Weekly Alpha Recap #183 | 1 – 7 June

Last Week News

Macro & Institutions

• Digital euro seen as key to counter stablecoin risks, says ECB’s Schnabel.

• SEC grants Paxos approval to clear and settle securities on blockchain rails.

• Treasury says US seized nearly $1B in Iran-linked crypto.

• Coinbase cooperates with SEC on user-metrics probe.

• Bernie Sanders and Elizabeth Warren urge Labor Department to drop crypto 401(k) rule.

• Crypto Clarity Act and related regulatory actions move back into focus.

• Charles Schwab targets 2027 launch of crypto spot trading for advisors.

• DTCC tokenization push includes Stellar as House Financial Services Committee takes on tokenization.

• Crypto industry forms PAC focused on software developer safeguards ahead of elections.

• Campaign-finance crypto flows widen as DeFi-linked political spending ramps.

• Revolut’s US bank plans to offer stablecoin services.

• ICE talks with Hyperliquid as institutional interest in on-chain perps keeps heating up.

• Pantera letter, Sequans BTC-sale hints, and other institutional market signals circulate.

• Variant raises $222M fund amid continued crypto venture appetite.

• IREN Australia data-center plans join the AI-infra crossover trade.

Stablecoins & Hyperliquid

• Court-ordered Circle freeze traps $12.6M in Zama cUSDC contract amid Overnight Finance suit.

• Mastercard expands stablecoin settlement as Stripe, Visa, and Mastercard back new stablecoin platform.

• Hyperliquid RWA open interest hits $3B all-time high.

• Hyperliquid gains market share in global perpetuals and cements itself as a key after-hours venue.

• Hyperliquid faces UK FCA scrutiny.

• Grayscale launches HYPG Hyperliquid ETF on Nasdaq.

• OpenSea teases perpetuals launch powered by Hyperliquid.

• MoneyGram launches MGUSD stablecoin on Stellar.

• Plasma One launches bank offramps in USD, EUR, MXN, and BRL.

• Tether plans tokenized gold Visa card with XAUT rewards.

• apxUSD and sUSDat depeg events put stablecoin plumbing back under the microscope.

Wallets & UX

• Instagram exploit reported over the weekend affecting account security and 2FA setup.

• Dashlane reports brute-force password attack causing temporary account suspensions.

• Passkeys pitched as the hot-wallet analog for small balances, with hardware wallets still favored for size.

• Trezor discloses hardware-wallet vulnerability; vendor says user funds are safe.

• TrueNorth launches agentic brokerage with wallet-based self-custody trading and AI agents.

• Backpack launches Backpack Securities, a crypto-native brokerage push.

• Coinbase launches direct Indian rupee rails with perpetuals access in India expansion.

Prediction Markets

• Polymarket dispute erupts after Bitcoin-sale bet resolves “No.”

• Galaxy launches institutional OTC prediction-markets trading.

• Ballista launches prediction-market trading terminal.

• Polymarket CMO reportedly moved promotion funds through personal PayPal as South Korea probes users.

Token Launches & Claims

• Fluid token-claim exploit drains rewards via empty Merkle proofs; claiming paused.

• Tea token generation event goes live on Base.

• LayerZero outlines ZRO token economic captures across ecosystem protocols.

• Chainalysis flags addresses that interacted with HTX/Huobi after UK sanctions, affecting airdrops and deposits.

• Payward, Kraken’s parent, plans tokenized IPO access.

• BitMine files preferred stock offering targeting a 9.5% yield.

Protocol & DeFi Updates

• Gnosis will cover all user losses after Gnosis Pay exploit.

• Gnosis Pay and Safe “Delay” module exploit prompts users to withdraw EURe and GNO.

• Radiant Capital to wind down after failing to recover from $50M exploit.

• Cosmos-based Gravity Bridge drained of $5.4M in suspected key compromise.

• Sui mainnet suffers three halts traced to bugs in the v1.72 upgrade.

• Whitehat developer unlocks $2M from 2016 Ethereum ICO contract.

• EdgeX issues refunds and offers $200,000 USDC bounty after 71% token flash crash.

