Abraxas Capital deposited 36,520 ETH worth $96.2 million to Binance in the past 12 hours
According to Lookonchain monitoring, Abraxas Capital deposited 36,520 ETH (worth $96.2 million) to Binance in the past 12 hours.
Strive CEO calls on Mark Zuckerberg’s Meta to buy Bitcoin to bolster its balance sheet
Strive CEO Matt Cole called Meta CEO Mark Zuckerberg during the Bitcoin 2025 conference, calling on Meta to buy Bitcoin to replenish its balance sheet.
Metaplanet issues $21 million interest-free ordinary bonds to increase BTC holdings
According to an official announcement, Japanese listed company Metaplanet announced the issuance of $21 million interest-free ordinary bonds to purchase additional BTC.
The U.S. SEC will hold a roundtable meeting on "DeFi and the American Spirit" on June 9
According to the official announcement of the SEC, the Crypto Working Group of the U.S. Securities and Exchange Commission (SEC) announced that it will hold a roundtable meeting on "DeFi and the American Spirit" at its headquarters in Washington on June 9. The event will be live-streamed, with panel discussions and public Q&A sessions. Official participants include: SEC Chairman Paul S. Atkins; Chief Assistant for Crypto Affairs Richard B. Gabbert, SEC Commissioner Caroline A. Crenshaw, SEC Commissioner Mark T. Uyeda, and SEC Commissioner Hester M. Peirce. Guests include: Rebecca Rettig, representative of Jito Labs, representative of Paredes Strategies, representative of Espresso Systems Jill Gunter, DBA representative Michael Jordan, representative of Arktouros Michael Mosier, representative of MetaLeX Gabe Shapiro, representative of Venice AI Erik Voorhees, and Kevin Werbach of the Wharton School of Business.
According to Bloomberg, BlackRock, the world's largest asset management company, plans to subscribe to about 10% of the shares in Circle Internet Group's initial public offering (IPO). Circle and its shareholders (including CEO Jeremy Allaire) intend to raise up to $624 million through the IPO, and Ark Invest has expressed its intention to subscribe to $150 million of shares. Circle's USDC stablecoin is currently held by 90% of the reserves in the government money market fund managed by BlackRock, which has a size of $53.5 billion as of May 22. The IPO pricing will be determined on June 4, and the current subscription demand has exceeded the issuance volume by several times.
Musk announces he will leave Trump administration
According to Jinshi, Musk said that his time as a special government employee is coming to an end. Analysts at the financial website Forexlive said, "Musk has made a dignified exit. He is disappointed that the little achievements he made in DOGE were all wasted by a huge welfare bill that increased debt. Tesla misses Musk very much. Shareholders will welcome his return."
According to Jinshi, U.S. Vice President Vance welcomed the entry of cryptocurrencies into the "mainstream" of the U.S. economy, vowed to develop "innovation-supporting" rules for digital assets, and praised the cryptocurrency billionaires who supported Trump's bid for the presidency last year. Speaking to thousands of orange-clad Bitcoin investors in Las Vegas on Wednesday, Vance touted the rise of cryptocurrencies and predicted that the number of Americans holding Bitcoin would soon double. "We want our fellow Americans to know that cryptocurrencies and digital assets, especially Bitcoin, are part of the mainstream economy and are here to stay," Vance said on a stage named after Bitcoin's anonymous developer Satoshi Nakamoto. Vance said the Trump administration would quickly develop a regulatory framework for tokens pegged to the U.S. dollar. The next priority will be to create a "transparent and tailored digital asset regulatory framework - one that supports innovation and fully integrates cryptocurrencies into the mainstream economy." In addition, according to Cointelegraph, Vance claims that he still holds a considerable amount of Bitcoin.
New York City Mayor Calls for End of NYDFS Crypto License Regime, Proposes Launch of 'BitBond'
According to CoinDesk, New York Mayor Eric Adams called for the abolition of the BitLicense crypto license system issued by the New York State Department of Financial Services (NYDFS) at the Bitcoin 2025 conference in Las Vegas, and proposed the idea of issuing Bitcoin municipal bonds "BitBond". Adams said: "Let's cancel the BitLicense and allow Bitcoin to circulate freely in New York," and promised to promote the creation of municipal bonds backed by Bitcoin. According to the plan released by the Bitcoin Policy Institute in March, 90% of the funds raised from such bonds will be used for government spending, and 10% will be used to purchase Bitcoin. Holders can receive 1% annualized interest and part of the Bitcoin appreciation income.
