Senior Iranian sources: A political consensus has been reached between Iran and the United States, but it has not yet been finalized.
A senior Iranian source said that a political consensus has been reached between Iran and the United States, but it has not yet been finalized.
Iranian sources said that US President Trump’s claims about Iran’s highly enriched uranium stockpile are untrue. The possible memorandum of understanding between Tehran and Washington does not involve any nuclear-related issues.
[Golden Ten]
Bitcoin mining difficulty increased by 1.72% to 138.96 T
On May 29, CloverPool data shows that the Bitcoin mining difficulty was adjusted today at 18:29 at block height 951,552.
The mining difficulty increased by 1.72% to 138.96 T, and the current average hashrate of the entire network over the past seven days is 1.02 ZH/s.
[PANews]
$181 million in total contract liquidations across the entire network in the past 24 hours, with both long and short positions liquidated.
According to CoinAnk data on May 29, $181 million worth of cryptocurrency derivatives contracts were liquidated across the entire market in the past 24 hours, including $99.128 million in long positions and $81.8973 million in short positions.
The total liquidation amount for BTC was $33.8531 million, and for ETH it was $35.9836 million.
[PANews]
JPMorgan CEO Jamie Dimon blasts Coinbase’s Brian Armstrong, plans to fight Clarity Act
JPMorgan Chase CEO Jamie Dimon didn’t pull any punches on Friday when discussing pending crypto market structure legislation and Coinbase CEO Brian Armstrong.
In an interview with Fox Business, Dimon said he is unhappy with how the Clarity Act — legislation designed to establish a regulatory framework for digital assets — is currently written. He added that JPMorgan and other banks plan to oppose the bill in its current form.
“It allows cryptocurrency firms to effectively pay interest on deposits, stablecoins or something like that, without the protection that they should have,” Dimon said, arguing that the Clarity Act also fails to adequately address Anti-Money Laundering (AML) requirements and the Bank Secrecy Act (BSA). The Clarity Act “has almost no legal protections … so the banks will not accept it that way,” he said.
Banks and the crypto industry have been at odds for weeks over whether the legislation should permit crypto firms such as Coinbase to reward customers for holding stablecoins. Banks argue that such incentives could accelerate deposit flight from traditional financial institutions and that firms offering bank-like products should be subject to comparable regulatory oversight.
The debate has become one of the most contentious issues surrounding the Clarity Act, with industry participants divided over the bill’s prospects amid disagreements over stablecoin rewards, scrutiny of President Donald Trump’s crypto interests and the approach of the 2026 midterm elections.
Dimon also took aim at Coinbase CEO Brian Armstrong, claiming that Armstrong is spending hundreds of millions of dollars in Washington to help push the legislation across the finish line. “No one is going to bow down to this guy,” Dimon said, before adding that Armstrong is “full of sh–.” Dimon made similar remarks about the Coinbase executive earlier this year at the World Economic Forum in Davos, Switzerland.
Dimon said he supports blockchain technology and sees utility in stablecoins for use cases such as cross-border payments. However, he expressed concern about how the Clarity Act currently addresses the fiat-pegged tokens. “It’s complicated. The government needs to do it thoughtfully. If they don’t do it thoughtfully, it will be a huge problem,” Dimon said.
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[The Block]
Bitcoin mining difficulty increased by 1.72% to 138.96 T
CloverPool data shows that the Bitcoin mining difficulty was adjusted today at 18:29 at block height 951,552, with the mining difficulty increasing by 1.72% to 138.96 T.
The current average hashrate of the entire network in the last seven days is 1.02 ZH/s.
[Odaily]
WTI crude oil is declining in the short term, currently trading at $89.05 per barrel, down 2.21%.
According to Gate data, WTI crude oil continued to decline in the short term, now trading at $89.05/barrel, a decrease of 2.21%; Brent crude oil is now down 2.5%. U.S. bonds continued their gains, and the U.S. dollar index DXY fell to an intraday low, now trading at 98.8.
Spot gold rose briefly, touching $4560/ounce, up 1.43% on the day. New York gold futures stood at $4600/ounce, up 1.49% on the day.
Earlier, Trump said that Iran must agree to never possess nuclear weapons. The Strait of Hormuz must be opened immediately, with unobstructed two-way passage and no tolls. All mines must be cleared.
[Odaily]
CFTC says some derivatives markets may not suit 24/7 trading
The CFTC has warned regulated derivatives platforms that round-the-clock trading may suit crypto-native markets but may not work safely across every traditional asset class. The CFTC said in a Friday advisory that exchanges and clearinghouses should carefully assess products before extending trading and clearing to a 24/7 model.
The agency said some markets can support constant access because newer trading systems use blockchain networks, decentralized infrastructure, crypto collateral, stablecoins, and mobile platforms. The warning came as the agency also allowed CFTC-regulated crypto platforms to offer perpetual futures and global options. Coinbase said in a Friday blog post that the approval lets one of its regulated affiliates add the largest and most liquid category of global crypto trading to its existing 24-hour platform.
