OdailyOdaily Planet Daily reports that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig stated that the enforcement actions during the Biden administration "politically targeted" the co-founders of cryptocurrency exchange Gemini, and he is pushing to rectify the handling of the case.
Under the leadership of Michael Selig, the CFTC last week asked a federal court to void the $5 million settlement the agency reached with Gemini in January 2025. The settlement occurred before the Trump administration took over the commission.
Gemini co-founders Tyler Winklevoss and Cameron Winklevoss each donated $1 million to Donald Trump's 2024 campaign and have attended White House events, including the signing ceremony for the stablecoin-related GENIUS Act. (cointelegraph)
Odaily Odaily reports A shell company linked to Elon Musk has reportedly purchased property in a rural area outside Houston, Texas in recent weeks, suggesting it may be finalizing the site for a planned $55 billion chip factory, Terafab. The Terafab project, jointly promoted by SpaceX, Tesla, and xAI, aims to provide chip support for artificial intelligence and robotics projects, with total investment potentially reaching up to $119 billion.
Land registration records show that the company, named "WIT Tech LLC," has acquired at least six plots of land in Grimes County, covering a total area of over 6,000 acres (equivalent to nearly 10 square miles). The transaction amount has not yet been disclosed. (Jinshi)
Odaily reports, OKX market data shows ZEC briefly broke through $600 and is now trading at $599.8, with a 24H increase of 11.9%.
Odaily reported that according to Gate data, WTI crude oil has broken through the $95 per barrel mark, up 0.59% intraday.
Odaily reported that Crypto.com Exchange has officially integrated with TradingView and become an official broker. Eligible retail and institutional users can execute trades directly from TradingView charts, eliminating the need to switch between analysis and trading interfaces. This integration covers not only cryptocurrencies but also a diversified range of assets including stocks, commodities, pre-IPO perpetual contracts, and tokenized real-world assets.
Eric Anziani, President and COO of Crypto.com, stated that this integration brings together two powerful platforms, enabling traders to transition instantly from analysis to execution, accessing deep liquidity and real-time market data directly from the charts. (financefeeds)
Odaily Planet Daily News: U.S. Secretary of State Rubio: The war in Iran is over. (Jin Shi)
Odaily reports that US Senator Bernie Sanders plans to introduce the "American AI Sovereign Wealth Fund Act," which proposes to levy a one-time 50% equity tax on the largest AI companies in the United States. The relevant shares would be injected into a national sovereign wealth fund, with the wealth generated by AI distributed to all American citizens through cash dividends, healthcare, education, and housing.
Bernie Sanders argues that the trillions of dollars in wealth created by AI should not be captured solely by a few tech companies and their shareholders. He stated that the full text of the bill will be released in the coming weeks. Currently, the proposal is at the stage of a policy initiative, and there is significant uncertainty regarding its path to legislation and implementation.
Odaily Odaily reports that U.S. exchange operators are falling due to concerns over perpetual futures risks. Cboe Global Markets dropped 9%, CME Group fell 4.7% to a new low in over a year, and Intercontinental Exchange declined 3.9%, nearing a two-year low.
According to Lookonchain monitoring, a newly created address has spent $34,300 on Polymarket to bet that the ruling on "MicroStrategy sells any Bitcoin before May 31, 2026" will be overturned. If the result changes to "Yes," the address could potentially make a profit of over $9.9 million.
Odaily: U.S. President Donald Trump signs executive order to promote advanced AI innovation and security.
Odaily reported that CoinDesk posted on X platform that Andrew Yang's Noble Mobile has acquired the crypto-driven wireless carrier Helium Mobile, combining Noble's mobile service business with Helium's blockchain-based wireless network.
According to CoinGlass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $1.024 billion, with long position liquidations accounting for $907 million and short position liquidations at $116 million.
Among these, BTC liquidations totaled $618 million (longs $594 million, shorts $23.22 million), ETH liquidations reached $143 million (longs $122 million, shorts $20.68 million), and SOL liquidations were $37.4569 million (longs $35.53 million, shorts $1.92 million).
A total of 171,282 traders were liquidated over the past 24 hours, with the single largest liquidation order occurring on the Hyperliquid BTC-USD trading pair, valued at $27.4927 million.
Odaily reported that Leverage Shares posted on X, stating that if SpaceX eventually goes public with a valuation between $1.75 trillion and $2 trillion, Musk's approximately 43% stake would be worth between $752 billion and $860 billion. Combined with his holdings in Tesla and other companies, his total assets could reach the trillion-dollar level.
Odaily reported that, according to Onchain Lens monitoring, a mysterious ShapeShift whale purchased 2,078 ETH, worth $4.04 million. Currently, this whale holds 144,675 ETH, valued at $280.83 million.
