Rhythm Morning News｜A list of important news from last night and this morning on June 3

The U.S. Bitcoin Spot ETF increased its holdings of 29,592 BTC in May

BlockBeats news, on June 2, according to HODL15Capital monitoring, the U.S. Bitcoin Spot ETF increased its holdings of 29,592 BTC in May, equivalent to approximately US$2.004 billion.

Data: DEX spot trading volume in May reached 88.66 billion US dollars, a decrease of 30.6% from the previous month

BlockBeats news, on June 2, according to The Block data, the total DEX spot trading volume in May reached 88.66 billion US dollars, a decrease of 30.6% from the previous month of 1.27 trillion US dollars in April.

In addition, Uniswap's total trading volume in May was 48.45 billion US dollars, with a market share of 54.64%.

This week’s unlocking data at a glance: GAL and HFT will unlock tokens worth tens of millions of dollars at one time

BlockBeats news, on June 3, Token Unlocks data showed that 4 projects will have a one-time large-scale unlocking of tokens this week, with a total value of over 12.38 million US dollars. Among them:

Liquity will unlock 657,300 LQTY at 8:00 on June 5, accounting for 0.68% of the circulating supply, with a value of approximately US$742,800;

Galxe will unlock 2.03 million GAL at 8:00 on June 5, accounting for 1.76% of the circulating supply, with a value of approximately US$7.26 million;

Euler will unlock 60,500 EUL at 23:14 on June 6, accounting for 0.32% of the circulating supply, with a value of approximately US$285,000;

Hashflow will unlock 13.62 million HFT at 8:00 on June 7, accounting for 3.36% of the circulating supply, with a value of approximately US$4.01 million.

TON network TVL exceeds 340 million US dollars, more than doubling in the past month

BlockBeats news, on June 2, according to DefiLlama data, TON network TVL is now reported at 340.85 million US dollars, a figure that is 117% higher than the 156 million US dollars a month ago.

Among them, the current TVL of the TON network DEX protocol STON.fi is 229 million US dollars, a monthly increase of 109%, and the protocol accounts for 67.35% of the total TVL of the ecosystem.

NOT's 24-hour total network transaction volume exceeded 4.6 billion US dollars, second only to Bitcoin and Ethereum

BlockBeats news, on June 3, according to CoinGecko market information, NOT's 24-hour total network transaction volume reached 4.646 billion US dollars, second only to Bitcoin, Ethereum and USDT, ranking fourth in total network transaction volume.

Among them, the transaction volume of NOT/USDT on the Binance platform reached 2.175 billion US dollars, accounting for 46.56% of the total transaction volume of the token, and the transaction volume of NOT/USDT on the OKX platform reached 628 million US dollars, accounting for 13.45% of the total transaction volume of the token.

Velocore releases vulnerability incident analysis report and will compensate affected users

BlockBeats news, on June 2, Velocore released a vulnerability incident analysis report, indicating that the protocol suffered a security vulnerability on June 2, resulting in a loss of approximately $6.8 million worth of ETH. The root cause of this vulnerability is a vulnerability in the Balancer-style CPMM pool contract. The main cause of the incident was a logical error in the "velocore__execute()" function of ConstantProductPool, and measures have been taken to ensure that the vulnerability can no longer be exploited.

The platform is currently actively investigating and tracking down the hacker, while attempting on-chain negotiations and requesting various protocols and trading platforms to cooperate in investigating the attacker's activities. It also maintains close communication with security partners and foundations.

For affected users, the platform has taken a snapshot before the incident. Once operations are resumed, an appropriate compensation plan will be implemented to address the losses suffered by users.

Ethena reserve fund increased to US$41.8 million

BlockBeats news, on June 2, according to Ethena's official website data, as of June 2, the stablecoin protocol Ethena reserve fund reached US$41.8 million, and the reserve fund increased by US$4.8 million in the past month.

Matter Labs abandons "ZK" trademark application

BlockBeats news, on June 3, according to official news, Matter Labs, the entity behind zkSync, decided to abandon all trademark applications for the term "ZK".

According to previous news, Matter Labs filed trademark applications for "ZK" in 9 countries, claiming that the term "zero-knowledge" is the company's exclusive intellectual property. This move has caused widespread dissatisfaction in the encryption industry. Polyhedra, Polygon and StarkWare issued a joint statement stating that ZK should not be a company's trademark and "should continue to be a public product."

Tether co-founder Brock Pierce hints at returning to Hong Kong to run new projects

BlockBeats news, June 2, according to the South China Morning Post, Tether co-founder Brock Pierce said that as the government works to attract the crypto industry to return, he is considering returning to Hong Kong to work for the third time. Brock Pierce did not disclose what his new business will do and whether Hong Kong will become its new headquarters.

Brock Pierce co-founded stablecoin Tether in Hong Kong a decade ago and sold his stake a year after the company was founded. He first entered the virtual currency field through Internet Gaming Entertainment, a company he founded in Hong Kong, which sold virtual currencies traded in games. In 2012, he sold another of his companies, Zam, a video game community building company founded in 2003, to Tencent Holdings.

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