Summary of major cryptocurrency materials this week, including the successful BTC mining by individual miners and the purchase of ETH, XRP, and SOL by companies.

## Summary of Materials for cryptoassets (virtual coin)

Price change rate compared to the previous week (1st to 7th)

• Bitcoin (BTC): $104,449 +0.4%
• Ethereum (ETH): $2,476 -2%
• XRP (XRP): $2.16 +1.1%
• Solana (SOL): $148.35 -5.2%

Summarized the materials from the past week, focusing on the top-ranked cryptoassets (coins) by market capitalization.

Market Cap Rank 1: Bitcoin (BTC)

Standard Chartered Bank warned on the 3rd that while the number of listed companies holding Bitcoin is rapidly increasing, there is a possibility of a wave of forced sell-offs during price declines. The bank’s top analyst for digital assets, Jeff Kendrick, has analyzed that a level 22% below the average purchase price of companies is the “potential level for forced liquidation.”

Additionally, according to an analysis released by registered analyst onchained from the cryptocurrency on-chain analysis company Cryptoquant on the 4th, a new group of emerging whales (large investors) holding over 1,000 BTC and with an average holding period of less than 6 months is continuing to buy BTC at a record pace. From March 1 to June 4, their holdings have doubled from about 500,000 BTC to 1,100,000 BTC, recording an increase of 600,000 BTC.

On the 5th, a solo (individual) Bitcoin miner mined Bitcoin block #899,826 alone and earned a reward of 3.15 BTC. This miner, using CKpool’s solo mining environment, received a fixed reward of 3.125 BTC as newly issued coins, along with $2,760 in transaction fees.

Furthermore, Cryptoquant’s registered analyst Crypto Dan announced on the 5th that the current Bitcoin bullish cycle shows characteristics that significantly differ from past trends. In the 2024-25 cycle, two sharp declines occur after a strong rise, indicating a notable deviation from traditional patterns.

Bitcoin (BTC) News and Price

BTC Exchange Comparison | Fees, Spreads, Accumulation, Lending Coins

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Market Cap Rank 2: Ethereum (ETH)

Stani Kulechov, the founder of the DeFi (decentralized finance) liquidity protocol “Aave,” posted on X on May 29 that the Ethereum Foundation is borrowing Aave’s US dollar stablecoin “GHO.” He pointed out that they are not only supplying Ethereum to Aave but also borrowing it, thereby circulating funds.

On May 30, SharpLink Gaming, a sports gaming affiliate company listed on the Nasdaq, submitted Form S-3 ASR to the U.S. Securities and Exchange Commission (SEC) for a stock issuance of up to $1 billion. The company has revealed plans to allocate a significant portion of the raised funds for the purchase of Ethereum.

On the 4th, the Ethereum Foundation announced its financial management policy. It argued that a stronger financial management policy is needed in the long term. Previously, it had only held Ethereum for a long time, but now it is engaging in staking and DeFi operations to enhance financial sustainability and support important categories of applications.

Furthermore, according to the on-chain analysis platform Arkham, it was revealed on the 4th that a Consensys-related whale wallet purchased approximately $320 million worth of Ethereum from Galaxy Digital. The acquired ETH was transferred to a newly created address, of which about $120 million has already been allocated for staking operations through Liquid Collective.

Ethereum (ETH) News & Price

Thorough explanation of investment merits and risks

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Market Cap Rank 4: XRP

On the 2nd, major U.S. cryptoassets custody firm BitGo announced a partnership with VivoPower International, which focuses on financial strategies for XRP. VivoPower is a publicly listed renewable energy company on NASDAQ. At the end of May, it had stated that it raised $121 million to initiate its XRP financial strategy.

On the 3rd, Webus International, a company providing AI-driven mobility solutions, submitted Form 6-K to the US SEC outlining a plan to establish a $300 million XRP reserve. According to the released document, it clarified its funding strategy through non-dilutive fundraising and credit lines.

Additionally, on the 5th, Coinbase announced the launch of the wrapped token “cbXRP” on Base. Wrapping refers to the issuance of an alternative token to enable a specific cryptoasset to be utilized on another blockchain. This launch will enhance the interoperability and utility of XRP.

XRP News & Price

Comprehensive explanation of investment merits and risks

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Market Cap Rank 6: Solana (SOL)

NASDAQ-listed educational technology company Classover Holdings announced on the 2nd that it has entered into a funding agreement with Solana Growth Ventures LLC for up to $500 million. Up to 80% of the raised funds will be allocated for the purchase of Solana tokens, aiming for operational profits through staking.

The company has already entered into a $400 million stock purchase agreement with Solana Strategies Holdings LLC in May 2025, securing a total funding capacity of $900 million, including the current $500 million.

Solana (SOL) News - Price

Recommended Exchanges | Overview of Future Potential, How to Buy, and Risks

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