Iranian Foreign Ministry: Iran and the United States Differ on Two or Three Key Issues

May 31: BitMEX co-founder Arthur Hayes called out most of the top-ranked cryptocurrencies by market cap today as "shitcoins," claiming HYPE will surpass SOL before the current bull cycle wraps up. Per Coingecko data, HYPE currently holds a $15.04 billion market cap, while SOL stands at $47.73 billion—creating a roughly $32.69 billion gap between the two assets.

On May 31st, Cosmos ecosystem cross-chain bridge Gravity Bridge was reportedly targeted in a security breach stemming from a leaked signing key, resulting in the theft of approximately $5.4 million in crypto assets. The official Gravity Bridge team has confirmed the incident and has urgently suspended all bridge services to conduct a full investigation. They’ve also requested network validators to pause their validator nodes and coordinator operations. According to reports, the platform’s contract signing key may have been compromised. This follows an earlier report detailing the same attack, which saw roughly $5.4 million in crypto assets siphoned from the Gravity Bridge protocol.

May 31: Analyst Darkfost, citing data from CryptoQuant, reports Binance saw a roughly $1.2 billion net outflow of stablecoins in May—reversing the steady inflow trend of the past two months and signaling a continued weakening of liquidity across the crypto market. As the world’s largest cryptocurrency exchange, Binance’s stablecoin reserves have dropped from $51 billion in November 2025 to $44 billion. Darkfost adds that while Bitcoin has rallied since the start of the year, it hasn’t established a sustainable trend backed by consistent liquidity; the current rebound appears to be more of an oversold technical bounce rather than long-term, momentum-driven growth.

May 31. In response to insider trading allegations targeting heavily invested stock Sivers (SIVE), a Swedish prosecutor has recommended Nasdaq launch an investigation. Dubbed the "New Stock God," Serenity posted on X that Sivers (SIVE) should undergo a full transformation into a U.S.-based company, with a Nasdaq listing as the first step. The rationale for this move: Sivers already has a U.S. capital structure, high institutional ownership, and support from the CHIPS Act—factors Serenity said would unlock a higher valuation premium and potential merger opportunities. Negative reports from Swedish local media, alleged to be influenced by short sellers, are viewed as harmful to the development of AI photonics, he added. The U.S. market would provide stronger financing access, plus broader support from institutions, funds, and indices. Serenity also suggested Sivers retain its European business as a subsidiary, centrally managed by its upcoming U.S. parent. There are further hints that

May 31: Kyle Samani, former co-founder of Multicoin Capital and ex-chairman of Forward Industries (FORD)’s board, has emerged as Hyperliquid’s leading critic. His core claims: Hyperliquid lacks meaningful technological innovation, rose to prominence solely through temporary regulatory arbitrage, and no legitimate U.S. company will partner with the platform. Samani recently issued a new bet challenge to Hyperliquid’s community, predicting the platform will be unable to launch a U.S.-compliant frontend in the near term. In response, several community members offered a $1 million wager, asserting Hyperliquid will launch such a compliant frontend within three years. Samani rejected the three-year timeline, arguing Hyperliquid will establish Hyperliquid U.S. within that period either by acquiring a Derivatives Clearing Organization (DCO) and a Designated Contract Market (DCM), adopting a compliance strategy similar to Polymarket, and advancing its technology to pass decentralized testing.

On May 31, monitoring from Onchain Lens points to a crypto whale that had been inactive for seven months: the address deposited 1,504 ETH to OKX. The transferred ETH was valued at $3.05 million at the time of the deposit, yet the whale suffered a $2.82 million loss on the transaction.