Crypto News & Market Updates

According to Bijie.com, Israeli i24news reporter Amichai Stein cited sources saying that Iran's Supreme Leader Mujtaba Khamenei has not yet approved the U.S.-Iran Memorandum of Understanding, which may be one reason why Trump has not approved it. Currently, it may be that only Iranian Foreign Minister Aragazi, Speaker of the Diet Khalibaf, and U.S. Special Envoy for Middle East Affairs Witkov and his team have reached some kind of consensus, but Iran's true top leadership and final decision-makers have yet to agree.

BlockBeats reported that on May 28, as giant unicorns such as SpaceX, OpenAI, and Anthropic successively advanced their US IPOs, major Wall Street institutions began adjusting their holdings early to increase cash reserves. John Flood, Managing Director of Global Banking and Markets at Goldman Sachs, pointed out that before the first four largest IPOs in history, equity mutual funds had actively increased their cash reserves. Currently, many large funds are increasing their cash holdings again, and some passive index funds are even considering reducing their holdings in existing large tech stocks to free up allocation space for upcoming new index constituents. SpaceX's IPO valuation is estimated to be around $1.5 trillion to $1.75 trillion, while OpenAI and Anthropic are also close to the trillion-dollar level. The successive listings of these three companies will reshape the weight structure of major stock indices. Index compilers are accelerating the revision of rules to accommodate these changes. FTSE Russell has introduced new regulations allowing newly listed companies to be included in the Russell Index within just 5 days after meeting the circulating market cap threshold, which the market views as almost tailor-made for SpaceX; In March this year, Nasdaq announced a rapid inclusion mechanism for new stocks, and S&P Dow Jones is also advancing a similar plan, warning that maintaining the old rules could "affect the overall effectiveness of the index as a benchmark." Once included in the index, large passive funds will have to allocate related stocks, potentially becoming the most stable and largest source of demand for these super IPOs. However, there are also concerns in the market, believing that passive funds may be forced to buy highly volatile new stocks at high premiums during the initial phase, taking on excessive risk.

Odaily Planet Daily reported that French semiconductor company Sequans Communications announced on Thursday that it has completed all debt redemptions related to its Bitcoin treasury, marking its official exit from its previous crypto asset treasury strategy and refocusing on the Internet of Things and cellular semiconductor businesses. The company stated that this debt repayment was mainly completed by selling about 80% of its Bitcoin holdings. Currently, Sequans holds only 658 BTC and is "completely unburdened." The company stated it will gradually "liquidate" the remaining Bitcoin in the future, but did not specify whether it will continue to be sold or used on-chain through collateral or other means. Sequans CEO Georges Karam stated that this debt clearance "marks an important turning point." The company has strengthened its balance sheet, streamlined its capital structure, and will fully focus on 4G/5G IoT chip business, including smart metering, asset tracking, vehicle networking, and industrial IoT applications. Looking back, Sequans launched its Bitcoin treasury strategy in June 2025 and planned to increase its BTC holdings on a large scale, but gradually reduced its holdings amid market volatility and ultimately exited the strategy entirely during this cycle. Although the company's stock price rose slightly that day, it had already fallen more than 90% from the peak of the Bitcoin craze. （The Block）

BlockBeats reports that on May 28, Morpho officially released the "Morpho Midnight White Paper," announcing the launch of a new non-custodial protocol designed specifically for the fixed-rate, fixed-term credit market. At the same time, the complete Midnight codebase is open source, allowing developers to access it directly via GitHub.

BlockBeats reported that on May 28, Sui officially announced that the mainnet is currently experiencing network stagnation, and the core development team is actively working to resolve it. Please note that trading may be suspended at this time, and the latest developments will be released as soon as possible.

Odaily Planet Daily reports that Tencent Hunyuan has officially launched Hy-Memory. According to reports, this is a memory plugin specifically designed for long-term collaborative agents like Openclaw, and can truly become the agent's "second brain." (Jin Shi)

According to Bijie.com and Evernorth, the tokenized real-world asset (RWA) of XRP has surged from $10 million to $400 million over the past 15 months, growing at more than twice the rate of Ethereum. By 2026, RWA on the XRP ledger has grown from about $227 million to over $404 million, a year-to-date growth rate of 78%. During the same period, Ethereum's growth was about 35%. XRP has also surpassed Avalanche and Polygon in the scale of tokenized assets, demonstrating its competitiveness in the institutional tokenized finance sector. Although XRP ranks about 11th in total RWA value, it is close to the top tier of similar blockchain networks in terms of market capitalization. Analysts say this discrepancy may signal rising expectations for institutional adoption.

According to Bijie.com, three crude oil tankers sanctioned for belonging to Russia's "shadow fleet" were attacked by drones last night off the Turkish Black Sea coast. Port agent reports indicate that the tankers Altura and Velora, managed by the Turkish side, were attacked while conducting ship-to-ship cargo transshipment operations. The two ships arrived in the waters on May 24. Local media previously reported in March that the "Altura," carrying about one million barrels of Russian Urals crude, had been attacked.

According to Catcher Predict monitoring, the forecast market on Polymarket is "The U.S. announces new Iran agreement/ceasefire extension to __?" During the event, the "Yes" option win rate for the "Yes" submarket on May 30 experienced dramatic fluctuations, surging from 9% one hour ago to the current 37% (a fluctuation of 28%). Please be aware of the impact of related breaking news.