Trump: Agrees to extend deadline for negotiations with EU to July 9

Headline

▌Trump: Agree to extend the deadline for trade negotiations with the EU to July 9

US President Trump said that the EU requested an extension of the window for trade negotiations and has agreed to extend the deadline to July 9. Earlier, European Commission President von der Leyen said on Sunday after a call with Trump that the EU is ready to "quickly and decisively" advance trade negotiations with the United States, but needs Trump to return to the 90-day negotiation period he originally set. This is the first publicly disclosed call between the two leaders since Trump took office. In April this year, Trump suspended the initial 20% tariffs on the EU and began a 90-day negotiation window, which was originally scheduled to end on July 9. Von der Leyen's office confirmed that she took the initiative to contact Trump. Von der Leyen's words indicate that the European Commission's position may change and tend to seek a potential compromise.

▌US stock index futures continued to rise, with Nasdaq futures up more than 1%

US stock index futures continued to rise, with Nasdaq futures up more than 1% and S&P 500 futures up more than 0.9%. Two days later, Trump changed his tone toward the EU and extended the trade negotiation window with it.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $108,951, with a daily increase or decrease of +0.8%;

ETH's latest transaction price is $2,547.54, with a daily increase or decrease of +0.6%;

BNB's latest transaction price is $669.60, with a daily increase or decrease of +0.1%;

SOL's latest transaction price is $174.60, with a daily increase or decrease of -0.9%；

DOGE recently traded at $0.2235, with a daily increase or decrease of -0.4%；

XRP recently traded at $2.34, with a daily increase or decrease of +0.2%.

Policy

▌U.S. House Speaker Johnson warns Senate not to significantly amend Trump's "big and beautiful" bill

U.S. House Speaker Mike Johnson is pressuring the Senate to make as few changes as possible to the massive spending and tax cuts passed by the House of Representatives last week to advance President Donald Trump's agenda. He warned that if senators make major changes, they may return the bill to a version that cannot be passed again in the House of Representatives. Johnson said in an interview: "We have reached a very delicate balance here, a delicate balance that has taken a long time to achieve, and it is best not to intervene too much."

▌Fed Chairman Powell did not comment on the economic and policy outlook in his graduation speech at Princeton University

According to market news, Fed Chairman Powell did not comment on the economic and policy outlook in his graduation speech at Princeton University.

▌The list of speakers for the Bitcoin 2025 conference has been announced, including Vice President Vance, Michael Saylor, etc.

According to Bitcoin Magazine, the list of speakers for the Bitcoin 2025 conference has been announced, including: US Vice President JD Vance Silk Road founder Ross Ulbricht Trump's second son Eric Trump Trump's eldest son Donald Trump Jr. Strategy founder Michael Saylor US Senator Cynthia Lummis.

Blockchain Applications

▌Vitalik Buterin: Ethereum needs to be resilient and private

Vitalik Buterin wrote on the X platform: "Nordic countries are abandoning cashless society initiatives because their centralized implementation of this idea is too fragile. It turns out that cash is necessary as a backup. Ethereum needs to be resilient and private enough to reliably play this role."

▌Sonic launches validator program to promote decentralization of SVM chain extension

Sonic announced the launch of a validator program to promote the decentralization of the first SVM chain extension on Solana, which includes a dual incentive model, head validator partners, and performance-based rewards.

▌The 212th Ethereum ACDE Meeting: Fusaka Devnet-0 will be launched on May 26

According to Tim Beiko’s summary of the 212th Ethereum Executive Core Developer Meeting (ACDE), this meeting mainly discussed: Fusaka Devnet-0 will be launched on May 26, Fusaka EIP scope discussion (EIP-7825 sets the transaction Gas upper limit to 30M; EIP-7918 anchors the Blob rate to the Base Fee to alleviate fee fluctuations; these two are confirmed to be included in Devnet-1. Other candidate EIPs are expected to be Devnet-2), testnet strategy (fork Sepolia first, retain Hoodi for application testing; encourage the community to maintain a long-term testnet), future plans (CL Call next week to decide EIP-7917; two weeks later ACDE finalizes Devnet-2 and starts Glamsterdam discussion), etc.

Cryptocurrency

▌Grayscale transferred about 6,641 BTC worth more than $726.5 million yesterday, and has made large transfers for five consecutive days this week

According to Arkham monitoring data, Grayscale has once again made large BTC transfers. Yesterday, a total of about 6,641 BTC were transferred from Grayscale Bitcoin Exchange Traded Fund Grayscale Bitcoin Trust to 11 unknown addresses, with a value of up to $726.5 million. Data shows that this is the fifth consecutive day this week that Grayscale has made large Bitcoin transfers, including: about 7,700 BTC transferred on May 23, about 7,500 BTC transferred on May 22, 8,500 BTC transferred on May 21, and about 7,500 BTC transferred on May 20.

▌USDC Treasury minted 250 million USDC on the Solana chain

According to Whale Alert, about 5 minutes ago, USDC Treasury minted 250 million USDC on the Solana chain.

▌Hyperliquid platform whales currently hold $5.176 billion, with a long-short position ratio of 0.90

According to Coinglass data, Hyperliquid platform whales currently hold $5.176 billion, with long positions of $2.458 billion, accounting for 47.49%, and short positions of $2.718 billion, accounting for 52.51%. Long positions have a profit and loss of $122 million, and short positions have a profit and loss of -88.2021 million US dollars.

Important Economic Dynamics

▌The probability of the Fed keeping interest rates unchanged in June is 94.4%

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in June is 94.4%, and the probability of a 25 basis point rate cut is 5.6%. The probability of the Fed keeping interest rates unchanged in July is 74.9%, the probability of a cumulative 25 basis point rate cut is 23.9%, and the probability of a cumulative 50 basis point rate cut is 1.1%.

Golden Encyclopedia

▌Will blockchain networks be subject to DDoS attacks?

Distributed denial of service (DDoS) attacks aim to paralyze online systems through massive requests. Although blockchain networks are more resilient due to decentralization, they may still be attacked, such as through spam transactions that cause network congestion or node crashes, affecting normal operation. To prevent DDoS, blockchains need to strengthen security measures at the node and network levels, including improving processing power, deploying firewalls, regular audits, and redundant construction to ensure stable network operation.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.