ChainCatcher News, U.S. Treasury Secretary Yellen stated in a letter to Congress members regarding the potential default timeline: "Based on the latest available data, we now estimate that if Congress has not raised or suspended the debt ceiling by June 5, the Treasury will not have sufficient resources to meet the government's obligations."Yellen noted that the Treasury will be able to disburse over $130 billion in scheduled payments in the first two days of June, including payments to veterans, Social Security, and Medicare beneficiaries. These payments will reduce the Treasury's resources to very low levels. (source link)

ChainCatcher news, according to data from intotheblock, the correlation between Bitcoin and precious metals has increased recently.Intotheblock indicates that this phenomenon may be related to the macro focus shifting from interest rates to the banking crisis and the risk of default in the United States. Additionally, the recent rebound of the U.S. dollar index (DXY) may also be an important factor contributing to the simultaneous decline in the prices of Bitcoin and precious metals. (source link)