Odaily News According to LookonChain monitoring, WLFI consultant Zhao (@cryptogle) deposited $1 million USDC to Hyperliquid 5 hours ago and shorted TRUMP with 10x leverage. The liquidation price was $12.49.

Odaily News According to Lookonchain, trader James Wynn deposited about 74,000 USDC to Hyperliquid before the price of Bitcoin fell, reducing its liquidation price to $103,859 and successfully avoiding liquidation risk. During this decline, the price of Bitcoin on the Hyperliquid platform hit a low of $103,899, only $40 higher than its liquidation price.

Odaily News According to Onchain Lens monitoring, a whale spent 3 million USDC to buy 3.24 million FARTCOIN at a unit price of US$0.925, and has transferred it to another wallet address.

Odaily News Circle is about to land on Nasdaq. As a Web3 native company with USDC issuer as its core, it has become another milestone in successfully entering the mainstream capital market in the United States after a few companies such as Coinbase. Industry insiders pointed out that the traditional capital market has a huge demand for exposure to the cryptocurrency field, but Web3 native companies that meet compliance requirements, can be effectively valued, and are publicly traded are still scarce. In this context, Backpack is regarded as the next strong candidate for a structure close to the acceptance of the US capital market. Backpack's appeal lies not only in its innovative product matrix, but also in its complete layout in compliance awareness, entity registration, and product stratification. The market view is that Backpack has shown great potential to become a "retail financial platform" in the Web3 era. Its rapid momentum in user growth and its structural status close to the traditional financial market's comprehension make it a compelling potential target when Wall Street seeks measurable and valuable crypto companies.

Odaily News Bitget Onchain has launched Solana ecosystem's MEME tokens KBBB and E91. Users can start trading in the onchain trading section. Bitget Onchain aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient and secure onchain trading experience. Users can directly use Bitget spot accounts (USDT/USDC) to trade popular assets on the chain. Currently, popular public chains such as Solana (SOL), BNB Smart Chain (BSC) and Base are supported.

Odaily News According to OnchainDataNerd, a whale withdrew 1,500 ETH (about 3.91 million US dollars) from Bitget, and then pledged a total of 16,886 ETH (about 44.22 million US dollars) to Lido, and deposited 14.8 million USDC into AAVE.

Odaily News Crypto credit startup 3Jane has raised $5.2 million in seed funding, led by Paradigm, which described its protocol in a statement as “a credit-based peer-to-peer money market that provides yield to farmers, traders, businesses, and AI agents through algorithmic, real-time unsecured USDC credit lines.” (The Block)

Odaily News Web3 wallet Bitget Wallet has officially integrated Solana Pay to provide global users with a "real-time, low-fee" crypto payment experience. Users can scan the Solana Pay QR code and use stablecoins such as USDC or Solana ecosystem tokens directly in their wallets to complete online and offline payments. This integration was achieved through cooperation with Venta, the payment infrastructure of the Solana ecosystem. This integration is an important part of Bitget Wallet's construction of the PayFi payment system. This function will also adapt to local QR code standards in Southeast Asia, Latin America and other places to accelerate the implementation of Web3 payments. Bitget Wallet will also appear as a major partner at the Solana Summit 2025 held from June 5 to 7, demonstrating relevant payment functions on site and participating in developer workshops and roundtable forums.

Odaily News Taiki Maeda posted on X that on June 5, Circle, the issuer of the stablecoin USDC, will be listed on the New York Stock Exchange with the stock code CRCL. This is the most watched IPO since Coinbase (COIN) in 2021. Circle plans to raise $624 million in this IPO, with a target valuation of $6.7 billion. The latest valuation has been adjusted to $7.2 billion. Bloomberg said that this financing has been oversubscribed. Cathie Wood's ARK Fund will subscribe for $150 million, and BlackRock CEO Larry Fink will invest another $60 million, which together account for about 35% of this financing. Wood and Fink can be regarded as KOLs in the traditional financial world. They are likely to be exposed through the media and jointly promote the "stablecoin narrative" between institutions and retail investors. Circle stock is also one of the few ways to bet on the growth of stablecoins and blockchain technology. Conventional IPO insiders cannot sell their holdings within the first 180 days. If this subscription is indeed oversubscribed, CRCL may have an outstanding performance after listing. Crypto users can regard it as a "low circulation + high full valuation" token launch, endorsed by traditional financial bigwigs (Wood, Fink).

Odaily News According to Onchain Lens, Vitalik Buterin has transferred 693.91 ETH (worth $1.83 million) and 340,931 USDC to the DeFi project RAILGUN. Vitalik received 240,931 USDC (worth $240,931) from the Methuselah Foundation.