Crypto Daily Brief | June 5, 2025

Global Economy and Policy

- US ADP Employment Data: 37,000 new jobs added in May, below the expected 110,000, previous value was 62,000. Trump urged Federal Reserve Chairman Powell to cut interest rates, stating Europe has lowered rates nine times.

- Federal Reserve Personnel Changes: The US Senate confirmed Michelle Bowman as the Federal Reserve’s Vice Chair for Supervision, replacing Michael Barr. She supports cryptocurrencies and is focused on easing regulatory burdens for small lending institutions.

- South Korea's New Presidential Crypto Policy: Lee Jae-myung elected as South Korea's President, promises to promote spot crypto ETFs, a Korean won stablecoin, and improve digital asset regulation while reducing specific regional blockchain regulation to encourage innovation.

Crypto Market Dynamics

- CUDIS Airdrop: Total supply of CUDIS tokens is 1 billion, with 24.75% in circulation at TGE. The first quarter airdrop is 50 million tokens, available for claiming on June 5 at 20:00, covering over 60,000 active users.

- Binance Liquidity Program: Binance launched a small-cap spot liquidity enhancement program, effective from June 9, where eligible market makers can enjoy negative fee rebates to optimize trading experience.

- Ethereum Foundation New Policy: EF reduced annual spending from 15% to 5%, increasing support for DeFi, prioritizing funding for projects meeting the “Defipunk” standard, and managing its treasury through staking and lending protocols.

- Circle IPO: Stablecoin issuer Circle completed its IPO at $31 per share, raising $1.1 billion with a valuation of $6.2 billion, stock ticker “CRCL.”

Business and Financing

- Rails Financing: Crypto exchange Rails raised $14 million in funding, with participation from Kraken, CMCC Global, among others, combining centralized execution with on-chain custody advantages.

- Vanadi Coffee Transformation: Spanish coffee chain Vanadi plans to invest $1.1 billion in BTC, intending to transform into a “BTC first” company, having already purchased 5 BTC.

- The Blockchain Group: Plans to approve fundraising of 10 billion euros at the shareholder meeting on June 10 to accelerate its Bitcoin reserve strategy.