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BlockBeats News, May 25th, according to AI Goddess monitoring, an investor once spent $2.53 million to acquire the largest holding of ASTEROID, but is now sitting on a paper loss of $675,000.During the period of April 19th to April 25th, he bought 8.4 billion ASTEROID tokens at an average price of $0.0003013. As the token's market cap fell below $100 million, his investment has shrunk by 26.7%.

BlockBeats News, May 25th - According to Xinhua News Agency, Iranian Foreign Ministry spokesman Bagheri stated on the 25th at a press conference in Tehran, Iran's capital, discussing the regional situation that China has played a "constructive and positive role" in promoting the regional ceasefire and negotiation process.Bagheri said that China and Russia have taken a positive stance at relevant meetings of the United Nations Security Council, and Iran has recently consulted with Chinese and Russian diplomats on the situation's development.

BlockBeats News, May 25th, Kevin Warsh, personally appointed by U.S. President Trump, was officially sworn in as the Chair of the Federal Reserve. It is believed that Trump will, for the first time, take full political responsibility for the performance of the U.S. economy and inflation.The report pointed out that Trump had long blamed the former Chair, Powell, for high interest rates, a sluggish housing market, and economic slowdown. However, with Warsh taking office, the Fed’s policy is now seen as a direct extension of the "Trump economy."The current U.S. economy is facing multiple pressures, including the 30-year mortgage rate rising above 6.5%, PCE inflation reaching 3.5%, and the national average gasoline price surpassing $4.55 per gallon. The market is concerned that, amidst high inflation, the Fed may be forced to continue raising interest rates, further impacting the prospects of the Republican midterm elections.In addition, Warsh advocates for weakening forward guidance, increasing policy uncertainty, and the Fed’s April meeting saw a near 30-year high in dissenting votes, indicating significant internal division.

BlockBeats News, May 25th. Cross-chain protocol Squid issued a statement in response to a security incident, indicating that the attack did not occur in the Squid core protocol or Router contract. Instead, it was a third-party Gnosis Safe module named "SquidRouterModule" that had a severe vulnerability, leading to the theft of around $3.2 million in assets from Base and Ethereum.Squid stated that this module was not developed, deployed, or operated by the official team but was merely an integration of Squid's functionality into a third-party smart wallet product. The attacker was able to bypass validation by inputting a public string, enabling them to execute arbitrary calls to steal funds. The affected wallet had previously designated this module as a trusted Safe Module, allowing asset transfers without the need for a signature.Squid emphasized that its official Router contract, user funds, authorizations, and integrations were not affected and no further action is required.

BlockBeats News, May 25th. This week, the cryptocurrency market will focus on U.S. macroeconomic data, including PCE inflation, initial jobless claims, home prices, new home sales, and other indicators to assess whether the Fed has room to cut interest rates. Currently, both the market forecast and CME FedWatch show a high probability that the Fed will keep interest rates unchanged in June.The market is also closely monitoring the Middle East situation and oil price fluctuations. If energy prices continue to rise, it may exacerbate inflationary pressure and dampen the performance of risk assets.Furthermore, this week will also see multiple DAO governance votes and token unlocking events, including projects such as EIGEN, HUMA, and GRASS.

BlockBeats News, May 25th, on the eve of the SpaceX IPO, a related-party transaction dispute was exposed. Elon Musk's friend, Antonio Gracias, through his Valor Equity, holds over 7.3% of SpaceX shares, with a value estimated at $90 billion to $140 billion based on the target valuation.At the same time, SpaceX disclosed its approximately $20 billion GPU leasing agreement with Valor. The agreement involves leasing AI infrastructure hardware from the xAI subsidiary, with SpaceX providing payment guarantees. PwC has deemed this transaction to be more akin to a loan than a regular lease and has requested that the related $9 billion debt be included on SpaceX's balance sheet.Several corporate governance experts have criticized the lack of "fair dealing" disclosure in this transaction, questioning the risk of related-party benefits transfer. Reports indicate that the new Nasdaq rules may also drive SpaceX to quickly join the Nasdaq index system post-IPO, expected to bring in up to $60 billion in passive fund buying.

BlockBeats News, May 25th, according to Arkham Monitoring, a certain Ethereum ancient whale has made its first move after more than 10 years of dormancy. The address "0x158" purchased 2000 ETH at a cost of around $620 during the Ethereum ICO period, with a purchase price of only about $0.31 per ETH, and has not made any transfers in over a decade.And just 10 minutes ago, this address has moved its assets for the first time. Based on the current market value, this ETH is now worth about $4.2 million, representing a staggering return of 6800 times.

BlockBeats News, May 25th, ESPORTS plunged over 90% in the past hour, with a market capitalization now standing at $33 million.On-chain analysis indicates that the ESPORTS team's related address has sold off all of its 60 million tokens, realizing a profit of over $6 million. Two months ago, the ESPORTS team's related address unlocked over 60 million ESPORTS tokens from the Gnosis Safe multisig treasury (project's/VC's allocation).

