Fed Meeting Minutes: Trade Policy Had a Larger Drag on Economic Activity Than Anticipated

On May 30th, Glassnode stated in its report dated May 29th that investors in BlackRock and Fidelity's Ethereum spot ETFs are currently experiencing significant losses. The average unrealized loss is approximately 21%. The data shows that the cost basis of BlackRock's Ethereum spot ETF is $3,300, while that of Fidelity's is higher at $3,500. The current trading price of ETH is around $2,601. At the same time, Glassnode indicated that these ETFs have had a minimal impact on Ethereum's spot price. "Ethereum ETFs initially accounted for only about 1.5% of the spot market trading volume, suggesting a relatively subdued market response to the ETF launches."

On May 30th, as per the official announcement, Upbit has included the LPT and POKT KRW trading pairs.

On May 30th, according to an official announcement, Upbit has included the trading pairs of FLOCK and FORT with BTC and USDT.

On May 30th, Hester Peirce, who is often referred to as the "Crypto Mom" at the SEC, stated at the Bitcoin 2025 conference that crypto investors should be accountable for their investment decisions and not expect government assistance in case of losses. The commissioner emphasized, "If you advocate the idea of choice, you should learn from investment losses rather than seek a bailout." Peirce pointed out that most cryptocurrencies themselves are not securities, and relevant trading platforms do not need to register with the SEC unless they are engaged in securities-related activities. Regarding the recently popular Meme coins, she clearly stated that this falls within the speculative realm where investors should bear their own risks. On the issue of publicly traded companies holding crypto assets, Peirce maintained a neutral stance and only emphasized the need for proper disclosure. The SEC has recently issued a policy statement excluding Meme coins, certain mining activities, and st

May 30th. According to official channels, the F1 Red Bull Racing Team's co-branded digital collectibles series, IN THE MOMENT, has officially completed its first round of minting activities recently. The series began on May 23rd with a three-day limited-time free minting event. Statistics indicate that the total minted amount in the first round has exceeded 1 million, attracting more than 200,000 participants, demonstrating the significant allure of Web3 digital collectibles and the cross-collaboration between top-tier sports events. It is reported that the first phase of the event has ended, and both the minting and reissue channels have been closed. The second round of minting will start on July 4th, introducing new card designs, more collaborations with guest artists, and exciting rewards. Further details will be announced through Gate's official channels.

On May 30th, according to HTX market data, SAFE has surpassed $0.7, and the current price is $0.7208, indicating a 24-hour price increase of 23.2%.