24H Hot Tokens & Headlines | Strategy Sold 32 BTC for $2.5 Million Last Week; HYPE Briefly Surged Past $75.8 to Hit a New All-Time High (June 2)
- Core View: The market showed a diverging trend on the day, with some tokens like WLD and NEAR rising against the grain, while the top ten by CEX trading volume generally declined. Major industry events include nearly all of the approximately $220 million stolen in the Kelp DAO cross-chain bridge hack being laundered, and DeFi protocol Radiant Capital announcing the closure of operations after failing to recover from a $51 million hack.
- Key Elements:
- Among the top ten by CEX trading volume, major tokens like BTC, ETH, and SOL declined, while NEAR and WLD rose by 13.03% and 16.68% respectively, ranking among the top three gainers.
- Popular on-chain Meme coins include FSTOCK, 苹果人生, MCDOGE, WOK, and BTS, indicating market hotspots remain concentrated on Meme assets.
- Nearly all of the approximately $220 million in stolen funds from the Kelp DAO cross-chain bridge hack have been laundered, with the hacker's wallet holding only about $1.7 million, as funds were moved using privacy tools.
- DeFi lending protocol Radiant Capital officially announced the closure of its operations, unable to recover from the $51 million hack in October 2024.
- Telegram CEO Pavel Durov announced that the native token of the TON network will be renamed to Gram, reverting to the name from its early whitepaper as part of the "Make TON Great Again" plan.
- After reconvening, the U.S. Senate has advanced deliberation on the CLARITY Act, a bill aimed at granting commodity regulators more authority over digital assets, though disagreements remain on issues such as stablecoins.
1. CEX Hot Tokens
CEX Top 10 by Trading Volume and 24-Hour Change:
- BTC: -4.17%
- ETH: -1.52%
- SOL: -2.71%
- BNB: -2.32%
- XRP: -3.90%
- XLM: -11.72%
- DOGE: -0.45%
- NEAR: +13.03%
- WLD: +16.68%
- TRX: -2.28%
24-Hour Gainers List (Data Source: OKX):
- AERGO: +21.11%
- PARTI: +16.90%
- WLD: +15.61%
- NEAR: +12.64%
- DEGEN: +10.25%
- OFC: +8.43%
- MERL: +7.34%
- TON: +7.38%
- AI: +7.39%
- ORDI: +4.80%
24-Hour Crypto and Stock Gainers List (Data Source: msx.com):
- ABTS: +201.5%
- FLNC: +53.02%
- AAOX: +34.07%
- LAC: +23.99%
- MDB: +23.11%
- AMC: +21.97%
- ALMU: +21.64%
- ICG: +18.07%
- AAOI: +17.44%
- ARM：17.17%
2. Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- FSTOCK
- Apple Life
- MCDOGE
- WOK
- BTS
Headlines
Strategy Discloses Sale of 32 Bitcoins Last Week
According to market sources, Strategy disclosed selling 32 Bitcoins at an average price of $77,135 last week, netting $2.5 million.
Polymarket Finalizes 'Strategy Sold Bitcoin in May' as 'No'
Odaily Seer Channel monitoring shows that despite market rumors of Strategy selling BTC, with no official statement issued, Polymarket has finalized the market 'Strategy Sold Bitcoin in May' as 'No'.
A Polymarket official stated, "We are aware of the dispute surrounding this prediction market. If a clarifying announcement is to be released, it will be published by 1:00 PM EST on June 1st. If no announcement is made by then, it indicates the Polymarket team will not issue further clarification. Regardless of whether clarification is released, the order book will be settled at 1:00 PM EST on that day."
HYPE Briefly Breaks $75.8, Reaches New All-Time High
OKX chart shows HYPE briefly broke above $75.8 this morning, reaching a new all-time high, and is currently trading at $73.4.
Industry News
According to Arkham monitoring, nearly all of the approximately $220 million in unfrozen funds from the Kelp DAO cross-chain bridge attack have been laundered by the hacker, leaving only about $1.7 million in the attacker's original wallet. The hacker is linked to North Korea and previously launched a $292 million cross-chain bridge attack on LayerZero in April. Funds were moved through privacy tools like THORChain, Wasabi, Tornado Cash, and Umbra. On April 20th, the Arbitrum Security Council froze approximately $71 million in ETH, which is currently the only recoverable portion. On May 18th, LayerZero released a report attributing the attack to the North Korean TraderTraitor group.
Radiant Capital Announces Shutdown, Fails to Recover from $51 Million Hack
DeFi lending protocol Radiant Capital has announced it will officially shut down operations. The protocol was hacked in October 2024, losing approximately $51 million. The attacker gained unauthorized access by deploying a backdoor contract on Arbitrum and BNB Chain.
