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HTX data monitoring shows that TRX has broken through 0.35 USDT, currently reported at 0.3504 USDT, with a 24H increase of 2.25%.

【TRX breaks through 0.35 USDT】HTX data monitoring shows that TRX has broken through 0.35 USDT, currently reported at 0.3504 USDT, with a 24H increase of 2.25%.

TRX breaks through 0.35 USDT

On May 31, news emerged that Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries (FORD), has become Hyperliquid's top "critic." His main argument is that "Hyperliquid lacks genuine technological innovation and relies solely on temporary regulatory arbitrage to gain traction; no legitimate U.S. company will collaborate with them." Today, Kyle issued a betting challenge to the community, predicting that Hyperliquid will be unable to launch a U.S. compliant front end in the short term. In response, a community member expressed willingness to invest $1 million, forecasting that Hyperliquid could launch a U.S. compliant front end within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through the acquisition of DCO and DCM, adopting a compliance strategy similar to Polymarket while also advancing technology to pass decentralized testing. Therefore, Kyle declined the three-year betting deadline. Note: DCM (Designated Contract Market) refers to a regulated exchange similar to traditional futures exchanges. DCO (Derivatives Clearing Organization) refers to a central clearing party (CCP).

[Kyle Samani Challenges Hyperliquid's Compliance Timeline]On May 31, news emerged that Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries (FORD), has become Hyperliquid's top "critic." His main argument is that "Hyperliquid lacks genuine technological innovation and relies solely on temporary regulatory arbitrage to gain traction; no legitimate U.S. company will collaborate with them." Today, Kyle issued a betting challenge to the community, predicting that Hyperliquid will be unable to launch a U.S. compliant front end in the short term. In response, a community member expressed willingness to invest $1 million, forecasting that Hyperliquid could launch a U.S. compliant front end within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through the acquisition of DCO and DCM, adopting a compliance strategy similar to Polymarket while also advancing technology to pass decentralized testing. Therefore, Kyle declined the three-year betting deadline. Note: DCM (Designated Contract Market) refers to a regulated exchange similar to traditional futures exchanges. DCO (Derivatives Clearing Organization) refers to a central clearing party (CCP).

Kyle Samani Challenges Hyperliquid's Compliance Timeline

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 could fall 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 may 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 reach new lows. Meanwhile, Van de Poppe mentioned 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 net outflows for 10 consecutive trading days, with a total net outflow exceeding $2.97 billion since May 15. However, analysis from Santiment suggests that the ongoing ETF 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 could fall 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 may 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 reach new lows. Meanwhile, Van de Poppe mentioned 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 net outflows for 10 consecutive trading days, with a total net outflow exceeding $2.97 billion since May 15. However, analysis from Santiment suggests that the ongoing ETF 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, the Ministry of Finance of Vietnam proposed allowing small and medium-sized enterprises (SMEs) to use digital assets, virtual assets, and intellectual property as collateral for bank loans to expand financing channels for businesses. According to the draft 'Law on Supporting Small and Medium Enterprises (Amendment)' currently open for public consultation, businesses will be able to use digital assets, virtual assets, intangible assets, intellectual property, and assets that may be formed in the future as loan collateral. The Ministry of Finance noted that SMEs and individual businesses account for over 98% of the total number of enterprises in Vietnam, yet their loan balance only represents about 20% of the total bank credit in the country. It is noteworthy that Vietnam is accelerating the regulation of the cryptocurrency industry. In March of this year, Vietnam opened the application channel for local cryptocurrency trading platform licenses and plans to launch the first regulated cryptocurrency market as early as the third quarter of 2026.

[Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral]On May 31, the Ministry of Finance of Vietnam proposed allowing small and medium-sized enterprises (SMEs) to use digital assets, virtual assets, and intellectual property as collateral for bank loans to expand financing channels for businesses. According to the draft 'Law on Supporting Small and Medium Enterprises (Amendment)' currently open for public consultation, businesses will be able to use digital assets, virtual assets, intangible assets, intellectual property, and assets that may be formed in the future as loan collateral. The Ministry of Finance noted that SMEs and individual businesses account for over 98% of the total number of enterprises in Vietnam, yet their loan balance only represents about 20% of the total bank credit in the country. It is noteworthy that Vietnam is accelerating the regulation of the cryptocurrency industry. In March of this year, Vietnam opened the application channel for local cryptocurrency trading platform licenses and plans to launch the first regulated cryptocurrency market as early as the third quarter of 2026.

