Cointelegraph _ One-Minute Breaking News Coinbase shares surged after JPMorgan upgraded its rating and USDC's potential. JPMorgan expects Coinbase to unlock billions of dollars through its Base Layer-2 network and USDC rewards reform, raising its target price and driving a significant surge in shares. Asia Express: Most Wealthy Hong Kong Investors Plan to Buy Crypto, Japan Plans to Invest in Bitcoin. Hong Kong's wealthy investors plan to enter the cryptocurrency space this year, South Korea will ban stablecoin yields, and more. Galaxy Digital Analyst Says Bitcoin Bull Run Unaffected, But Key Levels Signal Risk. In an interview with Cointelegraph, Galaxy Digital's head of research explained why Bitcoin is at a critical juncture and the factors that could determine its next decline. Pump.fun Acquires Padre for Expansion as Memecoin Market Cools. As Solana's memecoin market retreats from its 2024 highs, Pump.fun has acquired the Padre trading terminal to enhance token liquidity. Binance founder Changpeng Zhao's presidential pardon is not an acquittal—it absolves him of punishment but does not exonerate him from his guilt—and solidifies his conviction, barring his appeal and exposing Binance to civil lawsuits. "Please follow, like, comment, share, and repost to maximize your audience. More informative content like this is coming soon."

#BOB is not #MEME $BOB #HODL

According to ChainCatcher, Bitget Onchain has launched BGSC, BlueChip, stockcoin, HOOD, and GAYMAN, MEME tokens from Solana and BNB Smart Chain. Users can start trading in the Onchain trading section. Bitget Onchain aims to seamlessly connect CEX and DEX, providing users with a more convenient, efficient, and secure on-chain trading experience. Users can directly use Bitget spot accounts (USDT/USDC) to trade popular assets on the chain. Currently, popular public chains such as Solana (SOL), BNB Smart Chain (BSC), and Base are supported.

$ADA ADA stablecoin is a digital currency based on the Cardano blockchain that is pegged to fiat currencies (such as the US dollar) or crypto assets. It aims to provide a price-stable transaction medium for the decentralized finance (DeFi) ecosystem. As a third-generation public chain, Cardano provides an efficient and secure underlying infrastructure for the issuance and circulation of stablecoins with its high scalability, low fees and rigorous academic research foundation. The core advantages of ADA stablecoin include: 1. Stability: Maintain the value of the target currency 1:1 through over-collateralization of ADA or other assets (such as USDC), algorithmic regulation or hybrid mechanisms to reduce market volatility risks. 2. Low transaction costs: Cardano's PoS consensus mechanism (Ouroboros) ensures fast transactions and low fees, suitable for high-frequency payments and small transfers. 3. DeFi integration: Users can use ADA stablecoins in Cardano's DEX (such as SundaeSwap) and lending protocols for liquidity mining, lending and other operations without relying on the traditional banking system. 4. Compliance: Some ADA stablecoins may be issued by regulated institutions to meet anti-money laundering (AML) requirements and enhance the confidence of institutional investors. In the future, as the functions of Cardano smart contracts are improved, ADA stablecoins may become a key component of its ecological prosperity, promoting large-scale applications in scenarios such as cross-border payments and supply chain finance.

[Current mainstream CEX and DEX funding rates show that the market is neutral and bearish] According to Coinglass data on June 2, the current mainstream CEX and DEX funding rates show that the market is neutral and bearish. The specific mainstream currency funding rates are shown in the attached figure. Note: Funding rates are the rates set by cryptocurrency trading platforms to maintain a balance between contract prices and underlying asset prices, and are usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means that the market is generally bearish.