1. CEX popular tokens
CEX Transaction Volume Top 10 and 24-Hour Price Changes:
BTC: -0.55%
ETH: -0.3%
SOL: -2.39%
PEPE: -1.66%
XRP: +2.00%
DOGE: -1.16%
WIF: +0.81%
SUI: -2.53%
BNB: -1.04%
TRUMP: -1.23%
24H Increase Leaderboard (data source: OKX):
ME: +30.23%
MENGO: +11.6%
ANIME: +10.81%
MASK: +10.6%
SSV: +9.24%
UMA: +9.01%
TRB: +8.32%
MKR: +8.15%
COMP: +7.52%
BONE: +7.18%
2. 24H trending tokens
ME: Last night, there were reports that Magic Eden was allegedly working with the TRUMP Meme coin to launch the wallet product Trump Wallet, but Trump family member Donald Trump Jr. later denied, stating that the Trump organization has no connection with any wallet product, and he and Eric Trump are completely unaware of this. Donald Trump Jr. also stated that he is working with World Liberty Financial to develop an official wallet product, which is about to be launched.
However, this morning Magic Eden responded again, stating that the application is indeed the official TRUMP wallet, using Trump's official branding and intellectual property.
As a result of this event, the price of ME fluctuated significantly, currently reported at 1.11 USDT, with a 24-hour increase of over 30%.
Headlines
The Trump family denies any connection with the Trump Wallet project and will launch a crypto wallet with WLFI.
Odaily Planet Daily News: Donald Trump Jr. clarified that the Trump organization has no connection with any wallet product, and he and Eric Trump are completely unaware of it. He also stated that he is working with World Liberty Financial to develop an official wallet product, which is about to be launched.
Reporter: Magic Eden responds to Donald Trump Jr.'s doubts, stating that the TRUMP wallet uses official branding and IP.
Odaily Planet Daily News: Reporter Eleanor Terrett stated that she has contacted the NFT market Magic Eden regarding the TRUMP wallet release. Previously, Trump Jr. clarified that the newly launched TRUMP wallet is unrelated to the Trump organization. Magic Eden responded that the application is indeed the official TRUMP wallet, using Trump's official branding and intellectual property. Magic Eden has previously supported the NFT release of TRUMP projects and is currently cooperating with the project to promote a larger TRUMP wallet development plan.
The X account associated with the Trump wallet website has been frozen.
Odaily Planet Daily News: Previously, there were reports that Trump would launch a branded crypto wallet and trading application. According to the information on the X platform, the X account associated with the Trump Wallet website is currently in a 'frozen account' status. It is reported that X will freeze accounts that violate X rules, reminding community users to interact with caution.
Insiders: pump.fun plans to conduct a $1 billion token sale at a $4 billion FDV.
Odaily Planet Daily News: Two sources told Blockworks that pump.fun plans to raise $1 billion through token sales. After this sale, the token's FDV will be $4 billion. The sources added that the token will be offered to both public and private investors. It has not yet been confirmed when the token will go live, nor whether it will be issued on the pump.fun platform. Some insiders indicated that the token may be issued within the next two weeks. (Blockworks)
Industry News
Coinbase International: 12 types of cryptocurrency assets including AAVE can now be used as collateral for perpetual futures trading.
Odaily Planet Daily News: Coinbase International stated on the X platform that 12 types of cryptocurrency assets, including AAVE, CRV, and NEAR, can be used as collateral for perpetual futures trading on Coinbase International Exchange and Coinbase Advanced.
Trump's social platform Truth Social submits a Bitcoin ETF application.
Odaily Planet Daily News: Truth Social, a social media platform owned by Trump, has submitted a Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC). The New York Stock Exchange Arca division filed Form 19b-4 on June 3, aiming to track Bitcoin price performance. The ETF is sponsored by 'America First' asset management company Yorkville America Digital. (The Block)
U.S. SEC seeks public opinion on modifying rules for physical subscriptions and redemptions for the WisdomTree Bitcoin Fund.
Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) is seeking public opinion on whether to amend rules to allow the WisdomTree Bitcoin Fund to conduct physical subscriptions and redemptions. Previously, the SEC had repeatedly postponed decisions regarding the physical subscription and redemption mechanisms of cryptocurrency ETFs and requested feedback from market participants, involving products including BlackRock's iShares Bitcoin Trust (IBIT), VanEck Bitcoin Trust, and VanEck Ethereum Trust. (The Block)
U.S. publicly listed company Classover plans to raise $500 million to establish a strategic reserve for SOL.
