Crypto News & Market Updates

Odaily Planet Daily reports that Bitcoin News posted on the X platform that Trump claims he saved the U.S. Bitcoin industry from the hands of the "anti-crypto army."

BlockBeats reported that on May 28, according to HTX market data, Bitcoin led the crypto market to plunge early Thursday, quickly breaking below a one-month low before rebounding slightly and currently quoted at $74,453. As a result, the entire network saw $160 million in liquidations within 4 hours, including $151 million in long order liquidations. On the news front, an explosion occurred at Bandar Abbas, Iran, around 5 a.m. Beijing time today, with the air defense system activating for several minutes. Additionally, the U.S. military claims it is fully deployed and ready to attack Cuba at any time. At the US market close, the three major indices edged higher, while tech stocks showed divergent performance. The Dow Jones closed up 0.36%, the S&P 500 gained 0.02%, and the Nasdaq gained 0.07%. Micron Technology (MU. O) rose 3.63%, continuing to hit new highs. Qualcomm (QCOM. O) fell more than 6%, Intel (INTC. O) down 1.4%.

According to Bijie.com, U.S. crude oil prices opened slightly higher due to ongoing disagreements between the U.S. and Iran over how to reopen the Strait of Hormuz. Trump said he was "dissatisfied" with the negotiations. The White House denied Iran's reports about a draft agreement that said Iran and Oman would oversee shipping through the strait. Despite the challenges, oil prices are still expected to fall for the second consecutive week, fueled by optimism that both sides can at least reach a provisional agreement. The sticking points of this protracted negotiation include Iran's desire to retain control over the Strait of Hormuz and the fate of the country's nuclear program. Joe Delaura, Global Energy Strategist at Rabobank, said: "Right now, the oil market is too 'complacent' with the status quo." The release of the Strategic Petroleum Reserve is helping to buffer some of the supply losses caused by the war. ”

According to BlockBeats, on May 28, according to Iranian media Fars News, at around 1:30 a.m. local time (5 a.m. Beijing time), local residents reported explosions coming from Bandar Abbas in southern Iran. Sources in Bandar Abbas said they heard three or four explosions in the distance, which sounded the same way as the explosions they had occurred a few days earlier. It is reported that the local air defense system activated for several minutes.

According to Bijie.com, Doug Bando, senior fellow at the conservative American think tank Cato Institute, stated that with the US and Iran implementing a double blockade in the Strait of Hormuz, the main confrontation between the two sides has shifted to the economic front. He pointed out that Trump is in a very difficult position, and closing the Strait of Hormuz inadvertently gave Iran a powerful weapon, while he himself was unwilling to risk sending U.S. warships to try to open it. Bando questioned Trump's claim that he doesn't care about the war's impact on the upcoming midterm elections, believing the last thing he wants is a Republican defeat in November.

Odaily Planet Daily reports that BitcoinTreasuries.NET posted on X that Michael Saylor of Strategy stated that STRC's annualized operating rate has reached $24 billion, and will buy Bitcoin that alone is 2 to 3 times the miner output. Strategy has purchased $11 billion worth of BTC so far this year, buying at twice the output rate of miners.

According to Bijie.com, the head of Iran's National Security Committee stated that Iran will not back down in response to U.S. President Trump's remarks and will "uphold red lines" in negotiations with the U.S., including uranium enrichment capacity and stockpiles, control over the Strait of Hormuz, and the lifting of sanctions. Earlier, Trump expressed dissatisfaction with the progress of U.S.-Iran negotiations at a cabinet meeting, stating he did not accept the new management mechanism for the Strait of Hormuz currently under negotiations between Iran and Oman, did not consider easing sanctions on Iran for now, and did not accept reaching an agreement before further nuclear negotiations.

According to Catcher Predict monitoring, in the "Counter-Strike: 9z vs Sharks (BO3) - Stake Ranked Episode 2 Playoffs" event on Polymarket, the odd option win rate for the submarket "Odd/Even Total Kills" experienced a sharp fluctuation, rising from 50% one hour ago to 90% now (a 40% fluctuation). Please be aware of the impact of related breaking news.

Odaily Planet Daily reports that ElevenLabs, a voice AI company founded in Poland, has released Music v2. This model can switch genres within the same track, generate songs based on intro, verse, chorus, and other segments, and support partial redrawing of specific segments. Music v2 is now available on ElevenMusic and ElevenCreative, with access to ElevenAPI currently available through early access through the sales team. Stability AI released Stable Audio 3.0, which includes four models: Small SFX, Small, Medium, and Large, with three variants open weighted on Hugging Face. This series is trained on authorized data; Medium supports generating tracks up to 6 minutes and 20 seconds long, while Large is available only through the Stability AI API. ElevenLabs has reached licensing agreements with Believe, Kobalt, and Merlin, and Stability AI has established partnerships with Warner Music Group and Universal Music Group. Suno is projected to be valued at $2.45 billion in November 2025, with annual recurring revenue exceeding $300 million, about 100 million users, and an average daily generation of around 7 million songs.