SEC questions Ethereum and Solana ETF compliance, potentially delaying launches until regulatory concerns are addressed through proper documentation.
NFT market shows mixed signals with transaction volume dropping 16.76% while user participation surges significantly across platforms.
Rising crypto-related violence prompts specialized insurance development as industry faces increasing physical security threats worldwide.
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. SEC Challenges Ethereum and Solana Pledge ETFs Over Regulatory Compliance
According to Bloomberg, the US SEC has questioned Ethereum and Solana pledge ETFs launched by REX Shares and Osprey Funds, arguing they may not meet investment company and ETF definitions under federal securities law. The SEC stated these funds may have “incorrectly submitted registration statements” with potentially “misleading” disclosures about their investment company status. REX Financial’s General Counsel Greg Collett responded: “We believe we can address the SEC’s investment company concerns and won’t launch until we resolve these issues.”
2. NFT Market Sees Mixed Signals with 16.76% Volume Drop Despite User Growth
CryptoSlam data reveals the NFT market experienced significant volatility this past week, with transaction volume falling 16.76% to $105.7 million. However, buyer participation surged 55.35% to 699,471 users, while sellers increased 19.22% to 242,898. Total NFT transactions jumped 34.31% to 2,233,547.
Ethereum led with $36.5 million in transaction volume (up 28.43%), while Polygon saw $15 million (down 25.88%). Mythos Chain recorded $13.5 million (down 3.39%), and Bitcoin network registered $13.2 million (down 27.10%).
Top sales included CryptoPunks #1831 for 150 ETH ($389,846) and CryptoPunks #4868 for 76.5 ETH ($201,933).
3. Silk Road Founder Ross Ulbricht Raises $1.8M Through Prison Memorabilia Auction
The Block reports that Ross Ulbricht has raised approximately $1.8 million in pledged Bitcoin by auctioning prison souvenirs on the Scarce City platform. Auction items included paintings created during imprisonment, personal belongings from before his arrest, and a prison ID card that sold for 11 Bitcoin (~$1.1 million). Bidders must complete payments by Monday.
4. Crypto Violence Surge Prompts Insurance Companies to Develop Kidnapping Protection
Cointelegraph reports a wave of violent attacks against cryptocurrency holders is driving insurance companies to create new protection measures. Recent incidents include an Italian tourist detained and tortured for three weeks in New York and an attempted kidnapping of a French crypto executive’s family. At least three companies specializing in crypto insurance are preparing tailored kidnapping and ransom (K&R) policies for digital asset investors.
5. James Wynn’s Address Shows Complete Liquidation with Only $16.28 Remaining
On-chain intelligence platform Arkham posted on X that James Wynn’s address currently holds only $16.28, suggesting complete liquidation of his holdings.
NOON NEWS
1. ZachXBT Calls for Stricter Punishment for SIM Swapping Fraud
On-chain detective ZachXBT stated on X: “SIM card swapping/social engineering fraud requires more severe punishment. Canadian/EU laws are very lenient, allowing threat actors to escape consequences. Many are minors, which provides additional protection from punishment and keeps their details protected (which is why I publish their full names regardless of age).”
2. Bitcoin Outflows from CEX Platforms Total 6,216 BTC Over Past Week
Coinglass data shows approximately 6,216.46 Bitcoin flowed out of centralized exchange platforms in the past week. Coinbase Pro recorded outflows of 15,480.48 BTC over seven days, while Binance saw inflows of 29,158.78 BTC and Bitfinex received 2,398.57 BTC.
3. US Extends China Trade Investigation Exemption Period to August
China News Network reports the US Trade Representative’s Office announced on June 1st an extension of the 301 investigation exemption period regarding China’s technology transfer, intellectual property, and innovation practices. Originally set to expire May 31, 2025, the exemption now extends to August 31, 2025.
4. Ross Ulbricht Donation Wallet Receives $31.4M Bitcoin Transfer
Lookonchain monitoring detected that Ross Ulbricht’s donation wallet received a transfer of 300 Bitcoin (approximately $31.4 million) eight hours prior to the report.
5. Believe Platform Increases Creator Fee Share to 70% and Adopts SOL-Only Payments
Token issuance platform Believe announced all future releases will follow an updated fee structure, increasing creator compensation from 50% to 70% of fees. Additionally, all fees will now be paid exclusively in SOL, giving creators full discretion over income usage.
EVENING NEWS
1. Acheron Trading Obtains EU Crypto Asset Service Provider License
PRNewswire reports that crypto hedge fund and market maker Acheron Trading has obtained a Crypto Asset Service Provider (CASP) license under EU MiCA regulation from the Netherlands Financial Market Authority (AFM). Acheron Trading has invested in numerous crypto companies including AscendEX, Zignaly, LiquidFactory, and GAM3S.GG.
2. France Charges 25 People Including Minors in Crypto-Related Kidnapping Cases
Cointelegraph reports France has charged 25 individuals, including 6 minors, suspected of committing kidnapping and attempted kidnapping related to the country’s cryptocurrency industry. The suspects, aged 16-23, face multiple charges against prominent crypto figures and their families. Currently, 18 suspects remain in pre-trial detention, 3 requested hearing postponements, and 4 are under judicial supervision.
3. AGM Group Announces 50-for-1 Share Merger Effective June 3rd
Globenewswire reports Nasdaq-listed blockchain ASIC chip developer AGM Group announced a “50-for-1” share merger taking effect June 3rd. This reduces Class A common shares from 98,713,955 to approximately 1,974,279 shares at $0.05 per share, and Class B shares from 2,100,000 to approximately 42,000 shares. Trading continues under “AGMH” with updated CUSIP G0132V121.
4. Panama City Mayor Announces Bitcoin Savings Account Initiative
News.bitcoin reports Panama City Mayor Mayer Mizrachi announced several initiatives at Bitcoin 2025 Conference. Mizrachi revealed that Caja de Ahorros, Panama’s second-largest bank, will launch Bitcoin-based savings accounts, allowing customers to access custodial services and simplify their Bitcoin experience.
5. ZachXBT Questions Source of Ulbricht Donation Wallet’s 300 BTC Transfer
On-chain detective ZachXBT noted that the 300 BTC received by Ross Ulbricht’s donation wallet appears to have been sent from Jambler, a centralized mixing service, rather than decentralized mixers typically used by privacy-conscious users like Wasabi or Samourai.
〈CoinRank Crypto News Roundup: (6/1) | SEC Questions Ethereum & Solana ETFs, NFT Market Drops 16.76%, Ross Ulbricht Raises $1.8M〉這篇文章最早發佈於《CoinRank》。
