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The Block

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15-day streak brings Ethereum ETFs to record high cumulative inflow value
Bitcoin ETFs reached a similar milestone in late May, setting a cumulative inflow record, but have shed around $1 billion in value since then. ...

Stacks-based Alex Lab to reimburse users after $8.3 million exploit as token drops 45%
The exploit was Alex Lab's second major exploit in as many years, and the recovery process from last year's exploit has yet to conclude. ...

Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow
Hyperliquid’s encroachment into Binance’s long-held dominance is becoming harder and harder to ignore....

Pump.fun will distribute protocol revenue to PUMP token holders: sources
Pump.fun is allegedly considering a revenue-sharing mechanism for its native PUMP token, according to two sources familiar with the matter....

Eric Trump says World Liberty will buy ‘substantial position’ in Trump memecoin, nixes ‘official’ wallet
Earlier this week, Magic Eden and the $TRUMP token project announced a forthcoming "official" wallet and trading app....

Crypto fund issuers press SEC to reinstate ‘first-to-file’ ETF approval process
Crypto fund issuers urged the SEC to go back to an approach that allowed ETPs to be approved on a first-come first first-served basis...

Bitcoin rebounds after liquidation-driven sell-off triggered by Trump-Musk clash
Analysts point to broader concerns as compounding market stress, though some say Bitcoin could soon recover if key resistance levels hold....

Winklevoss-founded crypto exchange Gemini files draft statement to go public
Gemini filed for an initial public offering on Friday, signaling growing momentum among crypto firms seeking to go public in the U.S....

The Daily: Crypto market sees at least $1 billion in liquidations amid Trump-Musk feud, X partners with Polymarket, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Apple, X, Airbnb, Google join other Big Tech firms exploring stablecoin adoption: report
They join other Big Tech firms, such as Meta and Uber, in weighing whether to adopt dollar-pegged assets for cheaper transactions. ...