After reaching a new all-time high, the HYPE TWAP net buy volume has decreased, with the next 24-hour net buy volume at $3.91 million.

May 31: Kyle Samani, former co-founder of Multicoin Capital and ex-chairman of Forward Industries (FORD)’s board, has emerged as Hyperliquid’s leading critic. His core claims: Hyperliquid lacks meaningful technological innovation, rose to prominence solely through temporary regulatory arbitrage, and no legitimate U.S. company will partner with the platform. Samani recently issued a new bet challenge to Hyperliquid’s community, predicting the platform will be unable to launch a U.S.-compliant frontend in the near term. In response, several community members offered a $1 million wager, asserting Hyperliquid will launch such a compliant frontend within three years. Samani rejected the three-year timeline, arguing Hyperliquid will establish Hyperliquid U.S. within that period either by acquiring a Derivatives Clearing Organization (DCO) and a Designated Contract Market (DCM), adopting a compliance strategy similar to Polymarket, and advancing its technology to pass decentralized testing.

On May 31, monitoring from Onchain Lens points to a crypto whale that had been inactive for seven months: the address deposited 1,504 ETH to OKX. The transferred ETH was valued at $3.05 million at the time of the deposit, yet the whale suffered a $2.82 million loss on the transaction.

On May 31, a high-profile Bitcoin theft case concluded in Qingdao, China, with a court upholding a lengthy prison sentence and clarifying how Chinese law classifies cryptocurrency, per local judicial dispatches. The Licang District Prosecutor’s Office in Shandong Province led the case, and the final ruling was affirmed on appeal. The defendant, identified as Zhang, gained access to an acquaintance’s cryptocurrency wallet mnemonic phrase while helping the individual set up their account. He later transferred 107 Bitcoin in multiple transactions—assets valued at over 50 million yuan (roughly $6.9 million) at the time of the crime. Zhang converted the stolen crypto to 660,000 yuan (about $91,000) in cash, but claimed his actions amounted to “protective control”—a defense rejected by prosecutors and judges. In its ruling, the court confirmed Bitcoin qualifies as property under Chinese criminal law. While China does not recognize cryptocurrency as legal tender, judicial authorities hold t

May 31 (Reuters) — The Israeli military has confirmed it captured Beaufort Castle in southern Lebanon.

May 31 – The title of Trump’s “Stock God” has been gaining more attention lately, with Micron, Dell, and Intel each benefiting from his so-called “divine trades.” The market has been abuzz with skepticism that Trump is “using his presidential power to profit his holding companies.” Despite this “Stock God” aura, Trump still holds a significant amount of stocks that are underwater (trading below his purchase price). BlockBeats, in its review of Trump’s May 14 Form 278-T financial disclosure filed with the U.S. Office of Government Ethics, has identified the top 5 of Trump’s stock holdings (each valued over $1 million) that are currently underwater: 1. **FIS (Fidelity National Information Services Inc)**: The firm provides payment processing, core banking systems, transaction settlement, and other tech services to institutional clients. Trump made 6 large purchases of FIS in Q1, and its stock price has remained depressed – leaving him down roughly 42.8% on the position. 2. **ACN

May 31, per HTX market data, HYPE briefly surged above $70, currently trading at $69.845 with a 6.4% 24-hour gain, notching another all-time high.