BlockBeats News, May 28th, Agent of "BTC OG Whale" Garrett Jin released the "Weekly Market Signal Strategy", stating that geopolitics and the US Dollar are still at a standstill: The situation in the Strait of Hormuz remains unresolved after the US targeted Iran. Although US Secretary of State Pompeo mentioned "good news", the White House denied Iran's draft peace agreement. The long-term US Treasury bond yield continues to hover near a 19-year high of 5.07–5.18%, and while the S&P 500 briefly hit a new high, it quickly retreated. Garrett Jin believes that a single catalyst is unlikely to break the market, and a true turning point can only be triggered by the combination of at least two out of the three factors: credit, the Fed, and geopolitics.

In addition, AI capital expenditure is rapidly expanding from the US to Asia. ByteDance’s capital expenditure is set to soar to a record high of $70 billion this year, while Tencent and Alibaba are also increasing their expenditure simultaneously. The AI competition has escalated into a sovereignty issue.