Today
2025/05/28

The potential new support level for Bitcoin's next pullback may be located at $94,000.

In his latest X commentary, Keith Alan, co-founder of trading resource firm Material Indicators, noted that if there is a new pullback in Bitcoin's price, its support level could only be at $94,000, and its rebound zone is at the 21-week moving average. However, Alan believes that the market is sending positive signals for the future, and that bulk traders are adding to their BTC holdings at current levels. "BTC is consolidating above $100,000 and whales are adding to their holdings," he concluded. The accompanying chart shows that buying is increasing in two broad categories of transactions typically associated with whale entities. In addition, the chart also confirms that as of May 27, $112,000 is the level that attracts the highest selling liquidity.
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The macro environment lacks surprises, and the metal market trading is quiet.

Base metal prices are fluctuating between rising and holding steady, with copper up 0.4% to $9,637.50 per ton, and aluminum flat at $2,482.0 per ton. Analysts at Britannia Global Markets believe that the weekly change in copper and aluminum is only 0.9% and 0.1% respectively, due to weak momentum and macroeconomic constraints. Aluminum prices are supported by inventory, but the market remains cautious due to weak demand and a lack of new drivers.
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Ripple proposes a "network maturity" test to determine when encryption tokens are no longer securities.

Gate News bot news, Ripple has proposed a new legislative framework to determine when crypto tokens should no longer be considered securities. The company calls it a "network maturity" test, which assesses whether a token has outgrown its initial investment contract based on objective criteria such as market capitalization, operational history, and degree of decentralization of control. Ripple's legal team outlined the proposal in a May 27 letter to the SEC's (SEC) Crypto Working Group in response to the institution's question about when cryptoassets, which were originally part of an investment contract, were legally distinguished from that contract.
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Ethereum forms a rising triangle pattern with the potential to break through the $3000 barrier.

According to Gate News bot, ETH has formed an "ascending triangle" pattern on the price chart and is expected to break through the $3,000 mark. Over the past two weeks, ETH has encountered resistance at $2,735 several times, while the subsequent pullback lows have been rising, and the price action has shown an upward triangle. Rising lows indicate that buying pressure is rising, which is the bullish nature of the ascending triangle. In other words, the pattern represents the accumulation of prices and usually sets the stage for the next round of increases. A breakout of the ascending triangle is expected to signal a resumption of a rebound from the April low near $1,390, opening the channel for a break above $3,000.
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James Wynn criticized the eyewash of memes, but was retorted by ZachXBT: You haven't done much either.

Gate News bot message, in response to well-known trader James Wynn's claim that a conspiracy group is using his name to issue Tokens and selling at a high point, on-chain detective ZachXBT responded by pointing out: "In the past few years, you have indeed carried out the same type of memes eyewash on your fans." Previously, Dylan reported in July 2024 that James Wynn held 2% of the Babypepe Token and sold it in batches after the price rose. It is worth noting that James Wynn stated in his announcement that he only supports MOONPIG and PEPE two types of memes.
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Telegram plans to issue bonds to raise $1.5 billion, with investors including BlackRock and Citadel.

According to the Wall Street Journal, Telegram will issue bonds on Wednesday to raise at least $1.5 billion and win the support of new and existing investors, according to people familiar with the matter. Telegram will issue a five-year bond with a yield of 9%. The company plans to use the bonds to buy back its remaining bonds issued in 2021, which are due in March next year. The company had previously repurchased about $400 million of such bonds with cash. Investors include existing Telegram bondholders, such as U.S. asset manager BlackRock (BlackRock) and Abu Dhabi's state-owned investment firm Mubadala (Mubadala), people familiar with the matter said. In addition, new investors are expected to include hedge fund firm Citadel, among others.
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DWF Labs partners predict that more publicly traded companies will raise funds to acquire alts.

Gate News bot message, DWF Labs partner Andrei Grachev posted on the X platform stating that we will see many publicly listed companies raising funds to purchase alts. This is expected to be the development trend for this cycle, especially for NASDAQ-listed companies.
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DWF Partners: Will see many listed companies raise funds to purchase alts.

BlockBeats News, on May 28, DWF Labs Executive Partner Andrei Grachev posted on social media stating that the season for "strategic" transactions with listed companies has arrived, and we will see many listed companies raising funds to purchase alts in the future. This is a development trend for this cycle, especially targeting Nasdaq-listed companies.
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SUI on-chain DEX protocol Momentum TVL breaks 65 million USD, setting a new historical high

Odaily News Latest data shows that the SUI on-chain native ve(3,3) DEX protocol Momentum TVL has surpassed 65 million USD, marking the highest value since the protocol's launch on March 27, 2025.
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After the setback of Shein's IPO in London, it is shifting its focus to Hong Kong and plans to submit its prospectus and complete the listing within the year.

