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Wormhole Foundation Appoints Arian Motamenzadeh as Managing Director

5 hours ago

On May 16th, the Wormhole Foundation made an announcement. Arian Motamenzadeh has now officially joined the Foundation as the new Executive Director. His main focus will be on protocol fee conversion and related protocol revenue. Additionally, he will be working to drive the adoption of Wormhole on the institutional side. Arian Motamenzadeh has more than a decade of experience in leading startups. He is skilled in formulating market entry strategies and expanding profit scales. He has led companies such as DoorDash and EasyPark from their initial stages to achieving an annual recurring revenue (ARR) of over $350 million. Through his leadership, these companies have achieved multi-billion-dollar initial public offerings (IPOs) and successful exits.
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Coinsilium Group has completed a £1.25 million funding round to establish a Bitcoin treasury strategy.

On May 16th, as per CoinDesk, the UK-based publicly listed blockchain company Coinsilium Group announced the accomplishment of a £1.25 million funding round for the establishment of a Bitcoin treasury strategy. On Friday, the trading volume of Coinsilium's stock reached a record high of 14 million shares. The current stock price is £4.10, with a 24% increase in the past 24 hours. The company's advisor is CoinDesk analyst James Van Straten.

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Binance will adjust the collateral ratio of certain assets in the Unified Account section

On May 16th, as per an official announcement, Binance will make adjustments to the collateral ratio of some assets in the Unified Account at 14:00 (UTC+8) on May 23, 2025. The specific adjustments are presented in the image below. This update is anticipated to be completed within approximately one hour.

2 minutes ago

Galaxy Digital Discusses Stock Tokenization with the SEC

On May 16th, as per Cointelegraph, Galaxy Digital is engaged in discussions with the U.S. Securities and Exchange Commission (SEC) with the intention of exploring stock tokenization in order to bring stock assets onto the blockchain.

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Binance Wallet Launches SUI Ecosystem Trading Competition on Alpha Platform, Total Prize Pool of $1.7 Million

According to an official announcement on May 16th, Binance Wallet has announced the commencement of the SUI ecosystem trading competition on Binance Alpha. During the period when trading volume is being recorded for this activity, trade the SUI ecosystem token on Binance Wallet (non-custodial) or through Binance Alpha to share rewards equivalent to $1.7 million. Event Period: From 00:00 on May 17, 2025 (UTC+8) to 00:00 on May 31, 2025 (UTC+8). Activity Trading Volume Recording Period: From 00:00 on May 13, 2025 (UTC+8) to 00:00 on May 31, 2025 (UTC+8).

2 minutes ago

Sophon, a modular blockchain project, has announced that the SOPH token will be issued in May.

According to official sources on May 16th, the modular blockchain Sophon announced that the SOPH token will be issued in May, and information on tokenomics, community distribution, etc. will be shared shortly.

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Bitcoin Surges Past $104,000

On May 16th, according to HTX market data, Bitcoin has shown a rebound and surpassed $104,000. It is currently trading at $104,072, with a 24-hour change of 1.49%.

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