24H Hot Tokens & Headlines｜Trump Refutes Claims that Iran Agreement Involves Nuclear Issues; Japanese and South Korean Stock Markets Hit Record Highs (June 1)
- Core Viewpoint: The cryptocurrency market exhibited a divergent trend on the day, with a few tokens like XLM and ZORA leading the gains; on a macro level, Fed officials believe the proliferation of stablecoins will amplify the impact of their policies, while the probability of the U.S. crypto regulatory bill passing has decreased, suppressing market risk appetite.
- Key Elements:
- Clear divergence in the CEX market: Major tokens such as BTC, ETH, BNB, SOL, XRP, and DOGE generally declined by 0.5% to 4%, while XLM and ZEC bucked the trend, rising 15.97% and 5.88% respectively.
- On-chain Memes and Gainers List: ZORA (+18.23%), XLM (+16.25%), and MEME (+15.57%) led the 24-hour gainers chart; popular on-chain Memes include bStocks, hey stock, STNK, etc.
- Solana Protocol Upgrade: The Temporal team submitted a draft for SIMD 547, proposing to adopt a resource-demand-based fee model (100% burned) to increase the long-term burn rate of SOL.
- U.S. Regulatory Developments: Fed Governor Waller stated that the widespread adoption of stablecoins will amplify the Fed's policy influence; JPMorgan Chase CEO warned that stablecoins could "crash," and the probability of the Clarity Act passing this year has dropped from nearly 70% to just over 50%.
- Hong Kong Crypto Market Growth: The trading volume of 12 licensed virtual asset trading platforms in the first quarter of 2025 nearly tripled year-over-year, and related brokers saw their commission income increase by over 80% year-over-year last year.
- Security Incident: The Cosmos ecosystem cross-chain bridge Gravity Bridge suffered an attack due to a leaked signing key, resulting in the theft of approximately $5.4 million in assets; services have been suspended.
- Funding & Personal Views: AI Agent security platform Geordie completed a $30 million Series A funding round; Arthur Hayes believes that before the HYPE trend ends, its market cap should surpass that of SOL.
1. Popular Tokens on CEX
CEX Trading Volume Top 10 & 24h Change:
- BTC: -0.73%
- ETH: -1.32%
- BNB: -4.01%
- SOL: -1.06%
- XLM: +15.97%
- XRP: -1.07%
- ZEC: +5.88%
- TRX: +0.43%
- DOGE: -0.59%
- NEAR: +1.16%
24h Gainers (Data sourced from OKX):
- ZORA: +18.23%
- XLM: +16.25%
- MEME: +15.57%
- MERL: +10.87%
- ALLO: +9.62%
- RON: +7.72%
- SUSHI: +7.11%
- WLD: +6.93%
- SKY: +6.66%
- AI: +6.63%
24h Crypto-Equity Gainers (Data sourced from msx.com):
- DELL: +32.64%
- MX: +30.93%
- NTAP: +22.12%
- FFAI: +20.86%
- ABTS: +20.34%
- NOW: +18.47%
- BNC: +14.06%
- EBON: +13.83%
- IBM：+12.78%
- FGNX：+11.67%
2. Top 5 On-Chain Meme Coins (Data sourced from GMGN):
- bStocks
- hey stock
- STNK
- 潜力股
- 绷
Headlines
Trump Refutes Iran Deal Reports That It Doesn't Involve Nuclear Issues
US President Donald Trump stated: "CNN reported today, as usual, that the Iran Nuclear Deal I reached had nothing to do with 'nuclear' issues. In fact, the deal very clearly stipulates that Iran must not possess nuclear weapons. Subsequently, the agreement delves into every aspect of the nuclear issue in extremely detailed and strong language. In fact, this constitutes the core of the vast majority of the agreement's content.
Whether it's CNN or many other 'Fake News Media' counterparts, their ratings are nothing short of a disaster. Even with a change of ownership now, they will probably never recover."
Iranian Lawmaker: Nuclear Issue Not on Negotiating Agenda, Focus on Ending War
According to Iranian Student News Agency: Kowsari, a member of Iran's National Security and Foreign Policy Commission, stated that the current focus of negotiations is to completely end the war. The nuclear issue has been taken off the negotiating table. Talks are ongoing, but no final agreement has been reached yet.
Industry News
Solana Proposes Upgrade Draft SIMD 547, Aiming to Increase Long-term SOL Burn Rate
The Temporal team submitted upgrade draft SIMD 547 on the Solana governance forum, proposing the adoption of a resource-based fee model on Solana (with 100% of new fees burned), thereby aligning costs with compute usage and increasing the amount of SOL burned as network activity grows.
Japanese and South Korean Stock Markets Hit New Highs
According to Gate data, South Korea's KOSPI index expanded its early morning gains to 1%, and Japan's Nikkei 225 index is currently up 0.36%, both hitting record highs.
The Kobeissi Letter posted on X platform, stating that in May, the stock portfolio favored by retail investors outperformed the portfolio favored by mutual funds by 16 percentage points, the largest single-month gap since data became available in 2018. This retail-favored portfolio includes large-cap tech stocks, including the 'Magnificent 7' and semiconductor stocks. Prior to this, retail investors had already achieved a 14-percentage-point excess return in April. The two-month combined total marks the largest historical gap, surpassing the previous record of 13 percentage points set during the initial meme stock frenzy in late 2020. During the same period, the total capital spent by retail investors on semiconductor options contracts reached 4.9 times the historical monthly average, a new record high, which is approximately 25% higher than the previous record set in March 2024.
