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1. Trump: The Strait of Hormuz blockade will continue until an agreement is reached with Iran 2. The US Republican Party is promoting the "ARMA Act" legislation, with plans to establish a national-level Bitcoin reserve 3. Spot gold rose 1% to $4,552.92/oz, and New York silver futures rose 2% to $77.77/oz 4. CME data: 67.9% probability of a Fed rate hike this year, with a 42.5% chance of an accumulated 25 basis point increase 5. Tom Lee: BitMine's ETH holdings may see unrealized losses expand to $10.1 billion 6. US-Iran conflict drives US Treasury yields up to 4.58%, which could increase fiscal interest expenses by $3 billion 7. Mark Cuban: Bitcoin fell while gold surged, not demonstrating its anti-inflation property 8. Kevin Hassett: Declining oil prices may create room for the Federal Reserve to cut rates These are the top highlights from the past 24 hours, click to read the full text:

Glonghui, May 25 — According to a research report by CICC, we have reviewed the stock prices and performance of the US medical devices sector so far this year. We are optimistic about a short-term recovery, though breakthroughs with high-potential blockbuster products are still awaited for the future. In the short to medium term, we believe the weak stock prices in the medical devices sector are at odds with solid fundamentals, and valuations for the sector have already bottomed out. We are optimistic about short- to medium-term recovery opportunities in the medical devices sector. In the long run, we think it is still necessary to wait for the emergence of major blockbuster products. At this stage, we recommend focusing on high-growth segments such as electrophysiology, structural heart disease, complex vascular interventions, surgical robots, and neuroscience.

```htmlGlonhui May 25th｜The mood among Americans is evidently very bad, but the stock market is clearly not reflecting this. Usually, this is not the case. Historically, high stock prices are often accompanied by happy consumers, and vice versa. How bad is consumer confidence? Americans have just set some kind of milestone. Last Friday, the University of Michigan reported that its Consumer Sentiment Index fell to the lowest level in more than 70 years of survey history. At the beginning of this year, consumer confidence was already at a low level; at the end of February, the outbreak of the Iran war caused gasoline prices to soar, and this indicator dropped sharply as a result. Before this year, the previous lowest point of the index occurred in June 2022, when inflation was at the highest level in decades. The consumer sentiment reading released on Friday was even 10% lower than that previous low. "Prices are still extremely high, the labor market has obviously weakened over the past four years, and now we're in the midst of a war," said Joanne Hsu, director of consumer surveys at the University of Michigan. "I don't think it's surprising that the index fell below the level of June 2022." However, looking at the stock market performance alone, also on Friday, the S&P 500 achieved its eighth consecutive week of gains, and the Dow Jones set a record closing high for the second consecutive trading day.```