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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

On May 31, the Hyperliquid ETF recorded a net inflow of $29.6 million on Friday, setting a new historical high. Among this, BHYP saw a net inflow of $20.1 million, while THYP had 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 strengthened HYPE. According to HTX market data, HYPE has increased by over 70% in the past 30 days and is currently priced at $68.3.

[Hyperliquid ETF Sees 13 Consecutive Days of Net Inflows, Accumulating $136 Million]On May 31, the Hyperliquid ETF recorded a net inflow of $29.6 million on Friday, setting a new historical high. Among this, BHYP saw a net inflow of $20.1 million, while THYP had 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 strengthened HYPE. According to HTX market data, HYPE has increased by over 70% in the past 30 days and is currently priced at $68.3.

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

On May 31, according to monitoring by HyperInsight, Loracle has again reduced its HYPE short position by $16 million, leaving a remaining holding of 1.301 million HYPE (worth approximately $89 million), with an unrealized loss exceeding $30 million. On the other hand, Loracle has increased its long positions in ZEC, TON, and ASTER by a total of about $6.5 million, and the positions are still increasing.

[Loracle Reduces HYPE Short Position by $16 Million, Increases Long Positions in ZEC, TON, and ASTER]On May 31, according to monitoring by HyperInsight, Loracle has again reduced its HYPE short position by $16 million, leaving a remaining holding of 1.301 million HYPE (worth approximately $89 million), with an unrealized loss exceeding $30 million. On the other hand, Loracle has increased its long positions in ZEC, TON, and ASTER by a total of about $6.5 million, and the positions are still increasing.

Loracle Reduces HYPE Short Position by $16 Million, Increases Long Positions in ZEC, TON, and ASTER

On May 31, Michael van de Poppe, founder of MN Trading Capital, stated that Bitcoin is currently at a critical position. If it cannot maintain support above $70,000, the price may drop below $65,000. Van de Poppe pointed out that the $71,000 area is the most important support level at present; as long as this area holds, a deeper correction can be avoided. He believes that the current market structure is different from the downturn in February of this year, so he does not expect Bitcoin to hit new lows. Meanwhile, Van de Poppe indicated that if the current support holds, Bitcoin is likely to break through $76,600, which could lead to a strong rally in the altcoin market. Additionally, the spot Bitcoin ETF has seen a net outflow of funds for 10 consecutive trading days, with a total net outflow exceeding $2.97 billion since May 15. However, Santiment's analysis suggests that the ongoing ETF fund outflows may indicate that the market is approaching a temporary bottom.

[Analyst: Bitcoin May Drop Below $65,000 if It Fails to Hold $70,000 Support]On May 31, Michael van de Poppe, founder of MN Trading Capital, stated that Bitcoin is currently at a critical position. If it cannot maintain support above $70,000, the price may drop below $65,000. Van de Poppe pointed out that the $71,000 area is the most important support level at present; as long as this area holds, a deeper correction can be avoided. He believes that the current market structure is different from the downturn in February of this year, so he does not expect Bitcoin to hit new lows. Meanwhile, Van de Poppe indicated that if the current support holds, Bitcoin is likely to break through $76,600, which could lead to a strong rally in the altcoin market. Additionally, the spot Bitcoin ETF has seen a net outflow of funds for 10 consecutive trading days, with a total net outflow exceeding $2.97 billion since May 15. However, Santiment's analysis suggests that the ongoing ETF fund outflows may indicate that the market is approaching a temporary bottom.

Analyst: Bitcoin May Drop Below $65,000 if It Fails to Hold $70,000 Support

On May 31, during the opening speech of the first session of the third year of the 12th Parliament, Iranian Parliament Speaker Ghalibaf stated that diplomats have no trust in the enemy's words and promises. The only criterion for Iran is the objective tangible results that must be achieved, and based on this, Iran will fulfill its corresponding commitments. Iran will never approve any agreement until the legitimate rights of the Iranian people are fully guaranteed. (CCTV News)

[Iranian Parliament Speaker: No Agreement Will Be Approved Until Iranian People's Rights Are Guaranteed]On May 31, during the opening speech of the first session of the third year of the 12th Parliament, Iranian Parliament Speaker Ghalibaf stated that diplomats have no trust in the enemy's words and promises. The only criterion for Iran is the objective tangible results that must be achieved, and based on this, Iran will fulfill its corresponding commitments. Iran will never approve any agreement until the legitimate rights of the Iranian people are fully guaranteed. (CCTV News)

Iranian Parliament Speaker: No Agreement Will Be Approved Until Iranian People's Rights Are Guaranteed

On May 31, during the opening speech of the first session of the third year of the 12th Parliament, Iranian Parliament Speaker Ghalibaf stated that the diplomats have no trust whatsoever in the enemy's words and promises. The only criterion for Iran is the objective tangible results that must be achieved, and based on this, Iran will fulfill its corresponding commitments. Iran will never approve any agreement until the legitimate rights of the Iranian people are fully guaranteed. (CCTV News)

[Iranian Parliament Speaker: No Agreement Will Be Approved Until Iranian People's Rights Are Guaranteed]On May 31, during the opening speech of the first session of the third year of the 12th Parliament, Iranian Parliament Speaker Ghalibaf stated that the diplomats have no trust whatsoever in the enemy's words and promises. The only criterion for Iran is the objective tangible results that must be achieved, and based on this, Iran will fulfill its corresponding commitments. Iran will never approve any agreement until the legitimate rights of the Iranian people are fully guaranteed. (CCTV News)

According to The Crypto Basic, the Terra Classic network is set to re-enable Inter Blockchain Communication tomorrow, as confirmed by @reXxTerraRebels, AKA reXx, a member of the Terra Rebels, an independent Terra Classic development group, in a tweet hours ago. According to the developer, the community would still have to pass some additional governance proposals to upgrade tendermint clients. The code has successfully gone through preliminary tests, and developers are carrying out additional tests to seek more external reviews. Notably, there will be no downtime as a result of the upgrade.

Detail

【Terra Classic all set to re-open IBC channels tomorrow】According to The Crypto Basic, the Terra Classic network is set to re-enable Inter Blockchain Communication tomorrow, as confirmed by @reXxTerraRebels, AKA reXx, a member of the Terra Rebels, an independent Terra Classic development group, in a tweet hours ago. According to the developer, the community would still have to pass some additional governance proposals to upgrade tendermint clients. The code has successfully gone through preliminary tests, and developers are carrying out additional tests to seek more external reviews. Notably, there will be no downtime as a result of the upgrade.

Terra Classic all set to re-open IBC channels tomorrow

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Terra Classic all set to re-open IBC channels tomorrow

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