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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

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

1. Morocco's Central Bank to unveil crypto regulation bill soon.
2. Russian parliament approves tax break for issuers of cryptocurrencies.
3. Uzbekistan would allow Bitcoin mining with solar energy.
4. eBay files NFT-related trademark application.

#POLICY
1. Russian parliament approves tax break for issuers of cryptocurrencies.
2. Uzbekistan would allow Bitcoin mining with solar energy.
3. Morocco's Central Bank to unveil crypto regulation bill soon.

#CRYPTOCURRENCY 
1. Terraform Labs-related wallets hold $3.6B in USDT and UST.
2. Uniswap market cap drops more than $800M in May.
3. Ronin completes hard fork upgrade, Ronin bridge will restart today.
4. Harmony attackers transferred more than 18,000 ETHs to Tornado Cash several times.
5. Hodlnaut has repaid about 3M USDT on Compound.
6. Bitcoin Exchange Net Flow reaches a 1-month high.
7. Report: U.S. stock-listed mining companies generally fall.
8. MakerDAO MIP65 voting has ended.
9. Celsius address has withdrawn 12,880 ETH liquidity on Bancor.

#NFT 
1. eBay files NFT-related trademark application.
2. Wrigley has submitted NFT and metaverse trademark applications for Green Arrow.
3. Doodles Season 2 NFT supports users to dynamically adjust NFT.
4. Discord server of NFT project FRENCY BEAR hacked.
5. Nickydooodles.eth hacked, 17 ETH and NFT collections stolen.
6. BAYC USD transaction volume surpasses CryptoPunks.
7. The global NFT market is expected to reach $9.845B by 2027: Report.

#FUNDING 
1. Fintech firm PolySign raises $53M to expand staff.
2. Bertelsmann raises $500 mn for India, eyes early-stage investments.
3. UK green supply chain startup Circulor raises $25M for US expansion.

#METAVERSE
1. earex launches the Play-and-Earn game based on Instagram AR Mask.
2. HTC announces HTC Desire 22 Pro, first metaverse mobile phone.

#Web 3
1. Bank of America says crypto winter concerns haven't frozen investor interest.
2. KPMG: Investing $30 million in Web3 and the Metaverse in 2023.

Detail

【Huobi Daily】1. Morocco's Central Bank to unveil crypto regulation bill soon.
2. Russian parliament approves tax break for issuers of cryptocurrencies.
3. Uzbekistan would allow Bitcoin mining with solar energy.
4. eBay files NFT-related trademark application.

#POLICY
1. Russian parliament approves tax break for issuers of cryptocurrencies.
2. Uzbekistan would allow Bitcoin mining with solar energy.
3. Morocco's Central Bank to unveil crypto regulation bill soon.

#CRYPTOCURRENCY 
1. Terraform Labs-related wallets hold $3.6B in USDT and UST.
2. Uniswap market cap drops more than $800M in May.
3. Ronin completes hard fork upgrade, Ronin bridge will restart today.
4. Harmony attackers transferred more than 18,000 ETHs to Tornado Cash several times.
5. Hodlnaut has repaid about 3M USDT on Compound.
6. Bitcoin Exchange Net Flow reaches a 1-month high.
7. Report: U.S. stock-listed mining companies generally fall.
8. MakerDAO MIP65 voting has ended.
9. Celsius address has withdrawn 12,880 ETH liquidity on Bancor.

#NFT 
1. eBay files NFT-related trademark application.
2. Wrigley has submitted NFT and metaverse trademark applications for Green Arrow.
3. Doodles Season 2 NFT supports users to dynamically adjust NFT.
4. Discord server of NFT project FRENCY BEAR hacked.
5. Nickydooodles.eth hacked, 17 ETH and NFT collections stolen.
6. BAYC USD transaction volume surpasses CryptoPunks.
7. The global NFT market is expected to reach $9.845B by 2027: Report.

#FUNDING 
1. Fintech firm PolySign raises $53M to expand staff.
2. Bertelsmann raises $500 mn for India, eyes early-stage investments.
3. UK green supply chain startup Circulor raises $25M for US expansion.

#METAVERSE
1. earex launches the Play-and-Earn game based on Instagram AR Mask.
2. HTC announces HTC Desire 22 Pro, first metaverse mobile phone.

#Web 3
1. Bank of America says crypto winter concerns haven't frozen investor interest.
2. KPMG: Investing $30 million in Web3 and the Metaverse in 2023.

Huobi Daily

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