South Korean authorities have captured the mastermind of a multi-million dollar cryptocurrency scam two years after fleeing overseas.

On May 31st, according to Coinglass data, if Bitcoin drops below $102,000, the cumulative long liquidation intensity of mainstream CEXs will reach $987 million. Conversely, if Bitcoin goes above $105,000, the cumulative short liquidation intensity of mainstream CEXs will reach $476 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which reaching a certain price level will have an impact. Higher "liquidation bars" indicate that when the price reaches that level, it will trigger a more intense response due to a liquidity cascade.

On May 30 local time (May 31), European Commissioner for Trade and Economic Security Shevchovich had a call with U.S. Secretary of Commerce Lutenik. Shevchovich emphasized that both sides should continuously advance cooperation and were committed to finding forward-looking solutions to ease the current trade tensions. On the same day, European Commissioner for Economic Affairs Dombrovskis stated that against the increasingly complex global backdrop, the EU remains dedicated to an open external strategy. Currently, EU-U.S. trade negotiations are at a crucial stage, and both sides are striving to reach an agreement before July 9. Dombrovskis stated that the EU is always committed to finding a negotiated solution with the U.S. However, the prospects for trade negotiations between the EU and the U.S. remain uncertain. (Oxpecker)

On May 31st, as monitored by Farside Investors, yesterday the US Bitcoin spot ETF witnessed a net outflow of $6.161 billion.

On May 31st, according to the monitoring of Farside Investors, yesterday the net inflow of the US Ethereum spot ETF was $70.2 million.

On May 31st, Cosmos, the founder of SlowMist, stated that the mnemonics of a user's four sets were leaked, and the funds in the corresponding four wallet addresses were stolen. Judging from the on-chain operation method, after the hacker address received the funds, they were all converted into ETH and then laundered through FixedFloat. The longer the mnemonics/private keys are used online and the more they are shared and used, the more likely they are to be leaked, making it increasingly difficult to trace the source of the leak.

On May 31st. Based on the monitoring of Onchain Lens, a newly established wallet withdrew 425,764 TRUMP tokens from Binance, with a value of $4.53 million.
This wallet also withdrew 3,256 SOL tokens, having a value of $499,000.