Wu says it's a daily choice of encrypted news + macro-indicator this week

1. Bitmine ranking Russell 1000 Initial inclusion

Mr. Thomas Lee, Chairman of Bitmine, commented that FTSE Russell had issued an initial listing and graduation, and that Bitmine (BMNR) was initially listed as a large stock, Russell 1000, whose market value was above the $5.7 billion threshold required for large stock inclusion. According to Thomas Lee, many active management funds buy only Russell 1,000 shares, and it is estimated that 20 to 25 per cent of the market value of a single equity is usually held by passive index funds or ETF。

2. Vitalik: EF will shift to smaller and clearer responsibilities, focusing on overcoming censorship, privacy and security attributes

Vitalik Buterin states that the future of Egypt Foundation (EF) will shift to a smaller, longer-termist, more well-positioned organizational form that no longer serves as a “centre” of the ecology of the Taifung, but focuses on the core directions of censorship, openness, privacy and security. According to Vitalik, instead of simply pursuing TPS and low delays, the ETA should create differential advantages in terms of consensus security, formalization certification, and reducing reliance on intermediaries. He also revealed that about 90 per cent of his net assets were still ETH and that the remaining approximately $40 million in French-link funds had been fully invested in open-source research and technology projects. In addition, Vitalik claims that current smart contract wallets and privacy agreements rely heavily on third-party trans-nodes, and is therefore pushing forward proposals such as FOCIL, EIP-8141, EIP-7701 to reconstruct the public trading memory pool and directly link the trading point。

Coinbase CEO: The financial system still needs to complete eight major upgrades, such as the monetization of RWA

According to Coinbase CEO Brian Armstrong, the financial system still needs to complete eight major upgrades, including RWA monetization, 7x24 global transactions, stable currency payments, AI-driven financial services, self-custody wallets and innovative and friendly regulation. It stated that the future financial system would be more global, chained and automated。

4. Tether and the Government of Georgia plan to launch the Lari Stabilisation Currency GEL₮

Tether announced a plan to introduce, with the support of the Government of Georgia, an anchored Georgian Rari stability currency, GEL, to reduce transaction costs, achieve near real-time settlement, programmable payments and the flow of digital financial values. The Georgian side has advanced the development of a regulatory framework for digital assets and stable currencies, covering the requirements of reserve management, foreclosures, issuer oversight and anti-money-laundering compliance, and has sought substantive compatibility with emerging United States stable currency regulation, including GENIUS Act。

5. Socket Disclosure of TrapDoor Supply Chain Attacks involving npm, PyPI and Crates.io

The Socket research team published an article in which it found an active encryption stealer supply chain attack, named TrapDoor, across the npm, PyPI and Crates io, involving over 34 malicious packages and more than 384 related versions and works, targeting encryption, DeFi, Solana, Sui, Move and AI developers. Socket states that the relevant malicious packages can steal the developer's keys, encrypted wallets, SSH keys, cloud documents, browser data, environmental variables and API keys, and run through npm's postinstall hooks, PyPI imports, and so on。

6. WU SAYS MACRO-INDICATORS AND ANALYSES THIS WEEK: PROGRESS IN US-IRAQ NEGOTIATIONS, US PCE

Summary

LAST WEEK TRUMP STATED THAT THE NEGOTIATIONS FOR A PEACE AGREEMENT BETWEEN THE US AND IRAN WERE “GENERALLY COMPLETE”, AND THE MINUTES OF THE FED’S FOMC MEETING SHOWED THAT MOST OFFICIALS EXPECTED INFLATION TO FALL TO 2 PER CENT FOR A LONGER PERIOD OF TIME, IF NECESSARY OR FURTHER TIGHTENING OF POLICIES, AND THAT THE BRITISH-WEDDARD FINANCIALS WERE HIGHER THAN EXPECTED; THIS WEEK’S FOCUS WAS ON THE FOLLOW-UP TO THE US-IRAQ NEGOTIATIONS AND THE US PCE IN APRIL。

Last week

• The President of the United States, Donald Trump, has stated that negotiations for a peace agreement with Iran are “generally complete” and still await finalization by the United States, Iran and other interested countries, and he plans to announce the agreement soon to reopen the Strait of Hormuz. The Iranian side had previously indicated that negotiations with the United States on a peace agreement were progressing and that the focus was now on ensuring that cross-fire was stopped on all fronts and that other major contentious issues would be resolved in the follow-up phase。
• FOMC PROCEEDINGS: MOST OFFICIALS EXPECT INFLATION TO FALL BACK TO 2 PER CENT FOR A LONGER PERIOD OF TIME, IF NECESSARY OR FURTHER TIGHTENING OF POLICIES。
• Federal Reserve Councillor Waller has stated that the increase in energy prices caused by the Middle East conflict is pushing US inflation, supporting the removal of the term “laxist” from future policy statements, and emphasizing that interest-rate reductions have tended to balance the probability of higher rates. It claims that the expected signs of inflation becoming out of control do not preclude future interest rate hikes, but is now more inclined to maintain interest rates and observe data changes. According to Nick Timiraos, a recent statement by Federal Reserve Board member Waller is generally hawks。
• In the United States, by the beginning of the week of May 16, the number of people requesting unemployment benefits was 20.09 million, with an expected 210,000, with the previous value revised from 211,000 to 212,000。
• NVIDIA announced the performance of the first quarter of the financial year 2027, with an increase of 85 per cent to $81.6 billion over the same period, which is higher than market expectations; the adjusted yield per share was $1.87, or 140 per cent over the same period. Of this total, data centre operating income increased from 92 per cent to $75.2 billion and network operating income from 199 to $14.8 billion over the same period. The company expects to collect approximately $91 billion in the second quarter, floating up and down 2 per cent, also above market expectations. On the financial front, quarterly free cash flows amounted to $48.6 billion, while NVIDIA stated that infrastructure development was still advancing at an accelerated pace and that Argentina AI had begun to create real value in the business landscape. I don't knowlink

focus event & indicators for the week

25 May

• Progress on the situation in the negotiations between the United States and Iraq

27 May

• Speaker of the Central Bank of Japan, Shida and Men, addressed a monetary policy conference hosted by the Central Bank of Japan (08:00)

28 May

• The ECB published the proceedings of the April monetary policy meeting (19:30)
• Number of people in the United States who received unemployment benefits at the beginning of the week of May 23, in thousands (20:30)
• UNITED STATES CORE PCE PRICE INDEX ANNUAL RATE IN APRIL (20:30)
• REAL ANNUALIZED QUARTERLY REVISION OF US GDP IN THE FIRST QUARTER (20:30)

31 May

• CHINA OFFICIAL MANUFACTURING IN MAY PMI (09:30)