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According to Coinglass data, the total contract open interest for ETH has increased by 5% in the past 24 hours, with the current total open interest at $24.308 billion. Among them, Binance's open interest is $5.522 billion, OKX's open interest is $1.509 billion, Bybit's open interest is $1.643 billion, and Gate's open interest is $2.958 billion.

Imran Khan, co-founder of Alliance, stated on the X platform that he remains optimistic about the development prospects of the cryptocurrency industry, noting that the market has previously overestimated the speed at which cryptocurrency would become the next mainstream computing paradigm. Many had originally expected cryptocurrency to lead the next platform revolution, but ultimately, it has largely been artificial intelligence (AI) that has taken on this role.Khan pointed out that over the past decade, a significant amount of capital has flowed into the cryptocurrency industry, but a considerable portion of that funding has been used for overbuilding. The industry has not focused on a few applications with clear advantages but has attempted to reshape multiple fields such as finance, social networking, and governance simultaneously. The adjustments and consolidations currently experienced in the market are essentially a natural return after previous overexpansion and do not mean that the core logic of the cryptocurrency industry has failed.He believes that the greatest path to success for the cryptocurrency industry may not be to first create a killer application, but rather to become the global financial infrastructure. As stablecoins, cryptocurrency wallets, tokenized stocks, and on-chain financial services reach more users through digital banking and ultimately serve AI agents, the cryptocurrency network will become the default value settlement layer of the internet. Once these infrastructures are widely adopted, innovations such as DAOs, decentralized markets, and machine-to-machine payments, which were previously difficult to implement due to timing, may finally see true large-scale application opportunities.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $245 million, with long positions liquidated at $81.0358 million and short positions liquidated at $164 million. Among them, Bitcoin long positions were liquidated at $15.8193 million, Bitcoin short positions at $62.3254 million, Ethereum long positions at $24.077 million, and Ethereum short positions at $44.3025 million.In addition, in the last 24 hours, a total of 85,575 people were liquidated globally, with the largest single liquidation occurring on OKX - BTC-USDT-SWAP worth $12.2796 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0062%. Among the current mainstream exchanges, the rate on Binance is -0.0102%, OKX is -0.0141%, Bybit is -0.009%, and Gate is -0.0129%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0007%. Among the current mainstream exchanges, the rate for Binance is 0.0004%, OKX is -0.0078%, Bybit is -0.0019%, and Gate is -0.0085%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale has made a single purchase of $100,000 on the "World Cup Champion" event for "Portugal." Based on the current transaction price, the latest corresponding winning probability for this target is 90.22%.

According to Coinglass data, the total contract open interest for ETH has increased by 6.11% in the past 24 hours, with the current total open interest at $24.148 billion. Among them, Binance's open interest is $5.452 billion, OKX's open interest is $1.517 billion, Bybit's open interest is $1.606 billion, and Gate's open interest is $2.84 billion.

According to Jinshi reports, after the release of significantly better-than-expected non-farm payroll data on Friday, market expectations for the Federal Reserve's interest rate hikes this year surged, causing spot gold to plummet sharply, nearly erasing all gains for the year, marking a fourth consecutive week of declines. Silver's overall trend mirrored that of gold but with slightly stronger volatility, closing down 9.85% for the week. The U.S. dollar index, buoyed by the unexpected non-farm data, rose significantly to just above the 100 mark. Following the non-farm data on Friday, U.S. tech stocks suffered heavy losses. The Dow Jones Industrial Average closed down 1.35%, the S&P 500 index fell 2.65%, marking the largest single-day drop since October 2025; the Nasdaq dropped 4.18%, the largest single-day decline since April 2025.Goldman Sachs believes that the current market sentiment is clearly more greedy than fearful. Deutsche Bank pointed out that the market is highly sensitive to any negative news involving Iran. Here are the key points the market will focus on in the new week (all times are in Beijing time):Monday 23:00, U.S. May New York Fed 1-year inflation expectations;Tuesday 14:00, Germany April seasonally adjusted industrial production month-on-month, April seasonally adjusted trade balance;Tuesday 18:00, U.S. May NFIB Small Business Confidence Index;Tuesday 20:15, U.S. ADP employment change for the week ending May 23;Wednesday 20:30, U.S. May unadjusted CPI, May seasonally adjusted CPI/core CPI month-on-month;Wednesday 21:45, Bank of Canada announces interest rate decision;Thursday 20:15, European Central Bank announces interest rate decision;Thursday 20:30, U.S. initial jobless claims for the week ending June 6, May PPI year-on-year/month-on-month;Friday 14:00, Germany May CPI month-on-month final value;Friday 14:45, France May CPI month-on-month final value;Friday 22:00, U.S. June 1-year inflation expectations preliminary value, June University of Michigan Consumer Confidence Index preliminary value.In the coming week, the market will face a series of important events, but the most anticipated remains the potential initial public offering (IPO) of SpaceX. According to current plans, this transaction may launch on Friday, and if it proceeds, it is expected to have a significant impact on overall market sentiment, although the specific direction is still difficult to determine.In addition to SpaceX, the Apple Worldwide Developers Conference, earnings reports, and TSMC's May sales data may also become important factors influencing market volatility. Next week, U.S. stocks will enter a relatively calm phase of earnings season; although the overall number of reports is not large, heavyweight tech companies Oracle and Adobe will take the stage one after another, becoming the focus of market attention.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $406 million, with long positions liquidated at $254 million and short positions liquidated at $152 million. Among them, Bitcoin long positions were liquidated at $42.9501 million, Bitcoin short positions at $47.8855 million, Ethereum long positions at $77.8271 million, and Ethereum short positions at $41.9352 million.In addition, in the last 24 hours, a total of 130,497 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.0895 million.

