1. CEX Popular Cryptocurrencies
CEX Top 10 Trading Volume and 24-Hour Price Changes:
BTC: + 1.01%
ETH: + 0.87%
SOL: + 0.03%
XRP: + 0.56%
BNB: + 0.48%
DOGE: - 0.07%
PEPE: - 2.02%
NXPC: - 6.07%
SUI: - 1.32%
ADA: + 1.88%
24H Gainers List (Data Source: OKX):
PSTAKE: + 40.55%
SAMO: + 29.92%
ZBCN: + 20.76%
AERGO: + 15.78%
FLM: + 7.71%
NEIRO: + 7.55%
GOAT: + 5.96%
GOG: + 5.88%
AIXBT: + 5.45%
ILV: + 4.79%
2. On-Chain Popular Meme Top 5 (Data Source: GMGN):
PEPUMP
GLYPH
KOGE
B
B2
3. 24H Hot Search Cryptocurrencies
B: B is a meme coin on BSC, attracting attention due to its close relationship with Trump's crypto project WLFI, which has repeatedly purchased the token on-chain. Its current market cap has exceeded $400 million.
PSTAKE: pSTAKE is the official token of the liquid staking protocol pSTAKE Finance. PoS token holders can deposit their tokens into the pSTAKE platform to mint 1:1 wrapped ERC-20 unstaked tokens pTOKEN (e.g., pATOM).
Headline
Trump Restores 90-Day Negotiation Window with EU
Trump stated that the EU's request to extend the trade negotiation window has been agreed upon, with the deadline extended to July 9. Last week, Trump said he would impose a 50% tariff on EU imports starting June 1. Previously, EU Commission President von der Leyen said after a phone call with Trump on Sunday that the EU is prepared to "swiftly and decisively" advance trade negotiations with the US, but needs Trump to return to the initially set 90-day negotiation period.
James Wynn Closes Out $1 Billion BTC Short Position, Losing Approximately $15.86 Million
According to @EmberCN monitoring, whale trader James Wynn closed out his $1 billion BTC short position between 6:09 and 6:15 this morning, totaling 9,402 BTC, using 40x leverage. The average opening price was $107,069, and the average closing price was $107,757, realizing a loss of approximately $15.86 million.
On May 25, James Wynn had completely closed his $1.2 billion BTC long position on Hyperliquid, and subsequently opened a BTC short position.
Industry News
Major US Banks Plan to Launch Stablecoin, Progress Depends on Legislation
JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other major US commercial banks are conducting preliminary consultations on jointly launching a stablecoin. Participating institutions include The Clearing House, owned by multiple banks, and Early Warning Services LLC, the company behind Zelle.
The stablecoin project is still in its early stages, and progress will highly depend on upcoming US stablecoin legislation. The GENIUS Act has received bipartisan support, requiring stablecoins to be fully reserved with US dollars or other highly liquid assets, mandating annual audits for issuers with a market cap over $50 billion, and clarifying terms for offshore issuance.
Cyberspace Administration Handles Illegal Financial Accounts, Including Crypto-Related Accounts
Recently, the Cyberspace Administration, in conjunction with financial management departments, has legally handled a batch of accounts and websites spreading false capital market information, conducting illegal stock recommendations, and hyping virtual currency trading.
Typical cases include:
1. "Love Stock APP" and other accounts spreading false capital market information.
2. "Brother Talks Finance" and other accounts conducting illegal stock recommendations.
3. "Fire Bro Talks Crypto" and other accounts/websites promoting virtual currency trading.
4. "Little North" and other accounts spreading black and gray market financial information.
Trump Uses Presidential Seal at TRUMP Dinner, Potentially Violating Federal Law
On Thursday night, Trump flew from the White House to a golf club in Virginia via military helicopter to attend his private TRUMP dinner. However, the invitation and venue decorations used the official presidential seal, including using a podium decorated with the presidential seal to address TRUMP token investors, potentially violating US federal law.
According to federal law, the national emblem cannot be used in a way that might "convey a false impression of government sponsorship or endorsement," with violators potentially facing fines or up to six months in prison.
