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BlockBeats reported that on May 25, amid the near-total suspension of navigation in the Strait of Hormuz, a supertanker carrying about 2 million barrels of Iraqi crude successfully crossed the blockade, drawing global attention to the oil market. Meanwhile, the Swiss trading company Lytton SA, which operates behind the scenes, has also become a hot topic for securing about $60 million in gross profit from a single transaction. According to reports, the tanker named "Agios Fanourios II" was originally intended to transport crude oil to Vietnam. During its voyage, it was repeatedly intercepted by Iran and the U.S. and underwent several rounds of diplomatic coordination. Ultimately, the transport was successfully completed with the intervention of Petro Vietnam Oil Corp., the national oil company of Vietnam. Due to tensions in the Strait of Hormuz, Iraqi crude oil has seen a significant discount in the Gulf. Sources say Lytton SA purchased crude oil at $18 per barrel below the international benchmark price, combined with high premiums outside the Gulf, creating astonishing arbitrage opportunities. However, high profits also come with high risks. The cost of a single shipment by sea reached as high as $35 to $40 million, and the vessel was even asked to sail to Iran's Bandar Abbas Port, but was intercepted and investigated by U.S. forces after leaving the strait. Ultimately, after confirming the goods were not Iranian crude oil, the U.S. side released them. With oil prices fluctuating sharply and tensions in the Middle East persisting, the global oil trading market is experiencing a rare window of high profit. The report states that some crude oil trading spreads have widened to $20 to $30 per barrel, with single-vessel profits reaching tens of millions of dollars, attracting more and more traders and shipowners to "venture" into the Strait of Hormuz.

Odaily Planet Daily reports that according to a report by Qatar's Al Jazeera on the 25th, Iranian officials have stated that the Strait of Hormuz will be opened in phases. (Xinhua News Agency)

According to Bijie.com, Blackstone Group experienced its largest capital outflow of the year over the past week, selling about $1.01 billion worth of Bitcoin. Although Blackstone maintains its dominant position in the Bitcoin ETF market, last week's outflows showed a shift in market sentiment, with overall Bitcoin ETFs recording $1.26 billion in outflows. Bitcoin is currently trading at $77,443, up 0.45% from the previous day. Market participants' confidence in future price movements is gradually waning, and further price declines are expected.

BlockBeats reported that on May 25, as the market bet on easing the US-Iran situation, Bitcoin rebounded from around $75,000, prompting traders to expect Bitcoin to surges toward $80,000 and trigger a large number of short liquidations. Several traders said that Bitcoin's previous drop below $75,000 felt more like a "liquidity sweep," and the market has now returned to a short-term bullish rhythm. Analysts point out that the $80,000 to $80,500 range is packed with high-leverage short positions, and if prices continue to rise, it could trigger a new round of short squeezes. Meanwhile, market expectations for a peace agreement between the US and Iran are heating up, with US stock futures hitting record highs ahead and oil prices retreating. Analysts believe that if geopolitical risks cool, it will help the overall recovery of risk assets, including the crypto market. However, on-chain and capital flow data still send warning signals. On-chain analytics platform CryptoQuant points out that Binance's net Bitcoin inflows have increased significantly over the past 10 days, with monthly reserves rising by about 16,000 BTC, which is often seen as a signal of rising potential selling pressure. Additionally, U.S. spot Bitcoin ETFs have seen ongoing outflows recently, with Coinbase's premium index turning negative, indicating weakening institutional demand in the U.S. Meanwhile, leveraged long positions in the market continue to increase, and funding rates remain positive. Analysts warn that against the backdrop of "ETF withdrawals, weak spot demand, and crowded leveraged bulls," Bitcoin currently resembles a leverage-driven fragile rally rather than a healthy bull market, and that a "large-scale liquidation event" may occur in the future.

According to ChainCatcher, Binance will remove the following leveraged trading pairs at 14:00 on May 29, 2026: cross-margin pairs COW/USDC, SKL/USDC, COTI/USDC, and isolated margin pairs COW/USDC. Users should note that isolated margin lending services for related trading pairs will be suspended at 14:00 on May 26, 2026, at which point all pending orders will be automatically closed and liquidated.

