1. Notcoin surged more than 70% in a single day, breaking through $0.029 and setting a new record! The trading volume crushed Bitcoin, and the market value exceeded SUI, FLOKI, and MKR to become the 52nd largest token

Notcoin, a Telegram game based on the public chain TON, was listed on 18 exchanges including Binance, OKX, Bybit, etc. in mid-May. Unexpectedly, it fell all the way after the launch. Although it rebounded slightly to $0.0088 on May 27, it has not ushered in a major market. It has been rising from the lowest of $0.0116 on June 1st. At around 1:00 a.m. today, it reached a high of $0.0294, setting a new record high. The increase in two days once exceeded 150%; it has fallen back at the time of writing, and is now at $0.0246.

It is worth noting that the contract and spot trading volume of Notcoin has even surpassed that of Bitcoin. As of press time, the contract trading volume of NOT reached 3.3 billion US dollars in the 24 hours, while BTC was only 3 billion US dollars. Even though the community calls it the top meme coin on the TON public chain, some analysts still cannot understand why NOT can attract such a huge trading volume and attention in such a short period of time, and they all say "It's too exaggerated!"

The skyrocketing price of the coin has also brought NOT's market value to US$2.4 billion, making it the 52nd largest token, closely following the L2 solution OP and surpassing well-known projects such as SUI, MKR, and FLOKI.

2. Meme coin GME rose 239.9% in 24 hours, possibly driven by the post about GME stock holdings disclosed by Roaring Kitty

On June 3, Coingecko data showed that the price of Meme coin GME is currently $0.0127, with a 24-hour increase of 239.9%.

Earlier news, YouTube anchor "Roaring Kitty", who once helped drive the stock price of GameStop soared, posted on the Reddit platform again after three years, allegedly showing that he bought 5 million shares of GME for $115.7 million and invested $65.7 million in call options, betting that the price of GME would reach at least $20 per share on June 21. The screenshots clearly show that he made a profit of more than $9.3 million on his GME holdings and lost nearly $2.5 million on call options.

3. A smart money address opened a GME position in late May and has made a floating profit of about $300,000, with a current return rate of 1346%.

According to @ai_9684xtpa’s monitoring on June 3, affected by the re-activation of Roaring Kitty, the Ethereum network GME has risen nearly 10 times in the past six hours. Smart money 0x8bd...ac6a2 has made a floating profit of about $300,000 from the GME positions he opened between 05.17 and 05.30. He once spent 6.12 ETH (about $23,000) to buy 8.48 billion GME at a cost of $0.000002728. He has not yet transferred or sold it, and the current return rate is as high as 1346%.

4. Sun Yuchen applies to dismiss the SEC lawsuit: the United States lacks jurisdiction over Tron

Tron Foundation Limited, BitTorrent Foundation Ltd., Justin Sun, and Rainberry, Inc. (the predecessor of BitTorrent) recently (5/30) filed a motion to dismiss against the U.S. Securities and Exchange Commission (SEC), alleging that the SEC's lawsuit is too general and lacks specific factual support, attempting to apply U.S. securities laws to foreign entities and activities that have only tenuous ties to the United States.

Justin Sun files motion to dismiss against SEC, questions legal basis

Justin Sun believes that the US lacks jurisdiction because it is not provided to US residents

The defendants believe that the SEC's allegations are vague and fail to provide specific facts to support their claims.

The case is expected to be concluded before September

However, we still have to wait for the court's decision. Sun Yuchen's case will also have an impact on a wide range of cryptocurrency issuers, further limiting or expanding the SEC's jurisdiction over overseas entities. The SEC will respond by June 28, and Sun Yuchen will respond again on July 26. It is expected that the judge will announce the result before September this year.

5. Trump opens Bitcoin Lightning Network donations! Skybridge Capital founder criticizes Biden's cryptocurrency stance

According to Bitcoin Magazing, former US President Donald Trump has become the first US presidential candidate to accept campaign donations via the Bitcoin Lightning Network. Trump's campaign team has partnered with Open Node, a well-known Bitcoin and Lightning Network infrastructure provider. Supporters can now use Bitcoin through the Lightning Network to donate to Trump's 2024 presidential campaign.

6. Velocore was hacked and lost $6.88 million in ETH! User liquidity is reduced to zero

Velocore, a decentralized trading platform deployed on the Layer2 network zkSync and Linea, was hacked yesterday (2), with a loss of 1,807 ETH (about $6.88 million).

On-chain analyst Yu Jin said that the liquidity funds of all users on the platform were stolen. The hacker then transferred the stolen funds to the Ethereum mainnet through a cross-chain bridge, transferred all ETH to the 0xe40 address, and used the mixer protocol Tornado to hide and launder the funds.

In addition, according to data from DeFi data platform DefiLlama, after Velocore was hacked, its total locked value plummeted from US$10.16 million the previous day to US$835,000, a drop of 92%.

Compensation to users will be granted only after operations are restored

In response to this hacker attack, the Velocore team said that they are actively tracking down the hacker and are also trying to negotiate with the hacker on the chain. Velocore communicated with the hacker on the chain and showed that if the hacker returns the remaining funds by 4 pm on June 3, the team is willing to provide 10% of the white hat hacker bounty.

However, the hacker has not yet responded to Velocore.

On the other hand, the team also stated that it would provide compensation to those affected and took a snapshot of the block status before the attack. However, the compensation plan will not be implemented until Velocore resumes operations.