Next, let's take a look at some specific news from last night:
1. The three major meme coins $MOTHER, $PEW, and $SKOP have doubled overnight
Concept coins: $MOTHER (+423%), $PEW (+337%), $SKOP (+289%)
2. Bybit's application for a Hong Kong virtual asset trading platform license has been withdrawn
After Bybit withdrew its Hong Kong license, all the top 10 exchanges in terms of global trading volume withdrew. Previously, OKX, Gate, and Huobi had announced their withdrawals one after another. According to information from the Hong Kong Securities and Futures Commission, only two exchanges have obtained VASP licenses: Hashkey and OSL.
3. The Uniswap Foundation postponed the UNI pledge and delegation reward related vote, and UNI once fell nearly 10%
Concept coin: UNI (-6.8%)
The Uniswap Foundation postponed the UNI pledge and delegation reward vote originally scheduled for Friday because a stakeholder discussed some issues that needed attention with the foundation and required additional due diligence for a comprehensive review. The foundation explained that it decided to postpone the vote due to the immutability and sensitivity of the proposed upgrade. Affected by this news, UNI fell rapidly in a short period of time, once falling below $10.
4. Biden vetoes a bill that benefits the crypto industry
US President Joe Biden vetoed a resolution that proposed to overturn the US SEC's controversial crypto asset accounting standard SAB 121. He said in an official statement on May 31: "Overturning the considered judgment of SEC staff in this way may undermine the SEC's broader authority in accounting practices."
SAB 121 will take effect on April 11, 2024, but has been strongly opposed by the crypto community and lawmakers. Earlier news, the bill to overturn SAB 121 was voted on by the House of Representatives and the Senate on May 8 and May 17 respectively.
5. Japanese crypto exchange DMM Bitcoin was hacked and 4502.9 BTC was stolen, with a loss of $305 million
Concept currency: BTC (-1.4%)
On May 31, Japanese cryptocurrency exchange DMM Bitcoin was hacked and lost $305 million. It is reported that 4,502.9 bitcoins were stolen from the exchange. DMM Bitcoin said it would guarantee the full amount of the stolen money. At present, all spot purchases are temporarily restricted, and customers who withdraw yen may face delays.
It is reported that this is the second largest hacker attack loss amount for Japanese cryptocurrency exchanges. In 2018, Coincheck was hacked and lost 58 billion yen.
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