Pump.fun plans to raise 1 billion yuan, Satoshi Nakamoto's net worth exceeds Bill Gates

Headline

▌Pump.fun plans to conduct a $1 billion token sale with a $4 billion FDV

Two sources told Blockworks that pump.fun plans to raise $1 billion through a token sale. The FDV of the token after the sale is $4 billion. The source added that the token will be sold to public and private investors. It has not yet been confirmed when the token will be launched, nor whether it will be issued on the pump.fun platform. Sources said the token may be issued in the next two weeks.

▌Satoshi Nakamoto's net worth has exceeded Bill Gates

Arkham said on the social platform that Satoshi Nakamoto is now richer than Bill Gates, with a net worth of $116.7 billion and a net worth of $116.2 billion.

Market

As of press time, according to Coingecko data:

BTC price is US$105,404, up or down -0.4% in 24 hours;
ETH price is US$2,595.45, up or down -0.6% in 24 hours;
BNB price is US$661.39, up or down -0.8% in 24 hours;
SOL price is US$155.18, up or down -0.8% in 24 hours;
DOGE price is US$0.1932, up or down -1.2% in 24 hours;
XRP price is US$2.25, up or down +2.2% in 24 hours.

Policy

▌Former Vice President of Bank of China: The accelerated development of US dollar stablecoins brings profound warnings to China

Wang Yongli, former vice president of Bank of China, pointed out in an article that the market value of US dollar stablecoins has exceeded US$240 billion, accounting for more than 99% of global legal currency stablecoins, and the annual settlement volume exceeds US$27.6 trillion, which has surpassed the scale of Visa and MasterCard. The United States has actively seized the commanding heights in the field of digital finance and enhanced the international influence of the US dollar through legislation to support the development of crypto assets and US dollar stablecoins, which is of great strategic significance. Wang Yongli suggested that China adjust its crypto asset and stablecoin policies, learn from Hong Kong's stablecoin supervision experience, and consider launching offshore RMB stablecoins. At the same time, the digital RMB should break through the M0 and retail positioning, integrate resources to improve efficiency, and accelerate its widespread use at home and abroad. He emphasized that combining the advantages of digital currency and digital identity, China is entirely possible to achieve world leadership in the development of digital finance and digital economy.

▌Chairman of the U.S. House Financial Services Committee: Both Houses Still Need to Agree on Certain Aspects of the Stablecoin Bill

French Hill, Chairman of the U.S. House Financial Services Committee, said that the House and Senate still need to agree on some issues before the stablecoin bill becomes law. The Senate will approve its version of the bill, the GENIUS Act, as early as this week. In recent weeks, the stablecoin bill has been passed in early procedural votes in the Senate Banking Committee and the Senate with strong bipartisan support. But the bill was delayed for a time due to opposition from Democrats, who believed that the bill did not contain enough measures to prevent illegal activities and that public officials such as the president should be prohibited from participating in such businesses.

Blockchain Applications

▌Trump Crypto Dinner Attendees Receive Limited NFTs, Rarest Version Sold for $16,000

Attendees and registrants recently received limited-edition Solana chain NFT airdrops as a follow-up to the crypto dinner hosted by US President Trump at the Washington National Golf Club last month for the top 220 holders of his official meme coin TRUMP. These NFTs are divided into three levels: "Power to the Holders" (sent to 1,049 addresses), "Gold Gala Dinner" (sent to 219 attendees), and the rarest "Diamond Hands" (sent to 118 participants who held tokens throughout the entire process). Currently, one of the rarest "Diamond Hands" NFTs has been sold for 99.9 SOL (about $16,000), while the floor price of the "Gold Gala Dinner" series is 48.15 SOL (about $7,700). Officials said these NFTs are "historical collections commemorating the crypto president" and have no practical use at present.

▌Digital wealth management platform Scalable Capital completes 155 million euros in financing

German digital wealth management platform Scalable Capital announced the completion of 155 million euros in financing, led by Noteus Partners, with participation from Balderton Capital, Tencent and HV Capital. Scalable Capital was founded in Munich in 2014 by Erik Podzuweit and Florian Prucker, and supports customers to invest in more than 8,000 stocks, 2,500 ETFs, 3,500 funds and cryptocurrencies.

▌Trump’s eldest son: The newly launched TRUMP wallet on the market has nothing to do with the Trump Group, and WLFI will launch an official wallet

Donald Trump Jr., Trump’s eldest son and co-founder of WLFI, issued a statement to clarify that “The Trump Group has no connection with this wallet product (Magic Eden and TRUMP Meme jointly developed). Eric Trump and I know nothing about this. Please stay tuned-World Liberty Financial, which we have been working hard to promote, will soon launch our official wallet.” Earlier, information on the official website of the TRUMP wallet showed that Magic Eden and TRUMP Meme officially cooperated to jointly develop the TRUMP encrypted wallet.

Cryptocurrency

▌Bloomberg Analyst: IBIT Bitcoin Holdings May Surpass Satoshi Nakamoto by the End of Next Year, Becoming the World's Largest Bitcoin Holder

Eric Balchunas, senior ETF analyst at Bloomberg, posted on social media that he predicts that IBIT (BlackRock Bitcoin Spot ETF) is likely to surpass Satoshi Nakamoto by the end of next year and become the world's largest Bitcoin holder. This also reflects the convenience, low cost, high liquidity and credibility of ETFs.

▌Trump's Truth Social Submits Bitcoin ETF Application

According to a document obtained by Bitcoin Magazine, Trump's Truth Social has submitted a Bitcoin ETF application.

Important Economic Dynamics

▌The White House said Trump signed an order to increase steel and aluminum tariffs, effective from the early morning of June 4

The White House announced that President Trump has signed an order to increase steel and aluminum import tariffs to 50%, effective from 00:01 a.m. Eastern Time.

Golden Encyclopedia

▌What are Ethereum Futures ETFs and how do they work?

Ethereum Futures ETFs are investment funds that track Ethereum futures contracts rather than Ethereum itself.

Consider a contract that promises to buy Ethereum at a specific price at a certain time in the future. These derivative contracts are traded through Ethereum (ETH) futures exchange-traded funds (ETFs), providing a regulated way to invest in Ethereum using a brokerage account.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.