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BlockBeats news, on June 1, crypto trading platform Kraken announced that after the U.S. Commodity Futures Trading Commission (CFTC) approved Bitcoin spot-linked perpetual futures contracts, the company plans to roll out regulated Bitcoin perpetual contract products for U.S. institutional clients within the next 30 days.
Kraken stated that once the relevant products are approved, they will be launched on Bitnomial Exchange, a CFTC-regulated trading platform recently acquired by its parent company Payward. Previously, in April, Payward announced the acquisition of the crypto derivatives platform Bitnomial for up to $550 million to expand its footprint in the crypto derivatives market.

BlockBeats news, on June 1st, per the (New York Times), as the 2026 midterm elections approach, President Trump is tightening his grip on the GOP. Multiple media outlets have reported that candidates backed by Trump are maintaining a high win rate in this year's Republican primaries, with Texas Attorney General Ken Paxton defeating seasoned Senator John Cornyn being the latest manifestation of his dominance over the party's direction.
However, analysts believe that Trump's success in the party primaries doesn't necessarily translate to victory in the midterms. With the economy, inflation, and foreign policy issues continuing to brew, the GOP still faces challenges in appealing to a broader electorate. Some Republican strategists are concerned that Trump's ongoing push for a 'loyalty-first' candidate selection process could undermine the party's competitiveness in swing states and with moderate voters.

BlockBeats reports that on June 1st, Changxin Technology's Sci-Tech Innovation Board IPO recently passed the review by the Shanghai Stock Exchange listing committee. The prospectus shows that the company has implemented two phases of employee stock ownership plans, granting a total of 6,760 shares to employees, with the second phase's stock cost at only 0.108 CNY per share. Based on market expectations estimating a valuation over 20 trillion CNY, Changxin Technology's listing could create at least 13 billionaires and thousands of millionaires.
On the performance side, Changxin Technology achieved a revenue of 50.8 billion CNY in Q1 2026, a year-on-year growth of 719%, with a net profit attributable to shareholders of 24.76 billion CNY, turning profitable year-on-year; in 2024, its global DRAM market share ranks fourth, and first in China. Another domestic storage giant, Yangtze Memory Technologies, has also started its listing guidance, with its NAND flash global market share surpassing 10%.

BlockBeats reports that on May 31, Bitcoin remained in a range around $73,500 over the weekend. If this level holds, Bitcoin will record a monthly drop of about 3% for May. Next week, U.S. labor market data will become a significant variable affecting risk assets, including ISM manufacturing PMI, ADP employment data, and the non-farm payroll report. Bitwise's European research director, Andre Dragosch, states that if Bitcoin continues to trade in line with economic growth and risk appetite logic, it should be repriced higher from the current level.
Trader Rekt Capital indicates that $73,000 is the current key support level. If Bitcoin closes above this level on the weekly chart, it will favorably confirm a double bottom breakout pattern and drive subsequent bullish trends.

BlockBeats news, on May 31, the Cardano Foundation announced that the Cardano 2026 summit scheduled for this year has been officially canceled due to the on-chain governance vote not reaching the required two-thirds support threshold.
Previously, the Cardano Foundation submitted a revised proposal requesting a withdrawal of 7.8 million ADA (approximately $2 million) from the treasury to host the summit in Singapore this October. Although the proposal garnered a 65.21% DRep staking support rate and a majority of representatives in favor, it fell short of the 66.67% approval threshold needed for treasury funding proposals.
Cardano founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard publicly urged support for the proposal before the voting deadline, but ultimately it did not pass.

BlockBeats news, on May 31, according to Coinglass data, if Bitcoin breaks through $75,000, the cumulative short liquidation intensity on major CEXs will reach $453 million.
Conversely, if Bitcoin falls below $72,000, the cumulative long liquidation intensity on major CEXs will hit $670 million.
BlockBeats note: The liquidation chart doesn't show the exact number of contracts waiting to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. Higher 'liquidation bars' indicate that once the price hits that point, there will be a stronger reaction due to liquidity waves.

BlockBeats news, on May 31, regarding the US-Iran ceasefire agreement and the opening of the Strait of Hormuz, Trump stated that the deal is close to being finalized and urged Iran to abandon its nuclear capabilities and open the Strait of Hormuz; however, Iran denied that it has approved the final text of the agreement and emphasized that there are still disagreements. US Secretary of Defense Esper warned that if negotiations fail, the US is prepared to resume military actions against Iran. If both sides can further confirm the ceasefire extension or reach a phased agreement next week, risk assets might continue to benefit, while oil prices and safe-haven assets could face new directional choices.

BlockBeats news, on May 31, according to HTX market data, Bitcoin is currently at $73,951.23, with a 24-hour increase of 0.38%; Ethereum is currently at $2,024.25, with a 24-hour increase of 0.32%, and ETH has regained the $2,000 psychological level. Current funding rates on major CEX platforms show that BTC sentiment has significantly improved compared to the previous two days, with most platforms nearing the 0.01% baseline, indicating a buildup of bullish sentiment; ETH remains neutral overall, with short pressure easing, but no effective bullish signal has formed yet, and the sentiment recovery is weaker than BTC.
BlockBeats note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a funding exchange mechanism between long and short traders; the trading platform does not charge this fee, and it is used to adjust the cost or yield of traders holding contracts to keep the contract price close to the underlying asset price.

Original Title: The Orchestration Tax
Original Author: Addy Osmani
Translated by: Peggy
Editor’s Note: As AI Agents become cheaper and easier to deploy, software development is entering a new phase: the issue is no longer whether we can launch more Agents, but whether humans have enough bandwidth to manage, assess, and merge their outputs.
This article introduces a thought-provoking concept - 'Orchestration Tax.' The cost to launch an Agent is minimal, just a prompt or a click; however, the real expense lies in the subsequent phases: verifying the correctness of results, understanding their impact on the system architecture, managing conflicts between different Agents, and ultimately deciding which code can be merged into the main branch. These tasks can't be easily parallelized and still rely on the same serial resource: human judgment.