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Vitalik posted on platform X, stating that building index-tracking assets based on options rather than debt is worth considering and trying, using options as the foundation of DeFi instead of CDPs and liquidation mechanisms. This design can avoid the extreme price fluctuations that cause severe and global liquidation effects, allowing exposure to the index to deviate from preferred exposure in a smoother secondary manner.Its key advantage is that it does not require instant oracles and can operate based on slow oracles, which are the types of oracles used in prediction markets. The design has a clear drawback, which is the need for regular rebalancing, and it remains to be clarified whether and how rebalancing can have sufficient slippage resistance.Vitalik added that compared to relying on oracles that must provide real-time answers and may be induced to give incorrect real-time answers without human remediation time, he believes that holding algorithmic stablecoins placed within such mechanisms is safer.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $525 million, including $387 million in long liquidations and $137 million in short liquidations. Among them, the liquidation amount for BTC was $186 million (with $175 million in long positions and $11.0065 million in short positions), ETH had a liquidation of $102 million (with $88.3283 million in long positions and $13.5024 million in short positions), and SOL had a liquidation of $19.0023 million (with $18.1563 million in long positions and $0.846 million in short positions).

According to The Block, the Dogecoin (DOGE) related organization House of Doge announced a partnership with the regulated stablecoin and crypto infrastructure provider Paxos to integrate Dogecoin into its enterprise-level crypto brokerage and custody network.Paxos is the underlying blockchain infrastructure service provider for payment platforms such as PayPal, Venmo, and Mercado Libre, which rely on Paxos' capabilities to offer users the buying, selling, and custody of crypto assets.This initial phase of the partnership is aimed at enterprise clients, and it remains unclear whether it will expand to consumer applications in the future. House of Doge CEO Marco Margiotta stated that this collaboration will accelerate the accessibility of Dogecoin globally and provide a compliant access path for mainstream fintech platforms.Paxos indicated that this move aims to provide secure and compliant access to digital assets through its regulated infrastructure and support enterprise clients in expanding their crypto asset product lines.

According to CoinDesk, Japan's ruling Liberal Democratic Party has proposed the establishment of a legal framework for cryptocurrency ETF trading and the promotion of the use of yen stablecoins. A group within the party that advocates for blockchain technology has submitted the relevant proposal to Finance Minister Satsuki Katayama. The proposal states that cryptocurrency ETFs can provide investors with a more understandable way to invest.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $427 million, with long positions liquidated at $299 million and short positions liquidated at $129 million. Among them, Bitcoin long positions were liquidated at $132 million, Bitcoin short positions were liquidated at $8.1754 million, Ethereum long positions were liquidated at $61.3472 million, and Ethereum short positions were liquidated at $12.2471 million.In addition, in the last 24 hours, a total of 139,648 people were liquidated globally, with the largest single liquidation occurring on Binance - HUSDT worth $6.2878 million.

Coinglass data shows that in the past hour, the total liquidation across the network reached 91.77 million USD, with BTC liquidation amounting to 72.27 million USD and ETH liquidation reaching 7.76 million USD. In addition, short liquidations totaled 89.37 million USD, while long liquidations amounted to 2.4 million USD.

According to Fortune, the startup Mecka AI, which focuses on training data for robotic AI, announced the completion of a total financing of $60,000,000, including a $25,000,000 Series A round completed last November and a subsequent $35,000,000 follow-on financing. Both rounds were led by Framework Ventures, with participation from institutions such as Menlo Ventures, SV Angel, and Kindred Ventures.Mecka AI primarily collects human motion data through body sensors, iPhones, and custom hardware, including physical behavior data such as gestures and gait, to train robotic AI models.The company's founder and CEO, Josh Gao, stated that its core philosophy is to train robots using human behavior data rather than traditional teleoperation data, thereby enhancing the general capabilities of robots in the real world.It was introduced that Mecka AI was established in 2025 and currently has about 40 employees. The company claims that based on signed contracts, its annual recurring revenue (ARR Run Rate) is expected to reach $100,000,000, but it has not disclosed a specific client list.Vance Spencer, co-founder of Framework Ventures, stated that Mecka AI is one of the fastest-growing companies in the institution's portfolio.In the future, Mecka AI plans not only to provide training data but also to directly participate in the training and deployment of robotic models, promoting the commercialization of robots in real-world scenarios.

