Tether

LME aluminum futures closed up by $14, at $3,637/ton. LME zinc futures closed down by $33, at $3,522/ton. LME lead futures closed up by $25, at $2,004/ton. LME nickel futures closed down by $202, at $18,727/ton. LME tin futures closed down by $786, at $53,248/ton. LME cobalt futures were flat, at $56,290/ton.

The yield on the 2-year German bond rose by 3.1 basis points to 2.685%; the yield on the 30-year German bond fell by 0.7 basis points to 3.621%. The spread between the 2-year and 10-year German bond yields narrowed by 2.672 basis points to +41.169 basis points. The yield on the 10-year French government bond rose by 0.9 basis points, the yield on the 10-year Italian government bond rose by 1.2 basis points, the yield on the 10-year Spanish government bond rose by 1.2 basis points, and the yield on the 10-year Greek government bond rose by 1.1 basis points. The yield on the 10-year UK government bond fell by 2.2 basis points to 4.965%. The yield on the 2-year UK government bond rose by 0.9 basis points to 4.375%. The yield on the 30-year UK government bond fell by 2.6 basis points and the yield on the 50-year UK government bond fell by 2.2 basis points. The spread between the 2-year and 10-year UK government bond yields narrowed by 3.049 basis points to +59.071 basis points.

BlockBeats News, May 22, the cross-chain settlement protocol EverclearOrg announced the closure of the foundation, Labs, and product development. The core reason was that its solver-based cross-chain fund rebalancing model, despite reaching a monthly $500 million transaction volume, faced user price sensitivity, making it difficult to convert into substantial revenue. The announcement stated that the pivot to B2B2C partner collaborations over the past six months did not materialize in a timely manner, and acquisition options also failed. After the funds were depleted, a decision was made to shut down in an orderly manner. The protocol has been taken offline, with no user funds trapped, and the UI and chain are currently unavailable. The DAO will continue to operate and explore protocol open-sourcing. If there is remaining funding, a CLEAR token buyback will be considered.