1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.68%
ETH: -0.09%
SOL: -2.05%
XRP: -1.91%
PEPE: -4.19%
TRB: +16.89%
SUI: -3.79%
DOGE: -3.2%
BNB: +0.08%
ENA: -9.97%
24 H increase list (data source: OKX):
LPT: +24.43%
TRB: +16.89%
ANIME: +15.57%
ICX: +11.69%
NC: +9.14%
POR: +8.55%
CTC: +8.27%
ACA: +8.02%
NMR: +7.75%
RPL: +7.11%
2. 24-hour hot search currencies
Lagrange (LA): Binance alpha’s latest airdrop project, was launched on Coinbase last night.
Lagrange is an all-in-one decentralized computing platform dedicated to securely storing and deploying code, empowering developers to build decentralized applications through a full set of Web3 tools.
Headlines
Odaily Planet Daily News: Hong Kong Financial Services and the Treasury Bureau Director Paul Hui said that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures. The relevant measures will further enrich the product options in the Hong Kong market while ensuring that transactions are conducted in an orderly, transparent and secure manner. In addition, in view of the latest developments in the virtual asset market, the Financial Services and the Treasury Bureau will issue a second policy statement on the development of virtual assets, elaborating on the next policy vision and direction. (Securities Times)
WLFI airdrops 47 USD 1 to subscribers, possibly symbolizing Trump’s 47th president status
According to the monitoring of chain data analyst @ai_9684 xtpa, WLFI airdropped 47 USD 1 to the subscriber address, which has been directly sent to the users Ethereum address. The reason for choosing 47 may be because Trump is the 47th President of the United States.
James Wynn launches another fundraising campaign
Odaily Planet Daily News: James Wynn deleted his previous fundraising tweet after his position turned from loss to profit. As BTCs short-term decline caused it to be close to liquidation again, he initiated fundraising again.
Previously, according to on-chain data analyst Ai Yi (@ai_9684xtpa), as Bitcoin briefly fell below $105,000, James Wynns position was only $233 away from the liquidation price of $104,720. He currently still holds long orders of 1,201 BTC (US$126 million), with a floating loss of nearly $1.4 million.
Industry News
Odaily Planet Daily News According to the New York Times, Donald Trump Jr., the eldest son of Trump and co-founder of WLFI, said that the newly launched TRUMP wallet on the market has nothing to do with the Trump Group, and WLFI will launch an official wallet. Eric Trump, the second son of Trump, said he was completely unaware of the matter. And Trumps youngest son, Byron Trump, also rarely spoke on social media, saying that our family is not involved at all. The reaction of Trumps sons to the announcement seemed to expose the cracks in the Trump familys expanding cryptocurrency business network, a complex business system operated by multiple family members and colleagues, who now seem to be competing with each other.
On one side is Bill Zanker, Trump’s long-time business partner and the man behind the TRUMP Meme coin. On the other side are Trump’s sons, who founded an independent cryptocurrency company, World Liberty Financial, and launched their own digital currency, which has raised $550 million so far.
Eric Trump says the Trump family will take legal action against the launch of the Official TRUMP Wallet, even though it is being promoted by social media accounts associated with Bill Zanker. Eric Trump says no agreement or approval has been made for this product.
Bill Zanker did not respond to a request for comment. But the official TRUMP Meme X (original Twitter) account posted a post late Tuesday confirming the authenticity of the wallet release. A similar statement also appeared on Magic Edens official X account.
Odaily Planet Daily News: Binance officially issued a statement saying: We have recently detected that some groups use robots to participate in Alpha, which undermines the fairness of the Binance Alpha Points Program. To this end, we have upgraded the risk control system to enhance the detection and handling of such behavior.
JPMorgan Chase to accept cryptocurrency ETFs as loan collateral
Odaily Planet Daily News: JPMorgan Chase is preparing to accept cryptocurrency-related assets as collateral for loans, including Bitcoin exchange-traded funds. The bank will first provide financing services for cryptocurrency ETFs, with the first batch involving BlackRocks iShares Bitcoin Trust Fund. This move marks a major expansion of JPMorgan Chases cryptocurrency-related business, and comes at a time when the overall regulatory environment is becoming looser under the new US government.
