Yuga Labs Proposes Dissolving ApeCoin DAO

️ On today's Top Picks:

Crypto News

• ⭐️ Yuga Labs CEO Greg Solano proposes dissolving ApeCoin $APE DAO and launching ApeCo; if passed, ApeCo would be granted all assets held by the DAO or ApeCoin Foundation.

• Circle $CRCL goes public and lists on the NYSE; peaked at $123 on Friday; currently valued at over $20B.

• Gemini crypto exchange files for an IPO with the US SEC; share count and pricing to be determined.

• ⭐️ Polymarket partners with X; becomes the official prediction market partner of X and xAI; more details coming soon.

• PumpFun reportedly considers distributing protocol revenue to PUMP token holders; PumpFun reportedly plans to launch a token within weeks.

• Hyperliquid $HYPE Trader James Wynn closes all positions after being liquidated three times; Wynn lost a total of $20.48M.

• TRUMP-branded crypto wallet by Magic Eden $ME goes dark following cease and desist from World Liberty $WLFI; World Liberty to buy $TRUMP for long-term treasury.

• WazirX Restructuring Plan rejected by Singapore Court; WazirX to appeal the decision; WazirX was hacked for ~$230M in January 2025.

Alpha

• ⭐️ Stable, a new Layer 1 blockchain where USDT is the native gas and peer-to-peer USDT transfers are free comes out of stealth.

• Camp launches first week of Kaito Yapper rewards; yap to earn up to 0.25% of $CAMP at TGE and $10K in stablecoins weekly.

• OpenSea launches XP shipments related to Abstract, recent OpenSea mints, and more; recently launched new Voyages reward system.

• Sapien launches Sapien Squad Phase 3; token holders of several crypto projects are eligible to mint a Sapien Squad NFT.

• Universal launches uAssets on Solana $SOL; launches three Raydium pools with incentives.

• Zoolini launches its Discord server; to launch NFT mint on June 18th; multiple crypto communities are eligible for whitelist.

• List Of Upcoming TGEs, Listings, & Releases by ICO Analytics.

Airdrops

• Weekly Airdrop Recap (May 31) by Earndrop.

• Sonic launches anti-sybil review for upcoming $S airdrop; to take a few weeks to complete.

• Skate launches $SKATE airdrop eligibility & allocation checker; to launch claim on June 9th.

• Plume launches mainnet and reopens season 1 airdrop claims; users can claim 20% of their base allocation with the rest vested for 0-90 days, based on usage.

• ICYMI Weekly Airdrop Recap (May 23) by Earndrop.

• ICYMI Sonic opens upcoming $S airdrop to US residents; the first airdrop to reach the US legally.

Finance News

• US President Trump says his next Federal Reserve Chair pick is "coming out very soon"; though Fed Chair Powell’s term does not end until May 2026.

• ⭐️ US President Trump & Chinese President Xi hold phone call to discuss trade; Trump says it "...resulted in a very positive conclusion for both countries."

• US Treasury Secretary Bessent, US Secretary of Commerce Lutnick, & US Trade Representative Greer to meet with representatives of China on June 9th to discuss trade.

• S&P 500 $SPX closes above 6,000 for the first time since February 21st; nearly all trade war losses have been recouped.

• EU Central Bank cuts interest rates by 25 basis points to 2.00%; puts interest rates in the EU at their lowest levels since early 2023.

• Strategy $MSTR to ~$1B to buy more Bitcoin $BTC; currently holds 580,955 BTC worth ~$60B.

• Trump Media & Technology Group $DJT files S-1 for Truth Social Bitcoin $BTC ETF; US SEC has until January to make a final decision on the proposal.

• Metaplanet $3350.T to raise ~$5.4B over the next two years to buy more Bitcoin $BTC; currently holds 8,888 BTC worth ~$929M,

• Ark Invest $ARKK $ARKW $ARKF buys $373.4M of Circle $CRCL shares; sells $39.4M of Coinbase $COIN shares, sells $18.5M of Robinhood $HOOD shares, and sells $10.4M of Block $XYZ shares.

Security and Exploits

• ⭐️ Lazarus APT Group using new stealer malware called OtterCookie; targeting crypto & finance professionals.

• Popular Chrome Extensions found exposing sensitive data and credentials; exposes users to privacy and security risks.

• AT&T investigates database leak containing personal information of over 86M customers; threat actors claim the dataset originates from an April 2024 breach.

• Germany BfDI fines Vodafone €45M for data protection failures; security lapses resulted in fraud and unauthorized access to customer data.

Token Unlocks

• Ethena $ENA / ~$52M / JUN 05th
• Taiko $TAIKO / ~$41M / JUN 05th
• Aptos $APT / ~$52M / JUN 12th
Sourced from Tokenomist

Funding

• IOST raises $21M in Strategic funding from several investors.

• HashPower raises $4M in Strategic funding led by HashKey Capital.

• Elsa raises $3M in funding led by M31 Capital.

• OneKey raises an undisclosed amount in Series B funding led by YZi Labs.

• Stable raises an undisclosed amount in funding from Bitfinex & USDT0.

• Shiga Digital raises an undisclosed amount in Strategic funding from Tether.

• Momentum raises an undisclosed amount in Strategic funding led by OKX Ventures.

The Degen Farmer