News

Jinse Finance reported on May 28 that, according to monitoring by Onchain Lens, trader Garrett Jin further increased his long position in BTC (5x leverage), with his current holdings rising to 1,268 BTC, valued at approximately 94 million USD. Meanwhile, he still holds a Zcash short position (3x leverage), and his total unrealized profit has now exceeded 2.57 million USD.

```htmlJinse Finance reported on May 28 that Federal Reserve Vice Chair Jefferson stated that the current monetary policy is appropriate; he holds no preset stance on the outcome of the June Federal Open Market Committee meeting; and he expects inflation to ease later this year.```

ChainCatcher news, according to The Block, the stock prices of Bitcoin mining companies transitioning to AI and large-scale computing continue to rise. IREN rose over 13% on Wednesday, nearing an all-time high, after it previously announced $3 billion in convertible bond financing, a partnership with NVIDIA to build a 5 GW AI data center, and a $625 million acquisition of Mirantis. On Tuesday, it also reached a $1.6 billion agreement with Dell to supply Blackwell AI systems. Cipher and Hut 8 both hit all-time highs, with Cipher up about 9.5% to $25 and Hut 8 up nearly 5% to $118; over the past year, HUT has increased by nearly 600%. TeraWulf rose over 6% on Wednesday, with an annual increase of about 800%; its HPC business quarterly revenue exceeded its Bitcoin mining business for the first time. Riot rose 3.3% on Wednesday to $27, with first-quarter data center revenue of $33 million, mainly coming from AMD cooperation. This year, it has already sold some of its Bitcoin holdings to finance AI development and still holds nearly $1.2 billion in Bitcoin.