ChainGPT AI News

Twenty One, a Bitcoin infrastructure firm led by Strike CEO Jack Mallers, introduced the Proof of Reserves (PoR) protocol. The disclosure revealed over 42,000 BTC held in five public addresses, with contributions from major players like Tether, Bitfinex, and SoftBank. Mallers detailed holdings including 14,000 BTC from Tether, 7,000 BTC from Bitfinex, and 10,500 BTC from Tether on behalf of SoftBank. The remaining BTC came from a recent funding round. While some view this as a positive step for crypto finance, others like WhaleWire's CEO Jacob King criticize it as market manipulation. The debate over wallet transparency continues as MicroStrategy and Trump Media & Technology Group make their own Bitcoin treasury moves. MicroStrategy's reluctance to disclose wallet addresses contrasts with TMTG's $2.3 billion Bitcoin vault financing deal. As Bitcoin's role in capital markets grows, transparency and accountability become increasingly important. Read more AI-generated news on: https://app.chaingpt.org/news

Sei Network, a high-speed Layer 1 blockchain, has achieved a significant milestone with over 600,000 active wallets, marking its highest count to date. The platform's growth is fueled by increasing interest from gaming and DeFi sectors, despite a 30% drop in the SEI token price in May. Since January 2025, Sei Network has seen a surge of 17 million new addresses, totaling 26.8 million active addresses. The second quarter has seen rapid expansion, with daily new address creations exceeding 330,000. This influx of users has propelled the daily active wallet count past 600,000, attracting fresh capital and boosting the total value locked to over $550 million. Sei Network's focus on high-speed transactions has made it a preferred choice for on-chain gaming, evident in the popularity of gaming DApps like World of Dypians and Hot Spring. Despite price fluctuations, analysts remain optimistic about SEI's future, citing technical signals for a potential bullish trend reversal. Read more AI-generated news on: https://app.chaingpt.org/news

Binance, the top cryptocurrency exchange globally, has introduced Skate (SKATE) on its Alpha platform. Additionally, Binance Futures will launch the SKATEUSDT perpetual contract, allowing traders to leverage up to 50x. This move led to a significant price increase for SKATE during pre-market trading. SKATE serves as the utility and governance token for Skate's multi-VM infrastructure, with a total supply of 1 billion tokens and 10% reserved for the initial airdrop. Trading for SKATE will start on June 9, 2025, at 10:00 UTC on Binance Alpha, followed by futures trading at 10:30 UTC on the same day. Binance is the first platform to offer trading for SKATE on both Binance Alpha and Binance Futures. The exchange is also hosting an exclusive airdrop event for eligible users to claim SKATE tokens using Binance Alpha Points. This dual listing on Binance and Bybit, along with the Megadrop event, is expected to enhance SKATE's market presence and liquidity. Read more AI-generated news on: https://app.chaingpt.org/news

Despite strict regulations, cryptocurrency trading in Nigeria remains robust, with the country ranking second globally in crypto adoption. From July 2023 to June 2024, Nigeria saw around $59 billion in crypto trading volume. Monitoring trending assets in the region is crucial to understanding trader behavior. Currently, EDGEN, OVER, and LA are the top three trending cryptocurrencies in Nigeria. EDGEN, the native token of LayerEdge Network, leads the trend. Trading at $0.014, it has experienced a 12% drop in the last 24 hours due to a recent airdrop. OVER, powering OverProtocol, trades at $0.059, showing a 6% decrease but with bullish market sentiment. LA, the governance token of Lagrange Prover Network, trades at $1.44 and is down by 1%. Monitoring these trends can provide insights into potential price movements in the Nigerian crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

Dogecoin experienced a 7% decline on June 6 due to the escalating public dispute between President Trump and Elon Musk. The DOGE/USD bear flag pattern suggests a potential 66% decrease. Following the feud between Trump and Musk, Dogecoin's price turned bearish on June 5, dropping by 7% to $0.17. Trading data indicates a third consecutive bearish session, with a 14% decrease over seven days. Musk's departure from the Department of Government Efficiency intensified the conflict, with Trump threatening to cut Musk's government subsidies. Musk retaliated by claiming Trump would have lost the 2024 election without his support. The ongoing conflict has raised concerns among investors, leading to a market sell-off. Dogecoin's price is currently testing support levels at $0.15, with potential further declines to $0.06. The article emphasizes the importance of conducting thorough research before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

