BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

May 25 This past weekend, U.S.-Iran nuclear talks made only limited progress, with both sides still holding major disagreements over the core issue of Iran’s nuclear program. The direction of related developments this week remains a key focus for market traders. On the macro front, a series of speeches from U.S. and Japanese central bank officials will take place next week, further clarifying the next phase of interest rate expectations: - Tuesday: 22:00 Beijing time, U.S. May Conference Board Consumer Confidence Index is released. - Wednesday: 08:00 Beijing time, Bank of Japan Governor Haruhiko Kuroda speaks at the BOJ’s Monetary Policy Meeting; at 20:15 Beijing time, U.S. ADP Employment Change (covering the period through May 9) is announced. - Thursday: 20:30 Beijing time, multiple key economic data points are published: Canada’s Q1 Current Account, U.S. Initial Jobless Claims (for the week ending May 23), U.S. April Core PCE Price Index (YoY and MoM), U.S. April Personal Spending (

May 25, data from on-chain analytics platform Onchain Lens shows that an address linked to Arthur Hayes withdrew 85,714 HYPE tokens, valued at about $5.37 million, from crypto exchange Bybit. Notably, on May 23, the same wallet associated with Arthur Hayes deposited 115,453 HYPE tokens (worth roughly $6.33 million) and 1.76 million AERO tokens (approximately $785,000) into Bybit. As a result, Arthur Hayes has only sold 29,739 HYPE tokens over the past three days.

On May 25th, two BTC wallets dormant for a year deposited 1,650 BTC to FalconX roughly six hours ago — a transfer worth about $127 million.

May 25 — President Trump faced fierce pushback from his Republican colleagues over the weekend for his efforts to work out a deal with Iran, with multiple lawmakers warning the president is ready to give up too much. Foreign policy hawks, including GOP Sens. Lindsey Graham and Ted Cruz, spoke out publicly after media reports suggested U.S. negotiators were close to reaching an agreement. The reported deal would include concessions to Iran, extend the existing ceasefire, reopen the Strait of Hormuz, and pave the way for additional talks focused on dismantling Iran’s nuclear program. In response to the criticism, Trump said his critics were “criticizing without understanding the situation.”

On May 25, data from Onchain Lens shows a whale sold 15,000 ETH over the preceding 24 hours, raising $31.12 million. The same entity has disposed of a total of 35,000 ETH in the last three days at an average price of $2,066, netting total proceeds of $72.3 million.

May 25. Over the past 24 hours, the U.S.-Iran nuclear deal has shifted from a "framework agreement" to "not finalized," reigniting market uncertainty. Sources close to the negotiations indicate the core sticking point remains Iran’s nuclear program: Iran is seeking a verbal commitment while retaining its uranium stockpiles, while the U.S. is demanding concrete implementation details and a clear timeline for handling enriched uranium. Though most issues are seemingly resolvable, the two sides still hold significant gaps on fundamental terms. Intensified negotiation tensions, or even a return to broader geopolitical strains, are foreseeable in the coming days. On the market front, traditional investors remain bullish on the U.S.-Iran outlook. Crude oil opened sharply lower, while all three major U.S. stock index futures rose at the open: Nasdaq 100 futures up 1%, S&P 500 futures up 0.65%, and Dow Jones futures up 0.54%. In the crypto market, Bitcoin has been relatively weak, hovering