WendyCS

Brent crude oil futures continued to rise on Monday. The major oil-producing countries are facing political uncertainty following the death of the Iranian president in a helicopter crash and the cancellation of the Saudi crown prince's trip to Japan due to the king's health issues. Brent crude oil for July delivery rose 0.4% to $84.08 a barrel, earlier hitting $84.44, the highest since May 10. U.S. West Texas Intermediate (WTI) crude oil futures for June rose 0.24% to $80.22 per barrel, earlier touching $80.35, the highest since May 1. The June contract expires on Tuesday, with the more actively traded July contract reaching a high of $79.95 per barrel and currently trading at $79.81 per barrel. On Monday, an Iranian official said that Iranian President Raisi and Foreign Minister Abdolrahim were killed when the helicopter they were traveling in crashed in the cold weather in the mountainous area. In addition, Japanese Chief Cabinet Secretary Yoshihide Suga said that Saudi Crown Prince Mohammed bin Salman has postponed his scheduled visit to Japan on Monday due to the health issues of Saudi King Salman. Saudi Press Agency (SPA) reported on Sunday that 88-year-old King Salman will receive treatment for a lung infection. "If King Salman's health is not good, then the uncertainty in the energy market has increased after the news of the Iranian president's disappearance this morning," said IG Markets analyst Tony Sycamore. ⑤ He added that after WTI rises above the 200-day moving average of $80.02, it may rebound further to $83.50. "I think there are enough reasons to believe that this situation will happen, especially considering the real estate measures announced by the major Asian countries last week." ⑦Brent crude oil rose by about 1% last week, marking the first weekly increase in three weeks; US crude oil rose by 2%, as economic indicators for the world's two largest oil-consuming countries, the US and China, showed some improvement. Despite the volatile situation in the region, oil prices only fluctuated slightly. ING, the Dutch international group, head of commodity strategy, Warren Patterson, said: "The oil market is still fluctuating within a range. Without any new catalytic factors, we may have to wait for the clarification of OPEC+ production policies to break through this range. The market seems to be increasingly numb to the development of geopolitical situations, which is likely due to OPEC's large amount of idle production capacity." The Organization of the Petroleum Exporting Countries (OPEC) and its allies are scheduled to hold a meeting on June 1st. The market and industry have become accustomed to the leadership position of Saudi Crown Prince Mohammed in the energy sector, regardless of whether or not there is this health issue, the continuity of Saudi Arabia's strategy can be expected.

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Gate.io reported: The key stages for the approval of the Ethereum ETF include submitting a 19b-4 application and an S-1 registration form to obtain approval from the Securities and Exchange Commission (SEC) and list on the exchange. These forms outline rule changes and product details such as fund structure and investment strategies. Although they are important, approval does not guarantee the ETF will be available to the public. Delays or rejections may impact market sentiment and volatility. The approval from the SEC is crucial for Ethereum to become a mainstream investment.

Coin World reported: Legendary trader sundayfunday.sol successfully converted a 13 SOL (approximately $2275) investment into $2.26 million in just 8 hours, setting a record return of 993x. This crypto master's recent strategic move involving the 1DOL token demonstrates the potential for potential returns in the volatile crypto market. This latest achievement is not the first time sundayfunday.sol has made headlines in the cryptocurrency field, as the trader was once one of the largest presale participants in the BOME project.

Gold hit a new all-time high due to the growing optimism about the US interest rate cut this year and the escalating geopolitical tensions in the Middle East. The price of gold rose 1.4% in the Asian morning session, reaching $2,450.07 per ounce, surpassing the intraday record high set in April. In recent trading days, traders have increased their bets on the earliest possibility of a rate cut by the Federal Reserve in September.

The UK Artificial Intelligence Security Institute plans to open an office in the United States to promote greater international cooperation in regulating this rapidly developing technology. UK government officials said the institute's new office in San Francisco will open this summer and recruit a group of technical personnel to complement its work in London and strengthen ties with its US counterparts. Some experts have warned that artificial intelligence could pose a threat to human survival, comparable to nuclear weapons or climate change, highlighting the need for enhanced international coordination in regulating this technology. The UK Minister for Technology stated that opening the doors to overseas and strengthening the alliance with the United States is at the core of the plan to establish new international standards for AI security. We will discuss this issue at the AI Seoul Summit this week.

