1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +0.86%
ETH: +4.11%
SOL: +1.85%
PEPE: +8.35%
XRP: +2.01%
DOGE: +3.11%
SUI: +1.97%
BNB: +1.41%
SOPH: +30.56%
WIF: +12.12%
24 H increase list (data source: OKX):
SOPH: +30.56%
RPL: +24.71%
LQTY: +20.6%
MERL: +16.67%
EIGEN: +14.93%
FLM: +13.31%
PRQ: +12.42%
WIF: +12.01%
SSV: +10.94%
MKR: +10.4%
2. 24-hour hot search currencies
LOUD: The InfoFi project completed co-sale over the weekend, and its current market value is temporarily reported at US$7.75 million.
LayerEdge (EDGEN), Subsquid (SQD): Binance alpha launched new projects yesterday.
Headlines
Michael Saylor: Strategys BTC return so far this year is 16.9%
Odaily Planet Daily News: Michael Saylor posted on the X platform that Strategys BTC return rate has reached 16.9% so far this year. As of June 1, 2025, we hold 580,955 bitcoins with an average purchase price of US$70,023.
SharpLink Gaming Completes $425 Million Private Funding, Led by Consensys
Odaily Planet Daily reported that SharpLink Gaming announced the completion of a $425 million private placement financing led by Consensys. SharpLink intends to use the proceeds to purchase ETH and use it as its main treasury reserve asset.
Odaily Planet Daily News: The Ethereum Foundation announced the reorganization of its research and development team, laying off some employees, and renaming the department Protocol to focus on the core challenges of protocol design.
The change is intended to address ongoing community criticism of the Foundation’s management and strategic direction, with some warning that failure to address key technical issues could threaten Ethereum’s position as an industry technology leader.
The foundation said the reorganized Protocol team will work around three major priorities: expanding the scalability of the Ethereum underlying network, advancing blobspace expansion in data availability strategies, and improving user experience.
The foundation said in its announcement that some members of the RD team will no longer be employed and encouraged other teams to recruit these talents. The number of layoffs was not disclosed.
In addition, the foundation stated that the reorganized team will be committed to improving the transparency of upgrade schedules, technical documentation, and research. Co-executive director Hsiao-Wei Weng expressed on social media X that he hopes the new structure will drive core projects forward more efficiently. (CoinDesk)
James Wynn, the whale, tried to raise funds to fight against the market-making group
Odaily Planet Daily News: James Wynn, the giant whale, posted a message on the X platform and published his address, trying to raise funds to fight against the market-making group. He said that if he wins, everyone will return the funds at a ratio of 1:1.
Odaily reminds users that market risks are high and investors are advised to be cautious.
James Wynn deletes tweets about begging for funds after position turns profitable
Odaily Planet Daily News X platform shows that James Wynn deleted the fund-raising tweet posted at 22:00 last night after his Hyperliquid position turned from loss to profit.
Hyperliquid data shows that its position is 945 BTC, with a total value of approximately US$100 million. The opening price is US$105,890 and the liquidation price is US$103,622. It has now turned a loss into a profit.
Industry News
Reitar Logtech announces $1.5 billion Bitcoin acquisition program
Odaily Planet Daily News: US-listed company Reitar Logtech announced a $1.5 billion Bitcoin acquisition plan. The company plans to use this Bitcoin acquisition to enhance financial stability while pursuing logistics technology advancement. The acquisition is part of Reitar Logtechs broader strategy to enhance its operational capabilities and expand its influence in the logistics technology market. (Tipranks)
Robinhood Completes Acquisition of Crypto Exchange Bitstamp for $200 Million
Odaily Planet Daily reported that Robinhood has completed its $200 million cash acquisition of Luxembourg-based cryptocurrency exchange Bitstamp. The acquisition has added more than 50 licenses and registrations to Robinhoods crypto business and brought a mature institutional customer base.
Bitstamp has more than 5,000 institutional clients and 50,000 retail users, with the majority of its trading volume coming from institutional clients. Robinhood said the acquisition significantly expanded its crypto business in Europe, the UK and Asia. Robinhood also said it would not rule out more crypto acquisitions in the future. (Cointelegraph)
Metaplanet spent another $117.3 million to add 1,088 BTC, bringing its total holdings to 8,888
Odaily Planet Daily News Metaplanet announced that it has increased its holdings of 1,088 BTC at a price of about $117 million, with a unit price of about $107,771. As of now, the company holds a total of 8,888 BTC, with a total purchase cost of about $830 million and an average purchase price of $93,354.
