📢 Gate Square Daily Report | May 18

1️⃣ Geopolitical Situation: Reports suggest the U.S. and Israel may resume military actions against Iran as early as next week; Iran threatens to cut undersea cables in the Strait of Hormuz, causing a sharp increase in geopolitical risks.
2️⃣ Market Dynamics: The crypto market broadly declines, with BTC falling below $77,000; panic selling of U.S. Treasuries spreads, South Korean stocks trigger a circuit breaker, and gold drops below $4,500.
3️⃣ Crypto Regulation: Galaxy Research Director estimates that the CLARITY Act could be submitted to Trump for signature and become law as early as August.
4️⃣ Institutional Movements: BlackRock is discussing investing between $5 billion and $10 billion in SpaceX's IPO next month.
5️⃣ AI Developments: xAI directly connects Grok to Hermes Agent, enabling access to over 130k active users without building a proprietary agent platform.