Sonic airdrop to launch in June with 25% instant release and remaining 75% linear unlock in NFT form
According to Sonic Labs, the first season of Sonic ($S) airdrop will be distributed in two phases: 25% can be claimed immediately, and the remaining 75% will be linearly unlocked as tradable NFTs over a period of 270 days, with early collection triggering a burn mechanism. The total airdrop amount is 190.5 million $S, incentivizing user, DeFi application, and gaming ecosystem participation, and optimizing incentives and data tracking through OpenBlock and Sentio. Sanctioned regions such as the United States will be excluded from the airdrop.
Neuralink Completes $650 Million Series E Funding Round to Advance Clinical Applications of Brain-Computer Interfaces
According to Neuralink announcements, the company has completed a $650 million Series E financing round, with investors including ARK Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, Qatar Investment Authority (QIA), Sequoia Capital, Thrive Capital, Valor Equity Partners, Vy Capital, etc. The funds will accelerate the clinical trials and product development of its brain-computer interface technology, dedicated to restoring autonomy for those with paralysis, speech or vision impairment. Neuralink currently has 5 severely paralyzed patients who have achieved thought-controlled devices through its devices and has launched clinical trials in several top medical institutions around the world.
OSL Group Plans to Spend $15 Million to Acquire 90% Equity of Indonesian Licensed Company Evergreen Crest Holdings Ltd
According to Zhitong Finance, OSL Group (Hong Kong stock code 00863) plans to acquire 90% equity of Evergreen Crest Holdings Ltd for US$15 million to obtain its cryptocurrency and futures trading license held in Indonesia. The transaction is paid by issuing new shares, and after completion, the target company will become an indirect subsidiary of OSL. This acquisition is expected to provide OSL with a compliant channel to quickly enter the Indonesian crypto market and expand emerging businesses such as Real World Assets (RWA) and Payment Finance (PayFi).
Musk's xAI launches $300 million share resale, valuing the company at $113 billion
According to the Financial Times, Elon Musk's xAI is conducting a $300 million share resale transaction, increasing the company's valuation to $113 billion. This transaction allows employees to sell shares to new investors and may trigger a larger financing round. Previously, xAI completed a financing round with a valuation of $45 billion at the end of 2023, and acquired the social platform X (formerly Twitter) in March this year. Musk said he will focus on developing xAI, X and Tesla's key technology deployments.
Binance.US is about to launch HYPE spot trading.
According to Binance.US announcements, it will list Hyperliquid (HYPE) token spot trading, with specific opening times to be announced later.
Ethereum Foundation Reorganizes R&D Team and Establishes 'Protocol' to Focus on Three Strategic Goals
According to the Ethereum Foundation website, the Ethereum Foundation announced that it will rename its 'Protocol R&D' team to 'Protocol' and reorganize around three strategic goals: L1 scaling, blob scaling, and user experience improvement. Tim Beiko, Alex Stokes, and others will be responsible for specific execution, and some members will leave the foundation. The change aims to improve R&D collaboration efficiency, accelerate zkEVM and L2 integration, and promote Ethereum's global expansion.
Coinbase lists Ethena (ENA) on its listing roadmap
According to Coinbase Assets, Ethena (ENA) has been added to its listing roadmap. The launch time is still subject to the completion of market-making support and technical infrastructure. Coinbase will make another announcement after the conditions are met.
Paradigm Proposes 'Orbitals' Design to Improve Capital Efficiency of Stablecoin Pools
Paradigm's research team proposed the 'Orbitals' automated market maker design, aimed at supporting liquidity pools of up to tens of thousands of stablecoins, with a higher-dimensional liquidity concentration capability compared to Uniswap V3 and Curve. Orbitals uses n-dimensional spheres and nested tick mechanisms to significantly improve liquidity concentration and capital efficiency. Orbitals also allows providers to customize risk exposure. Although the proposal is still in the conceptual model stage, its idea of supporting tens of thousands of stablecoins is considered promising to reshape the decentralized stablecoin market.
Morph CEO Cecilia Hsueh Resigns, Former Binance Executive Colin Goltra Takes Over
According to The Block, Cecilia Hsueh, co-founder and CEO of Ethereum Layer 2 project Morph, announced her resignation, and her successor is Colin Goltra, the current Chief Growth Officer and former Binance executive. The transition began 3 months ago and is now officially complete. Morph was incubated by Bitget and founded in 2023, and raised $20 million in funding last year led by Dragonfly. The new CEO, Goltra, previously served as COO of YGG and Director of Asia-Pacific Expansion at Binance, with over 10 years of Web3 experience. Hsueh will transition to a project advisor.
