OPEC+ lacks the means to deal with an oversupplied market, which is causing it to be stuck in endless production cuts.

On May 31st, Jinshi Data reported that U.S. stock index futures edged lower slightly as traders awaited favored inflation indicators from the Federal Reserve to gain clues about the extent and timing of monetary policy easing. Market optimism about rate cuts has waned this month as Fed officials seek evidence of inflation slowing, while a series of data indicates that inflation remains sticky. The core PCE price index (which the Fed tends to use to measure prices) released on Friday may have eased in April, marking the slowest monthly growth so far this year. 'Inflation seems to be stuck—neither significantly rising nor falling—while the economic growth performs well,' said Max Kettner, Chief Multi-Asset Strategist at HSBC Holdings.

Aggressive traders can go long on gold here; there is currently no reason to short crude oil.

Gold short-term attention to this resistance, the key point of the US dollar remains unchanged, the pound may have entered a short-term bearish pattern, and the AUD/USD is stuck in a range.

Chris Dixon, general partner at Andreessen Horowitz (a16z), has expressed concern about the U.S. regulatory system, questioning why meme coin is thriving, while Crypto Assets companies and Blockchain Token with useful applications are "stuck in regulatory purgatory" due to potential classification as securities. Chris Dixon said, but my goal is not to defend or reduce the meme coin. It points out the absurdity of the U.S. regulatory system, which allows meme-only coin to flourish while encryption companies and Blockchain Token with more long productive uses face obstacles. We see this every day when we work with entrepreneurs and start-ups. Token can be easily created, launched, and even automatically listed by any meme maker. But do entrepreneurs want to create something that lasts? They're stuck in regulatory purgatory.

Fed officials are expected to take turns "playing Tai Chi". Will gold price still be stuck in consolidation? The strong fundamentals of the US dollar may not have been shaken yet! Hedge funds have quickly turned bearish on the oil market. Is the Middle East really going to achieve a ceasefire?

Golden Ten Data on April 30, recently, the Ministry of Transport, together with the Ministry of Culture and Tourism, the Chinese People's Bank of China, the National Immigration Administration, the State Railway Administration, the Civil Aviation and Shorts Administration of China, the State Administration of Forex, and the China State Railway Group Co., Ltd., jointly issued a notice to make arrangements for transportation and payment facilitation. The notice requires all localities and departments to focus on the problem of congestion and stuck points in transportation travel and payment facilitation, improve the working mechanism, explore innovative measures, improve safeguard measures, and coordinate the development of international passenger trains, international road passenger lines, international cruise ships, and international routes, so as to improve the level of transportation facilitation to China. Improve offline and online ticketing services, strengthen publicity on the use of ticketing software, guide the development of foreign language applications, support domestic and foreign bank card payments, meet the needs of RMB coin cash use, improve the transportation travel experience, and enhance the level of transportation and payment facilitation.

coin Jiejie.com reports: Bernstein analysts have described the recent slowdown in the capital flow of Bitcoin spot trading exchange-traded funds (ETF) and believe that this will lead to more long integration with the platforms of private banks, brokers and investment advisors in the future. Experts maintain the forecast that the price of BTC will reach $150,000 by the end of 2025. Reports that Morgan Stanley plans to have its brokers advise clients to buy spot Bitcoin funds have heightened confidence that this trend continues

coin Jie.com reported: Recently, the Bitcoin price has been around $66,000 Fluctuation and the 50-day moving average has become a difficult upper limit. On the downside, Bitcoin has a support level of $61,000. The upward pump path is blocked by the main resistance zone of $71,000. If Bitcoin can break above the 50 EMA and exceed $67,000, the next target will be $71,000. Bonk's price has soared 80% in the past three days, and volume has continued to increase. Ethereum is approaching the challenge of the 26-day exponential MA (EMA) and 50-day moving average. A break above this line could open the door to an upside pump, and a failure to break it could lead to a retest of lower support.

Coin Network reports: With Bitcoin losing its $64,000 support level, investors are confused about the outlook for the Crypto Assets market. The long-term outlook for BTC remains positive, but short-term uncertainty continues. Fidelity Digital Asset believes that Bitcoin is no longer "cheap" and has reached its fair value. SOL Coin could be stuck between $162 and $126 for a while, while the BNB hard coin is long less affected by the general market downturn. If the longest can regain lost ground and break through key resistance levels, these Crypto Assets may continue their pump trend.

