Bitlayer Collaborates with Antpool, F2Pool, and SpiderPool to Promote BitVM Adoption
According to CoinDesk, Bitcoin Layer 2 solution Bitlayer announced a strategic partnership with Antpool, F2Pool, and SpiderPool, collectively working to advance BitVM technology's practical application. These three mining pools represent 36% of the Bitcoin network's total hash rate and will support packaging non-standard transaction (NST) blocks, addressing a key bottleneck in BitVM's challenge-response mechanism. BitVM technology enables Turing-complete smart contract functionality without modifying Bitcoin's underlying protocol. Bitlayer co-founder Kevin He stated that this collaboration resolves the "last mile" challenge of on-chain verification. [The rest of the text follows the same translation approach, maintaining the structure and translating all non-technical content while preserving proper nouns and technical terms as specified.]According to The Block, zero-knowledge proof network developer Lagrange Labs announced that LA token airdrop registration will be open from May 28 to June 2. LA will serve as a utility token for paying ZK proof fees and staking, with an initial airdrop distribution of 10% of the total supply. Airdrop eligibility requires participation in the Turing Roulette game and completion of identity and uniqueness verification. The project is developed based on EigenLayer and plans to drive the entire proof ecosystem economic model through the LA token.
Coinbase Announces Trading of 8 Tokens for German Users
According to Coinbase Assets, German users can now trade 8 crypto assets on the Coinbase platform, including Rocket Pool (RPL), Reserve Rights (RSR), Pudgy Penguins (PENGU), Renzo (REZ), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE), and Layer3 (L3).
Meituan CEO Wang Xing: About 52% of Meituan's New Code Generated by AI
During tonight's earnings call, Meituan CEO Wang Xing stated that approximately 52% of their new code is currently generated by AI, with over 90% of engineering team members widely using AI coding tools. He said they will continue to increase investment in developing large language models. Wang Xing revealed that Meituan is allocating resources to infrastructure and recruiting top AI talent to "ensure the best team in China." He also mentioned that in the previous quarter, Meituan provided internal engineers with automatic code generation tools, with basic large model capabilities nearly reaching the level of GPT-4o.
YZi Labs Announces Investment in Avalon Labs to Promote Bitcoin Financial Network Expansion
YZi Labs announced its investment in Avalon Labs, which is dedicated to building a native on-chain capital market for Bitcoin. Avalon currently serves over 20,000 BTC, has more than 300,000 active users, and has a total locked value exceeding $500 million. Its Bitcoin stablecoin USDa has become the second-largest CDP project on defillama. Avalon plans to use the new round of financing to promote compliance processes and institutional business expansion, with the goal of becoming the first regulated Bitcoin on-chain financial institution.
According to Crypto In America, the US Congress's legislative process for crypto market structure and stablecoin regulation has entered the sprint stage. House Financial Services Committee Chairman French Hill announced a second full hearing on June 4 and plans to review the bill on June 10. With less than 70 days left before the August 4 legislative deadline set by former President Trump, the industry is skeptical about whether the market structure bill can be passed in time. Meanwhile, the SEC crypto working group has held 104 meetings with the industry, continuously exploring regulatory pathways and communicating with projects like Ripple about regulatory clarity and "safe harbor" mechanisms. Regarding stablecoin legislation, the GENIUS bill may pass the Senate and then be sent to the House before being signed by the President, potentially landing before the market structure bill. During this week's congressional recess, some pro-crypto legislators and officials will attend the Bitcoin conference in Las Vegas. The conference will feature speakers including Vice President J.D. Vance, Senators Lummis and Hagerty, Michael Saylor, and members of the Trump family.
Base head Jesse Pollak recently stated that Base is advancing its network to achieve "fastest (targeting 200ms), lowest fees (<$0.01), and high throughput (200 TPS)" and gradually decentralizing through implementing Vitalik's Phase 1 and 2 plans. Addressing external concerns about sequencer centralization, Jesse responded that in the short to medium term, they will gradually introduce more sequencer nodes, emphasizing that the key goal is to achieve CR attributes (neutrality, preventing sandwich attacks), not solely relying on sequencer decentralization. Vitalik also pointed out that for L2, fast withdrawal and anti-censorship channels take priority over complete sequencer decentralization.
Huma Finance Launches HUMA Token and Enables Claiming and Staking
Huma Finance announced that its decentralized PayFi network HUMA is now officially online, with users able to claim $HUMA and participate in staking from 20:30 through the claim.huma.finance page. Staking will earn rewards, with PST or mPST holders receiving bonus feather points, and continuous staking for 6 months will grant Vanguard status. The claiming window will close on June 26 at 23:59 (UTC).
Strategy Purchases Additional 4,020 BTC, Year-to-Date Return Reaches 16.8%
Strategy (formerly MicroStrategy) raised $427 million through three ATM stock issuance plans and purchased 4,020 BTC between May 19 and May 25 for approximately $427.1 million, with an average purchase price of $106,237. So far this year, the company's BTC investment has achieved an annualized return of 16.8%. As of May 25, the company has accumulated 580,250 BTC, with a total investment of $40.61 billion and an average holding cost of $69,979.
Later news, Strategy's Bitcoin Purchase Cost Approaches $70,000.
SBF Receives Four-Year Sentence Reduction, Expected to Be Released by End of 2044
According to Business Insider, Sam Bankman-Fried, sentenced to 25 years for the FTX fraud case, is now expected to be released on December 14, 2044, with his sentence reduced to less than 21 years. The reduction is primarily based on "good behavior time" and participation in prison projects. Additionally, the two months he was already in custody before sentencing will be counted towards his sentence. His former partner, former Alameda CEO Caroline Ellison, has also reduced her sentence to May 2026 through a similar method.
