Trump: Agreed to extend the deadline for negotiations with the EU to July 9

Headlines

▌Trump: Agrees to extend the deadline for trade negotiations with the EU to July 9

U.S. President Donald Trump said the European Union had agreed to extend the deadline until July 9 when the European Union requested an extension of the window for trade talks. Earlier, European Commission President Ursula von der Leyen said after a phone call with Trump on Sunday that the EU was ready to move forward with trade talks with the United States "quickly and decisively", but that Trump would need to return to the 90-day negotiation period he originally set. It was the first publicly disclosed phone call between the two leaders since Trump's inauguration. In April, Trump suspended the 20 percent tariffs originally imposed on the European Union, beginning a 90-day window of negotiations, which were scheduled to end on July 9. Von der Leyen's office confirmed that she had reached out to Mr. Trump. Von der Leyen's words suggest that the European Commission's position may shift towards a potential compromise.

▌U.S. stock index futures continue to rise, Nasdaq futures up over 1%

U.S. stock index futures continue to rise, with Nasdaq futures up over 1% and S&P 500 futures up over 0.9%. After two days, Trump changes his stance on the EU again, extending the trade negotiation window with them.

Market

As of the time of writing, according to data from Coingecko:

The recent transaction price of BTC is $108,951, with an intraday change of +0.8%;

The recent transaction price of ETH is $2,547.54, with an intraday fluctuation of +0.6%;

The recent trading price of BNB is $669.60, with a daily price fluctuation of +0.1%;

The recent transaction price of SOL is $174.60, with a daily fluctuation of -0.9%;

The recent trading price of DOGE is $0.2235, with a daily fluctuation of -0.4%;

The recent trading price of XRP is $2.34, with a daily fluctuation of +0.2%.

Policy

▌House Speaker Johnson warns Senate against major changes to Trump's "Big and Beautiful" Bill

House Speaker Mike Johnson is pressuring the Senate to make as few changes as possible to the massive spending and tax cut plan passed by the House last week in order to advance President Donald Trump's agenda. He warned that if senators make significant changes, they could send the bill back to a version that cannot pass the House again. Johnson said in an interview, "We have reached a very delicate balance here, a delicate equilibrium that took a long time to achieve, and it's best not to interfere too much."

▌Federal Reserve Chairman Powell did not comment on the economic and policy outlook in his commencement address at Princeton University

According to market news, Federal Reserve Chairman Powell did not comment on the economic and policy outlook in his graduation speech at Princeton University.

▌Bitcoin 2025 Conference Speaker List Announced, including Vice President Vance, Michael Saylor, etc.

According to Bitcoin Magazine, the list of speakers for the Bitcoin 2025 conference has been announced, including: U.S. Vice President JD Vance Silk Road founder Ross Ulbricht Eric Trump, the second son of Donald Trump Donald Trump Jr. Strategy founder Michael Saylor U.S. Senator Cynthia Lummis.

Blockchain Applications

▌Vitalik Buterin: Ethereum needs to have sufficient resilience and privacy

Vitalik Buterin posted on X platform stating: "Nordic countries are abandoning the cashless society initiative because their centralized implementation of this concept is too fragile. It turns out that cash is necessary as a backup. Ethereum needs to have sufficient resilience and privacy to reliably play this role."

▌Sonic launches a Validator Program to promote decentralized SVM chain scaling

Sonic announced the launch of the Validator Program, aimed at promoting the first SVM chain expansion on Solana to achieve decentralization. The program includes a dual incentive model, top validator partners, and performance-based rewards.

▌The 212th Ethereum ACDE Conference: Fusaka Devnet-0 will be launched on May 26

According to Tim Beiko's summary of the 212th Ethereum execution layer core developer meeting (ACDE), the main topics of discussion included: Fusaka Devnet-0 will go live on May 26; discussions on the Fusaka EIP scope (EIP-7825 will set the transaction Gas limit to 30 M; EIP-7918 will anchor the Blob fee rate to Base Fee to alleviate fee fluctuations; these two will be included in Devnet-1. Other candidate EIPs are expected for Devnet-2), testnet strategy (first fork Sepolia, retaining Hoodi for application testing; encouraging the community to maintain long-term testnets), future planning (next week CL Call will decide on EIP-7917; two weeks later ACDE will finalize Devnet-2 and start discussions on Glamsterdam), etc.

Cryptocurrency

▌Grayscale transferred approximately 6,641 BTC worth over $726.5 million yesterday, making it the fifth consecutive day of large transfers this week.

According to monitoring data from Arkham, Grayscale has once again made a large BTC transfer, with a total of approximately 6,641 BTC transferred from the Grayscale Bitcoin Trust to 11 unknown addresses yesterday, worth up to $726.5 million. Data shows that this is the fifth consecutive day that Grayscale has conducted large Bitcoin transfer transactions this week, including: approximately 7,700 BTC transferred out on May 23, approximately 7,500 BTC transferred out on May 22, 8,500 BTC transferred out on May 21, and approximately 7,500 BTC transferred out on May 20.

▌USDC Treasury mints an additional 250 million USDC on the Solana chain

According to Whale Alert monitoring, about 5 minutes ago, USDC Treasury minted an additional 250 million USDC on the Solana chain.

▌Hyperliquid platform whale current position 5.176 billion USD, long-short position ratio is 0.90

According to Coinglass data, the current whale position on the Hyperliquid platform is 5.176 billion USD, with long positions totaling 2.458 billion USD, accounting for 47.49% of the total positions, and short positions totaling 2.718 billion USD, accounting for 52.51%. The profit and loss for long positions is 122 million USD, while for short positions, it is -88.2021 million USD.

Important Economic Dynamics

▌The probability of the Federal Reserve keeping interest rates unchanged in June is 94.4%

According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in June is 94.4%, while the probability of a 25 basis point cut is 5.6%. The probability of the Federal Reserve maintaining interest rates in July is 74.9%, the cumulative probability of a 25 basis point cut is 23.9%, and the cumulative probability of a 50 basis point cut is 1.1%.

Golden Encyclopedia

▌Will blockchain networks suffer from DDoS attacks?

Distributed Denial of Service (DDoS) attacks aim to paralyze online systems with massive requests. Although blockchain networks are more resilient due to decentralization, they can still be subjected to attacks, such as network congestion or node crashes caused by spam transactions, which affect normal operations. To prevent DDoS, blockchain needs to strengthen security measures at the node and network levels, including enhancing processing capabilities, deploying firewalls, conducting regular audits, and building redundancy, to ensure stable network operation.