Galaxy Digital unstaked 1 million HYPE tokens, worth $61.50 million
According to Onchain Lens monitoring, Galaxy Digital received 1,000,000 HYPE tokens worth $61.50 million through unstaking.
Subsequently, Galaxy Digital deposited 500,000 HYPE tokens worth $30.36 million to Bybit and OKX.
[Odaily]
An OTC whale holding $317.6 million worth of ETH bought another 20,000 ETH from FalconX.
OTC whale (0xFB7) purchased 20,000 ETH from FalconX for $40.48 million and sent 50 million USDT to Wintermute, possibly to continue buying.
This whale currently holds 143,906 ETH, valued at $317.6 million.
[Odaily]
A whale bought 20,000 ETH from FalconX again, increasing its total holdings to 143,900 ETH.
May 29th, according to Onchain Lens monitoring, the OTC whale 0xFB7 once again purchased 20,000 ETH ($40.48 million) from FalconX and sent 50 million USDT to Wintermute, possibly for continued purchases.
The whale currently holds 143,906.0000 ETH ($317.6 million).
[PANews]
Gemini crypto exchange launches AI data feed powered by Grok
Crypto exchange Gemini is expanding its AI capabilities with the launch of “Command Center,” a new AI-powered personalized market feed. The service was built in collaboration with SpaceXAI, Elon Musk’s combined rocket engineering and AI umbrella organization.
Command Center is essentially a dashboard that surfaces real-time insights, signals, summaries and predictions based on user preferences. The service is integrated into Gemini’s prediction market and powered by Grok, the large language model built by Musk’s xAI studio, which was recently merged with SpaceX.
Gemini has leaned heavily into AI, particularly with its recently launched Agentic Trading feature that enables users to open their trading accounts up to models like Claude and ChatGPT.
The move comes as Gemini continues to expand beyond spot crypto trading into derivatives, predictions and other financial services. According to its first-quarter report, the firm’s services and interest revenue, including credit cards, staking and custodial business, grew more than 120% year over year to $24.5 million — representing nearly half its total revenue.
The firm has also scored two key Commodity Futures Trading Commission licenses to become a regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), moving it closer to becoming a “full-stack, end-to-end marketplace” for predictions, futures, options and perpetual contracts.
On Thursday, the CFTC apologized for a prior enforcement action taken against the exchange in 2022 and joined a motion for relief to vacate a January 2025 consent order against the company.
That said, Gemini has had a rocky couple of months. Gemini recorded a net loss of $109 million in Q1 2026, as its total trading volume dropped to $6.3 billion from $13.5 billion a year earlier. Earlier this year, Gemini parted with several C-suite-level execs, and it has also pulled out of underperforming markets in the UK, EU, and Australia.
GEMI closed the day up 6.8% at $5.18, according to The Block’s stock page.
SpaceX recently revealed it holds 18,712 bitcoins, worth about $1.36 billion at today’s prices, in an S-1 document required for a public listing. That is about 10,000 more bitcoins than previously expected, given previous sales disclosures. Musk’s space-faring engineering and AI firm values itself at $1.25 trillion.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
[The Block]
The Digital Chamber ramps up pressure on Congress with call to action to pass Clarity Act
Crypto advocacy organization The Digital Chamber published a website to serve as a central spot for people to write to lawmakers in its latest push to get a sweeping cryptocurrency bill across the finish line.
On Thursday, The Digital Chamber unveiled its latest call to action, which TDC CEO Cody Carbone said is part of a broader push to help pass the Clarity Act into law this year. “Congress needs to know that Americans expect them to act on Clarity,” Carbone said. “When we talk with legislators, we know they want to hear from their constituents. Whether builders or consumers, the voice of the people is clear about the need for clear rules of the road.”
Over the past year, the crypto industry has intensified efforts to get a bill to regulate the sector for the first time at the federal level signed into law. A version of the bill passed the House last year, but over the past several months, it had been caught up in the Senate following disagreements on how stablecoin rewards should be treated. That issue has since seemingly been resolved, but now ethics and DeFi issues have surfaced.
