Portal Ventures: Established crypto players like Chainalysis will acquire smaller companies

Jack Zhang, co-founder of Airwallex, a corporate payments and finance platform, took to social media to question the usefulness of stablecoins in cross-border transactions with mainstream currencies. Zhang pointed out that in transactions between G10 currencies, the existing banking system has been able to transfer funds in real time at a cost of less than 0.01%, and stablecoins are difficult to provide a more competitive solution. He believes that the cost of off-market transactions from stable...

Binance issued the 31st proof of reserve (snapshot date June 1). The net balance of user BTC assets is about 593,000, down 1.82% from the previous month (May 1), down 10,900, and the BTC ratio is 102.13%; the net balance of user ETH assets is about 5.337 million, up 1.05% from the previous month, up 55,000 ETH, and the ETH ratio is 100%; the net balance of user USDT assets is 28.83 billion, down 0.77% from the previous month, down 223 million USDT, and the USDT ratio is 101.52%.

According to the official announcement, Binance is expected to suspend the token deposit and withdrawal business of the Stratis (STRAX) network on June 11, 2025 at 18:00 (East 8th District Time) to support its network upgrade and hard fork. This move is designed to provide users with a high-quality experience. The project will carry out network upgrades and hard forks at block height 2,587,200 (expected at 19:00 East 8th District time on June 11, 2025).

According to Coinglass data, the net inflow of crypto spot funds in the past 24 hours is as follows: BTC net inflows 38.92 million USD; Net inflow of USDT 34.26 million USD; TAO net inflow 3.39 million USD; USDC net inflow of $2.96 million; Net inflows of XLM 2.50 million USD. The net outflow of crypto spot funds is as follows: Net outflow of ETH 39.72 million USD; PEPE net outflow 15.93 million USD; DOGE net outflow 11.73 million USD; Net outflow of TRX 9.46 million USD; Net AO outflow 8.56 mil...

The market shows that BNB broke through $650 and is now quoted at $650.03, a 24-hour increase of 0.19%. The market fluctuates greatly. Please do a good job in risk control.

On the afternoon of June 8 local time, US President Trump told the media before boarding the "Air Force One" in New Jersey that there are "violent elements" in Los Angeles, "who also spit and throw things at law enforcement officers," but they "spit and get beaten up," and "they can't get away with it." When asked if he planned to send troops to Los Angeles, Trump responded, "We will deploy troops everywhere, and we will never allow the country to be torn apart, and we will not repeat the mistak...

According to the official disclosure, the Australian Monochrome spot bitcoin ETF (IBTC) disclosed that as of June 6, the position has reached 675 bitcoins, and the market value of the position is about 107 million Australian dollars.

The dollar index DXY fell below 99, down 0.22% during the day.

According to Golden Ten Data, the Federal Reserve recently announced that Michael Horowitz will be the new inspector general of the Federal Reserve. Horowitz succeeds Mark Bialek, who has held the position since 2011 and retired in April this year. As the inspector general of the Federal Reserve, he is also responsible for independent supervision of the Consumer Financial Protection Bureau (CFPB). His previous position was the inspector general of the Department of Justice (IG). The Federal Rese...

According to official news, the first season of Sonic Labs airdrops is coming to an end, and users can still earn rewards and additional points for the second season of airdrops through its ecosystem project Shadow Exchange. It is reported that users who hold $SHADOW and $x33 can earn passive Sonic points. At the same time, Shadow offers a variety of high-APY high-rate liquidity mining pools, and users will also earn airdrop points by participating in its liquidity pledge mining. The second seas...

Alex Thorn, head of research at Galaxy Digital, said in a post that concerns about bitcoin treasury companies and their debt could be a problem are overblown. He pointed out that the overall size of these companies' debt is not large, and most of the debt will not mature until more than two years in the future. According to Galaxy Research's data chart, as of May 2025, $650 million due July 2024, $500 million due September 2024, and $1.05 billion due February 2025 have been successfully repaid. ...

According to official news, Ripple announced the launch of a grant program with Web3 Salon, which intends to provide $200,000 support for each selected project. Web3 Salon was initiated by the Japan External Trade Organization (JETRO) and the Asia Web3 Alliance Japan. The areas of this grant mainly cover DeFi, RWA and digital payment. Ripple will directly manage the grant process.