Wednesday
2025/05/28

White House Deputy Chief of Staff Miller responds to federal court's halt on Trump's trade policy: Judicial coup has gone out of control.

BlockBeats news, on May 29, U.S. Deputy Chief of Staff Miller responded to the federal court's halt on Trump's trade policy: the judicial coup has spiraled out of control. (Jin10)
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The Trump administration can appeal the "tariff halt ruling" to the federal court.

The U.S. International Trade Court ruled that Trump's tariffs are illegal and can be appealed to the Court of Appeals for the Federal Circuit and the Supreme Court. The Attorney General of Oregon accused the tariffs of harming the economy and is leading a lawsuit by several states. The ruling emphasizes that trade decisions cannot be made unilaterally by the president, and the White House has not responded; the Trump administration can appeal to the federal court.
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Safe-haven currencies continue to decline

Jin10 data May 29 news, USD/JPY has risen above 146, up 0.80% during the day. The USD/CHF has pumped 0.8%, reported at 0.8339.
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Spot gold fell below 3260 USD/ounce, and the Nasdaq futures rose by 1.7%.

BlockBeats news, on May 29, Spot gold fell below $3260/ounce, with a daily decline of 0.82%. The Nasdaq futures rose by 1.7%. This may be affected by the U.S. federal court's halt on Trump's "Liberation Day" trade policy. (Jin10)
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BTC_USDT breaks through 108000 USDT

Gate News bot news, according to Gate market data, the BTC_USDT price has surpassed 108000 USDT, currently priced at 108011.2 USDT. The 24-hour drop is 0.00%.
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Musk commented on the Telegram transaction, stating that no protocol has been signed yet.

Golden Finance reported that Musk commented on Telegram transactions, stating that no agreements have been signed yet.
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Eric Trump, the second son of Trump: The value of 0.1 Bitcoin will reach an astonishing level.

Golden Finance reports that Donald Trump's second son, Eric Trump, stated, "Everyone in the world wants Bitcoin, everyone is buying Bitcoin, and the value of 0.1 Bitcoin will reach astonishing levels."
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Game issuance platform Oncade completes $4 million in financing, led by a16z crypto CSX.

ChainCatcher news, the game issuance platform Oncade has completed a 4 million USD financing, led by a16z crypto CSX. Oncade is committed to helping game studios increase revenue by enhancing player engagement and community interaction. The core idea is to break the traditional distribution model of gaming platforms through a community-driven approach, building a game store that directly caters to players.
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Ignoring Musk's criticism, Trump insists that the tax reform bill must be passed.

Jin10 data reported on May 29, local time on the 28th, U.S. President Trump responded to Elon Musk's disappointment regarding the so-called government tax and spending bill and his doubts about whether the bill could be both "big and beautiful." Trump stated that the bill must receive a large number of supportive votes and must pass in the House of Representatives. Trump mentioned that he would negotiate on this bill and expressed dissatisfaction with certain aspects of it. Trump noted that Senate Majority Leader John Thune is working with him and others, and that the bill requires almost all Republican votes.
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Trump Administration VS Harvard University Both sides appear in court today

Harvard University in the United States is holding a hearing on the Trump administration's restrictions on the admission of international students. A judge has issued a temporary restraining order to halt the enforcement of the ban, and a decision will be made today on whether to extend it. Subsequently, Harvard will conduct a hearing regarding the freeze on funding.
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Galxe launches the Starboard user content quantification platform, creating an on-chain and off-chain integrated Web3 user incentive hub.

Galxe has launched a new community growth platform "Starboard", attracting over 20 projects and injecting more than $5 million in rewards funding. Through on-chain and off-chain data analysis, it helps projects identify high-value users and improve incentive efficiency. This initiative will drive the way Web3 communities are built, leading the industry into a new phase.
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The US dollar index rose 0.35% on the 28th.

Golden Finance reported that the US dollar index, which measures the dollar against major currencies, rose 0.35% that day, closing at 99.874 in the foreign exchange market.
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The early voting for the 21st presidential election in South Korea has begun.

