GateNewsBot

According to Gate News bot, as reported by Wu, the Cetus Protocol is set to restore all functions on June 8, 2025, at 3:00 UTC. At that time, users will be able to use all services including trading, Liquidity management, and rewards collection.
To address the liquidity supplementation, the team has deployed three specific measures: to retrieve the attacker’s assets and rebalance through on-chain voting by Sui validators; to invest approximately $7 million in missing assets; and to obtain a $30 million USDC loan from the Sui Foundation.
In the compensation plan, the total amount of CETUS tokens for compensation is 15% of the token supply, of which 5% will be available for withdrawal when the platform restarts, and the remaining 10% will be unlocked linearly over the next 12 months. The team has clearly stated that there will be no token issuance, only minor adjustments to the release plan. If assets are recovered in the future, they will be used for user compensation or CETUS buyback.
Source: Wu Says

Gate News bot message, according to Bitcoin Magazine, Japanese listed company Remixpoint announced the addition of 44.8 coins of Bitcoin, with a transaction amount of 4.7 million dollars. This purchase is another important investment following the company's acquisition of 31.9 coins of Bitcoin on May 26 (worth about 500 million yen, at a unit price of 15.67 million yen).
On April 24, Remixpoint's board of directors passed a resolution to invest an additional 1 billion yen in crypto assets.

Gate News bot message,
Shan Dian Huang Shiliang shared his experience of arbitrage during the EOS ICO. During the ICO phase of EOS, the primary and secondary markets operated in parallel but had price differences, creating arbitrage opportunities. At that time, in the last few minutes of trading, hackers would initiate high ETH gas transactions, causing congestion on the ETH chain and preventing other investors from injecting ETH into the EOS ICO contract. Ultimately, the EOS ICO issued a total of 900 million tokens, raising 7.2 million ETH, with a total value of 4.2 billion USD. Huang Shiliang pointed out that he gained profits through arbitrage, but in the subsequent years of reflection, he realized that this also brought some negative consequences.
(Source: wublock123)

Gate News bot message, according to the defioasis data dashboard, in the past month, the average FDV of tokens graduating from Pump Fun to the DEX market has maintained at 80,000 to 100,000 USD, with a median FDV of over 4,000 USD. The average FDV of the top ten tokens by daily graduating market capitalization is between 500,000 to 2,000,000 USD. When large cap tokens are expedited, the average value exceeds 10,000,000 USD, but the recent two high values were driven by low circulating Rug tokens.
Data shows that the graduation rate of Pump Fun from the internal market to the external market is between 0.7% and 1%, with a daily graduation of approximately 200-400 tokens.
Source: Wu Says.

Gate News bot message, based on on-chain data, a cryptocurrency whale address has unstaked 74,341 SOL tokens after a 2-month staking period. The current market capitalization of this batch of unstaked SOL tokens is approximately 11.24 million dollars.

According to Gate News bot, ChosunBiz reported that Alpha Asset Management, operated by Choi Joon-hyuk, the husband of the famous South Korean actress Jun Ji-hyun, has incurred massive losses after investing in the gaming company Wemade. Data shows that Alpha Asset Management invested a total of 35 billion KRW to purchase Wemade shares from 2023 to 2024, and the current stock price has fallen by 28%, resulting in a paper loss of 15.8 billion KRW.
The background causing the fall in stock prices is the second delisting of the virtual currency Wemix issued by Wemade's subsidiary from the Korean exchange. Previously, Wemix suffered a hacker attack, resulting in a loss of approximately 9 billion won in assets.
Source: ChosunBiz

According to Gate News bot, in an interview with Yahoo Finance, Heath Tarbert, the president of Circle and former CFTC chairman, elaborated on the vision for the development of USDC. He pointed out that when Circle launched USDC in 2017 to 2018, the goal was to build a high-speed circulating foundational currency layer for the internet, ensuring its long-term existence.
Tarbert emphasized that, as a publicly listed company in the United States, enhancing transparency and corporate governance is a key step in Circle's development. He also mentioned that Circle, as a neutral platform, combines the characteristics of traditional financial compliance with Web3 concepts, viewing banks as ideal partners rather than competitors.
He added that the company's listing conveys a message to banks and tech companies: "their money is now open, and with regulatory approval they can do business with Circle in meaningful ways."

According to Gate News bot, reports say that the official Discord server of the Crypto Assets project EtherFi has been attacked by a Hacker. The Hacker spread false information containing scam links on the platform. EtherFi officials have issued a warning to all users, urging them to refrain from clicking on any links on the Discord platform. Currently, the EtherFi team is investigating this security incident and has promised to provide updates in a timely manner.

According to the Gate News bot, the Gate market shows that the BTC_USDT price has broken through 105000 USDT, with the current price at 105003.5 USDT.

Gate News bot news, GMGN co-founder Haze recently shared the team's development journey over the past six months. Faced with limited resources and a small team size, the GMGN team made several key decisions: first, to restructure the account system and security mechanisms to enhance user safety; secondly, to choose to lay out on the BSC chain in the multi-chain development strategy and achieve short-term rise; in addition, the team also restructured the product architecture, focusing on improving system performance and user experience.