The Financial Conduct Authority (FCA) of the United Kingdom has suggested removing the prohibition on offering cryptocurrency exchange-traded notes (ETNs) to retail investors. The proposed change, announced on June 6, would enable individual consumers to access crypto ETNs if they are listed on an FCA-recognized investment exchange. David Geale, the FCA's executive director of payments and digital assets, emphasized the importance of allowing people to decide on high-risk investments for themselves. This move aligns with the UK's goal of becoming a prominent jurisdiction in the crypto space and signals the country's openness to cryptocurrencies. The FCA is also revising its crypto regulatory framework and seeking feedback on regulations for stablecoins and cryptocurrency custody. The UK government is planning a comprehensive regulatory regime to establish itself as a leader in the crypto sector, especially considering the increasing cryptocurrency ownership in the country compared to other economies. Read more AI-generated news on: https://app.chaingpt.org/news

Yuga Labs is proposing a major overhaul of the ApeCoin ecosystem by shutting down the ApeCoin decentralized autonomous organization (DAO) and introducing a new management entity called ApeCo. In a new Ape Improvement Proposal (AIP), Yuga Labs CEO Greg Solano expressed that the DAO, once pivotal in the project's growth, has now become ineffective, hindering progress. The proposal aims for a more focused, efficient, and professional approach to managing ApeCoin. It suggests terminating the current DAO governance system, transferring assets to ApeCo, and implementing stricter criteria for funding initiatives. While the proposal has received mostly positive feedback for its shift towards a more streamlined structure, some community members have expressed concerns and objections. Despite differing opinions, the proposal signifies a significant change in the ApeCoin ecosystem, aiming to drive growth and innovation. Read more AI-generated news on: https://app.chaingpt.org/news

Artificial intelligence is solidifying its presence in Web3 with the rise of AI-powered decentralized applications (DApps) and their increasing user base this year. DappRadar reported a significant growth in AI-backed DApps, with 4.8 million daily unique active wallets in May, marking a 23% increase. This trend indicates that AI DApps are steadily establishing themselves within the decentralized ecosystem, challenging the dominance of gaming and DeFi apps. The top AI DApp for May, LOL, attracted 2 million daily active wallets by using an AI bot to analyze laughter and reward users with tokens based on their happiness level. The report also highlighted the emergence of SubHub, an AI-enhanced Web3 platform with 82,000 daily active wallets, showcasing the integration of smart messaging and wallet-based targeting in Social and AI DApps. The growing interest in decentralized AI is evident, with initiatives like ThinkAgents.ai and Tether entering the AI space, reflecting a shift towards user-owned technologies and decentralized systems. Read more AI-generated news on: https://app.chaingpt.org/news

Crypto conferences are witnessing a lack of basic situational awareness and security measures among attendees, leaving them vulnerable to exploitation by malicious actors. Kraken, a crypto exchange, highlighted the concerning trend of unlocked laptops and phones belonging to popular crypto protocols at events. These devices, acting as vaults for crypto assets, are left unguarded, posing a significant risk. Scammers often infiltrate such events, utilizing tactics like 'juice jacking' and compromising WiFi networks to steal data. To mitigate risks, attendees are advised to keep devices secure, use burner wallets for conference activities, and avoid discussing sensitive information in public. The crypto community has also faced threats of kidnapping and extortion, emphasizing the importance of prioritizing personal and operational security. Implementing stringent security measures is crucial in safeguarding crypto assets and ensuring a safe conference environment. Read more AI-generated news on: https://app.chaingpt.org/news

Switzerland is progressing with a proposal to automatically exchange crypto-related information with 74 partner nations, including the UK and EU member states. The Federal Council of Switzerland has approved a bill for the automatic exchange of crypto data with partner countries, excluding the US, Saudi Arabia, and China. The plan also includes sharing data with most G20 countries, with implementation set for Jan. 1, 2026. The council emphasized that the exchange will only occur if partner states are willing and meet the requirements of the Crypto-Asset Reporting Framework. Switzerland aims to enhance tax transparency, boost its financial sector's reputation, and create a fair environment for local crypto businesses. The EU will also implement the exchange as part of the DAC 8 update. This move aligns with Switzerland's goal to integrate into the global network and receive tax-related crypto data from partner states. Read more AI-generated news on: https://app.chaingpt.org/news

