According to a report by The Hill, U.S. Energy Secretary Frank Wright stated on Friday that the Strait of Hormuz will reopen "at the latest sometime this summer." Wright said the U.S. "continues to expand U.S. natural gas exports," adding 2.5 billion cubic feet of daily natural gas export capacity despite the loss of 10 billion cubic feet of natural gas transport capacity per day due to the Strait of Hormuz closure. "Shipping in the Strait of Hormuz will resume as soon as possible, but at the latest this summer," Wright said, adding that an agreement could be reached as early as "the next few days." Wright stated that if Iran "continues to hold the global economy hostage," the U.S. military will "force the reopening of the Strait of Hormuz, but this is not an easy thing to do." He added, "We have taken preliminary steps, but a better way is to reach an agreement rather than use military force." (Jin Shi)

According to Odaily Planet Daily, a whale sold 213,419 HYPE tokens at an average price of $41.84, earning $8.93 million and a profit of $2.8 million. Over the past two months, the whale purchased 467,188 HYPE tokens at an average price of $35.59, spending $16.63 million, and currently still holds 253,769 HYPE tokens, worth approximately $10.5 million.

According to data from RootData, a Web3 asset data platform, SoSoValue (SOSO) will unlock approximately 15.82 million tokens at 10:00 AM Beijing time on May 24, corresponding to a value of approximately $5.88 million.

According to Huoxun Finance, the Ningbo Customs Anti-Smuggling Bureau in Zhejiang Province recently cracked several cases of smuggling cryptocurrency mining machines, dismantling multiple criminal gangs and seizing more than 400 mining machines of models such as Antminer L9 and Glacier KS3. The gangs disassembled the mining machines, falsely declaring them as "industrial blocking devices" and smuggled them into China through ports such as Ningbo and Guangzhou. After reassembling them, they were sold domestically or transported to mining farms in Xinjiang, Hunan, and other places for hosting and mining. They also used USDT for cross-border payment settlements to evade fund supervision.

According to Huoxun Finance, on-chain monitoring data shows that Huang Licheng added $200,000 in USDC (total investment of $450,000), increasing his ETH long position to 5,075 ETH with a leverage ratio of 25x. He also established a new long position of 20 BTC with a leverage ratio of 40x. His current total losses across these positions exceed $32 million.