CryptoQuant: Data shows ETH spot trading volume declining, caution advised on overheated contract trading volume

On May 31st, Trump stated that both Russian President Putin and Ukrainian President Zelensky are extremely obstinate. (Xinhua News)

On May 31st, Jamie Dimon, the CEO of JPMorgan Chase, cautioned that following the "massive overkill" spending and quantitative easing by the U.S. government and the Fed, the bond market is "likely to crack." Dimon stated, "I simply don't know whether it will occur in 6 months or 6 years from now, but it is bound to happen. I hope we can alter the trajectory by addressing our debt, exercising a bit of fiscal discipline, and implementing highly pro-competitive policies that support the growth agenda. This is not wishful thinking; it is what we should do." Dimon has been expressing concerns about global deficit spending in recent years. On Friday, when questioned about whether the so-called 'Bond Vigilantes' could make a comeback, he replied, "Yes."

On May 31st, Musk declared that the team of the Government Efficiency Department would grow more powerful. "I am going to become an advisor to President Trump of the US." (FXStreet)

On May 31st, Trump gave praise to Musk's leadership of DOGE. "Musk, with the backing of a highly intelligent team, has been working tirelessly to lead the most comprehensive and significant government reform initiative in generations, resulting in substantial changes to Washington's traditional way of operating." (FXStreet)

On May 31st, as per the monitoring of lookonchain, whale James Wynn suffered another liquidation. A total of $9.36 million was lost in his account today. This time, both his long positions in PEPE and BTC were partially liquidated. Address: 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6

On May 31st, according to HTX market data, Bitcoin fell below $104,000, with a 24-hour decline of 2.91%.