Today's news tips:
Thailand Securities Commission Approves First Local Bitcoin Spot ETF
Market News: OpenAI CEO Altman has invested in more than 400 companies and holds $2.8 billion in shares
He Yi: If any Binance employee accepts bribes, please report it. If verified, a full refund will be given with bonus.
Binance to restrict EU users from using “unauthorized stablecoins”
MicroStrategy and its founder reach $40 million tax settlement with U.S. prosecutors
Binance responds to user account theft: Account freezing completed within 1 minute and 19 seconds, platform has no liability for compensation
The total net inflow of US stock Bitcoin spot ETF yesterday was US$105 million, continuing the net inflow for 15 days
Hong Kong Bitcoin ETF's net subscription volume yesterday was 461.42, setting a record for the second highest single-day net subscription in history
Regulatory News
Thailand Securities Commission Approves First Local Bitcoin Spot ETF
According to the Bangkok Post, the Thai Securities and Exchange Commission approved local asset management company One Asset Management (ONEAM) to launch a Bitcoin spot EFT, namely ONE-BTCETFOF-UI, on the 4th (local time). One Asset Management's BTC spot ETF is Thailand's first BTC spot ETF, scheduled to be issued between May 31 and June 6, with an investment risk level of eight, and its target customers are high-net-worth individuals and institutional investors.
The Japanese Financial Services Agency requires DMM Bitcoin to investigate the cause of the theft and submit a policy on compensation for customers
According to Bloomberg, on June 3rd, local time, Japanese Finance Minister Shunichi Suzuki said in response to the improper outflow of crypto assets from DMM Bitcoin: "We will completely prevent such incidents from happening again." According to the head of the Japanese Financial Services Agency, the agency has issued a report request order to DMM Bitcoin in accordance with the Funds Settlement Act, requiring it to report the cause investigation and compensation policy for customers. Earlier on May 31st, it was reported that about $300 million worth of bitcoins were stolen from DMM Bitcoin's wallet, and the platform has taken restrictive measures on some services.
AI
Market News: OpenAI CEO Altman has invested in more than 400 companies and holds $2.8 billion in shares
According to financial reports, OpenAI CEO Sam Altman has invested in more than 400 companies, with holdings worth at least $2.8 billion. It is reported that Altman's net worth recently broke the $2 billion mark. Although he does not hold shares in OpenAI and his annual salary at the company is about $65,000, Altman is one of the most prolific individual investors in Silicon Valley. Altman's investment companies include payment company Stripe, short-term rental platform Airbnb, social news forum Reddit, and Musk's brain-computer interface company Neuralink. Regulatory documents show that Altman's traceable net assets mainly include three parts: venture capital fund projects, listed projects of invested companies, and estimated investment return projects. Most of them come from investments in a series of venture capital funds, totaling up to $1.2 billion. In addition, according to the official website of Apollo Projects, Altman has $434 million in funds in the project, mainly used to invest in a "moon landing" project. Apollo Projects is a venture capital company co-founded by Altman and his brothers to invest in innovative projects with potential.
Core Scientific Signs 12-Year Contract with AI Company CoreWeave, Expected to Generate Revenue of Over $3.5 Billion
According to The Block, Bitcoin mining company Core Scientific announced a 12-year contract with AI supercomputing company CoreWeave. The contract is expected to generate an average annual revenue of approximately $290 million for Core Scientific, with total revenue exceeding $3.5 billion over the 12-year period. Core Scientific plans to provide 200 megawatts of infrastructure and transform existing sites to accommodate CoreWeave's operations. The mining company said it expects to have the sites ready for operation in the first half of 2025.
Project News
He Yi: If any Binance employee accepts bribes, please report it. If verified, a full refund will be given with bonus.
He Yi, co-founder of Binance, posted on the X platform: "If any Binance employee accepted bribes, please report it. If verified, a full refund will be given with bonuses. If it is not a Binance employee, please call the police immediately to arrest the fraud." The above remarks were in response to the PLR Web3 project claiming that a Binance employee had charged it 288,000 USDT for listing fees. The PLR Web3 project party claimed that it had paid the money but had not yet listed the currency, but He Yi said that he did not know the "Binance employee" contacted by the PLR Web3 project party, and suspected that the project had been defrauded.
