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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.
- 05:32ETH surpasses 3,800 USDAccording to Jinse Finance, market data shows that ETH has surpassed $3,800 and is currently trading at $3,801.5, with a 24-hour increase of 1.5%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 05:02Blockchain infrastructure company DSRV completes KRW 16 billion Series B funding roundAccording to Jinse Finance, South Korean blockchain infrastructure service provider DSRV has announced the completion of a 16 billion KRW (approximately 11.6 million USD) Series B funding round, with participation from Korean investment institutions such as Intervest and NH-SK Securities. The company also plans to conduct a new round of financing with several financial institutions by the end of next month. DSRV holds a Virtual Asset Service Provider (VASP) license and is preparing for an IPO and the release of an SOC report. The new funds are intended to support the integration of traditional and digital assets, as well as to expand new businesses such as stablecoins and custody services.
- 04:42Suspected DeFiance Capital address purchased 30,400 ETH worth approximately $114 million within 28 hoursAccording to Foresight News, Lookonchain monitoring shows that the address starting with 0xF436 (suspected to be related to DeFiance Capital) has purchased 30,366 ETH, worth approximately $114 million, in the past 28 hours.