7*24

Hot topic

Market

Activities

On May 31, Argentine authorities arrested 24 individuals in a nationwide crackdown on suspected investment fraud and seized over $50 million in cryptocurrency assets.

[Argentine Authorities Arrest 24 and Seize Over $50 Million in Crypto Assets]On May 31, Argentine authorities arrested 24 individuals in a nationwide crackdown on suspected investment fraud and seized over $50 million in cryptocurrency assets.

Argentine Authorities Arrest 24 and Seize Over $50 Million in Crypto Assets

On May 31, according to Iran's Tasnim News Agency, discussions between Iran and the United States regarding a potential memorandum of understanding draft are still ongoing. Both sides are taking turns to propose amendments, and no agreement has been finalized yet.

[Iran and US Continue Discussions on Potential Memorandum of Understanding Draft]On May 31, according to Iran's Tasnim News Agency, discussions between Iran and the United States regarding a potential memorandum of understanding draft are still ongoing. Both sides are taking turns to propose amendments, and no agreement has been finalized yet.

Iran and US Continue Discussions on Potential Memorandum of Understanding Draft

On May 31, crypto analyst Marcus Corvinus stated that Bitcoin has recently rebounded from the key on-chain support level near $71,400. This level corresponds to the average holding cost for investors who have held their positions for 3 to 6 months and is currently the most important short-term support area for BTC. Corvinus believes that since this group is still in profit, there is strong motivation to maintain this price range. If the rebound continues, the next target for BTC could be $78,200, which corresponds to the average holding cost for investors who have held their positions for 6 to 12 months. Data from Glassnode shows that since 2017, when Bitcoin breaks above the cost line for 3 to 6 months investors, the average increase over the next 90 days is 21.9%, and the average increase over 180 days is 36.6%. Based on the current price of approximately $74,000, the corresponding target prices are about $90,200 and $101,100. However, from a technical perspective, BTC is still in a bearish flag pattern on the daily chart. If it breaks below the current support trend line, the price may further retreat to the range of $50,000 to $60,000.

[Analysis: $71,400 is a Key Support Level for Bitcoin, Potential Bounce to $78,200]On May 31, crypto analyst Marcus Corvinus stated that Bitcoin has recently rebounded from the key on-chain support level near $71,400. This level corresponds to the average holding cost for investors who have held their positions for 3 to 6 months and is currently the most important short-term support area for BTC. Corvinus believes that since this group is still in profit, there is strong motivation to maintain this price range. If the rebound continues, the next target for BTC could be $78,200, which corresponds to the average holding cost for investors who have held their positions for 6 to 12 months. Data from Glassnode shows that since 2017, when Bitcoin breaks above the cost line for 3 to 6 months investors, the average increase over the next 90 days is 21.9%, and the average increase over 180 days is 36.6%. Based on the current price of approximately $74,000, the corresponding target prices are about $90,200 and $101,100. However, from a technical perspective, BTC is still in a bearish flag pattern on the daily chart. If it breaks below the current support trend line, the price may further retreat to the range of $50,000 to $60,000.

Analysis: $71,400 is a Key Support Level for Bitcoin, Potential Bounce to $78,200

On May 31, Strategy founder Michael Saylor released information related to the Bitcoin Tracker once again. Following previous patterns, Strategy typically discloses information about increasing Bitcoin holdings on the day after such announcements.

[Michael Saylor Releases Bitcoin Tracker Information Again, Suggesting Possible BTC Accumulation]On May 31, Strategy founder Michael Saylor released information related to the Bitcoin Tracker once again. Following previous patterns, Strategy typically discloses information about increasing Bitcoin holdings on the day after such announcements.

Michael Saylor Releases Bitcoin Tracker Information Again, Suggesting Possible BTC Accumulation

On May 31, JPMorgan CEO Jamie Dimon issued a warning regarding the U.S. crypto market structure bill known as the 'CLARITY Act'. He stated that if stablecoin issuers are allowed to provide returns to users similar to bank deposit interest, this model could ultimately 'blow up'. Dimon noted that the bill permits crypto companies to offer returns akin to deposit interest through stablecoin accounts without adequate regulatory protections, which the banking sector would not accept. He remarked, 'I am not worried about stablecoins themselves, but if this happens, I will not participate, and it will eventually blow up.' The 'CLARITY Act' aims to clarify the regulatory framework for the U.S. crypto industry and delineate the responsibilities of regulatory agencies. Previously, Patrick Witt, executive director of the U.S. Digital Asset Advisory Committee, indicated that the Trump administration planned to push for the bill's passage before July 4. However, data from Polymarket shows that the probability of the 'CLARITY Act' being passed by 2026 has fallen from nearly 70% to just above 50%.