Previously, JPMorgan Chase only accepted such collateral on a limited case-by-case basis. But under the new plan, cryptocurrency ETFs will be treated more like traditional assets (such as stocks or real estate) when assessing customers borrowing capacity. The report also pointed out that the plan, which is expected to be launched in the coming weeks, may include more cryptocurrency investment products. (Jinshi)
Binance: Users with Alpha Points of 215 can receive 160 LA tokens airdrop
Odaily Planet Daily News According to official news, Binance Alpha will list Lagrange (LA), and trading will start at 20:00 on June 4, 2025. Users with at least 215 Binance Alpha points can claim an airdrop of 160 LA tokens on the Alpha event page. Claiming the airdrop will consume 15 Binance Alpha points.
According to official news, Binance Alpha will launch FLY, and the trading opening date is June 6, and the specific time will be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page. The event page and details will be launched on June 6.
Binance Wallet will launch CUDIS exclusive TGE
Odaily Planet Daily News According to official news, Binance Wallets exclusive TGE will be launched on CUDIS. The subscription time is from 4 pm to 6 pm on June 5, 2025 (UTC+ 8). Eligible users must use Binance Alpha points to participate.
It is reported that CUDIS is an AI-driven DePin protocol dedicated to wearable products.
Project News
Odaily Planet Daily News: Ethereum Foundation (EF) released the latest fiscal policy document, clarifying its asset management strategy, ETH sales mechanism and long-term commitment to the DeFi ecosystem. The document pointed out that EF currently sets annual operating expenses at 15% of total finances, retains a 2.5-year expenditure buffer, and will gradually transition to a long-term expenditure level of 5%, emphasizing increasing support during market downturns and maintaining restraint in bull markets.
In terms of crypto asset allocation, EF will give priority to supporting secure, decentralized, and open-source DeFi protocols, using methods such as wETH staking and stablecoin lending to obtain reasonable returns, and explore Tokenized RWA (tokenized real assets) configuration. At the same time, EF explicitly supports the Defipunk concept, encourages KYC-free, self-custodial, and privacy-friendly DeFi protocols, and plans to use privacy standards, decentralized UI, and anti-censorship mechanisms as core evaluation criteria for fund deployment.
EF stated that its own financial management will gradually adopt decentralized, privacy-friendly tools and workflows to live out the crypto values it advocates and continue to provide long-term and stable support for the Ethereum ecosystem.
Berachain plans to use Ethereum Pectra upgrade strategy for Bectra upgrade
Odaily Planet Daily News Layer 1 blockchain Berachain announced that it has become a non-Ethereum chain that fully implements the Ethereum Pectra execution layer function through the Bectra hard fork. The Bectra upgrade enables user wallets to have smart account functions, support batch transactions, set consumption limits, use stablecoin HONEY to pay gas fees and regular payments, etc. Previously, these functions had to rely on custom contracts or third-party implementations. (CoinDesk)
Time.fun launches S 1 points airdrop, focusing on rewarding active traders and creators
Odaily Planet Daily News According to Time.fun officials, the first round (Season 1) of points incentive activities on its platform has officially started, and the first batch of points have been issued. The weight of this round of airdrops focuses on user trading volume and asset holdings, while examining creator interaction data, including the number of redemptions and trading activity. The official emphasized that the points allocation standards for each round will be continuously adjusted to encourage users to continue to trade actively and participate in interactions in order to obtain more points and subsequent potential rewards.
Regulatory policies
South Korean President Lee Jae-myung Promises to Promote Crypto ETFs and Won Stablecoins
Odaily Planet Daily reported that Lee Jae-myung, the candidate of the South Korean Left Party, was elected as the new president of South Korea with 49.42% of the votes, defeating his right-wing opponent Kim Moon-soos 41.15%. Lee Jae-myung promised to vigorously develop the Korean cryptocurrency industry. The main policies include: allowing local spot cryptocurrency ETFs, establishing a Korean won stablecoin market, improving the digital asset regulatory framework, and reducing blockchain regulation in specific areas to promote innovation.
