Headlines
▌"ETH Version of MicroStrategy" SharpLink Gaming Rises Over 650% Today, Increasing 17 Times in Three Days
Market data shows that the "ETH version of MicroStrategy" US-listed company SharpLink Gaming rose over 650% today, currently at $49, with its stock price just $2.79 three trading days ago, an increase of over 17.56 times in three days. Previously reported, SharpLink Gaming announced today an Ethereum treasury reserve strategy, planning to raise $425 million to increase ETH holdings. Consensys Software Inc. led the investment as the primary investor, with participants including ParaFi Capital, Electric Capital, Pantera Capital, Galaxy Digital, and other well-known crypto venture capital firms. The transaction is expected to be completed on May 29. SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset.
▌Trump Media Tech Group (DJT.O) Announces Approximately $2.5 Billion Bitcoin Funding Transaction
Trump Media Tech Group (DJT.O) announced a Bitcoin funding transaction of approximately $2.5 billion, planning to use the raised funds to establish a Bitcoin reserve.
Market
As of press time, according to CoinGecko data:
BTC price is $109,100, 24-hour change -0.8%;
ETH price is $2,661.45, 24-hour change +3.9%;
BNB price is $687.15, 24-hour change +2.1%;
SOL price is $176.80, 24-hour change +1.1%;
DOGE price is $0.2281, 24-hour change +0.2%;
XRP price is $2.32, 24-hour change +0.5%.
Policy
▌US Senator Lummis: Trump Supports Bitcoin Bill
US Senator Cynthia Lummis from Wyoming stated on Tuesday that Trump supports her proposed Bitcoin bill. At a Bitcoin conference in Las Vegas, Lummis said Trump "has a team in the White House dedicated to digital asset issues—from stablecoins to market structure to Bitcoin strategic reserves—they may roll these out in that order." The senator's Bitcoin bill draft suggests establishing a strategic Bitcoin reserve and purchasing 1 million bitcoins for this purpose.
▌Trump Administration Official Says "Bitcoin is the Gold Standard," Clearly States No Plans to Sell Government-Held Bitcoin
At the ongoing "Bitcoin 2025" conference, Trump's executive director stated: "Bitcoin is the gold standard." And emphasized: "We will not sell any Bitcoin that the US government may hold."
Blockchain Applications
▌MetaMask Officially Supports Solana Network
According to the official announcement, the MetaMask extension now officially supports the Solana network, allowing users to manage Ethereum and Solana accounts in the same interface, perform sending, receiving, swapping, bridging, and purchasing Solana-based tokens, and interact with Solana dapps.
▌Cetus Promises Full Compensation of Stolen Assets if Community Votes Approve
Cetus stated, "We will use cash and token reserves to fully cover the current off-chain stolen assets, subject to an upcoming community vote and recovery of locked funds. This includes a key loan from the Sui Foundation, achieving 100% compensation for all affected users." Cetus urges the Sui community to support and says, "We understand this is an extraordinary request due to our actions, but we believe it is the most correct decision for affected users. Regardless of the voting result, the project team promises to immediately start recovery work, followed by a detailed plan."
Cryptocurrency
▌Cantor Fitzgerald Launches $2 Billion Bitcoin Loan Program
Cantor Fitzgerald LP officially launched its $2 billion Bitcoin loan program, with the first batch of transaction targets being crypto companies FalconX Ltd. and Maple Finance. Digital asset broker FalconX has completed a Bitcoin-backed financing arrangement, planning to draw over $100 million through Cantor's "broader credit framework". Simultaneously, Maple Finance announced the completion of the first fund settlement with Cantor's financing facility.
▌BlackRock Executive: Bitcoin's Upside Far Exceeds Gold
At the ongoing "Bitcoin 2025" conference, BlackRock's Managing Director stated, "Bitcoin's upside potential is far higher than gold."
▌Yi Lihua's Trend Research Increases ETH Holdings to 133,600 through Leverage, Portfolio Market Value Reaches $358 Million
According to on-chain analyst Yu Jin's monitoring, an institution or whale purchased 8,846.5 ETH at an average price of $2,600 through 4 addresses in the past day, spending $23 million, with funds sourced from borrowing against ETH on Aave and then buying, indicating leveraged accumulation. Currently, this entity holds a total of 133,600 ETH, with a market value of approximately $358 million. Trend Research under Yi Lihua confirmed "the above addresses are our institutional addresses". Having established positions at ETH $1,400 and published a bullish research report at $1,800, they remain confident in ETH and its blue-chip ecosystem assets.
Important Economic Dynamics
▌Trump Appreciates EU's Acceleration of Trade Negotiations with the US
US President Trump stated that he is encouraged by the EU's acceleration of trade negotiation progress. "I just learned that the EU side has proposed to quickly determine the meeting time. This is a positive signal, and I hope they will open European markets to the US," Trump wrote on social media on Tuesday.
Jinse Encyclopedia
▌Can Blockchain Networks Suffer DDoS Attacks?
Distributed Denial of Service (DDoS) attacks aim to paralyze online systems through massive requests. Although blockchain networks are more resilient due to decentralization, they can still be attacked, such as through spam transactions causing network congestion or node crashes, affecting normal operation. To prevent DDoS, blockchain networks need to strengthen security measures at the node and network levels, including enhancing processing capabilities, deploying firewalls, conducting regular audits, and building redundancy to ensure network stability.
Disclaimer: Jinse Finance, as a blockchain information platform, provides article content for informational purposes only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to improve risk awareness.