Bitcoin Approaches $70,000, XRP Makes a Comeback, Ethereum (ETH) Support Ends Bitcoin is now approaching $70,000. The digital gold may be on the verge of a breakout. Currently, it is trading around $69,311, and many are watching to see what happens next. The chart shows that Bitcoin has been fluctuating up and down with no clear pattern, but it is still close to the $70,000 mark. This is a very important level that can tell us whether Bitcoin will start moving towards another ATH or continue to consolidate. If Bitcoin can break through this level, it will probably go higher, which will be big news for the cryptocurrency market. But the market is sending mixed signals. This makes it difficult to determine whether Bitcoin will break $70,000 soon. It is possible that it will rise to test that level, but it is not clear whether it will be able to stay above it. For Bitcoin to keep growing, the asset should at least stay above the 50 EMA, but this is not an easy task considering the current problems with capital inflows in the market. If Bitcoin can hold above these support levels and break above $70,000, it could be the start of another major price increase. After a rough patch for XRP, there is some good news: XRP has once again broken above the 100-day exponential moving average (EMA). Currently, the price of XRP is $0.5967. Breaking above the 100 EMA line is very important as it could be a signal that the price could start rising again. If XRP can maintain this momentum and stay above the 100 EMA, the next major test will be the 50-day EMA, which is around $0.62. If XRP can break above this as well, it could prove that it is ready to climb towards the yearly high again. However, even with this positive move, there is a chance that XRP will not continue to rise. The price may not rise much, and this is not the start of a true comeback. To ensure that XRP truly makes a comeback, we need to see if it can hold above the 100-day moving average and then break above other important prices like the 50-day moving average. Investors and those who follow the crypto market will be keeping a close eye on XRP. If it can stay strong and break through more resistance levels, then it could mean that XRP is making a real comeback. But if it can’t, and the price falls below the 100-day moving average again, it could be a sign that XRP still has a long way to go before a real recovery begins. Ethereum is at a critical threshold. Its price is being squeezed between an ascending trendline and the 50-day exponential moving average (EMA), which could lead to a big price move soon. Currently, Ethereum is trading at around $3,391. The chart shows that the price is slightly above the ascending trendline, which is acting as support and helping to prevent the price from falling further. This line is slowly rising, which could mean that the price of Ethereum could rise in the future. The 50-day EMA is currently around $3,400, which is slightly above the current price. This EMA usually acts as a resistance that can push the price lower. Ethereum is stuck between the overhead resistance and the lower support trendline. If the price can break above the 50-day EMA, it could move up to the next resistance near $3,545. But if Ethereum fails to stay above the trendline, it could drop to the next support, which is the 100-day SMA around $3,090. Below this level, the price could drop to the 200-day SMA at $2,665. Currently, the market is sending mixed signals. This means that the price of Ethereum could move in both directions, but it is not clear in which direction. Investors are closely watching whether Ethereum can stay above the trendline and break above the 50-day moving average. (Data source: Arman Shirinyan)

SEC Commissioner Hester Peirce Says Regulator Stuck in 'Enforcement-Only Mode' SEC Commissioner Hester Peirce stated that the SEC is currently in an "enforcement-only mode" when it comes to crypto, highlighting the challenges faced by the industry in dealing with a litigious SEC. Peirce expressed frustration with the lack of clear rules and the regulator's tendency to pass judgment on crypto as an asset class. She emphasized the need for regulatory frameworks and clarity from the SEC and lawmakers.

