FTX Creditor Repayment of 6.8 Trillion Won Imminent
According to Yoo Today, the repayment of FTX creditors worth 50 billion dollars (6.86 trillion won) is imminent. The media explained, "Currently, there are speculations that FTX creditors may cash out their stablecoins instead of reinvesting them in cryptocurrencies. This uncertainty is dampening investment sentiment. If actual cash-out occurs, it could increase selling pressure on Bitcoin in the short term." The creditor repayment is scheduled for May 30 (local time).
Tether CEO: "Tether Holds Over 100,000 BTC"
Tether (USDT) CEO Paolo Ardoino, attending the Bitcoin 2025 Conference, stated that "Tether currently holds over 100,000 BTC and more than 50 tons of gold," as reported by The Block.
Tether CEO: "95% of Tether's Profits to Be Reinvested in BTC"
At the Bitcoin 2025 Conference, Tether (USDT) CEO Paolo Ardoino said, "Tether has generated approximately 20 billion dollars in revenue over the past three years, with less than 5% used for shareholder dividends. The remaining 95% will be used to expand the global distribution network and reinvest in Bitcoin. Specific details will be explained in a future opportunity."
Panama City Mayor: "Exploring BTC Payment Option for Canal Tolls"
According to CoinDesk, Panama City Mayor Meyer Mizrachi is exploring adding a BTC payment option for canal tolls and various fees. He also mentioned the possibility of introducing a BTC strategic reserve strategy. Previously, Panama City had allowed Bitcoin payment support in stores and cryptocurrency as a payment method for public institution taxes and fines.
275,647,828 USDT Transferred... OKX → Anonymous
According to Whale Alert, 275,647,828 USDT was transferred from an OKX address to an anonymous address. This is approximately 280 million dollars.
7,999 BTC Transferred... Coinbase → Anonymous
According to Whale Alert, 7,999 BTC was transferred from a Coinbase address to an anonymous address. This is approximately 850 million dollars.
Cantor Fitzgerald to Launch Investment Product Combining Bitcoin and Gold
According to The Block, Cantor Fitzgerald is planning to launch an investment product combining gold and Bitcoin. In a statement, they said, "The fund will have no limits on Bitcoin's upside gains but will be structured to defend against price drops by linking to gold prices. This will be Cantor's first Bitcoin-specific investment product, designed with a 5-year maturity, and they plan to begin investor recruitment within the next few weeks."
French Football Club PSG Introduces BTC Reserve
According to BeInCrypto, Paris Saint-Germain (PSG) is introducing a BTC reserve. PSG is the first sports organization to adopt BTC as a reserve.
Webers Raises $300 Million... Moves to Build Global Payment Ecosystem Based on XRP
According to UBlock Chain, Webers International, a premium AI-based transportation service company, has announced a strategic funding plan of up to 300 million dollars. The raised funds will be primarily used for building XRP reserves for global remittance payments, blockchain infrastructure development, and international market expansion.
US SEC Crypto TF Discusses Tokenization and Staking with Kraken
According to Solid Intel, the US Securities and Exchange Commission (SEC) cryptocurrency task force met with Payward to discuss traditional asset tokenization and staking services. Payward is the corporate name of the cryptocurrency exchange Kraken.
Sui Community Approves Governance Proposal for Returning Cetus Frozen Funds
The Sui (SUI) community announced through their official X account that they have approved a governance proposal to return funds frozen in the Cetus hack. The frozen funds will be moved to the Cetus multisig wallet and held in trust until returned to users. Previously, Cetus suffered a $220 million hack and requested a protocol upgrade community vote on Sui to return the frozen funds without reversing chain records or transactions.
Cryptocurrency Card Issuer Rain Supports Stablecoin Payments Based on SOL, TRX, XLM
According to CoinDesk, cryptocurrency card issuer Rain will support stablecoin payments based on Solana (SOL), TRON (TRX), and Stellar (XLM). Rain supports stablecoin payments through debit and credit cards. Previously, Rain raised 24.5 million dollars in an investment round led by Northwest Ventures.
Sol Strategy Purchases Additional $4.7 Million SOL
Toronto-based investment firm Sol Strategy announced through their official X account that they purchased an additional 26,478 SOL (worth approximately $4.7 million) this week. As of May 30 (local time), Sol Strategy holds 420,355 SOL.
JP Morgan: "Ethereum Network Activity and ETF Inflows Remain Minimal After Pectra"
According to The Block, JP Morgan's recent report assessed that while Ethereum's (ETH) market capitalization increased after the Pectra upgrade, network activity and ETH spot ETF inflows did not show a significant increase. The report explained, "While long positions in the CME ETH futures market, which shows institutional position changes, increased noticeably, there were no meaningful fund inflows into the ETH spot ETF. This suggests that individual investors' interest in Ethereum remains low."
Netflix to Produce 8-Part Series on 'FTX Scandal'
According to The Block, Netflix will produce an 8-part series about the bankruptcy of cryptocurrency exchange FTX. Titled 'The Altruists', the series will cover the narrative of FTX founder Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison. The production will be handled by Higher Ground, a production company established by former US President Barack Obama and his wife.
OpenSea: "SEA TGE Timing Undetermined... Core Functions Must Precede"
Non-Fungible Token market OpenSea has not yet confirmed the Token Generation Event (TGE) schedule for its own Token SEA. OpenSea's Chief Marketing Officer (CMO) Adam Hollander said, "I know there are many questions about the SEA TGE timing, but some key functions and platform innovations must be achieved before Token release. We plan to proceed with the TGE after ensuring utility and sustainability."
Coinbase International to list HYPE perpetual futures indefinitely
Coinbase's cryptocurrency derivatives exchange Coinbase International Exchange and Coinbase Advanced have announced the listing of HYPE perpetual futures. HYPE trading is scheduled to begin after 6:30 PM (Korean time) on June 5th.
Zeta Chain launches global campaign to expand ecosystem
Cross-chain Layer1 blockchain Zeta Chain announced the launch of a global campaign 'Zeta Chain Summer 2025' to expand its universal app ecosystem. The campaign will offer quests supported by Zeta Hub and Galaxy, where users can accumulate rewards while performing quests and early discover next-generation cross-chain projects. Additionally, developers can participate in a cohort program providing grants and marketing solutions.
Anonymous whale deposits $11.11 million LINK to Binance
Look On Chain reported that an anonymous whale address just deposited 722,416 LINK to Binance, equivalent to approximately $11.11 million. Exchange deposits are typically interpreted as selling intent, while withdrawals suggest holding purposes. However, exchange deposits do not necessarily lead to selling. According to CoinMarketCap, LINK is currently trading at $15.48, down 0.19%.
BTC falls below $106,000
According to Coinness market monitoring, BTC has fallen below $106,000. On Binance USDT market, BTC is trading at $105,952.32.
