On May 9, statistics showed that by the end of the first quarter, the debt held by the public in the United States reached $31.27 trillion, while the nominal GDP estimate for the past 12 months (from April 2025 to March 2026) was $31.22 trillion. This means that the debt-to-GDP ratio has risen to 100.2%, marking the first time since the end of World War II that this threshold has been breached during a non-emergency period (such as the early stages of a pandemic). The Congressional Budget Office (CBO) predicts that under current trends, by 2030, US debt will rise to 108% of GDP, surpassing the post-World War II record, and will soar to 120% by 2036. (Dongxin News Agency)
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US Debt Exceeds GDP for the First Time in 80 Years
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Astarter locks in the DeFAI liquidation layer, occupying a critical position in emerging categories that remains unfilled by competitors
With the rapid rise of the DeFAI (Decentralized Finance x Autonomous AI Execution) category in 2026, Astarter has secured the "clearing layer" position within this space, which remains unclaimed by competitors. Astarter is a decentralized AI + DeFi (DeFAI) infrastructure built for Web4, designed to create an economic system executable by AI, enabling autonomous AI agents to independently perform on-chain trading execution, strategy optimization, and real-time data processing. Industry comparative analysis reveals that the first three layers of the AI Agent economic architecture are already occupied by leading projects such as Olas, Virtuals, and Fetch.ai, leaving the "clearing layer" long vacant. Astarter, with its operational DeFi stack of four products since 2021, stands as one of the few publicly recognized projects to claim this position. -
Central Bank's Open Market Operations Net Withdrawal of 243 Billion Yuan Today
On May 25, the People's Bank of China conducted a 258 billion yuan 7-day reverse repo operation today, with a bidding amount of 258 billion yuan and a winning amount of 258 billion yuan, at an operation rate of 1.40%, unchanged from before. Due to the maturity of 500 billion yuan in 1-year Medium-term Lending Facility (MLF) and 10 billion yuan in 7-day reverse repos today, there was a net withdrawal of 243 billion yuan. -
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Iranian Official: Management of the Strait of Hormuz Will Not Return to Pre-War Status
On May 25, local time May 24, Rezaei, spokesperson for Iran's National Security and Foreign Policy Committee, stated that the management of the Strait of Hormuz will not return to its pre-war status. He also mentioned that the strait is currently under Iranian control, and after the end of the state of war, Iran can facilitate the passage of vessels. Rezaei further stated that Iran has not negotiated with the United States regarding its enriched uranium stockpile and will never back down from its current position; the U.S. has no choice but to accept Iran's conditions. -
Trump: US-Iran Agreement 'Not Fully Negotiated Yet'
On May 25, U.S. President Trump stated on the 24th that the agreement between the United States and Iran is 'not fully negotiated yet,' accusing some uninformed individuals of 'unfounded criticism.' Trump posted on social media, saying, 'If I reach an agreement with Iran, it will be a good and appropriate agreement.' 'No one has seen it or knows its contents. It is not fully negotiated yet. So don't listen to those losers who criticize something they don't understand at all.' According to U.S. media reports, although the draft of the agreement has not been made public, some individuals in the U.S. have criticized it fiercely, claiming it actually undermines the goals set by the Trump administration. White House officials told the media that it will take 'a few more days' to finalize the agreement between the U.S. and Iran. (Xinhua News Agency) -
Vitalik: Ethereum Foundation is Not the Central Manager of the ETH Ecosystem, Future Development Will Shift to 'Small and Long-term' Approach
On May 25, Ethereum founder Vitalik shared his views on the future development direction of the Ethereum Foundation in a post on the X platform. He emphasized that this is just his personal opinion. The board does not consist solely of him, and he does not have more special powers than other board members. Aya Miyaguchi is leading most of the execution work for this transformation, while his own involvement is more focused on technical issues. The board is currently expanding, and his influence within the organization will continue to decline in the future, which, frankly, is what he hopes to see. By 2025, the Ethereum Foundation has made significant improvements in its execution capabilities. Many issues have been resolved, and the foundation continues to benefit from greater efficiency and a stronger focus on specific goals. However, as these issues were addressed, he began to care more about another concern: he often sees people saying, 'Vitalik has always talked about Ethereum needing to be decentralized, having privacy, and becoming a shelter technology, but why do the actions of the Ethereum Foundation not reflect these ideals?' Of course, there are those who hold completely different views. Some do not feel there is a crisis at all, but rather believe that the Ethereum Foundation has finally begun to take execution and business development seriously, and the next focus should be to continue along this path faster and stronger. Vitalik believes that this difference essentially reflects varying sensitivities to different types of criticism, and he is more easily hurt by criticisms regarding deviations from values. Vitalik stated that the Ethereum Foundation should not be 'the center of Ethereum,' but rather 'a node with clear responsibilities, existing alongside other nodes.' In the past, they have always said this, but many people in the ecosystem, including some within the foundation, hoped the foundation would become a true center. Now, they are taking concrete actions to ensure the foundation becomes the latter. This is particularly important because the Ethereum Foundation is essentially a resource-limited and organizationally limited entity. The foundation currently holds only about 0.16% of all ETH, which is even lower than many large ETH holders; whereas many other blockchain projects' 'central foundations' typically control 10%-50% of their tokens. The current Ethereum Foundation has decided to use its remaining resources to pursue 'long-term viability' rather than continuous expansion (which also means they will sell less ETH). The foundation will focus on those things that are crucial for Ethereum to become a censorship-resistant, control-resistant, open, private, and secure system, but that no one else would do if the foundation does not. This means they must make difficult choices. Some projects and individuals they highly respect may no longer belong to the foundation's system in the future. In fact, if they want important tasks to attract external capital, it may be necessary to keep some talented individuals, influential public figures, and those who share the mission and CROPS philosophy outside the foundation. This also means that the Ethereum Foundation will take a clearer and more principled stance on a cultural level.
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