TL;DR

• Nearly 60% of 2,012 people surveyed are unaware of the digital euro.

• Injective destroyed 60,000 tokens in May, with over 50 million INJ staked.

• BlackRock and Citadel Securities are launching a new national stock exchange in Texas.

• BNB's market value now exceeds that of Starbucks.

• The U.S. House budget aims to stop the SEC from enforcing SAB 121.

• Global Web3 funding hit $917 million in May, with Farcaster valued at $1 billion.

• Crypto exchange DMM plans to raise $322 million to cover customer withdrawals and other expenses.

• Three Bitcoin mining pools mined 69% of 436 blocks in the past 72 hours.

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Alpha of the Day

Digital Euro? Never Heard of It!

In a study that screams "we need better PR," nearly 60% of 2,012 respondents admitted they had no clue about the digital euro. Yes, the same euro that's supposed to revolutionize the way we think about money in the EU. It's like Bitcoin, but, you know, with that classic European flair. This lack of awareness is the financial equivalent of discovering half your friends have never heard of "Game of Thrones." Someone get these people a digital pamphlet and maybe a catchy TikTok video stat!

Token Toast: Injective's Burn Baby Burn

In a fiery move straight out of a summer blockbuster, Injective destroyed 60,000 tokens in May, making way for a leaner, meaner crypto ecosystem. On top of that, over 50 million INJ tokens have been staked, showing that the community is as committed as a gym junkie in January. It's all part of their master plan to make INJ one of the most deflationary assets around. Who knew digital tokens could have such a dramatic storyline?

Yeehaw! A New Stock Exchange in Texas

BlackRock and Citadel Securities are teaming up to launch a new national stock exchange in Texas. Because everything’s bigger in Texas, including stock markets, apparently. Forget the Wall Street wolves; we’re about to see some cowboy traders in action. This new exchange promises to shake things up more than a rodeo on a Friday night. So saddle up, investors, because the Lone Star State is about to get a whole lot wilder.

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BNB Brews Bigger Than Starbucks

Move over, Starbucks! BNB's market value has now surpassed the coffee giant, proving that crypto is the new caffeine. Binance Coin (BNB) is waking up the financial world one blockchain at a time, and unlike your morning latte, its value isn’t going to disappear after a few sips. So, next time you think about grabbing that frappuccino, remember: you could be investing in something that won't just keep you up, but could potentially skyrocket your portfolio.

U.S. House Blocks SEC's Crypto Crusade

In a plot twist worthy of a political drama, the U.S. House appropriations budget aims to block the SEC from enforcing SAB 121. This move is like the financial world's version of saying "Not today, SEC, not today." It's a power play to keep the crypto world a bit freer and less regulated, much to the relief of many in the industry. Think of it as a get-out-of-jail-free card for your favorite digital currencies.

Web3 Wonderland: $917 Million Raised in May

In May, the Web3 world was rolling in the green, raising a whopping $917 million. Farcaster led the charge with a jaw-dropping valuation of $1 billion. It’s like the tech world's version of hitting the jackpot in Vegas. This massive influx of cash proves that the Web3 space is hotter than a midsummer sidewalk. Get ready for more decentralized apps and blockchain innovations because this ride is just getting started.

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DMM's $322 Million Rescue Plan

Crypto exchange DMM is on a mission to raise $322 million to cover customer withdrawals and other expenses, and they're doing it through capital increases and internal lending. It's like a financial bake sale, but with way more zeros. They’re pulling out all the stops to keep things running smoothly. So, if you see DMM hustling harder than a startup at a tech convention, now you know why.

Qatar's Big Bet on China Asset Management

Qatar's sovereign wealth fund is making headlines with its decision to acquire a 10% stake in China Asset Management. It’s like the financial equivalent of drafting a star player to your team. This move shows Qatar’s strategic play in diversifying its investment portfolio, proving that even sovereign wealth funds like to mix things up. It’s a big win for China Asset Management and a savvy move for Qatar.

Bitcoin Mining Monopolies

In a mining frenzy that’s got everyone’s attention, three Bitcoin mining pools have managed to mine 69% of the 436 blocks in just 72 hours. It’s like the mining version of dominating the high score in an arcade game. These pools are proving that when it comes to crypto mining, go big or go home. So, if you were wondering where all the Bitcoin is coming from, now you know the top players making it rain blocks.

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