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BlockBeats News, May 27th, on the surface, the market is trading amid a perceived easing of the Middle East situation and a gradual resumption of the Hormuz shipping, but in reality, anxiety over war, energy, and global liquidity remains unresolved. In the past 24 hours, about 4 million barrels of non-sanctioned crude oil have passed through the Strait of Hormuz, indicating that some energy transportation is returning to normal. However, both the U.S. and Iran continue to engage in military friction near the strait, representing a "tenuous ceasefire" phase. The biggest issue now is not just whether the war will end, but even if an agreement is reached, the subsequent impact of Middle East risks on global energy, inflation, and interest rates may continue for months or even longer. This is why the market's response to peace messages has been increasingly tepid. From Iran's demand to unfreeze $240 billion of overseas funds to the U.S.'s insistence on addressing issues related to high-enriched uranium and sanctions, there remains a significant gap in core interests between the two sides, and the market remains highly skeptical of a "genuine comprehensive reconciliation." On the other hand, although energy prices have fallen from wartime highs recently, the market has gradually come to accept that even if the Hormuz Strait reopens, the energy supply chain and inflationary pressures will not immediately return to pre-war status. Asset performance has also begun to reflect this conflicting sentiment. On one hand, U.S. tech and AI stocks continue to boost the valuation of risk assets, with Micron's year-to-date gains exceeding 200%. On the other hand, concerns over gold exports, bauxite regulation, and energy supply risks are resurfacing, indicating that global supply chains and resource competition are intensifying simultaneously. The market is currently trading along two main themes: "AI Capital Expenditure Expansion" and "Global Resource Re-inflation." As for the crypto market, looking at the liquidation heatmap, BTC still has a significant concentration of short liquidation liquidity around 78,000 to 78,200, while there are noticeable long liquidation zones near 75,500 and 74,800. ETH has accumulated a large amount of short liquidation liquidity around 2,150, with a key short-term support zone forming around 2,050. This indicates that the market is still in a typical "news-driven + high-leverage game" structure, where any significant fluctuation in the Middle East situation, interest rate expectations, or energy prices could quickly trigger a chain of liquidations. Overall, the biggest risk in the global market right now is not just the war itself, but that global assets are simultaneously facing a scenario of "high valuation, high interest rates, and high geopolitical risk."

BlockBeats News, May 27th - Former Ethereum developer Max Resnick criticized in a post that a large number of on-chain "metrics" in the crypto industry are essentially a "scam", aiming to induce VCs to continue investing more funds into the industry. He specifically called out data related to Restaking, stating that "the same ETH is counted at least 10 times", and questioned the definition of metrics on many on-chain data platforms, saying, "Every time you carefully study how these websites calculate their metrics, you will find that they are either calculated incorrectly or meaningless, and cannot truly measure the data they claim to represent." Max Resnick also pointed out that the current performance of the cryptocurrency lending sector data continues to deteriorate, and stated that if the industry cannot face the reality and address the issues honestly, "the situation will only get worse." He believes that "the first step in solving a problem is to acknowledge that it is a problem." Previously, on December 10, 2024, Ethereum ecosystem developer Max Resnick stated in a post that he had quit his job at Consensys and moved to Anza, a Solana development company.

According to ChainCatcher, citing BBX data, yesterday (May 26) the largest listed Ethereum companies disclosed their latest SEC filings. Strive's weekly increase of 1,109 BTC remains stable, and the SATA financing flywheel continues to operate. Key highlights are as follows: Bitmine Immersion Technologies, Inc. (NYSE: $BMNR) submitted a Form 8-K to the SEC on May 26, disclosing that as of that day, the company held 5.39 million ETH (accounting for 4.47% of total ETH circulating supply, with a target of 5%, and currently 89% completed). The combined total of digital assets, cash, and strategic equity investments is about $12.3 billion; among which, 4,712,917 ETH have been staked (valued at $2,134 per ETH, approximately $10.1 billion), and the 7-day annualized staking yield is 2.75%. Calculated at full staking, the projected annual yield is around $276 million. The company's proprietary validator node platform, MAVAN, has also opened staking services to external institutions. Chairman Tom Lee stated that if ETH closes above $2,100 at the end of May, it will be the first time the monthly candle shows three consecutive positive months, "which has never happened in a crypto bear market." The 5-day average daily turnover of $BMNR is about $572 million, ranking as the 193rd most actively traded stock in the U.S. Strive, Inc. (NASDAQ: ASST) disclosed in its 8-K filing on May 26 the asset changes from May 18-22: BTC holdings increased from 15,391 to 16,500 (net increase of 1,109), cash grew from $87.3 million to $93.3 million (+$6 million), STRC holdings increased from $49.8 million to $50.1 million. During the same period, Class A common stock increased by about 2.23 million shares (from the exercise and conversion of SATA preferred shares), and the total number of SATA preferred shares grew by about 515,000. Strive mainly uses the issuance of SATA preferred shares as its primary financing tool, continuing the systematic accumulation of BTC; since 2026, BTC Yield is about 18.4% (as of May 19).