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On May 26, the Iranian Foreign Ministry stated that the United States has violated the ceasefire agreement in the Strait of Hormuz region. Iran will respond and will not hesitate in matters of self-defense.

[Iran's Foreign Ministry: U.S. Violates Ceasefire Agreement, Iran Will Respond]On May 26, the Iranian Foreign Ministry stated that the United States has violated the ceasefire agreement in the Strait of Hormuz region. Iran will respond and will not hesitate in matters of self-defense.

Iran's Foreign Ministry: U.S. Violates Ceasefire Agreement, Iran Will Respond

On May 26, Bloomberg reported that quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its initial public offering (IPO) in the United States, leveraging current investor enthusiasm for quantum computing technology to advance its listing process. According to documents submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares at a price range of $45 to $50 per share. Based on the upper limit of the issuance range and the number of shares disclosed in the filing, Quantinuum's market capitalization would reach approximately $12.7 billion. The company, supported by Honeywell International Inc., is one of the most prominent players in the current quantum computing field.

[Quantum Computing Company Quantinuum Seeks to Raise $1.05 Billion Through IPO]On May 26, Bloomberg reported that quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its initial public offering (IPO) in the United States, leveraging current investor enthusiasm for quantum computing technology to advance its listing process. According to documents submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares at a price range of $45 to $50 per share. Based on the upper limit of the issuance range and the number of shares disclosed in the filing, Quantinuum's market capitalization would reach approximately $12.7 billion. The company, supported by Honeywell International Inc., is one of the most prominent players in the current quantum computing field.

Quantum Computing Company Quantinuum Seeks to Raise $1.05 Billion Through IPO

According to monitoring by Dongcha Beating, the Kimi Code Plan subscription service under the brand 月之暗面 has recently sparked protests in the Chinese developer community due to an account banning incident. The controversy began when open-source developer Leechael created a Kimi adapter, pi-provider-kimi-code, for the terminal Agent tool Pi Coding Agent. Since Pi's official support for Kimi was initially lacking, Leechael wrote adaptation code to facilitate paid users in reusing their quotas in the terminal. However, after the adapter was launched, Kimi's official team banned Leechael's account. Meanwhile, overseas developer Noemi also claimed that her account was banned after integrating Kimi Code into Pi within a Docker container for two days, posting a screenshot of a 403 permission denied message to question the 月之暗面 officials. In response to the collective outcry from the developer community, the account banning incident saw a dramatic resolution on the afternoon of May 26. Kimi Code team member Young responded on X to overseas developer Noemi, stating, "We immediately adjusted our strategy and restored normal access to the affected accounts." The affected paid accounts were urgently unbanned. However, the situation did not settle down; instead, it quickly evolved into a second wave of public relations crisis. The official apology and unbanning statement were released only in English and selectively responded to foreign developers on X, completely ignoring the protests and refund requests initiated by domestic developers in Chinese channels. This dual standard ignited dissatisfaction among domestic paid users. Leechael publicly shared a screenshot of the README statement announcing the halt of the pi-provider-kimi-code plugin, stating, "Unbanned. Requesting a refund. Only foreign users received a public apology; Chinese users are not worth an explanation." The halt statement plainly listed three reasons for discontinuation in English: first, the official's erroneous account ban; second, the lack of any explanation or apology after the unbanning; and finally, the platform's systemic tendency for "discriminatory treatment of Chinese users," including stricter rule enforcement, opaque risk control, and lack of appeal channels. The statement pointed out that developing on a vendor base that "bans accounts first and refuses to explain later" holds no long-term value, and the adapter will henceforth be indefinitely discontinued, with no acceptance of any merge requests or new version releases.

