News

7:00 (UTC+8) - 12:00 (UTC+8) Keywords: Aave, STRCx, MegaETH, tariff1. The US government reportedly plans to appeal the tariff refund ruling;2. Aave released a review of the rsETH incident on April 18;3. Strategy perpetual preferred stock STRCx has been launched on Kamino;4. Trump: If the US and Iran cannot reach an agreement, the "Department of War" will intervene;5. US media: Trump tightens the terms for an agreement with Iran, revision proposals have been submitted to Iran;6. US media: Trump's revision proposals for the US-Iran agreement involve nuclear material procurement and the Strait of Hormuz;7. MegaETH: Points settlement has been completed and the reward wallet registration is now open; after June 10th, the claim information will be locked.

```htmlGolden Ten Data reported on May 31 that according to the PMI survey and release by the China Federation of Logistics & Purchasing Steel Logistics Professional Committee, the steel industry PMI for May 2026 was 47.9%, down 1.3 percentage points from the previous month, indicating a slowdown in the steel industry’s operations. Sub-indexes show that after entering May, the off-season characteristics of the steel industry have become apparent, demand has softened, supply remains weak, the destocking speed of finished products has slowed down, and the prices of raw materials and steel continue to rise. It is expected that in June, the steel industry will continue to face downward pressure, demand will show an off-season pattern, steel mills will face greater production contraction pressure, the upward momentum of raw material prices will ease from high levels, and the drivers for steel price increases will also weaken.```

BlockBeats news, May 31, in May, Bitcoin and Ethereum are likely to end the month with a bearish candle. As of press time, Bitcoin's monthly line is down 2.81%, while Ethereum is down 9.98%. Looking ahead to June, the crypto market is still not optimistic. On one hand, the once-every-four-years World Cup will officially kick off on June 11. The already weak market will struggle to survive as funds and attention are diverted to US stocks, AI, and the World Cup. At that time, US stocks and Polymarket will become the main destinations for capital and attention in the market. On the other hand, historical data shows that the average return of the crypto market in June is negative. The average return for Bitcoin is -0.14%, and for Ethereum, it is -6.85%. In summary, it is difficult to expect a strong performance from the crypto market during the bear cycle in June. Reverse-trend coins represented by HYPE, BNB, and ZEC may present some local opportunities.