Jin10 reported on May 28 that, according to informed sources, after facing obstacles in their IPO in London, online fast fashion retailer Shein is preparing to shift towards a listing in Hong Kong. Informed sources pointed out that regardless of which market Shein ultimately chooses to list in, its IPO valuation will inevitably be impacted by changes in international tariff policies. In February this year, Shein had lowered its target valuation for the London IPO to about $50 billion, a decrease of nearly a quarter compared to the $66 billion valuation it received in a $2 billion private sale financing round in 2023.
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Jinji Co., Ltd.: The company's Computing Power business is progressing normally, and all available equipment has been providing services externally.

Jin10 data reported on May 28th, Jinji Co., Ltd. stated on the investor interaction platform that the company's Computing Power business is progressing normally, and all available equipment is providing services externally. For specific business developments, please refer to the relevant announcements.
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French regulators approve Merge to provide fiat and stablecoin payment services.

Gate News bot reported that London-based fintech company Merge has received approval from French regulators to operate as both an electronic money institution (EMI) and a virtual asset service provider (VASP). The dual license granted by the French regulators ACPR and AMF enables Merge to provide European and global businesses with a range of services, from the collection and holding of funds to the execution of cross-border payments and the conversion between fiat and digital currencies.
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The Chrome extension OSIRIS is a malicious plugin disguised as a Web3 security tool to steal user assets.

Gate News bot message, Slow Mist founder Yu Xian issued a security warning based on intelligence feedback from X platform users. It has been confirmed that the Chrome extension OSIRIS is a malicious plugin that disguises itself as a Web3 security tool. It implants a Trojan horse by replacing the download link, leading to the control of users' computers and resulting in wallet asset losses.
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XMR has fallen nearly 100 dollars in 3 days while the number of open contracts has surged by 20%, which may be a buy the dip signal.

According to TradingView, Monero (XMR) fell to $325 on Wednesday, while it peaked at $420 on Monday. Prices fell amid increased participation in the futures market, with data showing that the number of active or open interest jumped to 161,370 XMR, the highest level since December 20 last year. Over the past three days, open positions have increased by 20%.
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Matrixport: Contract data shows that traders may be closing positions to take profits.

Matrixport's latest report indicates that since April, Bitcoin futures open interest has risen significantly, reflecting a shift in market risk appetite. Although Solana has taken a back seat, Bitcoin has performed outstandingly, playing a dual role of risk preference and safe haven, aligning with the narrative of digital gold. Open interest has stabilized, suggesting that traders are taking profits and plan to get on board again at lower levels.
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Thai and Cambodian soldiers engaged in a brief exchange of fire.

Jin10 data reported on May 28, according to the Associated Press, that the armies of Thailand and Cambodia confirmed that soldiers from both countries briefly exchanged fire on Wednesday in a disputed border area, with no casualties reported so far. The Thai side stated that Cambodian soldiers entered the disputed area, and Thai soldiers approached the area for negotiations, but due to a misunderstanding, the Cambodian side opened fire, and Thai soldiers subsequently retaliated. A spokesperson for the Cambodian military stated that the Thai side suddenly opened fire while the Cambodian side was on patrol. The conflict lasted about 10 minutes until local commanders communicated with each other and ordered a ceasefire.
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Matrixport: The current open positions have stabilized, and some traders choose to take profits and wait to get on board again.

Data released by Matrixport shows that Bitcoin futures contracts continue to rise, while the popularity of projects like Solana is declining. Investor risk appetite is increasing, and market attention is refocusing on mainstream assets, indicating an improvement in market sentiment. Bitcoin is seen as both a risk and a safe-haven asset, with its "digital gold" status becoming increasingly prominent. Current open positions are stabilizing, suggesting that some traders have chosen to take profits and are waiting for more attractive prices to re-enter the market.
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Kuaijishan: The company's stock price has risen significantly in the short term, presenting certain trading risks.