US DOJ Charges Google Engineer with Insider Trading on Polymarket, Profiting $1.2 Million
The US Department of Justice has charged a Google engineer with using insider information to trade on Polymarket, profiting $1.2 million.
According to Cambodian media reports, 53-year-old Chinese real estate company owner Yang Weixin was kidnapped by three suspects on the evening of May 29th in the parking lot of an apartment in Phnom Penh.
At 3:00 AM on May 30th, the suspects used the victim's phone to send a message to his wife, demanding a $2 million cryptocurrency ransom. Due to the family's failure to pay, the suspects subjected him to beatings and suffocation torture. At 11:00 AM the same day, the victim's body was found in the back seat of a Toyota Prius in a wasteland in Ang Snoul district. The suspects sent a final message around 9:00 AM saying 'this is the end' and then lost contact. Police have intervened in the investigation.
Project News
Kraken Plans to Launch CFTC-Regulated Perpetual Futures in the US Within 30 Days
Kraken stated that it expects to launch CFTC-regulated perpetual futures contracts in the United States within the next 30 days. The exchange said that upon approval, the contracts will be listed on Bitnomial Exchange; Bitnomial is a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward.
Kraken said it filed an application on Friday and indicated that US customers will soon be able to trade perpetual futures on Kraken Pro. As of early Sunday, no application specifically for Bitcoin perpetual contracts had been found in recent CFTC filings by Bitnomial.
HYPE Hits New ATH Above $72; Whale's 5x Long Position Floating Profit Exceeds $46 Million
According to Onchain Lens monitoring, HYPE has hit a new all-time high, breaking above $72. Loracle (@loraclexyz) has closed over 50% of their HYPE short position but still holds 843,232 HYPE short, valued at $60.7 million, with an unrealized loss exceeding $22 million. Meanwhile, a whale holds a HYPE 5x leveraged long position, currently with a floating profit exceeding $46 million.
Gravity Bridge Announces Service Shutdown Following Attack
The Cosmos ecosystem cross-chain bridge Gravity Bridge stated that officials have confirmed a security incident and have urgently suspended bridging services for investigation. They have also requested validators to pause validator nodes and coordinator operations.
Previously, Gravity Bridge was attacked due to the leakage of its signing keys, resulting in the theft of approximately $5.4 million in assets.
Funding
AI Agent Security Platform Geordie Completes $30 Million Series A Funding, Led by Balderton Capital
AI Agent security platform Geordie announced the completion of a $30 million Series A funding round, led by Balderton Capital, with participation from Crosspoint Capital, General Catalyst, and Ten Eleven Ventures. The company focuses on AI Agent governance and security, helping enterprises monitor the behavior, permissions, data access, and potential risks of internal AI agents in real-time, and limiting non-deterministic AI agent decision-making behaviors.
Regulatory Developments
Hong Kong Securities and Futures Commission (SFC) Chairman Kelvin Wong disclosed in a recent speech that Hong Kong has orderly expanded the scope of products and services that licensed institutions can provide, including offering more diverse product choices for professional investors, piloting secondary market trading of tokenized products, launching virtual asset-related financing services, and establishing a regulatory framework for virtual asset leveraged products. The 2025 trading volume of Hong Kong's 12 licensed virtual asset trading platforms has exceeded HKD 640 billion, with Q1 trading volume this year surging nearly three times year-on-year. Additionally, brokers engaged in virtual asset-related businesses saw their related commission income last year increase by over 80% year-on-year.
Voices
Arthur Hayes: HYPE Should at Least Surpass SOL Before This Cycle Ends
Arthur Hayes posted a list of the top 11 cryptocurrencies by market cap, stating: "Looking at this list, which is almost entirely garbage coins, I think HYPE should at least surpass SOL before this cycle ends."
Fed Governor Waller: Widespread Stablecoin Adoption Would Amplify Fed Policy Influence
Speaking at a panel discussion during the 32nd Dubrovnik Economic Conference, Federal Reserve Governor Christopher Waller stated that the global adoption of stablecoins could amplify the influence of Fed policy. "For countries that adopt stablecoins, it is akin to a fixed exchange rate regime." "You would be importing the cost of US currency. Therefore, in countries where stablecoins are used more, it effectively expands the reach of US monetary policy."
JPMorgan CEO Warns: Stablecoins Could 'Crash', Probability of Clarity Act Passing This Year Declines
JPMorgan CEO Jamie Dimon stated that the US crypto market structure bill, the Clarity Act, would allow crypto companies to offer returns similar to deposit interest on products like stablecoins, but lacks corresponding protections. He said such arrangements could "eventually crash" and that he personally would not participate in them. Reports indicate that disagreements persist between the banking industry and crypto companies over whether stablecoin accounts can offer interest-like rewards. The probability of the Clarity Act passing this year has fallen from nearly 70% to just over 50%. Affected by this uncertainty, Bitcoin recently fell below $76,000.
