CME FedWatch: Fed Rate Hike Probability for the Year Falls to 48%

On Friday, May 31, the Hyperliquid ETF notched a record single-day net inflow of $29.6 million. The breakdown of this total is as follows: BHYP recorded a net inflow of $20.1 million, while THYP posted a net inflow of $9.5 million. The fund has now logged net inflows for 13 consecutive trading days, bringing its cumulative total inflows to $136 million. This continuous flow of funds has boosted HYPE’s performance. Per HTX market data, HYPE has surged over 70% in the past 30 days and is currently trading at $68.3.

May 31: MiniMax Group Inc. announced its board of directors has approved exploring a preliminary proposal to issue Renminbi-denominated shares. The effort may involve entering into agreements with professional advisors and consulting relevant securities or other regulatory agencies. The company has already engaged professional advisors to guide it in meeting listing requirements for the Sci-Tech Innovation Board and has signed an advisory agreement. The issuance of Renminbi-denominated shares is contingent on market conditions and obtaining all necessary regulatory approvals.

### FLASH: May 31 Bitcoin Market Update Selling pressure on Bitcoin spot ETFs continues to mount. Following a $12.6 billion net outflow last week, Bitcoin spot ETFs saw another $14.2 billion in net outflows this week, briefly pulling BTC down to $72,500. However, on-chain and market data show some funds are starting to buy the dip around $70,000. Spot market buying has absorbed a portion of the selling pressure and provided price support, though buying volume remains insufficient to reverse the current downtrend. Derivatives market data adds that traders added roughly $300 million in long leveraged positions in the $73,000 to $74,000 range, signaling some investors are betting on a price rebound. Additionally, the order book depth ratio has turned positive, meaning the market views BTC as attractive below $75,000. To push Bitcoin back into an uptrend, the market still needs new catalysts, including progress in the U.S.-Iran peace agreement, a reversal of spot ETF net outflow

May 31: The probability that Bitcoin will hit $100,000 this year, as priced by prediction market Polymarket, has fallen to 33% — down from 49% on May 10. Separately, Polymarket currently places a 56% chance of BTC reaching $90,000 by year’s end, while the odds of it dropping to $50,000 stand at 42%.

On May 31, data from Defillama shows Polymarket generated $999,000 in revenue over the past 24 hours, edging out Pump.fun’s $848,000 to take the 5th spot among all DeFi protocols. The platform’s total revenue has now topped $60 million.

May 31 – Iranian Parliament Speaker Qalibaf stated in his opening address at the first session of the third year of the 12th parliament that diplomatic personnel have absolute distrust for the enemy’s words and promises. Iran’s sole criterion is objective, tangible results that must be achieved, and it will fulfill its commitments based on such results. The country will never approve any agreement until the legitimate rights of the Iranian people are fully protected. (CCTV News)