According to Yonhap News Agency, a South Korean court partially granted Samsung Electronics' request for an injunction against a planned strike by its labor union. The South Korean KOSPI index rebounded, reversing a previous 4.68% decline. (Jinshi)

According to an article published on the X platform by blockchain analyst Yu Jin, market trading activity is currently much lower than at the bottom of the last bear market (December 2022), even though the prices of major cryptocurrencies are still far higher than at that time. BTC: At the bottom of the last cycle, the average daily trading volume of BTC/USDT on Binance was around $2 billion, while now it's only around $500 million. The current price is 4.5 times that of the last bottom. The last correction was -75%, while this round has seen a decline of -38% from the high. ETH: At the bottom of the last cycle, the average daily trading volume of ETH/USDT was around $400 million, while now it's only around $200 million. The current price is 1.7 times that of the last bottom. The last correction was -75%, while this round has seen a decline of -54% from the high. BNB: At the bottom of the last cycle, the average daily trading volume of BNB/USDT was around $50 million, and it's still around that level now. The current price is 2.7 times that of the last bottom. The last correction was -65%, and this round has fallen 50% from the high point so far.

Odaily Planet Daily reports that Bain Capital announced on May 18th that its sixth Asia fund (“Asia Fund VI”) has completed its final fundraising, reaching a total size of US$10.5 billion, with approximately US$9.1 billion coming from external investors, exceeding its previous fundraising target of US$7 billion. Yuji Sugimoto, Partner and Head of Asia Private Equity at Bain Capital, stated that the company remains optimistic about the vast opportunities in the Asian market and will increase investment in talent development, technology empowerment, and upgrading its platform capabilities to achieve business growth at a steady and prudent pace. Currently, Bain Capital focuses its investments on technology, industrials, consumer goods, healthcare, and commercial and financial services. (Yicai)

According to Odaily Planet Daily, SlowMist's Yu Xian posted on the X platform that the Verus theft may have been caused by an attacker constructing a fake Merkle proof that passed the verification of the Verus Ethereum bridge (not open source), thus successfully withdrawing funds (ETH/tBTC/USDC). Further details require verification.

According to Odaily Planet Daily, on-chain analyst Tom Wan stated in an article published on the X platform that ETH utilization has currently fallen below 90%, and the lending APY has dropped to 1.9%. Since the attack on the rsETH LayerZero cross-chain bridge, wstETH and weETH deposits have decreased by approximately $1.2 billion and $1.76 billion, respectively. With the revolving leverage strategy of wstETH/weETH against ETH returning to profitability, market attention has shifted to whether demand for ETH revolving leverage will return, or whether funds will continue to wait and see or flow to protocols such as Spark and Morpho.