According to ChainCatcher and PeckShield monitoring, WUSD/GLOVE on Ethereum was attacked, resulting in losses of about $207,000. The attacker converted the stolen assets into about 98 ETH and deposited them into Railgun.

According to ChainCatcher and Cointelegraph, plaintiff Noah Doe and two Wyoming LLCs filed a lawsuit in New York, USA, on May 1, seeking court ruling on ownership of 39,069 dormant Bitcoin addresses, invoking New York state's lost property laws, and asserting that the address holding coins constitutes "abandoned property" in the legal sense. The addresses involved include those starting with "12c6D" linked to Satoshi and "1Feex" linked to the Mt. Gox hacker. According to estimates by the founder of on-chain analytics platform Timechain Index, the listed addresses hold about 3.7 million BTC, valued at approximately $285 billion. However, Noveleader, chief research analyst at investment research firm Castle Labs, pointed out that even if the court rules in favor of the plaintiffs, it is only symbolic, as the Bitcoin network itself does not have a mechanism to redistribute funds without private keys. Additionally, the plaintiff sent legal notices to P2PKH format addresses, while the involved BTC was actually stored in P2PK scripts. The analyst believes this move is "structurally flawed" and could render the waiver of the notification process invalid.

According to ChainCatcher, 2U2.ai announced a new round of strategic investment, with the exact amount not yet disclosed. This round of investors includes Castrum Istanbul and M2M Capital, supporting 2U2.ai in continuously advancing meme infrastructure construction and ecosystem expansion. To date, 2U2.ai has received support from institutions such as Becker Ventures, CGV FOF, Gemhead Capital, K24 Ventures, Castrum Istanbul, and M2M Capital. 2U2.ai is building a MemeLayer for Web3, using AI to drive meme generation, dissemination, and remixing, creating a scalable and incentivized meme content network. Currently, the platform has launched the Meme Arms Race points system, allowing users to earn points by creating, sharing, and distributing meme content, and participate in subsequent ecosystem incentives.

According to Bijie.com, Aishelen announced that the company previously decided to have its Hong Kong subsidiary increase its investment in Moroccan Sun Innovation Medical by 15 million euros (i.e., total investment not exceeding 20 million euros) to accelerate the construction of the innovative medical production base. On May 24, Innovation Medical held a groundbreaking ceremony for the project at Tangier Science and Technology City, marking the official entry of the project into the construction phase. The construction of this project marks an important milestone in the company's development history. Once fully completed and operational, the company will add a long-term and stable R&D and manufacturing base, effectively covering regions such as Europe, the Middle East, and North Africa, forming a more complete industrial chain and stronger delivery capabilities.

Odaily Planet Daily reports that U.S. President Trump says the agreement with Iran will be completely different from the failed JCPOA negotiated by the Obama administration. For Iran, the JCPOA is a direct and open path to nuclear weapons. I wouldn't make such an agreement.

BlockBeats reported that on May 25, Binance announced the launch of a dedicated Alpha token research center called "DYOR," integrating on-chain data to provide transparent information for all users. Users can view market information, trading data, token unlocks, and basic project metrics on the app's spot trading page. In the future, it will gradually expand to include more tokens.

According to Bijie.com, US-Iran negotiations have boosted market sentiment, but analysts warn that a single agreement alone is not enough to restore the global energy system to normal. The crude oil market is reacting positively to signs that the US and Iran are increasingly close to reaching an agreement. Data from Sparta Commodities shows traders expect that about 100 million barrels of crude oil currently stranded near the Strait of Hormuz may return to circulation relatively quickly, temporarily providing ample spot market supply and easing recent supply shortage concerns. However, the company's senior analyst, June Goh, pointed out: "Fundamentally, the overall fundamental landscape has not changed. "Even if navigation in the Strait of Hormuz can be restored immediately, it will still take three to six months to fully restore crude oil production and logistics networks. This means that before global Middle Eastern crude oil production fully resumes online, the global market will have to continue depleting existing inventories.

