TON Foundation provides a pathway to a 10-year UAE "golden visa," requiring a stake of $100,000 TON and a fee of $35,000; the UAE rejected this qualification requirement.
(The Block) reported: The TON Foundation launches the "golden visa" program, where investing $100,000 in Toncoin can grant UAE residency for 10 years.
The Open Network Foundation (TON Foundation) announced a new program: anyone who stakes $100,000 in Toncoin (TON) and pays a processing fee of $35,000 can apply for a 10-year "golden visa" in the UAE.
This program, named "TON Golden Visa," was launched in collaboration between the TON Foundation and the crypto travel company Peravel. Peravel's founder and CEO Ehsan Sattari told (The Block) on Telegram: "This is a unique and exclusive pathway to the UAE's golden visa program."
Tether plans to collaborate with Adecoagro to further expand Bitcoin mining operations in South America
According to The Block: Tether signed a memorandum of understanding with Brazilian renewable energy company Adecoagro to utilize its surplus energy to mine Bitcoin.
Stablecoin issuer Tether is expanding its Bitcoin mining business and announced it has signed a memorandum of understanding with Brazil-based renewable energy company Adecoagro to utilize its excess electricity resources for mining.
Adecoagro stated in a statement on Thursday: "In addition to monetizing remaining energy, we recognize that Bitcoin could serve as a long-term store of value asset, similar to the agricultural land we own. Therefore, we plan to gain a strategic exposure to Bitcoin on our balance sheet through this mining project."
JPMorgan's blockchain division collaborates with S&P Global to test a new carbon credit tokenization application
According to The Block, JPMorgan's blockchain subsidiary Kinexys is collaborating with S&P Global to test the carbon credit tokenization application.
JPMorgan's blockchain subsidiary Kinexys is collaborating with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry (ICR) to test its upcoming carbon credit tokenization application.
The collaboration aims to establish a unified carbon credit token ecosystem to address the issues of fragmentation and lack of transparency present in the current carbon market.
North Korean hackers use fake Zoom updates to spread the 'NimDoor' macOS malware targeting cryptocurrency companies
According to (The Block): SentinelLabs warned that North Korean hackers are using the NimDoor backdoor virus disguised as a Zoom update to attack macOS systems, stealing encrypted wallet data and passwords.
Security company SentinelLabs warned in a recent research report that a North Korean cyberattack organization is using a new type of macOS backdoor virus called NimDoor to infect Apple devices, thereby infiltrating cryptocurrency companies and stealing wallet credentials and browser passwords.
The virus is hidden in a fake Zoom update program, and the spreading method mainly takes place through the Telegram social platform. The attackers used familiar social engineering strategies: first reaching out to target users via Telegram, then scheduling a 'meeting' on Calendly to entice victims to download a malicious installation package disguised as a Zoom update. The software bypassed Apple's security detection mechanisms through 'sideloading' and successfully ran on the device.
Ethereum Community Plans to Launch On-Chain 'Time Capsule' to Commemorate the 10th Anniversary of the Network's Genesis Block
EthCC, Protocol Guild, and Shutter Network support the launch of a blockchain 'time capsule', allowing users to cryptographically store memories for 2.5 USD worth of ETH.
To commemorate the 10th anniversary of the Ethereum genesis block (which will arrive on July 30), a community-initiated Ethereum project launched an on-chain 'time capsule' this Monday, inviting users to cryptographically store artworks, memories, messages, and predictions in a smart contract, which will only be unveiled on the network's 11th birthday.
The capsule made its debut at the Ethereum Community Conference (EthCC), jointly supported by Protocol Guild and Shutter Network. Users only need to pay approximately 2.50 USD worth of ETH to submit a file, with all proceeds donated to Protocol Guild to support core Ethereum research.
Circle's stock price surges post-IPO, approaching the market cap of Coinbase and USDC
According to The Block, Ark Invest sold 415,844 shares of Circle stock on Monday, worth $109.6 million.
Cathie Wood's Ark Invest sold $109.6 million worth of Circle stock on Monday through its three exchange-traded funds (ETFs), coinciding with the stock's continued rise since its initial public offering.
Latest trading disclosures show that Ark Invest sold a total of 415,844 shares of Circle stock today. Of these, the ARK Innovation ETF (ARKK) sold 306,921 shares of Circle stock, the ARK Next Generation Internet ETF (ARKW) sold 72,302 shares, and the ARK Fintech Innovation ETF (ARKF) reduced its holdings by 36,621 shares of the stablecoin issuer's stock.
Kraken offers Bitcoin 'staking' yields through Babylon without wrapping or lending.
Kraken launches Bitcoin 'staking' feature by integrating with DeFi protocol Babylon.
