Crypto News & Market Updates

According to ChainCatcher, crypto sentiment platform Santiment published an analysis stating that the ratio of positive to negative comments on Ethereum has shifted from the strong FOMO sentiment in late April to the now pronounced FUD sentiment. Harvard University fully liquidated its $87 million Ethereum ETF after buying it for one quarter; Ethereum Foundation researchers announce resignation; and David Hoffman publicly announcing his exit from the Ethereum project. The Santiment team interprets this trend as a mild bullish signal, similar to the sharp rally that followed the mid-2023 market sentiment trough. Despite the panic, the number of non-empty wallets on Ethereum still reached 192.92 million, more than three times the approximately 59 million of Bitcoin. At the beginning of the year, activity in DeFi and staking transactions surged and has since normalized, but new wallet creations have maintained a healthy growth rate. Fundamental data such as holders and activity do not support the claim that "the Ethereum network is dying." Additionally, Bitcoin's long-short ratio reached as high as 2.23, the highest level since 2026. Previously, the two long-short ratios showed short-term price corrections at their highest daily averages, while extremely low short-short ratios indicated a local bottom. Current optimism sharply contrasts with short fund flows from ETFs, so caution is needed.

Odaily Planet Daily reports: Lana AI discloses its latest operational status. The first phase of testing starts at 100 U, with accounts growing up to 300,000 U, cumulative profits withdrawn during this period, followed by a minimum account value drawdown to about 20,000 U. Currently, Rana AI has launched the second phase of strategy testing, starting with 20,000 U as a new starting point. Based on the original crypto asset trading strategy, a new US stock asset strategy has been added to verify the performance and sustainability of the cross-market trading model.

According to Bijie.com, Wu Shuo learned that the prosecutor's office in Buenos Aires Province, Argentina, announced that during the enforcement of "fake coins," police conducted 90 simultaneous searches targeting investment scams, fake apps, and illegal crypto assets, arresting 24 people. Prosecutors stated that the scam estimated losses of about $2.13 million, with suspects typically luring victims to transfer money by promising quick returns or imitating genuine institutional websites and apps. During the operation, approximately $43,000 in cash was seized, and over 8 million USDT was seized/frozen. Some funds were used to purchase USDT through Binance P2P and transferred to Venezuelan users via Binance Pay.

BlockBeats reported that on May 31, Trump posted on the Truth platform, "The results of my physical examination at Walter Reed Military Medical Center have just been released, and the results are very good." Unlike other presidents who have never taken any approved high-difficulty cognitive tests, I scored a perfect 30 and was considered to have an "extremely high IQ." In fact, this was my fourth time taking this kind of test, and I achieved perfect scores each time, answering all 120 of the 120 questions correctly! Very few people achieve a perfect score, especially after achieving this four times in a row, which is extremely rare. All candidates for president and vice president should be required to undergo a more challenging cognitive test."

BlockBeats reported that on May 31, Iran's Islamic Revolutionary Guard Corps (IRGC) announced through state media that earlier today (May 31), it shot down a U.S. MQ-1 drone over Iranian territorial waters and airspace. The reason was that the drone "intended to conduct hostile actions," was detected in time by air defense systems, and destroyed with missiles. (Fars News Agency)

BlockBeats reported on May 31 that in response to rumors that Binance might "add real US stock trading" on June 1, Backpack founder Armani Ferrante posted that Binance's move could change the entire brokerage business landscape: · (Equity) spot market 24/7 price discovery will be unlocked; · The new generation of crypto-native brokers will follow Binance for weekend price discovery (existing perpetual contracts also work, but the range of underlying assets is still too limited for retail brokerage products); · Crypto-native broker traders will face off directly with old-school TradFi brokers. As the first platforms to offer weekend spot trading, they will gain a significant advantage; · Web2 retail investors may enter the crypto space through these new brokers, and these capital flows will subsequently flow into the broader crypto and DeFi sectors.

BlockBeats reports that on May 31, Bitcoin and Ethereum are very likely to close with a bearish candlestick. As of press time, Bitcoin is down 2.81% for the month, while Ethereum is down 9.98%. Looking ahead to June, the crypto market remains far from optimistic. On one hand, the quadrennial World Cup will officially kick off on June 11, and an already fragile market will struggle to survive amid the tripartite split between US stocks, AI, and the World Cup. At that time, US stocks and Polymarket will become the main sources of market capital and attention. On the other hand, historical data shows the crypto market's average return in June was negative, with Bitcoin at -0.14% and Ethereum at -6.85%. In summary, it is difficult to predict that the crypto market during the bear market cycle will see a promising trend in June. Contrarian coins represented by HYPE, BNB, and ZEC may have local opportunities.

According to Bijie.com, well-known trader Loracle increased his TON long position by 109,512.20 in the HyperLiquid ecosystem, equivalent to approximately $182,560.17. The current open interest size is $1,182,658.18, with an average price of $1.83 to $1.84. The current P/L is +$6,996.67 (+2.96%), the current token price is $1.85, and the liquidation price is $0.

According to Bijie.com, OpenAI's Chief Revenue Officer Denise Dresser has been actively advancing enterprise-level commercial expansion since joining last December, taking over the partnership and advertising negotiation business previously managed by former COO Brad Lightcap. Competitor Anthropic completed a new round of financing on Thursday at a $900 billion valuation, surpassing OpenAI's $730 billion for the first time and intensifying the competition between the two large model giants in the enterprise market. Dresser is building a large "Salesforce and Slack Gang" within OpenAI, bringing in several senior sales and channel executives. OpenAI successfully streamlined its joint sales process with Databricks and signed key clients such as Hertz and KPMG. Financial forecasts indicate that OpenAI expects to increase the proportion of enterprise revenue from 40% to 50% by the end of 2026, while over 80% of Anthropic's revenue comes from enterprise customers. In an internal memo, Dresser criticized Anthropic's restriction on hash power purchases as a "strategic mistake" that led to a decline in product stability.