Additionally, Radiant Capital suffered a flash loan attack in early 2024, losing about 1,900 ETH (approximately $4.5 million at the time). After 18 months of recovery attempts, the team stated it could neither recover most of the stolen funds nor secure new financing, concluding that "the DAO has no viable path forward."
TON Rebrands Gram Token, CEO Says Network 'Returning to Its Roots'
Telegram CEO Pavel Durov announced that the native token of The Open Network (TON) will be renamed to Gram, reverting to its original name from the project's early whitepaper. TON will remain the name of the blockchain network, while Gram will become the name of its native currency.
Durov stated this rebranding is the fourth step in his seven-part 'Make TON Great Again' plan. The entire transition is expected to take about three weeks, and the remaining three initiatives have not yet been disclosed.
Project News
Perp DEX BULK, Backed by Solana Founder, Launches Season 1 Points Program
Solana ecosystem Perp DEX project BULK has announced the launch of its Season 1 points program. Pre-deposits are now open, with 1 million AURA (points) distributed weekly until the exchange officially launches.
Previously, BULK announced the completion of an $8 million seed funding round led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko, among others.
edgeX: EDGE Price Anomaly Caused by External Manipulation, Not a Platform Security Incident
edgeX released the latest statement regarding the abnormal price fluctuation of the EDGE token, stating that the protocol did not suffer any form of attack. This incident was not a hack, exploit, or security vulnerability.
edgeX indicated that current information suggests the abnormal price movement was an act of deliberate market manipulation by external parties. It is a matter of market integrity, not platform security. The team stated they are actively investigating with the relevant exchanges and partner platforms and will publish a more comprehensive incident report upon completion of the investigation.
X Layer and xStocks Form Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
According to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. The two parties will jointly facilitate the integration of tokenized stock assets into the X Layer ecosystem and offer related trading services to OKX Wallet users. In the future, users can trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The partners will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.
Funding & Investments
Digital asset firm Keyrock plans to acquire bankrupt crypto trading and lending company BlockFills for $3.25 million. The deal is still subject to court approval. BlockFills filed for Chapter 11 bankruptcy protection in March, listing liabilities between $100 million and $500 million, and assets between $50 million and $100 million. The acquisition would provide Keyrock with access to BlockFills' institutional client network, including hedge funds, asset managers, market makers, and mining companies.
Regulatory Developments
US Senate Advances CLARITY Act Deliberations After Returning This Week
Following the US Senate's return this week, the Digital Asset Clarity (CLARITY) Act has moved into the next phase of deliberation. The bill, introduced by Republicans and passed by the House in July 2025, includes provisions granting the federal commodity regulator more authority over digital assets.
Before the recess, the bill had passed through two key Senate committees. However, disagreements remain over issues such as stablecoins, tokenized stocks, ethics clauses, and conflicts of interest. JPMorgan CEO Jamie Dimon stated that the banking sector would not accept the current version of the CLARITY Act, arguing that it allows crypto companies to pay interest on user deposits and stablecoin balances.
Voices
Serenity, dubbed the 'New Stock God', wrote that they had not anticipated Google's parent company Alphabet needing financing to support its $80 billion AI capital expenditure plan, stating the funds would be used for AI infrastructure construction for hyperscale cloud service providers.
According to their introduction, the financing includes a $40 billion ATM offering plan, $30 billion in stock and related securities issuance, as well as a $10 billion investment from Berkshire Hathaway.
Serenity believes that Alphabet's expansion of AI capital expenditure could benefit upstream supply chain companies such as Lumentum (LITE), Broadcom (AVGO), MediaTek, TSMC (TSM), and Micron (MU). However, they also noted that for Google shareholders, such a massive capital expenditure, not entirely supported by free cash flow, might not have an entirely positive impact.
Trump: Doesn't Care if Talks with Iran End, Oil Prices Will Drop Soon
On Monday local time, US President Donald Trump told CNBC in an interview: "Honestly, I don't care if the talks end." When asked about reports of Iranian negotiators halting communication with the US due to Israel's military actions in Lebanon, Trump responded: "I really couldn't care less." Trump told CNBC he "will be asking" Israeli Prime Minister Benjamin Netanyahu "exactly what's going on in Lebanon." He also stated he is not worried about oil prices. This followed a report from Iranian state media that caused oil prices to surge, claiming Tehran would not only halt talks but also vowed to "completely block" the Strait of Hormuz. Trump said: "I think oil prices are going to go down like a rock in the not-too-distant future, very short period of time."
