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According to Jinshi, the U.S. Central Command announced that the U.S. military has begun a series of strong strikes against Iran.

The new research lab Ethlabs was launched this week, co-funded by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies holding approximately 5.7 million ETH, and Sharplink holding approximately 876,000 ETH, with the specific funding amount undisclosed.Sharplink CEO Joseph Chalom stated that Ethlabs will complement the Ethereum Foundation, but acknowledged that the two will "overlap in certain areas," and that "the most concentrated talent" will be at Ethlabs. The lab focuses on faster settlement, cross-chain interoperability, and readiness for institutional and AI applications, which highly overlaps with the priorities of the Foundation after its reorganization this week.This move comes as the Ethereum Foundation cut about 40% of its 2026 budget and eliminated 54 positions this week, with Vitalik Buterin defining it as a shift towards a donation fund model. Former Foundation core development coordinator Trent Van Epps warned last week that core development faces a funding gap in three to nine months. Ethlabs' first real test will be the Glamsterdam upgrade, where the roadmaps of the two organizations will intersect for the first time in a limited upgrade queue.

According to token unlocking data from the Crypto asset data platform RootData, GUNZ (GUN) will unlock approximately 36.857 million tokens at 1 PM Beijing time on June 30, worth about 2.03 million USD.

According to Jinshi reports, SpaceX (SPCX.O) has begun issuing unsecured senior notes, which will use the net proceeds to repay outstanding loans.

BIT Official released a chart analysis stating that the crypto market has begun to price in the SpaceX IPO in advance. The chart shows that SpaceX plans to IPO on June 12 with an estimated valuation of about $1.74 trillion, nearly 40% higher than the latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have both launched perpetual contracts related to SpaceX, with the implied valuation corresponding to the market price being approximately $2.41 trillion.Markus Thielen believes this indicates that the market is betting on SpaceX completing its IPO at a higher valuation or performing strongly after going public. At the same time, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to popular themes in stocks and the primary market.

According to token unlocking data from the Crypto asset data platform RootData, GUNZ (GUN) will unlock approximately 36.857 million tokens at 1 PM Beijing time on May 31, worth about 4.35 million USD.

THORChain has released its fourth update regarding the attack incident on May 15, and the proposal ADR028 has been announced, with voting for node operators now open.According to the recovery plan, the protocol will first absorb losses through its own liquidity, with the remaining portion to be shared by synthetic asset holders; the specific distribution ratio of the two is still under evaluation. The protocol's own liquidity will be reduced to zero, and will be gradually replenished through system revenue. This plan will not issue or sell RUNE, nor will it dilute any holders.On the technical side, GG20 will be temporarily retained and has completed patch upgrades. Trading will resume after the vulnerabilities are fixed and node rotation is successfully conducted, with a future release pace that is slower and more security-conscious. Innocent nodes located in the same vault as the attacker will be protected, while the attacker nodes will be fully confiscated. The recovered RUNE will be paired with the recovered assets, and any excess will be destroyed.The protocol also offers a white hat bounty to the attacker to recover funds; if some are returned, the recovery plan will be adjusted proportionally. THORChain remains neutral and permissionless, and there will be no review of the attacker's Swap transactions after trading resumes. Node operators are currently voting on the proposal direction, and the numbers in the ADR are only indicative, with adjustments to be made through Mimir later.

The five core projects under the TRON ecosystem, SUN, JUST, AINFT, BitTorrent, and WINkLink, have officially launched the "TRON Eco AI Pizza Festival" in collaboration with the cutting-edge AI financial infrastructure platform B.AI. The event will run until May 29. A special prize pool of 2,000 USDT has been established, and 500,000 B.AI points will be given to new users.Users only need to follow and retweet the corresponding project tweets, go to chat.b.ai/chat to claim points, use the exclusive AI pizza invitation code to complete their questions, and tag three friends in the comments section of the event tweet to participate in the leaderboard.Once the total number of comments across the five projects exceeds 4,000, the prize pool will be unlocked, and the final rewards will be distributed based on the popularity rankings in each project's comment section. This event significantly lowers the threshold for Web3 users to experience cutting-edge large models through a dual incentive mechanism, accelerating the integration of TRON ecosystem applications and AI infrastructure.

