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Market data shows that ETH has fallen below $2000, currently priced at $1999.41, with a 24-hour decline of 1.36%. The market is experiencing significant volatility, so please ensure proper risk management.

[ETH Falls Below $2000]Market data shows that ETH has fallen below $2000, currently priced at $1999.41, with a 24-hour decline of 1.36%. The market is experiencing significant volatility, so please ensure proper risk management.

ETH Falls Below $2000

bill Surges 10.71% in 24H, Currently at 0.082308 USDT

【bill currently trades at 0.082308 USDT, up 10.71% in 24h, according to HTX market data.】bill Surges 10.71% in 24H, Currently at 0.082308 USDT

bill currently trades at 0.082308 USDT, up 10.71% in 24h, according to HTX market data.

U.S. Treasury Secretary Benset stated that Iran's attacks on neighboring countries around the Persian Gulf are a 'major mistake,' which has led regional allies to cooperate more closely with the U.S. on freezing Iranian funds. In an interview with Fox News, Benset said, 'In the past, many allies were not completely forthcoming about Iranian funds within their banking systems. Now these countries have changed their stance, proactively cooperating to hand over relevant accounts and assisting us in freezing and seizing funds.' He added, 'There are also comprehensive blockade measures. On one hand, there is an economic blockade targeting funds, and on the other hand, there is a physical blockade on shipping, obstructing vessels traveling to Iranian ports.' Benset pointed out, 'Hark Island has now ceased operations. This is Iran's main oil loading and unloading base, which also means Iran must shut down some oil wells.'

[Benset: Iran's Attacks on Neighboring Gulf Countries are a 'Major Mistake']U.S. Treasury Secretary Benset stated that Iran's attacks on neighboring countries around the Persian Gulf are a 'major mistake,' which has led regional allies to cooperate more closely with the U.S. on freezing Iranian funds. In an interview with Fox News, Benset said, 'In the past, many allies were not completely forthcoming about Iranian funds within their banking systems. Now these countries have changed their stance, proactively cooperating to hand over relevant accounts and assisting us in freezing and seizing funds.' He added, 'There are also comprehensive blockade measures. On one hand, there is an economic blockade targeting funds, and on the other hand, there is a physical blockade on shipping, obstructing vessels traveling to Iranian ports.' Benset pointed out, 'Hark Island has now ceased operations. This is Iran's main oil loading and unloading base, which also means Iran must shut down some oil wells.'

Benset: Iran's Attacks on Neighboring Gulf Countries are a 'Major Mistake'

HTX data monitoring shows that DOGE has fallen below 0.1 USDT, currently reported at 0.1 USDT, with a 24H decline of 1.58%.

【DOGE falls below 0.1 USDT】HTX data monitoring shows that DOGE has fallen below 0.1 USDT, currently reported at 0.1 USDT, with a 24H decline of 1.58%.

DOGE falls below 0.1 USDT

HTX data monitoring shows that UNI has dropped below 3 USDT, currently reported at 3 USDT, with a 24H decline of 2.93%.

【UNI falls below 3 USDT】HTX data monitoring shows that UNI has dropped below 3 USDT, currently reported at 3 USDT, with a 24H decline of 2.93%.

UNI falls below 3 USDT

On May 31, the Cardano Foundation announced that the Cardano 2026 Summit, originally scheduled for this year, has been officially canceled due to the on-chain governance vote failing to reach the required two-thirds support threshold. Previously, the Cardano Foundation submitted a revised proposal requesting the allocation of 7.8 million ADA (approximately 2 million USD) from the treasury to fund the summit set to take place in October in Singapore. Although the proposal received a 65.21% support rate from DRep stakers and a majority of representatives in favor, it did not meet the 66.67% approval threshold required for treasury funding proposals.

[Cardano 2026 Summit Canceled Due to Treasury Funding Proposal Rejection]On May 31, the Cardano Foundation announced that the Cardano 2026 Summit, originally scheduled for this year, has been officially canceled due to the on-chain governance vote failing to reach the required two-thirds support threshold. Previously, the Cardano Foundation submitted a revised proposal requesting the allocation of 7.8 million ADA (approximately 2 million USD) from the treasury to fund the summit set to take place in October in Singapore. Although the proposal received a 65.21% support rate from DRep stakers and a majority of representatives in favor, it did not meet the 66.67% approval threshold required for treasury funding proposals.

