GitFish to Refund LINUX Bidders and Traders While Introducing V2 Upgrades

GitFish has announced it will refund all LINUX token bidders and traders due to identified flaws in the token mechanism. The platform has officially discontinued the LINUX token and withdrawn 25,003 SOL from its liquidity pool.

Key Details:

• Full Refunds: Users who did not sell their LINUX tokens will receive 100% reimbursement.
• Partial Refunds: Those who sold portions of their holdings will get prorated refunds.
• Deadline: Claims must be submitted by June 5 at 21:00 EST by transferring tokens to a designated wallet.

GitFish V2 Enhancements:

• Permissioned Token Launches: New tokens will only launch after codebase owner approval.
• Decentralization: The platform will transition to a permissionless model.
• Streamlined Fundraising: Reduced funding targets with immediate sales closure upon achievement.

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SOL Strategies Files Prospectus for $1 Billion Securities Offering

SOL Strategies Plans $1 Billion Capital Raise for Solana Ecosystem Growth

Canadian-listed SOL Strategies Inc. (CSE: HODL) has submitted a preliminary prospectus to raise up to $1 billion over two years. The funds will support investments in Solana blockchain infrastructure and ecosystem projects.

Highlights:

• Securities Offered: Common shares, warrants, and other equity instruments.
• Flexible Funding: CEO Leah Wald emphasized the need for capital agility in Solana’s expanding market.
• Regulatory Approval: Final terms will be disclosed via a supplemental prospectus.

Gate.io to List Paparazzi Token (PAPARAZZI) with HODLer Airdrop

Gate.io Announces Global Debut of PAPARAZZI Token and $15M Airdrop

Gate.io will list Paparazzi Token (PAPARAZZI) for spot trading on June 2 at 17:00 UTC+8, alongside an airdrop distributing 15 million tokens.

Participation Rules:

• Eligibility: Hold a minimum of 1 GT token.
• Reward Cap: Maximum allocation of 2,000 GT per user.
• Deadline: June 2 at 13:00 UTC+8.

Arkham Reveals Strategy’s Bitcoin Wallet Addresses Despite CEO Opposition

Arkham Exposes Strategy’s 70,816 BTC Holdings Valued at $54.5 Billion

Blockchain analytics firm Arkham Intelligence publicly identified Strategy’s Bitcoin wallets, holding 87.5% of its disclosed reserves. This contradicts CEO Michael Saylor’s stance against address transparency.

Controversy & Data:

• Saylor’s Criticism: Argues public addresses increase security risks, advocating for audited disclosures instead.

• Custody Breakdown:

  • 107,000 BTC: Fidelity Digital Assets (non-segregated).
  • 327,000 BTC: Coinbase Prime (segregated).

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FAQ Section

Q: How do I claim my LINUX token refund?
A: Send your tokens to GitFish’s specified wallet by June 5, 21:00 EST.

Q: What is SOL Strategies’ funding goal?
A: To raise up to $1 billion for Solana ecosystem investments.

Q: Can I trade PAPARAZZI before June 2?
A: No, trading begins at Gate.io’s announced time.

Market Updates: ETH Gains 2.98%, SocialFi Sector Rises 10.96%

Top Performers (24h):

• Ethereum (ETH): Up 2.98% to $2,700.
• SocialFi Sector: Mask Network (MASK) +11.57%, Toncoin (TON) +12.03%.
• Layer2: Optimism (OP) +5.01%, Arbitrum (ARB) +7.95%.

ETF Inflows:

• Bitcoin ETFs: $433 million net inflow (10 consecutive days).
• Ethereum ETFs: $84.89 million net inflow (8 consecutive days).

HTX Research: Altcoin Season Indicators Emerge

Analysts Spot Capital Shift from BTC to High-Beta Altcoins

HTX researcher Chloe notes rising Solana and Base activity, suggesting an impending altcoin season if Bitcoin’s dominance falls below 52%.

Promising Sectors:

• Crypto Lending: Maple Finance’s TVL surged to $13 billion.
• InfoFi: CookieDotFun ($COOKIE) trades at 1/5th of competitor Kaito’s valuation.

Antalpha Allocates $40M to XAUt for Gold-Backed Loans

Antalpha Expands Collateral Options with XAUt and AI GPUs

The platform will accept XAUt, Bitcoin, mining rigs, and AI GPUs as loan collateral, alongside new Ethereum margin lending via Northstar.

Jupiter to Quadruple Contract Order Limits with New Pricing Model

SOL Order Limits May Rise to $10M, BTC/ETH to $20M

Jupiter’s updated price-impact mechanism aims to reduce liquidation risks, enabling higher trade ceilings.

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