[Kimi's Apology to Overseas Users Sparks Outrage Among Domestic Developers, Halting Open Source Plugin Updates]According to monitoring by Dongcha Beating, the Kimi Code Plan subscription service under the brand 月之暗面 has recently sparked protests in the Chinese developer community due to an account banning incident. The controversy began when open-source developer Leechael created a Kimi adapter, pi-provider-kimi-code, for the terminal Agent tool Pi Coding Agent. Since Pi's official support for Kimi was initially lacking, Leechael wrote adaptation code to facilitate paid users in reusing their quotas in the terminal. However, after the adapter was launched, Kimi's official team banned Leechael's account. Meanwhile, overseas developer Noemi also claimed that her account was banned after integrating Kimi Code into Pi within a Docker container for two days, posting a screenshot of a 403 permission denied message to question the 月之暗面 officials. In response to the collective outcry from the developer community, the account banning incident saw a dramatic resolution on the afternoon of May 26. Kimi Code team member Young responded on X to overseas developer Noemi, stating, "We immediately adjusted our strategy and restored normal access to the affected accounts." The affected paid accounts were urgently unbanned. However, the situation did not settle down; instead, it quickly evolved into a second wave of public relations crisis. The official apology and unbanning statement were released only in English and selectively responded to foreign developers on X, completely ignoring the protests and refund requests initiated by domestic developers in Chinese channels. This dual standard ignited dissatisfaction among domestic paid users. Leechael publicly shared a screenshot of the README statement announcing the halt of the pi-provider-kimi-code plugin, stating, "Unbanned. Requesting a refund. Only foreign users received a public apology; Chinese users are not worth an explanation." The halt statement plainly listed three reasons for discontinuation in English: first, the official's erroneous account ban; second, the lack of any explanation or apology after the unbanning; and finally, the platform's systemic tendency for "discriminatory treatment of Chinese users," including stricter rule enforcement, opaque risk control, and lack of appeal channels. The statement pointed out that developing on a vendor base that "bans accounts first and refuses to explain later" holds no long-term value, and the adapter will henceforth be indefinitely discontinued, with no acceptance of any merge requests or new version releases.

Kimi's Apology to Overseas Users Sparks Outrage Among Domestic Developers, Halting Open Source Plugin Updates

genius Surges 10.23% in 24H, Currently at 0.7254 USDT

【genius currently trades at 0.7254 USDT, up 10.23% in 24h, according to HTX market data.】genius Surges 10.23% in 24H, Currently at 0.7254 USDT

genius currently trades at 0.7254 USDT, up 10.23% in 24h, according to HTX market data.

On May 26, Wintermute stated that the macro environment improved significantly last week, with Brent crude oil dropping 9% due to easing tensions in Iran, the 10-year U.S. Treasury yield falling to 4.50%, and U.S. stocks rising for the eighth consecutive week to reach an all-time high, alleviating energy-driven inflation pressures. However, consumer concerns have not dissipated, as the University of Michigan Consumer Sentiment Index fell to a historic low of 44.8, and one-year inflation expectations rose to 4.8%. Meanwhile, the manufacturing PMI for May reached a four-year high, with input costs rising to their highest level since 2022, indicating a resurgence in commodity inflation. The minutes from the Federal Reserve's April meeting also signaled that 'if inflation remains stubborn, further tightening of policy may occur,' suggesting that the market has not fully priced in hawkish expectations. In the tech sector, Nvidia reported explosive earnings: Q1 revenue reached $81.6 billion, an 85% year-on-year increase, with data center business growth of 92%, and announced a $80 billion buyback along with a 25-fold increase in dividends. More critically, its Q2 guidance has already assumed zero revenue from Chinese data centers, indicating stronger actual AI demand. However, the market's reaction was unusually tepid, with after-hours stock prices barely moving, reflecting that AI trading has entered a 'perfect pricing' phase, where merely exceeding expectations is no longer sufficient to drive the market. This serves as an important warning for risk assets, including the crypto market—if AI momentum weakens, weak consumer sentiment, persistent inflation, and a potentially hawkish Federal Reserve will likely dominate market narratives. Compared to the strength of U.S. stocks, the crypto market has clearly lagged behind. BTC is hovering around $76,000, while ETH has dropped to $2,140, neither following the rise of risk assets. Over the past two weeks, more than $2 billion has flowed out of BTC spot ETFs, indicating a significant cooling of institutional funds, with marginal risk appetite shifting back to AI stocks rather than crypto assets. The ETH/BTC exchange rate continues to weaken, reaching a 10-month low, while the few assets that have shown strength against the trend are HYPE, which recorded a single-day ETF inflow of $25.5 million and showed signs of large institutional wallets accumulating. The current market structure has not fully deteriorated; long-term holders are still increasing their positions, and trading platform reserves remain low, but the short-term capital flow determining prices is turning negative. The key support level for BTC is currently between $75,000 and $76,000; if this level is breached, the market could quickly retrace to the $70,000 to $72,000 range; if it holds, there remains a chance to challenge $80,000 again.