According to the advisory, the agency does not view all markets the same way regarding permanent trading hours. The CFTC said agricultural derivatives may face different limits because of their customer base, regional structure, and specialized hedging practices. The agency said some products could face thinner liquidity during off-peak hours. Under those conditions, the CFTC said markets may experience greater price swings, wider bid-ask spreads, and greater exposure to manipulation.
Under CFTC rules, trading platforms remain the first line of defense against market abuse. The agency said firms that expand trading hours should add compliance controls tailored to the risks posed by constant access. In its letter, the CFTC urged regulated exchanges and clearing organizations to speak with the agency before making major changes to trading schedules. The advisory framed those discussions as part of the agency’s oversight role, especially as market structures around crypto products change.
CFTC Chairman Mike Selig has made crypto, prediction markets, and new trading technology central issues at the agency. Under his leadership, the regulator has made several crypto policy decisions as the Trump administration pushes federal agencies to provide the digital asset industry with a clearer path. Coinbase said its platform already supports 24/7 trading across equities, futures and prediction markets. The company said the new approval adds crypto perpetuals and global options to that lineup through a CFTC-regulated affiliate.
The same policy environment has also affected older enforcement cases. As previously covered by crypto.news, the CFTC moved to scrap its $5 million settlement with Gemini after deciding the case should not have been brought under the agency’s current standards. According to a joint motion filed Wednesday in Manhattan federal court, the CFTC and Gemini asked a judge to vacate the January 2025 consent order. The order had resolved allegations linked to Gemini’s proposed Bitcoin futures contract.
The request shows how the agency’s current leadership is reviewing past crypto actions while opening more room for regulated digital asset products. The CFTC is prepared to allow 24-hour crypto markets, but it wants traditional derivatives platforms to prove that constant trading will not weaken market oversight.
Sui mainnet resumes operation, confirms both outages stemmed from the same software defect
The Sui mainnet has resumed normal operation, with transaction processing and network activity restored. According to official disclosures, the two network outages that occurred this time and the previous day were both related to the interaction between the “Address Balances” function introduced in the 1.72 version upgrade and the Gas billing logic.
The Sui core team stated that the repair solution deployed yesterday was only a temporary measure aimed at quickly restoring network operation, but the solution had a known and low-probability risk of downtime. Today, the network triggered a variant of the known issue, causing the mainnet to pause again.
Currently, validators have completed the deployment of a long-term fix. Officials say that the known issues caused by the original vulnerability have been completely resolved, and the network has returned to normal operation.
[PANews]
Yi Lihua: Opportunities and trends are the core factors in investment; it is normal for capital to flow into AI.
Liquid Capital founder Yi Lihua posted on the X platform: The crypto circle has always been characterized by short bull markets and long bear markets. Having experienced multiple cycles, people have naturally become accustomed to it, and this round is no different.
However, AI is indeed too disruptive, and it is normal for people in the crypto circle to flock to AI. Opportunity and trend are the core factors of investment.
[Odaily]
SEC Chair Atkins reaffirms the “U.S. Crypto Capital” strategy and will advance reforms in on-chain capital markets.
On May 30, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated during his speech at the 2026 Reagan National Economic Forum that the SEC is comprehensively adjusting its regulatory framework to implement the Trump administration’s goal of making the U.S. the global crypto capital.
Atkins revealed that the SEC has launched “Project Crypto” and is working with the Commodity Futures Trading Commission to promote on-chain markets. This initiative aims to clarify the classification of digital asset securities.
Additionally, the commission is researching innovative exemption mechanisms for tokenized securities and regulatory rules for on-chain trading systems.
[PANews]
Today’s Market Pulse
The crypto market navigates a pivotal moment as traditional finance pushes back against crypto regulations while U.S. authorities pivot toward embracing digital assets as strategic economic drivers.
Key Themes
Regulatory Realignment
JPMorgan’s Jamie Dimon is actively opposing the Clarity Act, arguing it fails to provide adequate protections for traditional financial institutions, while SEC Chair Atkins doubles down on making the U.S. the “global crypto capital” through “Project Crypto.” This tug-of-war between established financial institutions and crypto-friendly regulators will shape the industry’s near-term landscape, potentially creating opportunities for well-positioned firms that can navigate the evolving compliance requirements.
Network Health & Economics
Bitcoin’s mining difficulty increased by 1.72% to 138.96 T, reflecting continued network expansion and hashrate growth. This trend, combined with the $181 million in total contract liquidations across the network, suggests we’re entering a period where only the most efficient miners and well-capitalized trading operations will thrive as profit margins tighten across the ecosystem.
Capital Flow Dynamics
Liquid Capital founder Yi Lihua observes normal capital flowing from crypto to AI sectors, indicating the ongoing reallocation of investor attention. While crypto remains characterized by short bull markets and long bear cycles, the institutional narrative is shifting as evidenced by regulatory moves and traditional finance’s increased – albeit often reluctant – involvement in the space.
RichSilo Verdict
Smart money should focus on regulatory implementation details rather than headlines, particularly the final form of the Clarity Act and SEC’s tokenized securities framework. The mining difficulty trend and liquidation patterns signal network consolidation, while the Sui network’s technical issues highlight scalability challenges. Monitor which traditional institutions actually engage with crypto beyond rhetorical opposition, as this will determine the sector’s institutional adoption trajectory and long-term viability.