Odaily Planet Daily News: Nasdaq-listed EdTech company Classover announced it has signed a securities purchase agreement with Solana Growth Ventures LLC, planning to raise up to $500 million through the issuance of senior secured convertible notes, with up to 80% of the net proceeds used to purchase the native token SOL of the Solana blockchain. Classover CEO Stephanie Luo stated that this marks an important milestone in the company's strategic construction of a corporate reserve based on SOL. Following the announcement, Classover's stock price surged 39.85% on Nasdaq on Monday, closing at $3.72. (The Block)
Ripple CEO denies Ripple intends to acquire Circle, says related reports are inaccurate.
Odaily Planet Daily News: Ripple CEO Brad Garlinghouse publicly stated at an event in Las Vegas that the company has never sought to acquire stablecoin issuer Circle, refuting previous media reports that Ripple had offered as much as $5 billion.
Binance Alpha is now live with Zircuit (ZRC), with at least 211 Binance Alpha points required to claim the airdrop.
Odaily Planet Daily News: According to official news, Binance Alpha has now launched Zircuit (ZRC). Eligible Binance users with at least 211 Binance Alpha points can claim an airdrop of 2666 ZRC tokens starting from June 3, 2025, at 16:30 UTC+8 on the Alpha event page.
Please note that claiming the ZRC airdrop will consume 15 Binance Alpha points.
Binance: Users with at least 213 Alpha points can claim an airdrop of 900 BDXN tokens.
Odaily Planet Daily News: According to official news, Binance will launch Bondex (BDXN), specifically:
Alpha trading opens: June 3, 2025, 18:00 (UTC+8)
Contract trading opens: June 3, 2025, 18:30 (UTC+8)
Eligible Binance users with at least 213 Binance Alpha points can claim an airdrop of 900 BDXN tokens on the Alpha event page when trading opens.
Please note that claiming the airdrop will consume 15 Binance Alpha points.
Binance Alpha will launch Lagrange (LA).
Odaily Planet Daily News: According to official news, Binance Alpha will launch Lagrange (LA) on June 4, with the specific time to be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page, which will go live on June 4.
Project News
Sky (formerly Maker) has introduced stablecoin incentives for SKY staking, with the current staking APY at 17.48%.
Odaily Planet Daily News: Sky (formerly Maker) has started to provide stablecoin incentives for SKY token staking, with incentives distributed in USDS, and the current APY for SKY staking is 17.48%.
Interoperability protocol Polymer releases teaser, suspected TGE on the 10th.
Odaily Planet Daily News: The interoperability L2 project Polymer Labs, focused on the IBC protocol, released a teaser image with a specific date (June 10), captioned 'Something is about to happen', with the community speculating that a TGE may take place.
In January last year, the IBC infrastructure Polymer Labs completed $23 million in Series A financing, led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures, and Figment Capital.
Towns Protocol: The first snapshot was completed on April 10, and the second snapshot has not yet occurred.
Odaily Planet Daily News: The social protocol Towns Protocol, with a total financing amount of $35.5 million, announced on X that the first snapshot was completed on April 10, and the second snapshot will take place before the airdrop (which has not yet occurred), both snapshots will be included in the token airdrop.
It was also stated that the distribution, user analysis and filtering, and protocol infrastructure work have been completed, and the token airdrop will take place later this summer.
Believe founder: Multiple measures to prevent fraudulent project tokens will be launched within 48 hours.
Odaily Planet Daily News: Ben Pasternak, founder of Believe, stated on the X platform that Believe aims to be the most trusted launch platform for traders, and the platform will take the following measures to protect users from scammers:
1. A 24-hour hold policy will be implemented before charging any creator fees;
2. Any project identified as a scam by the platform will be completely blocked from claiming creator fees;
3. The team will publicly display the health status of tokens to fully transparently understand the project's condition.
All of this will be completed within the next 48 hours.
Regulatory Policy
Exit polls show Lee Jae-myung will win the South Korean election with 51.7% of the votes.
Odaily Planet Daily News: The voting for the 21st presidential election in South Korea has officially concluded, and exit polls have been released subsequently. After the voting ended, the results of the exit polls released by the three major mainstream TV stations, KBS, MBC, and SBS, show that the largest opposition party candidate Lee Jae-myung will win the election with an overwhelming advantage beyond the margin of error. According to MBC's exit poll, Lee Jae-myung of the Democratic Party received 51.7% of the votes, while Kim Moon-soo of the People Power Party received 39.3% and Lee Jun-seok of the Reform Party received 7.7%. (Jinshi)
The U.S. Senate is expected to vote on the GENIUS stablecoin bill by June 9 at the earliest.
