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The three major U.S. stock indices all set new historical closing highs, and Gate will hold a themed live broadcast for U.S. stock investment week

The major U.S. stock indices continued their strong performance, with the three major indices setting new historical closing records on the latest trading day. The Dow Jones Industrial Average rose 0.09% to 51,078.88 points, marking a new historical closing high for the fourth consecutive trading day; the Nasdaq index increased by 0.42% to 27,086.81 points, closing above 27,000 points for the first time; the S&P 500 index climbed 0.26% to 7,599.96 points, also setting a new historical closing high. During the trading session, the Dow, Nasdaq, and S&P 500 all reached historical highs.As interest in the U.S. stock market increases, Gate Live will hold the second themed live broadcast of "U.S. Stock Investment Week" on June 2 at 20:00 (UTC+8). At that time, several well-known KOLs from the cryptocurrency space will share insights on the process of opening U.S. stock accounts, trading precautions, and how to buy and sell U.S. stocks and ETFs on Gate, as well as address questions regarding product mechanisms and trading rules. During the live broadcast, interactive giveaways will also be held, giving participating users a chance to receive U.S. stock airdrop rewards.Gate stocks support users in trading over 10,000 mainstream U.S. market stocks and ETFs using USDT, covering major U.S. securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, and supports fractional share trading starting from as low as 0.01 shares, providing users with a more comprehensive global securities asset allocation choice. With the official launch of stock trading services, Gate further connects digital assets with traditional financial markets on a unified trading platform.

Ethereum Foundation releases progress on the Glamsterdam upgrade: the development network is now online, and the Hegotá expansion roadmap is advancing simultaneously

The Ethereum Foundation disclosed the results of a recent interoperability meeting held by core developers in the Svalbard archipelago of Norway and updated the key technical progress for the next phase upgrade, Glamsterdam. During the meeting, multiple client teams collaborated on network scalability and execution layer optimization, making progress in several directions. Developers confirmed that based on the comprehensive results of ePBS, BAL optimization, and the EIP-8037 repricing mechanism, a consensus on the "trusted path" after Glamsterdam has been reached.In terms of the execution layer, ePBS (External Proposer Separation Architecture) has been stably running in the multi-client Glamsterdam-devnet, and the external block builder process has completed end-to-end testing, covering almost all client implementations. Meanwhile, EIP-8037 has been finalized, establishing the fixed cost_per_state_byte model, and complete repricing parameter output has been achieved in bal-devnet-6. The scalability direction Hegotá has also made progress. The FOCIL-related prototype has a runnable implementation, and the scope of account abstraction (AA) requirements has been defined, with the next phase entering the multi-client development network verification stage.Current development focus remains on the final implementation of Glamsterdam while advancing the Hegotá scalability design and subsequent Strawmap route evolution. The development network is online, and functionalities such as FOCIL are expected to continue deepening in the next phase of testing. At the organizational level, this interop meeting also marks the formal initiation of leadership structure adjustments within the Protocol Cluster. The new leaders include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran is responsible for zkVM proof and post-quantum consensus coordination, Kev Wedderburn leads zkEVM development, and Fredrik is in charge of protocol security and the Trillion Dollar Security project.Original Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, and Alex Stokes is entering a leave period. The foundation stated that during its term, the Protocol has completed modular advancement and facilitated the launch of the Fusaka upgrade (December 2025), introduced PeerDAS, and enhanced mainnet gas capacity.

Analysis: Bitcoin stabilizes at $81,000, the situation in Iran and the selling pressure from whales put the market at a crossroads

According to The Block, affected by Iran's rejection of the U.S. peace framework and the tense situation in the Strait of Hormuz, Brent crude oil briefly surpassed $104 on Monday, while Bitcoin remained fluctuating above $81,000. Analysts believe that the current crypto market is more driven by geopolitical factors rather than fundamental factors. QCP Capital describes the current market as "standing at a crossroads," viewing $84,000 as the next key resistance level for Bitcoin.Previously, the inflow of ETF funds, expectations of increased holdings by listed companies, and optimistic sentiment around the U.S. Clarity Act stablecoin bill drove BTC up to the $80,000 range, but recently there has been some profit-taking. Laser Digital stated that the market had previously bet that Strategy would make large-scale Bitcoin purchases, but after the expectations fell through, it triggered profit-taking sell-offs. Additionally, some enterprise-level BTC holders have slowed down or paused their accumulation, which has intensified market pressure.Meanwhile, Ethereum became the main target of selling last week. Reports indicate that a whale holding approximately $1 billion in both BTC and ETH has been continuously selling ETH, leading to a noticeable weakening of ETH relative to BTC. Although this address continued to transfer ETH to exchanges over the weekend, it has not triggered further sell-offs.On the macro level, U.S. non-farm payroll data for April was stronger than expected, alleviating short-term stagflation concerns for the Federal Reserve; the market is also focused on the upcoming CPI and PPI data to be released this week, as well as the progress of meetings between Trump and Chinese leaders in Beijing. CoinShares data shows that net inflows into digital asset investment products reached $857.9 million last week, marking the sixth consecutive week of net inflows.

The Bitcoin TAP protocol ecological project BIT has released a new roadmap to create a decentralized security budget layer for Bitcoin

The Bitcoin TAP protocol ecological project BIT (@dmt_bit_) has released a new roadmap, announcing a focus on the narrative of "Bitcoin Security Budget Layer," with tokens being directly issued to Bitcoin miners every block as a new source of miner subsidies.The BIT team disclosed that currently only the $NAT token enjoys the miner subsidy mechanism under the TAP protocol, and this mechanism is hardcoded in the protocol's source code (effective only for the dmt-nat token), making it unavailable for other DMT projects. The TAP protocol has also not publicly disclosed any third-party security audits to date.BIT has submitted a code upgrade proposal to TAP, hoping to open this mechanism for use by all DMT tokens, but it was rejected by the TAP officials.According to the roadmap, BIT will next develop a new protocol based on a TAP fork—any DMT token deployment party can customize the token issuance rules and miner distribution methods (including distribution by mining pool weight, independent miner prize accumulation, mixed distribution, etc.) through a single inscription, eliminating any hardcoded privileges for projects. A third-party security audit will be completed before the mainnet launch of the new protocol. $BIT will serve as the native token of the new protocol, and the ecological development of the protocol will continue to empower $BIT.
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