📢 Gate Square Daily | May 28

1️⃣ Geopolitics Update
Tensions in the Middle East have escalated once again as the United States launches new strikes against Iran. Former President Donald Trump stated that he is “not satisfied” with the current draft of the ongoing agreement, signaling continued uncertainty and instability in the region.
2️⃣ Market Update
Bitcoin ($BTC) has dropped below $74,300, marking a six-week low. The sudden decline triggered a wave of liquidations across the crypto market, totaling approximately $160 million within just 4 hours. Long positions were heavily impacted, accounting for nearly $151 million of the total liquidations.
3️⃣ Crypto Regulation
The White House is currently reviewing proposed prediction market regulations submitted by the CFTC. This comes after Trump previously expressed support for expanding the agency’s jurisdiction over the sector, indicating growing political attention toward prediction-based financial markets.
4️⃣ Security Incident
A major exploit has hit StakeDAO, where an infinite minting vulnerability was discovered. Approximately 5.4 trillion vsdCRV tokens were abnormally minted on Arbitrum. Reports suggest that some of the exploited assets have already been bridged over to Ethereum, raising serious security and liquidity concerns.
5️⃣ Platform News
Crypto card usage is experiencing strong growth, with monthly transaction volume increasing by 230% compared to 2025 levels. The Gate Platinum Card now supports Visa and Google Pay, offering up to 5% cashback. Users with VIP5+ status can apply using a passport.