Crypto Morning Report | June 4, 2025
1. Trump's eldest son clarifies: TRUMP wallet unrelated to Trump Group
Trump's eldest son stated that the TRUMP wallet developed in collaboration with Magic Eden and TRUMP Meme is not associated with the Trump Group. World Liberty Financial (WLFI) will launch the official wallet.
2. CoinShares discusses crypto regulation with SEC
CoinShares met with the SEC's special crypto working group to propose five regulatory recommendations, including digital asset ETP staking rewards and custody solutions, aimed at fostering innovation and protecting investors.
3. Standard Chartered warns: Corporate Bitcoin holdings may face sell-off risks
A report from Standard Chartered indicates that 61 listed companies hold 673,800 Bitcoins, and if the price falls below $90,000, half of these companies may sell due to losses, with MicroStrategy holding the largest share.
4. Ethereum co-founder: in talks with major sovereign funds
Consensys CEO Joe Lubin revealed discussions with a 'major' sovereign wealth fund regarding infrastructure building in the Ethereum ecosystem, predicting Ethereum may become the core of global finance, potentially surpassing Bitcoin in value.
5. Truth Social applies for Bitcoin ETF
Truth Social, under Trump, has submitted a Bitcoin ETF application to the SEC, sponsored by Yorkville America Digital, aimed at tracking Bitcoin prices.
6. Pump.fun plans to raise $1 billion, valued at $4 billion
The Solana ecosystem memecoin platform Pump.fun intends to raise $1 billion through a token sale, with a valuation of $4 billion; details on issuance are pending.
7. Sonic launches airdrop of 190.5 million S tokens
Sonic will start an airdrop in June, with the first batch of 25% available for claim, while the remaining 75% will be released linearly over 270 days in NFT form; early claims will incur a token burn penalty.
8. Sky launches SKY token staking with APY of 17.48%
Sky (formerly Maker) introduces USDS incentives for SKY token staking, currently offering an annual yield of 17.48%.
9. Polymer Labs may conduct TGE on June 10
The Ethereum interoperability protocol Polymer Labs hinted at conducting a Token Generation Event (TGE) on June 10, having previously completed $23 million in funding.
10. Binance Alpha lists Lagrange (LA)
Binance Alpha will list Lagrange (LA) for trading on June 4, allowing users to claim airdrops through Alpha points, with event details to be announced soon.
11. Metaplanet stocks lead the Japanese stock market
The Japanese listed company Metaplanet's stock trading volume reached 222 billion yen (approximately $1.51 billion), with a trading volume of 170 million shares, becoming the first in both volume and value in the Japanese stock market.
