Grayscale Establishes "AI Crypto Section" as the Sixth Cryptocurrency Classification Standard
According to the official blog, Grayscale has established the "AI Crypto Sector" as the sixth cryptocurrency classification standard. The sector includes 20 tokens with a total market value of US$21 billion (an increase of 366% from Q1 2023), which is mainly divided into three subcategories: 1. AI platforms: such as market value leaders Bittensor and Near, providing decentralized AI development infrastructure; 2. AI tools and resources: including Grass (data collection) and Akash (computing power market); 3. AI applications and agents: such as Virtuals (autonomous AI agents) and Worldcoin (human identity verification). The report pointed out that the current AI crypto sector only accounts for 0.67% of the market value of the entire crypto market, but it has great potential. Bittensor will usher in its first token halving this year, and its subnet ecosystem has exceeded 7% of the circulation volume since its upgrade in February. Projects such as Grass have achieved annualized revenue of tens of millions of dollars, showing commercial progress. Grayscale has deployed this field through products such as Bittensor Trust, believing that blockchain technology can solve the governance risks of centralized development of AI. With the advancement of the stablecoin bill, the payment infrastructure of crypto-native AI agents is expected to be improved at an accelerated pace.
James Wynn's associated wallet deposits $3.36 million worth of PEPE into Binance
According to Onchain Lens, a wallet associated with James Wynn deposited 240 billion PEPE worth $3.36 million into Binance. The wallet still holds 203.73 billion PEPE worth $2.85 million.
Canadian listed company Captor Capital spent $500,000 to buy Bitcoin as a reserve asset
According to GlobeNewswire, Canadian listed company Captor Capital announced two strategic initiatives: 1) Spending $500,000 to purchase Bitcoin as a reserve asset; 2) Issuing $450,000 in unsecured convertible notes to European institutional investors, which will be used to supplement operating funds and promote investment strategies. Captor Capital emphasized that Bitcoin acquisition is part of its innovative financial strategy to create excess value for shareholders. According to the terms of the agreement, if the company completes equity financing of more than $10 million or a change in controlling rights occurs, the notes will automatically trigger the conversion mechanism.
Michael Saylor: When Wall Street holds 10% of Bitcoin, the price of Bitcoin will reach $1 million
According to Cointelegraph, Michael Saylor, chairman of the board of directors of Strategy (formerly MicroStrategy), said at the Bitcoin 2025 conference: "When Wall Street holds 10% of Bitcoin, the price of Bitcoin will reach one million US dollars."
BlackRock executive: Bitcoin has more room to rise than gold and less room to fall
According to Cointelegraph, Robert Mitchnick, head of digital assets at BlackRock, said at the Bitcoin 2025 conference: "Bitcoin has more room to rise than gold and less room to fall."
Stablecoin payment platform Beam completes $7 million financing, led by Castle Island Ventures
According to official news, the stablecoin-based payment service provider (PSP) Beam has raised $7 million in a round of financing led by Castle Island Ventures, with participation from institutions such as Archetype, Bankless Ventures, Verda Ventures, and Arca Fund. Beam is a payment platform that connects traditional finance with blockchain technology. The platform enables users to use stablecoins and fiat currencies to send and receive funds across borders, providing real-time currency exchange, conversion of cryptocurrencies to fiat currencies, and seamless integration with bank accounts and digital wallets. Beam has registered as a U.S. money service business and complies with the SOC 2 Type II standard.
Metaplanet announces issuance of $50 million interest-free ordinary bonds to increase BTC holdings
Japanese listed company Metaplanet announced the issuance of $50 million interest-free ordinary bonds to purchase additional BTC.
Data: Hasbulla has raised about $20 million in the BULLA token presale
According to Onchain Lens, Hasbulla raised about $20 million in the BULLA token presale. Three wallets (likely belonging to the same entity) sent 1.67 million USD1 in the presale. A total of 22,467 BNB (worth $15.41 million), 4.437 million USD1, and other funds were raised.
3iQ’s Canadian Solana Collateralized ETF has reached $186 million in AUM within one month of listing
According to SolanaFloor monitoring, the Solana staking ETF launched in Canada by 3iQ Digital Asset Management has reached US$186 million in assets under management (AUM) within one month of its listing, contributing to the total inflow of US$239 million for the Solana Canadian ETF.
