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On-chain data shows that Strategy has transferred back 411 BTC previously moved to Coinbase Prime to its own address, and market speculation about its sale of Bitcoin has cooled down.

Recently, the semiconductor and memory chip sectors of the US stock market have continued to strengthen, with significant increases in trading activity for related assets. According to Gate market data, Micron Technology (MU) reached a 24-hour high of $951.26, currently reported at $936.77, with a 24-hour increase of 2.76%; SanDisk (SNDK) reached a 24-hour high of $1693.83, currently reported at $1654.41, with a 24-hour increase of 5.94%.According to CoinGlass data, the 24-hour contract trading volume for MU (Micron Technology) on the Gate platform reached $15.1529 million, while SNDK (SanDisk) reached $11.2302 million, both ranking among the top in the industry, with related trading activity continuing to rise.As global demand for traditional asset allocations like US stocks continues to grow, Gate is continuously bridging cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and capital utilization flexibility.Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and is continuously expanding its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

According to Cointelegraph, the cryptocurrency exchange Gemini has partnered with Elon Musk's xAI to launch a new feature in its prediction market called "Command Center," powered by Grok.This feature can automatically recommend personalized markets based on users' holdings, watchlists, and prediction history, covering areas such as cryptocurrency, sports, commodities, politics, economics, and culture.Currently, Gemini's prediction market business is still relatively small, with revenue of $400,000 in the first quarter of this year and approximately 20,000 users, far below leading platforms like Kalshi and Polymarket.

According to The Block, the publicly listed company Sequans Communications in Paris, France, announced the completion of all convertible debt redemptions related to Bitcoin reserves, selling approximately 80% of its Bitcoin holdings to repay the debt, and currently only 658 BTC remain, which are fully unrestricted.The company's CEO Georges Karam stated that this move marks a strengthening of the company's balance sheet and a simplification of its capital structure, and in the future, the company will fully focus on the scaled expansion of its 4G/5G IoT semiconductor, RF transceiver, and defense wireless application businesses.

Crypto journalist Eleanor Terrett posted on the X platform that, according to private messages made public last year by Brian Quintenz, a former CFTC chair nominee appointed by Trump, he previously refused to comment on enforcement actions related to Gemini before formally confirming the chair position.Eleanor Terrett stated that, at present, current CFTC chair Caroline Pham has aligned her position with the Winklevoss brothers, believing that the CFTC should not have sued Gemini from the beginning.She further indicated that whether to revoke the relevant consent order will be decided by a judge in the Southern District of New York. A legal expert stated that this move constitutes a "highly unusual step."

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to The Block, Bitcoin mining company Bitdeer announced that Chief Financial Officer Jianchun Liu will resign at the end of June for personal reasons and will transition to Chief Advisor, with former Corsair Gaming CFO Michael Potter taking over.Michael Potter served as CFO of Corsair Gaming from 2019 to 2025 and was involved in the company's 2020 IPO; he previously held senior positions at technology and semiconductor companies such as Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC. Bitdeer is currently expanding from Bitcoin mining into AI and cloud computing infrastructure, with its annualized AI cloud revenue recently approaching $70 million.

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 6 consecutive days, currently reported at -0.1644%. The outflow of Bitcoin spot ETFs over several days highlights the weak purchasing power in the U.S. market.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

According to Digital Asset, the trading volume of local virtual assets in South Korea has dropped to about 8% of the KOSPI trading volume, less than one-tenth of it. Media statistics show that the trading volume of the Korean won market exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) is only 8% of the KOSPI trading volume.The report points out that the South Korean virtual asset market has been continuously weakening since the second half of 2025, with a significant drop in October 2025 after a large-scale futures liquidation, while the KOSPI has strengthened due to semiconductor prosperity and policy support. Additionally, according to CryptoQuant data, the Bitcoin Korea premium indicator has been negative for most of the time since March, reflecting weak buying interest in the Korean market.

The B.AI platform announces that after the API side has completed the integration, Gemini 3.5 Flash is now officially available to platform Web Chat users. As Google's next-generation high-performance model, Gemini 3.5 Flash achieves high-speed and stable performance comparable to leading models at a lower cost, while demonstrating stronger capabilities in code understanding, complex task handling, and agent application scenarios, providing users with an efficient and smooth interactive experience. Currently, users can directly experience this model through the B.AI API and Web Chat dual channels, and are welcome to try it out immediately.

