Crypto Morning News: Huawei Proposes the “Tao Law”; Unitree Technology’s STAR Market IPO Hearing Scheduled for June 1
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Crypto Morning News: Huawei Proposes the “Tao Law”; Unitree Technology’s STAR Market IPO Hearing Scheduled for June 1
MoonPay launches a dedicated app on ChatGPT, enabling users to directly purchase cryptocurrencies.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
U.S.-Iran Ceasefire Agreement Extended by 60 Days
According to Nikkei, the ceasefire agreement reached between the U.S. and Iran in early April will be extended for another 60 days. Vessels from all countries will once again be able to navigate freely and safely through the Strait, as before its closure.
SoftBank Plans $1.6 Billion Subordinated Bond Issuance Targeting Retail Investors
According to Bloomberg, SoftBank Group Corp. plans to raise approximately $1.6 billion through a new subordinated bond issuance primarily targeting retail investors. Regulatory filings indicate the bonds have a 35-year maturity, with a call option exercisable by the issuer after five years. Pricing is scheduled for June 5, with the initial coupon guidance range set at 4.8%–5.6% for the first five years. This marks SoftBank’s second similar retail bond offering within roughly two months.
Tether to Launch Official Stablecoin GEL₮ in Collaboration with Georgian Government
Tether announced it will collaborate with the Georgian government to launch the official stablecoin GEL₮, pegged to the Georgian lari and issued under a newly developed stablecoin regulatory framework. GEL₮ aims to serve as a digital representation of the Georgian lari, reducing transaction costs, enabling near-instant settlement, supporting programmable payments, and improving the efficiency of fund flows in cross-border transfers and the broader digital financial system. Tether stated that the project is expected to support cross-border trade, fintech development, and digital payments.
Aptos’ Three Tokenomics Proposals Approved and Implemented; Hard Cap Supply Ceiling Adjusted to 2.1 Billion Tokens
Aptos confirmed that all three tokenomics proposals have been approved and fully implemented—including setting the token hard cap supply ceiling at 2.1 billion tokens, reducing staking rewards from 5.19% to 2.6%, and increasing gas fees tenfold. Aptos stated that these adjustments have officially taken effect.
SquidRouter Exploited: ~$3M Stolen from 86 Gnosis Safe Wallets
Security platform Blockaid detected an ongoing attack targeting the SquidRouterModule on Ethereum and Base. Within approximately two hours, attackers drained assets from 86 Gnosis Safe wallets, resulting in total losses of roughly $3 million. All stolen tokens were swapped for DAI via the attacker’s self-deployed Uniswap V3 liquidity pool and consolidated into a single wallet (currently holding ~3.07 million DAI).
Kelp DAO: rsETH Recovery Plan Execution Completed; 20,373.72 rsETH Transferred to rsETH OFT Adapter
According to official announcements, Kelp DAO confirmed that the final batch of 20,373.72 rsETH was transferred earlier today to the rsETH OFT adapter, completing the operational phase of the rsETH recovery plan.
Hyperliquid Launches Off-Chain Event Prediction Markets
According to official announcements, Hyperliquid now supports standardized outcome markets based on off-chain events. These markets are published by automated news-source software operated daily by validators as part of their on-chain operations. Validators vote on market deployment and settlement based on criteria including rule clarity, outcome correctness, and subjective market quality.
Polkadot OpenGov Initiates Referendum on Minimum 10,000-DOT Self-Stake Requirement for Validators
Polkadot OpenGov is currently voting on a major staking architecture reform. Referendum #1890 proposes that Polkadot validators must lock at least 10,000 DOT of their own funds as self-stake.
This reform is considered a mandatory prerequisite for the next major staking upgrade, which includes eliminating slashing risk for nominators and reducing unbonding time from approximately 28 days to roughly 24–48 hours. Per the proposal logic, validators would directly bear slashing risk through higher self-stake, while nominators could continue earning staking rewards without exposure to principal slashing risk.
