#Gate广场五月交易分享 Today's Core Briefing
1. 64k traders liquidated in the past 24 hours, totaling $153 million, with bears dominating
According to Coinglass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $111 million, including $78.14 million in long positions and $32.70 million in short positions. BTC liquidations totaled $18.34 million, ETH $17.46 million, SOL $4.08 million. A total of 67,756 people were liquidated in the past 24 hours, mainly during Bitcoin's follow-through with oil and geopolitical volatility, as market trading logic was abruptly rewritten.
Market impact: Negative
Impacted tokens: BTC, ETH, SOL, major altcoins
Deduplication check: No large liquidation events reported yesterday; this is a new event today
2. CME Group announces launch of 24/7 cryptocurrency futures and options trading on May 29
Derivatives exchange CME Group announced it will begin offering 24/7 cryptocurrency futures and options trading starting May 29, 2026, pending regulatory approval.
Tim McCourt, head of global equities, FX, and alternative products at CME Group, stated that client demand for risk management in digital asset markets has reached an all-time high, leading to a record $3 trillion in nominal trading volume for cryptocurrency futures and options in 2025. In 2026, CME’s cryptocurrency futures and options trading volume continues to hit new highs, with daily trading volume reaching 407,200 contracts, up 46% year-over-year, and an average of 335,400 open contracts per day, up 7% year-over-year.
Market impact: Positive
Impacted tokens: BTC, ETH
Major crypto index deduplication check: No reports yesterday on CME 24/7 trading progress; this is a new regulatory and traditional finance development
3. U.S. strategic Bitcoin reserve discussions accelerate, potentially becoming a sovereign-level macro reserve tool
Discussions within the U.S. government to establish a Strategic Bitcoin Reserve (SBR) are accelerating, possibly aligning with the country’s strategic petroleum reserve. The proposal would authorize the U.S. to hold confiscated Bitcoin—and potentially conduct direct open-market purchases—as a permanent store of value. Sources say current holdings stem from seized assets like 'Silk Road' funds (about 205,000 BTC), which could form the reserve’s seed. Supporters argue that, similar to stockpiling oil to hedge supply shocks, Bitcoin reserves could hedge against dollar devaluation, rising inflation, and de-dollarization trends in rival nations.
Market impact: Positive
Impacted tokens: BTC
Deduplication check: Yesterday reported Strategy to increase holdings by $21 billion; today’s 'U.S. Strategic Bitcoin Reserve' is a different level of sovereign-level discussion, representing new progress
4. Strait of Hormuz risk intensifies, global asset correlation increases, Bitcoin follows oil price fluctuations
The risk in the Strait of Hormuz, a critical waterway, is rising, with nearly one-fifth of global oil shipments passing through here. If the passage becomes unstable, market pricing will shift first. Over the past two weeks, Brent and WTI crude oil prices have both risen over 25%, a significant move driven by physical oil transportation and geopolitical conflicts. ConocoPhillips executives mentioned in a conference call that starting in June, countries dependent on imports may face severe shortages. Bitcoin’s recent rebound is intriguing; it has often been seen as an amplifier of Nasdaq, but this time it’s moving with oil prices and geopolitical signals, indicating a changing market perception—sometimes seen as a liquidity safe haven and inflation hedge.
Market impact: Neutral to slightly positive
Impacted tokens: BTC, major cryptocurrencies
Deduplication check: No reports yesterday on US-Iran negotiations; today’s analysis from a macro perspective on 'global asset linkage' and 'geopolitical risk transmission' is an in-depth and new perspective
5. AI cryptocurrency TAO becomes today’s top trending asset, attention to AI + blockchain integration increases
According to Bn Square trend data, TAO (Bittensor) ranks first among today’s hot crypto trends, followed by PENGU, CFG, FET, ETH, BTC, etc. TAO, as an AI decentralized network token, has recently attracted high market attention. Meanwhile, AI-related cryptocurrencies like FET are also trending at the forefront. This reflects a growing market focus on the fusion of AI and blockchain technology, with AI cryptocurrencies becoming one of the current market hotspots. AI + blockchain is considered a key narrative for the next bull market, with related projects gaining funding and traffic.
Market impact: Positive
Impacted tokens: TAO, FET, AGIX, other AI-related cryptocurrencies
Deduplication check: No reports yesterday on AI cryptocurrency trends; this is a new market hotspot today
