1. SEC Delays Crypto ETF Approvals, Accepts Staked TRX Filing
The U.S. SEC has postponed decisions on multiple crypto ETF applications, including XRP, Litecoin, and Fidelity’s spot Bitcoin ETFs. Notably, it formally accepted Canary Funds’ Staked TRX ETF filing. Bloomberg analyst James Seyffart confirmed this aligns with regulatory patterns.
2. Berachain’s HONEY Stablecoin Temporarily Unredeemable Due to USDC.e Depletion
HONEY users currently cannot redeem for USDC.e on Berachain, as reserves are depleted. Founder Smokey clarified BYUSD remains available for redemptions, with $98.8M in collateral backing. Users can bridge BYUSD to Ethereum for conversions via Curve or centralized exchanges like Coinbase and OKX.
3. Sei Labs Unveils Giga Whitepaper for High-Performance EVM L1
Sei’s new whitepaper outlines plans for an EVM-compatible Layer 1 blockchain featuring:
- Parallel block proposals
- 5 Ggas throughput
- 20K TPS
- 400ms finality
The Autobahn consensus protocol aims to boost throughput 50x versus traditional chains while maintaining Ethereum smart contract compatibility.
4. Polygon Co-Founder Mihailo Bjelic Steps Down
Mihailo Bjelic announced his departure from active Polygon roles, citing "vision misalignment." This follows exits by fellow co-founders Jaynti Kanani (2023) and Anurag Arjun (2022). The project continues under remaining leadership.
5. Pump Fun Token Volume Manipulation Exposed
Analysts revealed Proxies bots generate 60–80% of trading volume for some Pump Fun tokens, creating artificial price spikes. These bots:
- Simulate high-frequency trades
- Induce FOMO among traders
While providing short-term liquidity, experts warn such practices distort market signals long-term.
6. Hyperliquid Labs Advocates for DeFi Perpetuals in CFTC Submission
The firm submitted comments supporting:
- Decentralized perpetual contracts
- 24/7 trading mechanisms
Emphasizing DeFi’s transparency benefits, Hyperliquid positioned itself as a constructive regulatory partner for CFTC policy development.
7. Lido V3 Draft Whitepaper Proposes stVaults Architecture
Key features include:
- Isolated staking positions
- Decoupled liquidity layers
- Customizable node operator strategies
This modular design aims to serve institutional staking products while preserving stETH’s liquidity advantages.
8. Succinct Announces PROVE Token for ZK Proof Network
The Paradigm-backed project revealed:
- PROVE as native token
- Testnet Phase 2.5 imminent
- Mainnet launch preparations underway
Succinct raised $55M in 2024 to build Ethereum-based ZK infrastructure.
9. OKX Web3 Wallet to Discontinue Runes Market Support (June 2025)
👉 OKX Web3 Wallet will halt Runes trading functionality while maintaining asset display/transfers. The Bitcoin-based token protocol, created by Ordinals founder Casey Rodarmor, remains tradable elsewhere.
10. Binance Launchpool Adds Huma Finance (HUMA)
Details:
- PayFi network for cross-border payments
- 100B HUMA supply
- 17.33% initial circulation
Two-phase airdrop distributes 7.1% of total supply to early participants.
FAQ Section
Q: Why can’t I redeem HONEY for USDC.e?
A: Berachain’s USDC.e reserves are depleted—redeem for BYUSD instead and bridge to Ethereum.
Q: What makes Sei Giga unique?
A: Its parallel proposal architecture achieves 50x higher throughput than conventional EVM chains while maintaining compatibility.
Q: How does HUMA tokenomics work?
A: 31% goes to liquidity/ecosystem incentives, with phased releases over 4 years to align long-term participation.
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