Odaily reports, according to GMGN data, the market cap of the BSC chain Meme token Gongjian briefly surged past $8 million and is currently reported at approximately $7.9 million, representing an intraday increase of over 420%.

Odaily reminds users that Meme token prices are highly volatile, and investors should be aware of the risks.

Odaily reported that Mike Cagney, founder of Figure Technology Solutions (FIGR), stated that the company is pushing to rebuild the underlying infrastructure of traditional credit markets through blockchain, bringing loans, real-world assets (RWA), and even stocks onto the chain. The goal is to enable credit flows to move away from traditional intermediary systems and become "the new infrastructure of Wall Street." According to data, Figure's monthly loan origination volume exceeded $1 billion for the first time in March this year, with total origination reaching $2.9 billion in the first quarter of 2026, an annualized scale of approximately $12 billion.

Mike Cagney pointed out that loan tokenization can significantly reduce securitization costs and lower traditional intermediary fees, while enhancing liquidity through continuously updated credit markets, and enabling on-chain credit assets to directly integrate with the DeFi ecosystem, expanding the scope of investor participation. Its Forge platform can bundle loans into standardized asset pools and convert them into tokens usable as collateral within DeFi protocols.

Currently, Figure is advancing related business within the Solana ecosystem and plans to expand to Ethereum. Additionally, the company has launched YLDS, a yield-bearing stablecoin with a scale of approximately $600 million, backed by traditional assets such as U.S. Treasury bonds, and is exploring stock tokenization as well as on-chain staking and lending. Mike Cagney stated that blockchain will become one of the most transformative technologies and will redefine the structure of future financial markets. (CoinDesk)

Odaily reported that Michael Saylor, founder of Bitcoin treasury company Strategy, posted on X: "No purchases this week. Back to work next week."

Odaily Planet Daily News: According to market sources, billionaire Jack Dorsey's crypto finance app platform Cash App officially launched a Bitcoin reserve proof feature this week, verifying to over 60 million users that its Bitcoin holdings are fully backed with 1:1 reserves. Market observers believe this move represents a significant step forward for the crypto industry in terms of transparency, user trust, and self-custody standards, and is also seen as a positive signal promoting the long-term healthy development of the sector. (The Bitcoin Historian)

Robert Hackett, Head of Special Projects at a16z Crypto, has written that the term "stablecoin" is gradually losing its relevance to the times. Stablecoins were originally born during a period of high volatility in the crypto market, hence the emphasis on "stable" characteristics. However, as technology evolves, stability has become a foundational element evolving into global financial infrastructure. The focus within the crypto industry has shifted from "is it stable?" to "what else can we build?", with stability becoming a baseline requirement rather than innovation itself. Therefore, the name "stablecoin" is more like a patch for an old problem than a definition of a new financial system. In the future, the concept of stablecoins may eventually fade into broader terms like "digital dollar" or "on-chain asset," or even be fully integrated into the underlying fabric of the financial system, much like how "light bulb" replaced the concept of "electric illumination."

Odaily Odaily Planet Daily News: According to the latest ABC News/Washington Post/Ipsos poll, Trump's disapproval rating has reached 62%, the highest in his two terms. (Jin10)

1. CZ Responds to Security Concerns Over Binance Address Holding Over 200,000 BTC: Addresses Starting with '3' Are Likely Multi-Sig;

2. dYdX Foundation: Community Has Approved Delisting of 4 Trading Pairs Including AKT-USD and GNO-USD;

3. South Korea's KB Financial Group Partners with Pantera Capital to Expand Digital Asset Strategy;

4. Morgan Stanley Added Approximately 286 Bitcoin Yesterday, Total Holdings Reach 2,620;

5. DCG Founder: Bitcoin Validates Trillion-Dollar Demand, Privacy Coins Like Zcash Will Benefit from "Prophet Advantage";

6. 10x Research Founder: BTC Holds Above Short- and Medium-Term Moving Averages, Dominance Rate Exceeds 60% Sending Bullish Signal;

7. Draft Statement: OPEC+ Plans to Increase Production Target by 188,000 Barrels/Day Starting in June;

8. Galaxy Head of Research: Satoshi's 1.1 Million BTC Should Not Be Moved, PQ Solutions Need to Be Prepared in Advance;

9. Ethereum Foundation: Key Goals of Glamsterdam Upgrade Basically Completed, Consensus Reached on 2 Billion Gas Limit Floor;

10. ZachXBT: US Law Firms' "Free-Riding Claims" May Hinder Asset Recovery and Compensation Process for Hack Victims.

Odaily reports that the Zcash Foundation has officially announced the release of Zebra 4.4.0. This update fixes multiple critical consensus-level security vulnerabilities and strongly recommends that all node operators upgrade immediately. The fixes include a denial-of-service vulnerability that could permanently halt the discovery of new blocks, a consensus divergence issue caused by incorrect block signature operation (sigops) counting, abnormal handling of transparent transaction signature hashes, and risks of memory allocation amplification attacks.

The Zcash Foundation stated that some of these vulnerabilities could cause Zebra nodes to accept blocks rejected by zcashd, potentially leading to chain forks. Without a timely update, nodes face risks such as interrupted block discovery, consensus forks, and amplified resource consumption, and there is currently no alternative mitigation solution available.