Vietnam Proposes Allowing SMEs to Use Digital Assets as Loan Collateral

On May 31, Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries (FORD), has recently become Hyperliquid's most prominent critic. His key viewpoint is: 'Hyperliquid lacks genuine technological innovation and relies solely on temporary regulatory arbitrage to gain prominence; no legitimate US company will collaborate with them.' Today, Kyle has once again challenged the community to a bet, predicting that Hyperliquid will not be able to launch a US-compliant front end in the short term. In response, a community member expressed willingness to invest $1 million, forecasting that Hyperliquid could launch a US-compliant front end within three years. Kyle responded that within three years, Hyperliquid might establish Hyperliquid US through the acquisition of DCO and DCM, adopting a compliance strategy similar to Polymarket, while also advancing technology to pass decentralized testing. Therefore, Kyle declined the three-year betting deadline. Note from BlockBeats: DCM (Designated Contract Market) refers to a regulated exchange similar to traditional futures exchanges. DCO (Derivatives Clearing Organization) is equivalent to a Central Clearing Party (CCP).

[Kyle Samani Initiates Bet Challenge, Predicts Hyperliquid Will Not Launch US-Compliant Front End Soon]On May 31, Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries (FORD), has recently become Hyperliquid's most prominent critic. His key viewpoint is: 'Hyperliquid lacks genuine technological innovation and relies solely on temporary regulatory arbitrage to gain prominence; no legitimate US company will collaborate with them.' Today, Kyle has once again challenged the community to a bet, predicting that Hyperliquid will not be able to launch a US-compliant front end in the short term. In response, a community member expressed willingness to invest $1 million, forecasting that Hyperliquid could launch a US-compliant front end within three years. Kyle responded that within three years, Hyperliquid might establish Hyperliquid US through the acquisition of DCO and DCM, adopting a compliance strategy similar to Polymarket, while also advancing technology to pass decentralized testing. Therefore, Kyle declined the three-year betting deadline. Note from BlockBeats: DCM (Designated Contract Market) refers to a regulated exchange similar to traditional futures exchanges. DCO (Derivatives Clearing Organization) is equivalent to a Central Clearing Party (CCP).

Kyle Samani Initiates Bet Challenge, Predicts Hyperliquid Will Not Launch US-Compliant Front End Soon

On May 31, the Cosmos ecosystem cross-chain bridge Gravity Bridge was reportedly attacked due to a suspected leak of its signing keys, resulting in the theft of approximately $5.4 million in assets. The official team has confirmed the security incident and has urgently suspended bridging services for investigation. They have also requested validators to pause the operation of validation nodes and coordinators, as it is believed that the contract keys may have been compromised. Earlier reports indicated that Gravity Bridge was attacked, leading to the theft of around $5.4 million in cryptocurrency assets.

[Cosmos Ecosystem Cross-Chain Bridge Gravity Bridge Announces Service Shutdown After Attack]On May 31, the Cosmos ecosystem cross-chain bridge Gravity Bridge was reportedly attacked due to a suspected leak of its signing keys, resulting in the theft of approximately $5.4 million in assets. The official team has confirmed the security incident and has urgently suspended bridging services for investigation. They have also requested validators to pause the operation of validation nodes and coordinators, as it is believed that the contract keys may have been compromised. Earlier reports indicated that Gravity Bridge was attacked, leading to the theft of around $5.4 million in cryptocurrency assets.

Cosmos Ecosystem Cross-Chain Bridge Gravity Bridge Announces Service Shutdown After Attack

On May 30, the VIP private class "AI + Trading from Theory to Practice" was held in Shanghai as part of the Huobi HTX Masterclass series. Cloud, Chief Analyst at HTX Research, shared insights on "New Trading Opportunities in the AI Era." He believes that AI is a vast gold mine waiting to be explored, and trading is the fastest and most efficient way to monetize AI. Ordinary traders face three major challenges: emotional interference, limited energy, and cognitive bias, which form the 'impossible triangle' of trading. AI is the key to breaking this dilemma. It enables objective, emotionless decision-making, large-scale parallel monitoring, superior pattern recognition beyond human capabilities, and multimodal signal integration, fundamentally reshaping trading decision logic.

[Cloud: AI is a Huge Gold Mine for Traders]On May 30, the VIP private class "AI + Trading from Theory to Practice" was held in Shanghai as part of the Huobi HTX Masterclass series. Cloud, Chief Analyst at HTX Research, shared insights on "New Trading Opportunities in the AI Era." He believes that AI is a vast gold mine waiting to be explored, and trading is the fastest and most efficient way to monetize AI. Ordinary traders face three major challenges: emotional interference, limited energy, and cognitive bias, which form the 'impossible triangle' of trading. AI is the key to breaking this dilemma. It enables objective, emotionless decision-making, large-scale parallel monitoring, superior pattern recognition beyond human capabilities, and multimodal signal integration, fundamentally reshaping trading decision logic.