The Mina Protocol network Berkeley upgrade will start at 17:00 today, with a 15-hour downtime
The lightweight blockchain protocol Mina Protocol stated on the X platform that the Mina Protocol network will undergo a Berkeley upgrade from 09:00 to midnight on June 4th UTC (i.e., starting from 17:00 on June 4th Beijing time), during which the network will be down. Users who do not run nodes do not need to perform any operations during the 15-hour upgrade process. Please note that from 17:00 on June 4th Beijing time until the upgrade process is completed, no transactions will be included in the blockchain. Any transactions not included in the chain before 17:00 on June 4th Beijing time will be discarded. After the upgrade, when the network recovers, users can resend transactions. According to previous news, the Berkeley upgrade will bring performance enhancements, leveraging Mina's design without affecting scalability or decentralization. With the advent of fully ZK-enabled smart contracts on the mainnet, an unlimited number of infrastructure and application improvements become possible. The Berkeley upgrade also includes performance improvements such as slot time reduction and validator optimization.
Ethena Labs changed the vesting period of ENA token airdrops to "weekly" without prior notice, raising questions from the community
According to user feedback in the official Ethena Discord community, Ethena Labs changed the vesting period of ENA token airdrops from monthly to weekly without notifying the community in advance, but kept the total amount unchanged, and the end date of the first season airdrop was brought forward to September 29. The Ethena Labs team confirmed the change in this clause in the face of community doubts. This matter has caused dissatisfaction among some users, who are worried that this change will affect their rights and interests, and also questioned the transparency of the project. In addition, they also asked whether it is possible to continue to choose to receive it once a month. At the same time, they said that if this problem is not resolved, they will consider withdrawing from the project. The project team claimed: "This will only affect the first 2,000 wallets that receive rewards in the fragmentation campaign, while more than 160,000 wallets that participated in the first campaign will receive rewards." But some users are not buying it. One user said that he received fewer tokens after the rule change.
Global X cuts fees on its Bitcoin and Ethereum ETPs in Europe to zero
According to the Financial Times, US ETF provider Global X ETFs said that its Global X Bitcoin and Ethereum ETP will not charge fees until January 3, 2025, after which the fee rate will become 0.29%. The two products were originally listed on the Xetra exchange in Frankfurt and the Swiss Stock Exchange in Zurich in March 2022, with a total fee rate of 0.65%. The Global X website shows that as of May 24, its Bitcoin investment tool has assets under management of approximately US$4.3 million, while the Ethereum product has assets under management of approximately US$5.7 million.
The NYSE experienced an outage in early trading on Monday, and Chainlink co-founders emphasized the importance of the oracle network
According to Cointelegraph, in early trading on Monday (June 3), several stocks with large market capitalizations, such as Berkshire Hathaway, McDonald's and Wells Fargo, plunged by as much as 99.9% due to widespread suspicion of software failures in the New York Stock Exchange's infrastructure. Extreme price fluctuations caused trading in the affected securities to be suspended, but trading in Berkshire Hathaway and other affected securities was subsequently resumed. The problem has since been resolved. In response to this incident, Chainlink's co-founder and CEO Sergey Nazarov spoke out to remind the public that the traditional financial system is vulnerable to critical vulnerabilities due to its highly centralized architecture. In an interview with Cointelegraph, he further explained how Chainlink's oracle network provides solutions to the vulnerabilities inherent in centralized systems. “The decentralized oracle networks invented by Chainlink can reduce these risks by providing accurate, tamper-proof data,” said Nazarov. “These networks aggregate data from a variety of sources and use consensus mechanisms to verify information, ensure data integrity, and prevent erroneous trades and price manipulation.” He further emphasized that integrating blockchain technology will allow real-time verification and automated responses to anomalies, significantly improving the reliability and transparency of today’s financial markets.
The dYdX Chain protocol software upgrade to v5.0 has been approved by the community and is expected to be implemented on the evening of June 6
The dYdX Foundation stated on the X platform that the dYdX community voted to upgrade the dYdX Chain protocol software to v5.0, with a voter turnout of 90%, of which 98.5% voted in favor. The software upgrade will be executed at block 17,560,000. The block is expected to be generated at 23:16 UTC on June 6, Beijing time (based on a block time of 1.009 seconds). Validators are encouraged to prepare for this upgrade, including running Slinky sidecar v0.4.6 or later. Earlier yesterday, dYdX CEO mentioned in his vision for dYdX Chain that the dYdX Chain software will support derivatives of any asset, and the first step in this regard will be in the upcoming version 5.0, which includes the unveiling of a new sovereign oracle architecture provided by Skip Protocol partners.
