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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.
- 16:25Cross-chain interoperability protocol deBridge integrates TRON networkForesight News reports that the cross-chain interoperability protocol deBridge has announced its integration with the TRON network. Users can now securely and quickly transfer TRC 20 assets between TRON and more than 30 other networks, including Ethereum and Solana, via deBridge. There is no need for cumbersome intermediaries or asset wrapping, unlocking liquidity worth tens of billions of dollars. The TRON network is the world's largest stablecoin circulation hub. Traditional cross-chain bridging solutions often face bottlenecks in speed, security, and user experience. The integration of deBridge provides users with "second-level settlement" and a Cex-like experience, unlocking new liquidity pathways for Tron DeFi.
- 16:25Plasma announces partnership with Wildcat to build a transparent private credit layerForesight News reported that the Plasma Foundation has announced a partnership with the decentralized credit market WildcatFi to build a transparent private credit layer on Plasma. This aims to support short-term credit required for real-time clearing and promote the development of a new global financial system. Wildcat is a customizable unsecured credit protocol for institutions, which has facilitated over $165 billions in credit transactions and supports short-term lending models that are not possible in traditional markets, including "overnight" markets that meet T+0/T+1 settlement. Plasma stated that payment financing is crucial for both traditional and stablecoin infrastructures and can accelerate the development of the global payments industry. Wildcat will be the launch partner when the Plasma mainnet beta goes live.
- 16:25Arbitrum multi-signature wallet deposited 13.105 million ARB to a certain exchange 45 minutes agoForesight News reported, according to Ember monitoring, a multisig wallet on Arbitrum deposited 13.105 million ARB (worth approximately $6.91 million) to a certain exchange 45 minutes ago. This wallet received 250 million ARB from the Arbitrum DAO treasury wallet 10 months ago, and began gradually transferring ARB to the exchange 3 months ago. Currently, the wallet has transferred a total of 38.434 million ARB (worth approximately $16.68 million), with an average price of $0.43.