Spot gold falls below $4490 per ounce

The Iranian Ambassador to France stated that Iran and Oman are discussing the permanent imposition of tolls on the passage of the Strait of Hormuz, and reopening the strait will require countries to pay the fees. (Golden Ten)

The S&P 500 and Nasdaq reached historic highs driven by AI optimism and strong financial reports, but the gains were mainly contributed by large tech stocks. UBS analysts said that in the six weeks ending May 15th, the market value weighted S&P 500 index had the largest lead in at least 35 years compared to an equally weighted index, and recommended reducing concentrated positions and preventing risks. Ipek Ozkardeskaya, an analyst at Ruixun Bank, said that the gains were concentrated in a few technology companies, and if the pricing logic went wrong, it could trigger a collapse.

According to on chain analyst Yu Jin's monitoring, the largest bear of HYPE, loracle.hl, opened 1.82 million HYPE ($108 million) short at a price of $45.1, with a current floating loss of $259 million and a liquidation price of $68.8. The largest long position of HYPE opened 1.38 million HYPE ($820 million) at a price of $38.6 in November last year, with a floating profit of $286 million after holding for 7 months.

According to Onchain Lens monitoring, just as HYPE reached a historic high, a newly built wallet withdrew 198500 HYPE worth $116 million from Bybit.

According to an article by a16z crypto researchers, there is a fundamental contradiction between the "censorship resistance" and "low latency" of blockchain. Any Byzantine Fault Tolerant (BFT) blockchain protocol with anti censorship capabilities requires at least 5 rounds of communication in cases where the validator exceeds 0.2 and may commit malicious acts, while traditional BFT consensus only requires a minimum of 3 rounds. To address the issue of block proposers reviewing transactions, Ethereum research FOCIL/EIP-7805, Solana research Constellation and MCP, both use validators to collect transaction "inclusion lists" in advance to ensure anti censorship. Transactions will be included in the block no later than 5 rounds of communication.