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Share link:In this post: GameStop raised an extra $450 million, bringing its total to $2.7 billion through convertible notes. The company is using the funds to buy Bitcoin and support general operations. GameStop’s revenue fell 17% in Q1 as it shifted focus to crypto and trading cards.
Share link:In this post: Silo Finance confirms $545K loss from a smart contract exploit tied to a test leverage feature, with core contracts unaffected. SILO token drops over 11% as investors react; RSI falls below 36, indicating oversold conditions amid heightened trading activity. On the same day, Cork Protocol’s May attacker moves $11M in ETH through Tornado Cash and donates 10 ETH to Tornado Cash’s legal fund.
Share link:In this post: Anthony Pompliano announced today that ProCap BTC, LLC, has purchased another 1208 Bitcoins, accumulating a total of 4932 Bitcoins. The time-weighted average price (TWAP) for the Day 2 purchase was $105,977 per Bitcoin. The company aims to accumulate $1 billion worth of Bitcoin in partnership with Columbus Circle Capital Corp. I (CCCM).
Share link:In this post: China’s largest EV maker, BYD, trims factory shifts amid slow sales. Inventory reportedly piles up despite steep discounts. Dealers are calling for balanced production targets in the EV market.
Share link:In this post: The EU plans to let stablecoins from outside the bloc be treated the same as those made inside, aiming to close a legal gap. The ECB warns this could risk bank stability if too many people rush to cash out, especially during market stress. EU and the ECB are divided, with the commission downplaying the risks and the ECB calling for stronger international safeguards.
Share link:In this post: Trump is pushing the Senate to pass his tax bill this week to make his first-term tax cuts permanent. The US current account deficit hit $450.2 billion in Q1 2025, the highest since 2006. The White House claims the bill will reduce debt by up to $11.2 trillion by 2034.
Share link:In this post: zkLend announced it is winding down after a serious exploit led to eventual token delistings on major CEXs. The February hack drained about $9.5 million via smart-contract vulnerabilities, with the hacker allegedly losing $5.4 million of the loot to a phishing scam. The team will allocate the remaining $200,000 in its treasury to the recovery fund; the codebase is to be open-sourced.
- 06:32Analyst: ETH Strength May Signal BTC Market Share Peak as Capital Flows into Ethereum and AltcoinsAccording to Jinse Finance, crypto analyst Matthew Hyland stated that if the price of Ethereum continues to rise, Bitcoin's market dominance may have peaked. On Tuesday, Hyland posted on the X platform: "If ETH/BTC shows an upward trend and maintains strong momentum, there is a 99% chance that Bitcoin's market dominance has peaked." Over the past seven days, Bitcoin's dominance has dropped by 1.85%. Crypto trader Ash Crypto explained that this is because "capital is flowing into Ethereum and other altcoins." Generally, an increase in Bitcoin's dominance indicates that investors prefer Bitcoin over altcoins, while a decline in dominance may suggest growing confidence in the broader altcoin ecosystem. Crypto trader Cas Abbe noted that Ethereum is currently in a very clear "bull flag" pattern and is "approaching a breakout."
- 06:17Analyst: No Top Signal in Current Market, Bitcoin May Still Have Upside PotentialAccording to Jinse Finance, CryptoQuant analyst Axel Adler Jr tweeted that "The Peak Signal" only appears at major market tops, and this time the signal has not appeared, indicating that Bitcoin has not yet reached its top range.
- 05:28A Major Whale Sells Off 1.25 Billion PUMP Tokens, Profiting $3.416 MillionAccording to a report by Jinse Finance, on-chain analytics platform Lookonchain (@lookonchain) has monitored that whale account 8a5nSU spent 5 million USDC through five wallets to participate in the public sale of PUMP, acquiring 1.25 billion PUMP tokens. Five hours later, the whale sold all the tokens at an average price of $0.0067, receiving 8.416 million USDC, locking in a profit of $3.416 million and achieving a return of 68%.