Top 10 News This Week
1. Trump and Musk's Fallout Triggers Market Volatility link
US President Donald Trump and Silicon Valley entrepreneur Elon Musk engaged in a fierce "verbal war" on the 5th, which media described as an "epic breakup" at an "astonishing speed".
Musk, who previously spent at least $288 million supporting Republican candidates, accused Trump of being "ungrateful" during the argument and launched a public poll asking if a third party should be created for the 80% of "moderate" Americans. Donald Trump posted on social media that the simplest way to cut budgets is to terminate government subsidies and contracts obtained by Elon Musk, expressing surprise that the Biden administration has not taken related measures.
According to Coinglass data, influenced by the public falling out between Musk and Trump, the crypto market significantly declined, with BTC dropping over 3% and ETH dropping over 7% in the past 24 hours; 22,730 users were liquidated, with a total liquidation amount of $983 million, including $892 million in long liquidations.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and translating all non-proper noun text to English while preserving specific crypto and company names.]Tether CEO Paolo Ardoino stated that the company will focus on developing non-US markets, prioritizing emerging markets such as Latin America, Asia, and Africa, due to their urgent need for stable financial infrastructure, despite the current Trump administration's relatively friendly stance on crypto. Ardoino noted that with the US Senate advancing the Genius Act for stablecoins, Tether might enter the US market by issuing a new stablecoin. Additionally, the Artemis report shows that the Singapore-China corridor is the most active stablecoin flow region, accounting for 36.3%, while the US only accounts for 18.7%.
10. Research: 116 Listed Companies' Bitcoin Treasury Assets Increase to 809,100 BTC, Totaling Approximately $85 Billionlink
As of the end of May, 116 listed companies' Bitcoin treasury assets have increased to 809,100 BTC, with a total value of approximately $85 billion, growing by more than double from 312,200 BTC last year, with nearly 100,000 BTC added since April. Binance Research noted that Trump's potential election and support for crypto policies have driven this trend, while new accounting standards also allow companies to recognize BTC holdings gains. Furthermore, tokenization of real-world assets (RWA) has grown rapidly, increasing by over 260% this year to $23 billion.
Key Financing Events
- K Wave Media establishes a $500 million equity financing to advance Bitcoin reserve and infrastructure layout link
- Crypto trading platform Rails completes $14 million token financing link
- Momentum completes a new strategic financing round, valued at $100 million link
- Avantis announces completion of $8 million Series A financing link
- Stablecoin banking platform Limited announces completion of $7 million seed round financing link
- Launcher Capital announces completion of $4 million seed round financing link
- Crypto credit startup 3Jane completes $5.2 million seed round financing, led by Paradigm link
- HeyElsaAI announces completion of $3 million financing, led by M31Capital link
- On-chain staking and yield protocol HashPower completes $4 million strategic financing link
For more industry financing events, please visit crypto-fundraising.info.
