CFTC and Gemini apply to revoke $5 million settlement agreement

According to Federal Reserve Bank of Chicago President Goolsby's statement on May 28th, the market expects that future productivity increases may drive investment and spending, leading to inflation and requiring the Federal Reserve to raise interest rates. He said at the Bank of Japan meeting in Tokyo that expected income growth could cause the economy to overheat before productivity booms, and interest rates could rise as a result. He also mentioned that supply shocks may exacerbate inflation caused by expectations of productivity growth.

According to Hyperinsight monitoring, a certain whale on the Hyperliquid platform has sold approximately 57300 HYPE in stock through TWAP, valued at approximately 3.3 million US dollars. At the same time, the address also sold approximately 2.28 million Hyperliquid ecological Meme tokens PURR, worth about $200000. Address: 0x77375a8c9d13bf79afb2a87f1b0ac1dfd5f5bf66

CFTC and Gemini jointly submit a motion to withdraw the $5 million settlement agreement. （Decrypt）

Samsung subsidiary is acquiring a $408 million stake in Dunamu, the parent company of cryptocurrency exchange Upbit. （Cointelegraph）

On chain data shows that USDC Treasury cast 250 million new USDC on the Solana chain at 17:26 UTC+8.