According to GlobeNewswire, Trump Media submitted an S-3 registration statement to the US SEC, involving a Bitcoin vault financing plan that raised $2.3 billion from about 50 investors earlier. The funds will be used to establish a Bitcoin vault and general corporate purposes, and to register 56 million shares and 29 million convertible notes. The document also contains a general shelf registration to provide flexibility for subsequent capital operations.
According to Decrypt, Greg Solano, CEO of Yuga Labs, creator of Bored Ape Yacht Club, proposed to abolish ApeCoin DAO, and planned to transfer its assets and responsibilities to Yuga's new entity ApeCo, and terminate the governance rights of all APE holders. Solano criticized DAO for its inefficiency and waste of resources, saying "it's time to stop." If the proposal is passed, DAO will be completely dissolved, all unimplemented proposals will be invalidated, and ApeCo will lead the development of ApeChain, BAYC and Otherside projects.
Altman says OpenAI will appeal New York Times' request to retain all user conversation data Bitcoin ATM operator CoinFlip considers sale, targets $1 billion valuation
According to Bloomberg, CoinFlip, a global Bitcoin ATM network operator, is considering selling the company and has hired financial advisors to seek buyers. People familiar with the matter said the company's target valuation is at least $1 billion, but whether it can be achieved is still uncertain. CoinFlip was founded in 2015 and currently operates more than 5,500 cryptocurrency ATMs in the United States, Australia, New Zealand, South Africa and other places.
Uber considers using stablecoins to reduce cross-border payment costs
According to Bloomberg, Uber CEO Dara Khosrowshahi said at the Bloomberg Technology Conference in San Francisco that the company is in the process of studying the use of stablecoins to optimize the global money transfer process. He pointed out that stablecoins "have real benefits for global companies" and can significantly reduce the cost of cross-border transfers. Khosrowshahi called the technology "very interesting" and Uber is actively evaluating its application potential.
According to Bloomberg, Jim Esposito, president of Citadel Securities, warned at the Piper Sandler conference that the continued expansion of the U.S. fiscal deficit and government debt levels is a "time bomb" that must be handled with caution. He stressed that how the Trump administration handles this issue is crucial. Although Esposito said he does not predict a situation similar to the UK's 2022 bond market crisis, he pointed out that the current debt scale is close to the sustainable ceiling. In addition, he also said that as the regulatory framework gradually becomes clear, crypto assets have become an asset class that institutional investors value.
According to Bloomberg, World Liberty Financial, a company under the Trump family, has sent a cease-and-desist letter to Fight Fight Fight, the issuer of Trump meme coin, opposing its cooperation with Magic Eden to launch a crypto wallet called "$TRUMP Wallet". The two sides have a conflict over the layout of Trump-branded crypto assets, especially because both companies are developing similar wallet products to attract Trump supporters. Since its release in January, the meme coin has brought Fight Fight Fight more than $300 million in revenue. Trump's son publicly distanced himself from the wallet, and the family's other wallet plan is still moving forward.
CME CEO: Systemically important banks should have the ability to issue stablecoins
CME CEO: The "ultimate use" of cryptocurrencies has not yet been discovered, and stablecoins pegged to the US dollar can eliminate friction between fiat currencies. Banks with systemic importance should have the ability to issue stablecoins.
Coinbase Adds Fartcoin and Subsquid to its Listing Roadmap
According to the announcement of Coinbase Assets, Fartcoin (FARTCOIN) and Subsquid (SQD) have been added to the Coinbase listing roadmap. FARTCOIN is based on the Solana network; SQD is based on Arbitrum. The trading opening time of the two will be announced separately depending on liquidity and technical conditions.
Musk reveals shocking revelation: Trump is in Epstein's file
Musk said on social media: "It's time to detonate the real bombshell, President Trump is in the documents in the Epstein case. This is the real reason why the documents have not been made public."
U.S. stocks closed: All three major stock indexes fell, and Tesla fell 14.26%
U.S. stocks closed on Thursday, with the Dow Jones Industrial Average initially closing down 0.25%, the S&P 500 down 0.5%, and the Nasdaq Composite down 0.8%. Tesla (TSLA.O) fell 14.26%, Trump Media Group (DJT) fell 8.04%, Apple (AAPL.O) and Nvidia (NVDA.O) both fell more than 1%.
Circle's stock price rose 167.35% on its first day of listing, closing at $82.88
U.S. stock market data shows that Circle (CRCL), the issuer of USDC stablecoin, rose 167.35% on its first day of listing and closed at $82.88.
ETH falls below $2,400, down 7.46% on the day
The OKX market data shows that ETH has just fallen below $2,400 and is currently trading at $2,396.68 per coin, down 7.46% on the day.
