SoSo Daily Jun 5 | Data: Currently, James Wynn's $126 million BTC long position is less than $250 away from the liquidation price.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Lagrange (LA). As of 00:00 today, its market cap is 146.13M USD, with a coin price of 0.75717 USD, witnessing a 24-hour increase of 1410%.
The second is De.Fi (DEFI). As of 00:00 today, its coin price is 0.0028600 USD, with a 24-hour increase of 128%.
The third is Galaxia (GXA). As of 00:00 today, its coin price is 0.0035427 USD, showing a 24-hour increase of 92.3%.
In fourth place is MUX Protocol (MCASH). As of 00:00 today, its coin price is 0.00018770 USD, with a 24-hour rise of 38.4%.
In fifth place is Livepeer (LPT). As of 00:00 today, its coin price is 10.452 USD, increasing by 32.8% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:ChainCatcher reports that according to on-chain data analyst Ai Yi (@ai_9684xtpa), as Bitcoin briefly dropped below $105,000, it was only $233 away from the liquidation price of James Wynn's position at $104,720. Currently, he still holds a long position of 1,201 $BTC (126 million USD), with an unrealized loss approaching $1.40 million.
Next news:According to ChainCatcher, as reported by Jinse, JPMorgan Chase plans to offer financing services for clients targeting cryptocurrency ETFs.
Next news:Wu Shuo learned that the US ADP employment number for May was 37 thousand, expected to be 110 thousand, and the previous value was 62 thousand. The US ADP employment number for May was 37 thousand, marking the smallest increase since March 2023.
Next news:ChainCatcher reports that, according to Bitcoin Magazine, Nasdaq-listed company Semler Scientific has announced the purchase of an additional 185 bitcoins for $20 million.
Next news:According to ChainCatcher news and official announcements, Coinbase International will launch the Sophon perpetual contract. The SOPH-PERP market will open on or after 9:30 AM (UTC) on June 5, 2025.
Next news:Wu Shuo learned that Coinbase announced support for Ethena (ENA) tokens on the Ethereum network (ERC-20). Deposits for this asset are now open, and trading will begin at or after 9:00 AM Pacific Time on June 5, 2025, depending on liquidity conditions. Initially, the ENA-USD trading pair will be opened in phases.
Next news:ChainCatcher reports that Sygnum Bank, in its latest market outlook analysis, pointed out that the circulating supply of Bitcoin has decreased by approximately 30% over the past 18 months, leading to a significant decline in market liquidity. Analysts indicate that with the increase in ETF inflows and the rising interest of various governments in Bitcoin reserves, the market may face a "demand shock," where the number of buyers far exceeds the available amount of Bitcoins.

Furthermore, the turmoil in the U.S. Treasury market and the weakening of the U.S. dollar have enhanced Bitcoin's appeal as a safe-haven asset, further driving demand. These combined factors could trigger upward price volatility for Bitcoin in the coming months.
Next news:ChainCatcher news, according to Bitcoin.com, BlackRock's tokenized money market fund BUIDL announced a dividend payout exceeding 10 million USD in May, setting a new record for a single month. Since its launch, the fund has cumulatively paid out 43.40 million USD in dividends, with current assets under management totaling 2.91 billion USD. BUIDL was launched jointly by BlackRock and Securitize, with investment targets including U.S. Treasury bonds, cash, and repurchase agreements, issuing tokens across seven blockchains including Ethereum and Solana. In the May dividend payout, Ethereum network tokens accounted for 93.7% (approximately 9.37 million USD), with the remaining chains collectively accounting for 6.3%.
Next news:ChainCatcher reports that Nasdaq-listed company and e-commerce platform operator Treasure Global Inc. (NASDAQ: TGL) announced the launch of a $100 million digital asset treasury plan to enhance its digital infrastructure and support the rollout of its AI consumer intelligence platform. The plan's funds consist of two parts: $50 million from an existing equity financing agreement, and an additional $50 million newly invested by strategic institutional investors. The funds will be allocated in phases to configure blockchain-native assets such as Bitcoin, Ethereum, and regulated stablecoins, aiming to improve capital efficiency and lay the foundation for future tokenization, loyalty programs, and blockchain settlement systems.
Next news:ChainCatcher news: Crypto exchange Rails announced that it has completed a new funding round of 14 million USD this week, led by Slow Ventures, with participation from Kraken, CMCC Global, Quantstamp, and Round13 Capital. The company aims to provide US traders with a popular but hard-to-access asset type: perpetual futures (perps). Rails had previously raised about 6.20 million USD in seed funding, bringing the total funding to over 20 million USD.

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.