According to a TDC spokesperson, the website serves as a tool to ensure that people who are interested in crypto “can elevate their voice in a tried and true, fundamentally democratic way. More than 70 million Americans own crypto, and so they need protections that are within the Clarity Act, the spokesperson said, citing a figure from Security.Org in May, which surveyed 992 U.S. adults.
The website includes a form for people to fill out, urging lawmakers to vote yes on the Clarity Act, as well as resources, including a one-pager on the bill.
The latest push comes as the midterm election season is swiftly taking shape. Political action committees have begun backing candidates who have shown a friendliness toward crypto. More recently, a candidate endorsed by crypto super PACs, Rep. Christian Menefee, unseated longstanding Congressman Al Green in a Democratic primary runoff earlier this week.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
[The Block]
US government wallet moves $805,000.00 worth of tokens again
According to Lookonchain monitoring, the U.S. government wallet has once again transferred out tokens worth $805,000.
[Odaily Planet Daily News]
Trump’s Crypto Push Unites SEC, Senate, and Ripple Behind CLARITY Act
President Donald Trump’s Truth Social post calling America the “crypto capital of the world” triggered a coordinated wave of support. The SEC, Senate Republicans, and Ripple all pressed for swift passage of the CLARITY Act. The remark marked Trump’s first public statement on crypto market structure since March. Industry leaders and lawmakers pushed the Digital Asset Market Clarity Act of 2025 toward a full Senate floor vote within hours.
Trump argued former SEC Chair Gary Gensler and the “Anti-Crypto Army” had nearly destroyed the U.S. crypto industry. He vowed to codify a “future-proof” framework safe from “Crypto Haters.” On the account, SEC Chair Paul Atkins highlighted the agency’s enforcement-first era is “over,” promising market-wide clarity under Trump alongside Congress. The endorsement aligns with the broader Project Crypto agenda to bring blockchain markets onshore and reset US crypto policy.
Ripple CEO Brad Garlinghouse called the moment a vindication after years of SEC litigation against the company. He said the anti-crypto coalition had been defeated by courts, voters, and Trump himself.
The U.S. Senate Banking Committee passed the CLARITY Act in a 15-9 bipartisan vote on May 14. Chairman Tim Scott echoed Trump’s framing of America as the global crypto hub. Senate Majority Leader John Thune now controls floor scheduling.
Senator Cynthia Lummis used the moment to highlight a core consumer protection inside the bill, echoing failures from the FTX collapse. The bill defines most digital tokens as commodities and splits oversight between the CFTC and SEC. It adds custodial protections for customer assets at exchanges.
The legislation still requires 60 votes on the Senate floor and reconciliation with the House version. The August recess is the realistic cutoff before midterm politics complicate passage. Whether the coordinated messaging translates into a supermajority will define the bill’s path through 2026.
Kalshi sues Minnesota over prediction market ban
Kalshi has filed a federal lawsuit against Minnesota to block the state’s new prediction market ban, which is set to take effect on August 1. The law would make running an event contract platform in the state a felony, escalating a national fight over who regulates event contracts.
Kalshi’s complaint, filed in federal court and documented by Courthouse News, names Attorney General Keith Ellison, Governor Tim Walz, and Alcohol and Gambling Enforcement Director Jon Anglin as defendants. Governor Walz signed SF 3432 into law on May 26, repealing and replacing earlier prediction market provisions in SF 4760 and folding the new measure into the state’s broader public safety package.
Kalshi argues the Commodity Exchange Act gives the CFTC “exclusive jurisdiction” over event contracts, and that Minnesota’s statute “impermissibly usurps” that authority by banning federally designated contract market activity. The company describes the law as “a targeted attack on federal DCMs.”
