Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

May 29th — A crypto analyst says Ethereum (ETH) is still facing near-term downward pressure, with the market closely watching its $1,750-$1,800 support zone. A CryptoQuant analyst points out ETH’s current leverage ratio remains elevated, while funding rates stay positive — indicators that long positions still dominate trading. Yet fresh lows keep printing on ETH’s price chart, signaling a fragile overall market structure. Meanwhile, Binance’s cumulative net inflow has dropped to roughly -$744 million, a sign sellers are still in control of the market. Turning to institutional demand, the U.S. Ethereum spot ETF has logged 13 straight trading days of net outflows, totaling about $695 million — a clear sign institutional appetite for ETH is steadily cooling. Analyst Suraj Jha highlights the $1,700-$1,800 range as a buy zone worth noting, but warns that if this support level breaks, ETH could extend its downward slide. Another analyst, Crypto Patel, argues ETH needs to hold above $1,750 t

On May 29, data from Bitget showed that West Texas Intermediate (WTI) crude oil fell below $89 per barrel, marking its first time trading at that level since April 21, with a daily decline of 2.27%. Brent crude oil was trading at $89.8 per barrel, down 2.8% intraday.

Flash News: On May 29th, prediction market platform Polymarket announced a new partnership with global soccer media platform OneFootball, making Polymarket the latter’s exclusive prediction market partner. Per the announcement, Polymarket’s soccer-related odds data and prediction markets will be made available to OneFootball’s over 600 million global users, enabling users to directly access relevant market information.

May 29: U.S. President Trump took to social media to lay out terms for Iran: Tehran must agree it will never acquire nuclear weapons or bombs, the Strait of Hormuz must open toll-free to all two-way traffic immediately, and any mines in the waterway — which Trump claimed the U.S. has already blown up many of using its top underwater drones — will be handled; he said Iran is responsible for any remaining mines, which he added shouldn’t be many. Trump also noted that ships detained under his administration’s "unprecedented, amazing naval blockade" (now lifted) can head home, while concentrated nuclear materials buried deep underground (dubbed "nuclear dust") under a nearly collapsed mountain will be excavated by the U.S. and destroyed thoroughly in close coordination with Iran and the International Atomic Energy Agency (IAEA). Additionally, Trump said no financial transactions will occur between the U.S. and Iran for now, and that other important issues have also been agreed upon.

May 29th: Trump tweeted, “Iran has got to agree to never get nuclear weapons or bombs. The Strait of Hormuz opens right now, no more transit fees, and all ships can pass freely both ways. Any mines there? All of ’em get cleared. We already blew up and removed tons of mines in our mine-clearing op, and Iran has to get rid of or blow up whatever’s left—shouldn’t be many. Ships stuck in the Strait of Hormuz for 11 months because of our ‘unprecedented naval blockade’ can head home now. 11 months back, after a massive B-2 bomber strike, the highly enriched uranium buried underground under tons of collapsed mountains—they call it ‘nuclear dust’ sometimes—will be dug up under U.S. watch. We’ll work hand in hand with Iran and the International Atomic Energy Agency (IAEA) for this, and the material gets destroyed eventually. No money changes hands until we say so. We also locked in deals on a bunch of smaller stuff. I’m heading to the Situation Room right now to make the final call on this. T

May 29 — Mehdi Hosseini, a quant trading analyst at Susquehanna, sharply hiked Micron Technology (MU)’s price target from $600 to $1,750 while maintaining a "Positive" rating on the stock. Hosseini noted channel checks indicate Micron’s DRAM average selling price (ASP) for Q2 is projected to rise 50%-60% quarter-over-quarter (QoQ), outpacing the market’s prior consensus estimate of 50%. For NAND, ASP is expected to stay flat or climb 75%-100% QoQ. Driven by confidence in sustained strength of storage product pricing and profitability, Susquehanna has lifted earnings projections for its covered storage sector companies. Per Bitget data, Micron (MU) traded up 3.39% on the day, fetching $955.67.