Crypto Industry News & Market Trends

Google Engineer Accused of Turning Secret Search Data Into a $1.2M Polymarket Profit

AlphaRaccoons username was removed from the Polymarket account after users on Discord and X speculated that the trader may have been a Google insider.　　US prosecutors have charged Google software engineer Michele Spagnuolo, also known online as ‘AlphaRaccoon,’ with allegedly using confidential internal Google search data to profit roughly $1.2 million through bets placed on prediction market platform Polymarket.　　According to a criminal complaint unsealed in the Southern District of New York, Spagnuolo allegedly accessed nonpublic ‘Year in Search 2025’ data from Googles internal systems and used that information to trade on Google-related markets on Polymarket before the results became public.　　Polymarket Insider Trading Case　　Prosecutors charged him with commodities fraud, wire fraud, and money laundering, while the Commodity Futures Trading Commission (CFTC) filed a parallel civil complaint accusing him of insider trading violations under the Commodity Exchange Act. The filing states that Google keeps its “Year in Search” rankings strictly confidential because the annual campaign is commercially valuable and designed around a coordinated public reveal intended to generate media attention, user engagement, and advertising demand.　　Investigators said Spagnuolo had access to a Google internal software tool containing confidential trend data and that the tool itself displayed a “Google Confidential” warning banner. Authorities allege that

05-29Industry

AI Momentum Fuels Market Rally: Snowflake (SNOW) Soars 35% on Earnings Blowout

Tech　　AI Momentum Fuels Market Rally: Snowflake (SNOW) Soars 35% on Earnings BlowoutMajor indices approached all-time highs fueled by robust corporate results and artificial intelligence enthusiasmSnowflake (SNOW) skyrocketed more than 35% following stellar quarterly results and a massive $6 billion Amazon Web Services partnershipUnusual Machines soared up to 67% amid speculation about Pentagon funding for domestic drone productionCrude oil prices experienced dramatic volatility, with Brent briefly hitting $93 before retreating on diplomatic developments between Washington and TehranSemiconductor leaders like Marvell and AMD remained in focus as the AI infrastructure buildout continued　　Equity markets extended their advance Thursday as impressive quarterly earnings and renewed artificial intelligence optimism bolstered investor sentiment. The S&P 500 and Nasdaq Composite both flirted with record territory throughout trading.　　Oil emerged as the sessions most volatile asset. Brent crude temporarily spiked to $93 per barrel following escalating geopolitical tensions in the Middle East involving Iran. However, prices reversed course after media reports indicated potential diplomatic progress between the United States and Iran.　　Energy markets remain under close scrutiny by market participants. A sustained climb in petroleum prices could reignite inflationary pressures and potentially alter the Federal Reserves monetary policy trajectory.　　Snowflake (SNOW) Rockets 35% Following Stellar Earnings and Major AWS Partnership　　Thursdays standout

05-29Industry

Grayscale Files New HYPE ETF Filing After Nasdaq Approval

Tech　　Grayscale Files New HYPE ETF Filing After Nasdaq Approval　　Grayscales Hyperliquid ETF has taken another step toward becoming public with the submission of a new filing to the U.S. Securities and Exchange Commission. Moreover, Nasdaq has accredited its application for the listing of the fund.　　Grayscale Files HYPE ETF S-1 Amid Nasdaq Greenlight　　On May 27, a certification letter signed by Nasdaq Regulation Senior Vice President Eun Ah Choi confirmed that the exchange had received the companys Form 8-A filing for the “Grayscale Hyperliquid Staking ETF Shares.” The document also claimed that Nasdaq had given official notice to list and register the security.　　Bloomberg ETF analyst James Seyffart noted the information on X. He wrote, “Grayscale files amendment number four for their Hyperliquid ETF — $HYPG. Definitely getting closer to launch. Still no fee yet.”　　Seyffart said that what he called the most notable change in the new HYPE ETF filing. “The most interesting update/change looks to be a seed capital investment of ~2 million hyperliquid:native or about ~$113 million! will come from Hyper Holdings Global LP,” he posted.　　Other Recent Updates Around HYPE ETF　　The new amendment comes after Grayscale filed a revised S-1 registration statement with the SEC on May 11. In that filing, the

05-29Industry

On-Chain Data Shows Larger Wallets Accumulating Ozak AI While Retail Remains Focused on Blue Chips

