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According to ChainCatcher and Jin Shi, the USD/JPY fell below 159, down 0.25% intraday.

According to Bijie.com, Iran stated that at this stage, no commitments have been made regarding the details of the nuclear issue. Iran pointed out that previous Israeli media reports that Iran would not be allowed to unlock frozen funds before starting to transfer enriched uranium reserves were incorrect. Iran is reluctant to link the unfrozen assets to the nuclear material issue and emphasized that once an understanding is reached, some frozen assets should be immediately unfrozen to ensure Iran can fully utilize these assets. Iran also stated that if the frozen assets are not lifted, it will cross its bottom line, and both sides will be unable to reach a consensus. Due to various reasons, including U.S. obstruction of unfreezing Iranian assets, the contents of the memorandum of understanding have yet to be finalized, and there is a possibility that consensus cannot be reached.

According to Bijie.com, U.S. Secretary of State Rubio, who is visiting India, told the media on the 24th that the draft agreement between the U.S. and Iran has received support from several Middle Eastern countries. Currently, seven to eight countries have supported this draft, and the U.S. side is preparing to continue advancing. Rubio also said that nuclear negotiations are highly professional, "It's impossible to settle nuclear matters in 72 hours on the back of a napkin," but President Trump's commitment to preventing Iran from acquiring nuclear weapons should not be questioned. Earlier that day, Trump posted on social media that negotiations with Iran were "proceeding in an orderly and constructive manner," and he had informed the U.S. representatives that there was no need to rush to reach an agreement with Iran.

According to Catcher Predict's on-chain data monitoring, large capital movements are expected on the Polymarket market. Some whale funds made a single purchase of $53,461.81 against "Spain" during the "2026 FIFA World Cup Champion" event. Based on the current transaction price, the latest win rate for this target is 82.6%

According to ChainCatcher and Jin Shi, European Central Bank President Lagarde stated that the current uncertainty is too high to make a commitment to interest rates. She mentioned that inflation forecasts may be revised in June, when the ECB will aggregate all data to assess the economic situation.

According to ChainCatcher and Jin Shi, White House National Economic Council Director Hasett stated that if the U.S. and Iran reach a potential agreement, it could lead to a sharp drop in energy prices and create room for the Federal Reserve to cut rates. He also pointed out that recent inflationary pressures have been mainly driven by high energy costs.

According to Binance, Ethereum founder Vitalik Buterin stated that his influence over the Ethereum Foundation is waning, and this change is intentional. He envisioned the future foundation operating as a "smaller ship" and emphasized that the foundation does not pursue being the absolute core of the ecosystem. Buterin pointed out that the foundation's board is expanding, and his authority on the board will continue to decrease, which is exactly what he hopes for. He reiterated that the foundation never intended to be an "eternal manager" or a decisive center of the network. Currently, foundations hold only about 0.16% of the total ETH supply, far lower than many competing Layer 1 blockchains. Buterin also criticized the industry's obsession with maximizing throughput, arguing that this could sacrifice decentralization and security. He warned that pursuing only 250 milliseconds latency and speeds of one million transactions per second at the expense of core network attributes is a mistake. Instead, he insists that Ethereum must be impressive in more fundamental aspects, with key goals including provable, error-free code and available chain consensus.

According to Bijie.com, Trump stated on social media: "If I reach an agreement with Iran, it will be a good and legitimate deal, unlike the one Obama reached—giving Iran a large amount of cash and a clear open path to nuclear weapons." Our agreement is exactly the opposite, but no one has seen it yet, and no one knows what it is. It hasn't even been fully negotiated yet. So, don't listen to those who criticize the failures who know nothing about themselves. Unlike those before me—who should have solved this problem years ago—I don't make bad deals! ”

BlockBeats reported that on May 25, according to Coinglass data, over the past 7 days, CEXs had a cumulative net inflow of 18,528.47 BTC. The top three CEXs by inflow are as follows: Binance, with 8,934.67 BTC flowing in; Bitfinex, with 5,524.73 BTC flowing in; Coinbase Pro, with 1,663.14 BTC flowing in.

According to Bijie.com, on the 24th, Ukraine's National Security Service posted on social media that the "Alpha" special operations center under Ukraine launched an attack on a fuel pumping station in Russia's Volodymyr region. According to Ukraine's National Security Service, this pump station is responsible for transporting fuel produced by refineries in central Russia to large oil depots around Moscow, and supplying fuel to Sheremetyevo, Domodedovo, and Vnukovo airports. Due to a Ukrainian drone attack, the pump station caught fire, with the burned area exceeding 800 square meters.

