AiCoin 丨 5.27 snapshot: Short selling of Whale incurs losses, institutions increase holdings, Hong Kong government issues licenses

1. Trump announces that Middle East agreement is about to be reached, causing significant drops in oil prices and bond markets 2. The US Navy resumes escort in the Strait of Hormuz, assisting approximately 10 ships in passing through 3. Citigroup analyst: Market underestimates possibility of Fed rate cut, weak labor market and slowing inflation make rate cut more likely 4. Micron Technology rises 9.4%, market value breaks $1 trillion for the first time, UBS raises its target price to $1625 5. Strive has purchased 1109 new bitcoins, with a total holding of 16500 and a quarterly return rate of 11% 6. Hong Kong will establish a licensing system for virtual asset advisors and asset management services, with the goal of submitting a draft amendment by 2026 7. StablR hacked: exploited a 1-of-3 multi signature wallet vulnerability to cash out $2.8 million by issuing over $13.5 million in tokens 8. On the eve of the HYPE surge, short selling the giant whale and closing short positions resulted in a loss of nearly $7 million The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/536346