Ethereum Funding Rates Set New High, May Trigger Clearing Risks

Digital asset investment products flowed in $2.19 billion in May, with Bitcoin accounting for almost all of the demand. （Cointelegraph）

The Federal Reserve's Beige Book shows that economic activity in most parts of the United States is growing slowly to moderately, with almost no change in employment. Inflation in most regions has risen due to the Middle East war pushing up energy prices. Policy makers are considering retaining the option of tightening policies, but officials believe that the current interest rate situation is still favorable.

Ethereum Funding Rates on Binance have reached their highest level since early 2026. ArabxChain stated that the continuous decline of Bitcoin coupled with high funding rates may increase the risk of long liquidation if the price fails to rebound strongly. （CryptoQuant）

A rare 25 BTC Casascius coin minted by Mike Caldwell between 2011 and 2013 had its tamper proof hologram unveiled this week, marking the first on chain transfer of $1.78 million in Bitcoin in 12 years. （CoinDesk）

The Federal Reserve accepted $2.062 billion from 35 counterparties in its fixed rate reverse repo operation.