According to Huoxun Finance, the Cardano Foundation announced the cancellation of the Cardano 2026 Summit, originally scheduled for this year, due to the on-chain governance vote failing to reach the two-thirds majority threshold. Previously, the foundation submitted a revised proposal requesting 7.8 million ADA (approximately $2 million USD) from the Treasury to fund the summit in Singapore in October. This proposal received 65.21% DRep staking support and a majority of delegates in favor, but failed to meet the 66.67% threshold for Treasury funding proposals. The foundation's CEO and founders had publicly appealed for support before the voting deadline, but the proposal ultimately failed to pass.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $111 million, of which $61.6996 million were long positions and $49.7262 million were short positions. Specifically, BTC liquidations totaled $8.6954 million ($5.6986 million in long positions and $2.9968 million in short positions), ETH liquidations totaled $10.4279 million ($7.6646 million in long positions and $2.7633 million in short positions), and SOL liquidations totaled $2.5154 million ($2.0019 million in long positions and $0.5135 million in short positions).

According to Huoxun Finance, Gate DEX's Bonus Earning Zone will launch a USDD staking activity from 18:00 on May 31st to 18:00 on June 30th (UTC+8). Users participating in the USDD Earn protocol to stake USDD or USDT on the BSC network will receive a 4% APR and an additional 30,000 USDD reward; those participating in the corresponding staking on the ETH network will receive a 4% APR and an additional 20,000 USDD reward, with a total additional reward pool of 50,000 USDD. Rewards are settled daily based on individual staking ratios; the larger the staking amount and the longer the staking period, the greater the reward. During the same period, there are also special bonus rewards for small and medium-sized users, with a maximum of 200 USDD per person. This zone, launched on December 16, 2025, is a decentralized staking and interest-earning platform that supports multi-token staking. Users can participate with one click through the Gate wallet and enjoy on-chain asset appreciation services.

Odaily Planet Daily reports that the U.S. Department of Justice has charged a Google engineer with allegedly using insider information to trade on Polymarket, profiting $1.2 million. (Solid Intel)

Odaily Planet Daily reports that White House National Economic Council Director Hassett said on Sunday that the way the media reports economic news often leads people to overemphasize the most serious problems at a particular moment. "One thing I've noticed in the White House is that whenever a consumer price index looks a little disappointing, we only talk about that one thing," Hassett said on ABC's "This Week." He was referring to gasoline prices and their impact on inflation. Hassett stated that everyone should look at the big picture, not just energy prices or a particular area of the economy that is temporarily experiencing difficulties. "What you should do is take these fluctuations in stride and focus on changes in real wages," he said. "If you look closely, you'll see that increased employment, a rising stock market, and strong corporate profits are translating into higher wages." (Jinshi)