Erbil Karaman, Co-Founder of Huma Finance, shared his experience at the highly anticipated $148 million dinner with US President Donald Trump. The event, attended by 220 guests, was described as charged and eventful, with predominantly Asian attendees and disappointing food quality. Despite this, Karaman expressed eagerness to repeat the experience. As head of Huma Finance, he acquired Trump tokens to attend the event, driven by frustration over regulatory stagnation in stablecoins. The dinner highlighted a crucial moment for American financial technology leadership. The event featured tight security, Trump's speech on crypto innovation, and Justin Sun's address as the top Trump coin holder. The atmosphere was optimistic, with attendees eager to hear Trump's vision for crypto regulation. The event provided valuable networking opportunities and insights into US crypto policy direction, emphasizing the importance of US leadership in the global financial revolution. Read more AI-generated news on: https://app.chaingpt.org/news

Recent on-chain data reveals a significant increase in Bitcoin network activity metrics despite the cryptocurrency's price hovering around $105,000. Santiment, an on-chain analytics firm, reports a notable uptick in Bitcoin activity, focusing on two key indicators: Circulation and Network Growth. Circulation tracks the total unique tokens involved in daily transactions, providing insight into organic blockchain activity. In contrast, transaction volume measures total network activity, including repeat token transfers. The recent spike in Circulation, reaching 241,360 coins, indicates a surge in transaction activity. Additionally, Network Growth, with 556,830 new addresses created, suggests growing adoption. The analytics firm views increased on-chain activity as a positive sign for the crypto market. Despite Bitcoin's price stability around $104,500, monitoring network activity trends remains crucial for market observers. Read more AI-generated news on: https://app.chaingpt.org/news

Circle is under fire from Jeff Dorman, the chief investment officer at Arca, for a $135,000 investment in the stablecoin issuer's recent IPO. Dorman criticized Circle's leadership for poor decision-making, deeming the allocation 'inappropriate' and announcing the closure of all Arca accounts with Circle. Despite being an early supporter of Circle, Arca was only granted a small portion of the $10 million order. Dorman highlighted the irony of the situation, stating that Arca moved away from traditional finance to avoid dealings with individuals like those at Circle. Additionally, Arca plans to sever ties with Circle and discourage other firms from partnering with the stablecoin giant. Circle's IPO on the NYSE was met with enthusiasm, with the company's stock price surging over 200% in its initial trading hours. Read more AI-generated news on: https://app.chaingpt.org/news

The US Senate has approved Michelle “Miki” Bowman as the vice chair for supervision for the Federal Reserve, appointed by President Donald Trump. This decision indicates a potential shift in the central bank's regulatory approach following the departure of Michael Barr. With a 48-46 vote on June 4, Bowman will oversee policy recommendations and regulate companies under the Fed's jurisdiction. Senator Cynthia Lummis praised the confirmation, highlighting it as a significant moment for digital assets. Bowman, a member of the Fed's Board of Governors since 2018, has shown a cautious stance on central bank digital currencies and stablecoins without proper regulations. Despite not revealing specific policy stances on digital assets during her nomination hearing, her understanding of blockchain and digital assets has been acknowledged by industry experts. The Senate's confirmation of Bowman comes amidst ongoing discussions on regulatory frameworks for cryptocurrencies and stablecoins. Read more AI-generated news on: https://app.chaingpt.org/news

Poșta Română, Romania's national postal service, has set up its inaugural Bitcoin ATM at a branch in Tulcea, in collaboration with Bitcoin Romania (BTR) exchange. The postal service plans to install more Bitcoin ATMs in Alexandria, Piatra Neamț, Botoșani, and Nădlac. This initiative is part of a broader effort to modernize infrastructure with digital technology and extend services to underserved regions. The presence of Bitcoin ATMs in national post offices reflects the increasing acceptance of cryptocurrencies by governments and institutions in response to rising demand. Bitcoin adoption is on the rise among individual investors, businesses, institutions, and nation-states. Despite this growth, global Bitcoin ownership remains low, with only 4% of the population holding BTC. The potential market for Bitcoin is vast, with room for significant expansion beyond its current market cap of $2 trillion. Read more AI-generated news on: https://app.chaingpt.org/news

