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CryptoQuant research director Julio Moreno said in a report by CoinWorld that Bitcoin’s potential bottom could be around $53,600. This level corresponds to the current realized price and has repeatedly come close to bear-market bottom areas historically, but that does not mean Bitcoin will necessarily fall to that level. For now, it should only be viewed as a “valuation-bottom candidate,” not a confirmation of the cycle bottom. CryptoQuant believes that Bitcoin demand remains “deeply unfavorable.” Last week, total demand fell by 652,000 BTC, marking the largest single-week contraction since January 2022. The 30-day ETF demand growth then narrowed to -74,000 BTC, the weakest level since the launch of U.S. spot Bitcoin ETFs. In addition, realized losses by holders over the past 30 days were 187,000 BTC, still below levels seen during historical capitulation phases.

Crypto界网消息，Cathie Wood通过其旗舰ARKK基金在市场动荡中继续持有大量加密相关股票，尽管自6月2日以来，标准普尔500指数已损失约30k亿美元。根据Ark Invest最新的投资组合披露，该基金仍然对加密货币和数字金融公司保持显著的投资。尽管风险资产持续疲软，Wood仍然看好比特币的长期前景，预计到2030年比特币价格将达到约730k美元，牛市情况下甚至可能达到1.5M美元。与此同时，Robinhood的股票在报告时上涨超过3%。

CryptoWorld News: The whale address spent 16.87 million DAI to purchase 10.4k ETH 12 hours ago, at an average price of $1,626. The address currently holds 50 million DAI.

AIMPACT News, May 17 (UTC+8), OpenAI acquired AI voice cloning tool developer Weights.GG in January of this year. About six employees joined OpenAI, and the company obtained the intellectual property rights of the startup but has no product integration plans. Weights.GG had previously raised $4 million in funding, with investors including Kleiner

Coinjie Media news: Ma Ji Huang Licheng reduced his long ETH position by 500 lots on the HyperLiquid platform, roughly worth $864,200. The current position size is $2,867,220. The average price has fallen from $1,747.07 to $1,743.45. His current profit and loss is -$96,656.53, and his loss ratio is -84.28%. The current coin price is $1,686.59, and the liquidation price is $1,648.26. This trader previously profited from blue-chip NFTs, but after becoming active again this year, he has suffered massive drawdowns one after another since October; his funds have shrunk from over $100 million to several hundred thousand dollars.

CryptoWorld News: Ukrainian Deputy Prime Minister: Russia carried out over 500 drone attacks on Ukraine's logistics infrastructure in April.

CryptoWorld News: New crypto guru Serenity posted on the X platform that if the U.S. Clarity Act proceeds along its current trajectory, it may benefit the traditional banking system but restrict innovation in certain areas of cryptocurrency and products competing with banks, potentially impacting market liquidity. He believes that the current valuations of crypto concept stocks like Coinbase, Robinhood, and Circle may be attractive to swing traders.

ME News reports on June 3rd that shell companies associated with Musk have recently purchased land in the suburbs of Houston, possibly for the location of the $55 billion chip factory Terafab.
Terafab is jointly promoted by SpaceX, Tesla, and xAI, with an investment cap of $119 billion, focusing on AI and robotics chips.
WIT Tech LLC has acquired at least 6 parcels of land in Grimes County, totaling over 6,000 acres, with the transaction amount undisclosed.

Wu Shuo learned that the U.S. SEC proposed in the "Draft Strategic Plan for Fiscal Years 2026–2030" to establish a "rational, consistent, and principles-based" regulatory framework for digital assets and distributed ledger technology, clarifying the boundaries of securities law applicability in the digital asset space, supporting compliant financing through token issuance, and promoting the development of on-chain financial infrastructure. The SEC also stated that it will promote custody, trading, and staking services to operate under appropriate regulation, and clarify the division of regulatory responsibilities between the SEC and CFTC to provide clearer, lawfully authorized regulatory rules for the crypto market.

According to a report by hket, a message from BIjie News said that Hong Kong’s Acting Secretary for Financial Services and the Treasury, Chen Haolian, stated that the authorities plan to submit virtual asset management legislative proposals to the Legislative Council within the year. The proposals will cover trading, custody, providing advisory services, and asset management, and will also implement a mandatory licensing arrangement. The new framework will be advanced based on the principle of “the same business, the same risks, the same rules,” and will strengthen private key management and customer asset security. The Hong Kong Securities and Futures Commission (SFC) said that applications for virtual asset licenses continue to increase, but licensing will focus on balancing quality and market capacity.

Crypto Jie News reports that APompliano said the White House has become an important capital allocator and has drawn widespread attention. He noted that, “There is a very clear mission to share the benefits with taxpayers.” In this process, taxpayers are seeing astonishing returns on paper. He mentioned, “How many Wall Street people are in this government is sometimes overlooked.” He believes, “The idea of allocating funds to companies has long existed, but allocating in a way that allows taxpayers to see some kind of benefit is relatively new and more interesting.” He added, “Of course, you can debate its pros and cons—this is definitely different.”

ME News reports that Guo Dongjie proposed ten levels of value in art collection at the "From Appreciation to Allocation" forum, covering emotions, family, socializing, hedging, monetization, and legacy. He took Schiller as an example, describing how a buyer's interest increased after learning that Jay Chou also collects art, and then, through AI analysis showing a ten-year annualized appreciation of 7%, they made a purchase. He emphasized that art collection integrates emotion, social interaction, and data-driven decision-making, with the auction hammer representing allocation discipline: liking is the starting point, and rationality is the bottom line.

ME News Report, May 28 (UTC+8), Federal Reserve Board Member Lisa Cook stated in a speech at Stanford University that inflation is heading in the wrong direction, and if this situation persists, she is prepared to raise interest rates. Although Cook leans toward keeping borrowing costs unchanged and expects price growth to cool again in the coming months, her remarks align with many Federal Reserve officials' views that accelerating inflation is a primary concern of current policy. (Source: ChainCatcher)