ASXN Daily 02-06-2025
Market Updates
Macro, Regulation and Markets
CoinShares reported $286M net inflows into digital-asset investment products during the week ending 1 Jun 2025, lifting the seven-week total to $10.9B. Ethereum products attracted $321M, while Bitcoin saw an $8M outflow. [source]
The GENIUS stablecoin bill could reach a US Senate vote by 8 Jun 2025 as negotiators finalize amendments; a recent poll found 74% of voters support dedicated crypto legislation. [source]
Over the next 7 days, major one-time token unlocks (over $5 million) will include ENA (cliff: 3.72%), TAIKO (cliff: 71.23%), and NEON (cliff: 6.48%). Significant linear unlocks (daily unlocks over $1 million) are expected for SOL (linear: 0.09%), WLD (linear: 2.69%), TIA (linear: 1.06%), DOGE (linear: 0.06%), TAO (linear: 0.59%), AVAX (linear: 0.17%), SUI (linear: 0.10%), DOT (linear: 0.15%), IP (linear: 0.86%), MORPHO (linear: 2.57%), NEAR (linear: 0.24%), ETHFI (linear: 3.53%), JTO (linear: 1.29%), and others. The total value of tokens to be unlocked exceeds $369 million.[source]
Crypto liquidations totaled approximately $152.06M in the past 24h, impacting 73,083 traders, with $71.26M from longs and $80.80M from shorts. BTC liquidations amounted to $42.54M, ETH $32.62M, SOL $6.92M, and FLOCK $6.31M. The largest single liquidation was a $2.02M BTCUSDT order on Bybit [source].
Exchanges and Listings
Binance Alpha listed the Taiko token on 31 May 2025; users with at least 205 Alpha Points can claim an airdrop of 130 TAIKO via the exchange’s Alpha event page. Taiko is an open-source ZK-rollup that mirrors Ethereum’s execution environment. [source]
Bitcoin
Metaplanet purchased 1,088 BTC for $117M at an average $108,072 per coin, bringing its holdings to 8,888 BTC acquired for $851M. [source]
Strategy acquired 705 BTC for $75.1M at $106,495 per coin and now holds 580,955 BTC bought for $40.68B; the firm reports a 16.9% BTC yield YTD 2025. [source]
Ethereum
Wintermute said malicious contracts deployed after the Pectra upgrade on 2 Jun 2025 attempted to drain wallets but were blocked by existing safeguards. [source]
Hyperliquid
A 1 June 2025 upgrade cut HyperEVM small blocks block time from 2s to 1s. [source]
Developments
Ethena integrated its USDe stablecoin and staked tsUSDe with the TON blockchain; the assets are live in TON Space, MyTonWallet, TonHub and TonKeeper, broadening access for Telegram users to dollar savings and DeFi tools. [source]
ETHGlobal Prague named finalists including Wrld Map, Karma Proof, Detox-Hook, 0xCollateral, MCPay.fun and Pomodoki, covering ZK-proof travel rewards, soulbound NFTs, Uniswap V4 hooks, uncollateralized loans, stablecoin pay-per-use APIs and gamified productivity tools. [source]
Market Data
BTC ETF
BTC ETFs total net daily flow for 30 May 2025 is –$616.10M.
Breakdown:
IBIT: –$430.80M
FBTC: –$13.70M
BITB: –$35.30M
ARKB: –$120.10M
BTCO: $0.00M
EZBC: $0.00M
BRRR: $0.00M
HODL: $0.00M
BTCW: $0.00M
GBTC: $0.00M
BTC: –$16.20M
Total net daily flow: –$616.10M
Total cumulative flows to date: $45,009.70M
ETH ETF
ETH ETFs total net daily flow for 30 May 2025 is +$70.20M.