Consensys Acquires Web3Auth to Optimize MetaMask Experience and Accelerate Bitcoin Support
According to The Block, Consensys has acquired wallet infrastructure provider Web3Auth to simplify MetaMask seed phrase management through Web2 login methods and improve user experience. Transaction details were not disclosed. This integration will also accelerate support for non-EVM chains such as Solana and Bitcoin, with full Bitcoin functionality expected to be launched in Q3. Web3Auth services cover over 500,000 end users, and this move also strengthens MetaMask's global presence, especially in the Asian market.
Tether transfers 18,812 Bitcoins to Jack Mallers' Twenty One Capital
According to Bitcoin Magazine, Tether transferred 18,812 Bitcoins, worth nearly $2 billion, to Twenty One Capital, a Bitcoin investment company founded by Jack Mallers. On-chain data shows that 14,000 BTC were transferred from Tether's reserve address to an unknown wallet in the early hours of today, with a transfer amount of approximately $1.5 billion.
US SEC Seeks Comments on WisdomTree Bitcoin Fund's In-Kind Subscription and Redemption Mechanism
According to The Block, the U.S. SEC has initiated a procedure for soliciting opinions on whether WisdomTree's Bitcoin Fund (BTCW) should allow in-kind subscriptions and redemptions, with the public having 21 days to submit opinions. This mechanism allows investors to redeem ETF shares with Bitcoin instead of cash. The SEC emphasized that this procedure does not represent a decision but is for assessing legal and policy issues. BTCW is a spot Bitcoin ETF approved in January 2024.
Strategy plans to issue 2.5 million shares of 'Stride' preferred stock to increase its Bitcoin holdings
Strategy (formerly MicroStrategy) announced that it will issue 2.5 million shares of 10% annual interest perpetual preferred stock “Stride” (STRD) to institutions and some non-institutional investors, and the funds raised will be used to purchase Bitcoin and for general operations. Previously, it has issued 13% yield “Strike” and 10% “Strife” preferred stocks. STRD cannot be converted into common stock and has no maturity date. The company currently holds approximately 580,955 Bitcoins, worth over $60 billion.
Kraken has begun distributing funds to FTX creditors
FTX creditor representative Sunil posted on the X platform, 'FTX creditors have received FTX distributions in their Kraken accounts.' Previously, FTX announced the launch of the second phase of user repayment procedures, with the FTX US creditor funds distribution time being May 30, 2025 (total claim amount: $312 million), and the FTX international creditor funds distribution time being June 2, 2025.
Arkham: James Wynn's liquidation price has dropped to $103,610 after donations were credited to his account.
Arkham posted on the X platform that James Wynn deposited community-provided donation funds into his Hyperliquid account, which reduced his liquidation price from $103,632 to $103,610 (-0.021%).
A whale deposited 3,000 ETH worth $7.53 million into Binance
According to Onchain Lens monitoring, a whale deposited 3,000 ETH into Binance, worth $7.53 million, and has deposited 10,000 ETH in the past two weeks. The whale increased its holdings of 13,478.6 ETH ($49 million) between December 6, 2024, and January 14, 2025, and currently holds 3,478.6 ETH ($8.78 million), and currently faces a loss of approximately $15.66 million.
SharpLink Gaming Completes $425 Million Private Placement Led by Consensys
According to official sources, SharpLink Gaming has completed a $425 million private placement led by Consensys. SharpLink plans to use the funds to purchase Ethereum's native asset, ETH, and use it as its primary reserve asset.
A trader operating in reverse to James Wynn has a current BTC short position valued at over $76 million.
According to Onchain Lens monitoring, a trader operating in reverse to James Wynn opened a 40x leveraged short position on Bitcoin, with the current position value exceeding $76 million. Previously, the trader lost $2.78 million.
US-listed company Reitar Logtech launches a $1.5 billion Bitcoin acquisition plan
According to Tipranks, US-listed company Reitar Logtech announced the launch of a $1.5 billion Bitcoin acquisition plan, which it plans to use to enhance its financial stability while pursuing logistics technology advancements. The acquisition is part of Reitar Logtech's broader strategy to enhance its operational capabilities and expand its influence in the logistics technology market.