Golden Ten Data reported on May 29 that the "pre-voting" of South Korea's 21st presidential election began at 6 a.m. local time on the 29th. The "pre-voting" of this presidential election will end on the 30th, and the votes will be counted in the final voting results of the election. "Advance voting" refers to a system that allows voters who may be absent from voting on the day of the election to exercise their right to vote in advance, with the aim of increasing voters' enthusiasm to vote. In 2013, South Korea introduced a "pre-voting" electoral system, and in 2017, it held its first "pre-voting" election in a presidential election.
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NVIDIA's Q1 revenue exceeded expectations, and the stock price rose 5% after hours.

NVIDIA's overall revenue in the first quarter rose by 69%, reaching $44.1 billion, with data center business rising by 73%, reaching $39.1 billion. NVIDIA stated that excess inventory of the H20 chip resulted in $4.5 billion in costs, which could have added $2.5 billion in sales without restrictions. The CEO expects losses related to H20 restrictions to be about $15 billion, and the financial report shows that, without restrictions, performance would exceed by $8 billion. NVIDIA expects second-quarter revenue to be $45 billion.
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BTC_USDT falls below 107000 USDT

Gate News bot news, according to Gate market data, the BTC_USDT price has fallen below 107000 USDT, currently priced at 106988.6 USDT. The 24-hour drop is 0.00%.
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GameStop CEO: Bitcoin can hedge against global currency depreciation

Golden Finance reports that the CEO of GameStop explains why the company purchased over $505 million in Bitcoin, stating, "Bitcoin can hedge against global currency devaluation."
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Trump responds to "TACO" deal, angrily blasts Wall Street for not understanding negotiation.

Trump has been accused of frequently backing down during trade negotiations, but he claims this is part of his strategy. Wall Street refers to it as the "TACO" trade, where investors buy stocks in response to the easing of Trump's tariff threats.
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Strive CEO calls on Meta to buy Bitcoin and include it in its balance sheet.

Golden Finance reports that Strive CEO Matt Cole has called for Mark Zuckerberg's Meta to purchase Bitcoin and include it on its balance sheet. Matt stated, "Bitcoin is beneficial for businesses."
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Brazilian police announced the dismantling of a professional assassin and espionage crime group.

On May 29, local time, the Brazilian Federal Police announced that it had smashed a criminal organization specializing in hired homicide and illegal espionage, the "C4 Einsatzgruppen". The C4 Rangers are made up of active and retired military members, with some civilian members. The organization maintains a detailed price list for criminal services, covering operations such as espionage and assassination. Modus operandi includes the use of drones to remotely monitor the target's day-to-day activities and the recruitment of sex workers to approach the target for intelligence. The organization also acts as an intermediary in the buying and selling of judicial decisions, manipulating the results of judgments by colluding with legal practitioners.
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The Federal Reserve (FED) warns: The loss of the "safe haven" status of U.S. assets will have a long-term impact on the U.S. economy.

Fed officials have warned that Trump's global trade war could deprive the U.S. of its safe-haven status and have a long-term impact on the economy. The Fed minutes showed that tariffs led to lower prices of U.S. Treasuries, equities and the U.S. dollar, which could weaken the safe-haven status of U.S. assets. It is historically rare for investors to flock to U.S. assets after Trump announced tariffs.
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Polish presidential candidate Nawrocki promised to support the development of the Crypto Assets industry.

Gate News bot message, according to a report by Bloomberg, Polish presidential candidate Karol Nawrocki announced that if he wins the election on June 1, he will support the Crypto Assets industry and oppose any regulatory measures that restrict investment freedom. Nawrocki's statement comes at a time when far-right candidate Slawomir Mentzen has received 14.8% support in the first round of voting. Mentzen is well-known for holding Bitcoin. In addition, Warsaw Mayor Rafal Trzaskowski, as another presidential candidate, publicly expressed his opposition to the regulation of the Crypto Assets market in February 2022.
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International oil prices rose on the 28th.

