Binance Issues Alpha Point Bot Violation Notice: Non-Manual Methods Will Be Considered Violations

On June 6th, as per Decrypt, Greg Solano, the CEO of Yuga Labs, put forward a plan to dissolve the ApeCoin DAO. The assets and responsibilities of the ApeCoin DAO would be transferred to a new entity established by Yuga Labs called ApeCo. Solano criticized that the ApeCoin DAO "has deviated from a commitment to a slow, noisy, and unprofessional governance performance." Resources were wasted on "vain proposals and low-impact plans." The new entity will concentrate on supporting high-quality projects and strengthening the three core pillars of ApeChain, Bored Ape Yacht Club, and Otherside. If the proposal gets approved, ApeCoin holders will lose all governance rights. This move is part of Yuga Labs' strategic restructuring. The company has recently sold NFT project IPs like Moonbirds and CryptoPunks in order to refocus on its core business.

On June 6th, the Trump Media Group (traded on Nasdaq and NYSE Texas: DJT) announced that it had submitted an S-3 registration statement to the U.S. Securities and Exchange Commission regarding a previously signed debt and equity subscription agreement with approximately 50 investors, with a total revenue of around $2.3 billion. This is regarded as "one of the largest publicly traded company Bitcoin reserve transactions." The registration statement encompasses the resale of approximately 56 million shares of stock and 29 million shares of convertible bonds to investors. Additionally, it includes a shelf registration for future mergers and capital raising to offer flexibility to the company. CEO Devin Nunes stated that these actions will provide Trump Media with the capital, assets, and independence required to achieve rapid expansion and attract more users to the "patriotic economy."

On June 6th, The Kobeissi Letter put out an article saying that Elon Musk has now succeeded in annoying both the Republican Party and the Democratic Party. In reality, Elon has now openly been against both parties, but he has always had the same goal: to bring an end to America's deficit spending. Nonetheless, this shows Musk's mission of setting aside politics and reducing America's deficit spending. The Kobeissi Letter advocates that "We must set aside politics to end the American debt crisis."

On June 6th, due to the showdown between Musk and Trump last night, Tesla's stock price dropped by more than 14%, causing its market value to shrink by $153 billion, marking the largest single-day decline in history.
Musk holds approximately 12.8% of Tesla's shares. As a consequence, the value of this portion of stocks has shrunk by more than $19.5 billion.

On June 6th, the investment tycoon and CEO of Pershing Square, Bill Ackman, expressed on social media that he is in support of U.S. President Trump and also backs Musk. He holds the view that for the well-being of the United States, they should coexist in peace. When people unite, they will be stronger than when they are divided. (FX678)

June 6th. A recent research report by CITIC Securities indicated that recent developments have taken place in the legislation of stablecoins in the United States and other countries. The report holds the view that the Trump administration is promoting cryptocurrency-related bills with three intentions: to assist families in accumulating wealth and fulfill campaign pledges, to promote the expansion of the stablecoin market in order to relieve the pressure of insufficient demand for U.S. debt, and to strengthen the linkage between stablecoins and the U.S. dollar in order to delay the process of de-dollarization. Consequently, the normalization process of stablecoins is anticipated to continue. The expansion and development of the stablecoin market serve as a medium- to long-term positive factor for the cryptocurrency market. Nevertheless, the accelerated upward trend of cryptocurrencies may need to await policy certainty from the Trump administration. (Jinse)