Bitcoin
Darta Logistics Plans to Acquire Up to 15,000 Bitcoins for $1.5 Billion in Stock
According to a report by Ming Pao Finance, Darta Logistics Technology (NASDAQ: RITR) announced that it has signed an acquisition agreement with a Bitcoin institutional consortium, potentially acquiring up to 15,000 Bitcoins through the issuance of company common stock, with a total upper limit of $1.5 billion. The final number of shares issued will be negotiated based on factors such as Bitcoin price, company stock price, and trading volume.
Metaplanet CEO: Plans to Raise $5.4 Billion to Accelerate Bitcoin Strategy
Metaplanet CEO Simon Gerovich announced on X platform that the company has achieved the largest equity financing in Asian history to date for Bitcoin purchases, with a financing scale of $5.4 billion, aimed at accelerating its Bitcoin strategy. Metaplanet's new goal is to reach 210,000 Bitcoins by 2027.
Analyst: Federal Reserve's Interest Rate Decision Will Determine Bitcoin's Potential to Break $112,000
According to Cointelegraph, CMC Markets analyst Carlo Pruscino stated that if the Federal Reserve cuts rates earlier than market expectations, it could potentially push Bitcoin's price to retest the psychological level of $112,000. Currently, 97.5% of market participants expect the Federal Reserve to maintain interest rates in the 4.25%-4.50% range at the June 18 meeting. The analyst noted that the US employment report will be a key indicator for the Federal Reserve's rate decision and Bitcoin's short-term trend, with Trump's uncertain tariff policy remaining an unknown factor.
Analysis: Bitfinex Bitcoin Long Positions Drop to Lowest Level Since December, May Signal Bullish Trend
According to TradingView data, the BTC/USD leveraged long positions on Bitfinex have dropped to their lowest level since December last year. Historical data shows that this indicator typically has a reverse signaling effect: long positions decrease during bull markets and increase during bear markets. For example, during the market downturn in 2022 and the pullback from $100,000 to $75,000 earlier this year, long positions significantly increased. Recently, as the price rebounded from $75,000 to over $110,000, long positions have continued to decline. Crypto analysis firm Alphractal noted that traders often misjudge market direction, leading to forced or voluntary liquidations that drive price movements in the opposite direction. The company's CEO, João Wedson, stated: "As long as Bitfinex long positions continue to decline, Bitcoin prices may continue to rise."
Bitcoin Mining Company Bitmine Announces Plan to Raise $18 Million in IPO to Purchase BTC
Bitcoin mining company Bitmine announced a public offering of 2,250,000 common shares at $8.00 per share, totaling $18 million in fundraising. The offering is expected to close on June 6, 2025, subject to customary closing conditions, with the funds intended to be used for Bitcoin purchases. Additionally, Bitmine announced that its listing application has been approved and will begin trading on NYSE American under the ticker "BMNR".
Ethereum
Ethereum Foundation Releases New Fiscal Policy: Focusing on Sustainable Development and DeFi Ecosystem Building, Reducing Annual Operating Expenses
The Ethereum Foundation (EF) has released its latest fiscal management policy, clearly stating its commitment to strengthening the Ethereum ecosystem and promoting long-term sustainability. The policy focuses on rational asset management, ensuring innovation support in the DeFi field, and managing finances with transparency and accountability. Particularly in the DeFi ecosystem, EF will enhance security and privacy protection through periodic ETH sales and deployment, promoting the development of decentralized protocols aligned with the "Defipunk" philosophy. Additionally, EF plans to gradually reduce annual operating expenses to a long-term benchmark of 5% and use fiscal funds for long-term Ethereum ecosystem support and strategic capital allocation.
Trend Research: Firmly Bullish on ETH, Purchased 61,000 Ethereum Call Options on Deribit
Trend Research posted on X platform, expressing a firm bullish stance on Ethereum and demonstrating commitment by purchasing 61,000 Ethereum call options on Deribit.
