rated

According to The Block, Story, which focuses on on-chain intellectual property infrastructure, has been renamed DATA Foundation, shifting its business focus to AI training data and launching the on-chain data registration and auditing platform Trace. The native IP token of Story will be migrated to the new DATA token at a 1:1 ratio, and holders do not need to take any action; specific timing and guidance will be announced later.DATA also announced a deep integration with the AI training data marketplace Kled, bringing over 1.5 billion pieces of user-contributed data into the DATA network. Through Trace, each data contribution will generate an on-chain receipt, recording the data source, authorization method, contributor consent, and payment information, supporting settlement to contributors in stablecoins or fiat currency.

On-chain data shows that as of now, the HIP-3 market has generated a total revenue of 44 million USD. Among them, 22 million USD has been allocated to HIP-3 developers, and the remaining 22 million USD is used for repurchasing HYPE tokens. HIP-3 is the market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and earn protocol revenue sharing based on market performance. The disclosed data indicates that HIP-3 has become an important source of revenue for the Hyperliquid ecosystem while continuously providing financial support for the repurchase of HYPE tokens.

Fortitude Mining Holdings and HeartSciences today announced that they have signed a definitive merger agreement to complete a business combination through an all-stock transaction.It is reported that Fortitude Mining Holdings is a vertically integrated digital asset mining platform focused on Zcash mining.The transaction is expected to be completed in the second half of 2026. Upon completion of the transaction, the merged company will continue to use the Fortitude brand and will be operated by the existing management team of Fortitude, including Fortitude CEO Andrea Childs. The new company plans to list on the NASDAQ capital market, with the stock ticker expected to be "TUDE," but it still requires NASDAQ approval.

According to official news from CoinUp, regarding recent market discussions about CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his role is solely as a project party for a project launched on the CoinUp platform.CoinUp also expressed gratitude to users, the community, and the media for their attention and supervision of CPX. In response to the recent significant short-term price fluctuations of the CPX/USDT trading pair, the platform previously announced that this fluctuation was mainly due to concentrated selling pressure from the market, and the specific reasons are currently under further investigation and verification, with updates to be provided in a timely manner based on the progress of the investigation.CoinUp emphasized that after a comprehensive security check of the platform, it has not suffered from hacker attacks, data breaches, or system vulnerabilities; the wallet system, account system, and asset custody are all in a secure and controllable state. The platform's recharge, withdrawal, and trading functions are operating normally, user assets are secure, and account data is complete, with no reported losses of user assets.CoinUp stated that it will continue to improve its risk control monitoring mechanisms, maintain market trading order, and advise users to rely on official channel information, view market fluctuations rationally, and pay attention to controlling trading risks.

According to ET News, the Central Bank Digital Currency (CBDC) experiment in South Korea is advancing to a new stage, which will achieve integration with the actual account systems of commercial banks. Participating banks are currently building the necessary infrastructure based on Naver Cloud within the testing environment designated by the central bank.This infrastructure includes electronic wallets for customers and merchants, a voucher system for executing fiscal fund payments, digital currency management tools, and a blockchain integration module. The system will ultimately be integrated with the banks' core account ledgers and smart banking services.

Coinbase CEO Brian Armstrong recently stated in an interview that the threat of quantum computing to Bitcoin has been greatly exaggerated. "This is not a problem unique to cryptocurrency; it's something the whole world needs to deal with. We are working directly with core developers to address quantum issues."

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated that the review of cryptocurrency perpetual contracts will be conducted on a "single asset" basis. CFTC staff had previously clarified this position in the advisory opinion regarding 24/7 continuous trading, and the regulator will assess the compliance of perpetual products for different underlying assets using this framework.

The official announcement from the XAUT ecosystem states that the Greater China region node will officially complete its network connection from June 15 to 20, fully integrating into the global node network, simultaneously connecting the WEFI payment system and DEO Banking digital banking, completing the critical expansion of global financial infrastructure.The core focus of this ecological upgrade is on three major tracks: global stablecoin payments, on-chain asset clearing and settlement, and one-stop digital banking services. The dual asset pledge system for USDC and USD1 will be launched simultaneously, with multiple measures running in parallel to comprehensively optimize the underlying liquidity of the ecosystem, user asset allocation efficiency, and cross-border payment flow capabilities.According to official disclosures, the network upgrade of the Greater China region node will link with Helio Protocol's global investment ecosystem resources, implement XAUT gold stablecoin payment scenarios, diversify digital financial services, and establish a global node collaborative operation system, continuously improving the underlying architecture of the global stablecoin payment network, laying a solid foundation for the digitization of gold assets, cross-border compliant payments, and the large-scale implementation of on-chain banking services.

