24H Trending Coins & News Highlights | Trump Dismisses Report That Iran Deal Does Not Involve Nuclear Issues; Japanese and South Korean Stock Markets Hit Record Highs (June 1)
- Key Insights: The cryptocurrency market showed a divergent trend on the day, with a few coins like XLM and ZORA leading gains. On the macro front, Fed officials believe that stablecoin adoption will amplify their policy influence, while the probability of U.S. crypto regulation bills passing has declined, suppressing market risk appetite.
- Key Elements:
- Clear divergence in the CEX market: Major coins such as BTC, ETH, BNB, SOL, XRP, and DOGE generally fell between 0.5% and 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 list; trending on-chain Memes include bStocks, hey stock, STNK, etc.
- Solana Protocol Upgrade: The Temporal team submitted SIMD 547 draft, proposing a resource-demand-based fee model (100% burned) to increase the long-term burn amount of SOL.
- U.S. Regulatory Developments: Fed Governor Waller stated that stablecoin adoption would amplify the Fed's policy influence; JPMorgan Chase CEO warned that stablecoins could "collapse," and the probability of the Clarity Act passing within the year dropped from nearly 70% to just over 50%.
- Hong Kong Crypto Market Growth: Trading volume of 12 licensed virtual asset trading platforms in the first quarter of 2025 nearly tripled year-on-year, while related brokers' commission income increased by over 80% year-on-year last year.
- Security Incident: The Cosmos ecosystem cross-chain bridge, Gravity Bridge, suffered an attack due to a signature key leak, resulting in the theft of approximately $5.4 million in assets; services have been suspended.
- Fundraising & 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 Top 10 by Trading Volume & 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 Source: 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-Stock Gainers (Data Source: 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 Tokens (Data Source: GMGN):
- bStocks
- hey stock
- STNK
- Potential Stock
- Collapse
Headlines
Trump Refutes Claims That Iran Deal Excludes Nuclear Issue
U.S. President Donald Trump stated: "CNN reported today, as usual, that the Iran Nuclear Deal I reached didn't involve the 'nuclear' aspect at all. In fact, the agreement very clearly stipulates that Iran must not possess nuclear weapons. Subsequently, the agreement delves into all aspects of the nuclear issue in extremely detailed and forceful terms. In reality, this constitutes the core of the vast majority of the agreement's content.
Whether it's CNN or many other fellow 'Fake News Media,' their viewership ratings are a disaster. Even though they have changed ownership now, they probably will never recover."
Iranian Lawmaker: Nuclear Issue Off the Negotiation Table, Focus on Completely Ending the War
According to the Iranian Students' News Agency (ISNA): Kosari, a member of the Iranian National Security and Foreign Policy Commission, stated that the current focus of negotiations is on completely ending the war. The nuclear issue has been excluded from the negotiation table. Talks are still ongoing, but no final agreement has been reached yet.
Industry Highlights
Solana Proposes Upgrade Draft SIMD 547 to Increase Long-Term SOL Burn Volume
The Temporal team submitted upgrade draft SIMD 547 on the Solana governance forum. It proposes adopting a resource-based fee model on Solana (with 100% of new fees burned) to align costs with computation usage and increase the amount of SOL burned as network activity grows.
Japanese and South Korean Stock Markets Hit New Highs
According to Gate data, the South Korean KOSPI index expanded its early gains to 1%, and Japan's Nikkei 225 index is currently up 0.36%, with both hitting all-time highs.
The Kobeissi Letter posted on X platform, stating that in May, the stock portfolio most favored by retail investors outperformed the portfolio most favored by mutual funds by 16 percentage points, the largest single-month gap since data began in 2018. This retail-favored portfolio includes large-cap tech stocks, including the "Magnificent 7" and semiconductor stocks. In April, retail investors had already achieved a 14-percentage-point excess return, and the combined total over the two consecutive months set a new historical record for the largest gap, surpassing the previous record of 13 percentage points set during the meme stock frenzy in late 2020. During the same period, the total funds retail investors used for semiconductor options contracts reached 4.9 times the historical monthly average level, setting a new all-time high, 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 U.S. Department of Justice charged a Google engineer with using insider information to trade on Polymarket, profiting $1.2 million.
According to Cambodian media reports, Yang Weixin, a 53-year-old Chinese real estate company boss, was kidnapped by three suspects in the parking lot of an apartment building in Phnom Penh on the evening of May 29.
At 3:00 AM on May 30, the suspects used the victim's phone to send a message to his wife, demanding a $2 million cryptocurrency ransom. As the family was unable to pay, the suspects inflicted beatings and suffocation torture. At 11:00 AM that day, the victim's body was found in the back seat of a Toyota Prius in a wasteland in Ang Snoul district. The suspects went silent after sending a final message around 9:00 AM saying "that's it." Police have launched an investigation.
Project Highlights
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 relevant contracts will be listed on Bitnomial Exchange; Bitnomial is a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward.
Kraken said it submitted an application on Friday and stated that US customers will soon be able to trade perpetual futures on Kraken Pro. As of early Sunday morning, no application for a specific Bitcoin perpetual contract had been found in Bitnomial's recent CFTC filings.
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 contracts worth $60.7 million, with unrealized losses exceeding $22 million. Meanwhile, a whale holding a 5x leverage long position on HYPE currently has unrealized profits exceeding $46 million.
Gravity Bridge Announces Service Shutdown Following Attack
Gravity Bridge, a cross-chain bridge in the Cosmos ecosystem, stated that it has confirmed a security incident and urgently suspended bridge services to conduct an investigation. It has also requested validators to pause their validator nodes and coordinator operations.
Previously, Gravity Bridge was attacked due to a leak of signature keys, resulting in the theft of approximately $5.4 million in assets.
Funding News
AI Agent Security Platform Geordie Raises $30 Million Series A, 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, limiting non-deterministic AI agent decision-making behavior.
Regulatory Developments
Hong Kong Securities and Futures Commission (SFC) Chairman Wong Tin-yau disclosed in his latest speech that Hong Kong has orderly expanded the scope of products and services offered by licensed institutions. This includes providing more diversified 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. Trading volume in the first quarter of this year saw a substantial year-on-year increase of nearly threefold. Additionally, last year, brokers engaged in virtual asset-related businesses saw their commission income grow by over 80% year-on-year.
Notable 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 and commented: "Looking at this list, which is almost entirely junk coins, I think HYPE should at least surpass SOL before this cycle ends."
Fed Governor Waller: Stablecoin Adoption Will 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 Federal Reserve policy. "For countries adopting stablecoins, it's akin to a fixed exchange rate regime." "You will import the cost of US money. Therefore, in countries that use stablecoins 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 deposit-like interest yields on products like stablecoins without corresponding protections, and such arrangements "may ultimately crash," adding that he would not participate. Reports indicate that a disagreement persists between the banking industry and crypto companies over whether stablecoin accounts can offer interest-like rewards. The probability of the Clarity Act passing within the year has fallen from nearly 70% to just over 50%. Bitcoin recently fell below $76,000 amid the related uncertainty.