Analysis: ETH/BTC Exchange Rate Rises 30% in Past Month, Ethereum May See Breakthrough
The ETH/BTC exchange rate has been continuously rising, increasing by 30% in the past month, indicating stronger demand for Ethereum. Analysts believe that a breakthrough in the ETH/BTC exchange rate's cup and handle pattern may signal the start of a new "altcoin season". Simultaneously, the US spot Ethereum ETF has recorded net inflows for 12 consecutive days, showing growing institutional investor interest in ETH. In contrast, the spot Bitcoin ETF experienced capital outflows for three consecutive days from May 29 to June 2, totaling $1.23 billion. (Cointelegraph)
ConsenSys Founder: Ethereum is the Global Settlement Layer, Stablecoins Will Become Global Settlement Currency
ConsenSys founder and Ethereum co-founder Joseph Lubin posted on X platform, stating that Ethereum is revolutionizing value realization by providing a shared, open, programmable monetary standard. Ethereum is the global settlement layer, running continuously without interruption every 12 seconds for nearly a decade, settling over $25 trillion in value last year alone. Ethereum has the most stablecoins, real-world assets (RWA), and asset tokenization projects. It is also an asset with native yield capabilities, with built-in re-staking mechanisms and a DeFi ecosystem. Stablecoins will soon replace the US dollar as the global settlement currency, and public markets are gradually becoming aware of this. He is proud to lead a $425 million private placement for SharpLink, bringing Ethereum exposure into traditional capital markets. SBET hopes to benefit from Ethereum's native yield opportunities and showcase these advantages to the public market.
Vitalik: Ethereum Leads in CR and Security
Ethereum founder Vitalik Buterin posted on X platform: "I believe Ethereum leads in CR and security. In my view, Bitcoin also leads in some aspects (such as lower code complexity, lower protocol change rate, more full nodes, and lower RPC dependency)."
Other Projects
Sources: Trump to Launch Branded Crypto Wallet and Trading App
According to sources, Trump will launch a branded crypto wallet and trading app, encouraging his supporters to purchase MEME coins and other crypto assets.
SharpLink Gaming Completes $425 Million Private Placement, Led by ConsenSys
According to official sources, SharpLink Gaming completed a $425 million private placement, led by ConsenSys. SharpLink plans to use the proceeds to purchase ETH and make it its primary treasury reserve asset.
Tether Launches Cross-Chain Gold Stablecoin XAUt0 on TON Chain
Tether announced a collaboration with TON Foundation to launch XAUt0, a cross-chain gold stablecoin based on the LayerZero Omnichain Fungible Token (OFT) standard. XAUt0 is based on Tether's gold stablecoin XAUt, with each token backed by one troy ounce of physical gold stored in a Swiss vault. XAUt0 can freely circulate across multiple blockchains without relying on intermediate chains or asset wrapping, technically similar to the previously launched cross-chain dollar stablecoin USDT0.
CZ: Now Might Be a Good Time to Launch On-Chain Dark Pool DEX + Perpetual Contracts
CZ posted on X that, given recent events, he believes it might be a good time to launch a dark pool perpetual DEX. He has always been confused about everyone being able to see orders in real-time on DEXs. This issue is more severe on perpetual DEXs with liquidations. Even with centralized exchange (CEX) order books where orders are not associated with specific individuals, if you want to buy $1 billion worth of cryptocurrency, you typically don't want others to notice your order before it's completed. Otherwise, others might front-run your trade. On decentralized exchanges (DEXs), this could lead to MEV attacks. This can cause increased slippage, price drops, and higher costs. Therefore, large traders in TradFi use dark pools, which are typically 10 times larger than "lit pools" (normal order books). For position holders (or futures traders), it's more important not to let others know/see your orders. If others see your liquidation point, they might try to push the market to liquidate you. Even if you have $1 billion, others might unite against you. This might be what we recently witnessed. The counterargument I've seen is that increased transparency allows market makers to absorb your large orders. This might be true. I don't want to argue which is right or wrong. Different traders might prefer different types of markets. Now might be a good time to launch an on-chain dark pool-style DEX + perpetual contracts, either not showing the order book or, better yet, completely hiding smart contract deposits, or showing them much later. This should be achievable through zero-knowledge proofs or similar cryptographic technologies.
Jingbei Fang: The company has deep reserves in stablecoin underlying blockchain and smart contract foundational technologies
Jingbei Fang stated on the interactive platform that the company has deep reserves in stablecoin underlying blockchain and smart contract foundational technologies, closely participating in domestic and Hong Kong-Macau digital currency IT infrastructure construction and application scenario pilots, and closely tracking regulatory and financial institution technological practices. (Jinshi)