• Exploitation and coordinated pump allegations swirl around EdgeX/Tessera.

• Plume and EtherFi launch $100M RWA vault.

• Ethena taps Anchorage for off-chain collateral in institutional lending push.

• Coinbase backs Ethena and plans a savings/finance product using Ethena.

• Symbiotic launches liquidity network for tokenized assets.

• Solayer launches Solana-native on-chain perps platform Margin Trade on mainnet.

• CME launches 24/7 crypto futures and options trading.

• CME CEO warns new perpetual-futures products carry risk.

• DeFi borrow drawdown deepens as May posts the lowest DAT inflows since October 2024.

Infra, Dev & Culture

• Anthropic launches Claude Opus 4.8 with cheaper Fast Mode pricing.

• Anthropic, Nvidia, and AI-industry hiring/product signals keep the infra narrative alive.

• Post-quantum public-key registry design proposed for Ethereum validators.

• Nous Research launches Hermes Desktop.

• Atrium Hermes launches AI-agent marketplace on Base.

• Binance launches US stocks and ETFs trading for non-US users with stablecoin and BNB settlement.

• Binance winds down centralized NFT service with one-month withdrawal window.

• Sui Foundation publishes postmortem on upgrade bugs behind mainnet halts.

• Hong Kong expert group and banks plan tokenized bond and deposit initiatives.

Drama & Shenanigans

• Zcash critical vulnerability disclosed; ZEC plunges.

• Crypto fund outflows hit $1.67B as Bitcoin records its biggest weekly withdrawal of 2026.

• Spot Bitcoin ETFs see $2.4B in May net outflows as market pressure builds.

• BitMine adds 26,497 ETH, lifting holdings to 5.42M ETH.

• Strategy-linked BTC sales, liquidations, and price slump dominate market chatter.

• Mt. Gox moves 10,306 BTC to a new wallet after two months of inactivity.

• Mt. Gox repayment and market-commentary threads keep traders doomscrolling.

• Crypto derivatives activity slumps as US perp-market opportunity opens up.

• Bitwise CIO Matt Hougan calls crypto a “contrarian bet.”

• BullX pauses trading as team shifts resources to next version.

Projects Highlights

Raflux

• Twitter: https://x.com/raflux_io

• Moni Discover: https://discover.getmoni.io/raflux_io

• Moni Score: 175

Moni's Review/Opinion:

Raflux is a raffle marketplace for trading-card and graded-card collectors, running on Base and using Chainlink VRF. Recently it has been teasing a shake-and-win early access launch, running ticket giveaways, sourcing graded cards at events (ICS 2026 and Japan), promoting a Softcap Listing feature for sellers, and announcing a strategic advisor. Teasing shake-and-win early access on Base and posting build hints. Running raffle ticket giveaways, sourcing graded slabs at events, and announcing a strategic advisor.

Gloobs

• Twitter: https://x.com/thegloobs

• Moni Discover: https://discover.getmoni.io/thegloobs

• Moni Score: 88

Moni's Review/Opinion:

An NFT project offering a cast of "weird little creatures" on Ethereum. Recently the team opened a registry and has been teasing species selection, posting character reveals and lore, and prompting followers to prepare for upcoming claims. Registry is open; followers are asked to choose which creature/species they’ll keep. Timeline activity centers on creature reveals, lore teases, and preparations for claim mechanics.

Unimarkets

• Twitter: https://x.com/unimarketsdotio

• Moni Discover: https://discover.getmoni.io/unimarketsdotio

• Moni Score: 93

Moni's Review/Opinion:

Unimarkets is a prediction-markets aggregator and trading terminal that lets users monitor and execute trades across multiple prediction platforms. Recently the team has been teasing a product reveal (June 8), running prediction contests and promotions, hiring for multiple remote roles, and announcing a partnership with BodegaCardano to improve liquidity, market intelligence, and cross-ecosystem interoperability. Teased a new product reveal on June 8 and repeatedly promoted a ‘‘coming soon’’ terminal. Running prediction contests, listing remote hires, and announcing partnership with @BodegaCardano.

