Odaily News According to Onchain Lens, a whale spent 8,187 SOL (worth $1.3 million) to buy 1.35 million VERSE at a high price of $0.94 per unit. The current floating loss has exceeded $500,000.

Odaily News Jim Cramer, a well-known CNBC host, said on Monday that investors are not recommended to buy shares of Circle Internet, the issuer of stablecoins. Circle Internet had a brilliant debut last week, with its stock price soaring 168% from its opening price of $31 to $69. Cramer believes that although Circle Internet is strong, its stock price is "overheated" at the moment. The company's valuation has soared from $5.5 billion to about $25 billion in a few weeks, and it is not a wise move to buy at this time. Moreover, Circle is still linked to the volatile cryptocurrency ecosystem, and investors may wish to wait patiently for better buying opportunities. Cramer also compared Circle's stablecoin USDC to a bargaining chip in the cryptocurrency field, saying that its business is more transparent than Tether and is a "more standardized and less suspicious version of stablecoins" supported by real legal currency reserves. He also reminded that the current IPO market "is starting to go crazy" and investors need to be cautious.

Odaily News Netcapital, a Nasdaq-listed fintech company, announced the acquisition of Mixie, a crypto-native protocol, for an undisclosed amount. Zelgor, a portfolio company of Netcapital, completed the acquisition, and the company said it was the first time a listed company acquired a crypto-native protocol to expand its blockchain business. Netcapital is headquartered in Boston and operates a digital capital markets platform. Its stock code is NCPL and its market value is approximately US$6.8 million. (globenewswire)

Odaily News Tether CEO Paolo Ardoino said the company plans to open source its Bitcoin mining operating system MOS in the fourth quarter of 2025, aiming to lower the entry barrier for new miners and reduce dependence on third-party suppliers. The system is scalable and modular, supports existing mining infrastructure, and is built on a P2P IoT architecture, further promoting the decentralization of the Bitcoin ecosystem. (Cointelegraph)

Odaily News Assets held by crypto funds hit a record high in May. Morningstar data on 294 crypto funds showed that they attracted $7.05 billion in net inflows last month, the highest level since December, bringing total assets under management to a record $167 billion. In contrast to crypto funds, Lipper data showed that global stock funds had net outflows of $5.9 billion in May, while gold funds saw their first net outflow in 15 months, at $678 million. Analysts point out that investors are viewing cryptocurrencies as part of a diversified portfolio, rather than just high-risk assets. Market concerns about the outlook for U.S. investments and expectations of a weaker dollar have driven flows into cryptocurrencies. (Reuters)

Odaily News CICC said that in recent years, more and more payments have fled the centralized monetary system dominated by the US dollar and taken refuge in the digital payment system (such as Bitcoin). Stablecoins are "two-sided" currencies that have the characteristics of both centralized and digital currencies. Policies aimed at promoting the development of stablecoins need to focus on strengthening the stability mechanism of stablecoins: enhancing the market's "trust consensus" on stablecoins. This is also the focus of recent stablecoin regulatory policies. Looking only at the current comparison of the total size of stablecoins and US dollars and US bonds, promoting the development of stablecoins will not bring large-scale increases in funds for the US dollar and US bonds in the short term. In the medium and long term, the steady development of stablecoins can first allow fiat currencies (such as the US dollar) to take advantage of the expansion of Bitcoin's market value; secondly, it can also allow fiat currencies to be covered with a layer of stablecoin digital coats to bridge the gap between centralized credit currencies and digital currencies. (Jinshi)