Gate.io Launches INIT Perpetual Contract Pre-trading

Per Bloomberg, U.S. Treasury investors on May 25 expect that new Federal Reserve Chair Jerome Powell will prioritize the central bank’s credibility in fighting inflation over the interest rate cuts pushed by President Trump, and the market has already priced in a December rate hike via instruments like swaps. Notably, Polymarket pegs the probability of the Fed raising rates this year at just 35%.

May 25: BitMine Chairman Tom Lee tweeted that FTSE Russell has released its preliminary list of index additions and deletions, putting BitMine (BMNR) on the preliminary roster for addition to the large-cap Russell 1000. The firm’s market capitalization exceeds the $5.7 billion minimum threshold for large-cap inclusion. Lee noted that many actively managed funds limit holdings to Russell 1000 stocks, with passive index funds and ETFs typically holding 20% to 25% of a single stock’s total market value. Based on BitMine’s current $10.75 billion market cap, a successful inclusion would draw at least $2.15 billion in buying pressure, per Lee’s calculation. The Russell index reconstitution will wrap up after the U.S. market close on Friday, June 26, with new component weights taking effect at the opening bell on Monday, June 29. BitMine’s formal admission to the Russell 1000 remains subject to final June index updates and validation of the official constituent list.

May 25: On-chain analyst AI Auntie (@ai_9684xtpa) reported that an Ethereum address which had already accumulated 3,845 ETH at an average entry price of $2,074 added another 967.01 ETH to its position yesterday. This whale has now built up a total of 4,812.03 ETH in a recent trading swing spanning yesterday and today, with a total value of $10 million. The average entry price for this entire ETH batch is $2,078.91, and the address currently holds an unrealized gain of $114,000.

May 25th: According to cybersecurity firm Socket Security, a cryptocurrency theft campaign called TrapDoor is actively executing supply chain attacks on software package repositories like npm, PyPI, and Crates.io. To date, 34 malicious packages and 384 related versions/artifacts have been detected, and the attacker is still pushing out new versions across these ecosystems. TrapDoor targets developers in the cryptocurrency, AI, and security fields, enabling it to siphon sensitive data including crypto wallets, SSH keys, cloud credentials, GitHub tokens, browser data, environment variables, and API keys.

On May 25, Huawei formally proposed a new principle for semiconductor industry development called the "Tao Law." This framework replaces the longstanding "geometric scaling" approach with "time scaling," enabling breakthroughs in transistor density and system performance through logic folding technology. Marking the first time China has introduced a foundational new principle to guide global semiconductor industry progress, the framework is projected to push high-end chips to transistor density levels equivalent to a 1.4-nanometer process node by 2031. (Source: People’s Daily)

On May 25, Aptos announced it has passed and rolled out three tokenomics updates that are now in effect: a total supply hard cap of 21 billion tokens, staking rewards cut in half from 5.19% to 2.6%, and gas fees increased tenfold.