1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
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%
24 H increase 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. Top 5 popular memes on the chain (data source: GMGN ):
PEPUMP
GLYPH
KOGE
B
B2
3. 24-hour hot search currencies
B: B is a meme coin on BSC. It has attracted much attention due to its close relationship with Trumps crypto project WLFI. WLFI has publicly purchased the token on the chain many times. The current market value exceeds 400 million US dollars.
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 pegged ERC-20 wrapped unstaked tokens pTOKEN (e.g. pATOM).
Headlines
Trump resumes 90-day negotiating window with EU
Trump said the EU requested an extension of the trade negotiation window and has agreed to extend the deadline to July 9. Last week, Trump said he would impose a 50% tariff on EU imports from June 1. Earlier, European Commission President Ursula von der Leyen said on Sunday after a call with Trump that the EU is ready to quickly and decisively advance trade negotiations with the United States, but needs Trump to return to the 90-day negotiation period he originally set.
James Wynn closed out $1 billion of BTC short orders with a loss of about $15.86 million
According to @EmberCN monitoring, whale trader James Wynn stopped loss and closed his $1 billion BTC short position between 6:09 and 6:15 this morning, totaling 9,402 BTC, using 40x leverage, with an average opening price of $107,069 and an average closing price of $108,757, resulting in a loss of approximately $15.86 million.
On May 25, James Wynn completely closed his $1.2 billion BTC long position on Hyperliquid. , and then opened a BTC short position.
Industry News
Major U.S. commercial banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are in preliminary discussions on jointly launching stablecoins. Institutions involved in the discussion include The Clearing House, which is jointly owned by several banks, and Early Warning Services LLC, the company behind Zelle.
The stablecoin project is still in its early stages, and progress will be highly dependent on the upcoming stablecoin legislation in the U.S. The National Innovation and Stablecoin Establishment Act (GENIUS Act) has received bipartisan support, requiring stablecoins to be fully reserved in U.S. dollars or other highly liquid assets, requiring issuers with a market value of more than $50 billion to undergo annual audits, and clarifying relevant terms for overseas issuance.
Recently, the Cyberspace Administration of China, together with financial management departments, has dealt with a number of accounts and websites that spread false information in the capital market, made illegal stock recommendations, and speculated in virtual currency transactions in accordance with the law.
Some typical cases are reported as follows:
1. Accounts such as “爱股票APP” publish false information about the capital market.
2. Accounts such as “Kan Ge Talks about Finance” make illegal stock recommendations.
3. Accounts and websites such as “Huo Ge Chats About Cryptocurrency” promote and hype virtual currency transactions.
4. Accounts such as “Xiao Beiyou” spread information about black and gray industries in the financial sector.
Trumps use of presidential seal at TRUMP dinner may violate federal law
U.S. President Trump flew from the White House to his golf club in Virginia on Thursday night by military helicopter to attend his private TRUMP dinner, but used the official presidential seal on the event invitations and venue decorations, including using a podium decorated with the presidential seal to address his TRUMP token investors, which may have violated U.S. federal law.
Under federal law, the national emblem cannot be used in a way that could convey the false impression of government sponsorship or endorsement, and violators could face fines or up to six months in prison.
Project News
Ondo Finance Launches On-chain Securities Trading Platform Ondo Global Markets
Ondo Finance has 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 the competition for traditional financial markets to migrate to blockchain intensifies, the platform plans to deeply integrate with the Solana DeFi ecosystem.
Cetus offers $5 million reward for hacker clues, Sui Foundation provides financial support
Cetus Protocol said it has not received a response from the hacker and urged him to seriously consider the negotiation conditions proposed previously. At the same time, with the support of Inca Digital and Sui Foundation, Cetus announced a reward of $5 million for relevant information that can successfully identify and assist in the arrest of the hacker, including name, location and solid evidence. Information can be sent via email to info@inca.digital with the subject Cetus lead.
Cetus added that if the hacker chooses to cooperate and accepts the offer, no legal liability or bounty will be pursued, and the bounty amount will be paid at the discretion of the Sui Foundation.
Polygon co-founder Mihailo Bjelic resigns, becoming the third co-founder to leave
Polygon co-founder Mihailo Bjelic announced that he will step down from his active role at Polygon and resign from the foundations board of directors. He said: As the project grows and matures, it is natural for the vision to change and even diverge. I can no longer contribute to Polygon at my best. Bjelic will withdraw from the Polygon Labs and Polygon Foundation boards. This is the third co-founder to leave a core position after Jaynti Kanani and Anurag Arjun.
Investment and Financing
Stablecoin project Plasma receives strategic investment from Peter Thiel’s Founders Fund
The stablecoin project Plasma officially announced that it has received a strategic investment from Peter Thiels Founders Fund. This investment will help Plasma expand its team, expand its ecosystem and accelerate its adoption in Latin America, the Middle East and other regions.
Hyperdrive, a decentralized stablecoin funding market based on Hyperliquid, announced the completion of a $6 million Series A financing 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 several angel investors. The project aims to build a stablecoin money market and yield hub on the Hyperliquid blockchain, providing stablecoin deposits and loans, liquid pledge $HYPE and one-click yield strategies.
Character*Voice
Zhao Changpeng denies being a matchmaker for WLFI, calling WSJ report a fictional narrative
Binance founder Changpeng Zhao (CZ) responded to the Wall Street Journals recent report on his involvement in the World Liberty Financial project on the X platform, saying that it was not a real interview but a malicious fabrication under the guise of asking questions, questioning whether he had become a mouthpiece for negative narratives.
Zhao Changpeng cited the Cunningham Law and pointed out that WSJ violated the professional spirit of journalism by constructing a false narrative to induce clarification. He emphasized that the inquiries submitted by WSJ in advance were full of errors and negative assumptions, such as accusing him of matchmaking for the WLF team and arranging a meeting with Pakistani official Saqib, while the fact was that he first met Saqib in Pakistan and had never been involved in any international trip of WLFI.
Arthur Hayes: The bull market goal may be HYPE surpasses SOL
Arthur Hayes, co-founder of BitMEX, posted on social media that his goal in this bull market may be to have HYPE surpass SOL in market value, and asked the community for their opinions: What do you think fam?
Cathie Wood: The stock market will be the biggest beneficiary of President Trumps policies
Cathie Wood, CEO of Ark Invest, said that in the early days of the Reagan administration, Federal Reserve Chairman Volcker raised the federal funds rate from 10% to 20%, causing the economy to fall into recession starting in 1983. President Reagans policies ushered in the best 15 to 20 years in the history of financial markets. Both the stock and bond markets flourished. We believe that the stock market will be the biggest beneficiary of President Trumps policies given the current much lower interest rates.
Trader Eugene commented that James Wynns public establishment of a super-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 pay attention to how Wynn can use 10 to 20 times leverage with extremely high position sizes and maintain long-term risk management capabilities.
