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ME News message. On May 25 (UTC+8), U.S. bond investors believe that Federal Reserve Chair Waish will prioritize maintaining the central bank’s credibility in fighting inflation rather than heeding President Trump’s calls for rate cuts. The market has already prepared for a rate hike in December this year through tools such as swaps. However, on the Polymarket platform, the probability that the Federal Reserve will raise interest rates this year is only 35%. (Source: MLion)

Stani Kulechov pointed out that the valuation of DeFi lending should be based on traditional metrics such as lending activity and interest flows, rather than TVL. Comparing data at the end of 2025, Aave has approximately 52 billion in supply, about 2.2 billion in active loans, interest flows exceeding 700 million, and DAO reserves of 150 million; SoFi's loan book is 3.8 trillion, with revenue of 1.8 billion and net profit of 481 million. He emphasized that traditional finance evaluates based on loan books, interest income, and interest margins, and that Aave's lending business under traditional accounting frameworks is closer to a 700 million USD scale; TVL is not a revenue basis, but the core is the loan book and interest flow.

Survey shows that oil prices will remain around $100 per barrel in the next year, with Brent 12-month average prices between $81 and $100.
Most respondents expect a persistent risk premium of $5-15 per barrel over the next few years, with fewer than 20 expecting it to exceed $20.
Geopolitical risks are seen as a persistent factor, but not a long-term price reset; supply and demand will gradually rebalance.
Demand destruction is the main mechanism to hedge against supply gaps, followed by trade flow adjustments, OPEC+ policies, and strategic reserve releases.
Most expect global supply disruptions to be between 3 to 7 million barrels per day, with very few exceeding 10 million barrels.

Crypto news, according to Crypto data, Bitcoin recently dropped below $75,000, causing the total liquidation amount in the crypto market over the past 24 hours to approach $1 billion, specifically $917 million. Among them, long positions suffered the greatest losses, with approximately $826 million liquidated, with BTC and ETH leading this liquidation wave.

CryptoWorld News: The Trump administration will provide an additional $200 million to launch the renovated New York Penn Station next year.

CryptoWorld News reports that Saudi Arabia's oil export revenue in March surged to $24.7 billion, reaching a new high in over three years. Thanks to the Red Sea transit capacity and rising oil prices, Saudi Arabia successfully offset the impact of the Strait of Hormuz closure. Data from the Saudi General Authority for Statistics show that Saudi crude oil and refined product exports increased by 37% year-on-year in March, the highest since October 2022. London benchmark oil prices soared 43% that month, as the near-closure of the strait severely damaged global supply and some Gulf economies. However, Saudi Arabia quickly activated nationwide oil pipelines, and by the end of March, production capacity had recovered to about 70% of pre-war levels. A report from Goldman Sachs at the end of April stated that Saudi weekly oil revenues were 10% higher than pre-war levels.

ME News Report, May 15 — Prediction market data shows that within 24 hours, multiple addresses concentrated their participation on the event "Celtics vs Lakers" and chose the outcome "Celtics," with a total bet amount of approximately $1.45M, indicating that this result received significant funding attention in a short period.

CryptoWorld News reports that Coinbase CEO Brian Armstrong stated that using AI to update compliance processes has achieved significant results—rebuilding nearly all workflows and finding substantial efficiency gains, such as a 90% increase in resolution time for restrictions. Although AI handles most repetitive tasks, each result is still verified by humans to maintain security and optimize the model, thereby freeing up human time for higher-level decision-making.

ME News alert: On May 15 (UTC+8), SlowMist YuXian said on social media that the high-risk iOS attack framework DarkSword has been publicly leaked on channels such as GitHub and is being used for large-scale theft attacks targeting holders of cryptocurrency wallets. The attack targets devices running iOS 18.4 to 18.7. It achieves remote code execution by exploiting vulnerabilities in the Safari browser through malicious web pages, thereby stealing users’ sensitive data. Attackers launch the attacks using bait pages such as fake porn live streams, TRON energy stations, and refund-flow pages. If iPhone users running older versions of iOS visit such pages with the Safari browser (even if they do not close the page), sensitive information such as plaintext private keys and mnemonic phrases may be maliciously accessed when they later unlock the wallet app(s).

Mars Finance News May 21 – According to reports, two individuals who spoke with participating executives revealed that Anthropic is negotiating to lease AI server chips designed by Microsoft to seek higher computing power to meet its growing AI demands. (Broad Perspective)

According to Beating reports, the three founders of Manus are planning to repurchase the company by raising approximately $1 billion in external funding, with a valuation at least equal to Meta's previous offer of $2 billion, and possibly establishing a joint venture in China and listing in Hong Kong. Since April, regulators have required the withdrawal of Manus's acquisition, and the buyback plan is still in preliminary discussion, with uncertain terms and prospects; the founders also have the possibility of abandoning the plan.

CryptoWorld News: Hezbollah: We used drones and missiles to attack Israeli military positions in the towns of Dabel and Rashaf in southern Lebanon, as well as around Hadassah.

Eurozone's May Composite PMI drops to 47.5, the lowest in two and a half years, with the Services PMI falling to 46.4, contracting for two consecutive months. War has driven up living costs and energy prices, causing input price inflation to reach a three-and-a-half-year high. GDP is expected to shrink by approximately 0.2% in the second quarter.

ME News Report, April 17 (UTC+8), according to CoinFound data, currently 206 publicly listed companies hold a total of 1,250,344 BTC, accounting for 6.28% of the total Bitcoin supply. Among them, Strategy Inc (MSTR) holds 780,897 BTC, representing 62.5% of the total holdings by listed companies. (Source: CoinFound)

Mars Finance News, recently, NetEase Youdao announced that the "Zi Yue" large model has received a comprehensive upgrade to version 4.0.
"Zi Yue 4" officially enters the all-modal era, supporting integrated interaction of text, images, and audio. Youdao also announced that the core "multimodal model" and "text-to-speech (TTS) model" have been officially open-sourced.

CoinWorld News, the main whale has increased its short position of ZEC by 858.92 coins on the HyperLiquid platform, approximately $585,624.80, with a total position size reaching $3,405,696.72. The average price has been adjusted from $674.36 to $673.78. The current profit and loss is +$21,184.94 (+6.22%), with the current coin price at $669.61 and the liquidation price at $2,201.21. This whale has long relied on market oscillations during downward trends, going long on BTC while shorting HYPE, with a total cycle profit exceeding $37 million.

In April, BitFuFu produced 145 Bitcoins, a 32% decrease from March, mainly due to power outages in Ethiopia and a reduction in third-party computing power. Total managed hash rate decreased by 13.5% month-over-month to 22.4 EH/s, with third-party hash rate dropping from 22.6 to 19.1, and proprietary hash rate at 3.3. By the end of April, holdings increased from 1,794 to 1,812 coins, with an self-mining cash cost of approximately $59k per coin. Source: MLion.