According to CoinDesk, Nasdaq-listed energy company VivoPower International (VVPR) announced the completion of a $121 million private placement financing and will transform into a crypto asset reserve strategy centered on XRP. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led the $100 million investment, and former SBI Ripple Asia executive Adam Traidman will serve as chairman of the advisory board. According to SEC documents, the company plans to issue 20 million common shares at $6.05 per share.
Trump's son predicts Bitcoin price will exceed $170,000 by the end of 2026
According to The Block, Donald Trump Jr., the eldest son of US President Trump, and Eric Trump, the second son, predicted at the Bitcoin 2025 conference in Las Vegas that the price of Bitcoin may exceed $170,000 by the end of 2026. Eric revealed that Michael Saylor, the founder of MicroStrategy, had suggested that the Trump family mortgage Mar-a-Lago to invest in Bitcoin and guided them to establish a crypto asset reserve strategy. The Trump family has recently entered the crypto field in many businesses: the parent company of Truth Social plans to raise $2.5 billion to establish a Bitcoin reserve; the joint venture mining company American Bitcoin plans to go public through SPAC; and the World Liberty project plans to launch a stablecoin.
According to The Block, the crypto AI project Freysa AI has quietly completed $30 million in financing through its affiliated entity Eternis AI, with participation from Coinbase Ventures and Selini Capital. The project is developed based on the Base blockchain and aims to build a "personal AI digital twin". A spokesperson for Selini Capital said the company invested in Freysa's token round involving its native FAI token, but declined to comment on the $30 million figure or share more details. A spokesperson for Coinbase Ventures said the company invested in Eternis as part of the project's $30 million financing. The Freysa team revealed in its Telegram group this month that it has received more than $30 million in funding. Eternis AI was co-founded in 2024 by Srikar Varadaraj (who founded the credit scoring project Spectral), Pratyush Ranjan Tiwari (former Celo member), Ken Li (former Binance Labs investment director) and Augustinas Malinauskas (former CTO of Views). The team says its members include PhDs in cryptography and theoretical physics and serial entrepreneurs.
Circle freezes 58 million USDC in Solana wallet addresses related to the Libra team
According to Decrypt, stablecoin issuer Circle recently froze two Solana wallet addresses related to the Libra token team, involving about 58 million USDC. Blockchain browser Solscan shows that the frozen addresses hold 44.59 million and 13.06 million USDC respectively. The freeze stems from the legal dispute caused by the meme coin Libra incident. The token soared to billions of dollars in market value after Argentine President Javier Milei promoted it in February, and then plummeted 90%, accused of being a pump-and-dump scam. Burwick Law Firm, which focuses on the crypto field, said the freeze was requested by a temporary restraining order it applied for; while Martin Romeo, the plaintiff in the Argentine lawsuit, said the freeze was initiated by the Argentine judiciary.
Musk denies xAI and Telegram deal has been signed, TON token price falls
According to CoinDesk, Telegram founder Pavel Durov previously said that he had reached a cooperation intention with Musk and planned to introduce xAI's Grok artificial intelligence technology to Telegram this summer to provide services to more than one billion users and integrate it into all applications. The news once pushed the price of Telegram's related token TON up 14%. However, Musk tweeted on Wednesday night to clarify: "No agreement has been signed." As soon as this statement came out, the price of TON fell from $3.60 to $3.40.