A recent report revealed that a crypto wallet linked to the now-defunct dark web marketplace Alphabay was responsible for donating $31 million worth of Bitcoin to Silk Road founder Ross Ulbricht. Chainalysis, a blockchain analytics firm, connected the 300 Bitcoin donation to Alphabay, which operated from 2014 to 2017. The funds were suspected to originate from a major vendor on the platform. The donor used various mixing services to conceal the transaction trail and cashed out other cryptocurrencies in small amounts to avoid detection, indicating potential criminal origins. Despite the donation being deemed 'legitimate,' the source of the funds remains unknown. Chainalysis played a crucial role in identifying AlphaBay-linked Bitcoin addresses during the investigation that led to the darknet marketplace's takedown. The mystery surrounding the donor's identity and motives persists, even as Bitcoin's value has surged over the years. Read more AI-generated news on: https://app.chaingpt.org/news

Global Ledger, a company specializing in crypto Anti-Money Laundering (AML) tools, has discovered over $15 million in active reserves at the Garantex exchange. A dormant Garantex Ethereum wallet has been accumulating Ether since March 6, with $2.3 million transferred to Tornado Cash. The wallet still holds $6.1 million in ETH. Similar patterns were observed with Bitcoin holdings, with some BTC bridged to the TRON network and Grinex. This revelation challenges the notion of control in the crypto space, highlighting the failure of sanction enforcement. Tether froze $27 million on Garantex, leading to the exchange's temporary shutdown. Garantex faced sanctions from the US Treasury and the EU for disregarding AML regulations. Founder Aleksej Bešciokov's arrest in India on conspiracy charges further complicates the situation. Russia is considering developing its stablecoin following Tether's actions. The Russian finance ministry and central bank also plan to launch a cryptocurrency exchange for elite investors. Read more AI-generated news on: https://app.chaingpt.org/news

In 2014, the landscape of crypto advertising was vastly different from today. Back then, the term “Web3” was not yet coined, Facebook had banned crypto ads, and startups promoting tokens were limited to niche platforms. Despite this, Bitmedia's founder, Matvii Diadkov, saw an opportunity in serving the underserved crypto community. Bitmedia started as a Bitcoin-focused ad network, promising measurable results for blockchain projects. Over the years, it has transformed into a comprehensive Web3 marketing engine, catering to protocols, DeFi apps, and Web3 games. By leveraging AI and data-driven strategies, Bitmedia aims to become an AI-native ad platform for Web3, offering clients agility, precision, and scalability. The company's focus on compliance, granular targeting, and blockchain-native analytics has led to success stories of boosting client ROI and ensuring long-term campaign success. With upcoming disruptive technology in the pipeline, Bitmedia continues to innovate and shape the future of crypto advertising. Read more AI-generated news on: https://app.chaingpt.org/news

Cardano has recently entered the blockchain gaming industry by launching a plugin that connects its blockchain technology with Unreal Engine 4 and 5. This development enables gamers to enjoy real-time blockchain functionalities, potentially sparking interest in Web3 gaming. The plugin, accessible on GitHub, empowers game developers to craft blockchain-infused gaming experiences using a renowned gaming engine. By embracing this initiative, Cardano joins a growing list of blockchains supporting GameFi. The integration with Unreal Engine introduces features that facilitate the creation of games interacting with blockchains by default. Players can now own digital assets or NFTs within games, participate in in-game marketplaces, and engage in token-gated experiences. This move positions Cardano to capitalize on the thriving gaming market, aligning with the trend of merging gaming with decentralized finance. The integration aims to simplify blockchain utilization in game development, potentially revolutionizing the immersive gaming sector. Read more AI-generated news on: https://app.chaingpt.org/news

Nibiru has launched Block Party, introducing Aura, a new points system rewarding user participation in its DeFi ecosystem. Aura reflects user contributions in trading, liquidity, lending, and quests on Nibiru EVM. Users can interact with various applications like Oku, LayerBank, MIMSwap, OmniSwap, and Sai perpetuals exchange to earn Aura. The platform integrates Merkl for onchain activity tracking and Galxe for off-chain missions. Participants can boost Aura by providing liquidity, trading actively, or completing missions. Aura points and leaderboards will be visible on a public dashboard, with monthly resets and claim windows. Nibiru aims to allocate rewards based on genuine activity, ensuring fair distribution. With a focus on high throughput and efficiency, Nibiru EVM offers a seamless experience for Web3 application builders and users. The platform is backed by significant investments to enhance accessibility and speed in the Web3 space. Read more AI-generated news on: https://app.chaingpt.org/news