7*24

Hot topic

Market

Activities

On May 31, White House National Economic Council Director Hassett stated on Sunday that the media's reporting on economic news often leads people to overly focus on the most severe issues present at a specific moment. Speaking on ABC's "This Week," Hassett remarked, "One thing I've noticed at the White House is that whenever a particular consumer price data appears somewhat disappointing, we only talk about that one item." He made this statement in response to questions about gasoline prices and their impact on inflation. Hassett emphasized that everyone should look at the bigger picture, rather than just focusing on energy prices or a specific sector of the economy that is temporarily struggling. "What you should do is calmly view these ups and downs and pay attention to changes in real wages," he said. "If you look closely, you'll find that due to an increase in employment, a rising stock market, and substantial corporate profits, this is translating into higher wage levels."

[White House Economic Director Urges Public to View Economic Data Fluctuations Rationally]On May 31, White House National Economic Council Director Hassett stated on Sunday that the media's reporting on economic news often leads people to overly focus on the most severe issues present at a specific moment. Speaking on ABC's "This Week," Hassett remarked, "One thing I've noticed at the White House is that whenever a particular consumer price data appears somewhat disappointing, we only talk about that one item." He made this statement in response to questions about gasoline prices and their impact on inflation. Hassett emphasized that everyone should look at the bigger picture, rather than just focusing on energy prices or a specific sector of the economy that is temporarily struggling. "What you should do is calmly view these ups and downs and pay attention to changes in real wages," he said. "If you look closely, you'll find that due to an increase in employment, a rising stock market, and substantial corporate profits, this is translating into higher wage levels."

White House Economic Director Urges Public to View Economic Data Fluctuations Rationally

On May 31, according to the Iranian Students' News Agency: Khosari, a member of the National Security and Foreign Policy Committee of Iran, stated that the current focus of negotiations is on completely ending the war. The nuclear issue has been excluded from the negotiation table. Negotiations are still ongoing, but no final agreement has been reached yet.

[Iranian Lawmaker: Nuclear Issue Not on Negotiation Agenda, Focus on Ending War]On May 31, according to the Iranian Students' News Agency: Khosari, a member of the National Security and Foreign Policy Committee of Iran, stated that the current focus of negotiations is on completely ending the war. The nuclear issue has been excluded from the negotiation table. Negotiations are still ongoing, but no final agreement has been reached yet.

Iranian Lawmaker: Nuclear Issue Not on Negotiation Agenda, Focus on Ending War

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

[Michael Saylor Releases Bitcoin Tracker Information Again, Possibly Indicating Increased BTC Holdings]On May 31, Strategy founder Michael Saylor released information related to the Bitcoin Tracker once again. Following previous patterns, Strategy typically discloses information about increased Bitcoin holdings the day after such announcements.

Michael Saylor Releases Bitcoin Tracker Information Again, Possibly Indicating Increased BTC Holdings

On May 31, on-chain analyst Ai Yi reported that the address (0xc72...0517c) opened short positions on BTC, ETH, and HYPE in mid-November last year. Currently, the short positions for BTC and ETH are valued at $7.321 million, yielding a profit of $2.5 million; the short position for HYPE is valued at $1.7 million, resulting in a loss of $1.029 million. After deductions, the overall floating profit for the account stands at $1.471 million.

[Address Shorts BTC and ETH with $2.5 Million Profit, Faces $1.029 Million Loss on HYPE]On May 31, on-chain analyst Ai Yi reported that the address (0xc72...0517c) opened short positions on BTC, ETH, and HYPE in mid-November last year. Currently, the short positions for BTC and ETH are valued at $7.321 million, yielding a profit of $2.5 million; the short position for HYPE is valued at $1.7 million, resulting in a loss of $1.029 million. After deductions, the overall floating profit for the account stands at $1.471 million.

Address Shorts BTC and ETH with $2.5 Million Profit, Faces $1.029 Million Loss on HYPE

On May 31, Federal Reserve Governor Waller stated that the global adoption of stablecoins could amplify the influence of the U.S. central bank's policies. 'For countries adopting stablecoins, it's akin to a fixed exchange rate system,' Waller remarked during an event in Dubrovnik, Croatia, on Sunday. 'You will be inputting the cost of U.S. currency, thus, in countries where stablecoins are more widely used, it effectively expands the reach of U.S. monetary policy.'

[Fed Governor Waller: Stablecoins Will Expand the Impact of U.S. Monetary Policy]On May 31, Federal Reserve Governor Waller stated that the global adoption of stablecoins could amplify the influence of the U.S. central bank's policies. 'For countries adopting stablecoins, it's akin to a fixed exchange rate system,' Waller remarked during an event in Dubrovnik, Croatia, on Sunday. 'You will be inputting the cost of U.S. currency, thus, in countries where stablecoins are more widely used, it effectively expands the reach of U.S. monetary policy.'

Fed Governor Waller: Stablecoins Will Expand the Impact of U.S. Monetary Policy

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

According to star-telegram.com, Fort Worth of U.S. Texas could start mining bitcoin. The City Council will vote Tuesday on a resolution that would encourage the technology’s development as well as accept the donation of three bitcoin mining machines from the industry advocacy group Texas Blockchain Council. The resolution would position the city as “crypto-friendly, welcoming to the industry and to those responsible businesses contributing to the development of this evolving technology.” The three bitcoin mining machines, valued at $2,100, would be given to the city free of charge for a six-month pilot program. It’s not clear how much the city will pay to operate the machines or whether the city will earn any revenue. Representatives for the city declined to comment ahead of Tuesday’s vote. If passed, Fort Worth would join cities like Miami and New York looking to capture investment into bitcoin and other cyptocurrency technology companies.

Detail

【U.S. Texas’ Fort Worth might start mining bitcoin】According to star-telegram.com, Fort Worth of U.S. Texas could start mining bitcoin. The City Council will vote Tuesday on a resolution that would encourage the technology’s development as well as accept the donation of three bitcoin mining machines from the industry advocacy group Texas Blockchain Council. The resolution would position the city as “crypto-friendly, welcoming to the industry and to those responsible businesses contributing to the development of this evolving technology.” The three bitcoin mining machines, valued at $2,100, would be given to the city free of charge for a six-month pilot program. It’s not clear how much the city will pay to operate the machines or whether the city will earn any revenue. Representatives for the city declined to comment ahead of Tuesday’s vote. If passed, Fort Worth would join cities like Miami and New York looking to capture investment into bitcoin and other cyptocurrency technology companies.

U.S. Texas’ Fort Worth might start mining bitcoin

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

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

sfp currently trades at 0.3008 USDT, up 11.78% in 24h, according to HTX market data.

BTC breaks through 74000 USDT

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

U.S. Texas’ Fort Worth might start mining bitcoin

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

Artículos relacionados

Todos los comentarios0Lo más recientePopular

Temas populares

Artículos relacionados