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On May 31, Israeli Prime Minister Netanyahu stated: I previously instructed the Israeli military to expand operations in Lebanon. The current directive is to deepen and expand our control over areas controlled by Hezbollah.

[Israel: Strengthening Control Over Hezbollah Territories]On May 31, Israeli Prime Minister Netanyahu stated: I previously instructed the Israeli military to expand operations in Lebanon. The current directive is to deepen and expand our control over areas controlled by Hezbollah.

Israel: Strengthening Control Over Hezbollah Territories

On May 31, JPMorgan CEO Jamie Dimon issued a warning regarding the U.S. crypto market structure bill, the 'CLARITY Act.' He stated that if stablecoin issuers are allowed to offer returns to users similar to bank deposit interest, the related model could ultimately 'explode.' Dimon noted that the bill permits crypto companies to provide returns akin to deposit interest through stablecoin accounts without adequate regulatory protections, which the banking industry would not accept. He remarked, 'I am not concerned about stablecoins themselves, but if this happens, I will not participate, and it will eventually explode.' The 'CLARITY Act' aims to clarify the regulatory framework for the U.S. crypto industry and delineate the responsibilities of regulatory agencies. Previously, Patrick Witt, executive director of the U.S. Digital Asset Advisory Committee, indicated that the Trump administration planned to push for the bill's passage before July 4. However, data from Polymarket shows that the probability of the 'CLARITY Act' passing by 2026 has dropped from nearly 70% to just above 50%.

[JPMorgan CEO Warns: Stablecoins Offering Interest Like Deposits May Eventually 'Explode']On May 31, JPMorgan CEO Jamie Dimon issued a warning regarding the U.S. crypto market structure bill, the 'CLARITY Act.' He stated that if stablecoin issuers are allowed to offer returns to users similar to bank deposit interest, the related model could ultimately 'explode.' Dimon noted that the bill permits crypto companies to provide returns akin to deposit interest through stablecoin accounts without adequate regulatory protections, which the banking industry would not accept. He remarked, 'I am not concerned about stablecoins themselves, but if this happens, I will not participate, and it will eventually explode.' The 'CLARITY Act' aims to clarify the regulatory framework for the U.S. crypto industry and delineate the responsibilities of regulatory agencies. Previously, Patrick Witt, executive director of the U.S. Digital Asset Advisory Committee, indicated that the Trump administration planned to push for the bill's passage before July 4. However, data from Polymarket shows that the probability of the 'CLARITY Act' passing by 2026 has dropped from nearly 70% to just above 50%.

JPMorgan CEO Warns: Stablecoins Offering Interest Like Deposits May Eventually 'Explode'

On May 31, selling pressure on Bitcoin spot ETFs continued to intensify. Following a net outflow of $1.26 billion last week, this week saw an additional net outflow of $1.42 billion from spot Bitcoin ETFs, pushing BTC to a low of $72,500. However, on-chain and market data indicate that some funds have begun to buy on dips around the $70,000 mark. The buying in the spot market is absorbing some of the selling pressure, providing support for Bitcoin's price, but the scale of buying remains insufficient to reverse the current downward trend. Meanwhile, data from the derivatives market shows that traders have added approximately $300 million in leveraged long positions in the $73,000 to $74,000 range, suggesting that some investors are betting on a price rebound. Additionally, the order book's buy-sell ratio has turned positive, indicating that the market sees some attractiveness in BTC below $75,000. To drive Bitcoin back into an upward trend, the market still needs new catalysts, including progress on the US-Iran peace agreement, a return to net inflows for spot Bitcoin ETFs, a decline in oil prices, and favorable news regarding the US strategic Bitcoin reserves.