BTC falls below $101,000, down 3.39% on the day
The OKX market data shows that BTC has just fallen below $101,000 and is currently trading at $100,995.10 per coin, down 3.39% on the day.
According to CCTV News, the Chinese and US heads of state spoke on the phone on June 5. Xi Jinping pointed out that, based on the proposal of the US side, the economic and trade leaders of the two countries held talks in Geneva, which was an important step in resolving economic and trade issues through dialogue and consultation. It was generally welcomed by all sectors of the two countries and the international community, and it also proved that dialogue and cooperation are the only correct choice. Both sides should make good use of the established economic and trade consultation mechanism, uphold an equal attitude, respect each other's concerns, and strive for a win-win result. In this regard, China is sincere and principled.
Binance Wallet released an update to the Binance Alpha points rules. Starting from 8:00 on June 6, only Alpha purchase transactions made using Binance Alpha tokens or tokens listed on the Binance spot market will be eligible for Alpha trading volume points. Transactions using any other tokens will not be counted, and selling Alpha tokens will not affect trading volume points.
U.S. Senate Republicans push to include cryptocurrencies in tax and spending bills
According to Semafor, Republican Senator Cynthia Lummis of Wyoming is pushing to add clauses to her party's tax and spending bill to reform the way the United States taxes cryptocurrencies. The core content includes extending the "wash sale rules" of securities transactions to the field of cryptocurrencies, which is expected to bring billions of dollars in tax revenue, while exempting Bitcoin miners from the obligation to report gains and losses. Lummis submitted a tax reform plan jointly drafted with Senator Kirsten Gillibrand to Mike Crapo, chairman of the Senate Finance Committee. Lummis emphasized that the current tax system has defects that need to be corrected, while Gillibrand believes that the time is not yet ripe for legislation. Members of the Finance Committee have consulted with President Trump on the content of the bill, and Louisiana Senator Bill Cassidy revealed that the president is concerned about the "work account benefits" clause. If passed, this proposal will become the first systematic crypto asset tax framework in the United States.
According to CoinDesk, after Trump was elected as the US President, public companies have shown great enthusiasm for holding Bitcoin. According to a Binance research report, as of the end of May, 116 public companies held a total of 809,100 Bitcoins, worth about $85 billion at current prices, a significant increase from the 312,200 Bitcoins held a year ago, and nearly 100,000 Bitcoins have been added since early April alone. After taking office, Trump actively promoted the development of cryptocurrencies, such as establishing a strategic Bitcoin reserve, while new accounting rules allowed companies to recognize gains from Bitcoin holdings, which also promoted the increase in holdings. In addition, new entrants such as GameStop began to accumulate Bitcoin, but strategy companies still hold the largest share. The report also pointed out that tokenized real-world assets have grown by more than 260% this year to $23 billion.
Trend Research posted on the X platform that it is firmly optimistic about Ethereum and keeps its words and deeds consistent, and has purchased 61,000 Ethereum long options on Deribit. LinChen, head of Deribit's Asia-Pacific business, also posted that ETH is strongly bullish, revealing that a mysterious buyer (suspected to be Trend Research) purchased 61,000 ETH call options that will expire at the end of June with exercise prices of $3,200 and $3,400, respectively, and paid a premium of more than $2 million for this.
Origin Protocol: 100% of protocol revenue will be distributed directly to OGN stakers
Origin Protocol, a multi-chain yield DeFi project, announced in an official blog that after the successful passage of the latest governance proposal, 100% of its protocol revenue will now be used to buy back OGN and distribute it to xOGN holders. This move will align Origin's growth with xOGN. As protocol revenue grows, OGN stakers will also benefit accordingly. A series of OGN buybacks will be launched soon to convert protocol revenue into OGN. These buybacks will be ongoing, measurable, and public. There will be no new issuance and no inflation - only sustainable returns on protocol revenue. In addition, it is proposed to use assets from the DAO treasury to promote OGN staking, which aims to add more than $3 million in buying pressure to OGN in the form of buybacks. OGN buybacks will begin before July 4th.
According to Whale Alert, 600 million USDT were transferred from HTX to Aave 15 minutes ago. On-chain analyst Yu Jin said that this also brought the soaring USDT lending rate on Aave back to normal from the APY of about 30%: deposit rate 3.73%, borrowing rate 5.06%.
Traders fully re-pricing September Fed rate cut
According to Jinshi.com, traders are fully pricing in a September rate cut by the Federal Reserve.