According to CCTV News, on May 28 local time, the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting from May 6 to 7. The minutes showed that the Federal Reserve agreed to maintain the target range of the federal funds rate between 4.25% and 4.5%. Participants agreed that the committee would carefully evaluate subsequent data, changing prospects, and the balance of risks when considering the magnitude and timing of further adjustments to the target range of the federal funds rate. The minutes stated that in assessing the appropriate monetary policy stance, the committee will continue to monitor the impact of future information on the economic outlook. If risks arise that could hinder the achievement of the committee's goals, they will be prepared to adjust the monetary policy stance as appropriate. Participants said their assessment would take into account a wide range of information, including labor market conditions, inflationary pressures and inflation expectations, as well as financial and international developments. The committee assessed that the uncertainty in the economic outlook has further intensified, and the risks of rising unemployment and rising inflation have increased. Participants noted that if inflation persists and economic growth and employment prospects weaken, the committee may face a difficult trade-off. The ultimate extent of the government's policy adjustments and their impact on the economy are highly uncertain. Against this backdrop, all participants agreed that it was appropriate to maintain the target range for the federal funds rate at 4.25%-4.5%. In considering the outlook for monetary policy, participants agreed that given the continued robustness of economic growth and the labor market, the committee was fully capable of waiting for a clearer outlook for inflation and economic activity. It is appropriate to adopt a cautious approach until the net economic effects of a series of government policy adjustments become clearer. In addition, according to Jinshi, the minutes of the Fed meeting pointed out that the baseline policy path implied by option prices (representing mainstream market expectations) moved slightly downward during this period, indicating that interest rates may be cut 1 to 2 times (25 basis points each time) by the end of the year.
Pakistan announces plans to establish government-led strategic Bitcoin reserve
According to Cointelegraph, Bilal Bin Saqib, chairman of the Pakistan Cryptography Committee, announced at the "Bitcoin 2025" conference in Las Vegas on May 28 that the country will establish a government-led strategic reserve of Bitcoin. The move marks a major shift in the Pakistani government's stance on cryptocurrencies, after the country had previously made it clear that it would never legalize cryptocurrencies. Saqib said Pakistan was inspired by US policy to take this action. In February 2025, the government established the "National Cryptography Committee" to explore the regulatory framework, and in May announced the allocation of 2,000 megawatts of excess electricity for Bitcoin mining and high-performance computing data centers. Binance co-founder Zhao Changpeng serves as an advisor to the committee. On April 27, Trump's World Liberty Financial (WLFI) signed a letter of intent with Pakistan to assist the country in tokenizing real assets and building a DeFi architecture. In May, the Pakistani Ministry of Finance also established a new "Digital Asset Management Bureau" to regulate crypto platforms and issue operating licenses.
Reminder: FTX will distribute more than $5 billion in stablecoins to creditors this Friday
The FTX bankruptcy management team previously announced that it would launch a second round of repayments on May 30, 2025, distributing more than $5 billion in stablecoins to eligible creditors. This repayment covers both "convenient" and "non-convenient" creditors, with a repayment ratio ranging from 54% to 120%, depending on the type of claim and the amount reported. The funds will be distributed through BitGo and Kraken within 1 to 3 business days.
According to the official blog of Polygon, Katana, a DeFi-specific chain incubated by Polygon Labs and GSR, has now launched a private mainnet, and the public beta is expected to start at the end of June. Katana provides real returns through the Agglayer bridge system and VaultBridge structure, and becomes the first Agglayer chain to use CDK OP Stack. Katana will airdrop about 15% of KAT tokens to users who stake POL on Ethereum. Currently in the pre-deposit stage, users can deposit assets such as ETH and USDC to win KAT token rewards.
UK FCA issues new rules for stablecoin issuance and crypto custody, seeking comments
The UK Financial Conduct Authority (FCA) has published regulatory recommendations on stablecoin issuance, crypto asset custody and corporate financial soundness, aiming to build a safe and competitive crypto market. The recommendations require stablecoins to maintain a stable value and disclose asset support to users; custodians must ensure that user assets are safe and accessible at any time. The proposal was formulated after multiple rounds of communication between the FCA and the market. The deadline for soliciting opinions is July 31, and the final rules will be released in 2026.
According to the Cork Protocol announcement, a security incident occurred in the wstETH:weETH market of the platform at 11:23 UTC today. At present, in order to prevent the risk from expanding, Cork has suspended all other market transactions, and no other markets have been affected. The team is actively investigating the cause of the incident and will continue to update relevant progress.
