Binance: Sealcoin (QAIT) Will Be Launched Today, Eligible Users to Receive Airdrop
May 28: According to an official announcement from Binance, Binance Alpha will officially launch Sealcoin (QAIT) today. Eligible users can visit the Binance Alpha event page to claim their airdrop using Alpha points once trading opens, with additional details to be shared in the near future.
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Hong Kong Stock Market: Wise Spectrum Surges Over 14%, Continues to Hit New All-Time High
Per Bitget data, on May 28th, Hong Kong-listed Smart Alpha stock surged over 14% to trade at $206.6, logging consecutive new all-time highs.
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Silver Targeted by Institutional Bears: UBS Warns of Shrinking Demand, HSBC Calls it "Overvalued Fundamentally"
As of May 28, the silver market is grappling with dual headwinds: cooling demand and persistent price pressure, with multiple institutions flagging that the "aftershocks" of the 2025 silver price surge are now taking hold.
Silver touched a high of $120 per ounce on January 28 before tumbling nearly 30% in a single session. While there was a subsequent bounce, the broader trend has remained downward. After hitting roughly $87 on May 14, the metal came under renewed selling pressure. Over the past two weeks, it has traded mostly in the $75–$78 range, and Thursday saw it drop more than 3.5% to around $71.98.
In a recent report, UBS pointed out that the roughly 140% price increase in 2025 has significantly dampened downstream industrial demand, warning that demand contraction could persist as long as silver holds at current levels. The bank also noted that unlike gold, which benefits from central bank purchases, silver lacks a strategic demand anchor and is therefore "unattractive" i
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CFTC Seeks to Revoke Settlement Agreement with Gemini, Alleging Original Lawsuit Was Based on Unreliable Whistleblower Tips
[NEW YORK, May 28] — The U.S. Commodity Futures Trading Commission (CFTC) on May 28 asked a federal court to vacate its $5 million settlement with cryptocurrency exchange Gemini, arguing the original enforcement action against the platform was built on flawed allegations.
In a Wednesday filing, the CFTC teamed up with Gemini to move to dismiss the settlement. Following an internal review, the agency determined that the enforcement action brought during the Biden administration “should not have been brought—and would not be brought under current enforcement standards.” The CFTC pointed to its reliance on a whistleblower deemed “known unreliable” as a core issue, adding that the settlement’s ongoing forward-looking obligations no longer align with the agency’s mission or the public interest.
The dispute stems from 2022 CFTC claims that Gemini made misleading statements about the trading volume and liquidity of Bitcoin futures contracts. Now, the regulator says the whistleblower’s accus
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Whale Trader "pension-usdt.eth" Takes Profit on ETH Short Position, Profits Approximately $1.13 Million
According to LookOnChain data, whale trader "pension-usdt.eth" closed its nearly two-month ETH short position on May 28 for a $1.13 million profit, turning a prior losing trade into a winning one. Additionally, the whale still holds a long position of 1,000 BTC valued at $73 million, which is currently sitting on an unrealized loss of $4.98 million.
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Hyperliquid's largest ETH long position has a maximum unrealized loss of $33.86 million, exceeding more than twice the initial margin.
May 28: Per monitoring by Hyperinsight (t.me/HyperInsight), as the ETH price dropped below $2,000, the largest ETH long position on Hyperliquid—operated by the so-called "BIT Whale"—suffered massive unrealized losses across four linked addresses, totaling $33.86 million. Calculated from its initial investment of approximately $16.5 million, this unrealized loss has now exceeded twice the original capital.
Currently, this whale holds a long position of 120,000 ETH (valued at roughly $237 million) on Hyperliquid, with an overall weighted leverage of about 18x. Based on the weighted average entry price of funds across its addresses, the group’s average entry point sits around $2,270, and its most recent liquidation threshold stands at $1,716.
It is reported that these addresses belong to BIT, a digital financial services group formerly known as Matrixport. The group received multiple internal fund transfers for these positions and previously took billions in ETH long positions, netting
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