Truth Social has submitted the S-1 document for Bitcoin ETF to the US SEC
According to Globenewswire, Trump's social platform Truth Social announced that it has submitted an initial registration statement on Form S-1 for the Truth Social Bitcoin ETF to the U.S. Securities and Exchange Commission. The ETF will directly hold Bitcoin and issue its shares to investors, aiming to reflect the price performance of Bitcoin. Crypto.com will serve as the exclusive Bitcoin custodian, primary execution agent and liquidity provider for the ETF. The launch of the Truth Social Bitcoin ETF is pending the effectiveness of the registration statement and the approval of the Form 19b-4 submitted to the U.S. Securities and Exchange Commission. After listing, its shares will be listed on the New York Stock Exchange Arca. Yorkville America Digital serves as the sponsor of the ETF.
According to Jinshi.com, the number of initial jobless claims in the United States for the week ending May 31 was 247,000, higher than the market expectation of 235,000 and the highest since the week ending October 5 last year.
CUDIS is now open for claiming the first quarter airdrop
According to official news, the DePIN project CUDIS has officially opened the first quarter airdrop application for CUDIS tokens. Earlier news, Solana Ecosystem DePIN project CUDIS announced the token economics, the total supply of CUDIS tokens is 1 billion, and 25% of the tokens will be allocated to the community. A total of 50 million CUDIS will be issued in the first quarter airdrop application.
According to Decrypt, Curve Finance founder Michael Egorov revealed that "hired" hackers are coordinating cross-platform attacks, making it increasingly difficult to ensure the security of DeFi projects. Last month, Curve Finance suffered a DNS attack, the front-end website was breached, and users were redirected to malicious websites. Egorov explained that although the team used strong passwords and two-factor authentication, the domain name registrar transferred the ownership of the domain name to others without notifying Curve management, leading to the attack. He pointed out that "carefully planned" attacks by threat actors are becoming more and more common, and they may even accept bribes to target specific projects. Compared with traditional finance, the risks of cryptocurrencies are very different because their transactions are completed almost instantly and attacks are irreversible once they occur. Egorov emphasized that the threshold for cryptocurrency security standards is extremely high and the existing Internet infrastructure is difficult to meet the needs.
ATIF Holdings plans to accumulate 1,000 bitcoins in five years through purchases and mining
According to Globenewswire, ATIF Holdings Limited (NASDAQ: ZBAI), a Nasdaq-listed business consulting company, announced today that it will strategically enter the Bitcoin field and has formulated a five-year plan to accumulate 1,000 Bitcoins through a combination of direct purchases and mining operations. As part of the plan, ATIF Holdings will adopt a mixed strategy over the next five years, including: directly acquiring Bitcoin on the open market; building and operating its own Bitcoin mining facilities; and/or acquiring operating Bitcoin mining sites. The company has purchased Bitcoin on the open market and plans to continue purchasing in the near future.
According to The Block, on Thursday, an independent miner successfully mined block 899826 through CKpool's independent mining software, and received a block reward of 3.15 BTC (about $330,000), including a block subsidy of $327,600 and a transaction fee of $2,761. CKpool developer Con Kolivas pointed out that the miner increased the hash rate from 6.11 PH/s per week to 261 PH/s by temporarily leasing computing power, completing mining with a probability of about 1/3050 (the total network computing power was 796 EH/s at the time). This is the 300th block mined by an independent miner in the history of CKpool, and a similar case occurred in April 2024.
According to the Capital Public Security Law Public Account, the Beijing Municipal Public Security Bureau Legal Affairs Corps and the Beijing Equity Exchange (hereinafter referred to as "BCE") have established a cooperative mechanism for the disposal of virtual currencies involved in the case. Recently, the Legal Affairs Corps held a signing ceremony for the disposal of virtual currencies involved in the case with the Beijing Equity Exchange. Liu Yan, deputy secretary and political commissar of the Party Committee of the Legal Affairs Corps, and Liang Xianjun, member of the Party Committee and deputy general manager of the BCE, jointly signed the "Framework Agreement on the Cooperation of Virtual Currency Disposal Business Involving the Case", which included the virtual currencies involved in the case in the category of "physical surrender", established a judicial disposal model for virtual currencies involved in the case with qualified subjects, compliant processes, fair prices, and safety and reliability, and continued to deepen the reform efficiency of the "Beijing Sample" of property management involved in the case. The public security organs entrusted the physical virtual currencies involved in the case to the BCE for disposal. After accepting the entrustment of the public security organs, the BCE selected professional service agencies to conduct testing, reception, and transfer of the virtual currencies involved in the case, and sold them publicly through Hong Kong compliant licensed exchanges. After fulfilling the national foreign exchange management approval procedures, the settlement of foreign exchange was transferred to the special account of the public security organs involved in the case and turned them over to the state treasury. At present, this model has been used to successfully deal with virtual currency involved in a case handled by the Shunyi Public Security Bureau.