Wall Street Journal: Roaring Kitty may face ban from stock trading platform ETrade
YouTuber "Roaring Kitty" (Keith Gill), who helped drive GameStop's stock price soar, may be removed from retail stock trading platform ETrade, according to the Wall Street Journal. ETrade, owned by investment giant Morgan Stanley, "has become increasingly concerned that his recent purchase of GameStop (GME) shares may involve stock manipulation," according to people familiar with the matter. Kitty's long-inactive Reddit account posted a screenshot of an investment account on Sunday, which holds more than $200 million worth of GameStop shares and call options. The Wall Street Journal reported that Morgan Stanley employees have been monitoring Kitty's ETrade account since Roaring Kitty reappeared on Twitter (now X platform) in mid-May. ETrade employees "found that he bought call options before his tweets were posted" and that "Kitty's trades may have generated profits due to stock price fluctuations caused by his tweets." With the new wave of activity in GME, ETrade appears to be considering stopping Kitty's trading. According to the Reddit post, if his latest bet - that GME stock will be worth more than $20 on June 21 - proves to be true, he will make a fortune. Those who follow him will also benefit. Morgan Stanley has hired its financial crimes unit and outside counsel on the matter, but the company knows that taking action will mean "attracting the attention of his meme army," and Morgan Stanley employees are also concerned that shutting down Kitty's account may cause the firm to lose ETrade clients. According to data from investment tracker @unusual_whales on Twitter, the Roaring Kitty account has grown 48%, or about $85 million, today alone.
Binance to restrict EU users from using “unauthorized stablecoins”
Binance will restrict EU users from using "unauthorized stablecoins". EU users may no longer be able to participate in Launchpools using FDUSD. Binance issued a statement explaining what the MiCA stablecoin rules mean and how Binance will comply. The new stablecoin rules implemented by the EU Crypto-Assets Market (MiCA) framework will take effect on June 30, 2024, affecting stablecoins and the broader digital asset market across the European Economic Area (EEA). Binance will restrict EEA users from using unauthorized stablecoins, implementing phased changes and product restrictions to ensure compliance and minimize market disruption. Binance will take the approach of transitioning users from unauthorized stablecoins to regulated stablecoins as more regulated stablecoins become available on the market, thereby smoothly achieving MiCA goals.
Later in the news, Binance CEO said that any unauthorized stablecoin spot trading would not be delisted.
Binance responds to user account theft: Account freezing completed within 1 minute and 19 seconds, platform has no liability for compensation
In response to the user account theft, Binance issued a statement explaining the reason. The incident was caused by the hacker's computer being hacked, and the hacker used a plug-in to steal the account login status for operation. Binance Security Customer Service completed the account freeze in 1 minute and 19 seconds, but because the hacker used a knock-on transaction, it took time to track it down. Binance said that the attack involved malicious plug-ins installed by users, and the platform had no liability for compensation. Binance will improve system security and recommend that users only use official apps and plug-in-free browsers to visit the Binance website, and promptly exit apps and browsers involving funds. It was reported this morning that an investor claimed that he had become a "victim of an undercover in the currency circle" and that $1 million in his Binance account had "vanished into thin air."
MicroStrategy and its founder reach $40 million tax settlement with U.S. prosecutors
MicroStrategy and its founder Michael Saylor have agreed to pay $40 million to end a lawsuit over tax evasion, according to the New York Times. Prosecutors in Washington, D.C., accused Saylor of evading more than $25 million in taxes, the largest income tax fraud recovery case in D.C. history. Although Saylor and MicroStrategy deny any wrongdoing, they chose to settle to avoid the burden of litigation.
Financing News
FLOKI: DWF Labs pledges to purchase $12 million worth of FLOKI tokens to show support
According to the official FLOKI blog, Web3 investment company DWF Labs has pledged to purchase $12 million worth of FLOKI tokens to demonstrate its firm support for the Floki ecosystem. Some of the tokens will be purchased from the market, and the rest will come from the Floki treasury.