BlockBeats News, May 25th, on-chain data platform Bubblemaps disclosed that the "10/10 Whale" associated with Garrett Jin had previously made a huge profit of $100 million by shorting BTC, but later suffered a massive loss of $200 million by heavily longing ETH.The latest data shows that a newly associated address "0x92ea" recently bought $10 million worth of HYPE and opened a $38 million ZEC short position.Currently, the account's unrealized P&L is as follows:• Long position on HYPE with a profit of approximately $900,000• Short position on ZEC with a loss of approximately $1.8 millionEarlier, Bubblemaps pointed out that at the end of last year, the whale had also established a $735 million BTC short position and transferred $220 million to Binance, sparking market speculation about whether it would initiate a "second round of shorting."

BlockBeats News, May 25th, President Trump tweeted that negotiations between the US and Iran are "progressing well," but if a "great deal" cannot be reached, the situation could revert to a "larger-scale battlefield."Trump revealed that he has been in communication with leaders from Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan, Bahrain, and other countries, and has asked these countries to "simultaneously sign" the Abraham Accord to promote comprehensive reconciliation in the Middle East.Trump stated that the Abraham Accord has brought "financial, economic, and social prosperity" to member countries such as the UAE, Bahrain, Morocco, Sudan, and Kazakhstan. He also mentioned that if Iran reaches an agreement with the US, Iran would be welcome to join this "unprecedented global alliance."Trump emphasized his hope for Saudi Arabia and Qatar to lead the signing, with other countries following suit, calling this a potential "most significant peace agreement in the Middle East in 5,000 years."

BlockBeats News, May 25th. Bitcoin continued to fluctuate below $78,000 on Monday. Previously, the US spot Bitcoin ETF saw fund outflows of over $1 billion for two consecutive weeks, with a net outflow of $1.26 billion last week.Despite the continuous outflow of funds from BTC and ETH ETFs, several institutions believe that this is more like "fund rotation" rather than institutions exiting entirely.Timothy Misir, Head of Research at BRN, stated: "Institutional buying pressure has not disappeared but is rotating." Data shows that during the same period, XRP ETF had a net inflow of $22 million, Solana ETF had an inflow of $16 million, the newly launched Hyperliquid (HYPE) ETF attracted around $72 million, and the Ethereum ETF had an outflow of $216 million.Analysts pointed out that the recent market has been disrupted by multiple factors, including the US-Iran situation, the SEC's postponement of tokenized stock trading plans, and upcoming US macroeconomic data releases, leading to BTC and ETH maintaining narrow fluctuations.Meanwhile, the options market shows that traders are still betting on significant volatility. In the options expiring on May 29th, the most concentrated holdings were in the Bitcoin $75,000 put options and $80,000 call options.The institution Laser Digital believes that if the US and Iran reach an agreement, oil prices may sharply fall, US stocks may hit new highs again, thereby reinvigorating risk asset sentiment. However, key disagreements such as the Iran nuclear issue and control of the Strait of Hormuz remain unresolved.

BlockBeats News, May 25th - Multiple sources have confirmed that Bitget is abandoning its existing stock token model and transitioning to a self-developed U.S. stock product with direct connection to brokerage firms. Although the presentation will still be in the form of stock tokens, it will be closer to the U.S. stock experience and liquidity. Moreover, on this basis, it will facilitate stablecoin transactions and even support stock dividends and cash dividends.Since the end of last year, the exchange has actively recruited several employees from internet brokerage firms, mainly for operations and key account resources.

BlockBeats News, May 25th, the U.S. digital asset infrastructure company Prometheum announced the launch of a digital brokerage solution for broker-dealers and Registered Investment Advisors (RIA), allowing traditional brokerage accounts to directly provide tokenized securities and cryptocurrency asset trading, custody, and clearing services.Prometheum co-founder and co-CEO Aaron Kaplan stated that the crypto industry has already addressed the "asset tokenization" issue, but has not yet solved the "distribution" issue, resulting in a large number of on-chain security products unable to truly reach mainstream investors.Kaplan mentioned that there are already several billion dollars of tokenized securities issued on-chain, but they lack support from traditional brokerage channels, making it difficult to achieve large-scale user coverage. "If tokenized assets cannot enter the brokerage system that investors are already using, then tokenization is just a solution without a market."Prometheum is betting that Wall Street's traditional financial institutions will lead the next stage of on-chain financial development. The company currently holds a full licensing system with SEC registration and FINRA membership, covering issuance, trading, custody, clearing, and settlement, and joined the DTCC (Depository Trust & Clearing Corporation) tokenization working group in May of this year.Prometheum stated that in the coming months, more broker-dealers and RIAs will connect to its infrastructure, and they plan to launch on-chain distribution collaborations for large institutional issuers. Kaplan emphasized that the future of the capital markets will gradually "move onto the chain," but the key is not to replace the existing financial system, but to upgrade the existing system through faster settlement, lower costs, and broader distribution capabilities.

