SoSo Daily May 30 | Donut Labs completes $7 million Pre-Seed round of financing, led by Sequoia Capital, Bitkraft, and HackVC

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 23:50 on May 29, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is Galaxia (GXA). As of 23:50 today, its market cap is 10.62M USD, with a coin price of 0.0035976 USD, witnessing a 24-hour increase of 91.1%.
The second is Cloud (CLOUD). As of 23:50 today, its coin price is 0.15060 USD, with a 24-hour increase of 66.6%.
The third is Gearbox (GEAR). As of 23:50 today, its coin price is 0.0070710 USD, showing a 24-hour increase of 48.1%.
In fourth place is CANTO (CANTO). As of 23:50 today, its coin price is 0.011323 USD, with a 24-hour rise of 46.1%.
In fifth place is Dmail Network (DMAIL). As of 23:50 today, its coin price is 0.20477 USD, increasing by 43.4% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, Layer2, DePIN, and AI sectors are worth mentioning.
Layer2 sector has fallen 3.49% relative to the UTC 0 time, led by declines in ever (-18.5%), SOPH (-14%), and A8 (-7.93%).
DePIN sector has decreased 3.95% relative to UTC 0, with snm (-55.8%), PRAI (-35.1%), and DTEC (-13.5%) leading the drop.
AI sector has fallen 4.1%, with PRAI (-35.1%), shoggoth (-29.3%), and BAI (-23.2%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:New York-based startup Donut Labs has completed a $7 million pre-seed funding round led by Sequoia Capital, Bitkraft, and HackVC, with participation from Solana, Matrix Partners, and others. The company aims to develop Donut, the world's first AI-driven "agent-type" crypto browser. This browser integrates a native crypto wallet and decentralized exchange, supporting AI agents to understand page intents and autonomously execute blockchain transactions such as token swaps, yield farming, and portfolio optimization. (Cointelegraph)
Next news:

According to TechFlow by ShenChao, on May 29, Jin10 Data reported that White House National Economic Council Director Hassett stated that the judge's ruling on tariffs will be overturned.

Next news:According to The Wall Street Journal, on May 29, 2025, the Federal Court of Appeals temporarily stayed the ruling made the previous day by the International Trade Court, which had found that the broad tariffs imposed by the Trump administration under the 1977 International Emergency Economic Powers Act (IEEPA) lacked authorization. The court issued an "administrative stay," not a substantive ruling on the case. The Trump administration requested an expedited freeze of the ruling, stating that if the intermediate court does not support them, they will seek emergency intervention from the Supreme Court.
Next news:Wu Shuo learned that a foreign couple (Russian nationality, engaged in cryptocurrency business) in Buenos Aires, Argentina, was kidnapped by two suspects of Chechen descent on Friday night in their apartment and extorted for a ransom of 43 thousand US dollars in cryptocurrency. The female victim (30 years old) called for help in English from the balcony, attracting the attention of nearby restaurant staff who alerted the police. The police quickly rescued the kidnapped couple (male, 27 years old). The Argentine Federal Police (PFA) confirmed that the two suspects fled to the United Arab Emirates by plane from Ezeiza Airport several hours after the incident. Interpol has issued a red notice for their arrest.
Next news:

Kazakhstan President Kassym-Jomart Tokayev announced the launch of a "CryptoCity" pilot zone in the Alatau region, allowing the use of cryptocurrencies for paying for goods, services, and even real estate investments, aiming to establish a regulatory sandbox for digital assets.

Minister of Digital Development Zhaslan Madiyev stated that the government is working with regulatory agencies to determine the best location, with Alatau being the preferred choice due to its status as an innovative technology park and research center.

Previously, Kazakhstan launched a central bank digital currency pilot in 2024, significantly shortening the value-added tax refund time. (Cointelegraph)

Next news:Bitcoin investment firm Twenty One Capital has added 100 million USD in convertible senior secured bond financing, bringing the total financing amount to 685 million USD in preparation for its merger with Nasdaq-listed Cantor Equity Partners (CEP). The new financing comes from existing investors and sponsors exercising purchase options from the April funding round. The bonds carry an annual interest rate of 1% and mature in 2030. Previously disclosed financing included 385 million USD in bonds and 200 million USD in PIPE financing. (CoinDesk)
Next news:Vaulta (formerly EOS Network) has partnered with Fosun Wealth Holdings to provide blockchain infrastructure for Hong Kong's financial industry, focusing on Fosun's virtual asset business "FinChain." Vaulta offers its BankingOS suite, with the exSat digital banking platform supporting asset issuance, yield generation, and crypto payments. Fosun provides financial licenses and real-world asset (RWA) issuance, offering compliance support for Vaulta to expand blockchain-native banking services. (CoinDesk)
Next news:Wu Shuo learned that Arkham posted that despite Michael Saylor previously stating he would not disclose his addresses publicly, Arkham has begun identifying the Bitcoin holding addresses of Strategy (formerly MicroStrategy). As of now, it has confirmed holdings of 70,816 $BTC under its name, corresponding to a market value of approximately 54.50 billion USD, accounting for 87.5% of the company's publicly disclosed total Bitcoin holdings (including assets custodied at Fidelity Digital). Previously, Arkham also identified over 327 thousand $BTC custodied by Strategy at Coinbase Prime.
Next news:According to Bloomberg, Reform UK leader Nigel Farage announced at the Bitcoin Conference in Las Vegas in May 2025 that if his party wins the next election, it will push the UK to become a "crypto powerhouse" and will submit a "Crypto Bill" to Parliament.

The bill includes reducing the capital gains tax on crypto investments from 24% to 10%, establishing a two-year regulatory sandbox, and banning restrictions on services that accept cryptocurrency payments.
Next news:Telegram issues $1.70 billion convertible bonds, part of which will be used for debt refinancing

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.