- CEX Hot Coins
CEX Trading Volume Top 10 and 24-Hour Price Change:
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%
24H Price Increase Ranking (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%
- 24H Hot Search Coins
LOUD: Completed the InfoFi project sale over the weekend, currently valued at $7.75 million.
LayerEdge (EDGEN), Subsquid (SQD): New projects launched on Binance Alpha yesterday.
Headlines
Michael Saylor: Strategy YTD BTC Return Reaches 16.9%
Odaily Planet Daily reports that Michael Saylor posted on X platform stating that Strategy's BTC return YTD is 16.9%. As of June 1, 2025, we hold 580,955 Bitcoins, with an acquisition average price of $70,023.
SharpLink Gaming Completes $425 Million Private Financing, Consensys Leads
Odaily Planet Daily reports that SharpLink Gaming announced the completion of $425 million in private financing, led by Consensys. SharpLink plans to use the proceeds to purchase ETH and make it its primary treasury reserve asset.
Odaily Planet Daily reports that the Ethereum Foundation announced the restructuring of its research and development team, laying off some employees and renaming the department to "Protocol" to focus on the core challenges of protocol design.
This adjustment aims to address ongoing criticism from the community regarding the foundation's management and strategic direction. Some voices warn that failing to resolve key technical issues may threaten Ethereum's position as a technological leader in the industry.
The foundation stated that the restructured Protocol team will work on three main priorities: enhancing the scalability of the Ethereum underlying network, advancing blobspace expansion in data availability strategies, and improving user experience.
The foundation mentioned in the announcement that "some members of the R&D team will no longer continue," and encouraged other teams to absorb these talents. The number of layoffs has not been disclosed.
Additionally, the foundation stated that the restructured team will focus on improving the transparency of upgrade timelines, 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)
Whale James Wynn Attempts to Raise Funds to Combat Market-Making Groups
Odaily Planet Daily reports that whale James Wynn posted on the X platform and disclosed an address, attempting to raise funds to combat market-making groups, stating that if he wins, everyone will receive a 1:1 refund.
Odaily reminds users that market risks are high, and investors should be cautious.
James Wynn Deletes "Begging" Fundraising Tweets After Position Turns Profitable
Odaily Planet Daily reports that the X platform shows that James Wynn deleted the fundraising tweet posted at 10 PM last night after his Hyperliquid position turned profitable.
Hyperliquid data indicates that his position is 945 BTC, with a total value of about $100 million, an entry price of $105,890, and a liquidation price of $103,622, which has now turned profitable.
Industry News
Reitar Logtech Announces $1.5 Billion Bitcoin Acquisition Plan
Odaily Planet Daily reports that U.S. publicly listed company Reitar Logtech announced a $1.5 billion Bitcoin acquisition plan, intending to use this acquisition to enhance financial stability while pursuing advancements in logistics technology. This acquisition is part of Reitar Logtech's broader strategy to enhance its operational capabilities and expand its influence in the logistics technology market. (Tipranks)
Robinhood Completes $200 Million Acquisition of Cryptocurrency Exchange Bitstamp
Odaily Planet Daily reports that Robinhood has completed a $200 million cash acquisition of Bitstamp, a cryptocurrency exchange based in Luxembourg. This acquisition adds over 50 licenses and registrations to Robinhood's crypto business and brings a mature institutional client base.
Bitstamp has over 5,000 institutional clients and 50,000 retail users, with the majority of trading volume coming from institutional clients. Robinhood stated that this acquisition significantly expands its crypto business in the European, UK, and Asian markets. Robinhood also indicated that it does not rule out further acquisitions in the crypto space in the future. (Cointelegraph)
Metaplanet Spends $117.3 Million to Increase Holdings by 1,088 BTC, Total Holdings Reach 8,888 BTC
Odaily Planet Daily reports that Metaplanet announced an increase of 1,088 BTC for approximately $117.3 million, with a unit price of about $107,771. As of now, the company holds a total of 8,888 BTC, with a total acquisition cost of about $830 million and an average acquisition price of $93,354.
Metaplanet stated that its Bitcoin holdings have achieved a return of 225.4% YTD in 2025.
