24H Popular Cryptocurrencies and News | Trump's tariff order ruled invalid by the court; Musk is about to leave the Trump administration (5.29)

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2 days ago

24H Hot Coins and News | Trump's Tariff Order Ruled Invalid by Court; Musk Set to Leave Trump Administration (5.29)

  1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-Hour Price Change:

  • BTC: -0.93%

  • ETH: +2.26%

  • SOL: -2.01%

  • XRP: -1.16%

  • BNB: +0.53%

  • NXPC: -8.28%

  • DOGE: -1.04%

  • PEPE: +3.14%

  • TON: +11.62%

  • SUI: -1.01%

24H Price Increase Ranking (Data Source: OKX):

  • SOPH: +798.43%

  • ZBCN: +24.21%

  • MERL: +16.67%

  • SNT: +14.85%

  • UNI: +13.42%

  • MASK: +12.17%

  • TON: +11.71%

  • BANANA: +10.48%

  • GLMR: +10.02%

  • EIGEN: +8.39%

  1. On-Chain Hot Meme Top 5 (Data Source: GMGN):
  • B2

  • KOGE

  • B

  • PORT3

  • SOPH

  1. 24H Hot Search Coins

SOPH: SOPH is the official token of Sophon, a consumer-oriented entertainment blockchain built using ZK Stack and collaborating with applications across multiple fields. The project had its TGE on May 28, with a current market cap of $124 million.

ZBCN: ZBCN is the official token of Zebec, a decentralized infrastructure network for the flow of value in the real world. The token has increased by 24% in the past 24 hours, with a current market cap of $422 million.

Headlines

Trump's Tariff Order Ruled Invalid by U.S. International Trade Court

The U.S. International Trade Court ruled on Wednesday that Trump did not have the authority to impose broad tariffs on global goods under the economic emergency law, a ruling that may risk the collapse of his core trade war policies, with some related tariff measures also deemed invalid.

Musk Announces He Will Soon Leave Trump Administration

Musk: As my time as a special government employee (for Trump) comes to an end, I want to thank President Trump for giving me this opportunity to cut wasteful spending. The mission of DOGE will only strengthen over time, as it will become a way of life for the entire government.

Market News: BlackRock Plans to Purchase 10% of Circle Internet's IPO Shares

According to market news, BlackRock plans to purchase 10% of Circle Internet's IPO shares.

Industry News

SEC Releases Agenda and Attendees for "DeFi and the American Spirit" Roundtable

The U.S. Securities and Exchange Commission (SEC) crypto group has released the agenda and list of attendees for its "DeFi and the American Spirit" roundtable scheduled for June 9. Official attendees include SEC Chairman Paul S. Atkins, Chief Assistant for Crypto Affairs Richard B. Gabbert, and three SEC commissioners: Caroline A. Crenshaw, Mark T. Uyeda, and Hester M. Peirce.
Invited guests come from various DeFi and crypto-native organizations, including Rebecca Rettig from Jito Labs, Paredes Strategies, Jill Gunter from Espresso Systems, Michael Jordan from DBA, Michael Mosier from Arktouros, Gabe Shapiro from MetaLeX, Erik Voorhees from Venice AI, and Professor Kevin Werbach from the Wharton School of the University of Pennsylvania.

Market News: U.S. Department of Labor Withdraws Guidance Banning Cryptocurrency in 401(k) Plans

According to market news, the U.S. Department of Labor has withdrawn its 2022 guidance warning trustees against including cryptocurrencies in 401(k) plans, which urged "extreme caution" in including cryptocurrencies in retirement plans, contrary to the Department's consistent neutral stance under the Employee Retirement Income Security Act (ERISA). Labor Secretary Lori Chavez-DeRemer criticized the previous stance as government overreach and stated that investment decisions should be left to trustees, not government agencies. With this reversal, the department has restored its neutral position—neither encouraging nor discouraging the inclusion of cryptocurrencies in retirement plans.

