Odaily reported, citing Fox News quoting U.S. government officials, that the deal with Iran will not be signed today, but we are making progress toward that goal. We reject any transit fees in the Strait of Hormuz, and this option is unacceptable to us. We have observed that Iran has made serious and unprecedented concessions on the uranium enrichment issue. If Iran is still enriching uranium in the final agreement, then it would not be considered a final agreement. (Jinshi Data)

Odaily Odaily reports that, according to the AXIOS website, a senior U.S. official stated in a briefing that the White House does not expect to conclude the war agreement with Iran by Sunday, believing that the agreement may take several days to gain approval from Iran's leadership, including the Supreme Leader. U.S. officials are optimistic that the agreement will be signed within days, but also acknowledge that it has not yet been finalized and could still fall through. The agreement would avoid an escalation of the war and ease pressure on global oil supplies, but it remains unclear whether a lasting peace deal can be reached and whether it will meet Donald Trump's nuclear requirements.

Trump said on social media on Sunday that he had told "representatives not to rush the agreement" and that "both sides must take the time to get things right." (Jin Shi)

Odaily Planet Daily News: According to a U.S. official cited by Axios, Iran’s Supreme Leader has approved the overall framework of the agreement. (Jin Shi)

Odaily reports that, according to the latest report from crypto lending platform Ledn, the global market for Bitcoin-backed consumer lending could grow nearly 300 times over the next decade, reaching $1 trillion, while a significant amount of potential demand remains untapped.

The report cites a survey conducted by consumer research firm Protocol Theory among 1,244 cryptocurrency holders in the United States and Australia. It shows that approximately 88% of respondents are willing to consider using crypto-backed loans or credit products, but only 14% have actually used such services, creating a so-called "6:1 interest-to-adoption gap."

Ledn estimates that the current global market size for Bitcoin-backed consumer lending is around $3 billion. In comparison, Galaxy Research previously estimated the entire crypto lending market peaked at $73.6 billion in the third quarter of 2025. Ledn co-founder Mauricio Di Bartolomeo stated: "The demand-side problem has been solved. What the industry is truly missing right now is the trust infrastructure that allows borrowers to build confidence."

The survey indicates that the core factors hindering user adoption of crypto-backed lending are not a lack of awareness, but concerns over price volatility, forced liquidation risks, and regulatory uncertainty. When choosing a lending platform, users prioritize platform reputation, custody security, transparency, and risk management over simple interest rates. The report argues that crypto-backed lending is essentially similar to "stock-backed financing" or "home equity loans" in traditional finance, allowing users to obtain liquidity without selling their long-term holdings. (CoinDesk)

Odaily reported that, according to Onchain Lens monitoring, the “1011 Insider Whale” agent Garrett Jin (0x92e...0e9) has increased his HYPE holdings to 144,183 tokens, worth $9.03 million. He still holds a 5x long position on BTC and a 3x short position on ZEC, with floating losses exceeding $1.8 million.

Odaily reported that Michael Saylor, founder and Executive Chairman of Bitcoin treasury company Strategy, posted on X platform, saying buy bonds this week, not Bitcoin, ₿itVac is charging.

According to an analysis by Greeks.live, Bitcoin's weekend rebound was fueled by news of US-Iran tensions. Core takeaway for this weekend's BTC options: Gamma constraints have weakened after the delivery, and the area around the $78.5K max pain point remains the key battleground for Bitcoin bulls and bears. In the short term, if BTC holds the $77K-$78K range, it is likely to continue oscillating with a bullish bias. If it breaks above $80K on strong volume, the Call side could reignite buying momentum. Short-term IV remains low. Given the strong expectation of near-term consolidation, it is more suitable to use Call Spreads / Put Spreads to control costs.

Odaily strategists warn that the possibility of central banks like the Federal Reserve raising interest rates rather than cutting them is growing.