Jin10 Data reported on May 28 that Kuaijishan announced that as of May 28, 2025, the company's Closing Price was 25.81 yuan, and the stock price has cumulatively pumped 44.08% since May 21, 2025. The company's fundamentals have not undergone significant changes, nor is there any major information that should have been disclosed but hasn't. The stock price has risen significantly in the short term, posing certain trading risks. Investors are advised to pay attention to the trading risks in the Secondary Market, make rational decisions, and invest prudently.
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Great Wall Electric: The company's stock has risen by 30%.

On May 28, Great Wall Electric announced that the company's A-share stock trading will be limited for three consecutive trading days on May 26, 27 and 28, 2025, with a cumulative increase of 30%, a large increase in the short term, and there is a transaction risk. The company's net profit attributable to shareholders of listed companies in 2024 will be about -225 million yuan, and the net profit attributable to shareholders of listed companies in the first quarter of 2025 will be -39.93 million yuan, and the company is in a state of loss. The company's main business and daily operation have not changed, and the market environment and industry policies have not undergone major adjustments.
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Zelensky: Russia has gathered 50,000 troops, preparing to attack northern Ukraine.

Jin10 reported on May 28 that Ukrainian President Zelensky stated that Russia has assembled 50,000 soldiers near the Sumy region in northern Ukraine, but he added that Kyiv has taken measures to prevent Moscow from launching a large-scale offensive there. Meanwhile, Russia seems to be preparing to launch an offensive against Ukraine in the summer, while Kyiv is waiting for Moscow to submit a memorandum outlining the conditions for continuing ceasefire negotiations.
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The Sui community has initiated a vote on the proposal for the return of the stolen assets of Cetus.

According to Gate News bot, the Sui community's proposal on "whether to return the stolen assets of the Cetus protocol through a special transaction" has opened voting, with a current support rate of 53%, and there are still about 6 days before the end of voting, and it will be passed in advance at 4 o'clock Beijing time on May 30 at the earliest. According to the proposal, the next upgrade of the Sui protocol will deploy two special transaction authentication mechanisms. These transactions will transfer approximately $162 million of frozen funds from the attacker's address to a multisig wallet jointly managed by Cetus, the Sui Foundation, and OtterSec. During the transaction, the attacker's address, the stolen asset object, and its destination address are all hard-coded.
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The unrealized losses on Japanese government bonds held by the Bank of Japan amount to 28.63 trillion yen.

Jin10 data reported on May 28: As of the end of March, the potential valuation loss of Japanese government bonds held by the Bank of Japan reached 28.63 trillion yen, compared to 9.44 trillion yen the previous year.
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Analysis: The current open contracts of Bitcoin seem to be stabilizing, and some traders may be taking profits to get on board again during the pullback.

Matrixport analysis shows that Bitcoin's open contracts have significantly risen, while Solana remains relatively weak. The market may shift towards a higher risk preference, with Bitcoin seen as "digital gold" following adjustments to Trump's tariff policies. Although contracts are stabilizing, some traders are taking profits and preparing to get on board again after a price pullback.
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Analysts: Recent fluctuations of the yen are being influenced by the Japanese bond market.

Jin10 Data May 28 - Analysts have stated that the Japanese yen has recently been supported by the surge in long-term Japanese government bond yields, as capital inflows may have boosted this well-known safe-haven currency. Market participants are calling for some intervention before the situation worsens further. Sure enough, sources reported yesterday that Japan is considering reducing the issuance scale of ultra-long-term bonds. This was enough to calm the market, and we subsequently saw yields and the yen decline rapidly.
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In March, South Korea's birth rate increased by 6.8% year-on-year, marking the first year-on-year increase in nearly a decade.

According to data released by the South Korean Statistical Office, the number of births in March this year increased by 6.8% year-on-year, reaching 21,041, marking the first increase in nearly a decade. The monthly birth count has risen for 9 consecutive months, and the total fertility rate has risen by 0.04 to 0.77 year-on-year. In the first quarter of this year, the number of births increased by 7.4%, reaching 65,022, the highest record in nearly 3 years, with the total fertility rate rising by 0.05 to 0.82 year-on-year.
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The leader of Bitcoin mining company MARA has achieved a computing power that is expected to surpass the 50 EH/s mark this month.

Gate News bot message: The leading American Bitcoin mining company MARA will break its own computing power record this month, having produced 749 Bitcoins from its own mining pool so far. Network data shows that the MARA mining pool has mined 236 Bitcoin blocks to date, with its realized computing power approximately 53.78 EH/s based on the current block reward and an average network computing power of 886 EH/s.
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Japan's semiconductor equipment sales in April reached a historical high for a single month, with a year-on-year rise of 14.9%.