Federal Reserve Meeting Minutes: Participants Agree That Increased Uncertainty About Economic Outlook Makes Cautious Monetary Policy Appropriate

Federal Reserve meeting minutes: Participants unanimously agreed that increased uncertainty about the economic outlook makes cautious monetary policy appropriate. (Jin Shi)

Federal Reserve Meeting Minutes: Options Pricing Implies One to Two Rate Cuts This Year

Federal Reserve meeting minutes indicate that the implied benchmark policy path based on options prices has slightly shifted downward during this period, suggesting a potential rate cut of 1 to 2 times (25 basis points each) by the end of the year—only slightly more than the expectations during the March FOMC meeting. The implied probability distribution of year-end rates has shifted left, with significant downside risks. As the market perceives increased downside risks to policy rates, the futures market's implied expected policy path has been adjusted more significantly, indicating a potential rate cut of about 3 times before the end of the year. However, the median benchmark rate path changes shown in market expectation surveys remain largely unchanged, still indicating 2 to 3 rate cuts this year. Nonetheless, the survey indicates that the divergence among respondents regarding the most likely policy path is widening. (Jin Shi)

New York City Mayor Plans to Issue Bitcoin Bonds for New York

New York City Mayor Eric Adams plans to issue Bitcoin bonds for New York.

Pakistan Plans to Establish Bitcoin Strategic Reserves and Never Sell

Bilal Bin Saqib, Special Assistant to the Government of Pakistan and Advisor on Blockchain and Cryptocurrency Affairs, announced at the "Bitcoin 2025" conference in Las Vegas that Pakistan is establishing a national-level Bitcoin strategic reserve and stated, "We will hold these Bitcoins and never sell."

Project News

Humanity Protocol: Will Allocate $2.2 Million Worth of H Tokens to Kaito AI Ecosystem

Humanity Protocol announced on X platform that it will allocate $2.2 million worth of H tokens to the Kaito AI ecosystem, which will be fully distributed to KAITO stakers and Humanity Yappers.

Starknet Launches Rune Stablecoin Backed 1:1 by USDC Reserves

Starknet announced on X platform the launch of a rune stablecoin backed 1:1 by USDC reserves. Each USDC will be minted as a rune asset on Bitcoin, with each USDC rune supported by a fully locked 1:1 USDC reserve on Starknet, allowing users to redeem USDC in a trustless manner at the contract level through Starknet's Runes Bridge.

Circle Freezes Solana Addresses Involved in Libra Scandal, Approximately $58 Million USDC

Circle has frozen two wallet addresses related to the Solana-based Libra meme coin project and token deployer, with a total frozen amount of approximately $57.65 million USDC (approximately $44.59 million and $13.06 million), and these assets can no longer be sold or transferred. The initiator of this freeze remains controversial. The crypto law firm Burwick Law claims to have applied for a temporary restraining order in the Southern District of New York Federal Court and received approval, planning to hold a preliminary injunction hearing on June 9. Meanwhile, the plaintiff Martin Romeo claims the freeze was requested by the Argentine judiciary.

Investment and Financing

Wall Street Journal: Telegram to Raise $1.5 Billion Through Bond Trading, Investors Include BlackRock, Mubadala, and Citadel

Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debt issued in 2021 that will mature next year. Investors include existing supporter BlackRock, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel.

Stablecoin Company Conduit Completes $36 Million Series A Financing, Led by Dragonfly Capital

Stablecoin company Conduit announced the completion of a $36 million Series A financing round, led by Dragonfly Capital, with participation from Sound Ventures, Altos Ventures, DCG, and Commerce Ventures. This Series A financing brings Conduit's total funding to $53 million, although the company did not disclose the valuation for this round. Conduit's goal is to provide faster, more economical, and more reliable cross-border payment services for global enterprises, using stablecoins (a type of cryptocurrency designed to maintain value parity with the U.S. dollar) for international payment settlements, aiming to complete transactions faster than traditional banks.

