1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.93%
ETH: +2.26%
SOL: -2.01%
XRP: -1.16%
BNB: +0.53%
NXPC: -8.28%
DOGE: -1.04%
PEPE: +3.14%
TON: +11.62%
SUI: -1.01%
24 H increase list (data source: OKX):
SOPH: +798.43%
ZBCN: +24.21%
MERL: +16.67%
SNT: +14.85%
UNI: +13.42%
MASK: +12.17%
TON: +11.71%
BANANA: +10.48%
GLMR: +10.02%
EIGEN: +8.39%
2. Top 5 popular memes on the chain (data source: GMGN ):
B 2
KOGE
B
PORT 3
SOPH
3. 24-hour hot search currencies
SOPH: SOPH is the official token of Sophon, a consumer-oriented entertainment blockchain built with ZK Stack and working with applications in multiple fields. The project held a TGE on May 28 and currently has a market cap of $124 million.
ZBCN: ZBCN is the official token of Zebec, a decentralized infrastructure network for real-world value flows. The token has risen 24% in the past 24 hours and has a current market value of $422 million.
Headlines
Trump tariff order invalidated by US Court of International Trade
The U.S. International Trade Court ruled on Wednesday that Trump has no authority to impose broad tariffs on global goods under economic emergency laws, a ruling that could put his core trade war policy at risk of collapse and some existing tariff measures invalidated.
Musk announces he will leave Trump administration
Musk: As my time as a special government employee comes to an end, I want to thank President Trump for giving me this opportunity to cut wasteful spending. The DOGE mission will only strengthen over time as it becomes a way of life across the government.
Market News: BlackRock plans to buy 10% of Circle Internets IPO shares
According to market sources, BlackRock plans to purchase 10% of Circle Internets IPO shares.
Industry News
SEC announces the agenda and guests for the roundtable on “DeFi and the American Spirit”
The U.S. Securities and Exchange Commission (SEC) Crypto Team announced the agenda and guest list for its DeFi and the American Spirit roundtable scheduled for June 9. Official attendees include SEC Chairman Paul S. Atkins, Chief Assistant for Crypto Affairs Richard B. Gabbert, and three SEC Commissioners Caroline A. Crenshaw, Mark T. Uyeda, and Hester M. Peirce.
Invited guests came from multiple DeFi and crypto-native organizations, including Rebecca Rettig of Jito Labs, Paredes Strategies, Jill Gunter of Espresso Systems, Michael Jordan of DBA, Michael Mosier of Arktouros, Gabe Shapiro of MetaLeX, Erik Voorhees of Venice AI, and Kevin Werbach, professor at the Wharton School of the University of Pennsylvania.
According to market news: The U.S. Department of Labor has withdrawn its 2022 guidance, which warned trustees not to include cryptocurrencies in 401 (k) plans. The guidance urged the need to be extremely cautious in including cryptocurrencies in retirement plans, which runs counter to the Department of Labors consistent neutral attitude under the Employee Retirement Income Security Act (ERISA). Labor Secretary Lori Chavez-DeRemer criticized the previous position as an overreach of the U.S. government and said that investment decisions should be left to trustees, not government agencies. With this reversal, the department has resumed its neutral position - neither encouraging nor opposing the inclusion of cryptocurrencies in retirement plans.
Minutes of the Federal Reserve meeting: Participants agreed that the uncertainty about the economic outlook has increased and it is appropriate to adopt a cautious monetary policy. (Jinshi)
Fed meeting minutes: Option pricing suggests one to two rate cuts this year
The minutes of the Federal Reserve meeting pointed out that the baseline policy path implied by option prices (representing mainstream market expectations) has shifted slightly downward during this period, indicating that there may be 1 to 2 interest rate cuts (25 basis points each) by the end of the year - only slightly more than expected at the March FOMC meeting. The probability distribution of the year-end interest rate implied by options has shifted to the left, and the downside risk has increased significantly. As the market believes that the downside risk of the policy interest rate has increased, the expected policy path implied by the futures market has been adjusted downward by a larger margin, indicating that there may be about 3 interest rate cuts before the end of the year. The median benchmark interest rate path shown in the market expectation survey has not changed much, and still indicates 2 to 3 interest rate cuts this year. However, the survey pointed out that the differences among respondents on the most likely policy path are widening. (Jinshi)
New York Mayor Plans to Issue Bitcoin Bonds for New York
New York Mayor Eric Adams plans to issue Bitcoin bonds for New York.
Pakistan plans to set up a strategic reserve of Bitcoin and never sell it
Bilal Bin Saqib, special assistant to the Pakistani government and adviser on blockchain and cryptocurrency affairs, announced at the Bitcoin 2025 conference held in Las Vegas, USA, that Pakistan is establishing a national strategic reserve of Bitcoin and said, We will hold these Bitcoins and never sell them.
Project News
Humanity Protocol: $2.2 million worth of H tokens will be allocated to the Kaito AI ecosystem
Humanity Protocol announced on the X platform that it will allocate $2.2 million worth of H tokens to the Kaito AI ecosystem, all of which will be distributed to KAITO stakers and Humanity Yappers.