10x Research published an analysis on platform X, pointing out that as Bitcoin volatility continues to decline, the NAV premiums of most Bitcoin treasury companies have significantly compressed, with some even turning into substantial discounts, and related investor losses have begun to manifest.Historically, Grayscale's GBTC once experienced a 47% discount in December 2022, at which time investors could almost buy Bitcoin through this product at an implied price of less than $10,000. The market mistakenly viewed traditional financial crypto asset packaged products as "Bitcoin leverage tools," but these structures are actually more similar to options products: when volatility rises, implied value expands, while when volatility decreases, valuations are compressed.

Recently, the technology sector of the US stock market has continued to perform strongly, with AI and semiconductor-related assets consistently attracting market attention, driving the trading enthusiasm for mainstream US stocks to continue to rise. According to Gate's market data, NVIDIA (NVDA) is currently priced at $220.65, up 1.93% in 24 hours, with a 24-hour trading volume of $26.2318 million for related USDT perpetual contracts; Micron Technology (MU) is currently priced at $788.22, up 1.68% in 24 hours, with a 24-hour trading volume of $11.6861 million for related USDT perpetual contracts, and the trading activity is among the top in the industry.As global demand for traditional asset allocation such as US stocks continues to grow, Gate is continuously bridging the gap between cryptocurrency and traditional financial trading scenarios through a unified account system. Users can conveniently participate in trading global mainstream assets such as stocks, metals, foreign exchange, indices, and commodities through a single USDT account, further enhancing cross-market trading efficiency and flexibility in capital usage.Currently, Gate has launched over 130 US stock-related perpetual contract targets, as well as over 430 CFD contract targets, and continues to expand its diverse product lines including spot tokens, perpetual contracts, and on-chain assets, supporting 24/7 trading to provide users with a more flexible and efficient one-stop global asset trading experience.

The Sui mainnet officially launched the protocol-level stablecoin zero Gas transfer feature on May 20, supporting 7 types of assets including USDC, allowing users to complete transfers for free without holding SUI.In addition, the Premium Exchange incubated by NAVI Protocol is expected to officially go live on May 26 with its new system. These two developments optimize the trading experience from both the underlying protocol and application layer, further lowering the user entry threshold and promoting the development of the Sui ecosystem.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, only Gemini saw a decline, with a decrease of 0.25%; Bybit had the largest increase, reaching 2.65%.In terms of exchange asset transparency proof, in the past 7 days, the top three net inflows were Bybit (+$393 million), Bitget (+$342 million), and HTX (+$13.14 million); the top three net outflows were Binance (-$236 million), Gate (-$98.43 million), and Deribit (-$72.20 million).

XRPL developer Wietse Wind has issued a latest security warning to the XRP community, stating that there has been an increase in scam activities targeting Xaman Wallet users. Scammers are currently promoting fake desktop wallet applications and counterfeit airdrop activities to lure users into connecting their wallets or downloading malicious programs, thereby stealing funds.Wietse Wind reminds users not to connect their wallets to suspicious websites and not to download any unofficial applications to avoid asset loss.

Morgan Stanley pointed out that by 2030, the global semiconductor industry market size could reach $1.5 trillion, with AI-related semiconductor products contributing a significant share. The capital expenditure of major cloud service providers remains strong.Morgan Stanley's cloud capital expenditure tracker estimates that by 2026, cloud capital expenditure will approach $811 billion. Research suggests that agent-based artificial intelligence has generated a growing opportunity for CPU applications. As AI shifts from reasoning to execution, GPU computing intensity increases. The agency has raised the total addressable market (TAM) for orchestration CPU in the baseline scenario to $79 billion, with the market added value (TAM) forecast for CPU orchestration technology reaching $238 billion.

According to Coinglass data, the Coinbase Bitcoin premium index has been in negative premium for 8 consecutive days, currently reported at -0.1197%. Bitcoin spot ETFs continue to see outflows, and purchasing power in the U.S. market is weak.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

CryptoQuant analyst Darkfost stated that due to the recent intensified selling pressure from institutions, the Coinbase premium has fallen into negative territory, recording a monthly low of negative 0.0983%. This indicates that institutions and professional investors trading on Coinbase Advanced are selling more aggressively than retail investors on Binance.Analyst Axel Adler pointed out that this indicates a zero confirmation of U.S. spot demand. LVRG research director Nick Ruck stated that the decline in the premium reflects the emergence of net selling pressure from large holders, as institutions are taking profits or readjusting their positions.In addition, CoinGlass data shows that since May 14, there have been four trading days of net outflows from U.S. spot Bitcoin exchange-traded funds, totaling $1.3 billion. Bitfinex reported that this week, the open interest in Bitcoin futures or perpetual contracts has decreased by about $1.5 billion, clearing most of the leverage.