According to official news, the general application layer protocol Skate announced the token economics. SKATE is the basic utility and governance token of the Skate protocol. The initial issuance is fixed at 1 billion, of which 10.00% is allocated to the team, 18.00% is allocated to the ecosystem and reserves, 10% is allocated to the initial airdrop, and 45.50% is allocated to the community. According to previous news, the general application layer Skate may conduct TGE on June 9.
According to CoinDesk, according to the latest 13F filing, the Bitcoin spot ETF assets held by investment advisors have reached $10.28 billion (accounting for nearly half of the total institutional holdings), equivalent to 124,753 BTC, far exceeding hedge funds ($6.9 billion/83,934 BTC). Bloomberg ETF analyst Eric Balchunas estimates that the current 13F filing institutions account for about 20% of the total size of Bitcoin ETFs, which may grow to 35%-40% in the future. Ethereum ETFs also show an institutionalization trend, with total holdings exceeding $1.06 billion (587,348 ETH), of which investment advisors hold $582 million (320,089 ETH) and hedge funds hold $244 million (134,469 ETH), indicating that institutional investors are expanding the scope of crypto asset allocation.
According to the official page information, Binance Alpha has added CUDIS.
According to The Defiant, Miles Jennings, head of Crypto policy at a16z, pointed out in a blog on June 2 that the foundation model of projects such as Ethereum and Solana has hindered the development of the industry. He believes that the current foundation has four major flaws: 1) lack of market accountability mechanism; 2) legal restrictions on commercial activities; 3) inefficient operations; 4) evolution into a centralized manager. Martin de Rijke, head of growth at Maple Finance, added that corporate operations are more adaptable to rapidly changing market needs. a16z recommends replacing the foundation model with an ordinary development company, believing that companies can allocate resources more efficiently and respond to market demand. The Uniswap Foundation is considered one of the few successful cases. Jennings proposed two alternatives: 1) the Decentralized Nonprofit Association (DUNA) gives DAO legal status; 2) "cyborg organization" governance is achieved through on-chain tools. Analysts point out that as the US regulatory environment improves, the offshore foundation model that conceals control rights needs to change.
According to the Binance Research report, the market size of real-world asset tokenization (RWA) in the first half of 2025 increased by 260% from $8.6 billion at the beginning of the year to $23 billion. Tokenized private credit accounts for the largest market share (58%), followed by tokenized U.S. Treasuries (34%). The report pointed out: "As the regulatory framework becomes clearer, the industry will continue to grow and attract more major industry participants." The new cryptocurrency pledge rules issued by the U.S. SEC on May 29 are regarded as an important progress in the industry, and the final vote of the GENIUS Act will provide clearer rules for stablecoin collateral. Analysts pointed out that Bitcoin price fluctuations have prompted investors to turn to RWA products with more predictable returns. In addition, a spokesperson for the Binance Research Institute said that although the summer may lead to a slowdown in overall cryptocurrency market activity, the regulatory environment and macroeconomic conditions remain key factors affecting corporate decision-making.
European Data Protection Board's latest draft guidelines could make Bitcoin illegal in the EU
According to Bitcoin.com, Alexandre Stachtchenko, chief strategy officer of French crypto exchange Paymium, warned that the latest draft guidelines of the European Data Protection Board (EDPB) may make Bitcoin illegal in the EU. The draft regards blockchain public keys as personal data and requires them to be deleted under certain conditions, but the characteristics of blockchain technology make the data tamper-proof. The EDPB explicitly stated that "technical impracticability cannot be used as a reason for non-compliance with GDPR" and pointed out that if fine-grained data deletion cannot be achieved, it may be necessary to "delete the entire blockchain." Stachtchenko criticized this position for being out of touch with technical reality, and the anonymization scheme is not recognized by existing regulations. The public consultation period ends on June 9. If the draft is passed, Bitcoin may be deemed illegal due to its inability to meet data deletion requirements.
Russia's Central Bank plans to allow businesses to buy foreign stablecoins
According to Cryptonews, the Russian Central Bank has published a draft plan to allow domestic companies to purchase foreign stablecoins, but it is suspected that the purchase of USDT and USDC will be prohibited. The proposal is open for public comment until June 15. The draft stipulates that Russian legal persons who do not meet the "qualified investor" standard can trade such assets without restrictions. Local media pointed out that the change in rules may not open the door for Russian companies that want to trade currencies such as USDT and USDC. The Russian Central Bank also proposed to increase the annual investment limit for digital financial assets (DFA) from 600,000 rubles (about US$7,570) to 1 million rubles (about US$12,600) and remove restrictions on corporate purchases of DFA. If there are no major objections, the new regulations may take effect before the end of the month.