According to a report from Bijie.com, Fitch Ratings pointed out that Kioxia appears better positioned to withstand the inherent volatility of the NAND flash market, while maintaining financial flexibility and continuing to invest in technology and capacity. Fitch noted that the Japanese chipmaker's balance sheet has been strengthened, mainly due to improved profitability, enhanced cash generation capacity, reduced financing costs after debt refinancing, and ongoing deleveraging efforts. Fitch also specifically highlighted the strong demand for enterprise solid-state drives (SSDs) driven by artificial intelligence (AI), and as data center demand continues to expand, the share of such products in company sales is expected to keep rising. However, Fitch noted that given Kioxia's profitability being highly sensitive to NAND flash pricing and supply-demand changes, subsequent rating actions will depend on whether there are signs that cyclical fluctuations in the memory chip market are weakening. Fitch has upgraded Kioxia's issuer default rating (IDR) from "BB+" to "BBB-", with a rating outlook of "stable".

BlockBeats reported on May 25 that Indonesia's national news agency ANTARA reported that Indonesia's Ministry of Communications and Digital Affairs has blocked the prediction market platform Polymarket on suspicion of conducting online gambling activities under the name of "prediction markets." Alexander Sabar, Director General of Digital Space Supervision at Indonesia's Ministry of Communication and Digital Affairs, stated that platforms like Polymarket, although using blockchain technology and crypto assets, actually involve financial bets and speculation on uncertain event outcomes, thus violating Indonesia's current laws. The department stated that, in addition to blocking the Polymarket website, it is also tracking social media accounts associated with it and will continue to block platforms suspected of providing similar services.

According to Bijie.com, according to Charles Gave, an analyst at Gavekal Research, pointed out in a report that India's increase in gold import taxes will not suppress local gold demand. He stated that this move has caused the rupee's value to shrink against gold, instead encouraging local residents to buy more gold as a means of saving. Gamve further added that although the government needs to tap into India's gold resources, "those who have long been accustomed to saving in gold will never give up holding gold unless they receive generous rewards." He also noted that gold-linked bonds may better support government financing through principal and interest payments, while maintaining gold levels.

According to Bijie.com, Cardano governance has sparked new debate following a vote on a 62 million ADA financial proposal. A leading delegate changed his support for the proposal, raising concerns about transparency, leadership behavior, and spending oversight. Input Output Global recently shared proposals related to Plutus, aimed at improving efficiency, reducing costs, enhancing security, and simplifying development tools. Despite the proposal sparking tensions within the community, many developers and network supporters still believe the Plutus upgrade is crucial for Cardano to compete with other smart contract networks.

Odaily Planet Daily reports that on the 25th local time, Iranian President Pezehiziyan stated that after Iran's hostile forces suffered defeats in the military arena, their current focus has shifted to economic warfare. Pezeshiqiyan stated that Iran's current negotiation process and external interaction arrangements are aimed at ensuring the full protection of the rights of the Iranian people. Under no circumstances will Iran yield to external pressure or excessive demands. (CCTV News)

According to Bijie.com, Bybit announced SKYAI1USDT major entry into the perpetual contract platform, now open for trading and supporting up to 10x leverage. Users can trade these contracts through contract bots such as Futures Grid, Contract Martingale, and Contract Pool. The underlying asset of SKYAI1USDT is SKYAI, settlement asset is USDT, minimum price accuracy is 0.00001, funding rate cap is 2.5%, funding fees are settled every 4 hours, and trading hours are round-the-clock.

According to Bijie.com, Ethereum's price has slipped into a bearish domed structure, currently below $2,150, trading near $2,115, down nearly 12% over the past seven days. While traders shifted their funds toward Bitcoin, the token briefly rebounded to the $2,000 support zone. The Senate Banking Committee's push for the Clarity Act on May 19 triggered selling pressure, and the market failed to sustain its rise; instead, there was a reaction of "selling the news." JPMorgan's bearish report warns that future Ethereum upgrades could weaken the network's fee burn mechanism, further worsening institutional sentiment. The U.S. Ethereum ETF recorded a net outflow for the tenth consecutive trading day, with about $215 million outflowing over the past week. On-chain data shows that the number of Ethereum addresses held by large holders dropped from about 1,100 to nearly 1,030 during the adjustment period. The Ethereum-to-Bitcoin ratio has slipped to 0.027, indicating Ethereum's poor performance relative to Bitcoin. Any sustained rebound to $2150 would significantly weaken the dome structure.