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On May 25, OCBC Bank stated in a report that the market may be reluctant to aggressively eliminate geopolitical premiums, especially with liquidity thinning during the holiday period. The bank noted that, buoyed by hopes of a thaw in US-Iran relations, risk asset alternatives are expected to strengthen at the start of this week. However, the foreign exchange market may hesitate to chase gains due to the unclear details surrounding Iran's nuclear program and uranium enrichment. High-beta currencies such as the Australian dollar, South Korean won, and New Taiwan dollar may rise, while the Indian rupee, Indonesian rupiah, and Philippine peso may lag behind. Nevertheless, oil remains a key swing factor, as confirmed agreements and weak oil prices could drag down yields and the dollar.

BlockBeats reported that on May 25, Polkadot tweeted that Polkadot OpenGov is voting on a major adjustment to the network staking architecture. Referendum 1890 proposes that Polkadot validators must stake at least 10,000 DOT of their own funds as self-stake. This reform is a mandatory prerequisite for the next major staking upgrade. The upgrade includes removing the slashing risk borne by nominators, and reducing the unbonding period from about 28 days to approximately 24 to 48 hours. If the proposal passes, validators will directly assume the slashing risk through a higher self-bonded exposure, while nominators can continue to earn staking rewards without exposing their principal to slashing risk, thereby lowering participation risk and enabling a quicker exit.

(1) The Indian government has approved the export of 8,606 tonnes of raw sugar to the United States. (2) According to a notification from the Directorate General of Foreign Trade (DGFT), under the Tariff Rate Quota (TRQ) scheme, the quota for exporting 8,606 metric tonnes of raw cane sugar to the United States from October 1, 2025, to September 30, 2026, has been confirmed. (3) Generally, the ban on the export of raw sugar from India will remain in effect until September 30, 2026.