The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

Per Coinglass data, as of June 1, an analysis of Bitcoin’s June price movements across 13 occurrences since 2013 shows a near-even split: 7 months posted gains, while 6 ended in losses. The largest monthly surge in June happened in 2016, when Bitcoin’s price climbed 27.14%, while the steepest drop came in June 2022, with a 37.28% monthly decline. From 2013 to the present, Bitcoin has delivered an average June return of -0.14%, with a median return of 2.2%. Overall, June’s performance has underperformed most other months, marking it as one of Bitcoin’s worst-performing months in its history.

May 31, according to monitoring by GMGN [link: https://t.me/gmgnaibot?start=i_m4TE56o8], the meme token "Binance Life" has been on a continuous upward trajectory since last evening. The token surged an additional 21% overnight, lifting its market capitalization to a new all-time high of $598 million. As of press time, it is valued at $589 million, with a roughly 31% increase over the past 24 hours, and on-chain trading volume has reached $11 million. **BlockBeats Note:** Meme coins are highly volatile assets driven almost entirely by market sentiment and conceptual speculation, with no intrinsic value or practical utility. Investors should fully understand and account for the associated risks before engaging with such assets.

May 31 — Bitcoin held steady around $73,500 over the weekend. If it maintains that level, the world’s largest crypto will close out May with a roughly 3% monthly decline. Next week, key U.S. labor market data — including the ISM Manufacturing PMI, ADP Employment Report, and Non-Farm Payrolls — will serve as a major catalyst for risk assets, including Bitcoin. Andre Dragosch, Bitwise’s European Research Director, stated that if Bitcoin continues trading based on economic growth and risk appetite logic, it should reprice higher from current levels. Trader Rekt Capital pointed out that $73,000 is Bitcoin’s current key support level. A weekly close above this threshold would help confirm a double bottom breakout pattern and sustain the subsequent uptrend.

May 31 — The Cardano Foundation announced that its scheduled 2026 summit has been officially canceled, as an on-chain governance vote failed to hit the required two-thirds support threshold. Earlier, the foundation submitted a revised proposal requesting 7.8 million ADA (approximately $2 million) in treasury funds to host the October summit in Singapore. Though the measure earned 65.21% support from DRep stakers and backing from a majority of delegates, it did not meet the 66.67% approval threshold required for treasury funding proposals. Cardano founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard both publicly urged support for the proposal ahead of the voting deadline, but it ultimately failed to pass.

CNN reported on May 31 that officials said after meeting with his advisers Friday, Donald Trump revised the proposed deal with Iran, a move that will further extend the negotiation process. The specific changes Trump requested haven’t been made public, but officials noted the U.S. president is pushing for tougher language on two key points: Iran’s nuclear commitments, and a guarantee to reopen the Strait of Hormuz. He’s also raising concerns about the economic relief the agreement would provide to Iran. Separately, Trump has previously stated the U.S. would seize and destroy Iran’s stockpile of highly enriched uranium, emphasizing the deal would not include any financial exchanges. Iran, however, has indicated that current negotiations aren’t covering details of its nuclear program, and insists any final agreement must include financial arrangements. As both sides continue to haggle over the agreement’s wording, it’s still unclear how these disagreements will be resolved.

On May 31, data from Coinglass indicates that if Bitcoin breaks above the $75,000 level, total short liquidation intensity across major centralized crypto exchanges (CEXs) will reach $453 million. Conversely, if Bitcoin drops below $72,000, total long liquidation intensity on these major CEXs will hit $670 million. A clarification from BlockBeats: Liquidation charts do not show exact numbers of contracts to be liquidated or the precise value of contracts being liquidated. The bars on these charts instead represent the relative importance of each liquidation cluster compared to adjacent clusters—this metric is referred to as intensity here. In other words, the chart demonstrates the degree to which a given price level will impact the underlying asset when it is reached. A higher "liquidation bar" means hitting that price level will trigger a more intense reaction due to a liquidity cascade.