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BlockBeats News, May 17th. As of Friday's close, the yield on the 10-year U.S. Treasury bond surged to a one-year high of 4.530%, surpassing the 4.50% policy inflection point that former President Trump had intervened in multiple times. On the other hand, changes in the Fed's leadership and macroeconomic data have led to an increasing expectation of rate hikes, with the possibility of a rate cut now seemingly completely ruled out. At the same time, the market is highly anticipating a rate hike decision by the Bank of Japan in June (with a probability as high as 80% on Polymarket). Furthermore, SpaceX's massive fundraising and renewed tensions between the U.S. and Iran are adding to the uncertainty. These factors are also expected to have a significant impact on market liquidity and confidence. Considering all these factors, risk assets are likely to face significant pressure in the short term. Unless strong measures are taken to reverse the situation, Friday's widespread decline may just be the beginning of an adjustment.

7:00 (UTC+8) - 12:00 (UTC+8) Keywords: WLFI, VanEck, SBI1. Wallet associated with WLFI sold 4,870 ETH;2. VanEck and Grayscale submitted BNB ETF amendment proposals on the same day;3. Firedancer client developed by Jump Crypto has been launched on the Solana mainnet;4. Japan's SBI Securities and Rakuten Securities plan to independently develop crypto investment trust products;5. Circle CEO: Willing to invest in teams exploring "allowing AI Agents to sign legal contracts" on Arc;6. Hyperliquid's largest long position whale saw its 114,000 ETH long position shift from a $13 million unrealized profit to a $10 million unrealized loss.

BlockBeats news, May 17, according to The Hill, U.S. Secretary of Energy Granholm said on Friday local time that the Strait of Hormuz "will be reopened at some point no later than this summer." Granholm stated that the United States "continues to expand U.S. natural gas exports." Although the closure of the Strait of Hormuz has resulted in a daily loss of 10 billion cubic feet of natural gas transport capacity, the U.S. still adds 2.5 billion cubic feet of new natural gas export capacity every day. "Shipping in the Strait of Hormuz will resume as soon as possible, but at the latest by this summer," Granholm said, adding that a related agreement could be reached "within the next few days" at the earliest. Granholm noted that if Iran "continues to hold the global economy hostage," the U.S. military will "forcefully reopen the Strait of Hormuz, but that is not easy to achieve." "We have already taken preliminary steps, but a better approach would be to reach an agreement rather than use military force."