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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

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 not reaching the required two-thirds support threshold. Previously, the Cardano Foundation submitted a revised proposal requesting a disbursement of 7.8 million ADA (approximately $2 million) from the treasury to host the summit in Singapore in October. 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 founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard had publicly called for support for the proposal before the voting deadline, but it ultimately did not pass.

[Cardano 2026 Summit Canceled Due to Failed Treasury Proposal]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 not reaching the required two-thirds support threshold. Previously, the Cardano Foundation submitted a revised proposal requesting a disbursement of 7.8 million ADA (approximately $2 million) from the treasury to host the summit in Singapore in October. 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 founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard had publicly called for support for the proposal before the voting deadline, but it ultimately did not pass.

Cardano 2026 Summit Canceled Due to Failed Treasury Proposal

On May 31, CNN reported that officials stated Trump made modifications to the proposed agreement with Iran after meeting with his advisors on Friday, which will extend the negotiation process by another week. The specific changes requested by Trump remain unclear, but officials indicated that the president insists on incorporating tougher language regarding Iran's nuclear commitments and guarantees for the reopening of the Strait of Hormuz. As disputes over the wording of the agreement continue, it remains uncertain how these differences will be resolved. Axios and The New York Times previously reported on Trump's proposed modifications.

[US Media: Trump's Modifications to Proposed Agreement Extend US-Iran Negotiations by One Week]On May 31, CNN reported that officials stated Trump made modifications to the proposed agreement with Iran after meeting with his advisors on Friday, which will extend the negotiation process by another week. The specific changes requested by Trump remain unclear, but officials indicated that the president insists on incorporating tougher language regarding Iran's nuclear commitments and guarantees for the reopening of the Strait of Hormuz. As disputes over the wording of the agreement continue, it remains uncertain how these differences will be resolved. Axios and The New York Times previously reported on Trump's proposed modifications.

US Media: Trump's Modifications to Proposed Agreement Extend US-Iran Negotiations by One Week

On May 31, Federal Reserve Governor Waller stated during a panel discussion at the 32nd Dubrovnik Economic Conference that the global adoption of stablecoins could amplify the influence of Federal Reserve policies. "For countries adopting stablecoins, it's akin to a fixed exchange rate system. 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." (Jin Shi)

[Fed Governor Waller: The Popularity of Stablecoins Will Amplify Fed Policy Influence]On May 31, Federal Reserve Governor Waller stated during a panel discussion at the 32nd Dubrovnik Economic Conference that the global adoption of stablecoins could amplify the influence of Federal Reserve policies. "For countries adopting stablecoins, it's akin to a fixed exchange rate system. 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." (Jin Shi)

Fed Governor Waller: The Popularity of Stablecoins Will Amplify Fed Policy Influence

On May 31, according to Coinglass data, if Bitcoin breaks through $75,000, the cumulative short liquidation intensity on mainstream CEX will reach $453 million. Conversely, if Bitcoin falls below $72,000, the cumulative long liquidation intensity on mainstream CEX will reach $670 million.

[If Bitcoin Surpasses $75,000, Mainstream CEX Short Liquidation Intensity Will Reach $453 Million]On May 31, according to Coinglass data, if Bitcoin breaks through $75,000, the cumulative short liquidation intensity on mainstream CEX will reach $453 million. Conversely, if Bitcoin falls below $72,000, the cumulative long liquidation intensity on mainstream CEX will reach $670 million.

If Bitcoin Surpasses $75,000, Mainstream CEX Short Liquidation Intensity Will Reach $453 Million

On May 31, according to news from the US on May 30, a robotics startup based in San Francisco plans to send upgraded humanoid robots to Ukraine this year for ongoing military testing. The company's representative stated that the data collected from real-world tests in Ukraine will provide insights for future collaborations with the US military. The company aims to use the humanoid robots for frontline testing with the US military within 18 months. There has been no response from the Ukrainian Ministry of Defense or the US Department of Defense regarding the reports. (CCTV News)

[US Company Plans to Test Upgraded Humanoid Robots on Ukrainian Battlefield]On May 31, according to news from the US on May 30, a robotics startup based in San Francisco plans to send upgraded humanoid robots to Ukraine this year for ongoing military testing. The company's representative stated that the data collected from real-world tests in Ukraine will provide insights for future collaborations with the US military. The company aims to use the humanoid robots for frontline testing with the US military within 18 months. There has been no response from the Ukrainian Ministry of Defense or the US Department of Defense regarding the reports. (CCTV News)

US Company Plans to Test Upgraded Humanoid Robots on Ukrainian Battlefield

Carl Agren appointed as the new CEO of Phoenix Technology. Agren joins with plans to expand the company's operations to new markets globally
Phoenix Technology signs an agreement, becoming the exclusive sales partner of WhatsMiner in the region. $300 million investment for acquiring, developing, maintaining, and operating sites around the globe.

Detail

【Phoenix Technology eyes global expansion and announces an investment of $300 million】Carl Agren appointed as the new CEO of Phoenix Technology. Agren joins with plans to expand the company's operations to new markets globally
Phoenix Technology signs an agreement, becoming the exclusive sales partner of WhatsMiner in the region. $300 million investment for acquiring, developing, maintaining, and operating sites around the globe.

Phoenix Technology eyes global expansion and announces an investment of $300 million

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Article

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

Phoenix Technology eyes global expansion and announces an investment of $300 million

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

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