XRPL Developers Warn XRP Community About Fraud Involving Fake Wallets and Airdrops
According to BSCNews, XRPL developer Wietse Wind issued a new security alert to the XRP community, warning of a recent surge in scams targeting Xaman Wallet users. Fraudsters are currently promoting counterfeit desktop wallet applications and fake airdrop campaigns to trick users into connecting their wallets or downloading malicious software—thereby stealing funds. Wietse Wind advised users not to connect their wallets to suspicious websites or download any unofficial applications to avoid asset loss.
MoonPay Launches Dedicated App on ChatGPT, Enabling Direct Crypto Purchases
MoonPay has launched a dedicated app on ChatGPT Apps, allowing users to generate checkout links and purchase cryptocurrencies—including Bitcoin, XRP, Solana, and USDC—without leaving ChatGPT. This integration makes MoonPay one of the few apps within ChatGPT capable of directly facilitating cryptocurrency purchases.
Previously, crypto-related apps on the ChatGPT App Store focused largely on blockchain data and price tracking. Other such apps include Kraken, OKX, CryptoAudit, and RealOpen.
Unitree Robotics’ STAR Market IPO Scheduled for Review on June 1
The Shanghai Stock Exchange’s Listing Review Committee has scheduled its 31st Listing Review Meeting of 2026 for June 1, 2026, to review the initial public offering application of Unitree Robotics Co., Ltd.
Market Data
Recommended Reading
Vitalik Reveals: Ethereum Foundation Steps Back from “Parental” Role as ETH Comes of Age
https://www.techflowpost.com/zh-CN/article/31729
This article explores the evolving role of the Ethereum Foundation within the decentralized ecosystem, focusing on five key points outlined by Vitalik Buterin in his latest long-form essay. It illustrates the Foundation’s transformation—from an “Ethereum central bank” to an “Ethereum values constitutional court”—and analyzes the historical inevitability and implications of this shift for both markets and technology.
SaaS Software Stocks Amid the AI Wave: Analyzing the Bottom-Fishing Logic for Salesforce, ServiceNow, and Snowflake
https://www.techflowpost.com/zh-CN/article/31735
This article examines the impact of AI technologies on the SaaS software industry and its future trajectory. By dissecting three representative companies—Salesforce, ServiceNow, and Snowflake—it analyzes their strategic pivots, business model evolution, and market performance amid the AI wave, concluding with investment recommendations. The article argues that AI will not entirely disrupt the software industry but instead eliminate traditional, feature- and interface-driven software while empowering infrastructure and governance platforms—making successful AI adoption the decisive factor for future winners.
After HYPE Hits New Highs, Is PURR—the “HYPE-Style MicroStrategy”—Worth Considering?
https://www.techflowpost.com/zh-CN/article/31737
This article provides a detailed analysis of U.S.-listed company PURR and its relationship with the crypto asset HYPE, exploring PURR’s value proposition, capital efficiency, and how it differs from direct HYPE purchases. It notes that PURR is essentially a stock-wrapped access product, whose primary value lies in providing a compliant investment channel for capital unable to directly invest in crypto assets—not in serving as a true investment vehicle. Investors should monitor HYPE’s performance and PURR’s premium or discount levels, while remaining vigilant about potential dilution risks and incomplete earnings transmission.
1.3 Billion Raised in Seven Weeks, Yet SpaceX Weight Halved: The Dilution Trap in NASA ETFs
https://www.techflowpost.com/zh-CN/article/31738
SpaceX plans to go public on June 12, 2026, with an estimated fundraising range of $40–80 billion—potentially making it the largest IPO in history. The NASA ETF markets itself on its SpaceX holdings; however, due to rapid inflows, SpaceX’s weight in the fund dropped from 10.3% to 4.6%, meaning investors effectively purchased shares of other space-related companies instead. SpaceX’s IPO may trigger a wave of listings by other space industry giants, repeating the same ETF dilution pattern.
When Futu Becomes a Matchmaking Hub—and Overseas Identity Becomes the New “Hard Currency” for China’s Middle Class
https://www.techflowpost.com/zh-CN/article/31742
This article discusses the China Securities Regulatory Commission’s (CSRC) regulatory measures targeting overseas brokers, alongside rising demand among China’s middle class for overseas identity—now emerging as a new “hard currency.” It also analyzes the economic value of overseas identity and its impact on investment markets, tracing the evolution of how China’s middle class acquires overseas resources.
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