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Canadian billionaire Frank Giustra warns that the crypto industry is prone to state intervention, reigniting the debate over its safe-haven status. He cites an incident disclosed by the U.S. Treasury Department in which about $1 billion in crypto wallets were confiscated, stressing that Bitcoin’s public ledger leaves permanent traces and is not safe under government surveillance—and may even be seized. He also says that institutional adoption is the main risk to decentralization, adding that Wall Street controls the outcome.

> Original Title: "The Free Era of the Internet Has Ended"
> Original Author: Hualin Wuwang, Geek Park


Once upon a time, users used internet products for free, with the cost being watching "ads" in

This week's market focus on US-Iran negotiations, inflation and Federal Reserve policies, and the AI industry chain. Despite disagreements on issues such as nuclear talks and sanctions, the rebound in US inflation has compressed expectations for rate cuts. US stocks rose, with AI-related sectors leading the gains, storage chips entering the trillion-dollar market cap club, and HBM in high demand. Embodied intelligence is a hot topic, with Yushutec going public in June and releasing WVLA2.0. Oil prices retreated, gold fluctuated. Overall, the main themes are the AI supercycle, policy shifts, and geopolitical easing.

ME News message: On May 29 (UTC+8) and May 29, Ctrip received notifications from multiple airlines. Starting from June 5, 2026 (ticket issuance date), adult passengers will be charged a fuel surcharge of 150 yuan per passenger for routes over 800 kilometers, and 80 yuan per passenger for routes of 800 kilometers (inclusive) or less. Compared with the adjustment before, the fuel surcharge has been reduced by 20 yuan/10 yuan. The reduction in fuel surcharges will reduce travel costs. (Source: Wall Street Journal)

CryptoWorld News: Israeli Prime Minister Netanyahu will continue to strike Hezbollah in Lebanon until the mission is accomplished.

ME News Update, May 28 (UTC+8), according to CoinMarketCap market data, XRP is currently priced at $1.2854, down 3.8% in the past 24 hours. (Source: CoinMarketCap)

Mars Finance News, according to Gate Market Data, the three major US stock index futures are declining, with the Nasdaq 100 Index futures down 0.13%, the S&P 500 Index futures down 0.01%, and the Dow Jones futures slightly up by 0.04%.

Headquartered in Dallas, United Texas Bank has received OCC approval to convert from a chartered bank to a national bank, positioning itself as an institution connecting global crypto companies with the U.S. banking system, with federal licensing equivalent to major currency center banks and direct access to the Federal Reserve, clearing approximately $10 billion in global crypto transactions monthly. The bank also launched a 24/7 AI-driven payment network, UTB Atomic, paired with the compliance platform UTB Prism Sentinel, to restore around-the-clock crypto liquidity and address new federal regulations for digital assets and stablecoins.

BlockBeats News, May 27 — According to OnchainLens monitoring, the whale trader Evaded (@ICanPlug) evaded closing his long positions in ZEC and BTC, incurring a loss of $4.83 million.
Subsequently, he opened a short position of 940 BTC with 30x leverage, valued at $71 million, and his total loss has now exceeded $3.69 million.

CryptoWorld News, on the evening of the 26th local time, Deputy Commander of the Iranian Islamic Revolutionary Guard Corps Navy, Mohammad Akbarzadeh, stated that the U.S. and European economies are highly dependent on energy prices and are easily affected by regional situation changes. This leverage of pressure puts the United States in a "requesting" position when it comes to reaching agreements with Iran. He also said that U.S. hegemony is declining, Western strategic judgments have also failed, and regional countries and major global powers have realized that the U.S. is no longer able to provide security guarantees for its allies.

CryptoWorld News reports that on May 26th local time, U.S. President Trump had a phone call with Israeli Prime Minister Netanyahu. Amidst tense regional tensions and the U.S.-Iran diplomatic negotiations entering a critical stage, the two sides discussed the relevant situation.

Mars Finance News: On May 25th, the European Stoxx 50 Index rose by 2%, erasing all declines since the start of the Iran conflict.

According to ME News on April 18th (UTC+8), forecast market data shows that in the event of "Will shipping through the Strait of Hormuz return to normal before the end of April," the trading probability of the "Yes" option increased from 28.5% to 48.5% on that day, a rise of 20.0 percentage points.