Meta votes against including Bitcoin in reserves, Ethereum ecosystem tokens rise across the board

Bitcoin

Meta Shareholders Have Voted Down Proposal to Add Bitcoin to Reserves

At its annual general meeting on May 30, MetaPlatforms shareholders rejected a proposal to add Bitcoin (BTC) to its $72 billion cash reserves, with the vote ultimately ending with 4.98 billion shares against and 3.92 million in favor.

Bitcoin mining difficulty increased by 4.38% to 126.98 T, a record high

According to BTC.com data, Bitcoin mining difficulty has been adjusted at block height 899,136 (Beijing time today 08:01:30), and the mining difficulty has been adjusted by 4.38% to 126.98 T, a record high; the average computing power of the entire network in the past seven days is 921.04 EH/s.

Trump Media Group has completed $2.44 billion in financing and has become a major Bitcoin holder among listed companies

Trump Media Group announced today that it has completed the previously announced private placement with approximately 50 institutional investors. The offering includes: ① selling 55,857,181 shares of the company's common stock at a price of $25.72 per share, raising approximately $1.44 billion in gross proceeds; ② issuing convertible senior secured notes with a principal amount of $1 billion and due in 2028, with a conversion price of $34.72 per share. The two items raised a total of approximately $2.44 billion. Trump Media will use approximately $2.32 billion of net proceeds to establish a Bitcoin reserve and for other general corporate purposes and working capital. As one of the largest Bitcoin reserve transactions among listed companies, the net proceeds of this offering and the company's strategy will make Trump Media Group one of the companies with the most Bitcoin among US listed companies. After this offering, Bitcoin will be included in the balance sheet of Trump Media Group, alongside cash, cash equivalents and short-term investments totaling $759 million as of the end of the first quarter of 2025.

US Vice President Vance: Bitcoin is safe and not vulnerable to fraud

US Vice President JD Vance publicly expressed support for Bitcoin, calling it "safe, not vulnerable to fraud, and a reliable means of storing digital value." Vance emphasized that although there are risks in cryptocurrencies, people should be allowed to make their own decisions, opposed excessive government intervention, and advocated that the market should naturally eliminate inferior projects and verify high-quality projects through an appropriate regulatory framework.

Michael Saylor expounded the guiding principles of "21 ways to get rich" at the Bitcoin 2025 Conference

Strategy founder Michael Saylor delivered a keynote speech at the Bitcoin 2025 Conference in Las Vegas on Thursday, poetically praising Bitcoin and expounding on the guiding principles of what he called "21 ways to get rich" to the audience and participants. Michael Saylor said, "Satoshi lit a fire in cyberspace. The timid will flee from it, the ignorant will dance around it, and the loyal will add fuel to the fire, embracing the dream of a better world and basking in the warmth of the light of the Internet. Many people will be afraid when they see Bitcoin. They will never touch it, never benefit from it, and eventually be left behind by the times. But those who truly understand it will add fuel to the fire. Buying Bitcoin is adding fuel to the fire." Michael Saylor said, "Take out your fiat currency and exchange it for Bitcoin. Take out your long-term capital and exchange it for Bitcoin. Sell your bonds and exchange them for Bitcoin. Sell your bad stocks, sell your bad real estate, and buy Bitcoin." This is the third way to get rich: courage. In addition to courage, Michael Saylor also advised the audience to have confidence in the potential of Bitcoin.

Ethereum

Ethereum ecological tokens generally rose, led by UNI, EIGEN, etc.

According to market information, Ethereum rose strongly today, and Ethereum ecological tokens generally rose, led by UNI, EIGEN, etc. Among them: UNI rose 19.3% in a single day, now reported at US$7.51; EIGEN rose 16.9% in a single day, now reported at US$1.79; LDO rose 11.7% in a single day, now reported at US$1.01; ETHFI rose 10.1% in a single day, now reported at US$1.52; ARB rose 9.7% in a single day, now reported at US$0.4387.

The 212th Ethereum ACDE Meeting: Fusaka Devnet-0 will be launched on May 26

According to Tim Beiko's summary of the 212th Ethereum Executive Core Developer Meeting (ACDE), this meeting mainly discussed: Fusaka Devnet-0 will be launched on May 26, Fusaka EIP scope discussion (EIP-7825 sets the transaction Gas upper limit to 30M; EIP-7918 anchors the Blob rate to the Base Fee to alleviate fee fluctuations; these two are confirmed to be included in Devnet-1. Other candidate EIPs are expected to be Devnet-2), testnet strategy (fork Sepolia first, retain Hoodi for application testing; encourage the community to maintain a long-term testnet), future plans (CL Call next week to decide EIP-7917; two weeks later ACDE finalizes Devnet-2 and starts Glamsterdam discussion), etc.