Binance: Users with at least 223 Binance Alpha Points Can Claim 1,111 EDGEN Token Airdrop
Odaily Planet Daily reports that according to official news, Binance announced that LayerEdge (EDGEN) trading will start on June 2, 2025, at 18:30 (UTC+8). Eligible Binance users with at least 223 Binance Alpha Points can claim 1,111 EDGEN tokens from the Alpha event page starting from June 2, 2025, at 18:30 (UTC+8). Claiming the airdrop will consume 15 Binance Alpha Points. Users need to complete the claim within 24 hours after the claim opens, or it will be considered a waiver of the airdrop.
Binance: Users with at least 210 Binance Alpha Points Can Claim 424 SQD Token Airdrop
Odaily Planet Daily reports that Binance Alpha has now launched Subsquid (SQD). Eligible Binance users with at least 210 Binance Alpha Points can claim 424 SQD tokens from the Alpha event page starting from June 2, 2025, at 21:00 (UTC+8). Claiming the SQD airdrop will consume 15 Binance Alpha Points. Users need to complete the claim within 24 hours after the claim opens, or it will be considered a waiver of the airdrop.
Project News
Tether Launches Full-Chain Gold Stablecoin "XAUt0" on TON Blockchain
Odaily Planet Daily reports that Tether announced a partnership with the TON Foundation to launch its gold-backed stablecoin XAUt's full-chain version—XAUt0 on the TON blockchain, aiming to expand the accessibility of digital gold through a multi-chain interoperability strategy. XAUt0 is built on the LayerZero full-chain fungible token (OFT) standard, allowing for free transfer across different chains. According to CoinGecko data, XAUt is currently the largest gold stablecoin by market capitalization, with a circulation of over $832 million, and is currently issued only on Ethereum. Tether has not disclosed the list of other blockchain platforms that will support XAUt0 in the future. (FinanceFeeds)
Odaily Planet Daily reports that Sonic's official account on X stated that the Q1 S airdrop will be distributed in two phases: 25% of the tokens will be immediately circulating, meaning users can claim 1/4 of the tokens at the time of the airdrop; 75% of the tokens will have a lock-up restriction, and this portion will be gradually released in the form of tradable NFTs over 270 days, with a mechanism for early redemption and destruction.
Webus Signs XRP Funding Agreement with Samara Alpha with a Cap of $300 Million
Odaily Planet Daily reports that the customized ride service platform Webus announced it has signed an XRP funding agreement with Samara Alpha, establishing Samara Alpha as Webus's exclusive digital asset trustee, with an authorized management cap of $300 million. (Marketscreener)
Morph CEO Cecilia Hsueh Steps Down, Former Binance Executive Colin Goltra Takes Over
Odaily Planet Daily reports that Cecilia Hsueh, co-founder and CEO of the Ethereum Layer 2 project Morph, announced her resignation, with the current Chief Growth Officer and former Binance executive Colin Goltra taking over. Morph was incubated by Bitget and established in 2023, having raised $20 million last year led by Dragonfly. The new CEO Goltra previously served as COO of YGG and Director of Asia Pacific Expansion at Binance, with over 10 years of Web3 experience. Hsueh will transition to a project advisor role.
Magickbase Detects Abnormal Activity on Force Bridge and Has Suspended Related Services
Odaily Planet Daily reports that Magickbase, a developer of desktop wallet products based on the Nervos network, stated on the X platform that it has detected abnormal activity on the Nervos cross-chain bridge Force Bridge and has 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, resulting in the theft of assets worth $3 million.
Regulatory Policies
SEC Chair to Attend Senate Appropriations Committee Hearing Tomorrow and Testify
Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has officially announced that its chair, Paul Atkins, will attend a hearing of the U.S. Senate Appropriations Committee tomorrow at 2:30 PM (Eastern Time) to testify, with a live broadcast to be provided.
Investment and Financing
Circle Raises Its IPO Offering Size, Target Valuation of $7.2 Billion
Odaily Planet Daily reports that Circle, the issuer of the stablecoin USDC, has raised its IPO offering plan, intending to issue 32 million Class A common shares at a price of $27 to $28 per share, up from the previous plan of 24 million shares at a price range of $24 to $26. If calculated at the upper limit of the price range, Circle's IPO valuation will reach $7.2 billion, aiming to raise up to $896 million.
Circle plans to list on the New York Stock Exchange under the ticker symbol "CRCL." Previously, the company submitted registration documents to the SEC on May 27, showing a slightly lower planned valuation. This increase indicates strong interest from market investors, with institutions including BlackRock expressing strong support.
