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5/31
21:53
Svmuureports that Aleksey Korolenko, Executive Director of Cifra Markets, said in an interview on the eve of the St. Petersburg International Economic Forum that after the relevant bill is passed and takes effect, the number of crypto accounts opened by investors is expected to grow significantly. If large financial institutions launch convenient customer solutions, Russia could open up to 1 million crypto accounts within the first year under the compliance framework. (tass)
21:51
Svmuu reported that according to the official announcement, Bithumb will list the HNT/KRW trading pair.
21:51
According to Gate data, the Korea Composite Stock Price Index (KOSPI) surged 4.00% intraday and is now at 8,816.00 points.
21:48
Svmuu reported that according to Onchain Lens monitoring, a whale has closed its ETH short position and flipped to a long position holding 19,700 ETH (20x leverage), valued at $39.5 million, with an unrealized loss exceeding $205,000.
21:36
Svmuu reported that cryptocurrency analyst botblastcap posted on X to analyze the Hyperliquid ETF (HYPG) that GrayScale has applied for.
botblastcap stated that the direct stimulative effect of the HYPG launch on the HYPE price may not be as strong as the market expects. This is because a large number of tokens have already been funded through private transactions in advance (i.e., the previously disclosed seed capital investment of 2 million HYPE). Consequently, the buying pressure generated in the spot market on the day of the ETF launch will likely be lower than many anticipate.
However, in the medium to long term, this is still a very positive event. It implies deeper liquidity, stronger institutional participation, and potential incremental buying pressure that could continue in the future.
Previously, GrayScale submitted the fourth amended filing for the Hyperliquid ETF and plans to provide approximately 2 million HYPE as seed capital investment.
21:30
1. In 18 days, loracle.hl erased 10 months of $42.2 million in perpetual contract profits and incurred an additional loss of $5.19 million.
2. Arthur Hayes: Before this market cycle ends, HYPE should at least surpass SOL.
3. An address withdrew 60.87 million WLFI from Binance within 2 days, valued at $3.55 million.
4. Solana initiates upgrade draft SIMD 547, aiming to increase the long-term burn rate of SOL.
5. South Korean retail investors borrow money to chase gains, with personal loans seeing the largest increase in five years.
6. Micron Technology's pre-market stock price broke through $1,000, reaching a new all-time high.
7. A trader made over $1.4 million in profit from a 10x long position on HYPE within two days.
8. Powell issues a warning regarding the independence of the Federal Reserve.
9. The Iranian President's Office denies rumors of Pezeshkian's resignation.
10. Trump refutes the notion that the Iran agreement does not involve nuclear issues.
21:19
Svmuu News: MINIMAX-W (00100.HK) announced the launch of the MiniMaxM3 model. The announcement stated, "MiniMaxM3 has achieved cutting-edge capabilities in professional tasks such as programming and intelligent agents. It utilizes the proposed novel attention architecture MSA (MiniMaxSparseAttention), supporting up to 1M ultra-long context. As anticipated externally, it is also a native multimodal model, supporting input of images and videos, and can operate a computer desktop. These three capabilities are essential for leading overseas closed-source frontier models. M3 is the first model in China to possess all these elements and is currently the only open-source model." (Jin Shi)
21:19
According to Lookonchain monitoring, loracle.hl (@loraclexyz) made a profit of $42.2 million from perpetual contract trading over nearly 10 months. However, their HYPE short position erased all those gains in just 18 days and incurred an additional loss of $5.19 million. They have since closed most of their HYPE short positions but still hold a short position of 843,232 HYPE, worth $61.4 million.
21:13
Svmuu reported that Arthur Hayes posted a list of the top 11 cryptocurrencies by market cap on X, stating: “Looking at this list of almost all junk coins, I believe HYPE should at least surpass SOL before this cycle ends.”
Arthur Hayes: HYPE should at least surpass SOL before this cycle ends
21:11
Svmuu reported that, according to monitoring by Ember, a certain address withdrew 60.87 million WLFI from Binance to the chain within the last 2 days, worth $3.55 million, at an average price of $0.058.
21:03
Svmuu reports that the Temporal team has submitted an upgrade draft SIMD 547 in the Solana governance forum, proposing to adopt a resource-demand-based fee model on Solana (100% of new fees will be burned), thereby aligning costs with computational usage and increasing the amount of SOL burned as network activity grows.
21:03
According to the latest data from Gate, the price of gold has risen to $4,540.63 per ounce, with a daily increase of 0.11%. The price of silver has risen to $75.55 per ounce, with a daily increase of 0.54%.

The BVIX (BTC Volatility Index) is currently quoted at 36.6, with a daily increase of 2.32%. The EVIX (ETH Volatility Index) is currently quoted at 50.04, with a daily increase of 2.58%.

In the forex market, the USD/CNH pair is up 0.05% intraday, currently trading at 6.76377. The USD/JPY pair is up 0.07% intraday, currently trading at 159.456.

In terms of global stock indices, the Euro Stoxx 50 (EUSTX50) fell 0.66% intraday to 6,025.24 points; the UK FTSE 100 (UK100) fell 0.02% intraday to 10,365.3 points; the German DAX 40 (GER40) rose 0.07% intraday to 25,112.6 points.

