not

According to GlobeNewsWire, Bitcoin mining company IREN Limited announced the completion of a $3 billion convertible senior notes offering, with a coupon rate of 1% and maturing in 2033. This offering includes $2.6 billion in initial issuance and $400 million in overallotment options. The net proceeds are approximately $2.96 billion, of which about $201.3 million will be used to pay for capped call option transaction costs, with the remainder used for general corporate purposes and working capital.

According to Jinshi News, strategists at TD Securities stated in a report that even if the Federal Reserve does not cut interest rates in the future, the dollar may still weaken this year. They pointed out that in the context of the standoff between the U.S. and Iran and high oil prices, the expectation for the Federal Reserve to cut rates in 2026 has been removed, and instead, interest rates are expected to remain stable. The strategists emphasized that they still maintain the forecast path for a weaker dollar in 2026 and believe that even if the Federal Reserve shifts to raising rates in the future, the magnitude of its rate hikes may be lower than that of other major central banks. It is expected that once the Strait of Hormuz reopens, the dollar index will continue to fall below the 98 mark.

According to crypto journalist Eleanor Terrett, sources say that a bipartisan group of minority senators in the U.S. Senate held discussions last night regarding the CLARITY Act, attempting to push the Democrats to make concessions on at least two outstanding issues, but ultimately failed to reach an agreement.Senator Cynthia Lummis stated that both sides had reached consensus on "99% of the content" of the bill and expressed hope that the Democrats would continue to address the remaining issues after the bill passes committee review; otherwise, if a similar incident to FTX occurs in the future, "they can only blame themselves."Reports indicate that Democratic Senators Adam Schiff and Ruben Gallego have been pushing for a compromise on the ethical standards and conflict of interest clauses involving the president's family before the committee review, making it one of the conditions for supporting the bill.Additionally, some Democratic lawmakers have raised concerns about provisions related to the Blockchain Regulatory Certainty Act (BRCA). This provision aims to prohibit lawsuits against non-custodial software developers based on money transfer laws.Sources say that both sides have made substantial progress on ethical and conflict of interest issues, but disagreements over amendments to the BRCA ultimately led to the breakdown of negotiations. The market currently widely expects that this committee review will show clear partisanship.

Digital asset infrastructure company BitGo Holdings (NYSE: BTGO) recently released its first quarterly report since going public. In the first quarter of 2026, the company reported total revenue of $3.77 billion, a year-on-year increase of 112.6%, mainly driven by the expansion of its digital asset business and growth in stablecoin-as-a-service revenue.However, GAAP net loss widened from $25.7 million in the same period last year to $60.7 million, due to a non-cash market value adjustment of approximately $53.7 million on Bitcoin holdings and increased equity incentive expenses related to the IPO. Adjusted EBITDA recorded a loss of $1.7 million, compared to a profit of $3.9 million in the same period last year.During the quarter, BitGo launched its derivatives business in January, generating approximately $3 billion in nominal trading volume. Since derivatives revenue is recognized on a net basis while spot trading is recognized on a gross basis, revenue decreased by 38.7% quarter-on-quarter. The number of customers increased by 42% year-on-year to 5,569. As of the end of the quarter, the company held 2,449 Bitcoins and $186.6 million in cash.

According to Jinshi reports, Federal Reserve official Kashkari stated that the inflation rate needs to be restored to 2% and emphasized that this goal should not be changed.

According to Jinshi reports, Federal Reserve official Kashkari stated that the inflation shock has not allowed the Federal Reserve to evade responsibility, but has made the work of addressing inflation more difficult.

At the Tencent shareholder meeting, Chairman and CEO Ma Huateng gave the most candid response to date regarding doubts about whether Tencent is falling behind in AI. He stated, "A year ago, we thought we were on board, but later found that the boat was leaking. Now it feels like we are on board, but we can't sit down yet. We hope the speed of the boat can be a bit faster." Ma Huateng acknowledged the company's bumpy journey in the field of artificial intelligence and humorously illustrated the current situation: on the boat, but not yet stable.Ma Huateng also emphasized that Tencent may not be the fastest in the industry to seize opportunities, but it insists on following the right path, combining its unique advantages to proceed steadily. "We can't just look at others doing things and casually jump in to take over their territory. We have done that in the past but mostly failed."

According to Jinshi reports, Federal Reserve's Goolsbee stated that the current inflation trend is abnormal, and the reasons are not solely related to factors associated with oil and tariffs.

Glassnode released data on platform X indicating that the unrealized losses of Bitcoin long-term holders (LTH) reached about 15% at the beginning of April. Compared to the historical depths of bear market cycles where this metric exceeded 75%, the impact of this market correction on long-term holders is significantly lighter.Analysis points out that although the recent price pullback has resulted in some paper losses, the overall pressure remains far below historical cycle lows, indicating that the current decline has not yet posed a substantial test to the beliefs of long-term holders. Structurally, this adjustment leans more towards mid-term fluctuations rather than a complete cyclical capitulation.