A whale/institution spent 10 million USDC to buy AAVE again in the past day
According to the monitoring of on-chain analyst Ember, the whales/institutions that purchased AAVE through Wintermute OTC have spent another 10 million USDC to buy AAVE in the past 24 hours. In the past four days, they have spent 25 million USDC to purchase 94,770 AAVEs at an average price of $263.8. They have been hoarding AAVE since March 2023, and have spent a total of $40.8 million to hoard 261,066 AAVEs at an average price of $156.3, with a current floating profit of $29.8 million.
According to the Snapshot voting page, the Bio Protocol community voted with 100% support to "adjust the BIO token unlocking plan for the team and advisors". The tokens originally scheduled to be unlocked on May 28 (accounting for 4.23% of the total supply) will be postponed to November 15 and released linearly over 6 months. The proposal puts forward three reasons for the adjustment: controlling the circulation in the early stages of the protocol; making the community more focused on product development and ecological construction; and demonstrating the team's commitment to the long-term development of the project. The current unlocking plan is a 6-year vesting period with a 1-year lock-up period.
David Sacks: Blockchain, Bitcoin, and Cryptocurrency are the Financial System of the Future
David Sacks, the White House's director of cryptocurrency and artificial intelligence and "crypto czar," said at the Bitcoin 2025 conference: "We believe that blockchain, Bitcoin, and cryptocurrency are the financial system of the future."
2 new wallets withdrew 4,838 ETH from Kraken 4 hours ago, worth $12.86 million
According to Onchain Lens monitoring, two newly created wallets withdrew 4,838 ETH worth $12.86 million from Kraken four hours ago.
KindlyMD buys 21 Bitcoins ahead of merger with Nakamoto Holdings
According to CoinDesk, healthcare service provider KindlyMD announced that it had purchased 21 bitcoins (worth approximately $2.3 million) at an average price of $109,027, completing the first phase of its bitcoin reserve strategy. The company's stock price rose 3.9% that day. The funds for this purchase came from the company's unexercised warrants. KindlyMD previously announced on May 12 that it would merge with Nakamoto Holdings, intending to follow the MicroStrategy model to establish a bitcoin reserve, and has received $710 million in financing support. The merged entity will work with custodian Anchorage Digital, and the transaction is expected to be completed in the third quarter of 2025. David Bailey, founder of Nakamoto Holdings, said that 21 bitcoins symbolize that the holdings are one millionth of the total circulation, and the ultimate goal is to accumulate 1 million bitcoins.
According to CoinDesk, Jack Dorsey's payment company Square launched a Bitcoin Lightning Network payment pilot during the "Bitcoin 2025" conference in Las Vegas. Participants can use Bitcoin to complete real-time settlement by scanning barcodes, and exchange rate conversion and transaction confirmation are automatically processed by the Square system. Miles Suter, head of Bitcoin products at Square's parent company Block, said that the function plans to expand the scope of testing this year and open it to all users in 2026 (subject to regulatory approval). The company said the move is aimed at building an "open, decentralized, low-cost" payment system.
US Senator Lummis: Trump supports bill to buy 1 million BTC
According to Cointelegraph, U.S. Senator Cynthia Lummis of Wyoming revealed at the "Bitcoin 2025" conference that President Trump supports the "BITCOIN Act", which requires the U.S. government to purchase 1 million bitcoins within five years, with funds coming from the existing reserves of the Federal Reserve and the Treasury. The White House has formed a team of experts to promote digital asset legislation including stablecoins, market structure and Bitcoin strategic reserves, which are expected to be introduced in this order. Lummis said that the Senate Banking Committee has passed the stablecoin bill, and after consultation with the minority party, it is expected to be voted on by all within a week after the resumption of the meeting. Trump's chief crypto adviser David Sacks previously said that the "GENIUS Stablecoin Act" is expected to be passed with bipartisan support after passing a procedural vote of 66:32 on May 19.
IMF: Will continue efforts to ensure El Salvador does not accumulate more Bitcoin
According to CoinDesk, the International Monetary Fund (IMF) said it will continue to work to ensure that the number of bitcoins held by the Salvadoran government remains unchanged. Earlier in March, El Salvador reached a $3.5 billion loan agreement with the IMF, with conditions including the cancellation of Bitcoin's legal tender status and the prohibition of the public sector from voluntarily increasing its holdings of Bitcoin. However, data shows that El Salvador's Bitcoin reserves have increased from 6,101.15 on March 4 to the current 6,189.18 (worth about $678 million). President Bukele made it clear that the purchase of coins will not stop, saying "even when the world isolated us and most Bitcoin enthusiasts abandoned us, it did not stop now and in the future." The IMF did not directly mention the contradiction in its latest report, only stating that El Salvador's "project implementation is good" and key fiscal and reserve goals have been achieved.
