News

Foresight News reported, according to Onchain Lens monitoring, a certain whale sold 213,419 HYPE at a price of $41.84 each, obtaining $8.93 million and realizing a profit of $2.8 million. In the past two months, this whale purchased 467,188 HYPE at an average price of $35.59, spending $16.63 million, and currently still holds 253,769 HYPE, worth about $10.5 million.

The rise of prediction markets has spawned a new wave of profiteering in Washington. With the Trump administration advancing policies at a rapid pace, insiders privy to government affairs have been able to speculate and profit from market fluctuations. Now, regulatory agencies and judicial departments are stepping up their efforts, rigorously investigating suspicious betting activities across various federal government departments. This presents an unprecedented challenge for regulators, as existing insider trading laws were not originally designed to target individuals betting on legislative outcomes, political elections, or even the results of U.S. military operations.According to informed sources, in recent months, regulators have repeatedly requested information from two major prediction trading platforms, Kalshi and Polymarket, focusing their reviews largely on bets related to political events and U.S.-Iran and U.S.-Venezuela military developments. Last month, a Special Forces soldier was arrested for allegedly betting on the ousting of Venezuelan leader Nicolás Maduro. This case highlighted the significant risks posed when public officials use their positions to plan or oversee matters related to insider betting. Officials from the U.S. Department of Justice and the Commodity Futures Trading Commission have stated that additional enforcement actions will follow.

BlockBeats News, May 17th. This morning, news broke that BlackRock is considering investing $50-100 billion in next month's SpaceX IPO . If true, SpaceX would become the largest single IPO BlackRock has participated in in recent years. According to mutual fund public filings, BlackRock has already made a private investment in SpaceX, with its current stake valued at least $3 billion. However, compared to the positions established by large public investors such as Fidelity, Baillie Gifford, and Franklin Templeton, BlackRock's stake is much smaller. As the world's largest asset management institution, BlackRock's participation in IPOs through its funds and active management products is not uncommon, but BlackRock's high-profile, direct, and large-scale participation in IPOs is extremely rare. The last time BlackRock made a high-profile move was in relation to the cryptocurrency stablecoin issuer Circle. Back in 2022, BlackRock participated in Circle's $400 million Series F funding round (valued at approximately $8.05 billion at the time). During Circle's IPO in 2025, BlackRock even directly subscribed to 10% of Circle's shares. After CRCL went public, it saw a maximum increase of over 860%, becoming a focal point in the market. Given SpaceX's size, it is difficult to imagine it replicating CRCL's meteoric rise after going public. However, BlackRock's cautious selection may become an important cornerstone in the eyes of the market, providing crucial support for the largest IPO in history.