Gate News bot message, Bitcoin Mining Pool and Blockchain Explorer Mempool officially released a statement through social media, emphasizing that the platform has never offered any "encryption recovery services." Mempool reminds users that if they receive phishing emails claiming to be from "mempool recovery(mempool recovery)" and using its logo, these are all fraudulent activities.
Source: Wu Says

According to Gate News bot, data from SoSoValue shows that on June 6, Eastern Time, Ethereum Spot ETF had a total net inflow of 25.2228 million dollars, continuing the trend of net inflows for 15 consecutive days. Among them, the ETHA fund under Blackrock topped the list with a single-day net inflow of 15.8559 million dollars, and the historical cumulative net inflow of ETHA has reached 4.855 billion dollars.

According to Gate News bot, data from SoSoValue shows that on June 6, Eastern Time, the Bitcoin Spot ETF experienced a total net outflow of 47.8225 million USD. On that day, only the BlackRock ETF IBIT saw a net outflow. The Bitwise ETF BITB became the Bitcoin Spot ETF product with the highest net inflow for the day, with a single-day net inflow of 31.8127 million USD. As of now, the historical total net inflow of BITB has reached 1.972 billion USD.

Gate News bot news, the DeFi protocol ALEX has encountered an attack event due to a vulnerability in the coin listing verification logic. In this attack, the ALEX protocol lost approximately $8.37 million in assets, including 8.4 million STX, 21.85 sBTC, 2.8 WBTC, and about $150,000 in stablecoin.
The ALEX Lab Foundation has responded to this incident, announcing that it will fully compensate affected users in USDC. The compensation amount will be calculated based on the average on-chain price on the evening of June 6, and payment will be completed within 7 working days after confirming the relevant information.
Source: Wu Says

According to a CCTV news report, the police in Suzhou, Anhui Province successfully detected a cross-border bank card purchase and sale case. The criminal gang used virtual currency to carry out "air money laundering", and the amount involved exceeded 80 million yuan.
The criminal gang recruits "card merchants" through social software and organizes "card merchant fleets" to collect bank cards domestically, followed by cash withdrawals and purchases of Virtual Money, among other operations. This method allows for cross-border fund laundering to be completed without the bank cards leaving the country.
During the investigation of the case, the police found that due to the criminal group choosing to use Virtual Money for transactions, the domestic card merchants had never met with the online operators, resulting in significant obstacles for the public security organs when verifying the identities of the cross-border buying and selling bank card gangs.
Source: CCTV News

Gate News bot message, in May's development of encryption technology in the Crypto Assets community, the Bitcoin community introduced the BIP-177 proposal, planning to set the base unit to 1 Bitcoin. Ethereum successfully implemented the Pectra upgrade, and Vitalik subsequently published two articles on protocol simplification and the evolution of Rollup security.
In terms of Layer 2 ecosystems, platforms like Optimism, ZKsync, and Polygon are actively implementing upgrades to enhance scalability and developer convenience. In the Solana ecosystem, Anza has introduced a new modular scheduler and consensus system proposal. The Sui network experienced the Cetus hacking incident, and measures have now been taken to freeze assets, with plans to recover assets through a special trading mechanism.
In addition, public chains such as BNB Chain, Near, Filecoin, and Hyperliquid have completed key technological upgrades. In terms of application innovation, Google Wallet uses zero-knowledge proof technology for age verification, Coinbase has released the x402 payment protocol, and World Chain has launched the Orb Mini iris recognition device.

Gate News bot message,
The cryptocurrency investment firm Arca recently announced the liquidation of its Circle shares and the termination of their partnership. According to Cointelegraph, Arca's Chief Investment Officer Jeff Dorman publicly stated that during Circle's IPO process, Arca planned to subscribe for $10 million worth of shares, but ultimately was allocated only $135,000.
Dorman criticized Circle for not communicating in advance about the allocation of IPO quotas, resulting in a waste of resources for the Arca team. In response, Arca decided to close all Circle accounts and stop accepting USDC.

Gate News bot message: According to Cointelegraph, Netflix's new reality show "The House of Streams" has officially launched a Twitch streamer competition, with the winner receiving a reward of over $104,000 in the form of 1 Bitcoin.
The program's official statement released in May pointed out that some individuals are engaging in fraudulent cryptocurrency activities under the program's brand name. The statement emphasized that the program only supports Bitcoin and does not involve any meme coin projects.

Gate News bot message, South Korean President Lee Jae-myung appointed former Hashed Research CEO Kim Yong-bum as the head of the presidential policy office. This position is at the ministerial level and is responsible for formulating national policy directions. Kim Yong-bum previously served as the Deputy Minister of Economy and Finance in the Moon Jae-in administration.
Hashed CEO Simon Kim stated: "The Lee Jae-myung administration has taken an open stance on cryptocurrencies and plans to promote a stablecoin pegged to the Korean won to prevent the outflow of national wealth." Simon Kim also mentioned that South Korean regulators are closely watching the U.S. cryptocurrency policies and considering referencing its regulatory model.
Source: CoinDesk