According to Jin Shi's report, DoubleLine Capital CEO Gundlach stated that investors will not see interest rate cuts at the next Federal Reserve policy meeting. He pointed out that although the market had anticipated two rate cuts this year, the inflation market is simply not cooperating. Gundlach mentioned that when the two-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate, it is impossible to implement rate cuts. He also stated that Kevin Walsh, who has just been confirmed as the Federal Reserve Chairman, is taking office during a "difficult time" and predicted that the first digit of the next CPI index will be in the "4 range."

American financial services giant Charles Schwab has begun to phase in the "Schwab Crypto" service for eligible U.S. retail customers, allowing users to trade Bitcoin and Ethereum directly.According to official information, users can view and manage their crypto assets directly through their existing Schwab accounts, with custody provided by Charles Schwab Premier Bank, while Paxos offers underlying custody and trade execution services. The platform charges a transaction fee of 0.75% of the transaction amount, and currently does not support external wallet deposits and withdrawals. Additionally, this service is not yet available to residents of New York and Louisiana. Charles Schwab currently manages approximately $12 trillion in client assets, with its clients holding about 20% of the assets in U.S. spot crypto ETFs.

CryptoQuant analyst Darkfost stated that despite the challenges posed by the US-Iran conflict and inflationary pressures on the market, there have been recent signs of recovery in the altcoin market. He pointed out that after experiencing an overall correction of over 50%, the altcoin sector is gradually regaining activity. This round of adjustment is influenced not only by the BTC correction but also by the dilution of market tokens. Currently, there are approximately 51 million altcoins in the market, with 46% deployed on Solana, 36% on Base, and 10% from the BSC chain.He noted that the overall performance of altcoins listed on Binance has returned to levels seen since September 2025. Currently, about 21% of altcoins listed on Binance have regained their position above the 200-day moving average, while only 2% of tokens maintained above this key technical level in February of this year.Darkfost believes this indicates that market interest in altcoins is gradually rising, which is an important signal for investors looking to allocate to altcoins. However, he also emphasized that it is still too early to determine if the "altcoin season" has begun, as market liquidity remains limited.

Traditional financial giant Charles Schwab announced that Schwab Crypto accounts are now gradually opening to retail customers. The first batch of customers can trade Bitcoin and Ethereum on Schwab, managing them alongside other investment products.

According to official news, Gate Alpha officially launched the 36th Hot Coin Trading Competition on May 6 at 14:00 (UTC+8). Users can participate by trading designated hot coins to share a total airdrop reward worth over $100,000.This event features a dual reward mechanism: on the basic level, users can receive 1 chance to draw a regular blind box for every 200 USDT traded, with a total prize pool of about $30,000, a 100% winning rate, and prizes including iPhone 17, GT tokens, and Alpha fee rebate vouchers; on the advanced level, after reaching a trading volume of 4,000 USDT, users can earn 1 chance to draw a premium blind box for every additional 500 USDT traded, with a total prize pool of about $76,000, and prizes including iPhone 17 Pro Max, high-value GT tokens, and high-value Alpha fee rebate vouchers. Additionally, when inviting friends to make their first trade of 100 USDT, both the inviter and the new user can receive extra rewards. All rewards are distributed in real-time and are available until exhausted.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and allows seamless trading of all-chain tokens through the contract address search function, enabling cross-chain trading and achieving one-click access to on-chain tokens.

According to the Wall Street Journal, "Fed mouthpiece" Nick Timiraos wrote that Dallas Fed President Lorie Logan, Minneapolis Fed President Neel Kashkari, and two other regional Fed presidents oppose maintaining the wording "the next step is more likely to be a rate cut" in this week's policy meeting, believing that the next rate adjustment could be either a rate hike or a rate cut.Outgoing Fed Chair Powell stated that the committee is gradually shifting from a "rate cut bias" to a "neutral stance," and indicated that if a rate hike is needed in the future, the Fed will first move to a neutral position before signaling a rate hike.Nick Timiraos analyzes that there has been a significant shift in the internal discussions about the interest rate path at the Fed, with the focus no longer primarily on when to resume rate cuts, but rather on under what conditions a rate hike may be necessary. Since the Fed began issuing policy statements in 1994, there has been little disagreement on how to describe the policy direction (rather than actual interest rate changes).

Arbitrum DAO has begun voting on the release of the stolen Ethereum that was frozen by Arbitrum in the Kelp DAO theft incident.The proposal suggests setting up a multi-signature address, with signers including Aave Labs, Kelp DAO, Certora, and EtherFi. This address will be specifically used for recovery work after receiving the Ethereum frozen by Arbitrum. Currently, the voting approval rate for this proposal is 100%, and the voting will end on May 8 at 2:54 Beijing time.