REX Shares submits Solana and Ethereum pledge ETF prospectus, expected to be listed in the U.S. in a few weeks

Bloomberg analyst James Seyffart said on the X platform that REX Shares has submitted a prospectus for Solana and Ethereum pledge ETFs, which are expected to be listed on the U.S. market in the next few weeks. These funds are products under the 1940 Act and use a C-type company structure rather than the traditional 19b-4 process. "This may be a way to get some degree of approval from the SEC." Seyffart pointed out that the ETF will obtain SOL and ETH spot exposure through a Cayman subsidiary, and said that "this is a series of clever legal and regulatory avoidance strategies used to bring these products to market." Seyffart also said: "Even if a more efficient structure emerges in the future, this may be the first way to go online."

Consensys founder: Ethereum is the infrastructure for the reconstruction of the modern financial system

Consensys founder and Ethereum co-founder Joseph Lubin published a column in the Financial Times, pointing out that the current financial system is facing structural pressures such as a crisis of trust, high inflation and accumulated debt. He believes that blockchain networks such as Ethereum are similar to the role of the Internet protocol HTTP in the 1990s, and can provide a decentralized and programmable new infrastructure for the global financial system. Lubin emphasized that this is not to replace traditional banks and legal currencies, but to build an open financial architecture that coexists and interoperates with the existing system, which has been adopted by institutions such as BlackRock and JPMorgan Chase.

The Ethereum Foundation has pledged 50,000 RAIL to Railgun and borrowed 2 million GHO

According to PeckShield monitoring, the Ethereum Foundation has pledged 50,000 RAIL worth approximately US$50,000 to Railgun, and borrowed 2 million GHO using 10,000 WETH provided on Aave in February as collateral.

Vitalik Buterin: Ethereum needs to be resilient and private enough

Vitalik Buterin posted on the X platform: "Nordic countries are abandoning cashless society initiatives because their centralized implementation of this idea is too fragile. It turns out that cash is necessary as a backup. Ethereum needs to be resilient and private enough to play this role reliably."

Other projects

Binance: Binance Alpha Earn Hub is now online

Binance Wallet posted on the X platform that Binance Alpha Earn Hub is now online. By providing liquidity on PancakeSwap V3, more rewards for Binance Alpha tokens can be unlocked.

Futu Subsidiary Moomoo to Launch Moomoo Crypto for US Users

Futu Holdings (FUTU) subsidiary Moomoo announced that it will enter the field of cryptocurrency trading and will soon launch Moomoo Crypto, a comprehensive digital asset investment service for US users. The new US Crypto plans to launch more than 30 cryptocurrencies.

Dubai Land Department Launches XRP Ledger-Based Real Estate Tokenization Platform, Expected to Reach $16 Billion in 2033

Dubai Land Department (DLD) has partnered with real estate fintech company Prypco and infrastructure provider Ctrl Alt to launch the first real estate tokenization platform, Prypco Mint. The platform tokenizes property ownership deeds and synchronizes official real estate records, deployed on the XRP Ledger blockchain. The move is part of a government-backed project that is expected to tokenize 7% of Dubai's real estate market, or $16 billion, by 2033. The platform currently only supports transactions in UAE dirhams and is only available to Emirates ID holders, with global access to be expanded in the future. Zand Digital Bank serves as its banking partner, and is regulated by the Central Bank of the UAE, Dubai Virtual Asset Regulatory Authority (VARA) and Dubai Future Foundation's real estate sandbox.

Kazakhstan to launch a pilot zone for cryptocurrency payments and applications

Kazakhstan plans to launch a crypto pilot zone called "CryptoCity" that will allow the use of cryptocurrencies to purchase goods and services, Kazakh President Kassym-Jomart Tokayev said. The relevant statement was published on the presidential website on May 29. Tokayev said at the 2025 Astana International Forum that the pilot zone will explore the adoption of cryptocurrencies in a regulated sandbox environment. He said: "We plan to create a pioneering pilot area called CryptoCity, where cryptocurrencies can be used to purchase goods, services, and even more widely used."

Cetus releases community update: Aggregator service has been restored online, and different fund recovery plans are being simulated

Cetus, which was hacked and stolen $223 million, released a community update, mainly disclosing the following: 1. The affected funds consist of two parts: one part is within Sui, and the other part is mainly bridged to the outside of the ecosystem in the form of ETH. 2. Data recovery work on the Cetus protocol is in progress and is expected to take dozens of hours. 3. The aggregator service has been restored online and supports exchange through partners such as Phantom and Binance Alpha. It has been confirmed that the Cetus CLMM pool that was not affected in this incident will resume operation after the accurate position data is fully restored. 4. Active discussions are underway with the Sui Foundation and other community members to finalize the key details of the recovery. 5. Two directions are being advanced simultaneously: (1) Resolving the issue as soon as possible through white hat negotiations; (2) Actively collecting clues and evidence to recover funds through legal channels. 6. Different recovery plans are being simulated and technically feasible fund recovery and compensation plans are being designed. 7. A protocol upgrade has been proposed through PoS voting to unlock and return most of the stolen funds currently frozen in the attacker Sui's wallet.