Crypto News & Market Updates

Odaily Planet Daily reports that Iran's Supreme Leader military advisor Mohsin Rezai posted on social media on the 30th local time, "As expected, the U.S. president is betraying diplomacy for the third time." "Rezai said, "By continuing the maritime blockade and making excessive demands, the U.S. president has proven that he does not intend to negotiate with Iran, but is pursuing other goals." " (CCTV News)

According to Bijie.com, Hu Yanbin's independently developed fan-exclusive interactive community app "Yanhuo" has officially launched today on the Apple App Store. Hu Yanbin shared his development insights during this phase on Xiaohongshu, saying this was his first time personally creating an app, learning Vibe Coding from scratch. Although the process was winding, it was full of achievement. He hopes to create a dedicated space for fans to "speak well and listen well even through a screen" through this app, and will continuously update based on user feedback. This project has sparked heated discussion in the tech and developer circles due to its "celebrity crossover into programmers." As a complete AI-assisted application, "Yanhuo" includes core features such as dynamic sharing, performance announcements, exclusive chat, virtual growth system, and a customized AI assistant "Little Tiger."

Odaily Planet Daily reports that the Bitcoin treasury companies market is becoming increasingly fragmented: on one side, companies with genuine financial strategies, and on the other, companies that rely more on hype and publicity. Sean Bill, co-founder of BSTR (co-founder of BSTR with Adam Back), said: "Many companies lack the right capital structure and the actual capability to deploy Bitcoin." They mainly rely on Bitcoin's own performance to attract investment. Sean Bill describes such companies as "carnival barkers," noting that if companies can easily obtain leverage at low cost, this strategy might work; otherwise, companies must add value in other ways, or investors will choose simpler products like ETFs. According to BitcoinTreasuries data, there are currently 198 publicly traded companies holding about 1.25 million Bitcoins, with Michael Saylor's Strategy holding the largest at 843,738 Bitcoins. Meanwhile, Bitcoin treasury company Nakamoto (NAKA) shares have fallen about 67% year-to-date, down more than 99% since peaking at $34 per share in May 2025, and after hitting a low of $0.16 in April, they conducted a reverse stock split last week. Nasdaq warned the company in December 2025 that its stock price had fallen below $1 for 30 consecutive days and could face delisting risks (SEC filings show it). （Cointelegraph）

Odaily Planet Daily reports that Polymarket has released updates on its platform for this week, mainly including: launching the World Cup page and launching feature tests, launching perpetual contract functionality (including 5 traditional financial trading pairs and BTC perpetual contracts), CLOB performance optimization with a version planned for release next week to address queue congestion issues, open-sourcing the SDK, launching a unified API, and Gamma fixes and improvements (stricter keyset pagination and high-traffic read path indexing for users, Correctness of the profile, commentary, and sports summary production).

Odaily Planet Daily reports that Kyle Samani, former co-founder of Multicoin Capital, posted on X analyzing the development of Kalshi and the U.S. crypto perpetual contract market in three possible scenarios: 1. Kalshi's previous efforts were insignificant: because the U.S. market itself already offers unregulated perpetual contracts. 2. Protocols must meet the eight decentralization tests of the CLARITY Act: If the CLARITY Act passes smoothly, the protocol can offer perpetual contracts in the U.S. without registering as a DCO (Designated Contract Organizer) or DCM (Designated Contract Market). 3. Products can still attract users but cannot legally enter the U.S. financial system: even if users accept them, agreements may still not be distributed within a compliant framework. Analysts believe that these potential outcomes highlight the complex relationship between current U.S. derivatives regulation and decentralized protocols, as well as the uncertainty of how innovative financial products can be implemented legally and compliantly.

BlockBeats reported that on May 30, Kyle Samani, former co-founder of Multicoin Capital, and renowned researcher DeFi Monk debated the prospects of Hyperliquid. DeFi Monk is optimistic about Hyperliquid, believing that despite regulatory uncertainty and competitive risks, it has huge long-term potential: Hyperliquid is disrupting the global CFD trading market, which has a daily nominal trading volume of about $1 trillion. Even under current restrictions, it remains a very robust and attractive business. If regulatory issues are resolved, the growth potential is nearly limitless, and it could become a super-large enterprise overnight. Monk believes the worst outcome is to maintain the status quo and continue steady growth; the best outcome is explosive growth. Kyle Samani strongly refuted DeFi Monk's optimistic views. He believes Hyperliquid is essentially "Binance 2.0 without a marketing team," making thousands of technical decisions that work in centralized environments but are completely ineffective in permissionless decentralized environments, with the current technical path several steps behind. More importantly, "no real American company will cooperate with them anymore." Hyperliquid's centralized nature and past decisions make it difficult to sustain true decentralization, and optimistic expectations are severely overestimated.

According to CryptoMichNL, "Most crypto losses stem from poor risk management, not the assets themselves." He mentioned that he lost 70% of his altcoin portfolio. He cited Raoul Pal's viewpoint, emphasizing the importance of risk management and sharing five key mistakes: excessive risk, overconfidence in a bull market, the importance of protecting capital, long-term survival and consistency over pursuing returns, and his mistaken feelings when buying Bitcoin at $200 and selling at $2,000. These experiences prompted him to rebuild his risk-first investment process.

BlockBeats reported that on May 30, on-chain detective ZachXBT further revealed that, according to their understanding, Circle's blacklisting of Zama cUSDC contract addresses led to the freezing of about $12.6 million in funds, which was related to a U.S. civil lawsuit, and Circle should have received enforcement notices from U.S. courts. Additionally, the Zama team appears not to have received prior notice of Circle's freeze, and the plaintiffs may have misrepresented the connection between the frozen address and the Zama contract to the court. The civil lawsuit is filed against Overnight Finance, with one of the plaintiffs being Patagon Management, an entity known for malicious DAO takeovers and RFV predation agreements. Zama users will be indirectly affected by this legal dispute. BlockBeats Note: Patagon Management is a US-based cryptocurrency-exclusive investment and trading company founded by Diogenes Casares, primarily focusing on "special case investing," particularly aggressive investments in the decentralized autonomous organization (DAO) sector. This entity is known for participating in malicious DAO takeovers and Risk-Free Value (RFV) predatory strategies, facilitating DAOs to dissolve or liquidate the treasury by acquiring large amounts of governance tokens, driving proposals, and returning value to token holders (or themselves). Having been deeply involved in litigation and governance actions related to projects such as SpartacusDAO, Aragon DAO, and Rook DAO, they are often regarded by project teams as risk-free value predators or "vulture investors."

Odaily Planet Daily reports that Kyle Samani, former co-founder of Multicoin Capital, posted on X criticizing Hyperliquid, saying: "Hyperliquid is essentially just Binance 2.0 without a marketing team." It has made thousands of technical decisions in its architecture that are only suitable for centralized environments but are not suitable for permissionless decentralized environments at all. Now, they have fallen far behind on this path. Moreover, no truly American company will cooperate with them in the future. ”