NEAR Protocol's token experienced a significant increase, rising 28% in the past 24 hours and nearly 45% over the past week. According to NS3.AI, this surge follows announcements related to confidential treasuries, AI prompt privacy, and automatic network scaling. Despite these developments, many users still believe there is only a 12% probability of an altseason occurring by July.

Bitcoin is anticipated to rebound from its current levels, according to Strategy founder Michael Saylor in an interview with CNBC. According to ChainCatcher, Saylor noted that Bitcoin had previously dropped from a high of approximately $125,000 to a low near $60,000, and is now entering a 'spring' recovery phase with strong support at its current position. Saylor highlighted that the digital credit market is absorbing the new Bitcoin supply from miners. He stated, 'Our company might purchase all the Bitcoin produced by miners from now until 2140.' Additionally, Saylor mentioned that the advancement of the U.S. CLARITY Act and the SEC's 'innovation exemption' policy for securities tokenization could serve as significant positive factors for the digital asset market.

The U.S. House Oversight and Government Reform Committee, led by Chairman James Comer, has initiated an investigation into potential insider trading activities involving Polymarket and Kalshi. According to Foresight News, Comer has sent letters to Shayne Coplan, CEO of Polymarket, and Tarek Mansour, CEO of Kalshi, requesting documentation on their identity verification, geographic restriction enforcement, and abnormal trading monitoring measures. The deadline for submission is June 5. In his letter to Polymarket, Comer highlighted concerns that the anonymity and crypto infrastructure of prediction markets could present exploitable vulnerabilities for individuals with national security clearances. Previous incidents have raised suspicions of insider trading: a U.S. soldier was arrested for allegedly using inside information to profit approximately $400,000 by betting on the ousting of Venezuelan President Maduro on Polymarket. Additionally, a New York Times investigation revealed that over 80 Polymarket users established positions hours before U.S. and Israeli strikes on Iran. Meanwhile, Kalshi faced issues in April when several congressional candidates were banned for betting on their own election outcomes on the platform.

Investor demand for downside protection on the S&P 500 has significantly decreased, with the average three-month single-stock put-call skew now at its fourth-lowest level in 20 years, according to BeInCrypto. The hedging gauge has fallen 75% since March, marking its sharpest decline since April-May 2025. Data from The Kobeissi Letter shows the skew at 0.04, indicating minimal demand for crash insurance. This shift coincides with a record rally in US equities, as the S&P 500 reached an all-time high in May, appreciating over 16% since March 31.

Iran's Foreign Ministry spokesperson has called on the United States to take action to end what it describes as a blockade of the Hormuz Strait. According to Odaily, the spokesperson emphasized that this blockade is a violation of international law.

Pythnet/Hermes has been offline for over four hours, affecting both Price Feeds and Sponsored Feeds. According to Foresight News, the official status page indicates that the root cause of the issue has been identified. Validators are currently coordinating efforts to restart the network, with services expected to resume by 20:30.

Genuine Sheboshi tokens are distinguished by their pricing, which consistently features a string of non-zero digits and is observed trading at three-digit figures.