Humanity Protocol associated wallet suspected to be attacked, resulting in losses exceeding $19 million

According to Bloomberg, the US Commodity Futures Trading Commission (CFTC) has cancelled its headquarters relocation plan, renewed the lease of its current location for five years, and plans to hire up to 100 additional employees to meet industry growth and regulatory demands. The CFTC is seeking to become the primary regulator of the prediction market, and if the Clarity Act is passed, its regulatory responsibilities in the cryptocurrency industry may expand. The CFTC has recently offered deferred resignation plans to approximately 50 employees and buyout offers to some long-term employees. As of April 2024, the number of CFTC employees has decreased to 553, a decrease of nearly 25% compared to 2024. CFTC requests to increase the total number of employees to 650 in the 2027 fiscal year budget.

According to John D'Agostino, head of institutional strategy at Coinbase, Bitcoin fell below $60000 last Friday, but it did not affect the confidence of institutional investors, as family offices, governments, and sovereign funds continued to buy at low prices. He said, 'They liked it at $125000, liked it at $100000, and liked it even more at $65000.' Currently, the Bitcoin ETF exposure is about $100 billion. Despite a nearly 50% drop in Bitcoin prices at higher points, retail interest has only retreated by about 15%. He also stated that no major institutional Bitcoin holders have been found to be severely over leveraged or liquidated, and some large leveraged holders still have the ability to raise funds to support their purchases.

According to a report by Bank of America Securities, about 70% of bear market signals have been triggered, consistent with previous market peaks. The strategy team is led by Savita Sabramanian and recommends investors to 'take profits'. The valuation of the S&P 500 index is significantly high, and 17 of the 20 evaluation indicators show that it is expensive, including 8 super tech foam level. The signal sources include consumer confidence, economic growth expectations, M&A activity ratings, credit pressure, etc. The opinion survey of senior loan officers by the Federal Reserve in May showed that consumer demand continues to weaken.

Apollo and Blackstone Group have raised $35 billion in financing for the Anthropic chip project. （FT）

The Kobeissi Letter published on X platform stating that the ratio of US stock market value to GDP has reached a historic high of 238%, with a total stock market value of $75.7 trillion, far exceeding the economic scale of about $31.8 trillion. Since the S&P 500 hit the bottom on March 30, the ratio has risen by 38 percentage points, 90 percentage points higher than the 148% at the peak of the Internet foam in 2000. Since the 2008 financial crisis, the growth rate of the US stock market has been five times that of the underlying economy.