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According to monitoring by GMGN, the meme coin "Binance Life" briefly surpassed a market capitalization of 700 million USD, setting a new historical high before slightly retreating. Since its launch on the evening of May 30, the token has recorded a cumulative increase of 53.8%. As of the time of writing, the market capitalization is reported to be approximately 650 million USD, with a 24-hour increase still holding at 26%. During the same period, the on-chain trading volume reached 18.4 million USD.It is reported that the brief surge in market capitalization to 700 million USD was mainly driven by a large concentrated purchase by a trader (0x82). This address purchased a total of approximately 8.1 million tokens, valued at about 4.98 million USD, making it the largest single purchase of the day; currently, its on-chain holdings have reached 5.27 million tokens.

A white hat hacker using the alias "0xflorent" stated on X on Sunday that he has helped recover approximately 1,003 ETH (worth about $2 million) from a faulty smart contract of the Hong Coin (HONG) token sale in 2016, involving 48 investors.Hong Coin was originally designed as a community-operated decentralized venture capital fund, with the token sale starting on August 29, 2016, and ending on October 28 of the same year, but it failed to launch due to not reaching its funding goal. The contract was supposed to automatically refund investors, but a vulnerability in the refund function caused the funds to be locked for nearly a decade.0xflorent collaborated with the HONG creator to exploit an administrator function with an integer overflow vulnerability, resetting the token holders' balances and triggering the refund mechanism through specific inputs, successfully extracting the locked funds. According to Etherscan data, one investor has already received a refund of 96 ETH (approximately $192,500). Previously, on May 24, 0xflorent also recovered 19.33 ETH from another failed token sale project from 2018.

According to SoSoValue data, the cryptocurrency market sectors are mixed, with the DeFi sector performing well, rising 2.43% in 24 hours. Among them, Hyperliquid (HYPE) increased by 4.14%, briefly breaking through $73 during the day, continuing to set historical highs, while LAB (LAB) rose by 21.78%.Other standout sectors include: the SocialFi sector, which rose 3.61% in 24 hours, with Toncoin (TON) increasing by 4.18%; the AI sector rose by 0.92%, with Worldcoin (WLD) increasing by 7.96%; the Meme sector rose by 0.25%, with Binance Life (币安人生) increasing by 21.61%.In other sectors, the PayFi sector fell by 0.04% in 24 hours, but Stellar (XLM) rose by 15.03%; the Layer1 sector fell by 0.35%, with Zcash (ZEC) relatively strong, rising by 5.07%; the Layer2 sector fell by 0.57%, with Linea (LINEA) rising against the trend by 2.66%; the CeFi sector fell by 2.72%, with Bitget Token (BGB) dropping by 6.00%.The cryptocurrency sector index reflecting historical market trends shows that the ssiSocialFi, ssiDeFi, and ssiGameFi indices rose by 5.41%, 1.43%, and 0.47%, respectively.

In a recent speech, the Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, revealed that the trading volume of 12 licensed virtual asset trading platforms in Hong Kong has exceeded HKD 640 billion for 2025, with the trading volume in the first quarter of this year increasing nearly threefold year-on-year.In addition, brokers engaged in virtual asset-related businesses saw their commission income related to this sector grow by over 80% year-on-year last year.

According to Infobae, 10 judicial departments in Buenos Aires Province, Argentina coordinated a large-scale operation with security forces from various locations, which included 90 simultaneous raids. The operation resulted in the arrest of 24 individuals and the seizure of over 8 million USDT and nearly 60 million dollars in cash. Additionally, 80 mobile phones, computers, tablets, and processors were confiscated.The case investigates alleged investment fraud, which is believed to have caused losses of nearly 3 billion dollars. The coordination of this operation was handled by the Crypto Assets Assistance and Coordination Group of the Buenos Aires Attorney General's Office. According to the group's report, the seized amount exceeded the previous record held by this specialized group: during the RainbowEx operation in 2024, over 2 million dollars were seized.

On-chain monitoring shows that a batch of funds suspected to be related to hacking or phishing activities has recently continued to buy Monero (XMR), with a total purchase scale of approximately 23 million dollars, significantly impacting market prices.

On-chain data shows that a whale address believed to be associated with a16z has increased its holdings of HYPE again. Since mid-April, its total purchase scale has approached 200 million dollars.

According to a report by businesswire, Nasdaq-listed Bitcoin treasury company Nakamoto announced that Chairman and CEO David Bailey spent nearly $1 million to purchase 191,448 shares of the company's common stock in the open market from May 26 to May 28.Nakamoto disclosed that it holds over 5,000 Bitcoins on its balance sheet, and as of now, David Bailey holds approximately 18.25% of the company's outstanding common stock.

According to Gate market data, U.S. stock index futures showed little change, with Dow futures down 0.25%, Nasdaq futures down 0.2%, and S&P 500 futures down 0.14%.

According to on-chain analyst Onchain Lens (@OnchainLens), a whale address withdrew 2,872 ZEC (approximately $1.66 million) from Binance. Currently, this address holds a total of 14,495 ZEC (approximately $8.35 million), with an unrealized profit of $3.367 million.