Tech　　On-Chain Data Shows Larger Wallets Accumulating Ozak AI While Retail Remains Focused on Blue Chips　　With the progression of the crypto market in 2025, one interesting trend is emerging in the sense that the allocation patterns among the large market holders and the retail investor communities are drifting apart. On one hand, the retail investors are still observed to remain anchored to the blue-chip assets like Bitcoin and Ethereum. On the other hand, on-chain analyses are indicative of the accumulation trend of Ozak AI ($OZ) among the larger market holders.　　Whales and Large Wallets Increasing Positions　　There are clear signs of higher net worth and institutional wallet addresses accumulating positions in Ozak AIs ongoing presale based on recent on-chain transactions. According to blockchain analytics tools, there is a significant increase in transactions involving known Ethereum and Solana whale wallet addresses that have always been the first to enter promising altcoin presales during previous cycles. These wallet addresses have always invested in early plays such as Polygon and Chainlink and are currently stocking up on massive amounts of the $OZ token while prices are low through analytics Insight.　　This accumulation is not merely a result of occasional buying calls. The data aggregated from some of

05-29Industry

How Short-Term Traders Are Using Ozak AI to Multiply Capital Faster Than Traditional Hold Strategies

Tech　　How Short-Term Traders Are Using Ozak AI to Multiply Capital Faster Than Traditional Hold Strategies　　As the cryptocurrency market evolves, short-term traders are increasingly looking for opportunities that go beyond simply holding Bitcoin or Ethereum. One project gaining traction among these traders is Ozak AI ($OZ), an AI-powered platform currently in its Phase 7 presale at $0.014. Traders are turning to Ozak AI to capitalize on early-stage growth and the potential for exponential returns.　　The Presale Advantage　　Ozak AIs presale began at $0.001, and has already jumped over 1,300% to the current $0.014. With 1.2 billion tokens sold and nearly $7 million raised, the platform is attracting both retail and professional investors looking to maximize returns before the expected $1 exchange listing.　　Short-term traders find presale participation particularly appealing because early accumulation allows them to capture the full upside potential while the broader market is still pricing in the projects value.　　Why Traders Favor Ozak AI　　Unlike larger cryptocurrencies like Bitcoin ($98K) or Ethereum ($3,100), which offer slower, steadier returns, Ozak AI combines several features that appeal to active traders:Real-Time Market Insights: The Predictive Analytics Engine provides actionable intelligence for traders.Ozak Stream Network (OSN): Delivers live market data to AI models, enabling quick decision-making.Custom Prediction Agents:

05-29Industry

Swiss Franc declines as market caution lifts USD

Finance　　Swiss Franc declines as market caution lifts USD　　USD/CHF edges higher after registering modest losses in the previous day, trading around 0.7840 during the Asian hours on Friday. The pair caught in a tug-of-war between lingering geopolitical risks in the Middle East and stronger-than-expected economic data from Switzerland.　　Analysts at MUFG Bank have warned that the US Dollar (USD) could appreciate if Washington and Tehran fail to finalize a ceasefire extension. An unresolved conflict threatens to build global inflationary pressures, a scenario that could push US Treasury yields higher and shift the Federal Reserves (Fed) internal consensus toward a more hawkish monetary policy stance to combat rising prices.　　While the United States (US) and Iran have tentatively agreed to a 60-day ceasefire extension, the markets initial relief remains capped. The potential breakthrough promises to allow unrestricted shipping through the critical Strait of Hormuz, with Iran reportedly committing to clear all maritime mines from the waterway within 30 days.　　However, traders are maintaining a cautious stance following a CNN report that US President Donald Trump has yet to approve the final terms. Further dampening immediate optimism, Vice President JD Vance noted that Washington was “not there yet” on a final deal, despite being close, while

05-29Industry

Buy the Dip on ETH, or Is More Downside Ahead? These Metrics Give Hints

According to analysts, traders are rushing into Ethereum too early before a broader market panic fully develops.　　Ethereum (ETH) dropped below the $2,000 level for the first time in nearly two months, a situation that pushed traders back into “buy the dip” mode according to blockchain analytics firm Santiment.　　However, Santiment pointed out that the sudden wave of optimism around ETHs decline could be a warning sign in itself.　　Crowd Optimism Points to More Downside　　Santiments reasoning is that when a major token drops through a key psychological level, traders often split into two camps, with one group panicking and writing off the asset and the other piling in even more because they believe they are catching a discount.　　Per the firms analysis, the second scenario is what is happening currently with Ethereum.　　“Retail has erupted with ‘buy the dip’ calls toward $ETH,” it wrote on X, adding that this kind of crowd optimism at a local bottom usually means the price still has some more falling to do.　　That‘s because, in Santiment’s assessment, retail crowds tend to get such calls wrong and get too optimistic, and anyone buying before panic fully sets in will be doing so before the actual floor arrives.　　As such, the firm advised