[JPMorgan CEO Warns: Stablecoins Offering Interest Like Deposits May Eventually 'Blow Up']On May 31, JPMorgan CEO Jamie Dimon issued a warning regarding the U.S. crypto market structure bill known as the 'CLARITY Act'. He stated that if stablecoin issuers are allowed to provide returns to users similar to bank deposit interest, this model could ultimately 'blow up'. Dimon noted that the bill permits crypto companies to offer returns akin to deposit interest through stablecoin accounts without adequate regulatory protections, which the banking sector would not accept. He remarked, 'I am not worried about stablecoins themselves, but if this happens, I will not participate, and it will eventually blow up.' The 'CLARITY Act' aims to clarify the regulatory framework for the U.S. crypto industry and delineate the responsibilities of regulatory agencies. Previously, Patrick Witt, executive director of the U.S. Digital Asset Advisory Committee, indicated that the Trump administration planned to push for the bill's passage before July 4. However, data from Polymarket shows that the probability of the 'CLARITY Act' being passed by 2026 has fallen from nearly 70% to just above 50%.

JPMorgan CEO Warns: Stablecoins Offering Interest Like Deposits May Eventually 'Blow Up'

On May 31, MiniMax Group Inc. announced that its board of directors has resolved to explore a preliminary proposal for the issuance of shares in RMB, which may involve entering into agreements with professional advisors and consulting with relevant securities or other regulatory authorities. The company has engaged professional advisors to provide consultation on meeting the requirements for listing on the Sci-Tech Innovation Board and has signed a mentoring agreement. The issuance of shares in RMB will depend on market conditions and necessary regulatory approvals.

[MiniMax: Evaluation for Listing on the Sci-Tech Innovation Board]On May 31, MiniMax Group Inc. announced that its board of directors has resolved to explore a preliminary proposal for the issuance of shares in RMB, which may involve entering into agreements with professional advisors and consulting with relevant securities or other regulatory authorities. The company has engaged professional advisors to provide consultation on meeting the requirements for listing on the Sci-Tech Innovation Board and has signed a mentoring agreement. The issuance of shares in RMB will depend on market conditions and necessary regulatory approvals.

MiniMax: Evaluation for Listing on the Sci-Tech Innovation Board

On May 31, MiniMax Group Inc. announced that its board of directors has resolved to explore a preliminary proposal for the issuance of shares in RMB. This may involve entering into agreements with professional advisors and consulting with relevant securities or other regulatory agencies. The company has engaged professional advisors to provide consultation on meeting the listing requirements for the STAR Market and has signed a mentoring agreement. The issuance of shares in RMB will depend on market conditions and necessary regulatory approvals.

[MiniMax Plans to Go Public on the STAR Market]On May 31, MiniMax Group Inc. announced that its board of directors has resolved to explore a preliminary proposal for the issuance of shares in RMB. This may involve entering into agreements with professional advisors and consulting with relevant securities or other regulatory agencies. The company has engaged professional advisors to provide consultation on meeting the listing requirements for the STAR Market and has signed a mentoring agreement. The issuance of shares in RMB will depend on market conditions and necessary regulatory approvals.

MiniMax Plans to Go Public on the STAR Market

On May 31, Israeli Prime Minister Netanyahu stated: I previously instructed the Israeli military to expand operations in Lebanon. The current directive is to deepen and expand our control over areas controlled by Hezbollah.

[Israel: Strengthening Control Over Hezbollah Territories]On May 31, Israeli Prime Minister Netanyahu stated: I previously instructed the Israeli military to expand operations in Lebanon. The current directive is to deepen and expand our control over areas controlled by Hezbollah.