Analyst Murphy stated that by observing the "short-term capital on-chain activity weight" (i.e., the proportion of the dollar value represented by short-term chip turnover) as an on-chain indicator, we can assess the current BTC market status. This indicator reflects the latest short-term trading behaviors such as speculation, arbitrage, profit-taking, or panic selling. Currently, this weight has dropped to historically low levels, appearing only in the bottom regions of bear markets over the past 15 years, indicating a significant cooling of short-term turnover, with economic value shifting towards long-term chip accumulation. The market is characterized by low volatility, consolidation, or clear bottom features.The analyst judges that based on this, the current market may be in one of three stages: bear market bottom; secondary bottom, which may still have one last drop; or consolidation before the bull market starts. However, under rational judgment, the pre-bull consolidation can be temporarily ruled out. It is currently not recommended to fully bet on a single scenario; a diversified position strategy is advised to cope with different outcomes, as the relative position of the long-term trend has indicated that Bitcoin is near the bottom.

According to Aastocks, Hong Kong-listed company Guofu Quantum announced the acquisition of a total of 11.89 million issued shares of the decentralized social and messaging platform Luffa AI for $19.8 million (approximately HKD 154 million), and additionally invested $20 million (approximately HKD 156 million) to subscribe for a total of 10 million new shares of Luffa AI. After the transaction is completed, it will hold a 19.9% stake in Luffa AI.Luffa AI is primarily engaged in the development and operation of communication and social network products and related services based on artificial intelligence and Web3, using end-to-end encryption and distributed technology to protect user data, and providing decentralized identity, permission management, and other services as the infrastructure layer for autonomous artificial intelligence agents.

According to Lookonchain monitoring, the whale 0x7be1 is going long on NEAR. In the past 10 hours, it has opened a long position of 2.34 million NEAR (6.45 million USD) with 10x leverage, and has placed an order to continue adding 813,000 NEAR (2 million USD) at 2.46 USD.

According to market data, ESPORTS has dropped over 90% in the last hour, with a market value now at 33 million USD.Additionally, according to on-chain analyst Yu Jin's monitoring, multiple associated addresses of ESPORTS project parties have been selling ESPORTS tokens on the BSC chain. Since 18:18, these addresses have sold 178 million ESPORTS, exchanging them for 19,049 BNB, worth 12.76 million USD. This behavior has caused ESPORTS to drop over 90% in the last 2 hours.

According to Onchain Lens monitoring, a wallet suspected to be related to IOSG Ventures (@IOSGVC) deposited 2.7 million UNI (worth $9.23 million) and 114,000 COMP (worth $2.3 million) into Binance. The wallet has realized a loss of $33.08 million on UNI and a loss of $6.68 million on COMP.Ten months ago, the wallet withdrew 5.41 million UNI (worth $5.153 million) and 228,000 COMP (worth $1.129 million) from Binance. Currently, the wallet still holds 2.7 million UNI (worth $9.23 million) and 114,000 COMP (worth $2.29 million).

According to analyst Darkfost (@Darkfost_Coc) in a social media post, since May 16, the weekly average inflow of BTC on Binance has increased from 378 coins to 1,190 coins, growing more than three times in 10 days. On May 18, the daily inflow exceeded 3,600 coins, reaching a high level. Additionally, BTC reserves on Binance have rebounded from a low of 616,000 coins on April 24 to 632,000 coins, an increase of 16,000 coins in one month.When mainstream exchanges like Binance continue to see net inflows, it is often interpreted as a potential selling signal, as users transfer BTC to trading platforms mainly for selling, reducing positions, or defensive rebalancing. During this period, the price of Bitcoin fell by as much as 6.2%. The current market is still in a correction period influenced by tense geopolitical factors, with risk assets generally under pressure.

According to SoSoValue data, the overall cryptocurrency market remains in a state of consolidation. Bitcoin (BTC) rose by 0.33%, rebounding to above $77,000 after dropping below $75,000 over the weekend; Ethereum (ETH) fell by 0.94%, maintaining around $2,100. Additionally, the RWA sector performed well, rising 1.92% in 24 hours, with Ondo Finance (ONDO) up 3.58% and Keeta (KTA) up 7.83%.Other standout sectors include: the DeFi sector, which rose 0.15% in 24 hours, where Genius (GENIUS) surged 10.78% due to factors such as its listing on Binance for spot trading; Hyperliquid (HYPE) rose 1.73%, breaking through $64 during the session and continuing to set new historical records; the CeFi sector rose 0.03%, with Aster (ASTER) up 3.36%.In other sectors, the Layer1 sector fell 0.08%, but Zcash (ZEC) rose 2.33%; the PayFi sector fell 0.54%, while Monero (XMR) surged 2.75% during the session; the Meme sector fell 1.09%, with Banana For Scale (BANANA) rising 6.62% against the trend; the Layer2 sector fell 2.08%, with Stacks (STX) relatively strong, rising 0.28%; the NFT sector fell 4.18%, with Audiera (BEAT) down 13.04%.The cryptocurrency sector index reflecting historical market performance shows that the ssiCeFi index rose 0.04%, while the ssiAI and ssiDePIN indices fell by 9.29% and 6.36%, respectively.

Vitalik revealed in a post on X this morning that nearly 90% of his net worth is in ETH, with the remaining majority being about 40 million dollars in on-chain fiat, each dollar of which has already been allocated to certain open-source biotechnology, software, or hardware projects.