The Kalshi suit follows the CFTC’s own lawsuit against Minnesota filed a week earlier. Crypto.news previously reported on the CFTC challenge, which framed the law as the most aggressive state move to shut down federally regulated markets. Sports contracts now drive roughly 85% of Kalshi’s business, putting the platform at the centre of every state gambling case.
The Ninth Circuit recently denied emergency motions from Kalshi and Polymarket in Nevada and Washington cases, ruling federal derivatives oversight does not automatically pre-empt state gaming laws. That ruling clashes with a Third Circuit decision siding with Kalshi against New Jersey, a split that could push the question to the Supreme Court. Recent state actions in Wisconsin, Nevada and Washington have all targeted the same platforms.
Kalshi was last valued at $22 billion in a recent funding round, making the legal exposure material. The company seeks declaratory and injunctive relief to block enforcement before the August 1 effective date.
OpenAI Releases Cutting-Edge Governance Framework
OpenAI has released its Frontier Governance Framework, systematically outlining how its AI safety and governance practices align with emerging regulatory requirements such as California’s Frontier AI Transparency Act and the EU’s General AI Code of Conduct.
Built upon OpenAI’s existing Preparedness Framework, this new framework focuses on areas including cyberattacks, CBRN risks, harmful manipulation, loss-of-control risks, model reporting, security incident response, and external expert review—and states it will be continuously updated as model capabilities and the regulatory landscape evolve.
[Odaily]
Loracle Unstakes $51.30M Worth of HYPE
According to Arkham monitoring, Loracle, the largest bull of former HYPE, has unstaked HYPE worth $51.30 million, and the market generally expects it to sell off.
[Odaily]
Today’s Market Pulse
Market sentiment is shifting as institutional players adjust their positions while regulatory clarity gains unprecedented momentum with the CLARITY Act receiving bipartisan support following Trump’s endorsement.
Key Themes
Regulatory Breakthroughs
The crypto industry is experiencing a pivotal moment with the CLARITY Act gaining significant traction. President Trump’s public endorsement triggered an unusual alliance between the SEC, Senate Republicans, and Ripple, all pushing for swift passage. The SEC Chair declared the “enforcement-first era” is over, signaling a major policy shift. This coordinated political backing could lead to a Senate supermajority before August recess, potentially establishing the U.S. as the “crypto capital of the world” as Trump framed it.
Institutional Whale Activity
Large holders are making significant moves across different assets. An OTC whale has rapidly increased its ETH holdings to 143,906 ETH ($317.6M) through consecutive purchases from FalconX, demonstrating continued confidence in Ethereum’s long-term value. Simultaneously, Galaxy Digital’s unstaking of $61.5 million worth of HYPE tokens followed by partial deposits to exchanges suggests potential profit-taking or portfolio rebalancing. The market remains cautious about Loracle’s unstaking of $51.30M in HYPE, with expectations of further selling pressure.
Exchange Evolution
Exchanges are accelerating AI integration to enhance trading experiences. Gemini’s launch of “Command Center,” an AI-powered personalized market feed built with SpaceXAI and powered by Grok, represents the latest evolution in AI-driven trading tools. This aligns with Gemini’s broader strategy to expand beyond spot trading into derivatives and prediction markets, supported by recent CFTC licenses. The exchange’s Q1 services and interest revenue grew over 120% year-over-year, indicating successful diversification beyond traditional trading fees.
RichSilo Verdict
Smart money should monitor the CLARITY Act’s progress through the Senate as it represents the most significant regulatory development in years, potentially reshaping the entire crypto landscape. The whale accumulation of ETH suggests institutional confidence, but simultaneous profit-taking from HYPE positions indicates asset-specific caution. Exchange AI capabilities like Gemini’s Command Center could become increasingly valuable as trading volumes normalize, creating new revenue streams. The intersection of regulatory clarity, institutional flows, and AI innovation will likely define market leadership in the coming quarters, with particular attention needed on how the CFTC-SEC jurisdictional battles over prediction markets play out across state lines.
