Title: Prominent Developments in the Crypto and Financial Sectors
1. BNB Surpasses Starbucks in Market Capitalization
The market value of BNB has now exceeded that of Starbucks, solidifying its position as a leading cryptocurrency.
2. US House Appropriations Budget Aims to Halt SEC’s Implementation of SAB 121
The proposed budget by the US House of Representatives seeks to prevent the Securities and Exchange Commission (SEC) from implementing SAB 121, signaling potential changes in regulatory policies.
3. Research Reveals Lack of Awareness Regarding Digital Euro
A recent study shows that nearly 60% of the 2,012 surveyed individuals are unaware of the concept of a digital euro, highlighting the need for further education on the matter.
4. Qatar’s Sovereign Wealth Fund Agrees to Acquire 10% Stake in Huaxia Fund
In a significant move, Qatar’s sovereign wealth fund has agreed to purchase a 10% stake in Huaxia Fund, expanding its investment portfolio.
5. Global Web3 Funding Reaches $917 Million in May, Farcaster Valued at $1 Billion
The total funding in the Web3 industry reached an impressive $917 million in May, with Farcaster’s valuation soaring to $1 billion.
6. Injective Destroys 60,000 Tokens and Locks Over 50 Million INJ on the Chain
Injective, a prominent cryptocurrency platform, has burned 60,000 tokens in May, while also securing over 50 million INJ tokens through on-chain staking.
7. Bitcoin Mining Pools Dominate Block Production in the Past 72 Hours
In the last 72 hours, three Bitcoin mining pools have collectively mined 69% of the 436 blocks generated during this period, showcasing their dominance in the mining industry.
8. BlackRock and Citadel Securities Plan to Launch National Securities Exchange in Texas
BlackRock and Citadel Securities have announced their joint plan to establish a new nationwide securities exchange in Texas, aiming to enhance the efficiency and accessibility of the financial market.
9. Cryptocurrency Exchange DMM Looks to Raise $322 Million for Customer Withdrawals and Fees
DMM, a popular crypto exchange, intends to raise $322 million through capital infusion and internal lending to ensure smooth customer withdrawals and cover associated costs.