Metaplanet said its Bitcoin holdings have returned 225.4% so far in 2025.
Binance: Users with at least 223 Binance Alpha Points can claim 1,111 EDGEN tokens airdrop
Odaily Planet Daily News According to official news, Binance announced that LayerEdge (EDGEN) trading will start at 18:30 (UTC+ 8) on June 2, 2025. Eligible Binance users with at least 223 Binance Alpha points can apply for an airdrop of 1,111 EDGEN tokens on the Alpha event page starting at 18:30 (UTC+ 8) on June 2, 2025. Applying for an airdrop will consume 15 Binance Alpha points. Users need to complete the application within 24 hours after the application is opened, otherwise it will be deemed to have given up the airdrop.
Binance: Users with at least 210 Binance Alpha Points can claim 424 SQD tokens airdrop
Odaily Planet Daily News: Binance Alpha has now launched Subsquid (SQD). Eligible Binance users with at least 210 Binance Alpha points can apply for an airdrop of 424 SQD tokens on the Alpha event page starting at 21:00 on June 2, 2025. Applying for the SQD airdrop will consume 15 Binance Alpha points. Users need to complete the application within 24 hours after the application is opened, otherwise it will be deemed to have given up the airdrop.
Project News
Tether launches full-chain gold stablecoin XAUt 0 on TON blockchain
Odaily Planet Daily News: Tether announced a partnership with the TON Foundation to launch a full-chain version of its gold-backed stablecoin XAUt on the TON blockchain - XAUt 0, aiming to expand the accessibility of digital gold through a multi-chain interoperability strategy. XAUt 0 is built on LayerZeros full-chain fungible token (OFT) standard and can be freely transferred between different chains. According to Coingecko data, XAUt is currently the worlds largest gold stablecoin by market value, with a circulation of more than US$832 million, and is currently only issued on Ethereum. Tether has not yet announced a list of other blockchain platforms that will support XAUt 0 in the future. (FinanceFeeds)
Odaily Planet Daily News Sonic official Yu X published a statement saying that the first season S airdrop will be distributed in two stages: 25% of the tokens can be circulated immediately, which means that users can immediately claim 1/4 of the tokens at the time of the airdrop; 75% of the tokens will have lock-up restrictions, which will be gradually released in the form of tradable NFTs within 270 days, and there is a mechanism for early collection and destruction.
Webus and Samara Alpha Sign XRP Funding Agreement with a Cap of $300 Million
Odaily Planet Daily News: Customized car service platform Webus announced that it has signed an XRP funding agreement with Samara Alpha, which establishes Samara Alpha as the exclusive digital asset trustee of Webus, with an authorized management limit of US$300 million. (Marketscreener)
Morph CEO Cecilia Hsueh steps down, replaced by former Binance executive Colin Goltra
Odaily Planet Daily News: Cecilia Hsueh, co-founder and CEO of Ethereum Layer 2 project Morph, announced her resignation, and her successor is the current Chief Growth Officer and former Binance executive Colin Goltra. Morph was incubated by Bitget and established in 2023. Last year, it received $20 million in financing led by Dragonfly. The new CEO Goltra was formerly the Chief Operating Officer of YGG and the Director of Asia Pacific Expansion of Binance, and has more than 10 years of Web3 experience. Hsueh will switch to a project consultant.
Magickbase: Unusual activity detected on Force Bridge, related services have been suspended
Odaily Planet Daily News: Magickbase, a desktop wallet product developer based on the Nervos network, posted on the X platform that it has detected abnormal activities on the Nervos cross-chain bridge Force Bridge and suspended related services for security reasons. The team is investigating and will share updates as soon as possible. It is reported that the Cyvers Alerts system has monitored multiple suspicious transactions involving Nervos.bit, stealing assets worth $3 million.
Regulatory policies
U.S. SEC Chairman to testify at Senate Appropriations Committee hearing tomorrow
Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) officially announced that the agencys chairman Paul Atkins will testify at a hearing of the U.S. Senate Appropriations Committee at 2:30 p.m. tomorrow (Eastern Time), and a live broadcast will be provided at that time.
Investment and Financing
Circle raises its IPO offering size, targets $7.2 billion valuation
Odaily Planet Daily News: Circle, the issuer of stablecoin USDC, has raised its IPO issuance plan, intending to issue 32 million Class A common shares at a price of US$27 to US$28 per share, an increase from the previously planned 24 million shares and a pricing range of US$24 to US$26. If calculated at the upper limit of the price range, Circles IPO valuation will reach US$7.2 billion, and it plans to raise up to US$896 million in funds.