According to the official page, Moomoo under Futu has integrated on-chain perpetual contract market data from Hyperliquid, allowing users to directly view perpetual contract trading data from the Hyperliquid platform within the Moomoo App.

Michael Saylor posted on the X platform congratulating Musk and SpaceX on completing a "historic IPO." He stated that this listing is symbolic and mentioned that "25% of the companies in Mag8 hold Bitcoin on their balance sheets."This statement continues Michael Saylor's consistent viewpoint that Bitcoin is accelerating its entry into the asset allocation systems of large technology companies and gradually becoming part of corporate treasury strategies.

The American veteran asset management company Federated Hermes announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund, which complies with the stablecoin regulatory requirements of the GENIUS Act. This fund is primarily aimed at stablecoin issuers, while also open to institutional and retail investors. Its collateral assets have a maturity of no more than 93 days, and the investment scope includes cash, U.S. Treasury bonds, and other highly liquid assets.

Investment bank TD Cowen analyst Lance Vitanza reiterated a buy rating on Bitcoin treasury company Strategy (MSTR), with a target price of $400.

According to official news, Gate stocks have now fully integrated into the VIP tier system. Users only need to hold $2,000 to easily upgrade to VIP status, enjoying a minimum exclusive trading fee of 0.023% and 1V1 customer manager service, further reducing global asset allocation costs.Gate stocks support users in trading over 10,000 mainstream U.S. market stocks and ETFs using USDT, covering major U.S. securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS. It also supports fractional share trading starting from a minimum of 0.01 shares, providing users with a more comprehensive global securities asset allocation option. With the official launch of stock trading services, Gate further connects digital assets with traditional financial markets on a unified trading platform.In addition, Gate continues to improve the VIP exclusive rights ecosystem, creating a high-end service system around multiple dimensions such as trading, wealth management, and lifestyle. Recently, the platform has successively launched VIP exclusive airdrop activities featuring Cartier jewelry, whiskey, gold, and more, as well as offering exclusive financial products, higher-level income rights, and diversified benefits such as sports event viewing and invitations to offline activities. Gate continues to organize VIP users to watch matches at Inter Milan's home ground and F1 racing venues, experiencing exclusive hospitality and the atmosphere of top-tier events, creating a richer premium experience for high-level users.

According to the official announcement, the Binance Wallet Prediction Market has officially integrated the Predict Points system, operated by Predict.fun, which is known as PP Points. Users can earn PP Points by participating in market trading, providing liquidity, holding positions, and engaging in other eligible market activities on the Binance Wallet Prediction Market.This launch supports historical PP Points retroactive calculation, which is expected to be completed by June 2, 2026, at 1 PM. Eligible historical transaction records will be automatically included, and users can view their personal points through the prediction account in the Binance App or the prediction market asset page in the Binance Wallet.

The AI service platform B.AI announced that it has completed the underlying access to MiniMax's next-generation multimodal large model M3, and it is now available for API and web access.It is reported that the MiniMax M3 model is based on the MSA sparse attention mechanism, natively supports multimodal understanding, code generation, and parsing, and has a 1M context window and long text reasoning capabilities, covering various application scenarios from dialogue to professional development. Currently, developers and users can directly access and use this model through the B.AI platform.

According to crypto journalist Eleanor Terrett, U.S. Treasury Secretary Scott Bessent reiterated today that a central bank digital currency (CBDC) will not be launched during the Trump administration. However, the House of Representatives has passed the "ROAD to Housing Act," which only includes a temporary ban on the Federal Reserve issuing a CBDC, set to expire in December 2030. The bill has not yet passed in the Senate.Senate Republican leader Thune stated that pushing for a permanent ban may face resistance from Democrats. Some House Republicans believe that the expiration of the ban may reopen the space for the Federal Reserve to explore a CBDC. Fed Chairman Kevin Warsh stated that as long as he has the authority to stop it, he will not allow the Fed to advance a CBDC.

According to The Block, the self-trading platform Hypernova built on Hyperliquid has completed a $3 million pre-seed funding round, led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, and Pivot Global. Several angel investors from the Hyperliquid ecosystem also participated in this funding round.The platform automates trader payments using smart contracts, aiming to address issues such as the lack of transparency in payment processes and profitable traders becoming liabilities for traditional proprietary trading firms. Hypernova can dynamically decide whether to push positions to the market based on the quality of traders. The platform is currently in a closed alpha phase and plans to publicly launch within the next two months.