Cardano 2026 Summit Canceled Due to Treasury Funding Proposal Rejection

On May 31, regarding the US-Iran ceasefire agreement and the opening of the Strait of Hormuz, Trump stated that the agreement is close to being finalized and demanded that Iran abandon its nuclear weapons capability and open the Strait of Hormuz. Iran, however, denied that it had approved the final text of the agreement and emphasized that there are still differences in the related arrangements. US Defense Secretary Hegseth warned that if negotiations fail, the US is prepared to resume military actions against Iran. If both sides can further confirm the extension of the ceasefire or reach a phased agreement next week, risk assets may continue to benefit, while oil prices and safe-haven assets could face new directional choices. On the macro front, the US will release key economic data next week, including the seasonally adjusted non-farm payrolls for May and the unemployment rate for May. Additionally, several Federal Reserve officials will speak, and the market will further assess the balance between the slowing US economy and inflationary pressures, as well as changes in the future interest rate path. Key events to watch include: Monday at 11:00, the opening of the NVIDIA GTC Taipei 2026 conference with a keynote speech by Jensen Huang. Tuesday at 13:50, a speech by Minneapolis Fed President Kashkari, a 2026 FOMC voting member; at 20:30, a speech on monetary policy by Cleveland Fed President Mester, also a 2026 FOMC voting member; at 22:00, US April JOLTs job openings; Wednesday at 20:15, US May ADP employment numbers; at 22:00, US May ISM Non-Manufacturing PMI; Thursday at 02:00, the Federal Reserve's Beige Book on economic conditions; at 20:30, initial jobless claims for the week ending May 30; Friday at 01:10, a speech by San Francisco Fed President Daly; at 20:30, US May seasonally adjusted non-farm payrolls and unemployment rate. Meanwhile, AI remains the core theme driving the rise of global risk assets. As the earnings season comes to a close, the market will continue to focus on the performance of companies such as CrowdStrike, Palo Alto Networks, and Broadcom to observe whether the AI investment boom can continue to spread to more industries. After the US stock market ended May at a historic high, the market will also face the traditional 'June curse' test. In an election year, June is typically the worst month for US stock performance, and investors generally expect the market may soon enter a short-term consolidation phase.

[Macroeconomic Outlook for Next Week: US-Iran Negotiations Enter Critical Window, Non-Farm Payroll and Unemployment Data Ahead]On May 31, regarding the US-Iran ceasefire agreement and the opening of the Strait of Hormuz, Trump stated that the agreement is close to being finalized and demanded that Iran abandon its nuclear weapons capability and open the Strait of Hormuz. Iran, however, denied that it had approved the final text of the agreement and emphasized that there are still differences in the related arrangements. US Defense Secretary Hegseth warned that if negotiations fail, the US is prepared to resume military actions against Iran. If both sides can further confirm the extension of the ceasefire or reach a phased agreement next week, risk assets may continue to benefit, while oil prices and safe-haven assets could face new directional choices. On the macro front, the US will release key economic data next week, including the seasonally adjusted non-farm payrolls for May and the unemployment rate for May. Additionally, several Federal Reserve officials will speak, and the market will further assess the balance between the slowing US economy and inflationary pressures, as well as changes in the future interest rate path. Key events to watch include: Monday at 11:00, the opening of the NVIDIA GTC Taipei 2026 conference with a keynote speech by Jensen Huang. Tuesday at 13:50, a speech by Minneapolis Fed President Kashkari, a 2026 FOMC voting member; at 20:30, a speech on monetary policy by Cleveland Fed President Mester, also a 2026 FOMC voting member; at 22:00, US April JOLTs job openings; Wednesday at 20:15, US May ADP employment numbers; at 22:00, US May ISM Non-Manufacturing PMI; Thursday at 02:00, the Federal Reserve's Beige Book on economic conditions; at 20:30, initial jobless claims for the week ending May 30; Friday at 01:10, a speech by San Francisco Fed President Daly; at 20:30, US May seasonally adjusted non-farm payrolls and unemployment rate. Meanwhile, AI remains the core theme driving the rise of global risk assets. As the earnings season comes to a close, the market will continue to focus on the performance of companies such as CrowdStrike, Palo Alto Networks, and Broadcom to observe whether the AI investment boom can continue to spread to more industries. After the US stock market ended May at a historic high, the market will also face the traditional 'June curse' test. In an election year, June is typically the worst month for US stock performance, and investors generally expect the market may soon enter a short-term consolidation phase.

