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BlockBeats News, May 28th. The core of the market continues to focus on "Resurgence of Inflation" and "Protracted Geopolitical Conflicts." Federal Reserve Governor Cook explicitly stated that if inflation does not cool down as expected, he will support further interest rate hikes, indicating an increasing tolerance within the FOMC for prolonged high rates. From energy prices and AI capital expenditure to global supply chain costs, the market is now starting to worry that a new round of inflationary pressure may be forming. Meanwhile, although the situation in the Middle East remains in talks, military conflicts have not been truly resolved. The US military once again carried out strikes against Iranian military targets, and drones continue to confront shipping around the Strait of Hormuz. Trump further emphasized that he will not ease sanctions on Iran and refused to let Iran control the strait. This means that even though the market is hoping for a "ceasefire" in the short term, energy supply chains and global shipping risks remain highly sensitive. On the other hand, funds in the US stock market continue to focus on the AI and semiconductor industries. SK Hynix's market capitalization has surpassed $1 trillion, and TSMC has announced a price increase for 3nm chips, demonstrating that AI demand is still driving up technology supply chain prices and capital expenditures. However, this has also raised concerns in the market that the AI boom itself is re-escalating global equipment, energy, and infrastructure costs, further adding to inflationary stickiness. In the crypto market, after BTC fell below $74,000, the market officially entered a deleveraging phase. Looking at the liquidation heat map, there is still significant liquidity accumulation at $75,800 and $77,800, forming a clear short-term pressure zone. If $70,000 cannot provide sufficient support, the market may still search for a new equilibrium zone to the downside. Against the backdrop of the Fed shifting back towards hawkishness, escalating geopolitical risks, and global liquidity tightening, the overall crypto market is still significantly influenced by macroeconomic and risk events.

VTB, Russia's Foreign Trade Bank, announced a net profit of 30.2 billion rubles for April, representing a year-on-year increase of 24.3%.

Swedish National Institute of Economic Research: Sweden's manufacturing confidence index was 100.5 points in May; Sweden's overall confidence index was 99.3 points in May