Headlines

Strategy Discloses Selling 32 Bitcoins Last Week

According to market sources: Strategy sold 32 bitcoins at an average price of $77,135 last week, generating $2.5 million.

Polymarket Finalizes "Strategy Sold BTC in May" as No

Odaily Seer’s Prophet Channel monitoring shows that despite market rumors suggesting Strategy sold BTC, the prediction market on Polymarket ultimately ruled “Strategy sold BTC in May” as false, given no official statement from Strategy.

Polymarket official stated: “We are aware of the controversy surrounding this prediction market. If a clarification announcement is issued, it will be released at 1 PM ET on June 1; if no statement is made by then, it will signify that the Polymarket team will not provide any further clarifications. Regardless of whether a clarification is issued, all outstanding orders will be liquidated at 1 PM ET on the same day.”

HYPE Surges Past $75.8, Reaches New All-Time High

OKX data shows HYPE briefly broke above $75.8 this morning, setting a new all-time high, now trading at $73.4.

Industry News

Almost All of $220 Million Stolen Funds Cleared, Kelp DAO Cross-Chain Bridge Hacker Wallet Holds Only $1.7 Million

According to Arkham monitoring, approximately $220 million in unfrozen funds from the Kelp DAO cross-chain bridge attack have been almost entirely laundered by the hacker, leaving only about $1.7 million in the original attacker’s wallet. The hacker is linked to North Korea and previously launched a $292 million cross-chain bridge attack against LayerZero in April. Funds were transferred via privacy tools including THORChain, Wasabi, Tornado Cash, and Umbra. On April 20, the Arbitrum Security Council froze around $71 million in ETH—currently the only recoverable portion. LayerZero released a report on May 18, attributing the attack to the North Korean group TraderTraitor.

Radiant Capital Announces Shutdown After Failing to Recover from $51 Million Hack

The DeFi lending protocol Radiant Capital has announced its formal shutdown. The protocol suffered a hack in October 2024, resulting in losses of approximately $51 million, with attackers gaining unauthorized access through backdoor contracts deployed on Arbitrum and BNB Chain.

Additionally, Radiant Capital was previously hit by a flash loan attack earlier in 2024, losing around 1,900 ETH (approximately $4.5 million at the time). After 18 months of recovery attempts, the team confirmed they were unable to recover most stolen funds or secure new financing, stating that “there is no viable path forward for the DAO.”

TON Revives Gram Token Brand, CEO Says Network “Returns to Its Roots”

Telegram CEO Pavel Durov announced that The Open Network (TON)'s native token will be renamed Gram, reverting to the original name from the project’s early whitepaper. TON will remain the blockchain network name, while Gram will become its native currency.

Durov described this renaming as the fourth step in his “Make TON Great Again” initiative, with the full transition expected to take about three weeks; the remaining three steps have not yet been disclosed.

Project Updates

Perp DEX BULK, Backed by Solana Co-founder, Launches First Quarter Reward Program

Solana ecosystem Perp DEX project BULK announced the launch of its first-quarter reward program, with pre-deposits now open. A total of 1 million AURA (i.e., rewards) will be distributed weekly until the exchange officially launches.

Previously, BULK announced it had completed an $8 million seed round, led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko.

edgeX: EDGE Price Anomaly Due to External Manipulation, Not Platform Security Breach

edgeX issued a statement regarding the abnormal price volatility of the EDGE token, confirming that the protocol was not attacked in any form. This event was neither a hacking incident, vulnerability exploitation, nor a security flaw.

edgeX stated that current evidence indicates the anomaly resulted from deliberate manipulation of the EDGE market by external parties—a matter of market integrity rather than platform security. The team affirmed it is actively investigating with relevant exchanges and partners, and will release a comprehensive report following the conclusion of the investigation.

X Layer Partners with xStocks, OKX Wallet to Enable Tokenized Stock Assets

Official announcement reveals X Layer has entered a strategic partnership with the regulated tokenized stock issuance platform xStocks, aiming to integrate tokenized stock assets into the X Layer ecosystem and enable trading services for OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within OKX Wallet, benefiting from X Layer’s settlement infrastructure, liquidity provision, and distribution capabilities. The two parties will also introduce a rapid onboarding mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs under a compliant framework.

Funding & Investment

Keyrock Plans to Acquire Bankrupt Digital Asset Exchange and Lending Firm BlockFills for $3.25 Million

Digital asset firm Keyrock plans to acquire the bankrupt crypto exchange and lending company BlockFills for $3.25 million, pending court approval. BlockFills filed for Chapter 11 bankruptcy protection in March, reporting liabilities between $100 million and $500 million, with assets ranging from $50 million to $100 million. The acquisition will grant Keyrock access to BlockFills’ institutional client network, including hedge funds, asset management firms, market makers, and mining companies.

Regulatory Developments

U.S. Senate Resumes Debate on CLARITY Act Following This Week’s Return

Following the U.S. Senate’s return this week, the Digital Asset Clarity (CLARITY) Act has entered its next phase of consideration. Proposed by Republicans, the bill passed the House in July 2025 and expands regulatory authority over digital assets to federal commodity regulators.

The bill had already cleared two key Senate committees before adjournment but remains divided on issues including stablecoins, tokenized stocks, ethical clauses, and conflicts of interest. JPMorgan CEO Jamie Dimon stated that the banking sector would not accept the current version of the CLARITY Act, citing concerns that it permits crypto firms to pay interest on user deposits and stablecoin balances.

Voices

“New King of Crypto” Serenity: Google’s $8 Billion Financing Could Benefit AI Supply Chain Giants Like Micron and TSMC

“New King of Crypto” Serenity posted that he did not anticipate Alphabet, Google’s parent company, needing to raise capital to support an $8 billion AI capex plan, noting that the funds will be used for AI infrastructure buildout at hyperscale cloud service providers.

According to him, the financing includes a $4 billion ATM issuance plan, $3 billion in equity and related securities issuance, and a $1 billion investment from Berkshire Hathaway.

Serenity believes Alphabet’s expanded AI capex could benefit upstream supply chain players such as Lumentum (LITE), Broadcom (AVGO), MediaTek, TSMC (TSM), and Micron (MU). However, he also cautioned that such massive capex is not fully funded by free cash flow, implying potential negative impacts for Google shareholders.

Trump: Doesn’t Care if Iran Negotiations End—Oil Prices Will Drop Soon

On Monday, U.S. President Trump told CNBC: “To be honest, I don’t care if negotiations end.” When asked about reports that Iranian negotiators halted communications with the U.S. due to Israel’s military actions in Lebanon, Trump responded: “I really don’t care.” He told CNBC he would “ask” Israeli Prime Minister Netanyahu about the situation in Lebanon. He also expressed no concern over oil prices. Earlier, a report from Iranian state media caused oil prices to spike dramatically, claiming Tehran would not only halt negotiations but also vow to “completely block” the Strait of Hormuz. Trump said: “I believe oil prices will drop like a rock in just a very short time.”