According to (The Block), cryptocurrency exchange Kraken has launched Bitcoin 'staking' functionality through its new integration with DeFi protocol Babylon.
Users can hold Bitcoin on the Kraken platform and earn up to 1% annual percentage rate (APR) without bridging, wrapping, or lending.
Kraken users can directly 'stake' their Bitcoin on the platform, which is then delegated to Proof-of-Stake (PoS) networks via Babylon for security, with rewards distributed weekly in Babylon's native token BABY.
Trump made over $57 million from WLFI sales, Truth Social applied for Bitcoin and Ethereum combined ETF, etc.
Trump earned more than $57.35 million from cryptocurrency project World Liberty Financial
According to Donald Trump’s latest financial disclosure, he earned $57.35 million from the World Liberty Financial (WLFI) token sale in 2024.
The documents show that Trump holds 15.75 billion WLFI governance tokens, which gives him significant voting power as the project’s “chief crypto advocate” and honorary co-founder.
It is reported that Trump's two sons also serve as co-founders of the DeFi project, but do not hold any senior positions such as executives, directors, founders or actual operators.
XRP Ledger adopts USDC a week after Circle listing
**The Block reports: **Circle’s institutional-grade stablecoin creation platform Circle Mint and the developer-oriented Circle API now support the issuance and use of USDC on the XRP Ledger (XRPL), further enhancing USDC liquidity on the network.
The update comes a week after Circle’s listing, indicating that USDC, the world’s second-largest stablecoin (by market capitalization), is accelerating its adoption among mainstream public chains.
According to a press release from Circle on Thursday, the support for Circle Mint and Circle API means that institutions and developers can now create and integrate USDC on XRPL, driving further development of the network in the stablecoin space.
According to reports, Wall Street back-end giant DTCC is considering integrating stablecoins.
The Block reported: According to (The Information), the core institution of global financial market infrastructure—the Depository Trust & Clearing Corporation (DTCC)—is working on developing a stablecoin, marking the institution's growing interest in the digital asset space.
DTCC recently pointed out in a blog that the use cases for stablecoins are increasing, covering key applications such as corporate cross-border fund management and payment systems.
Although DTCC has not publicly responded to the news of developing stablecoins, its blog clearly states: "Stablecoins are gradually becoming an alternative settlement mechanism, demonstrating clear blockchain application value in improving payment efficiency."
Foresight Ventures report shows that over 32,000 merchants worldwide are accepting cryptocurrency payments
The Block reports: Singapore, June 6, 2025 — Leading crypto venture capital firm Foresight Ventures today released its latest research report (Beyond Payments: Building the Financial Operating System for Global Commerce). The report provides an in-depth analysis of the trend of global financial infrastructure gradually evolving towards crypto-native financial solutions.
2025 is hailed as the "Year of Stablecoins," with global merchants actively seeking more efficient and cost-effective alternatives to traditional payment systems. As the number of global cryptocurrency users reaches 660 million, merchants are accelerating their adaptation to this growing market demand.
Hyperliquid's perpetual contract trading volume reached a new high of $248 billion in May, accounting for over 10% of Binance's trading flow.
In the perpetual contract market, trading volume is seen as an important indicator of a platform's relative dominance, and Hyperliquid is gradually eroding Binance's long-held market dominance, a trend that has become increasingly evident. The following content is excerpted from The Block's (Data and Insights) newsletter.
Hyperliquid set a new monthly record for perpetual contract trading volume in May, with a total trading amount exceeding $248 billion, a 51.5% increase from April's $187.5 billion.
For reference, Hyperliquid's perpetual contract trading volume in May 2024 was only $26.3 billion, with an astonishing year-over-year growth of 843%. This explosive growth highlights its dominance in the on-chain perpetual contract sector, with its success attributed to blending CEX-level performance with native crypto infrastructure.
Sui DEX Cetus Protocol Resumes Platform After Recovering from $223 Million Exploit
Cetus Protocol is a decentralized exchange deployed on the Sui and Aptos blockchains, which resumed operations on Sunday just 17 days after suffering an attack worth $223 million.
The protocol has successfully recovered approximately $162 million in funds and has resumed operations with the help of a $30 million loan provided by the Sui Foundation. The affected liquidity pools have been restored to at least 85% of their initial value, with the remaining portion compensated in the form of CETUS tokens.
Cetus is currently pursuing legal accountability against the attacker. The attacker has rejected the settlement negotiations proposed by the protocol party and has begun attempting to launder the stolen assets.
It is reported that the Solana-based Memecoin Launchpad Pump.fun raised $1 billion through token sales
According to The Block, Pump.fun plans to sell tokens at a valuation of $40 billion, aiming to raise $1 billion.
