According to PANews, China Oil Capital has announced on its interactive platform that it is currently not involved in any stablecoin-related business activities. The company emphasized its commitment to monitoring and researching policy developments in this area. It intends to conduct its operations lawfully, prudently, and steadily.

Odaily Planet Daily News Vaulta and Fosun Wealth Holdings have partnered to support the blockchain infrastructure of Hong Kong's financial industry. Vaulta will provide its BankingOS suite and exSat digital banking platform for asset issuance, revenue generation and crypto payments, while Fosun Wealth will provide financial licenses and physical asset issuance capabilities. (CoinDesk)

ETH, stablecoin, supply exceeds 246.382 billion US dollars How does Ethereum support the widespread application of stablecoins? Golden Finance, the stablecoin market continues to grow rapidly.

BNB Chain has announced a new exclusive incentive program to support the growth of Real-World Asset (RWA) projects in the Web3 space. The initiative opens applications starting May 29, 2025, offering a suite of resources designed to help RWA builders scale, grow liquidity, and onboard new users.Program Overview: Fueling the RWA Movement on BNB ChainThe newly launched BNB Chain RWA Exclusive Incentive Program aims to support both new and existing RWA projects seeking to build or migrate to the BNB Chain ecosystem. It aligns with growing industry trends connecting traditional finance (TradFi) assets with decentralized infrastructure.Key support includes:Technical and Compliance GuidanceLiquidity Seeding and TVL IncentivesGrowth-Focused Funding and Marketing SupportCustomized Roadmaps for Scalability and AdoptionThe program is open to all RWA projects, regardless of sub-sector or development stage. While market cap and traction are considered for mature teams, BNB Chain also welcomes early-stage initiatives that demonstrate unique potential.How to Apply and Maximize Selection ChancesProjects interested in participating are encouraged to submit applications immediately. There is no set deadline, and the BNB Chain team will conduct ongoing evaluations.To enhance visibility and transparency, projects are recommended to integrate with DeFiLlama. This will offer the community a clearer picture of project fundamentals and on-chain performance.Selected projects will receive dedicated support from the BNB Chain team. Importantly, projects not selected initially will still remain eligible for future consideration.Why BNB Chain Is Ideal for RWA ProjectsBNB Chain offers an infrastructure optimized for RWA innovation:High Performance: Up to 2,000 TPS on BSC and 4,000+ TPS via Layer 2 opBNBLow Fees: Average transaction fee of just $0.01Massive Reach: Over 562 million unique addresses and 10 million daily active usersThriving Ecosystem: 5,000+ dApps across DeFi, stablecoins, NFTs, and moreWith a DeFi TVL exceeding $10.7 billion and stablecoin market caps surpassing $10 billion, the BNB Chain ecosystem provides unmatched exposure and scalability for RWA developers.Building the Bridge Between Crypto and the Real WorldBNB Chain’s new RWA track marks a bold step in bringing tokenized real-world assets into mainstream adoption. The team believes RWA projects will play a crucial role in bridging traditional and decentralized finance, ultimately bringing the next billion users into Web3.

Odaily Planet Daily News: The market shows that as of May 29, the SOL/ETH trading pair has fallen below its rising wedge pattern that has lasted for several months. This bearish structure usually foreshadows a sharp decline. From a technical perspective, a breakout of a rising wedge typically results in a decline equal to the maximum height of the pattern. In addition, Meme coin activity on the Solana chain has cooled significantly. For example, the average daily revenue of the Meme coin launch platform Pump.fun has dropped sharply since early April and is close to the annual low. Standard Chartered Bank previously warned in a report that if Solana fails to expand its application ecosystem beyond Meme coins, it may perform poorly amid intensified competition in Ethereum Layer 2, while analyst Alex Clay predicts that the so-called "Ethereum strong period" has arrived, further supporting expectations of a SOL/ETH decline. (Cointelegraph)

Binance Academy has announced a strategic partnership with Pakistan’s Ministry of Information Technology and Telecommunication (MoITT) to bring blockchain education to the country’s university system. The initiative aims to train 300 educators and educate over 80,000 students across 20 universities by 2026.The collaboration is designed to build a robust pipeline of blockchain talent, equipping students with practical Web3 skills and aligning with the goals of the Global University Outreach Program (GUOP) — the world’s largest blockchain education initiative.Empowering Pakistan’s Next-Gen Blockchain TalentThe partnership will integrate BNB Chain fundamentals, Solidity programming, and core Web3 concepts into academic curricula. Participating educators will undergo specialized training and receive certification, enabling them to deliver blockchain courses independently. Students who complete the courses will also receive official certificates.“As blockchain reshapes the global financial landscape, empowering people with the right skills is essential,” said Bader Al Kalooti, MEASA Head of Growth and Operations at Binance. “This partnership marks a significant step toward building a knowledgeable workforce ready to drive digital innovation.”Aligning with National Digital Transformation GoalsThe effort supports Pakistan’s broader digital transformation agenda, emphasizing education as a driver of both economic growth and global competitiveness in emerging technologies.Minister of IT and Telecom, Ms. Shaza Fatima Khawaja, welcomed the initiative, stating:“This partnership contributes to our digital transformation by positioning Pakistan as a global source of skilled blockchain talent. By collaborating with Binance and the Blockchain & AI Technology Center, we are equipping our students to lead in the digital economy.”Building on Binance Academy’s Existing Impact in PakistanSince 2022, Binance Academy has trained over 3,000 students from 13 universities across three provinces in Pakistan. This new program significantly scales the effort, building on past success to deliver nationwide educational access to blockchain and Web3 technologies.The GUOP, first piloted in Kazakhstan in 2023, has since expanded to 20 countries, targeting over 200 universities across 50+ countries, with the goal of reaching 1 million students by 2026.The Binance Academy–MoITT partnership represents a key milestone in mainstreaming blockchain education in Pakistan. It seeks to empower youth with future-proof skills, prepare the country for the digital economy, and foster a generation of innovators ready to contribute to both local and global tech ecosystems.

