1. The number of Americans applying for unemployment benefits in the week was 209,000, lower than the expected 210,000

For the week ending May 16, the number of initial unemployment claims in the U.S. was 209,000, lower than the expected 210,000, with the previous value revised from 211,000 to 212,000. AI interpretation: The number of initial unemployment claims being lower than expected shows the resilience of the labor market, further solidifying the foundation of economic recovery. This data will alleviate market concerns about an economic slowdown and enhance confidence in the Federal Reserve's decision to maintain interest rate policies. Overall, the decline in unemployment claims will have a positive impact on consumer spending and economic growth.   -Original

2. The final draft of the U.S.-Iran agreement has been reached, expected to be announced within hours

According to the Iranian Labour News Agency (ILNA) citing Arab Satellite Television, the final draft of the U.S.-Iran agreement has been reached with mediation from Pakistan, and it is expected to be announced within hours. The draft includes a comprehensive ceasefire, protection of infrastructure, ensuring freedom of navigation in the Persian Gulf and the Strait of Hormuz, gradual lifting of sanctions on Iran, and starting negotiations on unresolved issues within seven days.   -Original

3. Spot gold falls below $4,490 per ounce, down 1.18% on the day

4. Mark Cuban states he has sold most of his Bitcoin, claims Bitcoin has lost direction

Mark Cuban stated he has sold "most" of his Bitcoin and claimed that "Bitcoin has lost its direction."   -Original

5. Blockchain.com secretly submits U.S. IPO application, valuation approximately $20 billion (down from peak of $14 billion in 2022)

According to Bloomberg, Blockchain.com has secretly submitted a U.S. IPO application, and its valuation has shrunk from a peak of $14 billion in 2022 to approximately $20 billion.   -Original

6. DDC increases its holdings of Bitcoin by 200, total holdings reach 2,583, entering the top 30 listed companies

DDC Enterprise Limited, a company listed on the New York Stock Exchange, announced it increased its holdings of Bitcoin by 200, raising its total holdings to 2,583, with an average purchase cost of about $79,500 per coin. This increase did not involve new shares issuance, and the holding per 1,000 shares of Bitcoin increased by 8.4%, to 0.0543 coins. The company disclosed that the return on Bitcoin since the beginning of the year has reached 36.6%, and its current holding scale ranks it among the top 30 publicly listed companies globally, and it plans to continue increasing its holdings in the future, depending on liquidity and the condition of its balance sheet.   -Original

7. Kraken receives regulatory approval from Dubai VARA

Kraken has received regulatory approval from the Virtual Assets Regulatory Authority (VARA) in Dubai, UAE.   -Original

8. HYPE breaks through historical high at $59.42, up over 20% in 24 hours

 

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