The Ethereum Foundation unstaked 21,271 ETH from Lido, triggering market panic. Arkham published an analysis stating that the foundation's move may be due to concerns about the security of third-party protocols.In addition, the foundation has recently sold ETH multiple times, indicating a need for treasury rebalancing, which typically would not lead to immediate selling.

According to monitoring by Catcher Predict, in the event "Who published Epstein's suicide note?" on the prediction market Polymarket, the "Yes" option in the sub-market "May 31" experienced a sharp fluctuation in winning probability, plummeting from 28% an hour ago to the current 12.5% (a fluctuation of 15.5%). Please note the impact of relevant breaking news.

According to GlobeNewswire, IREN announced plans to issue $2 billion of convertible senior notes due in 2033, and grant initial purchasers an additional option to purchase up to $300 million. The notes are unsecured senior debt, expected to mature in December 2033, with proceeds partially used for capped call hedging transactions and the remainder for general corporate purposes and working capital.At the same time, IREN also plans to simultaneously unwind part of the capped call hedging positions related to the convertible bonds maturing in 2029 and 2030. The company stated that hedging institutions may engage in derivative and spot trading around IREN stock, which could affect the stock price and the initial conversion price of the new notes.Previously, IREN has become one of the most aggressive companies in the U.S. stock market in expanding AI data center and Bitcoin mining infrastructure, and this large-scale financing may further enhance its capital expenditure and expansion capabilities.

According to Cointelegraph, analyst Yashu Gola stated that the ETH/BTC exchange rate has fallen over 35% in the past year, and the current trend is repeating the bearish structure from 2024 to 2025, suggesting there may still be further downside potential.From a technical perspective, ETH/BTC has been constrained by a downward trend line since 2022, with several previous breakout attempts failing, one of which triggered a subsequent decline of nearly 70%. In August 2025, after testing the trend line again, ETH/BTC encountered resistance and fell below the 20-month EMA support around 0.034, indicating that bears still dominate the trend. If weakness persists, the next key downside target is around 0.0176 BTC, which represents about a 40% drop from current levels, corresponding to the 2020 cycle low area.On-chain data shows that the selling pressure risk for ETH is also rising. CryptoQuant data indicates that as of today, ETH reserves on the Binance platform have risen to 3.62 million, accounting for about 24.6% of all trading platform ETH reserves; meanwhile, BTC reserves on Binance have continued to decline during the same period. Generally, an increase in trading platform reserves indicates a greater supply of tokens available for sale, while a decrease in reserves reflects an enhanced trend of long-term holding.Analysts believe this further reinforces the fundamental divergence between ETH and BTC: ETH faces higher circulating supply pressure, while BTC benefits from tightening exchange liquidity and continued institutional accumulation. Meanwhile, the narrative of Ethereum as "ultrasound money" has weakened, while BTC continues to receive corporate buying support, including from Strategy, as well as backing from Wall Street funds.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $212,520 in a single bet on the event "Nottingham Forest Football Club vs Newcastle United Football Club," specifically targeting "Newcastle United Football Club." Based on the current transaction price, the latest corresponding winning probability for this bet is 46%.

Crypto analyst Murphy stated that data shows retail investors have not generally missed out on this round of Bitcoin market. He pointed out that addresses holding less than 1 BTC have increased their balance by 23,074 BTC in the past 30 days, and there were three significant accumulations around $66,000, $70,000, and $80,000.Murphy believes that the retail investors still in the Bitcoin market during this cycle are mostly "veteran players" who have experienced the altcoin and contract cycles. Meanwhile, whales holding more than 10,000 BTC began to significantly increase their holdings around $66,000, with a peak increase of 140,699 BTC in the 30-day balance, marking the largest net growth in nearly two years, showing clear accumulation behavior. Murphy stated that the market will always move towards areas of less resistance, and when the lower resistance is greater, prices naturally tend to continue upward until they encounter stronger resistance.

NASDAQ-listed Bitcoin mining company MARA Holdings has initiated a consent solicitation process for holders of its $600 million senior secured notes to amend certain covenant terms.MARA had previously signed an agreement on April 29 to acquire 100% of the parent company of Long Ridge. Since this transaction would trigger the "change of control" clause in the notes, it theoretically requires a cash buyback of all outstanding notes at 101% of the price. MARA is seeking the consent of noteholders to exclude this transaction from the definition of "change of control" and to designate MARA and its affiliates as "permitted holders."

According to the Daily Economic News, DeepSeek is rarely launching a massive financing plan, simultaneously attracting two major companies, Tencent and Alibaba. Previously, there were media reports that Alibaba and DeepSeek had a breakdown in negotiations. In response, an insider revealed exclusively to reporters on May 9 that Alibaba should not have been in negotiations.