Odaily Odaily reports that CryptoQuant analyst Axel Adler Jr posted on X, stating that based on the Adjusted Realized Price Bands model calibrated to Bitcoin's current circulating supply, a drop to the key $59,000 range is required for a true mid-to-long term bottoming process to begin. Bottoming is not a short-term process and will not be completed within one to two weeks; the base case scenario estimates it will take approximately six months.

Axel Adler Jr emphasized that while Bitcoin has recently seen some increase in price, what truly drives market stabilization is not sentiment recovery or a local rebound, but the return of long-term genuine demand. That is, when the market begins to price in future value again and spot buying continues to recover, the bottom may be truly established.

Odaily: Iran's Islamic Revolutionary Guard Corps has issued a deadline to the Pentagon to lift the blockade on Iran. (CCTV News)

Odaily reports that Hyperliquid has announced the launch of Outcome Markets (HIP-4) on the mainnet, which is currently an initial version with limited functionality. Outcome Markets are fully collateralized contracts that settle within a fixed range, suitable for prediction markets, range options, and similar scenarios, without involving leverage or liquidation mechanisms. The first phase aims to validate the technical implementation. The first market launched is a daily binary Outcome contract, settled daily at 06:00 UTC based on the BTC mark price on Hyperliquid. The official statement indicates that more features and market types will be rolled out in phases subsequently.

Odaily reports that Nick Timiraos, known as the "Fed Mouthpiece," wrote in The Wall Street Journal that the discussion within the Federal Reserve regarding the interest rate path has undergone a noticeable shift. The focus is no longer primarily on when to restart rate cuts but has begun to consider under what conditions rate hikes might be necessary again. Since the Fed began releasing policy statements in 1994, disagreements over how to describe the policy direction—rather than actual rate changes—have been rare.

Three regional Fed presidents, including Dallas Fed President Lorie Logan and Minneapolis Fed President Neel Kashkari, opposed retaining the wording "the next move is more likely a rate cut" at this week’s policy meeting, arguing that the next rate adjustment could be either a hike or a cut. Outgoing Fed Chair Jerome Powell stated that the committee is gradually shifting from a "rate-cut bias" to a "neutral stance" and noted that if rate hikes become necessary in the future, the Fed would first move to a neutral position before signaling increases. (WSJ)

Odaily reports that Nobitex, Iran's largest cryptocurrency exchange, was founded by members of the Kharrazi family, who have close ties to Iran's supreme leadership. Investigations show the exchange was created by brothers Ali and Mohammad Kharrazi, who previously used the surname "Aghamir" to conceal their connection to the Kharrazi family. This family has long-standing, deep ties to Iran's political core, including historical links to Ali Khamenei and his successors.

The report indicates that Nobitex currently serves over 11 million users, dominates the Iranian crypto market, and has continued operating throughout conflicts between Iran, the United States, and Israel, even processing transactions during nationwide internet blackouts. Analysts say its trading volume exceeded $100 million during wartime, with significant funds flowing overseas.

Additionally, multiple on-chain analytics firms point out that the platform has processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Other data shows that wallets associated with the Central Bank of Iran transferred hundreds of millions of dollars worth of crypto assets to Nobitex in 2025, allegedly to circumvent financial sanctions. Nobitex denies any connection to the government, stating that illegal transactions represent only a small fraction of its overall business. (Cointelegraph)

Odaily reports that data from Memento Research shows the monthly spending volume of crypto payment cards has risen to $600 million, a six-fold increase from a year ago. Cumulative on-chain transaction volume has reached $7.2 billion, with a total of 24 million transactions completed, involving 1.36 million wallet addresses. Among them:

1. 62.5% of transactions are settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments;

2. Approximately 90% of transactions are completed via the Visa network;

3. On-chain data also shows that the Solana ecosystem contributed about $348 million in transaction volume, while Jupiter’s Jupiter Global saw a month-over-month growth of 660%.

Odaily reports that Paolo Ardoino, CEO of stablecoin issuer Tether, stated in a post on platform X that Tether may need to promote integration between WDK and QVAC in the future to support the development of Agent Cards-related features. Analysts believe this direction could help improve the connection layer between AI agents and crypto payment infrastructure, providing more efficient underlying support for automated application scenarios.

Odaily Odaily reports that Particle Network has announced the next phase of its product roadmap for Universal Accounts, set to launch two new products in the coming months:

1. Universal Deposit SDK: Developers only need approximately 10 lines of code to enable users to deposit assets into their application from any chain, significantly lowering the barrier for multi-chain asset integration.

2. Universal Agent Accounts: APIs and a Dashboard designed for AI Agents, allowing AI Agents to own and manage their own Universal Accounts.

Previously, in March, Particle released EIP-7702 Universal Accounts, enabling seamless upgrades from any standard EOA account to a Universal Account. This latest roadmap further solidifies Universal Accounts’ positioning as essential infrastructure for scenarios such as developer integration, AI Agent asset management, and multi-chain asset transfers.

Overall, Particle is advancing Universal Accounts from an "account abstraction capability" towards a broader chain abstraction application-layer infrastructure, which is expected to enhance its developer adoption rate and distribution capabilities within the onchain ecosystem.