[Wintermute: Key Bitcoin Support at $75,000-$76,000, Market Structure Not Fully Deteriorated]On May 26, Wintermute stated that the macro environment improved significantly last week, with Brent crude oil dropping 9% due to easing tensions in Iran, the 10-year U.S. Treasury yield falling to 4.50%, and U.S. stocks rising for the eighth consecutive week to reach an all-time high, alleviating energy-driven inflation pressures. However, consumer concerns have not dissipated, as the University of Michigan Consumer Sentiment Index fell to a historic low of 44.8, and one-year inflation expectations rose to 4.8%. Meanwhile, the manufacturing PMI for May reached a four-year high, with input costs rising to their highest level since 2022, indicating a resurgence in commodity inflation. The minutes from the Federal Reserve's April meeting also signaled that 'if inflation remains stubborn, further tightening of policy may occur,' suggesting that the market has not fully priced in hawkish expectations. In the tech sector, Nvidia reported explosive earnings: Q1 revenue reached $81.6 billion, an 85% year-on-year increase, with data center business growth of 92%, and announced a $80 billion buyback along with a 25-fold increase in dividends. More critically, its Q2 guidance has already assumed zero revenue from Chinese data centers, indicating stronger actual AI demand. However, the market's reaction was unusually tepid, with after-hours stock prices barely moving, reflecting that AI trading has entered a 'perfect pricing' phase, where merely exceeding expectations is no longer sufficient to drive the market. This serves as an important warning for risk assets, including the crypto market—if AI momentum weakens, weak consumer sentiment, persistent inflation, and a potentially hawkish Federal Reserve will likely dominate market narratives. Compared to the strength of U.S. stocks, the crypto market has clearly lagged behind. BTC is hovering around $76,000, while ETH has dropped to $2,140, neither following the rise of risk assets. Over the past two weeks, more than $2 billion has flowed out of BTC spot ETFs, indicating a significant cooling of institutional funds, with marginal risk appetite shifting back to AI stocks rather than crypto assets. The ETH/BTC exchange rate continues to weaken, reaching a 10-month low, while the few assets that have shown strength against the trend are HYPE, which recorded a single-day ETF inflow of $25.5 million and showed signs of large institutional wallets accumulating. The current market structure has not fully deteriorated; long-term holders are still increasing their positions, and trading platform reserves remain low, but the short-term capital flow determining prices is turning negative. The key support level for BTC is currently between $75,000 and $76,000; if this level is breached, the market could quickly retrace to the $70,000 to $72,000 range; if it holds, there remains a chance to challenge $80,000 again.

Wintermute: Key Bitcoin Support at $75,000-$76,000, Market Structure Not Fully Deteriorated

On May 26, analysts from J.P. Morgan stated that the market is currently overestimating the risks of potential interest rate hikes by central banks, creating conditions for a rebound in the least volatile stocks, such as consumer staples and utilities. Despite investors' concerns that energy price shocks from the Iran conflict could trigger another wave of rate hikes similar to the aftermath of Russia's invasion of Ukraine in 2022, the J.P. Morgan team, led by Mislav Matejka, pointed out significant differences in the current macro environment compared to that time. In a research report, the strategists noted that, given that all parties involved in the conflict are ultimately committed to seeking an 'exit strategy,' they expect bond yields and oil prices to trend downward over the next 6 to 12 months. Additionally, they predict that corporate earnings prospects will remain strong and believe that stagflation is not the most likely macro scenario for the second half of the year. (Jin Shi)

[J.P. Morgan Strategist: U.S. Stock Market Overestimates Rate Hike Risks]On May 26, analysts from J.P. Morgan stated that the market is currently overestimating the risks of potential interest rate hikes by central banks, creating conditions for a rebound in the least volatile stocks, such as consumer staples and utilities. Despite investors' concerns that energy price shocks from the Iran conflict could trigger another wave of rate hikes similar to the aftermath of Russia's invasion of Ukraine in 2022, the J.P. Morgan team, led by Mislav Matejka, pointed out significant differences in the current macro environment compared to that time. In a research report, the strategists noted that, given that all parties involved in the conflict are ultimately committed to seeking an 'exit strategy,' they expect bond yields and oil prices to trend downward over the next 6 to 12 months. Additionally, they predict that corporate earnings prospects will remain strong and believe that stagflation is not the most likely macro scenario for the second half of the year. (Jin Shi)

J.P. Morgan Strategist: U.S. Stock Market Overestimates Rate Hike Risks

On May 26, according to official news from XBIT, the XBIT DEX prediction platform has officially opened the application channel for the prediction leverage whitelist. Users who meet the requirements after signing up will unlock their eligibility, with limited spots available on a first-come, first-served basis. The prediction leverage feature is expected to be officially available to the entire platform by June 11. Concurrently, XBIT has launched a whitelist trading event (from May 26 to June 10) with a total prize pool of 30,000 USDC. Users can share in the rewards through trading, inviting friends, and leaderboard rankings.

[XBIT DEX Opens Whitelist Applications for Prediction Leverage, 30,000 USDC Trading Event Launched]On May 26, according to official news from XBIT, the XBIT DEX prediction platform has officially opened the application channel for the prediction leverage whitelist. Users who meet the requirements after signing up will unlock their eligibility, with limited spots available on a first-come, first-served basis. The prediction leverage feature is expected to be officially available to the entire platform by June 11. Concurrently, XBIT has launched a whitelist trading event (from May 26 to June 10) with a total prize pool of 30,000 USDC. Users can share in the rewards through trading, inviting friends, and leaderboard rankings.

