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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

1. Nasdaq is preparing to launch an institutional crypto custody service;
2. Crypto market maker Wintermute loses $160 million in DeFi hack;
3. Vitalik Buterin said traits like predictability, robustness and neutrality are valued above efficiency in DAO governance.

#POLICY
1. U.S. SEC claims all of Ethereum falls under US jurisdiction;
2. Better Business Bureau warns of cryptocurrency investment scams on Tiktok;
3. South Korea unlikely to push out crypto regulation before the U.S., authority says;
4. Indian central bank will commit to phased implementation of central bank digital currency.

#CRYPTOCURRENCY 
1. Vitalik Buterin said traits like predictability, robustness and neutrality are valued above efficiency in DAO governance;
2. Nansen report shows that Solana outperforms Ethereum in daily transactions in Q2;
3. EthereumPow launches new bridge between ETHW and Ethereum;
4. Dogechain launches Doge Name Service (DNS);
5. MicroStrategy acquired 301 Bitcoins for $6.0 million in cash between August 2 and September 19;
6. Nasdaq is preparing to launch an institutional crypto custody service.

#DeFi
1. Ren Protocol launches community vote to develop decentralized liquid staking protocol Renbase;
2. Crypto market maker Wintermute loses $160 million in DeFi hack;
3. Icebreaker Finance launches a pool on Maple to provide secured debt financing.

#NFT 
1. OpenSea will launch "new drops" feature, allowing NFT projects to be launched directly on OpenSea;
2. CryptoPunks will launch newsletter service soon.

#FUNDING 
1. German VC DTCP raises $300M to back web3, AI and fintech startups in Europe, US and more;
2. Web3 accounting software Tres raises $7.6 million in seed funding;
3. NFT lender BendDAO proposes $80 million treasury investment fund;
4. Concordium Foundation announces €10 million investment in blockchain projects;
5. Visa and ConsenSys back fraud detection platform Sardine’s $52 million raise.

#METAVERSE
1. South Korea and Meta will ramp up metaverse safety;
2. Jimmy Fallon will host talk show The Tonight Show in Fortnite metaverse.

#Web3
1. Yield Guild Games says Web3 gaming adoption needs a local touch.

Detail

【Huobi Daily】1. Nasdaq is preparing to launch an institutional crypto custody service;
2. Crypto market maker Wintermute loses $160 million in DeFi hack;
3. Vitalik Buterin said traits like predictability, robustness and neutrality are valued above efficiency in DAO governance.

#POLICY
1. U.S. SEC claims all of Ethereum falls under US jurisdiction;
2. Better Business Bureau warns of cryptocurrency investment scams on Tiktok;
3. South Korea unlikely to push out crypto regulation before the U.S., authority says;
4. Indian central bank will commit to phased implementation of central bank digital currency.

#CRYPTOCURRENCY 
1. Vitalik Buterin said traits like predictability, robustness and neutrality are valued above efficiency in DAO governance;
2. Nansen report shows that Solana outperforms Ethereum in daily transactions in Q2;
3. EthereumPow launches new bridge between ETHW and Ethereum;
4. Dogechain launches Doge Name Service (DNS);
5. MicroStrategy acquired 301 Bitcoins for $6.0 million in cash between August 2 and September 19;
6. Nasdaq is preparing to launch an institutional crypto custody service.

#DeFi
1. Ren Protocol launches community vote to develop decentralized liquid staking protocol Renbase;
2. Crypto market maker Wintermute loses $160 million in DeFi hack;
3. Icebreaker Finance launches a pool on Maple to provide secured debt financing.

#NFT 
1. OpenSea will launch "new drops" feature, allowing NFT projects to be launched directly on OpenSea;
2. CryptoPunks will launch newsletter service soon.

#FUNDING 
1. German VC DTCP raises $300M to back web3, AI and fintech startups in Europe, US and more;
2. Web3 accounting software Tres raises $7.6 million in seed funding;
3. NFT lender BendDAO proposes $80 million treasury investment fund;
4. Concordium Foundation announces €10 million investment in blockchain projects;
5. Visa and ConsenSys back fraud detection platform Sardine’s $52 million raise.

#METAVERSE
1. South Korea and Meta will ramp up metaverse safety;
2. Jimmy Fallon will host talk show The Tonight Show in Fortnite metaverse.

#Web3
1. Yield Guild Games says Web3 gaming adoption needs a local touch.

Huobi Daily

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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

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

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