Project News
Ondo Finance Launches On-Chain Securities Trading Platform "Ondo Global Markets"
Ondo Finance announced the launch of the "Ondo Global Markets" platform, which will support on-chain trading of public securities (including stocks) on the Solana blockchain. As competition intensifies for traditional financial markets to migrate to blockchain, the platform plans to deeply integrate with the Solana DeFi ecosystem.
Cetus Offers $5 Million Bounty for Hacker Leads, Supported by Sui Foundation
Cetus Protocol stated they have not yet received a response from the hacker and urge careful consideration of previous negotiation conditions. With support from Inca Digital and the Sui Foundation, Cetus announced a $5 million bounty for information that can successfully identify and assist in arresting the hacker, including name, location, and concrete evidence. Information can be emailed to info@inca.digital with the subject "Cetus lead".
Cetus added that if the hacker chooses to cooperate and accept the proposal, no legal action or bounty will be pursued, with the bounty amount to be paid at the Sui Foundation's discretion.
Polygon Co-Founder Mihailo Bjelic Resigns, Third Co-Founder to Leave
Polygon co-founder Mihailo Bjelic announced he will "step back from an active role at Polygon and resign from the foundation board". He stated: "As the project develops and matures, changes in vision and even differences are natural. I can no longer contribute to Polygon in the best possible way." Bjelic will exit the Polygon Labs and Polygon Foundation board. He is the third co-founder to leave a core position, following Jaynti Kanani and Anurag Arjun.
Investment and Financing
Stablecoin Project Plasma Receives Strategic Investment from Peter Thiel's Founders Fund
Stablecoin project Plasma officially announced receiving strategic investment from Peter Thiel's Founders Fund. This investment will help Plasma expand its team, ecosystem, and accelerate adoption in Latin America, the Middle East, and other regions.
Hyperdrive, a decentralized stablecoin capital market based on Hyperliquid, announced the completion of a $6 million Series A funding round, led by Hack VC and Arrington Capital, with participation from Delphi Ventures, Proof Group, SIG, Caladan Group, Amber Group, CMS Holdings, Breed VC, and multiple angel investors. The project aims to build a stablecoin money market and yield hub on the Hyperliquid blockchain, offering stablecoin lending and borrowing, $HYPE liquidity staking, and one-click yield strategies.
People*Voices
CZ Denies Connecting WLFI, Calls WSJ Report a "Fabricated Narrative"
Binance founder CZ responded on X platform to a recent Wall Street Journal report about his involvement in the World Liberty Financial project, stating that it was not a real interview but a "malicious fabrication under the guise of questioning" and questioning whether it has become a "mouthpiece for negative narratives".
CZ cited the "Cunningham Law" to point out that WSJ attempted to induce clarification by constructing a false narrative, violating journalistic ethics. He emphasized that the pre-submitted inquiry was filled with "errors and negative assumptions", such as accusing him of "bridging" for the WLF team and arranging a meeting with Pakistani official Saqib, when in fact, his first meeting with Saqib was in Pakistan and he had never been involved in any WLFI international itinerary.
Arthur Hayes: Bull Market Target May Be "HYPE Surpassing SOL"
BitMEX co-founder Arthur Hayes posted on social media that his target in this bull market might be "HYPE market cap overtaking SOL", and asked the community for their thoughts: "What do you think fam?"
Cathie Wood: Stock Market Will Be Biggest Beneficiary of Trump's Presidential Policy
Ark Invest CEO Cathie Wood stated that during the early Reagan administration, Federal Reserve Chairman Volcker raised the federal funds rate from 10% to 20%, causing the economy to fall into recession from 1983 onwards. President Reagan's policies initiated the best 15 to 20 years in financial market history. Both stock and bond markets flourished. We believe that given the currently much lower interest rates, the stock market will be the biggest beneficiary of Trump's presidential policy.
Trader Eugene commented that James Wynn's public establishment of an extremely large position is controversial, pointing out that "from experience, this is almost always a bad idea, and its negative externalities often outweigh the positive effects."
He added that it will be worth continuing to observe how Wynn maintains long-term risk management capabilities under extremely high position sizes and 10 to 20 times leverage.
