Weekly highlights: Circle, the first stablecoin stock, is successfully listed; Musk and Trump openly quarreled, and the crypto market fell sharply

PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.

PANews May 2025 columnist influence and column article popularity rankings are released, click here to view

Macro perspective

Golden cross trap after $110,000? Bitcoin market outlook and position suggestions

Generally speaking, the appearance of a golden cross indicates an upward trend, but history shows that this may bring about a round of plunge.

A fire broke out in Trump's backyard: Musk, a close ally, turned against him, and the crypto company behind him split

In the early morning of June 6, Musk and Trump had a complete falling out. Less than a week after Musk stepped down as head of the Department of Government Efficiency (DOGE), the two of them were exposing explosive information and frequently firing at each other on the X platform.

Where does the value of ETH come from? A complete analysis from asset logic to business strategy

The path of ETH value repatriation: from “maximizing fees” to “maximizing value carrying”.

Another "crypto president"? Lee Jae-myung's big bet on South Korea's new crypto policies has set off market speculation

Lee Jae-myung's victory not only represents a shift in South Korea's political landscape, but also heralds major changes in the country's policy direction on crypto assets.

Singapore’s regulatory arbitrage ends, and the Web3 “big retreat” begins

In Singapore, the era of regulatory arbitrage has officially ended, and the era of big fish eating small fish has arrived.

A chart to understand Singapore’s “licensed” crypto institutions

The Monetary Authority of Singapore has issued 33 Major Payment Institution licenses for Digital Payment Token Services (DPT)

There are hidden concerns in the crypto treasury strategies of listed companies. Will the Grayscale GBTC "explosion" scenario be repeated?

MicroStrategy has attracted a group of imitators, but what about the leverage risk behind the high premium? Some industry insiders recently expressed potential concerns: these listed investment tools are likened to the Grayscale GBTC in the past - a Grayscale Bitcoin Trust Fund that has long been trading at a premium. The premium turned into a discount that year, becoming the fuse for the collapse of multiple institutions.

Gold "Bull" Report: Why Gold is Expected to Reach $8,900 by the End of 2030

The 2025 annual report "In Gold We Trust" released by gold investment company Incrementum pointed out that Bitcoin could reach 50% of the market value of gold by the end of 2030. If a conservative gold price target of about $4,800 is assumed, the price of Bitcoin needs to rise to about $900,000 to reach 50% of the market value of gold.

AI and Meme

Rumors of Pump.fun issuing coins caused MEME coins to fall in risk aversion. Is Solana's number one "cancer" worthy of its title?

As the news of Pump.fun's coin issuance came out again, the already fragile liquidity defense line on the Solana chain was broken, and the market confidence that was still in the recovery period was torn apart, and the risk aversion sentiment on the chain quickly heated up.

Disassembling the training platform Flock: The "new Bittensor" for AI applications

Flock can be seen as a combination of Bittensor + Nous Research + Virtuals.

From the decline of pure meme coins to revenue capture: reviewing the Pump.Fun craze, Hyperliquid repurchase model and the new logic of crypto investment

In this podcast, Mike Dudas, partner at 6th Man Ventures, shares some lessons he’s learned from his venture capital career and his investment logic. In addition, he also expressed his views on Pump.Fun, Pure Meme Coin, Hyperliquid, and more.

PANews' account [MEME Daily] will select the hot memes of the day for readers to understand the track situation. Click here to view.

Seize the opportunity

Plasma, which has raised over $24 million in funding to build a blockchain dedicated to stablecoins, what is the difference?

Faced with the challenges of high fees and centralization, Plasma proposed a new blockchain designed specifically for stablecoins. It plans to build a sidechain on the Bitcoin blockchain and be fully compatible with the Ethereum Virtual Machine (EVM).

Solana launches AS identity authentication service. How is it different from an oracle?

The oracle is a "data feeding" mechanism that focuses on "objective facts" outside the chain; while the Attestation Service is a "authentication identity or status" mechanism that focuses on "subjective or conditional trust" outside the chain.

Beyond Binance Alpha, take stock of BNB Chain’s potential opportunities

This article focuses on the recent strong rise of the BNB Chain ecosystem, revealing the wealth opportunities beneath the data.

OpenSea finally issues tokens, interactive tutorials are here

Go ahead, the last bit of liquidity in the NFT track is about to be squeezed out.

Web3

Cryptocurrency stocks have become a trend, and this article lists 45 listed crypto companies

From mining farms to the S&P 500, crypto companies are knocking on the door of the stock market.

The Ethereum Foundation publicly laid off employees for the first time, and the strategic adjustment caused controversy again. Is the foundation model no longer effective?

Faced with growing doubts about its unclear technical direction, inefficient collaboration, and centralized governance, the Ethereum Foundation is undergoing a deep organizational reorganization.

After James Wynn’s $100 million liquidation, why did CZ support Web3 dark pool trading?

Former Binance CEO Changpeng Zhao proposed the need to build a dark pool-type perpetual contract DEX to solve the problems of MEV attacks and large position exposure caused by DEX transparency, triggering a wave of market attention to the dark pool track.

From crypto upstart to "outside the world", James Wynn's journey

The craziest show in the crypto world in 2025, the winner always has a seat in the contract theater Hyperliquid.

Robinhood acquires Bitstamp for $200 million, counting the top five crypto acquisitions this year

Including Robinhood, there have been 5 major acquisitions in the industry this year. We have reviewed them below to see what dynamics are hidden in the calculations of capital.

Circle triggered circuit breakers multiple times on its first day of listing. What is the return on investment over the years?

On June 5, the stablecoin giant Circle officially landed on the New York Stock Exchange. Its stock price soared at the opening, triggering the circuit breaker mechanism several times, becoming the focus of the market and bringing rich returns to investors. Among them, the publicly disclosed C round of financing has a return of more than 90 times, and it can be imagined that the return rate of multiple rounds of financing before the C round has exceeded 100 times.

Behind Injective’s soaring data, is it a flash in the pan or a comeback?

In the past month, the old public chain Injective has returned to the public eye again with the second-highest net inflow of funds. According to Artemis data, Injective has a net inflow of about 142 million US dollars in the past 30 days, only lower than Ethereum.

Real or fake Trump wallet? Family urgently cut ties, Magic Eden falls into a licensing Rashomon

Late-night raid, is the Trump family going to launch a crypto wallet?