News

On May 28, the public relations department of the Islamic Revolutionary Guard Corps (IRGC) Navy announced that in the past 24 hours, 26 commercial ships and oil tankers passed through the safe passage of the Hormuz Strait after obtaining permission and coordinating with the IRGC Navy. The announcement stated that obtaining permission and coordinating is mandatory for navigation in the Hormuz Strait. As previously announced, passing through other routes will be considered interference with navigation and will be dealt with accordingly. Last night, several vessels attempted to illegally enter the Persian Gulf by tampering with and shutting down their navigation systems. After multiple radio warnings, the IRGC Navy intercepted and halted two of these vessels, while the others were forced to turn back. The announcement also indicated that the US military violated the ceasefire agreement in the region by launching several missiles at an open area near Bandar Abbas Airport, causing no damage. However, in response to this violation, the base from which the US military launched the attack was counterattacked. 'If the US military takes such actions again, they will face our severe response. The control and management of the Hormuz Strait is entirely the responsibility of the IRGC Navy, and any interference with the Strait will be met with our decisive response.' According to monitoring by PolyBeats, the probability of the Hormuz Strait being navigable by the end of this month is now less than 1%, and the probability of it being navigable by the end of next month has dropped to 34%.

On May 28, the Guangzhou Futures Exchange announced an adjustment to the position limits for general months of lithium carbonate futures contracts: starting from the LC2610 lithium carbonate futures contract, from the listing date of the contract until the ninth trading day before the delivery month (i.e., general months), if the single-side open interest of the contract exceeds 60,000 lots, the position limit will be 5% of the open interest of the contract; if the single-side open interest is within 60,000 lots, the position limit will be 3,000 lots. A relevant official from the Guangzhou Futures Exchange stated that this adjustment to the general month position limits for lithium carbonate futures was made based on a thorough evaluation of the contract’s performance, taking into account market development needs and the requirements of "strong supervision, risk prevention, and promoting high-quality development," aiming to ensure the smooth operation of the futures market. Moving forward, the Guangzhou Futures Exchange will continue to optimize contract rules, strengthen risk assessment and market supervision, and focus on ensuring the safe and stable operation of the futures market. Industry insiders pointed out that this adjustment can be interpreted as a tightening of position limits and stricter position management. However, industrial clients can still apply for hedging position quotas according to their operational needs, and this position limit adjustment will not affect industrial clients' participation.

Odaily reports that, according to Hyperbot data, former HYPE top long Loracle currently has a total unrealized loss exceeding 19.5 million US dollars across all positions, with an investment return rate of 112.56%. The current positions include: 1. 5x leveraged HYPE short position, holding 1,807,855.30 HYPE, with an unrealized loss of 20.71 million US dollars; 2. 10x leveraged BTC short position, holding 468.43504 BTC, with an unrealized gain of 860 thousand US dollars; 3. 20x leveraged xyz:XYZ100 short position, holding 25.617 xyz:XYZ100, with an unrealized loss of 17 thousand US dollars; 4. 3x leveraged VVV short position, holding 47,728.09 VVV, with an unrealized gain of 160 thousand US dollars; 5. 10x leveraged xyz:TSLA short position, holding 1,029.358 xyz:TSLA, with an unrealized loss of 10 thousand US dollars; 6. 5x leveraged TON short position, holding 3,749.3 TON, with an unrealized loss of 55 US dollars.