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Share link:In this post: GameStop raised an extra $450 million, bringing its total to $2.7 billion through convertible notes. The company is using the funds to buy Bitcoin and support general operations. GameStop’s revenue fell 17% in Q1 as it shifted focus to crypto and trading cards.
Share link:In this post: Silo Finance confirms $545K loss from a smart contract exploit tied to a test leverage feature, with core contracts unaffected. SILO token drops over 11% as investors react; RSI falls below 36, indicating oversold conditions amid heightened trading activity. On the same day, Cork Protocol’s May attacker moves $11M in ETH through Tornado Cash and donates 10 ETH to Tornado Cash’s legal fund.
Share link:In this post: Anthony Pompliano announced today that ProCap BTC, LLC, has purchased another 1208 Bitcoins, accumulating a total of 4932 Bitcoins. The time-weighted average price (TWAP) for the Day 2 purchase was $105,977 per Bitcoin. The company aims to accumulate $1 billion worth of Bitcoin in partnership with Columbus Circle Capital Corp. I (CCCM).
Share link:In this post: China’s largest EV maker, BYD, trims factory shifts amid slow sales. Inventory reportedly piles up despite steep discounts. Dealers are calling for balanced production targets in the EV market.
Share link:In this post: The EU plans to let stablecoins from outside the bloc be treated the same as those made inside, aiming to close a legal gap. The ECB warns this could risk bank stability if too many people rush to cash out, especially during market stress. EU and the ECB are divided, with the commission downplaying the risks and the ECB calling for stronger international safeguards.
Share link:In this post: Trump is pushing the Senate to pass his tax bill this week to make his first-term tax cuts permanent. The US current account deficit hit $450.2 billion in Q1 2025, the highest since 2006. The White House claims the bill will reduce debt by up to $11.2 trillion by 2034.
Share link:In this post: zkLend announced it is winding down after a serious exploit led to eventual token delistings on major CEXs. The February hack drained about $9.5 million via smart-contract vulnerabilities, with the hacker allegedly losing $5.4 million of the loot to a phishing scam. The team will allocate the remaining $200,000 in its treasury to the recovery fund; the codebase is to be open-sourced.
- 10:34Paul Chan: Promote Issuers to Expand Stablecoin Applications to Diverse ScenariosAccording to ChainCatcher, Hong Kong Financial Secretary Paul Chan Mo-po stated in his essay "A New Era for Asia" that the legislation on Hong Kong stablecoins will take effect on August 1 this year. The Hong Kong SAR government and financial regulators will strive to foster a favorable market environment, complemented by necessary regulatory measures, to encourage issuers to expand stablecoin applications across various scenarios, helping to address real pain points faced by businesses and citizens in their daily lives.
- 10:20Suspected Single Whale Recently Sold 62,289 ETH Worth Approximately $154 MillionOdaily Planet Daily reported, according to Lookonchain monitoring, a major whale has recently sold off a large amount of ETH. Wallets 0x14e4 and 0x26Bb (possibly belonging to the same whale) have unstaked and withdrawn 95,920 ETH (worth $237 million). Over the past 20 days, these wallets have deposited 62,289 ETH (worth $154 million) to CEXs and currently still hold 33,631 ETH (worth $83 million).
- 10:00Analysis: Significant Increase in Ethereum Long-Term Holder Purchases During June Consolidation Phase, Indicating Accumulation TrendOdaily Planet Daily reported that CryptoQuant analyst sunmoon released a chart showing that during the consolidation phase in June, long-term holders of Ethereum significantly increased their purchases. The accumulation volume displayed a clear divergence, indicating a strong accumulation pattern among long-term holders.