Cryptocurrency analyst Axel Adler Jr. stated that the inflow of BTC to trading platforms and the outflow of stablecoins from trading platforms simultaneously release a "risk aversion" signal, indicating that selling pressure in the market is increasing. Data shows that the net inflow of BTC to trading platforms over the past 30 days has shifted from an extreme net outflow of 300,000 BTC at the end of March to an inflow of 103,000 BTC, meaning more BTC is being reintroduced to trading platforms in preparation for sale. During the same period, the price of BTC dropped from $80,000 to $73,700.Meanwhile, stablecoins are flowing out of centralized trading platforms at a record pace. The average net flow of stablecoins over the past 30 days has shifted from an inflow of $164 million per day at the end of April to an outflow of $153 million per day. This indicates that the liquidity available for purchasing BTC in the market is decreasing. Axel Adler Jr. pointed out that when BTC flows into exchanges while stablecoins simultaneously flow out of trading platforms, it creates an unfavorable structure of "increased supply and decreased demand," which is a typical risk aversion market condition.He believes that if the net inflow of BTC continues to exceed +100,000 BTC, the market may face a deeper correction; while stable signals would include BTC turning back to a net outflow or stablecoins flowing back into trading platforms.

Wintermute stated that the macro environment improved significantly last week, with Brent crude oil dropping 9% due to easing tensions in Iran, the 10-year U.S. Treasury yield falling to 4.5%, and U.S. stocks rising for the eighth consecutive week to reach a historic high, alleviating inflationary pressures driven by energy.However, consumer-level concerns have not dissipated, as the University of Michigan Consumer Confidence Index fell to a historic low of 44.8, and one-year inflation expectations rose to 4.8%. Meanwhile, the manufacturing PMI for May reached a four-year high, with input costs rising to their highest level since 2022, indicating a resurgence in commodity inflation.The minutes from the Federal Reserve's April meeting also signaled that "if inflation remains stubborn, further tightening of policy may occur," and the market has not fully priced in the hawkish expectations. In the tech sector, Nvidia reported "explosive" earnings: Q1 revenue reached $81.6 billion, a year-on-year increase of 85%, with data center business growth of 92%, and announced a $80 billion buyback and a 25-fold increase in dividends.More critically, its Q2 guidance has already assumed zero revenue from Chinese data centers, indicating stronger actual AI demand. However, the market reacted unusually coldly, with after-hours stock prices barely moving, reflecting that AI trading has entered a "perfect pricing" phase, where simply exceeding expectations is no longer enough to drive the market.This serves as an important warning for risk assets, including the crypto market—if AI momentum weakens, weak consumption, sticky inflation, and a potentially hawkish Federal Reserve will re-dominate market narratives. Compared to the strength of U.S. stocks, the crypto market has clearly lagged. BTC hovers around $76,000, and ETH has fallen to $2,140, neither following the rise of risk assets.In the past two weeks, over $2 billion has flowed out of BTC spot ETFs, with institutional funds noticeably cooling, and marginal risk appetite has shifted back to AI stocks rather than crypto assets. The ETH/BTC exchange rate continues to weaken, hitting a new 10-month low, while the few assets that have remained strong against the trend are HYPE, which saw a single-day ETF inflow record of $25.5 million and signs of large institutional wallets continuously accumulating.The current market structure has not completely deteriorated; long-term holders are still increasing their positions, and trading platform reserves remain low, but the capital flow that determines short-term prices is turning negative. The key support level for BTC is currently between $75,000 and $76,000; if it falls below this range, the market may quickly test the $70,000 to $72,000 area; if it holds, there is still a chance to challenge $80,000 again.

Data shows that the implied volatility of Bitcoin has dropped to 36%, reaching a nearly 8-month low, indicating that the market expects BTC to continue fluctuating in the short term. The decline in volatility itself does not represent the direction of the market, but current derivatives market data suggests that shorts may have become overly concentrated. If BTC breaks through $82,000, it could trigger a large-scale short squeeze.CoinGlass liquidation heatmap shows that a large number of BTC short positions are concentrated in the $78,000--$83,000 range. Meanwhile, BTC has failed to regain the $90,000 level for nearly 4 months, and some shorts have begun to establish stronger bearish expectations. In addition, Glassnode data shows that the 30-day options Delta Skew for BTC currently remains at 14%, indicating a significant premium for put options compared to call options, reflecting that professional traders are still more concerned about the downside risk of BTC.The current expectation for BTC to pull back to $72,000 has been partially priced in by the market, but if BTC breaks through $82,000 with increased volume, it could trigger a more intense leveraged short covering rally.