Iran Warns of Fierce Retaliation and Disruption of Regional Oil Exports If War Rekindles
On May 26, Sharqarlsh, a spokesman for Iran’s Armed Forces Chief of Staff, stated that Iran is prepared for war. He warned that if the U.S. and Israel launch a new attack, Iran’s response will be more intense and will involve new tactics. The spokesman also added that should war resume and Iran’s exports be banned, Iran will block oil shipments throughout the region. (CCTV News)
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Analysis: US Stock Market Short Interest Reaches Multi-Year High, Reaching the Highest Level Since 2012
As of May 26, short interest in the U.S. stock market has hit a multi-year peak. For the median S&P 500 stock, short interest now stands at 3.0% of its market capitalization—its highest level since 2012, and double the rate recorded during the 2020 pandemic. For context, during the 2008 financial crisis, the median S&P 500 stock’s short interest reached 3.8%.
Meanwhile, short interest among the top 10% of most-shorted stocks in the S&P 500 has climbed to 8.0% of market cap, marking its highest point since 2018. Both of these metrics are even higher than levels seen in the bear market that followed the 2000 dot-com bubble burst. This dynamic has the market on alert for a potential short squeeze: a scenario where a large number of short positions are forced to cover en masse, triggering a rapid, sharp upward move in prices in the near term.
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Asian Stocks Close Mixed, with South Korea's KOSPI Index Up 2.55%
May 26 — According to Bitget’s market data, Japan’s and South Korea’s stock markets finished mixed on May 26. The Nikkei 225 Index closed down 162.10 points, or 0.25%, to 64,996.09 points. South Korea’s KOSPI Index, meanwhile, jumped 199.8 points, a 2.55% gain, to end at 8,047.51 points.
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The total market capitalization of stablecoins has reached a new all-time high of $322 billion, surpassing the foreign exchange reserves of 95 countries.
As of May 26, a Coindesk report shows the total global stablecoin market capitalization has crossed $322 billion, reaching an all-time high. This size exceeds the official foreign exchange reserves of emerging economies like Poland, Thailand, and Mexico, as well as developed economies including the U.K., Canada, and the United Arab Emirates. Currently, only 14 economies—such as China, Japan, Russia, India, Taiwan, and Germany—hold foreign exchange reserves larger than the total stablecoin market cap.
Stablecoins have become a core pricing and settlement medium for cryptocurrency asset trading, letting users hedge against crypto price volatility without frequent conversions to fiat currency. In decentralized finance (DeFi) protocols, stablecoins serve as a fundamental settlement tool; in cross-border payments, their low cost and high efficiency make them a viable alternative for remittances in areas where traditional banking channels are inadequate or too expensive. A recent Bank for I
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Analyst: BTC Spot Trading Volume Plunges 81% Since October 2025, Bearish Signal and Reversal Opportunity Coexist
**Bitcoin Spot Trading Volume Falls to Bear-Market Lows, Last Seen in July 2023: Analyst**
May 26 — Crypto analyst Darkfost (@Darkfost_Coc) shared on social media that Bitcoin’s spot trading volume has dropped to levels typical of bear markets. The last time monthly spot volume hit this low was back in July 2023.
Even with the market cooling, Binance still leads the space with $36.4 billion in trading volume. But that’s a steep plunge from $198.6 billion in October 2025 — nearly a 5x drop. The slide isn’t isolated: Gate’s volume fell 79.6%, while Bybit’s trading activity decreased by 66%.
The trend largely reflects harsh macro conditions for risk assets like cryptocurrencies. Amid rising inflation and the ongoing U.S.-Iran conflict, investors are shifting toward commodities and traditional stock indexes rather than crypto.
But there’s a silver lining here. The drop in trading activity means selling pressure from the recent pullback is fading. Historically, the 2023 bear mark
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