In commodities, WTI crude oil rose 0.57% intraday to $91.87 per barrel. Brent crude oil fell 0.14% intraday to $95.72 per barrel.

Gate supports users in directly trading traditional financial market products on its platform, offering a one-stop solution covering multiple asset classes including precious metals, foreign exchange, global stock Contracts for Difference (CFDs), major indices, and commodities. This achieves a deep integration of crypto assets and traditional financial assets. Gate's TradFi-related features have been fully integrated into the Gate App and Web platform, allowing users to conveniently participate in global asset price trading without switching platforms. This unlocks more strategies and opportunities beyond the crypto market, continuously enhancing the diversified asset allocation experience.
20:48
According to industry data reported by The Korea Times, as South Korea's KOSPI index continues to break records, a growing number of retail investors appear to be borrowing money to chase the market's rapid rally.
As of last Thursday, the total outstanding personal loan balance at South Korea's five major banks reached 106.99 trillion won (approximately $70.98 billion). This is the highest level since November 2023, when it stood at 107.72 trillion won. The increase was primarily driven by overdraft credit lines—locally known as "negative accounts"—which allow customers to borrow within a pre-approved limit.
As of last Thursday, the outstanding balance of such credit facilities had reached 41.93 trillion won; this figure reflects actual funds that have been withdrawn and used, rather than the total credit limit available to borrowers. (Jinshi)
20:47
According to Lookonchain monitoring, a trader (0xc6fe...79b1) made over $1.4 million in profit from the rise of HYPE within two days. Yesterday, he opened a 10x long position of 110,735 HYPE, worth $7.6 million, and closed the position for a profit of $580,000. Subsequently, he reopened a 10x long position of 204,383 HYPE, worth $14.89 million, with an unrealized profit of $838,000.
20:45
According to data from MSX.COM, Micron Technology (MU.O) continued its upward momentum in pre-market trading, rising 3% at one point, with its stock price breaking $1000, setting a new all-time high.
20:40
According to an article by Nick Timiraos, known as the "Fed Whisperer," in a speech on Sunday evening, former Federal Reserve Chairman Jerome Powell stated that if any administration seeks a pretext to remove Fed officials simply due to policy disagreements, the central bank would not survive. Powell currently serves as a Federal Reserve Governor. Speaking broadly on topics such as institutions and the rule of law, he did not name any specific president or express any personal grievances. However, when it came to the institutional framework designed to keep monetary policy decisions out of presidential control, his wording was remarkably precise.
Powell emphasized the legal protections intended to prevent the arbitrary removal of Fed officials, specifically noting that the executive branch "plays no role in selecting or supervising the 12 regional Reserve Bank presidents," who, along with the Fed governors, jointly vote on interest rate decisions. "If any administration finds a pretext to remove a Fed official solely because of a policy disagreement, future administrations will inevitably follow suit," Powell said.
He pointed out that the credibility the Fed has built up over decades is an "invaluable asset," and that he and his colleagues have a "responsibility to defend it." (Jin Shi)
20:36
According to Svmuu, Megan Greene, a member of the Bank of England's Monetary Policy Committee (MPC), stated on Sunday that the hype around stablecoins may soon dissipate, to be replaced by tokenized deposits—digital versions of traditional bank deposits.
Stablecoins, a type of crypto asset designed to maintain a stable value, have grown in popularity in recent years. Although issuance has leveled off in recent months, some still anticipate further growth for stablecoins.
"I think it's very likely that tokenized deposits will replace stablecoins, and in five years, we might wonder why we were even talking about stablecoins," Greene said at a conference in Dubrovnik, Croatia. She believes that central bank digital currencies (CBDCs), stablecoins, and digital deposits all have their respective markets, but once commercial banks realize they risk losing traditional deposits if they don't act, digital deposits could ultimately emerge as the winner. (Sina Finance)
20:18
Developer Florent has helped recover approximately 1,003 ETH, valued at around $2 million, that had been locked for nine years in HongCoin's 2016 ICO contract. Due to a vulnerability in the contract, the refund function had previously been inoperable.
Florent collaborated with the HongCoin team, utilizing the team's multi-signature admin function to reset holder balances, thereby bypassing the refund limitation caused by a lack of overflow protection. Currently, 48 original investors can claim these unfrozen funds, with two investors having already claimed a total of 96.5 ETH and voluntarily paying a white hat bounty to Florent. (The Block)
20:12
Svmuureports that according to Gate data, South Korea's KOSPI index expanded its early gains to 1%, and Japan's Nikkei 225 index is currently up 0.36%, both hitting new all-time highs.
20:04
Svmuu reported on May 31 that officials from the Iranian Presidential Office have denied rumors that President Pezeshkian has submitted his resignation to Supreme Leader Mujtaba, stating that such claims are false rumors spread by certain foreign media outlets.
Tabatabaei, an official in the Presidential Office in charge of news and communications, refuted the rumors of Pezeshkian's resignation in a post on social media platforms. He stated that Pezeshkian will continue to fulfill his duties and will not cease serving the Iranian people. (Xinhua News Agency)

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