According to Blockworks, citing anonymous sources on Tuesday, the meme coin generation platform Pump.fun, which is driving the revival of the Solana ecosystem, is planning to raise $1 billion through token sales, with a valuation as high as $4 billion.
It is reported that the tokens will be offered to both public and private investors, but the specific issuance time and platform for the tokens are currently unclear. The Block has contacted the relevant person in charge of Pump.fun to verify the news.
Pump.fun launched in early 2024 and is one of the most notable platforms in the past year. The platform allows any user to quickly and easily create and deploy tokens, and has now become the issuance and trading center for the vast majority of meme coins on the Solana chain, greatly boosting the network's revenue growth.
Morph CEO Cecilia Hsueh Resigns, Former Binance Executive Takes Over
According to The Block: Cecilia Hsueh, CEO of the Ethereum Layer 2 project Morph supported by Dragonfly, announced her resignation, with current Growth Director and former Binance executive Colin Goltra taking over.
Cecilia Hsueh, co-founder of Morph and CEO of the Ethereum Layer 2 project incubated by Bitget, announced on X (formerly Twitter) on Monday that she will resign as CEO.
"This news may be somewhat heavy, but I think it is time to formally share this decision with everyone. After careful consideration, I have decided to officially resign from the CEO position," Hsueh wrote.
This personnel change follows the announcement of the departure of Morph's other co-founder and Chief Operating Officer (COO) Azeem Khan from the project.
Cobie's ICO platform Sonar officially launches, with the first project Plasma aiming to raise $50 million, and a token valuation of $500 million
According to The Block: The Echo platform founded by Cobie has launched a new ICO public offering platform called Sonar, with Plasma as its first project.
Plasma co-founder Paul Faecks told The Block that the project will sell 10% of its total supply of XPL tokens to the public through a public sale, with a fundraising goal of $50 million.
Echo is an angel investment platform founded by well-known crypto trader Jordan Fish (better known by his online name Cobie). In February of this year, Cobie first revealed plans to build an ICO platform, and now this platform named Sonar has officially launched, with its first fundraising project being Plasma.
Sui DEX Cetus states that there is a neglected vulnerability in the open-source library used in the smart contract, which led to a loss of $223 million.
Cetus Protocol confirmed that there was a vulnerability in the open-source library used by its CLMM smart contract, which led to the theft of $223 million.
The decentralized exchange Cetus Protocol on the Sui public chain recently confirmed that a defect existed in an open-source library used by its Concentrated Liquidity Market Maker (CLMM) smart contract, which the attacker exploited to carry out an attack worth $223 million.
Cetus stated that the vulnerability originated from a method called checked_shlw in the inter_mate open-source library relied upon by its CLMM contract. This method incorrectly checked for integer overflow protection using 256 bits instead of the required 192 bits. This error allowed the attacker to inject abnormally high false liquidity, enabling repeated operations to extract funds from the pool with minimal tokens.
Senate Advances GENIUS Act, Cryptocurrency Industry Cheers for 'Historic' Stablecoin Legislation Progress
According to The Block, crypto industry leaders and supportive senators are celebrating the Senate's vote on a key stablecoin bill on Monday.
The U.S. Senate passed a procedural vote (cloture) for the stablecoin bill known as the GENIUS Act by a vote of 66 to 32.
This vote has been described as a 'historic' moment by several senators and crypto industry figures, seeing it as a way to 'ensure the dominance of the dollar.'
This groundbreaking bipartisan legislation will bring the U.S. payment system into the 21st century,” said the bill's sponsor, Republican Senator Bill Hagerty.
Vitalik Buterin suggests implementing 'partially stateless nodes' to help scale Ethereum
According to The Block, Ethereum co-founder Vitalik Buterin proposed the concept of 'partially stateless nodes,' a technology that can save storage space by only retaining a portion of selected data.
Ethereum co-founder Vitalik Buterin proposed a new roadmap this Monday aimed at addressing Ethereum's scalability issues by increasing the Layer-1 gas limit, which includes a new concept called 'partially stateless nodes.'
"Buterin wrote in a recent article: 'Aside from concerns about network security, the most common criticism regarding raising the Layer-1 gas limit is that it makes running full nodes more difficult.'
Synthetix proposes to acquire the options protocol Derive for $27 million through a token swap
According to The Block, Synthetix contributors proposed to acquire Derive (formerly Lyra) through the exchange of SNX and DRV tokens.
The valuation of this acquisition proposal is $27 million, with an exchange ratio of 27 DRV for 1 SNX.
Synthetix contributors proposed to acquire Derive (formerly Lyra), a decentralized options protocol, through the exchange of SNX and DRV tokens.
If this proposal is approved, Synthetix will acquire Derive's treasury, technology, and product portfolio, while DRV holders will receive SNX under a clear vesting plan.