Last night was another volatile and exciting night. The US released the core PCE index, and traders increased their bets on the Fed's rate cut, which was a positive for the crypto industry and promoted a short-term rebound. Bitcoin once broke through 69,000. In addition, the most noteworthy thing last night was the surge in the three new meme coins that Followin reported for the first time this week: $MOTHER (+423%), $PEW (+337%), and $SKOP (+289%).
Here are some of the highlights from last night:
1. The three major meme coins $MOTHER, $PEW, and $SKOP increased several times overnight
Concept coins: $MOTHER (+423%), $PEW (+337%), $SKOP (+289%)
Followin reported on $MOTHER, $PEW, and $SKOP as soon as they opened this week. These three memes rose sharply at the same time last night, with the increase reaching several times. Followin will continue to report the latest potential meme projects for users.
Related reports:
" A 30,000% increase overnight, American celebrity Katherine Jenner launches Trump-themed MEME coin? "
2. Bybit’s application for a Hong Kong virtual asset trading platform license has been withdrawn
After Bybit withdrew its Hong Kong license, all the top 10 exchanges in terms of trading volume in the world withdrew. Previously, OKX, Gate, and Huobi had announced their withdrawals. According to the information from the Hong Kong Securities Regulatory Commission, there are currently only two companies that have obtained VASP licenses: Hashkey and OSL.
3. The Uniswap Foundation postponed the vote on UNI staking and delegation rewards, and UNI once fell by nearly 10%
Concept currency: UNI (-6.8%)
The Uniswap Foundation postponed the UNI staking and delegation reward vote originally scheduled for Friday because a stakeholder discussed some issues with the foundation that needed attention and required additional due diligence to fully review. The foundation explained that it decided to postpone the vote due to the immutability and sensitivity of the proposed upgrade. Affected by this news, UNI fell rapidly in a short period of time, once falling below $10.
4. Biden vetoes a bill that would benefit the crypto industry
U.S. President Joe Biden has vetoed a resolution that would have overturned the U.S. SEC’s controversial crypto-asset accounting standard, SAB 121. “Overturning the considered judgment of the SEC staff in this manner could undermine the SEC’s broader authority over accounting practices,” he said in an official statement on May 31.
SAB 121 will take effect on April 11, 2024, but has been strongly opposed by the crypto community and legislators. According to previous news, the bill to overturn SAB 121 was voted through by the House of Representatives on May 8 and the Senate on May 17.
5. Japanese crypto exchage DMM Bitcoin was hacked and 4502.9 BTC was stolen, with a loss of US$305 million
Concept currency: BTC (-1.4%)
On May 31, Japanese cryptocurrency exchange DMM Bitcoin suffered a hacker attack, with losses amounting to $305 million. It is reported that 4,502.9 bitcoins were stolen from the exchange. DMM Bitcoin said it would guarantee the full amount of the stolen money. Currently, all spot purchases are temporarily restricted, and customers withdrawing yen may face delays.
It is reported that this is the second largest hacker attack loss amount for Japanese cryptocurrency exchanges. In 2018, Coincheck was hacked and lost 58 billion yen.