Use the Elliott Wave Theory to predict the bottoms and tops of Bitcoin Bitcoin seems to be stuck in a consolidation zone between $50,000 and $52,000, with both Long and Short positions unsuccessfully managing to fully control the trend. This performance has sparked speculation from the Long about whether the Bitcoin price will eventually find a local top. Crypto Assets analyst Alan Santana is one of those who guesses the direction of the price, using the Elliott Wave Theory to predict where Crypto Assets prices will go next. In the analysis shared by Alan Santana on TradingView, the Elliott Wave Theory can indicate where Bitcoin's price will go next. The theory consists of five waves, three of which have been completed so far, and a fourth wave is expected to occur soon. Given that the third wave is very bullish and the price is rising so quickly, the fourth wave is expected to be even more bearish. As Santana explains, the fourth wave points to the coming correction. They also revealed that their analysis included Elliott's alternating law and applied it to this situation, where the fourth wave is bearish, but not as low as the second wave. Once the fourth wave starts to move, Bitcoin prices are expected to see a sharp pullback. However, analysts believe that the low end of the correction is $31,800. So, in this case, Bitcoin will return to $20,000 before Bitcoin resumes its next rally. "The higher degree of the fourth wave cannot enter the range of the second wave, and the minimum price for the upcoming correction could be $31,805 according to the Elliott Wave Theory," Santana said. He further added: "Just as the third wave leads to a correction (the fourth wave), the fourth wave inevitably leads to another impulse, and the last wave of the higher degree is also the fifth wave." ” The Elliott Wave Theory not only points to possible bottoms, but also gives an idea of where the top of Bitcoin could be located in the fifth wave. Crypto Assets analysts predict this price using one of two wave principle methods, which consider the peak of the third wave and then use it to give the peak of the fifth wave. So far, the local top of the third wave looks like $52,985, which was Bitcoin's peak earlier this week. Since the wave principle suggests that the peak of wave 5 will be three times the peak of wave 3, the analyst multiplied $59,985 by 3 to arrive at a cycle top of $138,714. As for when this peak will come, Santana explained that the whole thing could happen in 2025, which is when the peak happens. Therefore, the potential for the final propulsive wave or fifth wave based on the Elliott Wave Theory system is $138,714. This could happen sometime in 2025," analysts said. (Source: Scott Matherson)

Odaily Harmony announced on the X platform that it has solved the network disruption block caused by the node verification problem. It is reported that the Hong Kong problem stemmed from the Harmony MainnetNode stuck on February 10, causing the network to stagnate. After investigation, it was found that snapDB lacked the chunk state data required for block validation, which caused cross-link validation to fail, leaving the network in a cycle of view changes. After the team implemented the repair, network functionality was restored without compromising integrity. They updated the cross-linking management logic, closely monitored the network, and the total recovery time exceeded the initial 26-hour outage to ensure network stability. In the future, Harmony will optimize database management, improve the consensus mechanism, and improve communication channels.

According to an analysis released by Solana software development company Anza, Solana failed to reach consensus to stop producing blocks for about five hours on Tuesday due to a bug that triggered an "infinite loop" within the layer 1 Blockchain validator. Note: An infinite loop is when a set of encoded instructions for Node continues to execute without terminating, and because Solana validators get stuck in this infinite loop, they get stuck on a specific Block and are unable to process new Block and add them to the Blockchain. （unchainedcrypto）

According to Timothy Stebbing, a developer of DOGEE and a member of the DOGEE Foundation, disclosed on social media that several crypto assets exchanges have contacted the DOGEE Foundation, saying that the Dogecoin network has a "stuck/unresponsive" problem (but did not disclose the name of the specific exchange). Timothy Stebbing explained that there is a big problem with the inscription, which has been clogging the DOGE network, and now all developers and board members are thinking about how to solve this problem, but he said that Doge is a decentralization project, so it needs community discussion before it can be optimized.

Gold and Silver Push Higher as Middle East Tensions Escalate, FOMC and US NFPs Near Gold has been stuck in a narrow $38/oz. range for the last 12 days with neither buyers nor sellers taking control of price action. This stalemate is likely to continue until Wednesday’s FOMC decision unless Middle East tensions ratchet up further, and it is the post-decision press conference that will be the next driver of price action. While Chair Jerome Powell is unlikely to give a firm timetable as to when rate cuts will start, his language may give the markets a hint of future action. Until then, gold is likely to stay in a sideways pattern. After weeks of underperforming gold, silver has put in a better shift over the last week and pared some of its recent losses. The daily chart still looks negative but if silver can break back above the 20-day simple moving average, further losses are likely to be contained. A cluster of prior highs and the 50- and 200-day moving averages on either side of $23.50 will cap any potential rally. （Source:Dailyfx-Nick Cawley）