MagPie Lending [launched]

• Twitter: https://x.com/magpieloans

• Moni Discover: https://discover.getmoni.io/magpieloans

• Moni Score: 80

Moni's Review/Opinion:

MagPie Lending is a permissionless Solana lending protocol that lets users pledge memecoins or tokenized stocks as collateral to borrow SOL. It recently went live with a demo and reported 539 total loans ($72,898 issued in collateralized loans), shipped a referral program, updated LP reward splits to pay MAGPIE holders, and moved initial onboarding to Telegram after Phantom wallet warnings. 539 total loans: 435 outstanding, 104 repaid; $72,898 issued in collateralized loans. Launched referral program; LP split now gives 10% of loan fees to MAGPIE holders, 5% to referrers, 80% to LPs.

DEX ScreenerMagpie $783.27K - Permission-less Lending / SOL on Solana / PumpSwap - DEX Screener$0.0008255 Permission-less Lending (Magpie) realtime price charts, trading history and info - Magpie / SOL on Solana / PumpSwaphttps://dexscreener.com/solana/9qpmfsvfmutrxr9f6cdw9jwsyv6hndosbnenrquq1uqk

Searxly [launched]

• Twitter:

• Moni Discover:

• Moni Score: 52

Moni's Review/Opinion:

Searxly is a native macOS browser focused on privacy, powered by SearXNG and tied to the $SEARXLY token. Recently the account has been soliciting design feedback and user ideas, emphasizing local control and encryption of Searxly data, and promoting the $SEARXLY token while teasing an upcoming post about the project's vision. Asking followers which design they prefer and inviting feature ideas. Stressing local SearXNG instances, encrypted personal data, and promoting $SEARXLY while teasing a vision post.

DEX ScreenerSEARXLY $284.30K - Searxly / WETH on Base / Uniswap - DEX Screener$0.000002843 Searxly (SEARXLY) realtime price charts, trading history and info - SEARXLY / WETH on Base / Uniswaphttps://dexscreener.com/base/0x5bc0459a609544e31577dd7c1a4f678ce4119fc2fb1a02bd54c7f821501685e7

Berries Coin [launched]

• Twitter:

• Moni Discover:

• Moni Score: 114

Moni's Review/Opinion:

Berries Coin is a Solana-based token and prize platform that runs provably fair on-chain draws awarding real-world One Piece trading cards and NFTs. Recently the team has been updating infrastructure (DNS/name server migration) and warning users about a phishing domain, while continuing to run draws: awarding cards on-chain, excluding a DEX liquidity pool winner and re-rolling that draw, and loading new prizes. Performed a planned DNS/nameserver upgrade and warned users about a phishing site; provided a safe URL. Posted multiple draw results with on-chain proof, sent cards to winners, excluded a DEX liquidity pool winner and re-rolled.

DEX ScreenerBerries / SOL on DEX ScreenerPrice $0.000134 · -28.99% 24h · Liquidity $29,684.98 · Market cap 134.38Khttps://dexscreener.com/solana/4vzbs2q6hfxnjyc58wc21qrgd48nfgvjzmcn7rgczugx

c0mpute [launched]

• Twitter:

• Moni Discover:

• Moni Score: 82

Moni's Review/Opinion:

c0mpute is a decentralized AI network that lets users share compute to run private, censorship‑resistant inference (built on Solana). Recently it pushed a native worker update (up to 4x context window, faster inference), acquired two 24/7 GPUs via Vast.ai to support always‑on inference and upcoming agents/API endpoints, launched staking and treasury pages, ran a treasury revenue split that buys & burns a Solana token and adds USDC to the stake pool, and locked 10% of $ZERO for one year. Released native worker update: up to 4x context window, faster inference; operators should restart to pull the update.

DEX ScreenerZERO $369.52K - c0mpute / USDC on Solana / PumpSwap - DEX Screener$0.0004144 c0mpute (ZERO) realtime price charts, trading history and info - ZERO / USDC on Solana / PumpSwaphttps://dexscreener.com/solana/gn9whjwrkgu8jbrpm5oa4iwszyw1livjb397dsyvbvg

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