Abraxas Capital has deposited a total of 36,500 ETH into Binance in the past 24 hours

On May 31st, Representative French Hill, who is the Chairman of the House Financial Services Committee, expressed that President Trump's activities in cryptocurrency and meme coins have added complexity to the legislative work that Congress has been engaged in for years. "This is indeed the case," said the Republican congressman. "The Trump family's participation in the realm of meme coins has made this work even more challenging because I believe it has diverted the attention of our members (both Republicans and Democrats) and prevented them from concentrating on what we should be focused on." Hill stated: "We have been making great efforts for five years, especially in the House, to obtain strong bipartisan support for stablecoins and a market framework." "If you are worried about meme coins, concerned about whether they have no value or what their significance in society is, then you need to assist me in passing a stablecoin bill and a market framework bill that will clearly define

On May 31st, based on HTX market data, Bitcoin dropped below $104,000, experiencing a 24-hour decline of 1.83%.

On May 31, according to Coinglass data, the entire network witnessed a liquidation amount of $944 million in the past 24 hours. Among them, there were $858 million in long liquidations and $85.588 million in short liquidations.

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)