Starknet Launches Rune Stablecoin Backed 1:1 by USDC Reserves
Starknet announced the launch of the Rune stablecoin, which is backed by USDC reserves 1: 1, on the X platform. Each USDC will be minted as a Rune asset on Bitcoin, and each USDC rune is backed by the fully locked USDC reserves on Starknet 1: 1. Users can redeem USDC trustlessly at the contract level through Starknets Runes Bridge.
Circle freezes Solana addresses involved in Libra scandal, equivalent to about $58 million USDC
Circle has frozen two wallet addresses related to the Libra meme coin project and token deployer on the Solana chain, with a total of approximately $57.65 million USDC (44.59 million and $13.06 million respectively), and these assets can no longer be sold or transferred. The initiator of this freeze is still controversial. Crypto law firm Burwick Law claims that it has applied for a temporary restraining order in the Federal Court for the Southern District of New York and has been approved, and plans to hold a preliminary injunction hearing on June 9. The plaintiff Martin Romeo said that the freeze was requested by the Argentine judicial department.
Investment and Financing
Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debt issued in 2021 and due next year. Investors include existing supporters BlackRock, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel.
Stablecoin company Conduit completes $36 million Series A financing, led by Dragonfly Capital
Stablecoin company Conduit announced the completion of a $36 million Series A financing round, led by Dragonfly Capital, with participation from Sound Ventures, Altos Ventures, DCG and Commerce Ventures. This round of Series A financing brings Conduits total financing to $53 million. The company did not disclose the valuation of this round of financing. Conduits goal is to provide global companies with faster, more economical and more reliable cross-border payment services, using stablecoins (a cryptocurrency designed to maintain a consistent value with the US dollar) for international payment settlements, striving to complete transactions faster than traditional banks.
Metalayer Ventures launches $25 million fund to invest in early-stage blockchain projects
Metalayer Ventures, a cryptocurrency-focused venture capital firm led by former Chainlink and Two Sigma executives, has launched a $25 million fund to invest in early-stage blockchain projects, focusing on stablecoins, tokenization, and cryptocurrency infrastructure. It is reported that the fund has supported seven companies. These include AnchorZero (a platform that helps cryptocurrency founders use Roth IRAs to get tax benefits) and Spark Capital (a new venture focused on stablecoin infrastructure).
Eternis, the company behind Freysa AI, raises $30 million
Freysa AI, an AI project on the Base chain, has raised $30 million in financing from its parent company Eternis AI, with investors including Coinbase Ventures and Selini Capital. Coinbase Ventures confirmed that it invested directly in Eternis, while Selini Capital participated in the FAI token round. According to the official website of North Island Ventures, the organization is an investor in Eternis, and the Echo team also participated in the FAI token subscription.
Spetz Inc. (CSE: SPTZ), a Canadian listed company, announced that it has completed the previously announced first round of non-brokered private placement financing, issuing 14.7 million units (each unit consists of one common share and half a warrant) at an issue price of US$0.50 per unit, with a total financing amount of US$7,351,308.5. Each full warrant can subscribe for one common share at US$0.75 within 24 months.
This round of financing will be used for general working capital, verification node expansion, and growth strategies related to Sonics blockchain infrastructure. Investors include Canaccord Genuity Financial, Haywood Securities, Sonic Labs, etc.
Character*Voice
BlackRock: Recommends allocating 2% of portfolio to Bitcoin
According to Crypto Rover, a spokesperson for BlackRock, the worlds largest asset management company with $11 trillion in assets under management, suggested at the Bitcoin 2025 conference that 2% of the portfolio be allocated to Bitcoin.
Trader Eugene wrote that the past two months have been one of the most difficult trading periods he and many top traders have experienced. The bearish macro fundamentals, coupled with the volatile market, have caused most traders to be stopped out during the rise or choose to wait and see.
Vance: Cryptocurrency will become the economic core of the Trump administration
At the Bitcoin 2025 conference in Las Vegas, Trumps deputy Vance took the stage to reiterate the centrality of cryptocurrency in the Trump administrations economic agenda. He criticized the Biden administration for over-regulating the crypto industry and promised to promote the industry by cutting red tape and expanding peoples access to digital assets.
Security incidents
Yu Xian, the founder of SlowMist, posted on the X platform, Beware of @osiris_guard, the so-called Web3 security extension. It is a malicious extension. If installed on Chrome, this malicious extension will replace the link, causing the well-known program downloaded by the user to become a Trojan program, and then the computer will fall... In the end, the wallets on the computer will be stolen and related key accounts will be taken away. Detailed analysis is in progress.
Cyvers Alerts: Cork Protocol is suspected of being attacked, with a loss of about $12 million
Cyvers Alerts posted on the X platform that the system detected that Cork Protocol was suspected of being attacked, with a loss of about 12 million US dollars. It is reported that the attacker deployed a malicious contract at 11:23:19 UTC on May 28, 2025, and the address was funded by 0x4771...762B (probably a service provider).
BlockSec: The Usual protocol has been detected to be hacked and the protocol has been suspended
Blockchain security company BlockSec said in a statement that its system detected a hacker attack on the decentralized stablecoin protocol Usual (USUAL), which has been suspended. As a result, USUAL fell 3% in a short period of time.
