Judge’s Customs Duties Ruling to be Reversed
White House National Economic Council Director Hassett said the Trump administration has many options on the tariffs. Hassett said the court’s ruling on tariffs would not affect ongoing trade agreements and expressed confidence that the appeals process would be successful. More trade deals are expected in the coming weeks. As of last week, there were reportedly three deals ready for Trump’s approval.
Deribit: $11.7 Billion Bitcoin and Ethereum Options Expire on May 30
According to Deribit’s statement, crypto options with a total notional value of $11.7 billion will expire on May 30 at 16:00. Of this amount, $10.03 billion belongs to Bitcoin and $1.67 billion to Ethereum options.
- Bitcoin Put/Call ratio: 0.87
- Max Pain $100,000
- Ethereum Put/Call ratio: 0.83
- Max Pain 2,300 dollars
US Government Holds $20.4 Billion in Bitcoin and $493 Million in Other Crypto Assets
According to The Washington Post, US President Trump has instructed the Treasury Department to establish a “Strategic Bitcoin Reserve” and an “American Digital Asset Reserve”. These reserves consist of cryptocurrencies that the government has seized from criminal activity or through legal proceedings. As of May 28, the US government held approximately $20.4 billion worth of Bitcoin and $493 million worth of other digital assets, according to Chainalysis.
Joseph Lubin Ethereum is the Infrastructure for Rebuilding the Modern Financial System
Consensys founder and Ethereum co-founder Joseph Lubin wrote in the Financial Times that the current financial system faces structural pressures such as a crisis of confidence, high inflation and accumulated debt. Lubin argued that blockchain networks like Ethereum could do for the financial world what HTTP did for the internet in the 1990s. The goal is not to eliminate traditional banks or fiat money, but to create an open financial architecture that can work with them, and this system has been adopted by institutions such as BlackRock and JPMorgan.
DeepSeek-R1-0528 Model Released: JSON Output and Function Call Support Arrived
DeepSeek has announced the release of a new model release, DeepSeek-R1-0528. This release offers stronger base performance, improved front-end capabilities, reduced hallucination rate, and support for JSON output and function calls. While the API interface remained the same, the model weights were shared open-source.
Russia Authorizes Banks to Offer Crypto Products to Accredited Investors
The Central Bank of Russia has authorized accredited investors to offer crypto-based financial products. Russian banks will now be able to legally offer products such as crypto derivatives, securities and other digital financial assets linked to crypto prices to qualified investors. The announcement was made on May 28.
US, Unemployment Benefit Claims Announced
Announced: 240K
Expectation:229K
Previous 226K
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