According to the Korea Herald, the five major virtual asset trading platforms in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) have experienced a total of 57 hacking and system failure incidents over the past six years (from 2020 to April 2026), with a total compensation amount of approximately 7 billion Korean won (about 5.1 million USD). By exchange, the number of incidents is as follows: Upbit 26 incidents, Bithumb 14 incidents, Gopax 8 incidents, Coinone 6 incidents, Korbit 3 incidents.Among them, Bithumb compensated approximately 2.5 billion Korean won (about 1.8 million USD) for the BTC misissue incident in February this year, Upbit compensated approximately 790 million Korean won (about 570,000 USD) for a hacking incident in November 2025, and compensated approximately 3.2 billion Korean won (about 2.3 million USD) for a system incident on December 3, 2024. It is worth noting that the standards for compiling incident reports by exchanges and the scale and form of compensation vary. For example, Gopax counts errors that occur when viewing the asset list as system failures, while Bithumb only counts situations where all customers encounter difficulties using core services for more than 10 minutes as system failures.In addition, Bithumb also provided some applicants who suffered losses due to system failures with free fee vouchers instead of cash compensation. The compensation amounts for system failures are as follows: Upbit approximately 3.21 billion Korean won, Bithumb approximately 3.2 billion Korean won, Coinone approximately 49 million Korean won. Korbit and Gopax did not provide any compensation.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $418 million, with long positions liquidated at $269 million and short positions liquidated at $149 million. Among them, Bitcoin long positions were liquidated at $44.5744 million, Bitcoin short positions at $47.8634 million, Ethereum long positions at $79.5493 million, and Ethereum short positions at $41.5241 million.In addition, in the last 24 hours, a total of 132,098 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.0895 million.

Chairman of Bitmine, Tom Lee, posted on the X platform stating that one should not be misled by false information, and he believes that the current bull market in the stock market remains solid.Tom Lee stated that cryptocurrency is the only way to achieve tokenization, and in the future AI world where machines interact with each other, cryptocurrency will play a key role.

According to on-chain analyst Yu Jin's monitoring, the Binance Life market maker has continued to buy $10 million worth of Binance Life tokens in the past 24 hours, pushing its price up by 15%. The on-chain buying address has continuously purchased 8.62 million Binance Life tokens in the past 24 hours, worth $6.33 million. The CEX withdrawal address continued to withdraw 5.666 million Binance Life tokens from Binance 8 hours ago, worth $4.07 million.Since the beginning of the month, it has accumulated a total of 56.887 million Binance Life tokens, worth $39.1 million, at an average price of $0.687.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0035%. Among the current mainstream exchanges, the rate on Binance is -0.0066%, OKX is -0.011%, Bybit is -0.0054%, and Gate is -0.0073%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0009%. Among the current mainstream exchanges, the rate on Binance is -0.0028%, OKX is -0.0013%, Bybit is -0.0042%, and Gate is -0.0014%.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $505 million, with long positions liquidated at $317 million and short positions liquidated at $188 million. Among them, Bitcoin long positions were liquidated at $58.791 million, Bitcoin short positions at $75.1636 million, Ethereum long positions at $93.4777 million, and Ethereum short positions at $45.6091 million.In addition, in the last 24 hours, a total of 139,970 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.0895 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $779 million, with long positions liquidated at $551 million and short positions liquidated at $228 million. Among them, Bitcoin long positions were liquidated at $151 million, Bitcoin short positions at $91.4792 million, Ethereum long positions at $138 million, and Ethereum short positions at $58.5845 million.In addition, in the last 24 hours, a total of 189,213 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $8.5536 million.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0013%. Among the current mainstream exchanges, the rate on Binance is -0.0035%, OKX is -0.0035%, Bybit is -0.0017%, and Gate is -0.0035%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0016%. Among the current mainstream exchanges, the rate for Binance is -0.0006%, OKX is 0.0005%, Bybit is -0.0005%, and Gate is -0.0013%.

According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.