Binance will launch HIGH/TRY, PEOPLE/FDUSD and TNSR/USDC spot trading pairs on June 5
Binance will launch HIGH/TRY, PEOPLE/FDUSD, TNSR/USDC spot trading pairs at 16:00 (ET) on June 5, 2024. In addition, Binance will open trading bot services for the above trading pairs at 16:00 (ET) on June 5, 2024.
Important data
Hong Kong Bitcoin ETF's net subscription volume yesterday was 461.42, setting a record for the second highest single-day net subscription in history
According to SoSo Value data, the Hong Kong Bitcoin Spot ETF had a net subscription volume of 461.42 coins yesterday (June 3), setting the second highest single-day net subscription history except for the first day of Bitcoin ETF trading (net subscription volume of 3,910 coins). Currently, the total asset holdings of the Hong Kong Bitcoin ETF are 4,110 coins, with a daily turnover of US$3.06 million and a total net asset of US$283 million. In terms of asset size, Huaxia ETF holds 2,020 bitcoins, ranking first, while Bose Hashkey and Harvest hold 1,190 and 896.37 bitcoins respectively. (Note: Hong Kong crypto ETF supports the spot subscription and redemption mechanism. Net subscription means that the difference between the subscription amount and the redemption amount within a certain period of time is positive, that is, more purchases than sales, and vice versa for net redemption.)
Ethereum Foundation sells 100 ETH again through Cowswap, worth $370,000
According to @ai_9684xtpa, a few minutes ago, the Ethereum Foundation sold 100 ETH through Cowswap again, worth $370,000, at a price of $3,773. Currently, 370,000 DAI have been transferred to the multi-signature address 0xbC9...EfbC3, and the purpose is unknown.
The total net inflow of US stock Bitcoin spot ETF yesterday was US$105 million, continuing the net inflow for 15 days
According to SoSoValue data, yesterday (June 3, Eastern Time), the total net inflow of Bitcoin spot ETFs was $105 million. Yesterday, Grayscale ETF GBTC had a net outflow of $0.00 per day, and the current historical net outflow of GBTC is $17.902 billion. The Bitcoin spot ETF with the largest net inflow on a single day yesterday was Fidelity ETF FBTC, with a net inflow of $77.0482 million per day, and the current total net inflow of FBTC is $8.967 billion. The second is Bitwise ETF BITB, with a net inflow of $14.3145 million per day, and the current total net inflow of BITB is $1.979 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $59.42 billion, and the ETF net asset ratio (market value to total Bitcoin market value) is 4.36%, and the historical cumulative net inflow has reached $13.963 billion.
A whale deposited $5.3 million worth of PEPE tokens into Binance, making a profit of $4.82 million
According to Lookonchain monitoring, a whale just deposited 365.96 billion PEPE (about 5.3 million US dollars) to Binance for profit. He withdrew 365.96 billion PEPE (worth 494,000 US dollars at the time) from MEXC on December 13 and December 16, 2023. He turned 494,000 US dollars into 5.3 million US dollars in less than 6 months, with a profit of 4.82 million US dollars and a return on investment of 976%.
Justin Sun spent 18,000 ETH 7 hours ago to buy PTs of three LRTs expiring on June 27 to earn profits
According to @EmberCN monitoring, Justin Sun (Sun Yuchen) used the 0x7a9...095 address to spend 18,000 ETH (about 67.86 million US dollars) to buy PT of three LRTs due on June 27 7 hours ago. To earn a fixed return of about 17%~21% APY in currency. Among them, 10,000 ETH bought 10111.937 PT-weETH (1:1 exchange for weETH on June 27); 5,000 ETH bought 5,082.9 PT-pufETH (1:1 exchange for pufETH on June 27); 3,000 ETH bought 3,025.9 PT-rsETH (1:1 exchange for rsETH on June 27). After 22 days of expiration, you can get a return of about 220.7 ETH (about 830,000 US dollars).
A trader spent $2 million worth of SOL to purchase 135 million GME, becoming the fourth largest holder of GME
According to Lookonchain monitoring, someone created a new wallet and spent 12,110 SOL (US$2 million) to purchase 135 million GME at an average price of US$0.0148, becoming the fourth largest holder of GME. The purchase funds of this wallet came from Coinbase, and it owns two domain names: mubeen.sol and twitterdotcomslashspyflips.sol.
PANews APP has updated its functions, download and experience it now!
【Comment】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【Search within the article】Quickly locate and get to the core