Circle plans to list on the New York Stock Exchange under the ticker CRCL. Previously, the companys registration documents submitted to the U.S. Securities and Exchange Commission on May 27 showed that the original planned valuation was slightly lower. The increase shows that market investors are very interested in it, and institutions including BlackRock have expressed strong support.
Circle is the issuer of USDC, the worlds second largest stablecoin by market value. Although its revenue scale is not as large as that of its competitor Tether, Circle achieved a 55.1% growth in the first quarter of 2025, reaching US$557.9 million thanks to US Treasury returns. Standard Bank predicts that by the end of 2028, the total market value of the stablecoin market is expected to increase tenfold. (The Block)
FalconX acquires majority stake in crypto hedge fund Monarq’s parent company
Odaily Planet Daily News: Digital asset broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management, a move aimed at expanding its asset management services.
Terms of the deal were not disclosed. Austin Reed, head of global revenue and operations at FalconX, a private company based in San Mateo, California, said the investment provides the company with an opportunity to expand its institutional client base from hedge funds, proprietary trading firms and asset managers to a broader range of sectors. (Bloomberg)
Consensys acquires wallet infrastructure provider Web3 Auth
Odaily Planet Daily News: Blockchain software development company Consensys announced the acquisition of wallet infrastructure provider Web3 Auth, but did not disclose the financial details of its recent transaction, which aims to enhance the user experience of MetaMask and use familiar Web2 login methods (such as social accounts and device authentication) to create and restore wallets, without the need to manually back up mnemonics, thereby reducing the risk of fund loss. (CoinDesk)
Odaily Planet Daily reported that Mask Network announced the strategic acquisition of Orb.club, a native social application on the Lens chain. The application has more than 50,000 monthly active users and features such as viral emojis, collectible dynamics, and native reward mechanisms, ranking at the forefront of Web3 native social networks. This acquisition will incorporate Orb.club into the social ecological matrix governed by MaskDAO, marking a key step for Mask in building a user-independent Internet ecosystem.
After joining the ecosystem, Orb will form synergies with Next.ID (decentralized identity), Web3.bio (on-chain archive search), Firefly.social (Web3 all-round application), etc. to build a social graph. Mask founder Suji Yan said, Orb has restored the soul of social media. We look forward to empowering it through infrastructure and driving its exponential growth.
Since Orb went online in 2024, the on-chain content economy and tokenized community built by the platform have formed a closed loop of instant monetization and autonomous governance for creators. Co-founder Kimmo Sirén said that in the future, he will focus on mobile experience and community co-creation.
Character*Voice
Morgan Stanley: The Feds rate cut will exceed market expectations, pushing Treasury yields lower
Odaily Planet Daily News: Vishwanath Tirupattur and Serena Tang of Morgan Stanley Research pointed out in a report that for U.S. Treasury investors, economic slowdown and expectations of Fed rate cuts are the most important. Morgan Stanley expects that under the influence of these factors, U.S. Treasury yields will fall, and the 10-year Treasury yield will fall to 4.00% by the end of 2025, and the 10-year Treasury yield will be slightly above 3.00% by the end of 2026. They said: We believe that the prospect of Fed rate cuts will exceed the current market pricing, which will drive Treasury yields lower, especially starting in early 2026. (Jinshi)
Odaily Planet Daily reported that Wintermute founder and CEO Evgeny Gaevoy responded to James Wynns public call on X: Overall, I think its just a well-executed HL marketing campaign. James Wynn did a good job and the tweet was great.
Yesterday, James Wynn said many times that his positions had been targeted by the whale hunting team. Yesterday, he even posted a message on X and took the initiative to call Wintermute to announce his return, which seemed to imply that Wintermute was the sniper. After that, James Wynn also launched a fundraising campaign with the purpose of fighting against the market making group.
Odaily Planet Daily News: BitMEX co-founder Arthur Hayes posted on the X platform, Im beginning to think that this (referring to the whale James Wynns attempt to raise funds at zero cost) may become one of the most successful trading platform marketing campaigns in the history of the crypto circle. HYPE will definitely win. In addition, this guy is likely to be hedging in another anonymous address, specifically to grab the next round of airdrops.
Willy Woo: The market is in a liquidation season and it is not advisable to go long at this stage
Odaily Planet Daily News: Trader Willy Woo posted on the X platform that it is not a good time to bet on the rise of Bitcoin, and the market is in the liquidation hunting season. He pointed out that due to the high leverage level of the derivatives market, it is difficult for Bitcoin to rise, and it is necessary to clean out too many casino speculators before the next round of new highs can be opened.