Although there are concerns about war-induced inflation, there are signs that other factors are equally influencing long-term borrowing costs. In the United States, the so-called "real yield" after stripping out inflation has had a greater impact, suggesting that bond investors are worried about more than just the price pressures from the Iran war. Other drivers include: a potentially expanding public debt burden that is already large, the impact of the artificial intelligence investment boom, and the increasing possibility that central banks like the Federal Reserve will raise interest rates rather than cut them.

Strategists at ING, Goldman Sachs, and Barclays have all highlighted a common speculation: the recent rise in some long-term yields will not be completely reversed, even if oil price-driven inflation subsides. This means that even if the conflict ends, market borrowing costs could remain near multi-year highs, continuing to put pressure on governments and economies. (Jin Shi)

Odaily News As Ethereum continues to weaken, the unrealized book loss on ETH reserves held by Tom Lee's BitMine has expanded to approximately $7.35 billion. Data shows that ETH has fallen over 57% from its peak of around $4,955 in October 2025, and its market dominance (ETH Dominance) has declined from roughly 15% to about 10%.

BitMine initiated its ETH reserve strategy in July 2025, steadily increasing its holdings after completing a $250 million private placement. According to the latest data, the company currently holds approximately 5.28 million ETH, representing about 4.37% of Ethereum's total supply, making it the world's largest publicly traded ETH reserve company.

Despite the growing unrealized losses, Tom Lee remains committed to a long-term accumulation strategy. BitMine has stated it will moderately slow down the pace of its purchases but will not abandon its ETH reserve plan, aiming to hold 5% of Ethereum's total supply by December of this year.

However, technical risks continue to escalate. Analysis indicates that ETH is currently trading near the lower boundary of a classic bearish "rising wedge" pattern. If the support level is effectively broken, the price could potentially drop further towards the $1,600 range, representing a decline of approximately 25% from current levels. If this scenario materializes, based on BitMine's average holding cost of around $3,513, the unrealized loss on its ETH holdings could expand to roughly $10.1 billion.

Meanwhile, market sentiment continues to deteriorate. On-chain data platform Santiment shows that the ratio of bullish to bearish comments on social media regarding ETH has rapidly declined from over 2:1 at the end of April to nearly 1:1. Analysts suggest that an increasing number of traders are beginning to view ETH as "Dead Money" (an asset lacking upward momentum). (Cointelegraph)

Odaily News: U.S. President Trump stated that negotiations are proceeding in an orderly and constructive manner, and he has instructed his representatives not to rush into a deal because time is on our side. The (maritime) blockade will remain fully in effect until an agreement is reached, certified, and signed. Both sides must take their time to avoid any mistakes. (Jin Shi)

Odaily reported that Mohsen Rezaei, a military advisor to Iran's Supreme Leader, stated that Iran will make a "strong and unprecedented" response to any actions targeting the Strait of Hormuz or the entry of hostile forces into the Persian Gulf, and will launch countermeasures by breaking the maritime blockade. Rezaei also said that if the current situation persists, one of Iran's strategic options could be to withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons.

He stated that this move would bring "serious consequences" to the other side. On the 24th local time, Mohsen Rezaei, a military advisor to Iran's Supreme Leader, said that Iran will make a "strong and unprecedented" response to any actions targeting the Strait of Hormuz or the entry of hostile forces into the Persian Gulf, and will launch countermeasures by breaking the maritime blockade. Rezaei also said that if the current situation persists, one of Iran's strategic options could be to withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons. He stated that this move would bring "serious consequences" to the other side.

An advisor to Iran's Supreme Leader stated that Iran's management of the Strait of Hormuz has ended 50 years of insecurity in the Gulf region, and managing the Strait of Hormuz is Iran's "legitimate right" to ensure national security. (CCTV News)

Odaily reports that multiple blockchain and post-quantum cryptography researchers have warned that artificial intelligence (AI) is accelerating the development of quantum computing and could potentially impact the security systems of mainstream blockchains, including Bitcoin and Ethereum, earlier than anticipated.

Alex Pruden, CEO of Project Eleven, a firm focused on quantum-resistant infrastructure, stated that the combination of AI and quantum computing is fundamentally reshaping the future security landscape. "People will no longer be able to rely on existing security assumptions as they have in the past," he said.

