Crypto News & Market Updates

BlockBeats News: On May 27, analyst Murphy pointed out that after nearly 20 days of entanglement with the TMMP indicator, BTC's short-term holder realized price (STH-RP) and the TMMP indicator have essentially formed a "death cross" pattern, meaning the red line has officially crossed below the green line. Historically, once a death cross forms, BTC's price is often suppressed by the STH-RP red line for a long period, making it difficult to break through, and may even hit new lows. Currently, the STH-RP red line is almost straight, indicating that short-term market activity has dropped to a freezing point. Chips at both ends of this average cost line are unwilling to participate in turnover, consistent with previous judgments about a sharp drop in trading enthusiasm. However, unlike previous cycles, this time the STH-RP underpass slope is almost zero. The steeper the slope, the stronger the willingness of high-level chips to panic and sell, making it harder for prices to break through resistance; The current nearly flat trend indicates that selling pressure is not strong, and the upward resistance may not be as difficult to overcome as in historical cases. Nevertheless, STH-RP remains the dividing line between bull and bear sentiment; if the price runs below it, it indicates a short-term bearish bias, and future directions will remain to be seen.

According to Bijie.com, Iqbal Khan, President of UBS Group Asia-Pacific, stated that AI will unlock capacity and improve productivity, but it will also impact employment. He pointed out that if the industry can leverage this capacity to better serve customers, increase their asset allocation to banks, and achieve faster growth and greater development, the impact on costs and employment will be much smaller. However, if this cannot be achieved, it will have far-reaching impacts on costs and employment. Standard Chartered Group CEO Wintos has also warned that as banks replace so-called "low-value human capital" with technology, the emphasis on AI may lead to layoffs. Goldman Sachs President and COO John Wardrang described the company's traditional business as a "manpower assembly line" already equipped for automation. Khan believes that AI carries risks, but it also has the potential to improve efficiency and productivity across the entire business domain. This will be the largest transformation, with the core of enhancing employee skills and learning abilities.

BlockBeats news: On May 27, according to Bitget market data, Micron Technology (MU) US stocks closed nearly 20% at the close, joining the trillion-dollar market cap club. MU has also become a popular target for tokenized equity trading on the chain, with the combined 24-hour contract trading volume across multiple platforms surpassing $1 billion. Among them: On Binance, the 24-hour trading volume of MU perpetual contracts surpassed $600 million, with the annualized funding rate rising to 337%, signaling the accumulation of bullish forces. On the Hyperliquid ecosystem trading platform trade.xyz, MU's 24-hour trading volume reached $270 million, open interest rose to $167 million, and the annualized funding rate was 51%, with bulls dominating. On OKX, the 24-hour trading volume of MU perpetual contracts was $214 million, with an annualized funding rate of 91%, also favoring long positions; On Bitget, MU perpetual contract trading volume in 24 hours is 61 million USD, with an annualized funding rate of 109%. Additionally, according to Coinglass data, about $3.4 million was liquidated on the MU chain in the past 4 hours, second only to BTC. Open interest in MU across the network surged 45.72% in 24 hours, reaching $291 million.

According to Bijie.com, Australia's core inflation rate in April remained above the upper end of the RBA's target range, further strengthening market expectations that the RBA will maintain a hawkish stance after consecutive rate hikes this year. Wednesday's data showed that the closely watched core inflation gauge—the annual cutoff average inflation rate excluding volatile items—rose 3.4% year-over-year, in line with economists' expectations. The RBA aims to keep inflation near the midpoint of the 2%-3% target range. The interest rate swap market currently pricing shows a probability of another rate hike in August at about 50%, down from 64% before the data release. Under the dual pressures of high borrowing costs and fuel prices surging due to the war in Iran, Australia's economy is beginning to show signs of weakness. The unemployment rate in April rose to a four-and-a-half-year high, while about one-third of companies reported declining revenues over the past four weeks and half increased operating costs. The market generally expects that after raising rates at the first three meetings this year, the RBA will keep the cash rate unchanged at 4.35% in June.

According to Bijie.com, the Reserve Bank of New Zealand will release a monetary policy statement today, and the market generally expects the official cash rate (OCR) to remain unchanged at 2.25%. Driven by surging refined oil prices following the outbreak of the Iran war, New Zealand's overall inflation rate is expected to exceed 4% and remain elevated for most of 2026. Economic growth forecasts are expected to be significantly lowered, with GDP growth currently projected at 1.8%-2.0% for 2026, compared to a 2.8% forecast in February, and the unemployment rate is expected to rise to around 5.5% by year-end. The OCR terminal rate forecast is expected to rise to around 3.2%, with the December 2026 rate forecast at around 2.8%, meaning two to three rate hikes this year. The core disagreement within the Monetary Policy Committee lies in the timing of rate hikes rather than the direction. The bank believes the reasons for keeping rates unchanged today are: limited hard evidence of a second round of inflation, high uncertainty related to the prolonged war, and premature tightening if the economic slowdown deepens could backfire. The second-quarter CPI data will be the first substantial test to test whether inflation is spreading outward from energy costs.

According to ChainCatcher, according to official sources, smart DeFi assistant Otomato has announced the completion of a $2 million funding round led by Improbable. Otomato is a no-code Web3 automation protocol and DeFi assistant that allows users to create, monitor, and automate on-chain operations, currently with over 3,000 users.

Odaily Planet Daily reports that the union has stated that Samsung Electronics union employees have approved the salary agreement. (Jin Shi)

According to Bijie.com, on May 27, 2026, the central parity rates of the RMB exchange rate in the interbank foreign exchange market are as follows: USD/RMB at 6.8291, up 3 points to 7.9234 for EUR/RMB, 1 point up to HKD/RMB at 0.87151, down 0.4 points to 9.1614 GBP/RMB, down 277 points to AUD/RMB at 4.8825, up 14 points to CAD/RMB at 4.9293, up 5 points to 100 JPY/ The renminbi was quoted at 4.2804, down 75 pips to 10.5788 in the Chinese ruble, up 507 pips to 3.9768 in the New Zealand dollar/renminbi, down 143 pips in the renminbi by 0.58309, up 29.8 pips to the Swiss franc/renminbi at 8.6768, and down 216 pips to 5.3315 in the Singapore dollar/renminbi, down 2 pips.

According to Bijie.com, Skyler Miao, head of MiniMax's engineering, teased the next-generation model M3 on X and unveiled a new attention architecture: MiniMax Sparse Attention (MSA). In the ultra-long context scenario of 1 million (1M) tokens, compared to M2, M3's attention latency in the prefill phase drops by about 9.7 times, and in the decode phase by about 15.6 times. As context windows move toward the million-level threshold, bottlenecks in long-text inference are shifting; video memory capacity (VRAM) is no longer the only limitation, and the computational cost of dense attention (FLOPS) has become the main bottleneck. Redis founder Salvatore Sanfilippo (Antirez) described the MSA route as the "right path," believing that the overhead of dense attention is unsustainable. The launch of MSA indicates that MiniMax is re-targeting the efficient attention route. Although the design path is clear, its stability still awaits technical reports and third-party reproduction.