24H Trending Coins & Headlines | Strategy Sold 32 BTC for $2.5 Million Last Week; HYPE Briefly Surpasses $75.8 to Hit New All-Time High (June 2)
- Core View: The market showed diverging trends on the day, with some tokens like WLD and NEAR rising against the grain, while the top ten CEX trading volume leaders broadly fell. Major industry events included almost all of the approximately $220 million stolen from Kelp DAO's cross-chain bridge being laundered, and DeFi protocol Radiant Capital announcing it would cease operations after failing to recover from a $51 million hack.
- Key Elements:
- Among the top ten coins 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.
- Trending on-chain Meme coins included FSTOCK, Apple Life, MCDOGE, WOK, and BTS, indicating that market hotspots remain concentrated on Meme assets.
- Nearly all of the approximately $220 million stolen in the Kelp DAO cross-chain bridge hack has been laundered, with the hacker's wallet holding only about $1.7 million, the funds having been moved through privacy tools.
- DeFi lending protocol Radiant Capital announced its official closure due to its inability 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 used in its earlier whitepaper as part of the "Make TON Great Again" plan.
- Following its return, the U.S. Senate is advancing the CLARITY Act, which aims to grant commodity regulators greater authority over digital assets, though disagreements remain on issues such as stablecoins.
1. CEX Popular Tokens
CEX Top 10 Trading Volume & 24h 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%
24h Top Gainers (Data from 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%
24h Crypto & Stock Top Gainers (Data from 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 Hot On-Chain Memes (Data from GMGN):
- FSTOCK
- Apple Life
- MCDOGE
- WOK
- BTS
Headlines
Strategy Discloses Sale of 32 Bitcoin Last Week
According to market sources, Strategy disclosed selling 32 Bitcoin at an average price of $77,135 last week, raising $2.5 million.
Polymarket Final Ruling: "Strategy Selling BTC in May" is False
Odaily Seer Prophet Channel monitoring shows that despite market rumors about Strategy selling BTC, Polymarket has finally ruled the bet on "Strategy selling BTC in May" as false, without any official announcement from the company.
Polymarket officially stated, "We are aware of the dispute surrounding this prediction market. If a clarifying statement is to be released, it will be published at 1:00 PM Eastern Time on June 1. If no statement is issued by then, it means the Polymarket team will not provide further clarification. Regardless of whether a clarification is issued, the limit order book will be settled at 1:00 PM Eastern Time on that day."
HYPE Briefly Breaks $75.8, Renews All-Time High
OKX market data shows HYPE briefly broke through $75.8 this morning, setting a new all-time high, and is currently trading at $73.4.
Industry News
According to Arkham monitoring, the hacker has almost fully laundered approximately $220 million in un-frozen stolen funds from the Kelp DAO cross-chain bridge hack. The attacker's original wallet now holds only about $1.7 million. The hacker, linked to North Korea, previously executed a $292 million cross-chain bridge attack on LayerZero in April. Funds were moved using privacy tools like THORChain, Wasabi, Tornado Cash, and Umbra. On April 20, the Arbitrum Security Council froze about $71 million in ETH, currently the only recoverable portion. On May 18, LayerZero released a report attributing the attack to the North Korean TraderTraitor group.
Radiant Capital Announces Shutdown, Unable 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 after attackers deployed backdoor contracts on Arbitrum and BNB Chain to gain unauthorized access.
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 was unable to recover the majority of stolen funds nor secure new financing, concluding that "there is no viable path forward for the DAO."
TON Rebrands Gram Token, CEO Says Network "Returning to Its Roots"
Telegram CEO Pavel Durov stated that The Open Network's (TON) native token 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 called the rebranding the fourth step in his seven-step "Make TON Great Again" plan, estimating the transition will take about three weeks. The remaining three plans have not yet been disclosed.
Project News
Solana Co-Founder-Backed Perp DEX BULK Launches Season 1 Points Program
Solana ecosystem Perp DEX project BULK has announced the launch of its Season 1 points program. Pre-deposit is now open, with 1 million AURA (points) distributed weekly until the exchange officially goes live.
Previously, BULK announced the completion of an $8 million seed round led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko.
edgeX released a statement regarding the abnormal price fluctuation of its EDGE token, clarifying that the protocol has not suffered any form of attack, and that the incident was not caused by a hack, exploit, or security vulnerability.
edgeX stated that information gathered so far indicates the abnormal volatility was a deliberate market price manipulation effort by external parties. This is a market integrity issue, not a platform security issue. The team noted that they are actively investigating with relevant exchanges and partner platforms and will release a more comprehensive report upon completion.
X Layer Partners with xStocks; OKX Wallet to Integrate Tokenized Stock Assets
According to official sources, X Layer has formed a strategic partnership with xStocks, a regulated tokenized stock issuance platform. The collaboration aims to integrate tokenized stock assets into the X Layer ecosystem and make related trading services available to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from settlement, liquidity, and distribution support provided by X Layer. The parties will also launch a rapid listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.
Investment & Financing
Keyrock Aims to Acquire Bankrupt Digital Asset Trading & Lending Firm BlockFills for $3.25 Million
Digital asset firm Keyrock plans to acquire bankrupt crypto trading and lending company BlockFills for $3.25 million. The transaction still requires court approval. BlockFills filed for Chapter 11 bankruptcy protection in March, reporting liabilities between $100 million and $500 million, and assets between $50 million and $100 million. The acquisition would grant Keyrock access to BlockFills' institutional client network, including hedge funds, asset managers, market makers, and mining companies.
Regulatory Updates
U.S. Senate Advances CLARITY Act Deliberation After Returning from Recess
Following the U.S. Senate's return this week, the Digital Asset Clarity (CLARITY) Act has entered its next deliberation phase. The bill, proposed by Republicans and passed by the House in July 2025, includes provisions granting federal commodity regulators greater authority over digital assets.
The bill had passed two key Senate committees before the recess, but disagreements remain over stablecoins, tokenized stocks, ethics provisions, and conflicts of interest. JPMorgan CEO Jamie Dimon stated that the banking industry would not accept the current version of the CLARITY Act, arguing it would allow crypto companies to pay interest on user deposits and stablecoin balances.
Voices of the People
Serenity, known as the "New Stock God," posted that he had not previously anticipated that Google's parent company, Alphabet, would need financing to support its $80 billion AI CapEx plan. He added that the funds would be used for AI infrastructure development by hyperscale cloud service providers.
According to his introduction, the financing includes a $40 billion ATM offering plan, $30 billion in stock and related securities issuance, and a $10 billion investment from Berkshire Hathaway.
Serenity believes Alphabet's expanded AI CapEx could benefit upstream supply chain companies such as Lumentum (LITE), Broadcom (AVGO), MediaTek, TSMC (TSM), and Micron (MU). However, he also noted that for Google shareholders, such a large-scale CapEx not entirely funded by free cash flow might not have an entirely positive impact.
Trump: Doesn't Care if Iran Talks End, Oil Prices Will Soon Fall
On Monday local time, U.S. President Donald Trump told CNBC: "To be honest, I don’t care if the negotiations end." When asked about reports that Iranian negotiators stopped communicating with the U.S. due to Israeli military operations in Lebanon, Trump responded: "I really don't care." Trump told CNBC he "will ask" Israeli Prime Minister Benjamin Netanyahu "how things really are in Lebanon." He also said he was not worried about oil prices, following a report from Iranian state media that caused oil prices to surge. The report claimed 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 fall like a rock in the not too distant future, the very short term."
