On-chain trading platform Mintify will unveil the economics of protocol tokens next week

Bitcoin mining company Bitmine announced that it will issue 2,250,000 ordinary shares to the public at $8.00 per share, raising a total of $18 million. The offering is expected to close on June 6, 2025, subject to customary closing conditions. It is reported that the proceeds of the financing will be used to purchase bitcoin. In addition, Bitmine also announced that its listing application has been approved and will begin trading on NYSE American under the symbol "BMNR".

Nasdaq-listed K-Pop media company K Wave Media (ticker: KWM) announced yesterday that it will acquire bitcoin by selling up to $500 million of shares for mergers and acquisitions and other operational purposes. KWM shares rose 132.39% on the day. The company said it will hold and optimize BTC earnings for the long term, and the strategy is partially inspired by Japan's Metaplanet and MicroStrategy. K Wave is the first media listed company to incorporate bitcoin into its core financial strategy.

According to official news, YZi Labs recently announced an investment in OneKey, an open-source hardware wallet project, with the aim of enhancing the security of global cryptoassets and promoting self-custody solutions.

The TRUMP wallet X account @TrumpWalletApp has been unfrozen. According to the information on the official website of TRUMP wallet, the wallet was jointly developed by Magic Eden and TRUMP Meme. Previously, Donald Trump Jr., Trump's eldest son, clarified in a post that the Trump Organization has no connection to this wallet product, and WLFI will launch an official wallet.

According to on-chain analyst Ember, 20,000 AAVs ($5.45 million) were transferred from the Aave founder Stani.eth address to the ParaFi Capital address, and then entered Coinbase Prime 8 hours ago. Will this be a shipment from the founder or an investment institution (ParaFi Capital is one of the investment institutions of Aave)? There are several possibilities: ◎ The founder OTC some of the coins to the institution; ◎ This is the institution's currency, just before the founder/team address....

According to Farside Investors monitoring data, FBTC net outflow 197 million dollars yesterday.

According to Cointelegraph, the M2 money supply in the United States has reached $21.86 trillion, a record high.

On June 5, California lawmakers passed a bill in the House of Representatives on Tuesday that would require the state to confiscate unclaimed crypto assets from cryptocurrency exchanges if customer accounts are inactive for three consecutive years and do not "demonstrate interest in their assets." Although the bill has sparked debate among crypto investors and has been widely opposed on social media, there is perhaps no need to worry too much. Supporters of the bill say...

1. Variational completes $1.50 million strategic financing; 2. Crypto exchange Rails completes a new round of financing of $14 million; 3. Web3 identity protocol Shards Protocol completed a $2 million financing; 4. Crypto credit startup 3Jane completed a $5.20 million seed round of financing; 5.AI gaming startup Launcher Capital completed a $4 million seed round led by a16z CSX.

According to market news, the Securities Exchange Commission postponed its decision on the Canary Spot SUI ETF application.

Variational, the Arbitrum-based peer-to-peer derivatives trading protocol, announced that it has raised $1.50 million in strategic funding from Mirana Ventures, Caladan, Zoku Ventures (formerly Superpotion) and other key partners. This round of financing follows Variational's $10.30 million seed round announced in September and the launch of a private beta on the Omni mainnet. Variational supports the Omni platform, which allows users to trade perpetual futures on hundreds of markets for free.

The US Senate has confirmed Michelle Bowman as vice-chair for regulatory affairs at the Federal Reserve.