Daily Report | ChainCatcher ranks 7th in the News category of the Hong Kong iOS App Store free list; Binance will distribute 875 PFVS tokens to 204 Alpha points users
May 27 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- ChainCatcher ranks 7th in the Hong Kong iOS App Store free news category
- Upbit will list Sophon (SOPH)
- Binance announces ELDE TGE participation threshold, requiring 198 Alpha points
- Trump's eldest son will speak at the Bitcoin 2025 conference tomorrow
- Cetus releases report on theft incident, will advance LP compensation plan and strengthen security audits
- Trump Media Group denies raising $3 billion to purchase cryptocurrencies
- Binance will distribute 875 PFVS tokens to users with at least 204 Alpha points
- Stablecoin giant Circle applies for NYSE listing
"What important events have occurred in the past 24 hours"
ChainCatcher ranks 7th in the Hong Kong iOS App Store free news category
According to App Store data, the well-known blockchain media platform ChainCatcher has climbed to 7th place in the free "News" category of the iOS App Store in Hong Kong.
Upbit will list Sophon (SOPH), supporting KRW, BTC, and USDT markets.
Binance announces ELDE TGE participation threshold, requiring 198 Alpha points
Binance tweeted that the participation threshold for the ELDE TGE has been announced, requiring users to have 198 Alpha points to participate. Participating in this TGE event will deduct 15 points. The event will take place from May 27, 16:00 to 18:00.
Trump's eldest son will speak at the Bitcoin 2025 conference tomorrow
According to Bitcoin Magazine, speakers at the Bitcoin 2025 conference in Las Vegas tomorrow include: Donald Trump Jr., U.S. Senator Cynthia Lummis, BlackRock Digital Assets head Robert Mitchnick, and White House crypto affairs head David Sacks.
The Bitcoin 2025 conference runs from May 27 to 29 at the Venetian Conference Center in Las Vegas, USA.
Cetus officially released a report on the theft incident, stating that on May 22, Cetus suffered a sophisticated smart contract attack targeting the CLMM liquidity pool. Cetus took immediate measures to mitigate the impact.
The attacker exploited an undiscovered vulnerability in an open-source library, lowering the pool price to build positions in high-price areas, and utilized an overflow check flaw to inject a small amount of tokens into inflated liquidity, subsequently executing multiple liquidity removal operations to extract assets from the pool, repeatedly attacking using unchecked calculation functions, ultimately successfully stealing funds.
To jointly maintain the best interests of the entire ecosystem, with the support of most Sui validator nodes, Cetus urgently froze two Sui wallet addresses of the attacker, which contained the majority of the stolen funds. The remaining stolen funds have been exchanged and cross-chain transferred to the Ethereum mainnet by the hacker.
Cetus is working with the Sui security team and several auditing firms to re-examine the contracts and conduct multi-party joint audits to ensure the safe restoration of CLMM services after verification. At the same time, Cetus will enhance on-chain monitoring, initiate additional audits, and regularly release security reports. To compensate affected LPs, Cetus is developing a recovery plan with ecosystem partners and calling on Sui validators to support on-chain voting to expedite the return of user assets and rebuild confidence. While legal proceedings continue, Cetus is also offering the attacker a white-hat return opportunity. Cetus will soon issue a final ultimatum. Any updates will be transparently communicated to the community.
Trump Media Group denies raising $3 billion to purchase cryptocurrencies
Trump Media Group denies plans to raise $3 billion through equity and convertible bonds to purchase Bitcoin and other cryptocurrencies. The company responded, "The Financial Times clearly has some foolish authors listening to even more foolish sources."
Previously, the Financial Times cited six informed sources reporting that the group was raising $3 billion to enter the crypto market.
Binance will distribute 875 PFVS tokens to users with at least 204 Alpha points
Binance announced that it will airdrop PFVS tokens to users with at least 204 Alpha points.
The trading will begin on May 27, 2025, at 20:00 (UTC+8). Eligible Binance users with at least 204 Binance Alpha points can claim 875 PFVS tokens from the Alpha event page starting at 20:00 (UTC+8) on May 27, 2025. Claiming the airdrop will consume 15 Binance Alpha points.
Stablecoin giant Circle applies for NYSE listing
According to CoinDesk, stablecoin giant Circle has submitted an IPO application to the New York Stock Exchange, with the stock code "CRCL."
The company will issue 24 million Class A shares, of which 9.6 million shares are issued by the company, and 14.4 million shares are sold by existing shareholders, with an expected pricing range of $24 to $26 per share. Circle is the issuer of USDC, and this listing marks its further alignment with traditional financial markets.
"What are some great articles worth reading in the past 24 hours"
Binance Wallet Global Head Winson Liu: How do we achieve a fair and genuine reward mechanism?
Binance Alpha is trying to connect ordinary users with the early stages of Web3 projects through a lower participation threshold and point mechanism.
In-depth discussion on stablecoins: Is Stablecoin still a blue ocean?
Teacher Mindao has previously discussed many topics with us, including US stocks on-chain and DeFi. This time we will talk about a recent policy hotspot, which is stablecoins, possibly one of the most widely adopted products in the blockchain field.
Coinbase buying Circle? The harsh business reality behind the acquisition rumors
USDC is Coinbase's second-largest source of revenue, but due to its partnership with Circle, revenue attribution is limited. Circle controls the protocol layer, focusing on expanding the overall market value, while Coinbase wants to fully acquire USDC, achieving revenue consolidation and protocol control. If Coinbase acquires Circle, it can gain complete revenue, product synergy, and regulatory advantages. In the long run, acquisition is a reasonable and necessary strategic choice, with the key being the price.
Dialogue with Pi Ma: How can one make money if they want to invest in Memecoin?
A good launch platform can solidify your funds, allow for profits, and enable you to truly win passively.
Cetus was attacked due to a smart contract overflow vulnerability, allowing the attacker to exchange a small cost for massive liquidity, resulting in losses exceeding $230 million, with some assets already frozen and the vulnerability patched.
James Wynn: I will exit the crypto market, oh, I'm back again.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of May 27, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: ZEUS, LANLAN, BROWN, LITTLEFOOT, LYLO
The top five popular Solana tokens in the past 24 hours are: PIPE, a17, McTrump, Propaganda, moonbubu
The top five popular Base tokens in the past 24 hours are: GDUPI, QR, CLANKER, FALSENINE, DRB
