Strategy has proposed adjusting the dividend mechanism for its STRC preferred stock, planning to change the current monthly dividend payment to twice-monthly (once every two weeks), subject to shareholder approval. STRC is a perpetual preferred stock aimed at trading around its $100 par value, with a floating dividend mechanism to adjust its price; currently, the annualized dividend is approximately 11.5%. The company states that increasing the dividend frequency will help reduce reinvestment lag, improve market liquidity, and enhance price stability. STRC is one of a series of preferred stock financing instruments at Strategy, forming part of its capital structure along with STRF, STRE, STRK, and STRD products. These instruments have helped the company raise significant funds for its continued Bitcoin accumulation.

Iranian Parliament Speaker Mohammad Ghalibaf stated on social media on the 17th that the US has accepted the fact that Iran controls the Strait of Hormuz. Iran will never relinquish its jurisdiction over the Strait of Hormuz. Ghalibaf said that US President Trump's "extreme eagerness" to reach an agreement with Iran precisely demonstrates that his plan to destroy Iranian civilization has failed. Ghalibaf added that the US has not yet taken any military action in its maritime blockade of Iran, and Iran will not tolerate this.

Rhea Finance released a post-attack report confirming that the vulnerability resulted in an actual loss of approximately $18.4 million, a significant increase from the initial estimate of approximately $7.6 million. The attackers manipulated liquidity using a fake token pool by constructing complex transaction paths. They channeled borrowed assets into a pool under their control while returning only a small amount, rapidly reducing a large number of margin positions to undercollateralized and triggering liquidation, ultimately depleting the protocol's reserves. Currently, approximately $11.2 million has been recovered or frozen, including some USDC and NEAR assets returned by the attackers, and approximately $4.34 million in USDT frozen (with the assistance of Tether).

Crypto Council for Innovation (CCI) has announced its acquisition of Digital Energy Council (DEC), marking its first expansion into the energy policy arena. CCI is a global industry advocacy organization with members including numerous crypto and fintech companies, primarily promoting digital asset regulation, technological innovation, and policy communication, and working to bridge the gap between government and industry. Previously, the organization played a significant role in US policy lobbying. DEC focuses on energy issues related to the digital economy, particularly the impact of crypto mining, data centers, and high-performance computing (HPC) on the power system, with a core focus on energy supply, grid stability, and national security. Following this integration, the energy sector will prioritize policy initiatives including energy development, grid resilience, US competitiveness, and critical infrastructure security.

The cross-chain version of XRP, wXRP, has been launched on Solana, allowing holders to participate in the DeFi ecosystem without selling their assets. wXRP is custodied by Hex Trust and cross-chain via LayerZero, pegged 1:1 to native XRP, and can be exchanged at any time. This asset is already integrated into multiple Solana applications, including Titan, Jupiter, Meteora, and Phantom wallets, supporting functions such as trading, liquidity provision, and yield earning. This move signifies that XRP, originally geared towards payment scenarios, is further integrating into the DeFi system, expanding its application space in cross-chain and on-chain finance.

World has launched its largest upgrade to the World ID protocol to date, covering approximately 18 million Orb-verified users and expanding to multiple application scenarios including social networking, conferencing, and ticketing. This upgrade introduces several features, including multi-key support, key rotation, account recovery, and session management. It also launches a standalone World ID app as an entry point for user authentication and authorization management. At the application level, Tinder has integrated a "real person authentication badge" to identify genuine users; Zoom has launched the "Deep Face" feature to identify AI-generated content in video calls; and it has also launched the ticketing tool Concert Kit. Furthermore, platforms such as Reddit, Razer, and Mythical Games are exploring or integrating the system. World proposes the concept of "human continuity," emphasizing not only verifying user identity but also ensuring the consistency of the same genuine individual across different scenarios. Industry insiders believe this direction may become a crucial infrastructure for combating AI-generated content.

Silver Point and SVP have recently acquired a substantial amount of QVC bank debt, according to a company lawyer. Bloomberg posted on X, indicating that the firms are positioned to own sizeable stakes in the television shopping network as it undergoes restructuring under Chapter 11. This acquisition marks a significant move in the financial landscape of QVC, potentially impacting its future operations and ownership structure.

Rhea Finance reported a security breach on Thursday, resulting in a loss of approximately $18.4 million from its lending protocol. According to NS3.AI, this figure is a significant increase from the initial estimate of $7.6 million. A post-mortem analysis on Friday revealed that the attacker exploited the protocol's margin trading feature through a strategically constructed swap route. Rhea Finance has managed to recover or freeze some of the stolen funds, including about 4.34 million USDT that was frozen.

Hex Trust has introduced a 1:1 backed wrapped XRP on the Solana network, enabling users and institutions to access XRP within Solana's decentralized finance (DeFi) ecosystem. According to NS3.AI, over 834,000 XRP, valued at approximately $1.2 million, has already been minted on the network. This launch extends the utility of XRP beyond its native XRP Ledger, utilizing a custody-and-mint model to facilitate broader integration into Solana's DeFi space.

Strategy has submitted a proxy proposal to transition its STRC preferred dividends to a semi-monthly payment schedule, maintaining the annual dividend rate at 11.5%. According to NS3.AI, Michael Saylor, the company's representative, stated that this adjustment aims to stabilize the stock price, reduce cyclicality, and enhance liquidity and demand. The voting on this proposal is set to conclude on June 8, with the first payment under the new plan anticipated on July 15.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

After Binance announced its crackdown on active market makers at the end of March, active market makers began to take action.

Overall, although a few strong altcoins amplified the market effect, most assets are still in a liquidity vacuum.

Bitcoin successfully broke out of the $62.8k–$72.6k range, briefly touching the $74k mark. This breakout strategically signifies that the market has moved from a geopolitically induced "forced deleveraging" phase to an "initial stabilization period."

Discussions surrounding stablecoins have long focused on one question: who will issue the next dominant stablecoin?

A group of Drift Protocol investors are seeking to bring stablecoin issuer Circle to court, blaming the company for its inaction following the Drift Protocol hack.

OpenAI has paused its Stargate UK data centre plan, saying energy costs and regulation were the main reasons. The UK AI minister disputes this, saying conditions have not changed and pointing instead to OpenAI’s financial pressures.

The most valuable thing in the future will be the oldest thing. It's not computing power. It's not data. It's not models. It's when one person says "I believe in you" to another, and that promise is truly fulfilled.

A Brazilian cybersecurity researcher has raised alarm bells, warning others about counterfeit ledger devices that has been planted by scammers in the Chinese market in the attempt to steal users' crypto.

Exchanges are replacing traditional venture capital (VC) firms, gradually gaining control over initial public offerings (IPOs), pricing power, and liquidity. Exchanges are eroding the informational, investment, and lock-up advantages of traditional VCs, and arbitrage opportunities for VCs are being continuously squeezed.