[Analysis: Bitcoin's Dip Buying Absorbs Some Selling Pressure, But Downward Trend Remains Unchanged]On May 31, selling pressure on Bitcoin spot ETFs continued to intensify. Following a net outflow of $1.26 billion last week, this week saw an additional net outflow of $1.42 billion from spot Bitcoin ETFs, pushing BTC to a low of $72,500. However, on-chain and market data indicate that some funds have begun to buy on dips around the $70,000 mark. The buying in the spot market is absorbing some of the selling pressure, providing support for Bitcoin's price, but the scale of buying remains insufficient to reverse the current downward trend. Meanwhile, data from the derivatives market shows that traders have added approximately $300 million in leveraged long positions in the $73,000 to $74,000 range, suggesting that some investors are betting on a price rebound. Additionally, the order book's buy-sell ratio has turned positive, indicating that the market sees some attractiveness in BTC below $75,000. To drive Bitcoin back into an upward trend, the market still needs new catalysts, including progress on the US-Iran peace agreement, a return to net inflows for spot Bitcoin ETFs, a decline in oil prices, and favorable news regarding the US strategic Bitcoin reserves.

Analysis: Bitcoin's Dip Buying Absorbs Some Selling Pressure, But Downward Trend Remains Unchanged

On May 31, the Hyperliquid ETF saw a net inflow of $29.6 million on Friday, setting a new historical high. Among this, BHYP had a net inflow of $20.1 million, while THYP recorded a net inflow of $9.5 million. The Hyperliquid ETF has achieved net inflows for 13 consecutive trading days, totaling $136 million. The continuous inflow of funds into the Hyperliquid ETF has driven the strength of HYPE. According to HTX market data, HYPE has increased by over 70% in the past 30 days, currently priced at $68.3.

[Hyperliquid ETF Records 13 Consecutive Days of Net Inflows, Accumulating $136 Million]On May 31, the Hyperliquid ETF saw a net inflow of $29.6 million on Friday, setting a new historical high. Among this, BHYP had a net inflow of $20.1 million, while THYP recorded a net inflow of $9.5 million. The Hyperliquid ETF has achieved net inflows for 13 consecutive trading days, totaling $136 million. The continuous inflow of funds into the Hyperliquid ETF has driven the strength of HYPE. According to HTX market data, HYPE has increased by over 70% in the past 30 days, currently priced at $68.3.

Hyperliquid ETF Records 13 Consecutive Days of Net Inflows, Accumulating $136 Million

On May 31, according to CME's 'Fed Watch' data, the probability of the Federal Reserve maintaining interest rates unchanged until December is 51.8%, while the probability of a cumulative rate cut of 25 basis points is only 0.2%. The probability of a rate hike by the Fed this year has dropped to 48%, with a cumulative rate hike of 25 basis points at 37.9%, a cumulative rate hike of 50 basis points at 9.2%, and a cumulative rate hike of 75 basis points at 0.9%.

[CME Fed Watch: Probability of Fed Rate Hike Drops to 48%]On May 31, according to CME's 'Fed Watch' data, the probability of the Federal Reserve maintaining interest rates unchanged until December is 51.8%, while the probability of a cumulative rate cut of 25 basis points is only 0.2%. The probability of a rate hike by the Fed this year has dropped to 48%, with a cumulative rate hike of 25 basis points at 37.9%, a cumulative rate hike of 50 basis points at 9.2%, and a cumulative rate hike of 75 basis points at 0.9%.

CME Fed Watch: Probability of Fed Rate Hike Drops to 48%

On May 31, according to Defillama data, Polymarket generated $999,000 in revenue over the past 24 hours, surpassing Pump.fun's $848,000, ranking it fifth among crypto protocols. The total revenue of the protocol has exceeded $60 million.

[Polymarket Surpasses Pump.fun in Protocol Revenue Over the Last 24 Hours]On May 31, according to Defillama data, Polymarket generated $999,000 in revenue over the past 24 hours, surpassing Pump.fun's $848,000, ranking it fifth among crypto protocols. The total revenue of the protocol has exceeded $60 million.

Polymarket Surpasses Pump.fun in Protocol Revenue Over the Last 24 Hours

On May 31, the probability of Bitcoin rising to $100,000 this year on Polymarket dropped to 33% (down from 49% on May 10). Additionally, the probability of BTC rising to $90,000 this year is currently reported at 56%, while the probability for a rise to $50,000 stands at 42%.