Nasdaq-listed BTCS increases its holdings of 1,000 ETH
According to Financefeeds, Nasdaq-listed BTCS announced the addition of 1,000 ETH, worth approximately $2.63 million, bringing its total ETH holdings to approximately 13,500. The company held 9,063 ETH at the end of the first quarter of 2025, meaning its ETH holdings have increased by approximately 50%.
JPMorgan Chase: In May, the average daily mining gross profit of Bitcoin mining companies increased by 36% compared with the previous month, and the market value of the sector increased by 19%.
According to CoinDesk, JPMorgan Chase said that Bitcoin mining profitability improved in May, and the total market value of the 13 mining companies it tracks increased by approximately 19% compared with April, and the average daily block reward gross profit increased by 36% compared with April.
Binance Alpha has launched SQD and opened airdrop claiming for eligible users.
Binance Alpha now supports Subsquid (SQD). Eligible Binance users with at least 210 Binance Alpha points can claim an airdrop of 424 SQD tokens on the Alpha activity page starting at 21:00 on June 2, 2025 (UTC+8). Notably, claiming the SQD airdrop will consume 15 Binance Alpha points. Users need to complete the claim within 24 hours after the claim is open, otherwise it will be deemed a waiver of the airdrop.
FalconX Acquires Majority Stake in Crypto Hedge Fund Monarq's Parent Company, Specific Terms Not Disclosed
According to Bloomberg, digital asset broker FalconX has acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management in a move to expand its asset management services. The terms of the deal were not disclosed. Austin Reid, Global Head of Revenue and Operations at FalconX, a privately held company based in San Mateo, California, said the investment provides the company with the opportunity to expand its institutional client base from hedge funds, proprietary trading firms and asset management firms to a broader range of sectors.
Analyst: If BTC maintains a 50% annual increase, Satoshi Nakamoto's wealth will surpass Buffett this year
Bloomberg Senior ETF Analyst Eric Balchunas posted on the X platform: If Bitcoin can maintain a normal annual increase of 50%, Satoshi Nakamoto will surpass Buffett this year, and will surpass Zuckerberg around next year to become the second richest person in the world (Elon Musk is far ahead).
Customized Chauffeur Service Platform Webus Signs $300 Million XRP Funding Agreement with SamaraAlpha
According to Marketscreener, customized chauffeur service platform Webus announced the signing of an XRP funding agreement with SamaraAlpha, which establishes Samara Alpha as Webus's exclusive digital asset delegate manager with an authorized management ceiling of up to $300 million.
Strategy's BTC YTD Returns Reach 16.9%
Michael Saylor posted on the X platform that Strategy BTC's return this year to date is 16.9%. As of June 1, 2025, it holds 580,955 Bitcoins, with an average purchase price of $70,023.
Strategy spent $75.1 million to increase its holdings of 705 BTC
According to market news: Strategy spent $75.1 million to increase its holdings of 705 BTC.
Viewpoint: James Wynn establishing communication with CZ may want to discuss dark pool mechanisms.
According to @ai_9684xtpa monitoring, CZ proposed the idea of a 'dark pool perp DEX' in the early hours of today, achieving the goal of not displaying the order book or even completely not displaying the funds deposited into the smart contract (or displaying it after a long delay) through the dark pool mechanism, in order to avoid large perpetual orders from being sniped. James Wynn may want to establish communication with CZ for this reason, after all, he himself is at the center of this vortex.
Bitfinex Alpha: The recent Bitcoin pullback may be a 'healthy reset' rather than a crash.
The latest Bitfinex Alpha report states that Bitcoin is experiencing its first major correction since its April lows, after surging 50% from $74,501 to an all-time high of $111,880, before retracing somewhat. This pullback reflects a change in market rhythm, following a nearly 50-day streak of continuous gains with minimal pullbacks. This pullback is not purely technical, but happened under the backdrop of heavy macroeconomic pressure following the surprise reinstatement of tariffs by the US government, pushing 30-year US Treasury yields above 5%, and a surge in risk aversion. Despite the correction, Bitcoin’s structure remains strong, and this pullback appears to be a healthy reset, not a crash, driven by deleveraging and profit taking after one of the strongest rallies in cryptocurrency history. In addition, the cryptocurrency industry may also be experiencing a wave of significant developments in corporate, regulatory, and even global finance.
A newly built multi-signature wallet withdrew 14.57 million ENA from CEX
According to Onchain Lens monitoring, a newly built multi-signature wallet withdrew 14.57 million ENA, worth $4.41 million, from Binance and Bybit.