Circle is the issuer of USDC, the second-largest stablecoin by market capitalization. Although its revenue scale is not as large as its competitor Tether, Circle achieved a 55.1% growth in Q1 2025, reaching $557.9 million, thanks to U.S. Treasury yields. Standard Bank expects the total market capitalization of stablecoins to grow tenfold by the end of 2028. (The Block)
FalconX Acquires Majority Stake in Crypto Hedge Fund Monarq's Parent Company
Odaily Planet Daily reports that digital asset broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management, aiming to expand its asset management services.
The terms of the transaction were not disclosed. Austin Reed, FalconX's Head of Global Revenue and Business, based in San Mateo, California, stated that this investment provides the company with the opportunity to expand its institutional client base from hedge funds, proprietary trading firms, and asset management institutions to a broader field. (Bloomberg)
Consensys Acquires Wallet Infrastructure Provider Web3Auth
Odaily Planet Daily reports that blockchain software development company Consensys has announced the acquisition of wallet infrastructure provider Web3Auth, but did not disclose the financial details of the recent transaction. This acquisition aims to enhance the user experience of MetaMask and will allow users to create and recover wallets using familiar Web2 login methods (such as social accounts and device authentication) without manually backing up seed phrases, thereby reducing the risk of fund loss. (CoinDesk)
Odaily Planet Daily reports that Mask Network has announced the strategic acquisition of Orb.club, a native social application on the Lens chain, which has over 50,000 monthly active users and features viral memes, collectible dynamics, and a native tipping mechanism, ranking among the top in Web3 native social applications. This acquisition will integrate Orb.club into the social ecosystem governed by MaskDAO, marking a key step for Mask in building a user-driven internet ecosystem.
After joining the ecosystem, Orb will form synergies with Next.ID (decentralized identity), Web3.bio (on-chain profile search), Firefly.social (Web3 all-in-one application), and others to build a social graph. Mask founder Suji Yan stated, "Orb brings the soul back to social media. We look forward to empowering it through infrastructure to drive exponential growth."
Since its launch in 2024, the on-chain content economy and tokenized community built by Orb have formed a closed loop of instant monetization for creators and autonomous governance. Co-founder Kimmo Sirén stated that the focus will be on mobile experience and community co-creation in the future.
Voices
Morgan Stanley: Fed Rate Cuts Will Exceed Market Expectations, Pushing Down Treasury Yields
Odaily Planet Daily reports that Vishwanath Tirupattur and Serena Tang from Morgan Stanley Research noted in a report that for U.S. Treasury investors, economic slowdown and Fed rate cut expectations are the most important factors. Morgan Stanley expects that under the influence of these factors, U.S. Treasury yields will decline, with the 10-year Treasury yield dropping to 4.00% by the end of 2025 and slightly above 3.00% by the end of 2026. They stated, "We believe that the prospects for Fed rate cuts will exceed the current market pricing, which will push Treasury yields lower, especially starting in early 2026." (Jin10)
Odaily Planet Daily reports that Evgeny Gaevoy, founder and CEO of Wintermute, responded on X to James Wynn's public remarks, stating, "Overall, I think this is just a well-executed HL marketing campaign. James Wynn did well, and the tweets were excellent."
Yesterday, it was reported that James Wynn had previously stated multiple times that his position had been targeted by a whale team, and he even posted on X to announce his return, seemingly implying that Wintermute was targeting him. Subsequently, James Wynn also initiated a fundraising effort aimed at "combating market-making groups."
Odaily Planet Daily reports that BitMEX co-founder Arthur Hayes posted on X, stating, "I am starting to think that this (referring to whale James Wynn's attempt to raise funds at zero cost) could become one of the most successful marketing campaigns for a trading platform in crypto history. HYPE will surely win. Additionally, this guy is likely hedging trades at another anonymous address specifically to cash in on the next airdrop."
Willy Woo: The Market is in a "Liquidation Season," Not a Good Time to Go Long
Odaily Planet Daily reports that trader Willy Woo posted on X stating that now is not a good time to bet on Bitcoin's rise, as the market is in a "liquidation hunting season." He pointed out that due to high leverage levels in the derivatives market, Bitcoin is struggling to rise and needs to clear out excessive "casino speculators" before the next round of new highs can begin.
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