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

### 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: According to CME’s FedWatch data, there’s a 51.8% probability the Fed will keep interest rates unchanged through December, while the chance of a cumulative 25-basis-point rate cut is merely 0.2%. Odds of a Fed rate hike this year have dropped to 48%, broken down as: 37.9% likelihood of a cumulative 25-basis-point increase, 9.2% for a 50-basis-point hike, and 0.9% probability of a 75-basis-point cumulative rise.

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)

As of May 31, HyperInsight monitoring shows Loracle has further cut its $16 million HYPE short position, now holding 1.301 million HYPE worth approximately $89 million, with floating losses topping $30 million. On the other hand, Loracle increased long positions in ZEC, TON, and ASTER by a total of around $6.5 million, and these long positions continue to rise.