[Probability of Bitcoin Rising to $100,000 This Year on Polymarket Drops to 33%]On May 31, the probability of Bitcoin rising to $100,000 this year on Polymarket dropped to 33% (down from 49% on May 10). Additionally, the probability of BTC rising to $90,000 this year is currently reported at 56%, while the probability for a rise to $50,000 stands at 42%.

Probability of Bitcoin Rising to $100,000 This Year on Polymarket Drops to 33%

[Polymarket Surpasses Pump.fun in Revenue Over the Last 24 Hours]On May 31, according to Defillama data, Polymarket generated $999,000 in revenue over the past 24 hours, surpassing Pump.fun's $848,000, ranking it fifth among crypto protocols. The total revenue of the protocol has exceeded $60 million.

Polymarket Surpasses Pump.fun in Revenue Over the Last 24 Hours

On May 31, Israeli Defense Minister Katz stated that the Israeli military will maintain a presence at the strategically important Bofor Castle in southern Lebanon as part of the so-called 'security zone' in southern Lebanon. Katz noted that after 26 years since Israel's withdrawal from the 'security zone' in Lebanon, the Israeli flag has been raised again on the heights overlooking the Galilee region. He mentioned that the military has re-established 'control' over Bofor Castle and will continue to be stationed there. Katz also indicated that controlling Bofor Castle and expanding ground military operations sends a 'clear signal' to adversaries, stating that 'anyone threatening Israeli civilians will gradually lose their strategic assets.' (CCTV News)

[Israel to Deploy Troops at Bofor Castle to Establish 'Security Zone' in Southern Lebanon]On May 31, Israeli Defense Minister Katz stated that the Israeli military will maintain a presence at the strategically important Bofor Castle in southern Lebanon as part of the so-called 'security zone' in southern Lebanon. Katz noted that after 26 years since Israel's withdrawal from the 'security zone' in Lebanon, the Israeli flag has been raised again on the heights overlooking the Galilee region. He mentioned that the military has re-established 'control' over Bofor Castle and will continue to be stationed there. Katz also indicated that controlling Bofor Castle and expanding ground military operations sends a 'clear signal' to adversaries, stating that 'anyone threatening Israeli civilians will gradually lose their strategic assets.' (CCTV News)

Israel to Deploy Troops at Bofor Castle to Establish 'Security Zone' in Southern Lebanon

A majority of Reddit Vault wallets were created just for NFT avatars. A total of 3 million wallets have now been created on the Reddit Vault.
Reports are emerging that eight out of ten Reddit Vault wallets were created following the introduction of NFT avatars. The information was revealed during a TechCrunch Disrupt conference panel.
Bhat also pointed out that 2.5 million of those wallets were created to purchase NFT avatars. What’s interesting is the fact that the market’s biggest NFT marketplace, OpenSea, only has 2.3 million active wallets. That means Reddit potentially has more active wallets than OpenSea.

Detail

【Reddit now has more NFT wallets than the OpenSea marketplace】A majority of Reddit Vault wallets were created just for NFT avatars. A total of 3 million wallets have now been created on the Reddit Vault.
Reports are emerging that eight out of ten Reddit Vault wallets were created following the introduction of NFT avatars. The information was revealed during a TechCrunch Disrupt conference panel.
Bhat also pointed out that 2.5 million of those wallets were created to purchase NFT avatars. What’s interesting is the fact that the market’s biggest NFT marketplace, OpenSea, only has 2.3 million active wallets. That means Reddit potentially has more active wallets than OpenSea.

Reddit now has more NFT wallets than the OpenSea marketplace

Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

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

NeoCloud Three Giants: NBIS, IREN, CRWV – Which One Has More Investment Value?

US Spot Bitcoin ETFs Near Yearly Outflow Territory

New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

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

Eric Trump Sets A “Beyond Catastrophic” Bar To Sell Bitcoin — How Far Are We From That?

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

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

Reddit now has more NFT wallets than the OpenSea marketplace

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