Today's Outlook
1. The number of initial unemployment claims in the U.S. for the week ending May 31 (in ten thousand) will be announced today, previous value 240,000.#失业金数据
2. Taiko (TAIKO) will unlock approximately 81.55 million tokens today, accounting for 69.37% of the current circulation, valued at about $46.9 million.
3. The SEC will hold a conference on emerging trends in asset management today, with representatives from institutions such as BlackRock participating.

Macro & Hot Topics
1. Trump called on Federal Reserve Chairman Powell to cut interest rates on social media. He pointed out that the ADP data has been released, Europe has lowered interest rates nine times, and Powell should act immediately.#降息预期
2. U.S. Secretary of Commerce Raimondo stated that the U.S. will not mutually remove tariffs and barriers with other countries.
3. Circle priced its IPO at $31 per share, raising $1.1 billion with a valuation of $6.2 billion.
4. BlackRock (iShares Ethereum Trust) has purchased 214,000 ETH since May 11, valued at $560 million, despite ETH trading sideways between $2,500 and $2,700.
5. The Ethereum Foundation announced a fiscal policy aiming to reduce operating expenses to a long-term benchmark of 5% within five years.

Market Trends
1. BTC volatility has increased, short-term fluctuations are trending down; over the past 24 hours, liquidations exceeded $217 million, primarily long positions; new coin LA rebounded after a drop, while popular IP LABUBU led declines, with the market showing mixed results.
2. Weak U.S. economic data has led to soaring interest rate cut expectations, ending the Dow's four-day rally; Chinese concept stocks rose 2%; the dollar returned to a low point, and oil prices dropped about 2%.
3. In the clearing map for BG BTC/USDT, based on the current value of 104,715 USDT, if it drops to around 102,715 (two thousand points down), cumulative long liquidation amounts will exceed $660 million. If it rises to around 106,715 (two thousand points up), cumulative short liquidation amounts will exceed $530 million. Long liquidation amounts exceed short, suggesting prudent leverage control to avoid triggering large-scale liquidations during market fluctuations.
4. In the past 24 hours, BTC spot inflows totaled $14.8 billion, outflows totaled $15.4 billion, resulting in a net outflow of $600 million.
5. Over the past 24 hours, net outflows in contract trading for BTC, ETH, DOGE, SOL, PEPE, etc., led the market, indicating potential trading opportunities.