Circle IPO priced at $31/share, raising ~$1.1B. Exceeded prior range, valuing company ~$6.9B market cap (~$8.1B fully diluted). (Bloomberg)
#crypto #blockchain #news
Ethereum Foundation announced a new financial policy: Maintain 2.5yr operational buffer, cap annual spending at 15% of treasury (5% target in 5yrs). ETH sold for ops via fiat/swaps. Quarterly/annual reports for transparency & responsible governance.
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According to Wu Shuo, Coinbase announced that it has added PancakeSwap (CAKE) to its listing roadmap.
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BitFuFu's May update: Produced 400 BTC (+91.4% MoM), with 357 for cloud. Managed hash rate rose 20.5% to 34.1 EH/s. Sold 178 BTC (avg $104k). Held 1,709 BTC end-May.
#crypto #blockchain #news #BTC #Bitcoin
Fed #BeigeBook May: US economy slightly declined amid uncertainty, driving caution. Manufacturing down, employment stable (lower demand). Prices rose moderately, more increases expected. #FederalReserve #Economy
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WuBlockchain: South Korean K Wave Media alliance secured up to $500M equity financing from Bitcoin Strategic Reserve KWM LLC for a Bitcoin asset reserve strategy, working capital, and investing in Bitcoin infra including Lightning Network nodes.
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Treasure Global launches $100M digital asset strategy, acquiring BTC, ETH, stablecoins. Supports digital infra, future Q3 2025 AI platform, financial optimization, tokenization & loyalty.
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Coinbase is listing Ethena (ENA) on Ethereum (ERC-20). Deposits are open now. Trading for ENA-USD starts on or after 9 AM PT, June 5, 2025, pending liquidity. Phased launch.
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According to Wu Shuo, Coinbase International Exchange announced it will list Sophon (SOPH) perpetual contracts on or after 9:30 (UTC) on June 5, 2025. The contracts will be available for trading on Coinbase International Exchange and Coinbase Advanced, with the contract code SOPH-PERP.
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JPMorgan reportedly plans to accept certain crypto assets (initially BlackRock's IBIT) as collateral for client loans & consider them in net worth assessments. This highlights Wall Street's deepening integration with the cryptocurrency market.
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On June 4, the Ethereum validator activation queue reached 306,438 ETH (~$800M), its highest level in over a year. Total ETH in queue is 347,919, with an estimated 6-day wait.
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BlackRock's BUIDL tokenized money market fund, active on Ethereum, has distributed over $43.4M in dividends to qualified investors. Its May payout exceeded $10M for the first time. The fund now manages $2.91B in assets, available to qualified investors.
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French-Moroccan Badiss Bajjou, 24, arrested in Tangier, Morocco. Suspected of planning kidnappings targeting French crypto entrepreneurs & families. Linked to Jan Ledger co-founder kidnapping & May attempts. (via Barrons)
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Gate.io delisted the LAUSDT perpetual contract & suspended trading, citing significant mark price deviation after LA's surge/crash. Gate.io closed orders & will cover negative balances after liquidation, ensuring users aren't required to top up for those losses.
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Crypto platform Rails raised $14M in token financing led by Slow Ventures, with Kraken participating. The funding will launch their hybrid trading model combining on-chain self-custody with centralized speed, using ZK proofs on Kraken's Ink L2 for fast, self-custodial trading.
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Crypto credit startup 3Jane raised $5.2M in a seed round led by Paradigm, according to The Block. Their protocol provides real-time, unsecured USDC credit lines for various users. Mainnet launch is anticipated in Q3 this year.
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US-listed Semler Scientific adds 185 BTC for $20M. Total holdings: 4449 BTC ($410M cumulative cost). Avg buy price: $92,158. The company reports a 26.7% YTD return on its Bitcoin investment. (Source: CEO tweet)
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MoonPay has secured a New York State Bitcoin License (BitLicense), per reporter Eleanor Terrett. This allows them to provide virtual asset services nationwide in all 50 US states, joining a limited group of licensed companies including Coinbase & Circle.
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HK LegCo member highlights Singapore's stricter crypto rules vs HK's welcoming stance (attracted 1000+ firms). He invites Singapore virtual asset firms to consider moving to HK, offering policy & setup assistance. #HongKong #Singapore #Web3 #Crypto
#blockchain #news
Sei Network hit new highs June 3 (DappRadar/Wu Shuo): 621k unique active wallets & 1.17M transactions recorded. Activity surge is driven by games on the network like World of Dypians, Europe Fantasy League, Hot Spring, and Archer Hunter.
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Hong Kong plans a 2nd VA policy declaration, integrating traditional finance with tech for safety & innovation to attract businesses. SFC is also considering virtual asset derivatives for professional investors with risk management.
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Vitalik Buterin active onchain June 4 (Arkham/WuBlockchain). He bought ~120 WETH, then sent ~$1.83M ETH & 340k USDC to privacy protocol Railgun. Vitalik supports Railgun, stating privacy is normal & protects users. #Ethereum #Crypto #Privacy
#blockchain #news
According to Wu Shuo, Binance announced it will remove the ACX/FDUSD, IDEX/FDUSD, ORCA/FDUSD, THETA/FDUSD, and XAI/FDUSD spot trading pairs based on recent review results. The removal is scheduled for 19:00 UTC+8 on June 6.