Gold prices hit a record high on Monday as slowing inflation in the United States boosted expectations of a possible interest rate cut by the Federal Reserve. Silver also jumped more than 3% to its highest level in over 11 years. ② Spot gold is currently up 1% to $2437.79 per ounce, earlier in the session it reached a record high of $2449.88. Last week's data showed signs of cooling inflation, and traders currently estimate a 65% chance of a US interest rate cut in September. The US dollar index remains weak, making gold priced in US dollars more attractive to buyers holding other currencies. The financial market analyst Kyle Rodda from Capital.com said that the weakening of the US dollar and the expectation of a possible rate cut by the Federal Reserve have supported the gold price. The minutes of the latest Federal Reserve policy meeting scheduled to be released on Wednesday, as well as speeches by several Federal Reserve officials, will be the focus of investors this week. Silver spot is currently up 1.3% to $31.78 per ounce, previously rising as much as 3.47% to a new 11-year high of $32.49 per ounce. ANZ analysts wrote in a report, "Compared to gold, silver is relatively cheaper and has strong fundamentals, which has sparked investor interest. With the increase in inflow of exchange-traded funds (ETFs), platinum is trading at a premium to palladium."

Bitcoin price rose to $65,000, bringing hope to investors, after the cryptocurrency market's instability was reported on Coinpedia Fintech News. With Bitcoin's comeback, some alternative coins surged by 10% to 20%, raising questions about the restart of the bull market. Analysis suggests that the current bull market cycle may end in April 2025. While historical patterns can provide valuable insights, market dynamics always change, and past performance does not guarantee future results. Analysts are discussing the possibility of further adjustments, with some expecting a minor pullback while others maintain a long-term optimistic outlook.

"Elon Musk responded to the comments of "AI father" Geoffrey Hinton, who expressed concerns about the impact of artificial intelligence on job security. Musk suggested the implementation of universal high income, rather than basic income, to address potential inequality caused by unemployment. In a conversation with UK Prime Minister Sonak last November, Musk stated that artificial intelligence may eventually render work unnecessary for everyone, and the challenge in the future will be to find meaning in life."

According to the Companies Marketcap data from Sina Finance, the market capitalization of silver has once again surpassed Bitcoin, becoming the eighth largest asset in the world by market capitalization. According to CoinGecko data, since Bitcoin reached its all-time high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%. The current market capitalization of silver is $1.828 trillion, which is approximately $500 billion higher than Bitcoin's market capitalization. Bitcoin currently has a market capitalization of $1.322 trillion, making it the ninth largest asset in the world by market capitalization.

According to a report by Coin World, as monitored by Lookonchain, a trader spent 3059 SOL ($526,000) at an average price of $0.0067 to buy 78.57 million GME after the GME drop. The trader bought 68 million GME for 1409 SOL ($165,000) at an average price of $0.0024 on February 15th and 16th. After holding for 3 months, GME started to rise. On May 13th and 14th, the trader sold 35 million GME at an average price of $0.0144, using SOL ($503,000), and currently holds 111.57 million GME (approximately $781,000), with a total profit of about $593,000.

According to foreign media reports, after a relatively slow start in the first quarter, the price of silver has started to rise, surpassing the price of gold significantly. Last Friday, the spot silver soared to a new 11-year high of $32.51. The soaring silver price has pushed the gold-to-silver ratio below 80, the lowest level since August last year. Alex Kuptsikevich, a senior market analyst at FxPro, said that the short-term target price is $33 per ounce, and it could rise significantly to the historical high of $50. The long-term trend of silver is also bullish. In the past two years, it has been able to quickly turn upward after the price fell below the 200-week moving average. This year, the silver price has successfully broken away from this trend line, but the most intense part of the rally may still be ahead. Silver may be ready to reproduce the explosive growth seen in 2010-2011.

CoinDesk reported: The price of Litecoin has risen slightly by over 2% in the past week, indicating a potential move towards the $90 mark. However, in the past 24 hours, this momentum has slowed down, with the current trading price at $83.81 and a market cap of over $6.2 billion. Analysis from CryptoWzrd suggests that Litecoin may reach $94 or drop to $80, depending on market trends. AMBCrypto's analysis of Glassnode data indicates that Litecoin's NVT Ratio and reserve risk suggest undervaluation, implying a potential price increase, while Whale activity and MVRV Ratio remain bullish. However, the sentiment surrounding Litecoin is bearish, as market indicators such as RSI and CMF suggest a possible price increase, but the Bollinger Bands indicate low volatility, reducing the likelihood of a significant price increase. To reach $90, Litecoin must surpass the $85 mark to avoid liquidation and potential price adjustments. Conversely, if it fails to maintain the support level at $80, it may fall to $78.

Coin Network reports: Ordinals founder Casey responded to his previous joke that if the market capitalization of Ordinals does not reach $1 billion, he will commit suicide. He mentioned on platform X that he will perform this act in the next episode of the Hell Money Podcast, which is a Bitcoin-related podcast he recorded with @RealizingErin. The announcement continued his previous joke that he would commit suicide if the Runes ecosystem didn't reach $1 billion in market capitalization within a month of its launch.