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Solana's fifth anniversary highlights the platform's booming interest, with extreme USDT volatility driven by meme coin activity and surging trade volumes.
Quick Take The venture capital fund’s former policy lead, Brian Quintenz, will be leaving as he faces Senate confirmation to become the next U.S. Commodity Futures Trading Commission chair. Miles Jennings has been general counsel at the fund for over three years and was previously a partner at law firm Latham & Watkins
Quick Take AIXBT, an AI agent that provides market commentary, lost approximately $100,000 worth of ETH in an exploit on Tuesday. The maintainer of the account said the attack gained access to the bot’s “simulation wallet” through malicious prompting.
Quick Take Ethereum continues to be the blockchain of choice for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Raydium reportedly plans to spin out a rival memecoin launch-pad to compete with Pump.fun. The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.
Quick Take EOS, the public blockchain launched in 2018 to take on Ethereum, is to be rebranded to Vaulta as it pivots to “web3 banking.” The EOS token, up 2% to around $0.52, will be swapped 1:1 for the new vaulta token beginning in May. Launched in 2018, EOS development company Block.one has had a storied legacy, including an SEC penalty related to its $4.1 billion ICO and the launch of a crypto exchange.
- 03:44ETHGlobal Announces Finalist Projects for Prague 2025June 2 news, ETHGlobal announced the list of finalists for the Prague 2025, including: blockchain game Yetris, cross-chain token sweeper DUST.OPS, travel verification project WrldMap, on-chain proof project KarmaProof, LP yield project Detox-Hook, credit loan project 0xCollateral, payment layer MCPay.fun, virtual pet project Pomodoki, AI conversation work project conduct.chat, and on-chain "garbage" cleanup project Decycle.
- 03:44Trump: If Court Rules "Liberation Day" Tariffs Illegal, U.S. May Face Tariff Threats from Other CountriesAccording to a report by Cointelegraph, Trump stated that if the court rules his "Liberation Day" tariffs illegal, it would allow other countries to use their "anti-American tariffs" to "hold the United States hostage." He warned that this could mean "the economic destruction of the United States."
- 03:44CME FedWatch: Probability of a 25 Basis Point Rate Cut in June is 4.6%According to a report by Jinse Finance, based on CME FedWatch data, there are 17 days remaining until the next FOMC meeting of the Federal Reserve. The probability of a 25 basis point rate cut in June is 4.6%, while the probability of maintaining the current rate is 95.4%. The probability of the Federal Reserve maintaining the rate unchanged until July is 73.7%, with a cumulative probability of a 25 basis point rate cut at 25.2%, and a cumulative probability of a 50 basis point rate cut at 1%.