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Arbitrum L2 launches ArbiFuel, a gas fee sponsorship program for early-stage teams. It covers gas costs up to 1M transactions or $10k credit to help deploy, test, and attract users faster. Runs May 30 - Aug 30, 2025. Great for simple apps, wallets, payments.
#crypto #blockchain #news
K33, a Stockholm-listed digital asset firm, secured 60M SEK from core shareholders. Funding supports K33's planned launch of a Bitcoin fund strategy.
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Volatility falling across major assets, macro stabilizing. US 10/30yr yields sub-4.5%/5%; Japan 30yr sub-3%. Focus: US long-term debt auction (June) & Japan 40yr JGB today. Sen Lummis' stablecoin/Bitcoin reserve comments noted. Market anticipates crypto policy advancement restart.
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Trump Media (TMTG) plans to raise $3B ($2B stock, $1B bonds) to invest in crypto like Bitcoin, per FT. Announcement expected this week. Truth Social is part of the crypto strategy.
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World Liberty Financial announced it bought BUILDon (B) tokens, a BSC memecoin, to support the project team. WLF also encouraged more projects to adopt USD1 as a trading pair. Following the news, BUILDon price surged over 140%.
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OKX is launching big in the US! Hired Roshan Robert (ex Barclays) to lead. Starting with licensed spot trading in 47 states/territories. Future plans: derivatives, payments, RWAs. US teams established with ~500 employees ready. Get ready for OKX US!
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Blackstone's Alternative Multi-Strategy Fund disclosed holding 23,094 shares of iShares Bitcoin Trust (IBIT) as of March 31. This marks Blackstone's first public disclosure of Bitcoin exposure, according to portfolio documents.
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Sahara AI launched its public beta network SIWA May 19. SIWA enables on-chain validation & monetization for AI assets. Integrates 40+ partners (AWS, Google Cloud, UC Berkeley). Future: AI Dev Platform, AI Marketplace, DSP. DSP public testing starts May 27.
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Token unlocks approaching! Over $618M worth scheduled next 7 days. Big single unlocks ($5M+): PYTH, ALT, VENOM. Major daily unlocks ($1M+): SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, NEAR, ETHFI, JTO, FIL + others. Stay updated!
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MetaMask co-founder Dan Finlay confirms team is still considering a native token. Parent Consensys plans progressive decentralization via tokens. Info on potential token launch would be published directly *in* the wallet interface if a decision is made. (via TheBlock)
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Bo Hines (Trump Digital Asset Committee) at Consensus 2025: Expect Trump to sign stablecoin/market bills before Aug recess. Details finalizing. White House exploring strategic Bitcoin reserve. Trump kids are compliant investors, Trump "cannot be bought".
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Coinbase considered a MicroStrategy-style Bitcoin investment early on but declined due to cash flow concerns and not wanting to "compete with customers," per DL News. They hold $1.3B in crypto vs. MicroStrategy's massive BTC holdings. link
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Doodles' DOOD token airdrop on Solana caused a market cap drop from $100M+ to ~$60M (40% decrease). Floor price plummeted from 3.5 ETH to under 1.5 ETH, a ~60% valuation decrease. Doodles plans to bridge the 10B DOOD tokens to Base (Ethereum L2).
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Backpack Exchange has announced the launch of a new SOL lending feature, allowing users to earn up to 12% APY through a combination of SOL lending and staking. The service integrates staking, lending, and perpetual contract collateralization to enhance SOL asset utilization and yield efficiency.
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Arthur Hayes sees the U.S. Treasury, not the Fed, as key to Bitcoin's future. He predicts BTC hitting $1M by 2028, citing potential U.S.-China trade shifts. Hayes' portfolio: 60% BTC, 20% ETH, rest in "quality shitcoins." (via CoinDesk)
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UK won't hold Bitcoin reserves like the US, says Economic Secretary Reynolds. Instead, they'll boost US collaboration on digital assets with a new task force & June "regulatory forum." UK exploring DLT for sovereign debt, aiming to finalize suppliers this summer. No MiCA adoption; integrating digital assets into existing regulations.
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Texas Rep. Lance Gooden wants crypto ATMs in federal buildings! He argues to the GSA that they'd educate the public, showcase fintech, and align with Trump's vision of US crypto leadership. (via CoinDesk)
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JPMorgan's Kinexys (formerly Onyx) partners with 8 major banks in MENA (Qatar National Bank, Saudi National Bank, First Abu Dhabi Bank, Emirates NBD, etc.) to improve cross-border payments & transaction efficiency using blockchain. (via @TheBlock) #blockchain #mena #jpmorgan
#crypto #news
Singapore's SGB bank launched SGB Net, a 24/7 multi-currency clearing network for digital asset players. It offers free transfers, bypassing SWIFT & traditional banking hours. Targets crypto exchanges, stablecoin issuers, market makers, and more!
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