According to the latest data released by the Semiconductor Equipment Association of Japan (SEAJ) on May 28, Jin10 reported that in April, Japan's chip equipment sales reached 447.038 billion yen, setting a historical record since statistics began in 1986, a significant rise of 14.9% compared to the same period last year, marking the 16th consecutive month of growth.
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Usual disclosure of encountering arbitrage vulnerabilities: User funds security and protocol running as usual.

Gate News bot message, Usual stated on social media that on May 27, Usual's USD0++ investment vault encountered an arbitrage vulnerability of $43,000, which exploited a capped method to unpack USD0++ into USD0 when depositing into the investment fund. The officials emphasized that user funds were not affected, there were no losses, and the core Usual protocol had not been suspended. The affected vault will be reactivated soon.
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Organizations supported by the U.S. are taking over the distribution of supplies in Gaza.

Jin10 reported on May 28 that under continuous pressure from the international community, Israel recently allowed a small amount of aid supplies to enter the Gaza Strip. However, with the support of the United States and Israel, a private aid organization called the "Gaza Humanitarian Foundation" has "taken over" the distribution of supplies in the Gaza Strip from the United Nations, non-governmental organizations, and Palestinian authorities, deciding how and to whom the supplies are distributed.
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Usual: Encountered a $43,000 Arbitrage attack, user funds were not affected, the core protocol has not been suspended.

PANews reported on May 28 that Usual said on the X platform on the security incident that one of Usual's USD0++ investment vaults suffered an arbitrage attack worth $43,000, and the attacker took advantage of a capped way when unpacking USD0++ to USD0 and depositing it into an investment fund. No user funds have been affected, no funds have been lost, and the Usual core protocol has not been suspended. The affected vaults will be reactivated shortly.
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TrendForce: It is expected that the overall price rise of DRAM will slow down in the third quarter of 2025.

Jin10 data, May 28th news, according to TrendForce's latest report on the trend of memory Spot prices, in terms of DRAM, DDR5 prices have shown signs of slowing down, and it is expected that the overall price rise of DRAM will slow down in the third quarter of 2025. In terms of NAND flash, Spot prices have risen since late February and are currently at a relatively high level, with purchasing momentum cooling down.
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Traders refute the panic of the Bear Market and believe that the altcoin season is coming soon.

According to the Gate News bot, Michaël van de Poppe, founder of MN Trading Capital, said: "I don't understand why people are starting to claim that a bear market is coming. He refuted the idea that the altcoin season is over, arguing that it has not yet begun, as the prices of many tokens are still close to their bottoms. "They've actually bottomed out," van de Poppe added, adding that "the final 12-24 months of ease is coming".
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French President Macron: Reiterates France's hope for a two-state solution between Israel and Palestine.

The yield on Japan's 2-year government bonds has pumped 2 basis points to 0.75%, the highest level since April 3.

Jin10 reported that Japan's 2-year government bond yield rose by 2 basis points to 0.75%, the highest level since April 3; Japan's 5-year government bond yield rose by 4.5 basis points to 1.045%, the highest level since April 2.
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David Sacks, the White House crypto and AI chief: The United States can buy more Bitcoin.

In an interview at the Bitcoin 2025 conference in Las Vegas, David Sacks, head of crypto and AI at the White House, talked about a series of pro-Bitcoin initiatives that Trump has taken since taking office, including building a strategic digital asset reserve, while hinting that the government could buy more assets. "If it can be done in a budget-neutral way — specifically, if the Commerce Department or the Treasury Department can find a way to fund it without increasing the debt — then they can create these programs," he said. ”
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U.S. Congressman Steil urges lawmakers not to add unrelated provisions to the encryption bill.

U.S. Rep. Bryan Steil called on lawmakers to stop adding "unrelated provisions" to two key cryptocurrency bills, saying doing so would slow down the deployment of the industry's regulatory framework. Speaking at the Bitcoin 2025 conference in Las Vegas on May 27, Steil said: "When people see legislation coming forward, they always want to add irrelevant provisions to any bill that is about to be passed and signed into law. "Steil serves as chair of the House Financial Services Committee's Cryptocurrency Subcommittee." We must restrain this instinct and attempt," he added.
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Moonshot上线TheTrenches ($Trenches)

PANews 5月28日消息,Moonshot宣布上线Solana链上的TheTrenches($Trenches),其当前市值约为860万美元,24小时交易量达2780万美元。
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