1. Popular Cryptocurrencies on CEX
Top 10 CEX Trading Volume and 24-Hour Price Changes:
BTC: - 2.86%
ETH: - 6.85%
SOL: - 5.21%
PEPE: - 9.43%
XRP: - 4.75%
DOGE: - 8.89%
SUI: - 6.29%
BNB: - 4.7%
TRX: + 1.94%
TRUMP: - 9.32%
24-Hour Gainers List (Data Source: OKX):
RVN: + 31.92%
CXT: + 6.64%
HUMA: + 4.09%
MASK: + 2.16%
TRX: + 1.93%
JST: + 1.27%
HMSTR: + 0.25%
ZKJ: + 0.13%
2. 24-Hour Trending Cryptocurrencies
Cudis (CUDIS): The latest exclusive TGE project on Binance Alpha, see details in《TGE Launched on Binance Wallet, CUDIS "Three-Pronged Approach", Breakthrough in Crypto Health Sector》.
Headlines
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and translating all text while preserving special terms and names as specified in the initial instructions.]WLFI Issues Warning Letter to FIGHT FIGHT FIGHT LLC
According to market information, WLFI has sent a cease and desist letter to FIGHT FIGHT FIGHT LLC, the project team behind the Trump-themed MEME project, demanding they stop developing the "TRUMP Wallet" related business.
Truth Social Submits Bitcoin ETF S-1 Registration Statement
According to Walter Bloomberg, Trump's social platform Truth Social has submitted a Bitcoin ETF S-1 registration statement to the U.S. Securities and Exchange Commission.
Binance Has Airdropped an Additional 1,860 Tokens to Users Who Successfully Claimed EDGEN
Binance announced that it has issued an additional 1,860 EDGEN airdrop rewards to users who successfully claimed EDGEN tokens.
Project News
TRUMP Wallet Official Website's X Account Frozen Again
According to page information, the X account @TrumpWalletApp linked to the TRUMP Wallet official website has been frozen again.
Previously, the TRUMP Wallet X account @TrumpWalletApp was restored after a brief freeze. The TRUMP Wallet official website indicates that the wallet is jointly developed by Magic Eden and the official TRUMP MEME team. However, Donald Trump Jr. stated that the Trump Organization has no association with this wallet product, and WLFI will launch an official wallet.
Yuga Labs CEO Plans to Dissolve ApeCoin DAO, Claiming Resource Waste
Recently, Yuga Labs CEO Greg Solano proposed a plan to dissolve the ApeCoin DAO and transfer its assets and responsibilities to a new entity called ApeCo, created by Yuga Labs. Solano criticized that ApeCoin DAO has "evolved from a promise to a slow, noisy, and unserious governance performance," with resources wasted on "vanity proposals and low-impact initiatives".
The new entity will focus on supporting high-quality projects and strengthening the three core pillars of ApeChain, Bored Ape Yacht Club, and Otherside. If the proposal passes, ApeCoin holders will lose all governance rights. This move is part of Yuga Labs' strategic restructuring, with the company recently selling NFT project IPs such as Moonbirds and CryptoPunks to refocus on core businesses. (Decrypt)
Regulatory Policies
U.S. Initial Claims Data Higher Than Expected
The number of initial unemployment claims in the U.S. for the week ending May 31 was 247,000, higher than the market expectation of 235,000, marking a new high since the week of October 5 last year. (Jinshi)
Investment and Financing
BitMine Raises $18 Million Through Stock Issuance, Net Proceeds to Be Used for Bitcoin Purchase
Bitcoin mining company BitMine Immersion Technologies (NYSE American: BMNR) announced the completion of a public offering of 2.25 million shares, priced at $8 per share, raising a total of $18 million. The company plans to use the net proceeds to directly purchase Bitcoin.
Simultaneously, BitMine's stock has been approved for listing on the NYSE American exchange on June 5, with the ticker "BMNR", and trading on the OTCQX market will be simultaneously terminated. (GlobeNewswire)
DA Layer Interoperability Protocol Sunrise Completes $3 Million Seed Round, Decima Among Investors
The DA layer interoperability protocol Sunrise has completed a $3 million seed round, with investors including Decima, Animoca Brands Japan, Hyperithm, Cogitent Ventures, MZ Web3 Fund, V3 V Ventures, Connectico Capital, and MH Ventures. The new funds are intended to support the integration of data availability layer and liquidity center functions into a single platform supported by Proof-of-Liquidity to achieve liquidity sharing.
DeFAI Project HeyElsa Raises $3 Million, M 31 Capital Leads
DeFAI project HeyElsa announced the completion of a $3 million financing round, led by M 31 Capital, with participation from Coinbase Ventures' Base Ecosystem Fund, MH_Ventures, AbsolutaDigital, 2 sharesfund, and levitate_labs. The funds will be used to build an AI stack in the crypto space, converting natural language into on-chain actions and bridging the gap between SDKs, APIs, and infrastructure.
People & Voices
Binance CEO: Binance Holds Nearly 59% of Centralized Exchange Stablecoin Reserves
Binance CEO Richard Teng stated on the X platform that the latest data from CryptoQuant reveals Binance holds nearly 59% of centralized exchange stablecoin reserves, valued at approximately $31 billion
Arthur Hayes: Crypto IPO Frenzy May Emerge in 2025-2027
Arthur Hayes posted on social media today that the market has completed a "cycle", and the spirit of the 2017 ICO has now transformed into a crypto IPO boom in 2025-2027. "This is the beginning of a frenzy that will ultimately end with an IPO similar to EOS, attracting massive fiat currency and plummeting immediately after opening."
Cryptoquant analyst Crypto Dan wrote that the current crypto market bull market cycle shows significant differences from 2017 and 2021. Despite early short-term corrections and rises, since 2024, Bitcoin has repeatedly experienced strong rallies followed by quick pullbacks, accompanied by generally weak Altcoin performance and market sentiment setbacks.
He pointed out that this repeated "rise-suppression" pattern may be intentionally controlled by market leaders to extend the overall cycle time. This phenomenon was rare in previous bull markets and may signal that the current cycle could enter an emotion-driven bubble-like peak phase in the future.