Cloud: AI is a Huge Gold Mine for Traders

On May 31, Chan Mo-po, the Financial Secretary of the Hong Kong Special Administrative Region, stated in a blog post that domestic and foreign funds have cast a vote of confidence in Hong Kong, indicating considerable growth in the asset management sector. He mentioned that an international consulting firm recently released a global wealth report for 2026, estimating that the cross-border wealth management assets in Hong Kong grew by 10.7% year-on-year to approximately HKD 23 trillion last year, surpassing Switzerland to become the world's leading cross-border wealth management center. It is expected that from now until 2030, the cross-border wealth managed in Hong Kong will grow by about 9% annually, outpacing Switzerland. This reflects the trust that domestic and foreign funds have in Hong Kong's system and investment environment. He noted that according to the Securities and Futures Commission's annual 'Survey of Asset and Wealth Management Activities,' the total value of Hong Kong's asset management business has exceeded HKD 35 trillion, with 54% of the funds coming from investors outside of mainland China and Hong Kong, demonstrating the ongoing internationalization of Hong Kong's asset management industry. The trend shows significant growth in Hong Kong's asset management sector, with the asset scale doubling and the number of asset management institutions nearly doubling over the ten years from 2015 to 2024. (Xinhua News Agency)

[Chan Mo-po: Trust from Domestic and Foreign Funds Indicates Significant Growth in Hong Kong's Asset Management Sector]On May 31, Chan Mo-po, the Financial Secretary of the Hong Kong Special Administrative Region, stated in a blog post that domestic and foreign funds have cast a vote of confidence in Hong Kong, indicating considerable growth in the asset management sector. He mentioned that an international consulting firm recently released a global wealth report for 2026, estimating that the cross-border wealth management assets in Hong Kong grew by 10.7% year-on-year to approximately HKD 23 trillion last year, surpassing Switzerland to become the world's leading cross-border wealth management center. It is expected that from now until 2030, the cross-border wealth managed in Hong Kong will grow by about 9% annually, outpacing Switzerland. This reflects the trust that domestic and foreign funds have in Hong Kong's system and investment environment. He noted that according to the Securities and Futures Commission's annual 'Survey of Asset and Wealth Management Activities,' the total value of Hong Kong's asset management business has exceeded HKD 35 trillion, with 54% of the funds coming from investors outside of mainland China and Hong Kong, demonstrating the ongoing internationalization of Hong Kong's asset management industry. The trend shows significant growth in Hong Kong's asset management sector, with the asset scale doubling and the number of asset management institutions nearly doubling over the ten years from 2015 to 2024. (Xinhua News Agency)

Chan Mo-po: Trust from Domestic and Foreign Funds Indicates Significant Growth in Hong Kong's Asset Management Sector

On May 31, according to hl.eco data, after HYPE broke the $70 new high around noon today, the TWAP net buy volume showed a declining trend, with a net sell volume of $202,000 in the last hour. The projected net buy volume for the next 24 hours is $3.91 million, down from approximately $54 million earlier this morning. Note from BlockBeats: The TWAP order model (Time-Weighted Average Price) splits a large order into many smaller orders evenly over time and executes them gradually at fixed intervals within a predetermined time window. It is a common algorithmic trading strategy primarily used to reduce market price impact when executing large orders.

[HYPE TWAP Net Buy Volume Decreases After New High, Projected at $3.91 Million in Next 24 Hours]On May 31, according to hl.eco data, after HYPE broke the $70 new high around noon today, the TWAP net buy volume showed a declining trend, with a net sell volume of $202,000 in the last hour. The projected net buy volume for the next 24 hours is $3.91 million, down from approximately $54 million earlier this morning. Note from BlockBeats: The TWAP order model (Time-Weighted Average Price) splits a large order into many smaller orders evenly over time and executes them gradually at fixed intervals within a predetermined time window. It is a common algorithmic trading strategy primarily used to reduce market price impact when executing large orders.

HYPE TWAP Net Buy Volume Decreases After New High, Projected at $3.91 Million in Next 24 Hours

Genesis Global Capital rumored to file for Bankruptcy as soon as this week., per Bloomberg

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【Crypto giant Genesis to file for bankruptcy as soon as this week】Genesis Global Capital rumored to file for Bankruptcy as soon as this week., per Bloomberg

Crypto giant Genesis to file for bankruptcy as soon as this week

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Crypto giant Genesis to file for bankruptcy as soon as this week

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