XBIT DEX Opens Whitelist Applications for Prediction Leverage, 30,000 USDC Trading Event Launched

On May 26, quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its initial public offering (IPO) in the United States. According to documents submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares at a price range of $45 to $50 per share. Based on the upper limit of the offering range and the number of shares disclosed in the filing, Quantinuum's market capitalization would reach approximately $12.7 billion.

[Quantum Computing Company Quantinuum Seeks $1.05 Billion Through IPO]On May 26, quantum computing company Quantinuum Inc. is seeking to raise $1.05 billion through its initial public offering (IPO) in the United States. According to documents submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Quantinuum plans to issue approximately 21 million shares at a price range of $45 to $50 per share. Based on the upper limit of the offering range and the number of shares disclosed in the filing, Quantinuum's market capitalization would reach approximately $12.7 billion.

Quantum Computing Company Quantinuum Seeks $1.05 Billion Through IPO

Chris Olah, co-founder of Anthropic, stated at the Vatican on May 25 during the release of Pope Leo XIV's first AI-themed encyclical "Magnifica Humanitas" that there are three core risks of the AI era that must be taken seriously: First, artificial intelligence may massively replace human labor, and how to assist the unemployed and ensure that the benefits of AI reach vulnerable global populations remains an unresolved issue; second, with the widespread adoption of large models, how humanity, families, children, and future professions can achieve true prosperity is no longer just a technical problem; finally, AI models are exhibiting phenomena similar to human neural structures, self-reflection, and emotional states, and these unknown and unsettling discoveries warrant ongoing societal discussion.

[Catholic Church Releases First AI Encyclical, Anthropic Co-Founder Warns of Three Major Risks]Chris Olah, co-founder of Anthropic, stated at the Vatican on May 25 during the release of Pope Leo XIV's first AI-themed encyclical "Magnifica Humanitas" that there are three core risks of the AI era that must be taken seriously: First, artificial intelligence may massively replace human labor, and how to assist the unemployed and ensure that the benefits of AI reach vulnerable global populations remains an unresolved issue; second, with the widespread adoption of large models, how humanity, families, children, and future professions can achieve true prosperity is no longer just a technical problem; finally, AI models are exhibiting phenomena similar to human neural structures, self-reflection, and emotional states, and these unknown and unsettling discoveries warrant ongoing societal discussion.

Catholic Church Releases First AI Encyclical, Anthropic Co-Founder Warns of Three Major Risks

BTC is currently trading at 24003.98 USDT on Huobi Global, with a 24h increase of -0.32%.
1. The total value of the global digital currency market is $1199.53 B (+0.37 %), and the 24h trading volume is $80.35 B (-15.12 %).
2. The prices of the major Altcoins are as follows: 
ETH 1896.08 USDT (0.43%), HT 5.1762 USDT (-0.01%), XRP 0.38703 USDT (4.11%), LTC 63.76 USDT (4.90%), DOT 8.963 USDT (1.87%). 
3. In 24h,the top 3 gainers are:
COL（+58.81 %）、EOS（+24.72 %）、SOC（+20.44 %）; 
the top 3 losers are:
HYPE（-19.87 %）、FOTA（-10.75 %）、RETH（-9.13 %）. 
(Note: All rises and falls are calculated in 24h time format)
Go to Huobi Global and click 'Markets' to learn more about market information.

[Huobi Global Markets]BTC is currently trading at 24003.98 USDT on Huobi Global, with a 24h increase of -0.32%.
1. The total value of the global digital currency market is $1199.53 B (+0.37 %), and the 24h trading volume is $80.35 B (-15.12 %).
2. The prices of the major Altcoins are as follows: 
ETH 1896.08 USDT (0.43%), HT 5.1762 USDT (-0.01%), XRP 0.38703 USDT (4.11%), LTC 63.76 USDT (4.90%), DOT 8.963 USDT (1.87%). 
3. In 24h,the top 3 gainers are:
COL（+58.81 %）、EOS（+24.72 %）、SOC（+20.44 %）; 
the top 3 losers are:
HYPE（-19.87 %）、FOTA（-10.75 %）、RETH（-9.13 %）. 
(Note: All rises and falls are calculated in 24h time format)
Go to Huobi Global and click 'Markets' to learn more about market information.

Huobi Global Markets

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bill soared to 0.124024 USDT, a new high with a 24-hour increase of -6.17%. It currently trades at 0.102651 USDT on HTX.

genius soared to 0.7435 USDT, a new high with a 24-hour increase of -4.92%. It currently trades at 0.6763 USDT on HTX.

Huobi Global Markets

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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