1. ETF fund flows
US spot Ethereum ETF saw a net inflow of $70.2 million in a single day, while Bitcoin ETF experienced a net outflow of $614 million during the same period (a single-day record)
2. Corporate dynamics
Meta shareholders voted down the proposal to include Bitcoin in the $72 billion cash reserve (against 4.98 billion vs. for 3.92 million)
FTX initiates second phase of compensation: $5 billion will be distributed to creditors within 1-3 business days
3. Bitcoin network data
Mining difficulty adjusted up by 4.38% to 126.98T (a historical high) with total network hash rate reaching 921.04EH/s (7-day average)
4. Market anomalies
$723 million liquidated in 24 hours, involving 282,000 people (largest single liquidation: $12.5 million BTC contract on OKX platform)
Due to the impact of US-China tech friction, BTC plummeted 1.7% in the early morning
5. US policies and economy
Trump announced to raise the steel import tariff from 25% to 50%
Core PCE inflation drops to 2.5% (strengthening the expectation for a rate cut in September, with CME showing over 70% probability of a rate cut)
SEC clarifies that PoS staking activities do not constitute securities transactions (exempt from registration)
6. Stock market performance
NASDAQ index posts the best May gain since 1997
S&P 500 index records the strongest May performance since 1990
7. US-China tech friction escalates
The US plans to include subsidiaries of Chinese tech companies in export controls (over 50% shareholding requires permission)
New regulations may be introduced as early as June, potentially adding sanctions against companies like SMIC