Tether CEO: USDT's Net Issuance in the Past 30 Days Exceeded That of Its Primary Competitor by Over 5 Billion Coins

On June 3rd, the globally publicly listed Canadian company SOL Strategies reported a net loss of $3.5 million in the second quarter of 2025. Despite significant growth in its staking and validation revenue. The financial report indicates that the company's Q2 revenue reached $1.85 million, which is a substantial increase from $67,000 in the same period last year. This growth is mainly driven by staking and node validation rewards from Solana and Sui, including self-owned asset staking and third-party delegation commission. As of March 31st, the company's total cryptocurrency assets reached $35.2 million, with newly added SUI assets. Meanwhile, it has significantly reduced its BTC exposure. In April of this year, SOL Strategies announced the issuance of $500 million in convertible notes and recently submitted a pre-application for a maximum of $1 billion in securities issuance to support its expansion strategy in the Solana ecosystem. Although there was revenue growth, the total quar

On June 3rd, as monitored by OnchainLens, a Whale Address spent $3.99 million to acquire 110,824 HYPE tokens at an average price of $36 per token. Subsequently, it opened a long position on HYPE with a leverage of 4x.

June 3rd. GF Securities pointed out that the regulatory framework for stablecoins in Hong Kong might offer a compliant path for mainland companies to issue RMB-pegged stablecoins via Hong Kong for cross-border trade and investment. This would enhance their competitiveness in the global market and attract incremental funds to enter A-shares. Nevertheless, considering that the virtual currency policy environment remains relatively stringent, the likelihood of large-scale incremental funds flowing into A-shares is low. In the short term, it may bring about structural opportunities to the stock market. Sectors like digital currency, cross-border payments, blockchain, and RWA (Real World Asset Tokenization) will receive a boost. Stablecoins could potentially become a strategic tool for the United States to safeguard the status of the dollar, which to a certain extent will alleviate the selling pressure on the dollar and U.S. bonds. However, due to factors such as the limited scale of stabl

On June 3rd, based on on-chain data, whale James Wynn's newly established 40x Bitcoin long position yesterday has "transformed losses into gains". It is now showing a floating profit of $400,000, and the liquidation price is $103,620. Currently, the long position has a total value of $100,420,044.11, with an entry price of $105,890.3. Yesterday evening, the long position was once floating at a loss of more than $1.35 million, and there was only a $20 gap from being liquidated.

On June 3rd, the founder of Wintermute, wishful_cynic, posted on social media the previous day and stated, "However, overall, I think 'wynn' is simply a very well-executed marketing campaign for HL (Hyperliquid), and it was done well. He is excellent. His tweets are also great." Earlier, Whale James Wynn posted his Bitcoin long position chart on his social media platform and "@"ed Wintermute's official account, saying, "I'm back." In response, the crypto analyst @ai_9684xtpa said, "It is widely known that someone clearly sniped him in the last round of BTC longs. By openly challenging in this way, could it be that this time the 'Whale Hunting Squad' is Wintermute? Indeed, the fund size and trading ability match, and we are in for an exciting show."

On June 3rd, according to HTX market data, RPL witnessed a surge of more than 25% in the past 24 hours. It is currently trading at $6.28, and its market capitalization has risen to $124 million.