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[Flash] Bitcoin Tumbles Below $79,000 as Rising Bond Yields and Inflation Worries Rattle Markets Bitcoin has dropped below the $79,000 level, driven by a combination of rising U.S. bond yields and persistent inflation concerns. The broader crypto market is under pressure as investor risk appetite wanes. Meanwhile, escalating tensions involving Iran have added to global market uncertainty, with analysts noting that geopolitical risks are having a sustained impact on financial markets. ...

[Flash] CME, ICE Push U.S. Regulators to Scrutinize Hyperliquid Over Manipulation Risks The Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) have jointly urged U.S. regulators to scrutinize decentralized derivatives platform Hyperliquid over alleged market manipulation risks. The move by two traditional finance giants signals growing wariness toward emerging competitors in the crypto derivatives space. Hyperliquid’s Policy Center responded that on-chain perpetual contracts offer greater efficiency and transparency.

[Flash] Five Italian Divers Die During Cave Scuba Dive in Maldives Five Italian divers have died during a cave scuba diving expedition in the Maldives. Local search and rescue authorities say operations to recover the remaining divers have been temporarily suspended due to bad weather conditions. Cave diving is widely recognized as one of the most dangerous water sports, requiring specialized training and equipment.

[Flash] Judge Declares Another Mistrial in Harvey Weinstein New York Rape Case A New York judge has declared another mistrial in the rape case against Harvey Weinstein. This marks yet another significant procedural setback in a case that has been a focal point of the American justice system and public attention since the #MeToo movement. The mistrial will further extend the already lengthy legal proceedings.

[Flash] Lombard Joins LayerZero Exodus, $4B Assets Move to Chainlink Bridge DeFi protocol Lombard has announced its participation in the ongoing LayerZero asset migration, moving approximately $4 billion in assets to Chainlink’s cross-chain bridge solution. The move reflects continued capital outflows from the LayerZero ecosystem, while Chainlink’s bridging services are gaining favor among institutional-grade projects.

[Flash] U.S. Seeks Death Penalty for Suspect in Killing of Israeli Embassy Staff U.S. federal prosecutors have announced they will seek the death penalty for the suspect accused of killing Israeli embassy staff members. The case stems from a 2024 attack in Washington, D.C. that left multiple casualties. The move reflects the U.S. government’s strict stance on crimes involving the safety of diplomatic personnel.

Saudi Arabia Launches Multi-Trillion Dollar Economic Tokenization Plan Saudi Arabia is advancing an ambitious plan to tokenize its vast economic assets, aiming to protect national wealth from global financial volatility. The move marks a deep embrace of blockchain technology by the Middle East’s largest economy. As the world’s largest oil exporter with a multi-trillion dollar economy, Saudi Arabia’s tokenization efforts could have profound implications for global financial markets. Analysts note that the tokenization plan carries multiple strategic benefits. First, by converting physical assets into digital tokens, Saudi Arabia can manage its sovereign wealth more flexibly, reducing reliance on traditional financial systems. Second, the initiative may attract more international investors to the Saudi economy, supporting its economic diversification goals. ...

Trump Warns Taiwan Against Independence Hours After Xi Summit President Trump has publicly warned Taiwan against declaring independence, just hours after concluding high-stakes bilateral talks with Chinese President Xi Jinping. The statement came in the early hours of May 16 Beijing time, mere hours after Trump and Xi wrapped up what they described as “very successful” talks, though no concrete agreements were announced. Trump’s remarks on Taiwan immediately drew widespread international attention. ...

Cuba’s government said the CIA director visited Havana as the island faces its worst energy crisis in decades with widespread blackouts.

The US Department of Justice found that Yale School of Medicine discriminated against Asian and White applicants in its admissions process.