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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.

- 21:23Cantor Equity Partners IV Files for IPOAccording to ChainCatcher, market sources report that Cantor Equity Partners IV, a SPAC entity under Wall Street investment bank Cantor Fitzgerald led by Brandon, son of U.S. Secretary of Commerce Howard Lutnick, has filed for an initial public offering (IPO). This marks its fifth SPAC (Special Purpose Acquisition Company) project, having previously reached two agreements related to Bitcoin asset reserves.
- 21:12BTC falls below $117,000According to Jinse Finance, market data shows that BTC has fallen below $117,000 and is now quoted at $116,989.01, with a 24-hour decline of 1.74%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 21:12Tesla IT Executive Appointed to Oversee Sales Operations in a Critical MomentAccording to a report by Jinse Finance, sources have revealed that as Tesla’s global sales continue to decline, the company has appointed a relatively low-profile IT executive to take charge of sales operations. The executive, Raj Jegannathan, is a senior leader at Tesla who previously focused mainly on IT and data-related matters. Sources indicate that he has recently assumed management responsibilities for sales. Some insiders believe that his role has replaced that of former North American sales head Troy Jones, who left the company earlier this month after 15 years at Tesla. According to two sources and LinkedIn information, Jegannathan does not have traditional automotive industry sales experience. It is currently unclear whether this personnel change is a temporary arrangement.