Recently, funds have continuously flowed into the AI infrastructure sector, significantly increasing the trading activity of computing power and data center-related assets. According to Gate market data, NVIDIA (NVDAX) is currently priced at $216.60, up 0.25% in 24 hours; Marvell Technology (MRVL) is currently priced at $205.17, up 0.82% in 24 hours. According to CoinGlass data, the NVDAX contract position on the Gate platform reached $4.08 million, with a 24-hour trading volume of $2.46 million, both ranking first in the world; the MRVL contract position reached $1.46 million, ranking among the market leaders. Relevant data indicates that AI computing power and data center infrastructure-related assets remain an important direction for capital allocation.It is reported that Gate's stock trading service has officially launched, allowing users to directly trade over 10,000 mainstream U.S. 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, providing users with a more comprehensive choice for global securities asset allocation and further bridging crypto assets with traditional financial markets. Based on a unified account system, users can achieve flexible allocation of digital assets and global securities assets on the same platform, enhancing cross-market investment efficiency.

According to Reuters, the Japanese Liberal Democratic Party's blockchain technology promotion group submitted a proposal to Finance Minister Nobuhide Katayama on Monday, suggesting that Japan promote the yen stablecoin for settlement in Asia and establish a legal framework that allows trading of cryptocurrency ETFs. The proposal points out that cryptocurrency ETFs will provide investors with an easy-to-understand investment method and calls on the government to position them as formal investment tools in the financial market.Liberal Democratic Party member Junichi Kanda stated that Japan plans to promote the yen stablecoin and blockchain innovation initiatives during the Asian Development Bank annual meeting it will host in May next year. Currently, Japan's three major banks have launched a joint issuance experiment for stablecoins with the support of the Financial Services Agency.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $285 million, with long positions liquidated at $171 million and short positions liquidated at $114 million. Among them, Bitcoin long positions were liquidated at $41.386 million, Bitcoin short positions at $6.8283 million, Ethereum long positions at $49.2504 million, and Ethereum short positions at $10.7748 million.In addition, in the last 24 hours, a total of 111,425 people were liquidated globally, with the largest single liquidation occurring on Binance - HUSDT worth $6.2878 million.

Arkham posted on the X platform, stating that market traders "Surprised-Legacy" could win $200,000 if they correctly predicted that Michael Saylor sold Bitcoin yesterday. The market has not yet settled, as the adjudicating party needs to wait for Strategy's 8-K filing to confirm whether they sold Bitcoin last week.Currently, the market shows an 11% probability that Strategy sold Bitcoin.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is 0.0066%. Among the current mainstream exchanges, the rate on Binance is 0.0053%, OKX is 0.0096%, Bybit is 0.0019%, and Gate is 0.0075%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0035%. Among the current mainstream exchanges, the rate for Binance is 0.0044%, OKX is 0.0024%, Bybit is -0.0003%, and Gate is 0.0084%.

Gold and silver opened with a narrow range of fluctuations and a slight decline. According to data from the Gate platform, silver (XAG) is currently priced at $75.85, with a 24-hour increase of 0.64%; gold (XAU) is priced at $4525.00, with a 24-hour change of -0.27%. According to Coinglass data, the 24-hour trading volume of Gate XAG contracts reached $54.8511 million, with open interest at $50.5342 million, both ranking second in the entire network; the open interest of Gate XAU contracts reached $153 million, also ranking second.Gate pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.

According to monitoring by Lookonchain, whales are accumulating BTC. Two newly created wallets withdrew 984 BTC from BitGo, worth 72 million dollars.

According to CoinDesk, South Korea's major brokerage firm Korea Investment & Securities (KIS) and the investment institution OKX Ventures under the cryptocurrency exchange OKX officially signed an agreement on May 29, with both parties investing 80 billion won (approximately 53 million USD) each to acquire 19.6% of the shares of the South Korean cryptocurrency exchange Coinone (a total of 39.2%). This transaction is still pending approval from regulatory authorities.It is reported that the total transaction amount of 160 billion won will be conducted through a combination of purchasing existing shares and subscribing to new shares. After the transaction is completed, Coinone's founder and CEO Cha Myunghun will hold 27.8% of the shares, continuing to maintain the status of the largest shareholder and retaining management control; Com2uS Holdings and its affiliates will hold 25%; Korea Investment & Securities and OKX Ventures will jointly become the third-largest shareholders.Korea Investment & Securities stated that it will rely on this equity cooperation to promote the issuance and distribution of tokenized securities (STO), expand corporate virtual asset investment clients, and develop digital asset businesses such as bulk brokerage. In addition, recently, as South Korean regulatory authorities hinted at relaxing the principle of financial asset separation, several traditional financial giants in South Korea, including Samsung Securities and Hana Bank, have been accelerating their efforts to acquire shares in virtual asset exchanges.

According to Onchain Lens monitoring, Bitwise purchased 112,158 HYPE from FalconX, worth 8.18 million USD.

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.

According to token unlocking data from the Crypto asset data platform RootData, Stable (STABLE) will unlock approximately 8,888,900 tokens on June 8th at 1 PM Beijing time, worth about 35.06 million USD.