05-29Ethereum

Why Is Crypto Crashing Today? Bitcoin, ETH, XRP Slide May 28

Bitcoin Crypto Ethereum　　Why Is Crypto Crashing Today？ Bitcoin, ETH, XRP Slide May 28　　Whats happening right now　　The total crypto market cap fell roughly 4% in 24 hours to about $2.48 trillion. Bitcoin dropped from the $76,000 region to a five-week low below $73,000. Ethereum fell more than 5% and lost the $2,000 level, hitting an intraday low near $1,968. The damage spread across every major altcoin: Solana, XRP, BNB, Dogecoin, and Hyperliquid all posted losses between 6% and 14%.　　The Crypto Fear and Greed Index sits at 22, deep in “extreme fear.”　　If youre here asking why your portfolio is bleeding, the short answer is three things hit at once. But the order they hit in is what actually matters, and most coverage is getting that part wrong.　　Reason 1: The buyers were already gone (this is the real story)　　Heres the part the “blame Iran” headlines miss. The institutional bid had already left the market before the geopolitical news landed.　　US spot Bitcoin ETFs recorded about $733 million in net outflows on May 27, the largest single-day withdrawal since February (SoSoValue ETF data). That extended their losing streak to eight straight sessions, with roughly $2.33 billion pulled over two weeks. Ethereum ETFs are worse off,

05-29Ethereum

Shiba Inu OI Crashes Over 30%, SHIB Burns Grind To A Halt; Is This The End?

Tech　　Shiba Inu OI Crashes Over 30%, SHIB Burns Grind To A Halt; Is This The End？　　The Shiba Inu (SHIB) price has remained under strong pressure this year as weak demand and fading market momentum continue to weigh on the meme coin. Beyond the price decline, new data now show that Shiba Inu‘s Open Interest (OI) has crashed by more than 30%, while its burn rate has also slowed significantly. The decline in these key metrics points to weakening investor interest, lower trading activity, and reduced network engagement. Combined with Shiba Inu’s ongoing price struggles, these growing bearish signals have raised concerns about whether Shiba Inu is losing the strength that once made it the second-largest meme coin in the crypto market.　　Shiba Inu Open Interest Crashes As Price Plummets　　On May 27, data from Coinglass revealed that Shiba Inu‘s Open Interest had dropped by 6% to $49.4 million, signaling weakness in futures activity and a decline in investor confidence in the meme coin. During the same period, Shiba Inu’s futures flow plunged by a staggering 190%, with outflows reaching $5.6 million, far exceeding the previous inflows of around $4.74 million.　　Notably, this sharp decline pushed the net difference to $865,790 in total closed

05-29Industry

Blackrock Leads $733M Bitcoin ETF Selloff as HYPE Funds Keep Drawing Inflows

Ether ETFs also remained under pressure. The products posted $67.15 million in net outflows, stretching their losing streak to 12 straight trading days. The bulk of the move came from Blackrocks ETHA, which recorded a $65.10 million exit.　　Fidelitys FETH added another $2.05 million in outflows. As with , no ether ETF saw fresh inflows during the session. Total ether ETF value traded reached $517.76 million, and net assets closed at $11.63 billion.　　vehicles offered a more selective picture. HYPE ETFs continued to stand out as the preferred exposure, bringing in $3.40 million in net inflows. 21Shares‘ THYP added $1.73 million, while Bitwise’s BHYP drew $1.68 million. Total value traded was $118.97 million, with net assets also finishing at $118.97 million.　　ETFs posted a smaller gain, adding $557,160. The entire inflow went into Vanecks VSOL. Total value traded came in at $33.04 million, and net assets closed at $963.13 million. XRP ETFs saw no trading activity, as net assets remained at $1.12 billion.　　The days flows showed a market still leaning away from its largest crypto ETF exposures, with bitcoin and ether products losing a combined $800.58 million. HYPE and solana inflows offered a small counterweight, but they were not enough to change the

05-29Industry

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