Researchers point out that AI is already being used to optimize quantum error correction, which is one of the key technical bottlenecks in the development of quantum computing. Illia Polosukhin also noted that AI has been accelerating scientific breakthroughs for years, and in the future, there may even be a circular acceleration effect where "AI helps build the next generation of quantum computers."

One of the industry's biggest current concerns is the "Harvest Now, Decrypt Later" strategy, where governments or advanced attackers begin mass-collecting encrypted data now, waiting to decrypt it all at once once quantum computing matures. Polosukhin warned that if quantum computers become viable within a few years, "most of today's important data on the internet could be decrypted in the future."

Given that most blockchain networks and internet infrastructure currently rely on elliptic curve cryptography (ECC), a sufficiently powerful quantum computer could theoretically derive a private key from a public key, directly breaking wallets and on-chain systems. Simultaneously, AI itself is strengthening hacking capabilities. Pruden stated that AI models are becoming increasingly adept at discovering software vulnerabilities and cryptography implementation flaws, and may even be able to crack some encryption algorithms directly in the future.

However, AI is also being used by developers for code auditing, formal verification, and testing post-quantum security systems, creating a "long-term security arms race" with simultaneous upgrades on both the offensive and defensive sides. Researchers believe the most significant change brought by AI and quantum computing together is that the core assumption of "long-term cryptographic reliability" in the digital age is being challenged. Future security systems may shift from "static upgrades" to continuous dynamic evolution. (CoinDesk)

Odaily reported that U.S. Republican lawmakers are accelerating efforts to push forward a new version of the ARMA Act, aiming to have the bill signed into law while the party still controls both chambers of Congress. The bill proposes establishing a national Bitcoin reserve for the United States, with plans to hold approximately 5% of the global circulating supply of Bitcoin on a long-term basis. According to reports, Republicans are internally working to elevate the strategic Bitcoin reserve to the level of national financial and geopolitical competition, arguing that the U.S. should take a leading role in the global digital asset system. If the bill is ultimately passed, the U.S. government could become one of the largest holders of Bitcoin in the world, further reinforcing the narrative of BTC as "digital gold" and a sovereign reserve asset. (Bitcoin News)

Odaily reports that according to Onchain Lens monitoring, a whale has opened a 25x leveraged long position on GOLD, currently valued at $12.6 million. This whale also holds a 20x leveraged short position on crude oil, with floating profits exceeding $324,000.

Odaily reported that due to the Memorial Day holiday, the US stock market will be closed on Monday, May 25; trading of precious metals and US crude oil futures contracts on the Chicago Mercantile Exchange (CME) will end early at 02:30 Beijing time on May 26, while trading of US stock and Treasury futures contracts will end early at 01:00 Beijing time on May 26.

Due to the Buddha's Birthday holiday, the Hong Kong stock market will be closed on Monday, May 25, with southbound and northbound trading suspended; the South Korean stock market will also be closed the same day. Additionally, due to the Spring Bank Holiday, the UK stock market will be closed on Monday, May 25; trading of Brent crude oil futures contracts on the Intercontinental Exchange (ICE) will end early at 01:30 Beijing time on May 26. Investors are advised to take note. (Jinshi)

According to recordings from the public radio channel of ships near the Strait of Hormuz, the U.S. military continued to fire warning shots at vessels entering and exiting Iranian ports on the 24th, with the maritime blockade showing no signs of loosening. Audio provided by crew members on stranded ships near the strait revealed that the U.S. military fired warning shots at a vessel that same day, forcing it to remain in waters near Iran's Chabahar port.

London-based maritime analysis firm Windward reported on the 24th that despite rumors of a potential agreement between the U.S. and Iran, the traffic situation in the Strait of Hormuz has not changed significantly. Satellite imagery obtained by the company shows that large oil tankers remain anchored near Iranian islands such as Larak Island in the northern Strait of Hormuz or at key positions along the waterway, with only a few vessels—mostly small cargo ships—entering or exiting the strait. (Xinhua)