SudoSoul

🚨 $FTT IS DUMPING HARD!
After Reuters reported that Sam Bankman-Fried lost his bid to overturn his fraud conviction and 25-year prison sentence.
A reminder that even years after the FTX collapse, SBF headlines can still move the token
$FTT ‌

Coin.com News: Bitmine Immersion Technologies announced that the issuance size of its 9.5% Series A perpetual preferred stock has been increased from 3 million shares to 3.5 million shares, with an issue price of $80 per share. The company expects net proceeds of approximately $273.8 million, with settlement planned for June 10. The company said the proceeds will be used to increase holdings of ETH and other digital assets, expand its staking and validation infrastructure (including the Mavan network), and make strategic investments. The preferred stock has applied to be listed on the NYSE under the ticker symbol “BMNP.”

CoinWorld News reports that Ma Ji Huang Licheng increased his ETH long position by 800 units on the HyperLiquid platform, approximately $1,537,720. The current position size is $5,238,520, with the average price adjusted from $1,860.46 to $1,863.87. The current profit and loss is +$19,657.95 (+9.38%), with the current ETH price at $1,870.89 and the liquidation price at $1,795.19. This trader previously profited from blue-chip NFTs but has experienced a massive drawdown since October last year, with funds shrinking from over a hundred million to several hundred thousand dollars.

Do you think $SLX will be as fierce as $LAB ? ‌ ‌

CoinWorld News reports that, according to Certik's report, losses caused by crypto hackers and vulnerabilities in May dropped to $68.3 million, a decrease of nearly 90% from approximately $650 million in April. This is the third month since 2026 where crypto-related losses have been recorded below $100 million. Of the losses in May, about $2.6 million were attributed to phishing. Despite the significant decline in losses, several major attacks still impacted the industry, including an attack on the Verus protocol cross-chain bridge, which caused $11.5 million in losses. Certik also pointed out that code vulnerabilities remain the most costly attack method, with approximately $45 million in losses stemming from protocol code flaws.

CryptoWorld News: HYPE long positions have increased unrealized profits to $37.68M, a rise of 206.90%. The current price is $65.98, with a liquidation price of $50.70, and the position size is $91.05M. This address heavily increased long positions before HYPE was listed on Robinhood and is now the largest HYPE long holder, having previously suffered significant unrealized losses.

Mars Finance News, May 29 — Alibaba Cloud announced that the core capabilities of BaiLian have been CLI-ified. With just one command, the Agent can automatically connect to over 150 models, more than ten applications, as well as knowledge bases, memory, internet search, and other full capabilities. BaiLian CLI is specially designed for Agents, natively supporting mainstream AIs such as Claude Code, Qoder, OpenClaw, Hermes Agent, and others.

BlockBeats News, May 29 — Lenovo Group (00992.HK) surged over 30% during trading, and Lenovo Holdings (03396.HK) rose over 15%. According to the news, Lenovo Group has signed an agreement with Tianjin to build a new generation AI infrastructure.

Japan Industrial Innovation Investment Corporation (JIC) is considering selling chip materials supplier JSR, which was previously taken private for about $6 billion. JIC is regulated by METI, was established in 2018, and aims to improve Japan’s competitiveness through investments. Insiders say that Fujifilm and Mitsubishi Chemical are interested in acquiring it. The AI boom has boosted valuations; JIC initially intended to drive consolidation in the materials industry via JSR, but has now shifted to selling under favorable market conditions. JSR was founded in 1957 and is a leader in photoresists. This fiscal year, its net profit was ¥60,700,000,000, and revenue was ¥400,700,000,000.