Metalayer Ventures Launches $25 Million Fund to Invest in Early Blockchain Projects

Metalayer Ventures is a venture capital firm focused on cryptocurrency, led by former executives from Chainlink and Two Sigma. The firm has launched a $25 million fund to invest in early blockchain projects, with a focus on stablecoins, tokenization, and cryptocurrency infrastructure. It is reported that the fund has already supported seven companies, including AnchorZero (a platform that helps cryptocurrency founders obtain tax benefits using Roth IRAs) and Spark Capital (a new enterprise focused on stablecoin infrastructure).

Eternis, the Company Behind Freysa AI, Raises $30 Million

Freysa AI, an AI project on the Base chain, has completed a $30 million financing round, with investors including Coinbase Ventures and Selini Capital. Coinbase Ventures confirmed a direct investment in Eternis, while Selini Capital participated in the FAI token round investment. According to information from North Island Ventures' official website, the institution is an investor in Eternis, and there is also a team from Echo involved in the FAI token subscription.

Spetz Completes First Round of Private Placement Financing, Raising $7.35 Million for Sonic Ecosystem Infrastructure

Canadian listed company Spetz Inc. (CSE:SPTZ) announced that it has completed its previously announced first round of non-brokered private placement financing, issuing 14.7 million units (each unit consisting of one common share and half a warrant) at a price of $0.50 per unit, raising a total of $7,351,308.5. Each full warrant can be exercised to purchase one common share at $0.75 within 24 months.
This round of financing will be used for general operating funds, verification node expansion, and growth strategies related to Sonic blockchain infrastructure. Investors include Canaccord Genuity Financial, Haywood Securities, Sonic Labs, and others.

Voices

BlackRock: Recommends Portfolio Allocation of 2% to Bitcoin

According to Crypto Rover, a spokesperson from BlackRock, the world's largest asset management company managing $11 trillion in assets, suggested at the Bitcoin 2025 conference to allocate 2% of investment portfolios to Bitcoin.

Eugene: The Past Two Months Have Been One of the Most Difficult Trading Periods, Current Market Sentiment Remains Cautious

Trader Eugene stated that the past two months have been "one of the most difficult trading phases" he and many top traders have experienced. The macro fundamentals are bearish, coupled with severe market fluctuations, leading most traders to be stopped out or choose to wait on the sidelines during the upward movement.

Vance: Cryptocurrency Will Be the Core of Trump's Economic Agenda

At the Bitcoin 2025 conference in Las Vegas, Trump's deputy Vance reiterated the central role of cryptocurrency in Trump's economic agenda. He criticized the Biden administration for "overregulating" the crypto industry and promised to promote industry development by cutting red tape and expanding public access to digital assets.

Security Incidents

Slow Mist's Yu Xian: Beware of OSIRIS Malicious Extension, Which Can Compromise Computer Assets and Accounts via Link Replacement

Yu Xian, founder of Slow Mist, posted on the X platform, stating, "Beware of @osiris_guard, this so-called Web3 security extension, which is a malicious extension. If installed on Chrome, this malicious extension will replace links, causing well-known programs downloaded by users to turn into trojan programs, leading to computer compromise… Ultimately, this results in wallets being stolen and related key accounts being compromised. Detailed analysis is ongoing."

Cyvers Alerts: Cork Protocol Suspected of Being Attacked, Losses Approximately $12 Million

Cyvers Alerts posted on the X platform, stating that the system detected a suspected attack on Cork Protocol, with losses estimated at approximately $12 million. It is reported that the attacker deployed a malicious contract on May 28, 2025, at 11:23:19 UTC, funded by an address 0x4771…762B (possibly a service provider).

BlockSec: Monitoring Detected a Hacker Attack on Usual Protocol, Currently Paused

Blockchain security company BlockSec announced that its system detected a hacker attack on the decentralized stablecoin protocol Usual (USUAL), which is currently paused. As a result, USUAL briefly dropped by 3%.

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