IMPOSSIBLE has acquired the Rarible brand and core platform assets
A June 1 update from NFT trading platform Rarible confirms that Web3 infrastructure and investment firm IMPOSSIBLE has completed its acquisition of the Rarible brand and core platform assets.
Rarible’s statement notes the platform has been a key player in the NFT, digital ownership, and creator economy sectors for years, serving artists, collectors, developers, and community users across the space. IMPOSSIBLE will take over the brand and key assets, pledging to uphold Rarible’s existing ecosystem direction rather than completely overhaul the platform.
The acquisition includes Rarible’s RaribleX infrastructure business too—a tech arm that provides support for enterprises and brands looking to build and operate blockchain-based online stores.
Moving forward, IMPOSSIBLE’s focus will be on keeping the platform operational smoothly, continuing to serve artists, creators, collectors, and the NFT community, plus advancing product optimization and ecosystem expansion based on Rarible’s curr
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Huobi HTX has launched perpetual contracts for QNTX, AMAT, and IBM, and kicked off the Contract Trading Party.
On June 1st, crypto exchange Huobi HTX officially launched three new perpetual contract pairs: QNTX/USDT, AMAT/USDT, and IBM/USDT, each offering a maximum leverage of 10x. To mark the launch, the platform is hosting a trading promotion running from 15:00 UTC+8 on June 1 to 15:00 UTC+8 on June 8, with a total prize pool worth up to $20,000.
During the event, users who register to trade these three contracts and hit a cumulative effective trading volume of at least $1,000 USDT will qualify to split the prize pool, with rewards distributed based on their individual trading volume rankings. New users who make their first trades of these contracts during the promotion will also receive exclusive perks.
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Pegnet: In May 2026, the cryptocurrency industry experienced 40 major hacking attacks, with a total loss of $81.7 million, representing an 87.4% decrease from the previous period.
On June 1, blockchain security firm PeckShield announced via social media that the cryptocurrency industry recorded 40 major security incidents in May 2026, resulting in a combined total loss of roughly $81.7 million. This marks an 87.4% plunge from April’s $647 million total loss.
Cross-chain protocols remained a top target for hackers, with 8 major bridge and cross-chain attack events causing approximately $33.28 million in damages, accounting for 41% of the month’s total losses.
The top 10 security incidents in May 2026 are as follows:
- SUPERFORTUNE888: $15.18 million in losses
- Verus-Ethereum Bridge: $11.58 million in losses (recovered)
- THORChain: $10 million in losses
- DxSale: $7.3 million in losses
- TrustedVolumes: $5.9 million in losses
- Gravity Bridge: $5.4 million in losses
- SquidRouterModule: $3 million in losses
- StablR Euro: $2.8 million in losses
- TAC Cross-Chain Layer (TON side): $2.8 million in losses
- RetoSwap: $2.7 million in losses
While the total stolen
5 minutes ago
Bitunix Analyst:Bond Markets Price in"Hikes Without the Hike"—Energy Risk,Bond Repricing,and Institutional Uncertainty All Push Up the Global Cost of Capital
June 1 – U.S. April PCE came in at 3.8%, with core PCE holding steady at 3.3%, and multiple Federal Reserve officials continue to flag persistent inflation risks. That’s pushed the bond market to deliver some of the tightening the central bank would typically implement itself, even before the Fed makes its next policy move. Markets are now embracing a new reality: interest rates could stay higher for longer than previously expected, and financial conditions have already tightened ahead of official policy action.
The key catalyst behind this market repricing is the Middle East. While former President Donald Trump has asserted that the U.S. and Iran have reached tentative agreements on certain issues, significant divides remain over Tehran’s nuclear program, the disposition of its enriched uranium stockpiles, and jurisdiction over the strategic Strait of Hormuz. Iran has not only refused to ship its enriched uranium abroad; its parliament is advancing a bill claiming “sovereign jurisdic
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CanGu Mine Releases Q1 Financial Report: Total Revenue of $102 million, Stable Core Mining Cash Flow, EcoHash AI Hashpower Platform Launched
June 1, 2026: U.S.-listed Bitcoin miner Cango Inc. (NYSE: CANG) released its Q1 2026 financial results. For the three-month period, total revenue reached $102 million, with the Bitcoin mining segment contributing $98.4 million. The company mined 1,266 Bitcoin during the quarter. A key focus this period was aggressive deleveraging: long-term debt plummeted 94.5% from $557.6 million at the end of 2025 to just $30.6 million, a move that greatly strengthened Cango’s balance sheet. By quarter’s end, the firm held 1,026 Bitcoin, plus received a $65 million capital injection from its chairman to boost liquidity.
While Cango posted a net loss of $261.1 million, driven mainly by non-cash impairment charges tied to falling Bitcoin prices—specifically $151.8 million in fair value adjustments for pledged receivables and $69.3 million in mining hardware impairments—its core mining cash flow remained solid. Operational hash rate clocked in at 37.01 EH/s, with self-operated capacity at 27.98 EH/s. T
5 minutes ago
「Stock God」 Serenity: Bullish on XFAB, Believes Its Valuation Is Below Reset Cost, With SiC, GaN, and Silicon Photonics Multi-Growth Thesis
On June 1, so-called "Stock God" Serenity shared a post outlining his investment thesis for Belgium-based semiconductor foundry XFAB. He argues that surging demand for 800V power architectures, AI data centers, and power semiconductors will continue driving growth in the silicon carbide (SiC) and gallium nitride (GaN) supply chains. As the only high-capacity pure-play SiC foundry operating in the U.S., XFAB holds a critical position in the ongoing restructuring of Western semiconductor supply chains, per Serenity.
Serenity noted XFAB has already scaled production of advanced 6-inch SiC processes and is currently expanding its 8-inch GaN capacity. The company also has potential to launch 8-inch SiC operations in the future, with support from the U.S. CHIPS Act. While XFAB’s SiC business revenue jumped 152% year-over-year, he added its growth upside hasn’t been fully priced in due to the broader automotive industry downturn. XFAB partners with power semiconductor firms Navitas (NVTS) an
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