Top CEX Tokens
Top 10 CEX Trading Volume and 24-Hour Price Change:
BNB: 2.66%
BTC: 0.25%
ETH: 0.60%
CREAM: 2.84%
SOL: -1.37%
WING: 3.71%
Pepe: 8.23%
FIRO: -1.14%
UFT: 1.30%
LTO: 2.36%
24H Gainers (Data from OKX):
X: 59.18%
API 3: 32.17%
NMR: 16.79%
UXLINK: 14.36%
MEMEFI: 13.58%
OL: 11.87%
CFG: 10.53%
MAX: 10.38%
LUNA: 10.31%
UMA: 9.99%
2. Top 5 On-Chain Meme Tokens (Data from GMGN):
FUNK
ITRUMP
FINGER
ROGERS
PIPE
Headline News
Trump: Bowman to Serve as New Federal Reserve Vice Chair for Supervision
U.S. President Trump stated that Bowman will serve as the new Federal Reserve Vice Chair for Supervision.
Opinion: Trump Hasn't Backed Down in Trade War, Recession Fears May Stifle BTC Recovery
U.S. Treasury Secretary Scott Bessent said on NBC News last Sunday that he does not rule out the possibility of a recession, which may mean that Trump is not yet ready to back down in the trade war. If stock prices continue to fall, it is hard to imagine that Bitcoin will remain resilient in the long run, especially given the lack of an exciting narrative in the crypto market.
Amberdata Derivatives Head Greg Magadini analyzed, "Whether Trump will change the course of tariffs and his efforts to restore U.S. manufacturing to these price levels are worth watching, but it is hard to imagine risk assets collapsing without crypto being affected." The focus on macroeconomics means traders will be watching the Federal Reserve meeting on Wednesday for clues on the central bank's readiness to deploy stimulus measures.
Industry News
Canary Files S-1 for SUI ETF with U.S. SEC
Canary has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for a SUI ETF. The SEC has reportedly confirmed the application, and the proposed ETF will allow institutional and retail investors to directly access the native token SUI of the Sui network. In the past six months, financial institutions including Grayscale, Franklin Templeton, VanEck, and Ant Financial have launched investment products or plans on the Sui network.
Trump's Ex-Wife Calls for President to Drop Lawsuit Against Roger Ver
According to Bitcoin.com, on Sunday, Donald Trump's second wife Marla Maples posted on the social media platform X, calling on Trump and his team to drop the lawsuit against early Bitcoin investor Roger Ver. Videos related to Roger Ver's charitable work have been widely circulated online, including by "Students for Trump" co-founder Ryan Fournier and other libertarian advocates.
Last week, a group of international supporters released a video showcasing Roger Ver's charitable work, and Trump's ex-wife Marla Maples retweeted Fournier's post to her 61,500 followers on X. Maples added, "Share more on the call to drop the lawsuit against Roger Ver."
In May 2022, Roger Ver was arrested in Spain and is accused by the U.S. of mail fraud, tax evasion, and filing false tax returns. He is known online as the "Bitcoin Jesus" and was the former CEO of digital wallet developer Bitcoin.com.
Project News
Securitize and Ethena Launch EVM-Compatible Blockchain Converge
Securitize, which has close collaboration with BlackRock's money market fund BUIDL, and Ethena have announced the launch of Converge, an EVM-compatible institutional-grade DeFi blockchain. It aims to accommodate tokenized assets and provide decentralized finance (DeFi) innovations for institutional investors. According to Ethena founder Guy Young, new products provided by Securitize will be deployed on this blockchain, opening up new use cases. The EVM compatibility allows it to run Ethereum-based smart contracts, dApps, and tools without modification.
Robinhood Launches Prediction Markets Hub
Robinhood has announced the launch of its Prediction Markets Hub, which will roll out prediction market contracts through KalshiEX LLC across the United States, expected to be available to all eligible customers in the coming days.
Arbitrum Developer Offchain Labs Launches On-Chain Innovation Project "Onchain Labs"
According to the official announcement, the Arbitrum development team Offchain Labs has launched an on-chain innovation project called "Onchain Labs" to support projects committed to fair and equitable launches. The projects supported will be experimental and unstable. Offchain Labs also reminded the community to do their own research (DYOR) before purchasing any tokens related to Onchain Labs projects or interacting with them, as their role will be strictly focused on product and launch recommendations.