Odaily Planet Daily News: The U.S. Senate is currently discussing amendments to the bipartisan (GENIUS Act), with a vote possibly taking place before June 9. (Cointelegraph)
U.S. SEC cryptocurrency task force meets with CoinShares representatives to discuss regulatory issues related to cryptocurrency assets.
Odaily Planet Daily News: According to official news, the U.S. Securities and Exchange Commission (SEC) crypto special task force has held talks with representatives of CoinShares International Limited and its legal advisor Chapman & Cutler LLP to discuss the regulatory challenges faced in launching cryptocurrency exchange-traded products (ETPs) in the U.S. It is reported that topics discussed in the meeting included: how to integrate staking mechanisms into ETP structures, appropriate standards for reviewing new digital asset ETP rule change applications, cryptocurrency asset custody issues, comparisons between physical and cash redemption mechanisms, and the feasibility of registered investment companies investing in digital asset ETPs.
CoinShares also introduced its cryptocurrency ETP business in Europe, managing over $6 billion in assets, offering 20 publicly listed ETP products covering 13 digital assets and 3 digital asset indices.
Singapore Monetary Authority: Projects issuing tokens with core members residing in Singapore need to obtain a DTSP license, even if the issuing entity is established overseas.
Odaily Planet Daily News: The Monetary Authority of Singapore (MAS) stated in a document on May 30 that even if crypto projects issue tokens through offshore entities such as the Cayman Islands or Switzerland, as long as their core team members conduct business in Singapore (including holding citizenship or work visas and residing in Singapore), they still need to obtain a digital token service provider (DTSP) license under the Financial Services and Markets Act.
MAS stated that this type of operating model may also pose money laundering or reputational risks to Singapore, therefore the same compliance regulatory requirements will apply. The related regulations will take effect on June 30, 2025, and MAS will not provide a transition period; providing DT services without a license will constitute illegal behavior.
Investment and Financing
Scalable Capital completes €155 million in financing, led by Noteus Partners.
Odaily Planet Daily News: AI-driven portfolio management tool provider Scalable Capital announced the completion of €155 million in financing, led by Noteus Partners, with participation from Balderton Capital, Tencent, and HV Capital. Scalable Capital was founded by Erik Podzuweit and Florian Prucker in 2014 in Munich, supporting clients in investing in over 8,000 stocks, 2,500 ETFs, 3,500 funds, and cryptocurrencies. (Techfundingnews)
Avantis completes $8 million Series A financing, led by Founders Fund and others.
Odaily Planet Daily News: Base ecosystem derivatives exchange Avantis announced the completion of $8 million in Series A financing, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk; valuation information has not been disclosed. It is reported that this round of financing is expected to be completed by mid-2024, but Avantis chose to announce it now to align with the protocol's development. (The Block)
Stablecoin bank platform Limited completes $7 million seed round financing, with participation from SevenX Ventures and others.
Odaily Planet Daily News: A new generation financial technology company Limited, providing self-custody stablecoin banking services, announced the completion of $7 million in seed round financing. This round of financing is led by North Island Ventures, with participation from SevenX Ventures, Third Prime, Arche Capital, and Collab+Currency.
Limited has built a comprehensive payment platform that combines the security of self-custody stablecoins with the convenience of high-end banking services, currently covering 176 countries through iOS, Android, and web platforms. Limited has structurally reformed global banking, allowing businesses and individuals to fully control funds using self-custody wallets while enjoying high-end card privileges exclusive to traditional bank clients.
Tether strategically invests in the digital asset exchange Orionx.
Odaily Planet Daily News: According to official news, Tether announced a strategic investment in the digital asset exchange Orionx, which is also a financial infrastructure company focused on cross-border payments; the specific investment amount has not been disclosed.
Figures * Voices
Trump Jr.: After being unable to obtain banking services, the family goes all-in on Bitcoin and cryptocurrencies.
Odaily Planet Daily News: Donald Trump Jr. stated in an interview with CNBC that after being unable to obtain banking services, his family chose to go all-in on Bitcoin and cryptocurrencies. (Cointelegraph)
Multicoin Capital co-founders comment on the Ethereum Foundation's reforms today: lack of focus, conflicting goals.
Odaily Planet Daily News: Regarding the layoffs and subsequent direction proposed by the Ethereum Foundation today, Multicoin Capital co-founder Kyle Samani commented, 'Please note that the definition of 'focus' usually means 'less,' not 'more,' especially when goals should not conflict with each other. However, when we look at it from the perspective of Goal 3 (i.e., L1 and L2 network expansion, improving user experience), Goal 1 (i.e., layoffs) is contradictory to Goal 2 (i.e., clarifying responsibilities).'
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