Technology
Tokenization
Pump.fun considering token launch with $4B fully diluted value, $1B sale
The memecoin launchpad has generated over $723 million in fees since its launch on January 2024.
Rumors
Brad Garlinghouse denies Ripple’s reported $5 billion bid to acquire Circle
During a private event in Las Vegas, Garlinghouse made the first direct rebuttal from Ripple’s senior management to the rumors.
Rumors
Eric Trump and Donald Trump Jr. deny involvement in Magic Eden’s ‘Trump Wallet’
While Magic Eden confirmed the wallet launch on multiple accounts, Eric Trump and Donald Trump Jr. denied any ties with the project.
Analysis
Bitcoin’s 8% correction flushed leverage but set stage for short term turbulence
Despite the much needed cooling off, rampant profit-taking action can create high volatility in the following days.
Culture
Ethereum Foundation unites protocol teams to fast-track scaling, blobs and UX overhaul
Protocol groups the teams under one roof and intends to shorten the path from research papers to production code and to create tighter feedback loops.
Crypto
Strategy unveils ‘Stride’ stock to fuel fixed-income expansion, boost Bitcoin holdings
According to Metaplanet's Dylan LeClair, the offer suggests that Michael Saylor "is coming for the entire fixed income market."
Investments
Tether, Bitfinex complete Bitcoin funding leg for Twenty One Capital with $2B transfer
In addition to the 21,000 BTC transferred, Tether also sent 4,812.22 BTC related to Twenty One Capital's acquisition on May 13.
Stablecoins
WLFI’s stablecoin USD1 surpasses $10B in transfers within 10 days of Binance listing
The stablecoin also reached a new all-time high in weekly trading volume at nearly $7 billion.
Technology
VanEck warns of brief but critical ‘uncertainty window’ for Bitcoin to adapt to quantum threat
Matt Sigel said quantum computing also threats banks and tech platforms, but their centralization make adapting quicker.
Governance
Sui community approves release of $162M in tokens frozen during Cetus hack
The amount was frozen by Sui validators following the May 22 hack, locking most of the tokens stolen in the attack.
Adoption
Meta shareholders reject Bitcoin treasury bid in landslide vote
With fewer than 0.1% of votes cast in favor, the initiative to use part of the $72 billion Meta holds in cash fell short of passage.
ETF
REX pushes ETH and SOL staking ETFs via rare C-Corp as SEC softens stance
James Seyffart highlighted the usage of the C-corporation structure, rarely used in the ETF industry, to sidestep the customary 19b-4 review.