Breakdown:
ETHA: +$70.20M
FETH: $0.00M
ETHW: $0.00M
CETH: $0.00M
ETHV: $0.00M
QETH: $0.00M
EZET: $0.00M
ETHE: $0.00M
ETH: $0.00M
Total net daily flow: +$70.20M
Total cumulative flows to date: $13,425.90M
Sector Returns
Top Performing Sectors
Privacy sector is up 7.05% over the past 24 hours (XMR, ZEC, DVPN).
Hyperliquid Ecosystem sector is up 6.18% over the past day (PURR, HFUN).
NFT sector has risen 5.04% over the past day (PENGU, BLUR, CULT).
Worst Performing Sectors
Modularity sector is down 1.02% over the past 24 hours (DYM, ALT, TIA).
Gaming sector is down 1.25% over the past day (PIXEL, ILV, RONIN).
AI sector has fallen 0.95% in the past 24 hours (FET, AR, IO).
Token Returns
Top Performing Tokens
BONK (Memecoin) is up 13.22% in the past 24 hours.
PENGU (NFT) is up 6.97% in the past 24 hours.
XMR (Privacy) is up 7.21% in the past 24 hours.
MOBILE (DePIN) is up 6.16% in the past 24 hours.
IOT (DePIN) has risen 6.94% in the past 24 hours.
Worst Performing Tokens
ARB (L2) is down 10.99% in the past 24 hours.
HFUN (Hyperliquid Ecosystem) is down 4.66% in the past 24 hours.
CFG (RWA) is down 4.99% in the past 24 hours.
MPL (RWA) is down 4.45% in the past 24 hours.
WTAO (AI) has fallen 3.57% in the past 24 hours.
Governance
Chaos Labs Risk Stewards - Adjustment of Supply Caps on Aave V3 - 05.31.25
Protocol: Aave
Date: 2025-05-31 10:34:22
Description: ChaosLabs proposed adjusting Aave V3 supply caps for selected assets based on updated risk parameters.
[ARFC] Onboard tBTC to Aave v3 on Base
Protocol: Aave
Date: 2025-05-30 18:15:46
Link: https://governance.aave.com/t/arfc-onboard-tbtc-to-aave-v3-on-base/22226
Description: FREDY proposed adding tBTC as a supported asset on Aave v3 deployed on the Base network.
Ethena’s May 2025 Governance Update
Protocol: Ethena Foundation
Date: 2025-06-02 08:05:52
Link: https://gov.ethenafoundation.com/t/ethena-s-may-2025-governance-update/587
Description: steakhouse posted Ethena’s monthly governance update summarizing protocol changes and ongoing initiatives.
AGV Monthly Update (May 2025)
Protocol: Arbitrum Foundation
Date: 2025-05-30 18:09:21
Link: https://forum.arbitrum.foundation/t/agv-monthly-update-may-2025/29353
Description: GozmanGonzalez shared the May 2025 report on activities and budget updates from the Arbitrum Grants and Ventures (AGV) program.
dYdX Surge Season 3
Protocol: dYdX
Date: 2025-06-01 16:58:05
Link: https://dydx.forum/t/dydx-surge-season-3/3629
Description: chaoslabs introduced Surge Season 3, a new reward cycle for dYdX traders with adjusted parameters and timelines.
Updates to Inertia VIP Criteria
Protocol: Initia
Date: 2025-06-02 08:42:39
Link: https://forum.initia.xyz//t/updates-to-inertia-vip-criteria/258
Description: Inertia proposed revised eligibility conditions for its VIP program under the Inertia track.
Updating Inertia VIP Criteria
Protocol: Initia
Date: 2025-06-02 08:00:14
Link: https://forum.initia.xyz//t/updating-inertia-vip-criteria/256
Description: Inertia shared updates to Inertia’s VIP qualification framework, including refined metrics and participation benchmarks.
Updating Embr VIP Criteria
Protocol: Initia
Date: 2025-06-02 03:19:05
Link: https://forum.initia.xyz//t/updating-embr-vip-criteria/252
Description: stan proposed changes to the VIP qualification rules for Embr participants within the Initia ecosystem.
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