Key Takeaways
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Macroeconomic Environment: The U.S. Court of Appeals has allowed Trump-era tariffs to remain in effect temporarily, reigniting trade policy uncertainty and dampening market sentiment. Investors remain cautious. U.S. stock gains narrowed, while safe-haven assets like gold strengthened.
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Crypto Market: Bitcoin recorded three consecutive days of losses due to uncertainty over tariff policy and short-term profit-taking pressure. On the regulatory side, a positive signal emerged: the SEC clarified that three types of staking services do not constitute securities issuance, removing a major hurdle for Ethereum staking ETFs and pushing the ETH/BTC ratio up by 0.16%. Ethereum outperformed Bitcoin for the third consecutive day. Capital continues to flow into major assets, with Bitcoin's market dominance climbing back to 64%. Altcoin market sentiment remains weak.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,912.18 | +0.40% |
| NASDAQ | 19,175.87 | +0.39% |
| BTC | 105,579.30 | -2.04% |
| ETH | 2,631.70 | -1.86% |
Crypto Fear and Greed Index: 60 (was 74 24 hours ago), level: Greed
Macro Economy
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The UK seeks to accelerate the implementation of a U.S. trade agreement
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U.S. Court of Appeals allows Trump-era tariffs to remain in effect temporarily
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U.S. Treasury Secretary Bensent: Several major deals are about to be finalized
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The second estimate of U.S. Q1 GDP shows a 0.2% contraction, slightly improved from the previously announced 0.3% decline
Industry Highlights
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The U.S. SEC clarified that “node self-staking,” “self-custody staking,” and “custodian representative staking” do not constitute securities issuance or sales
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Russia's central bank plans to allow qualified investors to trade crypto derivatives
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Spain’s Santander Bank is planning to enter the crypto space and is drafting a preliminary stablecoin plan
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Kazakhstan to launch a crypto payment and application pilot zone
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U.S. SEC drops lawsuit against Binance
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Panama is considering establishing a strategic Bitcoin reserve and accepting Bitcoin as a payment method
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SOL Strategies filed a $1 billion preliminary infrastructure IPO prospectus; added 26,478 SOL at an average price of $177.5
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Telegram issues $1.7 billion in convertible bonds to restructure its debt
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Tether CEO announced the company holds over 100,000 BTC and more than 50 tons of gold
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European football giant Paris Saint-Germain announced it will include Bitcoin in its asset reserves
Project Highlights
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rending Tokens: SPX, LABUBU, TRB
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Tariff uncertainty triggered a broad altcoin decline; gold and tokenized gold assets (XAUT, PAXG) rose
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FTT: FTX to begin paying major creditors' bankruptcy claims on May 30
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