On May 29, Jin10 reported that by the end of the trading day, the price of light crude oil futures for July delivery on the New York Mercantile Exchange rose by 95 cents, closing at $61.84 per barrel, an increase of 1.56%; the price of Brent crude oil futures for July delivery rose by 81 cents, closing at $64.90 per barrel, an increase of 1.26%.
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The German Foreign Minister expects the United States to impose new sanctions on Russia.

German Foreign Minister Heiko Maas stated that if Russian President Putin continues to evade a peace protocol with Ukraine, the United States may impose new sanctions on Russia. More than 80 senators in the U.S. Congress are ready to pass a sanctions bill, and President Trump had previously issued threats of sanctions. However, after a recent phone call with Putin, Trump seems to have changed his position. Meanwhile, the European Union is also preparing to impose new sanctions on Russia.
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The mayor of New York City plans to issue Bitcoin bonds for New York.

Golden Finance reports that New York City Mayor Eric Adams plans to issue Bitcoin bonds for New York.
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Trump: The US Ambassador to Turkey will serve as the Special Envoy to Syria

Jin10 reported on May 29 that Trump stated on social media: "I am pleased to announce that Tom Barrack, the U.S. Ambassador to Turkey, will serve as the U.S. Special Envoy to Syria. Tom understands the tremendous potential in working with Syria to combat extremism, improve relations, and ensure peace in the Middle East. We will work together to make America and the world safe again!"
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"The Federal Reserve (FED) Megaphone": The Federal Reserve (FED) meeting minutes highlight concerns about rising prices.

Officials from The Federal Reserve (FED) are concerned that a significant increase in tariffs could drive up prices, leading to higher inflation, and believe that the uncertainty in the economy has increased, suggesting that a wait-and-see policy should be maintained. After Trump raised tariffs, a pause was observed, and the meeting minutes indicate that officials unanimously believe a cautious approach is appropriate.
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Cork Protocol: wstETH:weETH market has encountered a security incident and has suspended all markets.

According to ChainCatcher news and the announcement from Cork Protocol, at 11:23 UTC today, a security incident occurred in the wstETH:weETH market on the platform. To prevent the risk from expanding, Cork has suspended all other market trades, and no other markets are currently affected. The team is actively investigating the cause of the incident and will continue to update on relevant progress.
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The Federal Reserve (FED) meeting minutes: Uncertainty has risen relative to the average level of the past 20 years.

The Fed minutes noted that there is a great deal of uncertainty in the current economic situation, with staff believing that risks to economic activity are skewed to the downside and that the likelihood of a recession is comparable to the baseline forecast. To balance the risks, they have sharply raised their inflation forecasts for 2025, believing that inflation risks are upside. The recent rise in inflation expectations indicators has increased the likelihood that inflation will be more persistent than forecast.
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The Federal Reserve (FED) meeting minutes: The drag of tariff policies on economic activity is larger than what they had previously assumed.

Odaily News The Federal Reserve (FED) minutes: Staff pointed out that the drag of tariff policies on economic activity is larger than they had previously assumed in their forecasts, and staff predictions for 2025 and 2026 are lower than their estimates from the March meeting. (Jin10)
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Federal Reserve Minutes: Risks of a softening labor market, increased risks of rising inflation and rising unemployment rate.

Odaily News The Federal Reserve (FED) meeting minutes: Officials believe there is a risk of a weakening labor market in the coming months, with increased risks of rising inflation and unemployment rate. (Jin10)
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The Federal Reserve (FED) meeting minutes: nearly all officials believe that the duration of inflation may last longer than expected.

Golden Finance reports, Federal Reserve minutes: Almost all officials believe that inflation may last longer than expected.
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DWF Labs has received 20 million SOPH for market making.

According to ChainCatcher news, DWF Labs has received 20 million SOPH for market making, as monitored by Lookonchain.
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The Federal Reserve (FED) meeting minutes: waiting for more clear information on the economic outlook.

