U.S. and Iran give in, crude oil plummets! The demand for BTC has dropped to the freezing point this year. ETFs continue to lose blood. Micro-strategies have switched to buying bonds this week. BitMine has a floating loss of 7.3 billion or may welcome index buying. AI accelerates Quantum of Solace. Pre-IPO is popular on the chain.

Original author：今日币圈快讯

Original source：https://www.youtube.com/embed/gF4m2Y2ewyo

Today is May 25, 2026. The global market is closely watching the negotiation process of the U.S.-Iran peace agreement. While crude oil plummeted, stock markets in many countries around the world hit record highs. However, the crypto market is facing shrinking demand amid macro uncertainty, and spot ETFs have experienced continuous capital flight. On the other hand, the Pre-IPO market of technology giants is extremely hot on the chain, and the combination of AI and quantum computing has sounded the alarm for the underlying security of the encryption industry. The following is a summary of today’s core content for you: 1. Macro-Thunder: U.S.-Iran negotiations ushered in “unprecedented” concessions, oil prices flashed and global stock markets reveled. The U.S.-Iran agreement advanced tortuously: The United States and Iran have reached an agreement on a memorandum of understanding framework, which includes extending the ceasefire for 60 days and reopening the Strait of Hormuz in phases. Senior US officials revealed that Iran has made "serious and unprecedented" concessions on uranium enrichment, and the Supreme Leader has approved the overall framework of the agreement. Currently, 32 ships have been allowed to pass through the strait. Although U.S. Secretary of State Rubio said the agreement could be signed as early as Monday, Trump clarified that the agreement "has not been fully negotiated" and faced criticism from Republican hardliners that it "concessed too much." Affected by the expectation of a ceasefire, WTI crude oil and Brent crude oil plunged 6% during the day. Divergence in the Fed's route and the global market: The market is divided on the path of new Federal Reserve Chairman Warsh to raise interest rates. Bond investors have generally priced in a rate hike in December through swaps, but BlackRock analysts believe labor market pressures may provide Warsh with a reason to cut rates. In terms of the stock market, Japan's Nikkei 225 Index and Singapore's benchmark stock index both hit record highs. JPMorgan Chase even predicts that the S&P 500 Index is expected to rise to 9,000 points next year. 2. Crypto market and giant whales: BTC demand has dropped to the freezing point during the year, and micro-strategies have suspended buying coins. The market is weak and ETFs are losing blood: The apparent demand for Bitcoin has dropped to the lowest level in 2026, and spot demand continues to shrink. The U.S. spot Bitcoin ETF has recorded net outflows for six consecutive trading days, with cumulative outflows reaching US$1.55 billion. However, Bitcoin on Binance has shown a clear net inflow trend for nearly 10 consecutive days, triggering concerns about potential selling pressure. Analysts warned that if Bitcoin's volume exceeds $80,000, it may trigger large-scale short liquidation, but currently it is more like a fragile rebound driven by leverage. The stark operations of corporate giants: Michael Saylor, founder of Strategy (Strategy), wrote, “What I bought this week was bonds, not Bitcoin.” On the other hand, the Ethereum treasury company BitMine currently holds 5.28 million ETH and has a floating loss of US$7.35 billion. However, it is on the preliminary inclusion list of the Russell 1000 Index. If successfully included, it may usher in about US$2.15 billion in passive buying funds. The ancient giant whale awakens and the bloody battle between long and short: The largest liquidation of positions on the entire network today occurred when a major BTC short seller was forced to liquidate 169.5 BTC (approximately US$13.15 million), and then used the remaining funds to chase the increase with high leverage. In addition, the Kingdom of Bhutan has sold 9,180 BTC (approximately US$900 million) in the past 11 months; a miner in the Satoshi era transferred US$203 million in BTC to a market maker, and a pre-mined ETH address that had been dormant for nearly 11 years also woke up today, making a profit of more than 6,800 times. 3. AI cutting-edge and technology on-chain pricing: Pre-IPO sweeps the currency circle, and AI intelligence defaults to USDC settlement Technology giants’ IPO wave and on-chain craze: US stocks are ushering in a super technology IPO wave, with SpaceX, OpenAI, Anthropic, etc. all gearing up. On the decentralized platform of Hyperliquid (HYPE), on-chain funds are frantically hyping the Pre-IPO contracts of these companies, and the implied valuation of SpaceX has been speculated to a maximum of US$2.46 trillion. HYPE token hit another all-time high against the trend, and Loracle, the largest short whale, was forced to set a short order worth $75 million at $64. AI autonomous transactions and security threats: The report shows that cryptocurrency is becoming the default payment layer for AI Agents. Over 176 million transactions have been completed in the past year, of which 98.6% of payments were settled through USDC. However, security researchers warn that AI is accelerating the development of quantum computing, which may threaten the security of the elliptic curve cryptography (ECC) system widely used by Bitcoin and Ethereum in advance. 4. Regulatory compliance and industry turmoil: Polymarket was blocked by Indonesia, and the cross-chain protocol Squid was attacked. Regulatory pressure and gaming: Some CFTC career officials were dismissed for questioning crypto companies related to the Trump family (such as Polymarket and Gemini). At the same time, the Indonesian government officially blocked the Polymarket platform on the grounds of suspected online gambling; and Polymarket announced its cooperation with the Nasdaq Private Market to enter the field of private company stock prediction. Security Alert and Rights Protection: Squid, the cross-chain protocol on the Ethereum and Base networks, was hacked and more than $3 million was stolen within two hours; a supply chain attack called TrapDoor is targeting encryption and AI developers, stealing wallets and credentials. In addition, a lawsuit in New York is trying to fight for the ownership of approximately 39,000 long-dormant Bitcoin wallets (even containing Satoshi Nakamoto addresses) through legal means, triggering a huge dispute over legal and technical enforceability. Ethereum Foundation slims down: Vitalik Buterin made it clear that the Ethereum Foundation (EF) will downsize in the future and will no longer serve as the “center” of the ecosystem and will reduce the sale of ETH.