, at 8150.43 points. (Jin Shi)

[Japanese and South Korean Stock Markets Open Lower]On May 28, the Nikkei 225 index opened down 197.19 points, a decrease of 0.30%, at 64802.22 points. The South Korean KOSPI index opened down 78.27 points, a decrease of 0.95%, at 8150.43 points. (Jin Shi)

Japanese and South Korean Stock Markets Open Lower

On May 28, according to Onchain Lens monitoring, trader Garrett Jin further increased his BTC long position (5x leverage), which has now grown to 1,268 BTC, valued at approximately $94 million. Meanwhile, he still holds a short position in Zcash (3x leverage), with an overall unrealized profit exceeding $2.57 million.

[Garrett Jin Increases BTC Long Position to $94 Million, Current Unrealized Profit Exceeds $2.57 Million]On May 28, according to Onchain Lens monitoring, trader Garrett Jin further increased his BTC long position (5x leverage), which has now grown to 1,268 BTC, valued at approximately $94 million. Meanwhile, he still holds a short position in Zcash (3x leverage), with an overall unrealized profit exceeding $2.57 million.

Garrett Jin Increases BTC Long Position to $94 Million, Current Unrealized Profit Exceeds $2.57 Million

On May 28, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that for a long time, the SEC has been out of sync with new technologies and innovations, forcing entrepreneurs to move their businesses overseas. That era is over. Under President Trump's leadership, we have worked closely with colleagues in the executive branch and Congress to provide the much-needed clarity for the digital asset market.

[SEC Chair: SEC to Provide Much-Needed Clarity for Digital Asset Market]On May 28, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that for a long time, the SEC has been out of sync with new technologies and innovations, forcing entrepreneurs to move their businesses overseas. That era is over. Under President Trump's leadership, we have worked closely with colleagues in the executive branch and Congress to provide the much-needed clarity for the digital asset market.

SEC Chair: SEC to Provide Much-Needed Clarity for Digital Asset Market

On May 27, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $35.1 million yesterday.

[US Spot Ethereum ETF Sees Net Outflow of $35.1 Million Yesterday]On May 27, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $35.1 million yesterday.

US Spot Ethereum ETF Sees Net Outflow of $35.1 Million Yesterday

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Article

Economist: Warsh's Nomination is a 'Malicious Suppression' of Gold and Silver, but Hawks Cannot Return

US Spot Ethereum ETF Sees Net Outflow of $35.1 Million Yesterday

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