BlockBeats reported on May 24 that according to AXIOS, a senior U.S. official stated at a briefing that the White House does not expect to end the war agreement with Iran on Sunday, believing it may take several days to obtain approval from Iran's leadership, including the Supreme Leader. U.S. officials are optimistic that the agreement will be signed within days, but also acknowledge that it has not yet been finalized and could still break down. The agreement would avoid an escalation of the war and ease global oil supply pressures, but it remains unclear whether a lasting peace agreement can be reached and Trump's nuclear demands met. On Sunday, Trump said on social media that he had told "delegates not to rush to an agreement," and that "both sides must take their time to get things done." (Jin Shi)

According to Bijie.com, a whale has opened a new NEAR short position on the HyperLiquid platform, with a position size of 399,140 tokens and an opening price of $3.29. The current token price is $2.51, the liquidation price is $34.78, and the total open interest is about $1,000,085.18. This whale also ventured into crypto, US stocks, and block trades with a scale exceeding $70 million, becoming the main indicator for on-chain crude oil and US stock indices, with total profits and losses of about $56 million.

According to Catcher Predict's on-chain data monitoring, large capital movements are expected on the Polymarket market. Some whale funds bought $91,386.83 worth of West Ham United in a single transaction during the "West Ham United vs Leeds United" event. Based on the current transaction price, the latest win rate for this target is 58%

BlockBeats reported that on May 24, Michael Saylor posted that this week we bought bonds, not Bitcoin. BitVac is charging.

According to Odaily Planet Daily, Greeks.live analysis points out that Bitcoin's weekend rebound was driven by news from the US and Iran. This weekend, the core BTC options constraint—post-settlement gamma—eased, and the biggest pain point near $78,500 remains the dividing line between Bitcoin bulls and bears. In the short term, if BTC holds above $77,000–$78,000, it is highly likely to continue oscillating with a slightly stronger trend; If volume surges above $80,000, the Call side may reignite buying momentum. Short-term IV remains low, and considering the strong recent volatility expectations, it is better to use Call Spread / Put Spread to control costs.

Odaily Planet Daily reports that despite concerns about inflation triggered by the war, there are signs that other factors are also affecting long-term borrowing costs. In the US, the so-called "real yield" after adjusting for inflation has a greater impact, indicating that bond investors are worried about more than just price pressures from the Iran war. Other drivers include: the already massive public debt burden may expand further, the impact of the AI investment boom, and the increasing likelihood of central banks like the Federal Reserve raising rates rather than cutting them. Strategists from ING, Goldman Sachs, and Barclays all emphasized a common speculation that some recent long-term yield increases will not fully reverse even if inflation driven by rising oil prices falls further. This means that even after the conflict ends, market borrowing costs may remain near multi-year highs, continuing to put pressure on governments and the economy. (Jin Shi)

According to ChainCatcher, as Ethereum continues to weaken, Tom Lee's BitMine has seen a floating loss on ETH reserves on paper to about $7.35 billion. Data shows that ETH has dropped more than 57% from its October 2025 peak of about $4,955, and its market share (ETH Dominance) has also dropped from about 15% to around 10%. BitMine launched its ETH reserve strategy in July 2025, continuously increasing its holdings after completing a $250 million private placement. Latest data shows that it currently holds about 5.28 million ETH, accounting for approximately 4.37% of Ethereum's total supply, making it the world's largest publicly listed ETH reserve company. Despite the continued expansion of unrealized losses, Tom Lee still adheres to a long-term increase strategy. BitMine has stated it will moderately slow its coin purchase pace but will not abandon its ETH reserve plan, expecting to hold 5% of Ethereum's total supply before December this year. However, technical risks continue to intensify. Analysts point out that ETH is currently near the lower boundary of a typical "rising wedge" bearish structure. If it effectively breaks below support, the price could further decline to the $1600 area, leaving about 25% downside from current levels. If this scenario occurs, based on BitMine's average holding cost of about $3,513, its ETH holdings could lose money and further expand to about $10.1 billion. Meanwhile, market sentiment continues to deteriorate. On-chain data platform Santiment shows that the ETH social media long-short comment ratio has rapidly dropped from over 2:1 at the end of April to nearly 1:1. Analysts say that more and more traders are beginning to view ETH as "dead money" (an asset lacking upward momentum).

According to BlockBeats, on May 24, Ethereum treasury company BitMine (BMNR) currently holds 5.28 million ETH, accounting for about 4.37% of the total ETH supply. As ETH has retraced more than 57% from its October 2025 peak, BitMine's current paper floating loss has expanded to about $7.35 billion. BitMine launched its Ethereum treasury strategy in July 2025 and has continued to increase its ETH holdings during the downturn. The company's average holding cost is about $3,513. BitMine Chairman Tom Lee has previously stated multiple times that ETH has experienced a "V-shaped rebound" after significant pullbacks, and the current decline may still be a long-term buying opportunity. However, analysts point out that ETH's current technical pattern shows an 'ascending wedge' bearish structure. If it breaks below key support levels, the price could further decline to around $1600, a drop of about 25%. If this scenario occurs, BitMine's unrealized losses on paper could expand to over $10 billion. Additionally, ETH is currently facing pressures such as ongoing ETF outflows, worsening market sentiment, and personnel changes within the Ethereum Foundation. Santiment data shows that the ratio of bullish to bearish comments on ETH social media has dropped from 2:1 at the end of April to nearly 1:1.