Israel: Strengthening Control Over Hezbollah Territories

According to Cointelegraph, former United States Federal Reserve vice-chair for supervision Randal Quarles discussed central bank digital currencies (CBDC) and the chances of the U.S. adopting such technology in an interview on the "Banking With Interest" podcast Tuesday. Quarles, who is known for his opposition to a CBDC, expressed his skepticism about the so-called digital dollar and predicted the U.S. will not introduce it. Quarles said a close analysis of CBDCs would show that their advantages are “extremely marginal, if they exist at all.” He did not see the potential for CBDCs in promoting financial inclusion. Using a CBDC to exclude the role of the bank would be “pathological,” he added. Quarles said opinions on CBDCs differ within the Fed, but he lamented the attitude of following in other nations' footsteps just for the sake of it. He did not think a bill authorizing a CBDC could pass Congress.

Detail

【Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC】According to Cointelegraph, former United States Federal Reserve vice-chair for supervision Randal Quarles discussed central bank digital currencies (CBDC) and the chances of the U.S. adopting such technology in an interview on the "Banking With Interest" podcast Tuesday. Quarles, who is known for his opposition to a CBDC, expressed his skepticism about the so-called digital dollar and predicted the U.S. will not introduce it. Quarles said a close analysis of CBDCs would show that their advantages are “extremely marginal, if they exist at all.” He did not see the potential for CBDCs in promoting financial inclusion. Using a CBDC to exclude the role of the bank would be “pathological,” he added. Quarles said opinions on CBDCs differ within the Fed, but he lamented the attitude of following in other nations' footsteps just for the sake of it. He did not think a bill authorizing a CBDC could pass Congress.

Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC

Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

Microsoft to Discontinue Using Claude: Too Expensive, or a Calculated Move?

NeoCloud Three Giants: NBIS, IREN, CRWV – Which One Has More Investment Value?

US Spot Bitcoin ETFs Near Yearly Outflow Territory

New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

Galxe: How a Quest Platform Evolved into Web3's Growth Infrastructure

Investors Frantically Snap Up AI Firms with 'No Profits': A High-Stakes Gamble on 'the Right to Define the Future'

The 'Stock Call King' Serenity: 3840% Annual Return, Beating Institutions to the Punch

IOSG: DeFi at Its Most Critical Moment, The Real Vulnerability Lies Not in the Code

Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

Article

BTC breaks through 74000 USDT

U.S. Defense Secretary Hegseth: Strait of Hormuz Will Be Fully Open and Free

U.S. Government Prohibits Agreements for 'Safe Passage' with Iran; Navigation in Hormuz Remains Challenging

Maji Increases Ethereum Long Positions, Holding Value Reaches $10.36 Million, Less Than 2% from Liquidation Price

IRGC Claims to Have Shot Down US MQ-1 Drone

Trump Announces Perfect Score on IQ Test, Calls it a 'Rare Achievement'

Israeli Defense Minister Issues Stern Warning to Hezbollah

TRX breaks through 0.35 USDT

Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral

News

Tariffs Crash Crypto

Share Your HTX Earn Strategies and Earnings

Claim1,200 USDT in the Monthly Creation Challenge

Hit March's Interaction Leaderboard

Share Your Thoughts on Popular Assets in March

Share Crypto Stories to Win 400 USDT

Contest for HTX Community's Most Popular Post

Post To Earn Bonus

Share Your Thoughts on Popular Assets in June

Check In to Win a 20g Gold Bar

Topic

Special

Post

1$ Margin Trade

BILL: Human-AI Collaboration Network

ZEST: Bitcoin Lending Protocol

ATWO: Fans Vote to Change Live Outcomes

HTXSquare: Global Markets After Trump China Visit

Grab Your Share of the 300 USDT Prize Pool!

TWT: Trust Wallet Ecosystem Token

BTC Shakes at $80K—Up or Down?

Everything Can Be Huobao

MEGA: Real-Time Execution Layer for Ethereum

$110K Spring Airdrop Rain—18 Days Straight!

HTX  Creation Challenge — Post and Win 1,500U 💥

Rain: Uniswap for Predictions on Arbitrum

MU: Top Memory Chip Maker 

Orca: Top AMM DEX on Solana

ZBT: Real-Time ZK Prover Network

BLEND: Multi-Language L2 Rollup

Genius: First Private On-Chain Terminal

BIO: DeSci Governance & Liquidity

CHIP: Yield-Bearing Synthetic Stablecoin

Recommend

Follow

Articles

Community

Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles