Headline
▌SharpLink Gaming, the "ETH version of MicroStrategy", rose more than 650% today, and rose more than 17 times in three days
Market data shows that SharpLink Gaming, a US-listed company of the "ETH version of MicroStrategy", rose more than 650% today, and is now reported at $49. The stock price was only $2.79 three trading days ago, and it rose more than 17.56 times in three days.
As previously reported, SharpLink Gaming announced the Ethereum treasury reserve strategy today, intending to raise $425 million to increase its holdings of ETH. Consensys Software Inc. led the investment as the main investor, and the participating parties included well-known crypto venture capital institutions such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed on May 29. SharpLink plans to use the funds raised to purchase Ethereum as the company's main treasury reserve asset.
▌Trump Media & Technology Group (DJT.O) announced a Bitcoin funding transaction of approximately US$2.5 billion.
Trump Media & Technology Group (DJT.O) announced a Bitcoin funding transaction of approximately US$2.5 billion, and plans to use the funds raised to establish a Bitcoin reserve.
Market
As of press time, according to Coingecko data:
BTC price is $109,100, up or down -0.8% in 24 hours;
ETH price is $2,661.45, up or down +3.9% in 24 hours;
BNB price is $687.15, up or down +2.1% in 24 hours;
SOL price is $176.80, up or down +1.1%;
DOGE price is $0.2281, 24 hours ups and downs +0.2%;
XRP price is $2.32, 24 hours ups and downs +0.5%.
Policy
▌US Congressman Lummis: Trump supports Bitcoin bill
US Senator Cynthia Lummis of Wyoming said on Tuesday that Trump supports her proposed Bitcoin bill. At the Bitcoin Conference in Las Vegas, Lummis said that Trump "has a team in the White House working on digital asset issues - from stablecoins to market structure to Bitcoin strategic reserves - and they may launch them in that order." The senator's draft Bitcoin bill proposes to establish a strategic Bitcoin reserve and purchase 1 million Bitcoins for this purpose.
▌Trump administration officials say "Bitcoin is the gold standard" and make it clear that the government will not sell bitcoins held by it
At the ongoing "Bitcoin 2025" conference, President Trump's executive director said: "Bitcoin is the gold standard." He emphasized: "We will not sell any bitcoins that the US government may hold."
Blockchain Applications
▌MetaMask officially supports the Solana network
According to the official announcement, the MetaMask extended version now officially supports the Solana network. Users can manage Ethereum and Solana accounts on the same interface, send, receive, exchange, bridge and purchase Solana-based tokens, and interact with the Solana dapp.
▌Cetus promises to fully compensate stolen assets if the community vote passes
Cetus said in a post, "We will use cash and token reserves to fully cover the current stolen assets off-chain, provided that the upcoming community vote passes and the locked funds are recovered. This includes a key loan from the Sui Foundation to achieve 100% compensation for all affected users." Cetus pleaded with the Sui community for support and said, "We are well aware that this is an extraordinary request caused by our actions, but we believe this is the most correct decision for the affected users. Regardless of the voting results, the project promises that the recovery work will start immediately and a detailed plan will be developed later."
Cryptocurrency
▌Cantor Fitzgerald launches $2 billion Bitcoin loan program
Cantor Fitzgerald LP officially launched its $2 billion Bitcoin loan program, with the first batch of transactions being cryptocurrency companies FalconX Ltd. and Maple Finance. Digital asset broker FalconX has completed a Bitcoin-backed financing arrangement and plans to draw more than $100 million through a "broader credit framework" with Cantor. At the same time, Maple Finance also announced the completion of the first batch of funds delivered with Cantor's financing facility.
▌BlackRock executives: Bitcoin has much more room to rise than gold
At the ongoing "Bitcoin 2025" conference, BlackRock's managing director said, "Bitcoin has much more room to rise than gold."
▌Trend Research under Yi Lihua increased its holdings of ETH to 133,600 through leverage, with a market value of $358 million
According to the monitoring of on-chain analyst Ember, an institution or whale purchased a total of 8,846.5 ETH at an average price of $2,600 through 4 addresses in the past day, spending $23 million. The source of funds was to buy after borrowing ETH collateralized by Aave, indicating that it is leveraging to increase its positions. The entity currently holds a total of 133,600 ETH, with a market value of approximately $358 million.
Trend Research, owned by Yi Lihua, said that "the above address is the address of this institution." And since the establishment of a position at $1,400 in ETH and the publication of a bullish research report at $1,800, it is still firmly optimistic about the prospects of ETH and its blue-chip ecological assets.
Important Economic Dynamics
▌Trump praises the EU for accelerating the progress of trade negotiations with the United States
US President Trump said that he was encouraged by the EU's accelerated progress in trade negotiations. "I just learned that the EU has proposed to set a time for talks as soon as possible. This is a positive signal, and I hope they will open the markets of European countries to the United States," Trump wrote on social media on Tuesday.
Golden Encyclopedia
▌Will blockchain networks be subject to DDoS attacks?
Distributed denial of service (DDoS) attacks aim to paralyze online systems through massive requests. Although blockchain networks are more resilient due to decentralization, they may still be attacked, such as through spam transactions that cause network congestion or node crashes, affecting normal operation. To prevent DDoS, blockchains need to strengthen security measures at the node and network levels, including improving processing power, deploying firewalls, regular audits, and redundant construction to ensure stable network operation.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
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