Golden Finance reports, Federal Reserve meeting minutes: Participants unanimously believe that they are well prepared to wait for clearer information on the economic outlook.
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The Federal Reserve (FED) meeting minutes: adopting a cautious monetary policy is appropriate.

Golden Finance reports, The Federal Reserve (FED) meeting minutes: Participants unanimously agree that the increased uncertainty regarding the economic outlook makes a cautious monetary policy appropriate.
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Trump is hesitant about sanctioning Russia.

On May 29, on Wednesday, U.S. President Trump expressed hesitation about whether to sanction Russia over the conflict in Ukraine, saying that he did not want the sanctions to affect the ceasefire. "If I think I'm close to a deal, I don't want to do it, so as not to mess it up," Trump said at the White House. Trump also said that Russian President Vladimir Putin may be interested in delaying talks on a ceasefire in the war in Ukraine and expressed disappointment with Russia's recent bombing. "We're going to have to figure out if he's using us, and if so, we're going to react differently," Trump said. ”
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Trump will soon propose new ceasefire terms for Gaza

The Trump administration plans to finalize a new written protocol as early as Wednesday, which could serve as the basis for a ceasefire agreement between Israel and Hamas in Gaza. Trump emphasized the acceleration of food deliveries to the Palestinian people in Gaza and stated that efforts are being made to improve the situation in Gaza.
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Sources: Iran may suspend uranium enrichment activities in exchange for U.S. recognition of its nuclear rights and unfreezing of funds.

Iran may consider suspending uranium enrichment activities if the United States unfreezes frozen funds and recognizes its right to refine uranium for civilian use. The two sides are close to reaching a political understanding, but the specifics are still being discussed. Under a possible arrangement, Tehran would cease uranium enrichment for one year and transfer some of its stockpiles abroad or convert them into civilian nuclear fuel.
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Market news: BlackRock plans to purchase 10% of Circle's IPO shares.

Odaily News According to market news: BlackRock plans to purchase 10% of Circle's IPO shares.
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U.S. Vice President Vance: I still hold a considerable amount of Bitcoin.

BlockBeats news, on May 29, during a speech at the Bitcoin 2025 conference, U.S. Vice President Vance stated, "I still hold a significant amount of Bitcoin."
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U.S. Vice President Vance: The development of AI will profoundly impact the future of Bitcoin in both positive and negative ways.

U.S. Vice President Vance said that the development of artificial intelligence will profoundly affect the future of Bitcoin in both positive and negative ways.
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U.S. Vice President Vance: Under Trump's leadership, the encryption industry has finally welcomed true supporters and allies in the White House.

According to BlockBeats news, on May 29, U.S. Vice President Vance stated during a speech at the Bitcoin 2025 conference that under Trump's leadership, the encryption industry has finally welcomed true supporters and allies in the White House.
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Oncade completed a $4 million financing round, led by a16z crypto CSX.

Odaily News Oncade announced the completion of a $4 million financing led by a16z crypto CSX, aimed at creating a community-driven game issuance platform to help game studios increase sales and user engagement through a pay-per-sale model.
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U.S. Vice President Vance: Prioritize eliminating the rules, red tape, and legal battles against Crypto Assets from the previous administration.

Odaily News Vice President Vance of the United States stated that he will prioritize eliminating the previous administration's rules, red tape, and legal battles regarding Crypto Assets. (Jin10)
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U.S. Vice President Vance: Approximately 50 million Americans hold Bitcoin.

Odaily News Vice President Vance stated during his speech at the Bitcoin 2025 conference that Bitcoin finally has a supporter and ally in the White House, with approximately 50 million Americans holding Bitcoin, and believes that this number will soon increase to 100 million. (Jin10)
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U.S. Vice President Vance: Approximately 50 million Americans hold Bitcoin.

Odaily News The Vice President of the United States, Vance, stated that approximately 50 million Americans hold Bitcoin, and he believes this number will soon increase to 100 million. (Jin10)
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U.S. Vice President Vance: Crypto Assets are a Hedging against soaring inflation.