According to The Block, Cetus, a decentralized exchange based on Sui ecosystem, announced that it will initiate a community vote to decide whether to use the protocol funds and the Sui Foundation loan to fully compensate the victims of the $223 million theft. The vulnerability stems from a flaw in the open source code of its centralized liquidity market maker (CLMM) smart contract, which caused some Sui ecosystem tokens to plummet by 90% during the attack on May 22, and CETUS tokens to fall by 50% on the same day. Cetus said it has fixed the vulnerability and promised to immediately initiate the compensation process regardless of the voting results. If the plan is passed, 100% of the funds will be restored using the protocol cash reserves, token library and Sui Foundation key loans.
Coinbase will delist old versions of MOBILE, RNDR, RBN and SYN tokens on June 26
According to the announcement of Coinbase Assets, since Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN) have all released new versions, their original versions no longer meet the platform listing standards, and trading will be suspended at around 14:00 Eastern Time on June 26. At present, the above assets have been converted to limit order mode, and users can still place orders, cancel orders and match. This adjustment applies to the Coinbase website, exchange and Prime platform.
According to Ember, an institution or whale purchased a total of 8,846.5 ETH at an average price of $2,600 through 4 addresses in the past day, spending $23 million. The funds came from buying after borrowing ETH on Aave, indicating that it is leveraging its position. The entity currently holds a total of 133,600 ETH with a market value of approximately $358 million. Trend Research said that "the above address is the address of this institution." And since it established a position at $1,400 for ETH and published a bullish research report at $1,800, it is still firmly optimistic about the prospects of ETH and its blue-chip ecological assets.
According to the MetaMask announcement, the latest version of the MetaMask browser plug-in has officially integrated the Solana network. Users can manage Ethereum and Solana accounts in parallel in one interface, send, receive, exchange, bridge and purchase Solana tokens, and securely access Solana ecosystem dapps. Officials said that mobile support will also be launched in a few weeks. This integration marks an important step for MetaMask to expand to non-EVM chains, aiming to create a "one-stop multi-chain wallet" and eliminate the cumbersome experience of switching between multiple wallets.
SharpLink announces $425 million private placement, adds Ethereum to treasury strategy
According to GlobeNewswire, SharpLink Gaming announced that it will complete approximately $425 million in private equity financing, with Consensys as the lead investor. The transaction is expected to be completed on May 29. The financing funds will be used to purchase Ethereum (ETH) and establish ETH as the company's main reserve asset. Joseph Lubin, founder of Consensys and co-founder of Ethereum, will serve as chairman of the company's board of directors. This move marks the expansion of SharpLink's business into the field of on-chain asset allocation and strengthens its strategic layout in the Web3 and iGaming markets. After this news came out today, the stock price of SharpLink Gaming, Inc. (NASDAQ: SBET) soared at the opening, and the total market value jumped from less than $5 million yesterday to the current $28 million, an increase of nearly 500%.
Cobie launches ICO platform Sonar, Plasma raises $50 million and reaches a valuation of $500 million
According to The Block, Echo, founded by well-known crypto investor Cobie (Jordan Fish), has officially launched the ICO platform Sonar, and the first fundraising project is the stablecoin dedicated chain Plasma. Plasma will sell 10% of its total supply of XPL tokens through Sonar, that is, 1 billion, with a target of raising $50 million, corresponding to a fully diluted valuation of $500 million. Users need to deposit USDT, USDC or USDS into the Ethereum Plasma vault to participate, and the lock-up period is set at 40 days or 12 months depending on the region. The Plasma mainnet is expected to be launched this summer, and XPL will be used for network consensus, EVM execution and Bitcoin cross-chain bridge operation.
Cantor launches $2 billion Bitcoin mortgage loan program, first supporting FalconX and Maple
According to Bloomberg, Cantor Fitzgerald has officially launched its $2 billion Bitcoin mortgage program, with the first round of financing including crypto broker FalconX and decentralized credit platform Maple Finance. FalconX plans to withdraw more than $100 million under the credit framework in cooperation with Cantor, and Maple has completed the first loan issuance.