BlockBeats News, May 25th, Binance Wallet announced the launch of a new feature called "Event Rush," allowing users to trade on-chain based on real-world outcomes such as sports matches, cryptocurrency price targets, and news events.This feature is supported by the 42.space protocol on the BNB Chain, where users can use USDT on the BSC chain to purchase Event Tokens corresponding to the outcome. For example, different outcomes of a match will correspond to different tokens, and users can place bets in advance and trade them.Binance stated that users can either buy low and sell high based on market demand before the event ends or hold until settlement. If the prediction is correct, the prize pool will be distributed based on the holding proportion; if the prediction is wrong, the corresponding token value will drop to zero.The official announcement mentioned that Event Rush uses a Bonding Curve mechanism for pricing instead of a traditional odds model, supporting continuous trading with unlimited theoretical returns. The platform will continue to list events related to sports, news, and the crypto market in the future.Binance also reminded users that Event Rush is supported by the decentralized third-party protocol 42.space, with the platform only providing entry services, and some regions may not be able to use it due to regulatory reasons.

BlockBeats News, May 25th, according to EmberCN's monitoring, in the past 11 months, the Kingdom of Bhutan has gradually sold 9,180 BTC ($9 billion) at an average price of $98,067.· When the Bitcoin mining operation of the Bhutanese government ceased in early 2025, the peak amount of BTC they held was 12,200.· The current amount of BTC they still hold is 3,021 ($2.34 billion).

BlockBeats News, May 25th, on-chain security firm Blockaid announced that it had detected a continuous attack on the SquidRouterModule on the Ethereum and Base Network. The attack occurred over about two hours, with 86 Gnosis Safe wallets being drained, resulting in a total loss of approximately $3 million.The attacker then used a Uniswap V3 pool controlled by them to convert all the stolen assets to DAI. Blockaid stated that the investigation into the incident is still ongoing.It is worth noting that Squid had just announced the completion of a $6 million funding round, led by North Island Ventures, with participation from Ripple, Dialectic, Borderless Capital, Scenius Capital, and other institutions, as well as support from project angel investors such as Axelar, Ledger, Polymer Labs, Enso, and Peanut.

BlockBeats News, May 25th - U.S. President Trump posted on social media, revealing a legal document filed in the District of Columbia federal court. The document stated that on the evening of May 23rd, a gunman near the White House security checkpoint fired towards the White House with a high-caliber weapon, prompting the Secret Service to return fire, resulting in the gunman being shot dead and a bystander being severely injured.The document indicated that this was "the second assassination attempt against the President in a month" and used this as a basis to request the court to lift the injunction on the previous White House East Wing security renovation project. The document stated that the project includes bulletproof, blast-resistant, anti-drone, and sniper defense facilities, with the aim of enhancing the overall security of the White House.The Trump administration emphasized in the document that the current international situation has escalated security threats, requiring the White House to build a higher-level permanent defense system, and stated that the court injunction "endangers the safety of the President and his family."

BlockBeats News, May 25th, against the backdrop of nearly a blockade in the Strait of Hormuz, a super tanker carrying about 2 million barrels of Iraqi crude oil successfully passed through the blockade, drawing global attention to the oil market. The Swiss trading company behind the scenes, Lytton SA, also sparked market discussion as it garnered approximately $60 million in gross profit from a single transaction.According to reports, the oil tanker named "Agios Fanourios II" was originally scheduled to transport crude oil to Vietnam. During the voyage, it was repeatedly intercepted by Iran and the US, undergoing several rounds of diplomatic coordination. The shipment was eventually completed successfully with the intervention of Vietnam's national oil company, Petro Vietnam Oil Corp.Due to the tense situation in the Strait of Hormuz, Iraqi crude oil faced a significant discount in the Gulf. Sources revealed that Lytton SA purchased the oil at a price $18 below the international benchmark price per barrel and then sold it at a high premium outside the Gulf, creating an astonishing arbitrage opportunity.However, high profits also come with high risks. The single shipment's maritime transportation cost amounted to $35 million to $40 million. The vessel was even asked to sail to the port of Abbas in Iran and was intercepted by the US military after exiting the strait for investigation. Eventually, the US released the vessel after confirming that the cargo was not Iranian oil.With drastic fluctuations in oil prices and continued tension in the Middle East, the global oil trading market is experiencing a rare window of windfall profits. Reports indicate that currently, the price differential in some crude oil trades has widened to $20 to $30 per barrel, with single-ship profits reaching tens of millions of dollars, attracting more and more traders and shipowners to "risk crossing" the Strait of Hormuz.