Macroeconomic Outlook for Next Week: US-Iran Negotiations Enter Critical Window, Non-Farm Payroll and Unemployment Data Ahead

On May 31, Bitcoin fluctuated around $73,500 over the weekend. If the current level remains unchanged, Bitcoin will record a monthly decline of about 3% for May. Next week, U.S. labor market data will be a significant variable affecting risk assets, including the ISM Manufacturing PMI, ADP employment data, and the non-farm payroll report. Andre Dragosch, Head of Research at Bitwise Europe, stated that if Bitcoin continues to trade in line with economic growth and risk appetite logic, it should be repriced higher from the current level. Trader Rekt Capital noted that $73,000 is the current key support level. If Bitcoin closes above this level on a weekly basis, it will be more favorable for confirming a double bottom breakout pattern and sustaining the subsequent upward trend.

[Analyst: Key Support Level for Bitcoin at $73,000, Weekly Close Above Could Confirm Double Bottom Breakout]On May 31, Bitcoin fluctuated around $73,500 over the weekend. If the current level remains unchanged, Bitcoin will record a monthly decline of about 3% for May. Next week, U.S. labor market data will be a significant variable affecting risk assets, including the ISM Manufacturing PMI, ADP employment data, and the non-farm payroll report. Andre Dragosch, Head of Research at Bitwise Europe, stated that if Bitcoin continues to trade in line with economic growth and risk appetite logic, it should be repriced higher from the current level. Trader Rekt Capital noted that $73,000 is the current key support level. If Bitcoin closes above this level on a weekly basis, it will be more favorable for confirming a double bottom breakout pattern and sustaining the subsequent upward trend.

Analyst: Key Support Level for Bitcoin at $73,000, Weekly Close Above Could Confirm Double Bottom Breakout

On May 31, according to the Iranian Students' News Agency, Khosravi, a member of the National Security and Foreign Policy Committee of Iran, stated that the nuclear issue has been excluded from the negotiation table, and no final agreement has been reached yet. (Jinshi)

[Iranian Official: Nuclear Issue Excluded from Negotiations, No Final Agreement Reached Yet]On May 31, according to the Iranian Students' News Agency, Khosravi, a member of the National Security and Foreign Policy Committee of Iran, stated that the nuclear issue has been excluded from the negotiation table, and no final agreement has been reached yet. (Jinshi)

Iranian Official: Nuclear Issue Excluded from Negotiations, No Final Agreement Reached Yet

According to Forkast, the South Korean National Assembly Research Service (NARS) asserted a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won (US$1,942.20) threshold, contradicting new president Yoon Suk-yeol’s initiative to raise the limit to 50 million won. Digital asset gains need to be classified as a financial investment income and allow deduction of loss carryover, according to the NARS Current Issues and Analysis report. The report also upheld that the crypto tax start date of Jan. 1, 2023 should no longer be delayed to 2025 as the nation’s deputy prime and finance minister nominee Choo Kyung-ho suggested in early May.

Detail

【S.Korean president’s plan to raise crypto tax threshold hits road bump】According to Forkast, the South Korean National Assembly Research Service (NARS) asserted a 20% tax on cryptocurrency gains set for 2023 must maintain a 2.5 million won (US$1,942.20) threshold, contradicting new president Yoon Suk-yeol’s initiative to raise the limit to 50 million won. Digital asset gains need to be classified as a financial investment income and allow deduction of loss carryover, according to the NARS Current Issues and Analysis report. The report also upheld that the crypto tax start date of Jan. 1, 2023 should no longer be delayed to 2025 as the nation’s deputy prime and finance minister nominee Choo Kyung-ho suggested in early May.

S.Korean president’s plan to raise crypto tax threshold hits road bump

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

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US Spot Bitcoin ETFs Near Yearly Outflow Territory

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

DeFi Has Reached Its Most Dangerous Moment: The Real Vulnerabilities Are Not in the Code

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

S.Korean president’s plan to raise crypto tax threshold hits road bump

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