DWF Labs receives 20 million SOPH for market making
According to Lookonchain, DWF Labs has received 20 million SOPH tokens for market making purposes. On-chain transaction records show that the relevant transfer has been confirmed through the SOPHScan platform.
Euler will launch EulerSwap, a DEX platform integrating lending income
According to The Block, Ethereum lending protocol Euler will be launched on the decentralized exchange EulerSwap, combining the Uniswap v4 architecture and lending mechanism to provide LPs with an efficient return strategy for reusable assets. The platform supports LPs to directly inject funds into the lending vault, so that they can participate in market making, earn interest and mortgage lending at the same time, simulating a liquidity depth of up to 50 times that of traditional AMMs. Each pool is managed by a single LP, which is suitable for DAOs or market makers to customize liquidity strategies. Euler said that the platform has completed 5 rounds of audits and will launch a $500,000 security challenge.
Conduit Completes $36 Million Series A Funding, Dragonfly Capital Leads Investment
According to Fortune Crypto, the stablecoin company Conduit announced the completion of a $36 million Series A financing, led by Dragonfly Capital, with participation from Sound Ventures, Altos Ventures, DCG and Commerce Ventures. This round of financing brings the company's total fundraising to $53 million, with an undisclosed valuation. Conduit was founded by Kirill Gertman in 2021 and focuses on building stablecoins and related infrastructure.
Telegram and xAI reach a cooperation, Grok AI will be integrated into the Telegram application
Telegram founder Pavel Durov said in a post that Telegram has reached a one-year cooperation agreement with Elon Musk's xAI company to integrate Grok AI into the Telegram application and distribute it to more than 1 billion users. Telegram will receive $300 million in cash and equity from xAI, and will also enjoy 50% of the xAI subscription revenue sold through the platform.
eToro resumes trading of 12 crypto assets, restarts expansion into the U.S. market
According to Decrypt, after reaching a settlement with the SEC and launching an IPO, multi-asset trading platform eToro announced that it would re-list 12 crypto assets on the US platform, including Cardano, Dogecoin, XRP and Shiba Inu, bringing the number of tradable tokens in the US to 15. Previously, due to regulatory pressure, eToro only retained three assets, BTC, ETH and BCH, in 2024.
GameStop announces purchase of 4,710 Bitcoins
According to Business Wire, GameStop Corporation (NYSE: GME) announced that it has purchased 4,710 bitcoins as part of the company's financial reserves. This decision continues the new financial policy approved by its board of directors in March, which aims to include Bitcoin in the company's asset portfolio.
Binance Wallet will launch the 20th TGE: Reddio (RDO)
According to Binance Wallet’s official Twitter account, the 20th exclusive TGE event will be launched on May 29th from 16:00 to 18:00 (Beijing time) through PancakeSwap, and users need to use Binance Alpha points to participate in the subscription. The official also announced that an additional 400 million RDO will be used for related activities that will be launched soon, and the specific details are to be announced.
Vietnamese police crack down on crypto scam called Matrix Chain, involving nearly $400 million
According to the official website of the Vietnamese Ministry of Public Security, the Dong Nai Provincial Public Security Bureau of Vietnam and police from many places cracked a crypto fraud case called Matrix Chain, involving 394.2 million USDT (approximately 10 trillion Vietnamese dong), and arrested 5 main suspects. The gang is suspected of setting up a virtual currency platform "Matrix Chain (MTC)" to carry out large-scale fraud. Since 2023, the gang has lured more than 138,000 accounts to invest through multi-level pyramid schemes and false promises, and transferred funds through SafePal wallets, making illegal profits and purchasing multiple properties. The main culprit Nguyen Quoc Hung once spent $20,000 to commission an anonymous developer to build a platform, and manipulated 100 million MTC tokens to manipulate the price of the currency to commit fraud.
According to the Wall Street Journal, Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debts issued in 2021 and due next year. Investors include existing supporters Blackstone Group, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel. Bondholders can convert to shares at a discount when Telegram goes public in the future. Although CEO Pavel Durov was restricted from leaving the country for allegedly failing to cooperate with the French police investigation, Telegram achieved a profit of $540 million in 2024, with more than 1 billion monthly active users and more than 15 million paying users.