Odaily News The Vice President of the United States, Vance, stated that crypto assets are a hedging strategy against soaring inflation, in response to Washington's poor policies. (Jin10)
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Bergen County, New Jersey will digitize 370,000 property deeds on the Avalanche network.

According to Gate News bot, as reported by CoinDesk, Bergen County in New Jersey has reached a 5-year cooperation agreement with the blockchain software company Balcony. According to the agreement, Bergen County will digitize all of its 370,000 property deeds on the Avalanche network, involving an asset scale of approximately $240 billion. Balcony pointed out that the platform reduces contract processing time by 90% while assisting in identifying municipal revenue losses due to incomplete records. The report mentioned that prior to this, the California Department of Motor Vehicles had completed the transfer of 42 million vehicle owner registrations to the Avalanche network.
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Oncade completed a $4 million financing round, led by a16z crypto CSX.

BlockBeats news, on May 29, the game issuance platform Oncade completed a $4 million financing, led by a16z crypto CSX. It aims to help game studios increase revenue by enhancing player engagement and community interaction. The core idea is to break the distribution model of traditional platforms through a community-driven approach, building a game store directly aimed at players.
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Key economic data and events to focus on today: Thursday, May 29, 2025

This article introduces a series of important events and data related to the economies of the United States and Canada that are about to occur or have already taken place, such as the speech by Bank of England Governor Bailey, the release of the Federal Reserve meeting minutes, and the publication of economic data from the United States and Canada.
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Galxe launched the Starboard user content quantification platform, creating an on-chain and off-chain integrated Web3 user incentive hub.

On May 28, Galxe launched its new community growth platform "Starboard", attracting more than 20 projects and injecting more than $5 million in award funds. By leveraging on-chain and off-chain data analysis, Starboard helps projects identify high-value users and improve incentive efficiency. Co-founder Charles Wayn said that Starboard will reshape the way Web3 communities are built and push the industry to the next level.
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Foreign media: The White House will submit a bill to Congress next week to cut spending in the Government Efficiency Department.

ChainCatcher news, according to Politico, the White House will submit a budget cut proposal for the Department of Government Efficiency (DOGE) to Congress next week.
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Galxe launched the Web3 growth analysis tool "Starboard", integrating on-chain and off-chain data to drive community development.

PANews May 28 news, Web3 growth platform Galxe officially launched a new product "Starboard" aimed at addressing the fragmentation of Web3 marketing data. This tool integrates Aura Index, AI sentiment analysis, contributor data ranking, and on-chain behavior tracking, helping project parties to identify, incentivize high-quality contributors, and accurately measure ROI. Currently, Starboard has cooperated with 20 projects, including Sui, Plume, and 0G, providing a total of over 5 million USD in incentives.
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Amber International reported a revenue of 14.9 million USD in the first quarter, with client AUM reaching 1.28 billion USD.

Amber International Holding Limited announced its financial report for the first quarter of 2025, with total revenue of $14.9 million, wealth management business revenue of $9.9 million, and operating profit of $800,000. Assets Under Management reached $1.28 billion, a rise of 11% year-on-year, and the number of KYC verification users increased by 22%. The second quarter revenue is expected to reach between $15.5 million and $17.5 million, with an annual revenue guidance of $65 million to $75 million.
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The probability of "Ripple ETF being approved this year" on Polymarket is currently reported at 83%.

BlockBeats news, on May 28, according to official website data, the probability of predicting "Ripple ETF being approved this year" on Polymarket is currently reported at 83%.
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Data: A Whale deposited 5 million USDC into HyperLiquid and went long on BTC with 40 times leverage.

According to ChainCatcher news, on-chain analyst Onchain Lens (@OnchainLens) has monitored that a certain Whale deposited 5 million USDC into HyperLiquid and went long 40 times on BTC. In previous trades, this Whale has already lost 2.36 million USD.
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