South Korea is one of the worlds largest cryptocurrency markets, with 9.7 million trading users, about 20% of the total population. Unlike former President Yoon Seok-yeols failed crypto-friendly promises, Lee Jae-myung is expected to push his crypto policy into place amid a change in the Financial Services Commissions attitude. (The Block)
Bank of Japan to consider slowing pace of bond-buying cuts next year
Odaily Planet Daily News: Four sources familiar with the Bank of Japans thinking said the Bank of Japan is considering slowing the pace of reducing its bond purchases from the next fiscal year, a move that would suggest its focus is on avoiding large-scale turmoil in the bond market. Last month, Japans ultra-long government bond yields soared to a record high, reflecting investors concerns about Japans deteriorating public finances. Sources said there is no consensus within the Bank of Japan, and some believe that the central bank should focus on reducing its intervention in the bond market, so they tend to maintain the current pace. The Bank of Japan will make a final decision at its next policy meeting on June 16-17, when it will evaluate the current debt reduction plan that will last until March and propose a follow-up plan after April 2026. (Jinshi)
California State Assembly unanimously passes Bitcoin payments bill
Odaily Planet Daily reported that according to Cointelegraph, the California State Assembly passed a bill with a unanimous vote of 68-0, allowing the state to accept Bitcoin and other digital currencies as payment methods. The bill will now be submitted to the Senate for further deliberation.
Investment and Financing
Crypto exchange Rails completes $14 million in new round of financing, led by Slow Ventures
Odaily Planet Daily News Crypto exchange Rails announced this week that it has completed a new round of financing of $14 million, led by Slow Ventures, with participation from Kraken, CMCC Global, Quantstamp and Round 13 Capital. The company hopes to provide American traders with a popular but difficult-to-obtain asset type: perpetual futures (perps). Rails previously received about $6.2 million in seed round financing, and the total financing has now exceeded $20 million. (Fortune)
AI gaming startup Launcher Capital completes $4 million seed round, led by a16z CSX
According to the official news of Launcher Capital, AI game startup Launcher has completed a $4 million seed round of financing, led by a16z Crypto Startup Accelerator (CSX). The project aims to reconstruct the game industry ecosystem through AI and on-chain IP, lower the threshold for story creators and developers, support the rapid construction of AI-driven multi-player immersive game experience, empower users to become creators, and promote the expansion of global creativity.
Odaily Planet Daily News Web3 identity protocol Shards Protocol announced the completion of a $2 million financing, with participation from Animoca Brands, Kyber Ventures and Yield Guild Games. The funds will be mainly used to develop Aura, a system that converts user on-chain activities into verifiable reputation and rewards. The system plans to launch tokens and expand functions within the year, and users can unlock rewards by minting more badges. (Crypto.news)
Odaily Planet Daily News: YZi Labs announced its investment in the open source hardware wallet project OneKey, aiming to improve the security of global crypto assets and provide users with a low-threshold self-custody solution. OneKey was founded in 2019, with teams in China, Japan, South Korea, Dubai and Italy. In three years, user asset protection has increased 11 times, and the annual sales of hardware wallets have increased by an average of 300%.
This round of financing will be used to iterate the next generation of hardware devices, strengthen on-chain threat detection and contract analysis capabilities, and accelerate compliance and user growth plans in the United States, Europe and emerging markets.
Character*Voice
Odaily Planet Daily News Velocity Capital investor DeFi Cheetah posted on X that through an unconfirmed private channel, he heard rumors about pump.fun’s financing, including:
1. There will be no airdrop, but a whitelist will be set for public sales;
2. The public offering has a financing target of $800 million and a valuation of $5 billion;
3. VC will also have a quota of US$200 million, and the valuation is also US$5 billion;
4. The public sale will be conducted on most major CEXs, and these exchanges are preparing for it.
According to previous news, Blockworks had reported earlier that pump.fun plans to raise $1 billion through token sales with a valuation of $4 billion.
Odaily Planet Daily News: Ethereum co-founder Vitalik Buterin responded to Paradigm CTO Georgios Konstantopouloss view on the X platform that cross-chain interoperability has been solved at the infrastructure level and said that only when cross-L2 operations can be comparable to ETH native transfers on L1 in terms of anti-censorship, trustlessness, and no need for intermediaries, can it be considered truly solved. Vitalik called this the no-regression principle, emphasizing that the new system must retain the core attributes of the original system, otherwise it cannot be considered complete enough.