Odaily Planet Daily News According to @ai_9684xtpa monitoring, the whale 0xA48...95f5e, who had interacted with the Alameda Research OTC address and Three Arrows Capital many times four years ago, recharged 100 WBTC to Binance half an hour ago, worth $10.86 million. Since May, the address has transferred a total of 860.31 WBTC to the exchange, with a total value of $90.4 million. The address currently still holds 200 WBTC.

Odaily Planet Daily News: PetroChina Capital said on the interactive platform that the company is not currently involved in stablecoin-related businesses. The company will continue to pay attention to and study policy trends in related fields, and conduct various businesses in accordance with the law, in a prudent and stable manner. (Jinshi)

According to BlockBeats, Indian officials have announced that a U.S. trade delegation will visit India from June 5 to June 6. The visit aims to strengthen trade relations between the two countries and discuss potential areas of cooperation.

Why Is Ethereum (ETH) Price Up Today?Ethereum (ETH) surged over 4% in the last 24 hours, reaching a three-month high of $2,789. The rally outpaced the broader crypto market, supported by a combination of technical indicators, surging futures activity, and strong inflows into spot Ethereum ETFs.Bull Flag Breakout Suggests Potential Rally Toward $4KTechnical analysts point to the recent breakout from a bull flag pattern, a bullish continuation formation that typically precedes a sharp upside. The breakout was confirmed when ETH closed above $2,650 on May 27. Based on the flagpole’s height, the pattern sets a potential target near $4,000, implying a 46% rally from current levels.Record ETH Open Interest Signals Trader ConfidenceAccording to CoinGlass, Ether futures open interest (OI) hit an all-time high of $37.3 billion on May 29 — a 17% increase over the past five days. This uptick indicates that institutional and retail traders alike are positioning for further upside.Key exchanges contributing to the OI include Binance, Gate.io, Bybit, and Bitget (accounting for 51%), while the CME represents 8% of the market.Positive Funding Rates Reinforce Bullish SentimentFunding rates in ETH perpetual contracts have risen to 0.0090%, suggesting that more traders are betting long and are paying a premium to maintain those positions. Combined with rising OI, these metrics signal growing market optimism.ETF Inflows Add Fuel to Ethereum’s MomentumA major tailwind is continued inflows into Ethereum-focused exchange-traded funds (ETFs). According to SoSoValue, U.S.-based spot Ethereum ETFs saw $394.1 million in net inflows over the last eight days. BlackRock’s ETHA fund led the trend with $287.6 million added since May 14.Additional data from CoinShares reported $326.2 million in global ETH product inflows between May 19 and May 23, reflecting strong institutional demand.Outlook: ETH Eyes $4,000 As Technicals and Fundamentals AlignWith ETH breaking key resistance, supported by robust ETF inflows and futures positioning, analysts suggest the next target lies between $3,000 and $4,000. A bullish relative strength index (RSI) reading of 71 indicates upward momentum remains intact — though caution is advised as ETH approaches overbought territory.Ethereum is currently trading at $2,722, up 50% over the past month, with daily trading volume exceeding $26.5 billion.

Odaily Planet Daily News: Crypto exchange Bybit announced that it has officially obtained the MiCAR license issued by the Austrian Financial Supervisory Authority (FMA) and established its European headquarters in Vienna as a compliance hub for its services in the 29 countries of the European Economic Area (EEA). Bybit plans to recruit more than 100 employees in Austria to expand localized services. CEO Ben Zhou said that this move reflects Bybit's "compliance first" strategy, which will promote in-depth cooperation with EU regulators and strengthen consumer protection. It is reported that in order to promote expansion in the European market, Bybit will make large-scale investments in Austria and plans to recruit more than 100 professionals in Vienna to further provide more localized and compliant crypto services. (CoinDesk)

Recommended readings tonight: 1. The full text of U.S. Vice President JD Vance's speech at the Bitcoin 2025 Conference; 2. After attending the Trump dinner, I think the United States is still worth betting on; 3. The twilight of native cryptocurrencies;

ETH, Bankless: The integrated era of Ethereum Golden Finance, focusing on Ethereum's high-level technology roadmap.

"Madam Ngo", a fugitive behind a massive crypto fraud, was caught in Thailand after scamming over 2,600 people. She now faces extradition to Vietnam for trial.

The head of Pakistan's crypto council, Bilal Bin Saqib, has just announced that the country is officially establishing a Bitcoin Strategic Reserve.

Stablecoin is a kind of currency system design that is different from legal tender, digital currency and crypto currency. Here we use a rather awkward term called "currency system design" because we are not sure whether it is a real currency.

Trump has just launched a blatant attack on China by announcing plans to aggressively revoke visas of Chinese students,

Norwegian brokerage K33 raised $6.2 million to buy Bitcoin and launch a Bitcoin treasury strategy. The company aims to use this to support new services like BTC-backed lending and expand its financial operations in the Nordic region.

Michael Saylor: You just need to buy as much Bitcoin as you can

Google Photos marks its 10th anniversary with a redesigned AI-powered editor, featuring smarter suggestions, improved "reimagine" tools, and easier album sharing for all users.