Trump Media Announces Plan for a $2.5 Billion Bitcoin Vault
According to StreetInsider, Trump Media announced that it will launch a Bitcoin treasury strategy of approximately $2.5 billion, aiming to include BTC in its asset reserves for financial stability and long-term value storage. The company's CEO and chairman Devin Nunes said that BTC will enter the company's asset portfolio as the "apex tool for financial freedom" and will be used for subscription payments, utility tokens and related transactions on platforms such as Truth Social in the future.
BTC breaks through $110,000, up 0.16% on the day
According to the OKX market data, BTC has just broken through $110,000 and is currently trading at $110,187.60 per coin, with a daily increase of 0.16%.
Strive Completes $750 Million Funding to Advance Its “Excess Return” Bitcoin Strategy
According to CoinDesk, Strive Asset Management, an asset management company founded by Vivek Ramaswamy, has completed a $750 million private equity investment (PIPE) round of financing, with a subscription price of $1.35 per share, a 121% premium over the previous closing price of ASST, and the opportunity to expand to $1.5 billion through warrants. The funds will be used to acquire undervalued biotech companies, buy Mt. Gox and other Bitcoin debts, and discounted structured BTC credit products to build its Bitcoin vault. CEO Matt Cole said that Strive will use an "Alpha-oriented" strategy to increase BTC returns and will explain the plan in detail at the "Bitcoin and Enterprise Conference" in Las Vegas. It was reported last week that Strive intends to acquire Mt. Gox's claims to obtain 75,000 BTC to build a Bitcoin vault.
21Shares Applies to List 21Shares SUI ETF on Nasdaq
According to the document SR-NASDAQ-2025-042 submitted by Nasdaq, 21Shares has applied to list the 21Shares SUI ETF on the Nasdaq exchange, tracking the spot price of Sui's native token SUI. The ETF aims to calculate the net value through the daily SUI US dollar reference price compiled by CF Benchmarks, without using leverage or derivatives, and only holding spot SUI, which is managed by BitGo and Coinbase Custody. The trust product will allow institutions to invest in SUI through traditional brokerage accounts, providing investors with a more transparent and compliant access path.
Circle applies for listing on the New York Stock Exchange with the stock code "CRCL"
According to CoinDesk, stablecoin giant Circle has submitted an IPO application to the New York Stock Exchange with the stock code "CRCL". Circle Internet Group, the company behind the stablecoin USDC, will issue 24 million Class A shares, of which 9.6 million shares will be issued by the company and 14.4 million shares will be sold from existing shareholders. The expected pricing range is $24 to $26 per share.
According to The Block, Geoffrey Kendrick, head of research at Standard Chartered Bank, said that although Solana (SOL) is expected to rise to $500 by 2029, it may underperform Ethereum in the short term due to its current over-reliance on memecoin transactions. He predicts that SOL will rise to $275 by the end of the year and experience a period of declining usage and undervaluation before 2027. Kendrick pointed out that Solana still has the potential to support future scenarios such as financial applications, social media and decentralized physical infrastructure, but related projects will take 2-3 years to mature and land.
According to Binance Chinese, Binance has become the first platform to list Puffverse (PFVS) tokens, and trading will start at 20:00 (UTC+8) on May 27. Users with at least 204 Alpha points can apply for 875 PFVS airdrops on the Alpha event page at the same time, which requires 15 Alpha points. The application window is 24 hours, and it will be deemed abandoned after the deadline. Binance reminds users that the Ethereum network may be congested during the peak period of the event, and it is recommended to use limit orders for trading.
Binance Alpha Launches Elderglade (ELDE)
The APP page shows that Binance Alpha is now online with Elderglade (ELDE).
Crypto analyst Willy Woo tweeted that although the overall long-term structure is still bullish, Bitcoin currently has bearish turning signals. His Bitcoin vector model shows that network capital inflows have been extremely flat over the past three days, abnormal from the 75K to 112K rise. Investor profit levels are high (SOPR), but buying is weak and speculative sentiment is heating up, which may trigger a reversal of "greed should be fearful". If there is no follow-up buying after the US market resumes, it may trigger a bearish divergence on the long-term chart. The next key level is $114,000.
James Wynn's Bitcoin longs increased to 5,676 BTC at a liquidation price of $108,010
According to Lookonchain, trader James Wynn continues to increase his long positions in Bitcoin and currently holds 5,676 BTC, worth about $623 million, with a liquidation price of $108,010. If BTC falls by 1.53%, it will trigger liquidation risk.