Offchain Labs also revealed that the first Onchain Labs project is about to be launched.
Bedrock Airdrop Query Page Supports Bitget, Bybit, Gate.io Pre-Deposit Function
The Bedrock airdrop query page now supports the pre-deposit function for Bitget, Bybit, and Gate.io. All participants can check their airdrop information through the Bedrock airdrop query page to ensure they don't miss the latest activities.
Regulatory Updates
Mark Uyeda, the Acting Chair of the U.S. Securities and Exchange Commission (SEC), stated that they are considering adjustments to the monthly reporting rule on mutual fund and ETF portfolio holdings. They are considering rescinding or modifying proposals on investor asset protection (including crypto) introduced during the Biden administration, which reportedly required registered investment advisors to custody crypto assets with qualified custodians and imposed certain requirements on these custodians.
At Least 13 Solana-Based ETPs Awaiting SEC Approval
According to the filing information, at least 13 Solana-based exchange-traded products are awaiting approval from the U.S. Securities and Exchange Commission. The applicants include institutions such as Grayscale, Bitwise, Canary, and 21Shares, and the products include Grayscale Solana Trust (Conversion), Bitwise Solana ETF, REX-Osprey SOL ETF, VanEck Solana Trust, 21Shares Core Solana ETF, and Canary Solana ETF.
However, as the SEC chair has not been officially appointed yet, these applications are currently pending. ETF Store president Nate Geraci predicted last week that BlackRock will apply for Solana and XRP ETFs, and a Bloomberg ETF analyst previously estimated a 70% chance of a Solana ETF approval by the end of this year.
Investment and Financing
Bitfarms Completes All-Stock Acquisition of Stronghold Digital Mining for Over $110 Million
Bitfarms, a Bitcoin mining company, announced the successful completion of a full-stock acquisition of Stronghold Digital Mining, a transaction valued at over $110 million, which is the largest merger between two publicly traded Bitcoin mining companies.
This acquisition will increase Bitfarms' market share in the North American energy market from 6% to 80%, particularly strengthening its presence in the PJM power grid in the United States.
Previously, Riot Platforms, the second-largest Bitcoin mining company globally, had attempted to acquire Bitfarms, but the deal ultimately fell through, and Riot Platforms chose to hold a 20% stake in Bitfarms.
YZi Labs Announces Investment in Plume Network
YZi Labs announced an investment in Plume Network, a blockchain-based aggregation module focused on the RWA (Real-World Asset) sector, aiming to bridge traditional finance and DeFi, and drive the financialization of RWAs (RWAfi). The specific investment amount has not been disclosed.
Voices
Pavel Durov Speaks in Dubai: Telegram Has Exceeded Its Legal Obligations
Telegram founder Pavel Durov, who was allowed to return to Dubai during a criminal investigation, expressed gratitude to the French judge and his team. He confirmed that after spending a few months in France, he has returned to Dubai. Durov also stated that Telegram has not only met but exceeded its legal obligations in terms of content moderation, cooperation, and combating crime over the years. Pavel Durov is particularly grateful for the support from supporters around the world. He claimed that a community of one billion people can overcome anything.
He Yi Seeks Attention for BNB Projects and Solicits Community Opinions
Binance co-founder He Yi posted on the X platform, asking the community which BNB projects she should focus on. She said, "Which BNB projects should I focus on? The ones that really Build."
Wemix CEO: Hackers Unlikely to Be North Korea's Lazarus, Plans to Restore All Services This Week
Wemade's blockchain subsidiary, the Wemix Foundation, has disclosed that it lost approximately 8.65 million WEMIX tokens (worth about $6.22 million) due to a hacking attack. Wemix CEO Kim Seok-hwan stated that the hackers are unlikely to be the North Korean Lazarus Group, but rather a professional individual who infiltrated the system by stealing the service monitoring authentication keys from the Nile NFT platform. The hackers reportedly prepared for this attack for two months and made 15 withdrawal attempts, 13 of which were successful. Kim Seok-hwan also revealed that Wemix plans to reopen all of its services on Friday and will upgrade its security measures on the new blockchain infrastructure.
