Cryptocurrency exchange Coinbase announced on Thursday that it will add support for Ethena (ENA) and Lagrange (LA, ERC-20 token) on the Ethereum network. According to the announcement, ENA trading will commence after 9 a.m. Pacific Time on June 5th (subject to liquidity conditions), and the ENA-USD trading pair will be launched in phases. LA trading will be launched later that day, and the LA-USD trading pair will also be gradually introduced when supply is sufficient. It is worth noting that support for these two tokens may be restricted in some jurisdictions. In addition, Coinbase has included PancakeSwap (CAKE) in its listing roadmap, further enriching its token product line.
South Korea’s K Wave Media raised 500 million US dollars to bet on its Bitcoin strategy
K-wave Media (KWM), a South Korean media company listed on Nasdaq, announced that it has reached an agreement with Bitcoin Strategic Reserve KWM LLC to raise up to $500 million by selling common stocks. The funds will be used to advance the asset strategy centered on Bitcoin, supplement working capital and expand through mergers and acquisitions. KWM stated that it plans to follow the model of Japan’s Metaplanet Inc. to create a “Korean version of Metaplanet” and accelerate the integration of traditional media and crypto assets.
Consensys is suspected of increasing its holdings of ETH by 300 million US dollars, and on-chain data reveals a significant movement
According to the data from the on-chain monitoring platform Arkham ZH, the blockchain development company Consensys is suspected of conducting large-scale ETH operations. After obtaining 320 million US dollars of ETH from Galaxy Digital, the relevant address was transferred to the new address 0x0b2 and staked 120 million US dollars of ETH to Liquid Collective. This move is regarded as a long-term demonstration of Consensys’ confidence in the Ethereum ecosystem and may involve DeFi ecosystem layout or staking income strategies.
The advancement of the CLARITY bill in the United States has been hindered, and Trump’s crypto connection has become a controversial focus
The House Financial Services Committee of the United States recently held a hearing on the “Digital Asset Markets CLARITY Act”, which aims to establish a clear regulatory framework for the crypto industry. However, the connection between former President Trump and the crypto field has sparked intense discussions. Democratic lawmakers have raised questions about the World Liberty Financial they support and the stablecoins and Meme coins it has launched, arguing that they have disrupted the process of the bill. Congressman Gregory Meeks criticized Trump’s actions as “too extreme”, resulting in an inability to focus on the bill itself. Despite the differences, the bill is still supported by some Democratic lawmakers. The committee has proposed an amendment to the conflict of interest clause. Chairman French Hill said it will continue to advance next week, but Trump’s crypto investment will still be at the core of the controversy.
Circle’s IPO pricing exceeded expectations, and the stablecoin giant made its debut on the US stock market
The US IPO stock price of stablecoin issuer Circle has been set at $31 per share, higher than the previously announced price range, and it is expected to raise $1.1 billion. This pricing reflects the market’s recognition of Circle as the issuer of USDC. After its listing, it will further undergo regulatory review, and at the same time provide a new model for the integration of the crypto industry and the traditional financial system.
The Ethereum Foundation has released a new fiscal policy, focusing on DeFi innovation and sustainable development
The Ethereum Foundation (EF) announced its latest fiscal management policy on Thursday, emphasizing the strengthening of the long-term sustainability of the ecosystem. Key points include: optimizing asset allocation, supporting DeFi innovation, and managing finances based on the principle of transparency. In the DeFi sector, EF plans to enhance security and privacy protection through periodic ETH sales and deployments, and promote the development of decentralized protocols in line with the “Defipunk” concept. Furthermore, the foundation aims to gradually reduce its annual operating expenditure to a long-term benchmark of 5%, with the funds mainly used for ecological strategic investment and infrastructure construction.
Regulatory developments: California passes the crypto Asset Confiscation Act, and the SEC delays the resolution of the SUI ETF
California’s legislature passed a bill on Tuesday, requiring the state government to “confiscate” unclaimed assets from crypto trading platforms if a user’s account remains inactive for three consecutive years. However, it emphasized that the assets will be held in custody by a third party rather than liquidated, and users can redeem them at any time. This move has sparked controversy among crypto investors, with significant opposition on social media. On the other hand, the U.S. Securities and Exchange Commission (SEC) postponed its decision on the Canary Spot SUI ETF application, continuing its cautious attitude towards the approval of crypto ETFs.
Market capital flows: FBTC saw a net outflow of nearly 200 million US dollars in a single day
According to Farside Investors’ monitoring, the Bitcose-related fund FBTC saw a net outflow of $197 million yesterday, reflecting the cautious sentiment of some investors regarding short-term market fluctuations. Capital flow data continues to be regarded as an important barometer of market sentiment, and it is necessary to further observe the impact of subsequent capital movements on the prices of cryptocurrencies.
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