Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold

By: rootdata|2026/05/27 03:45:00

整理：ChainCatcher

Important News:

Vitalik: The Ethereum Foundation will "downsize" and reduce the sale of ETH
Tom Lee: BitMine is on the preliminary inclusion list for the Russell 1000, potentially welcoming a $2.15 billion buy order
Binance launches DYOR research tool, supporting on-chain data queries for Alpha tokens
YZi Labs launches recruitment platform YZi Talent, integrating job positions from its Web3, AI, and biotechnology investment portfolio
Indonesian government bans prediction market platform Polymarket on grounds of illegal online gambling
Tether will collaborate with the Georgian government to launch an official stablecoin GEL₮

What important events happened in the past 24 hours?

Tether will collaborate with the Georgian government to launch an official stablecoin GEL₮

According to ChainCatcher, Tether announced it will collaborate with the Georgian government to launch an official stablecoin GEL₮, which will be pegged to the Georgian Lari and issued under a specially designed regulatory framework for stablecoins.

GEL₮ aims to serve as a digital representation of the Georgian Lari, reducing transaction costs, enabling near real-time settlements, supporting programmable payments, and enhancing the efficiency of fund flows in cross-border transfers and the digital financial system. Tether stated that the project is expected to support cross-border trade, fintech development, and digital payments.

Blockaid: Squid suspected of being attacked, approximately $3 million stolen from 86 Gnosis Safe wallets in about 2 hours

According to ChainCatcher, Blockaid reported that the cross-chain routing protocol Squid is currently under sustained attack on its SquidRouterModule on the Ethereum and Base networks. Within about two hours of the attack, 86 Gnosis Safe wallets were emptied, resulting in losses of approximately $3 million.

The attacker subsequently exchanged all stolen tokens for DAI through a Uniswap V3 liquidity pool they control and consolidated them into a single address, which currently holds about $3.07 million in DAI.

Binance Wallet launches Event Rush, supporting tokenized trading of real-world events

According to ChainCatcher, Binance Wallet has launched a new feature called EventRush, allowing users to trade tokens representing the outcomes of real-world events such as sports events, cryptocurrency price targets, or news.

This feature is supported by the 42.space protocol on the BNB Chain, allowing users to purchase event tokens using USDT on BSC and sell or hold them until settlement before the event ends. Winners can share the entire prize pool with no upper limit on earnings. Each transaction incurs a service fee, and a redemption tax is also required upon selling.

This feature is open to all verified Binance Wallet users, although it may not be available in some restricted regions.

Indonesian government bans prediction market platform Polymarket on grounds of illegal online gambling

According to ChainCatcher, Reuters reported that Indonesia's Ministry of Communication and Information has recently banned the prediction market platform Polymarket, deeming it an online gambling platform for offering "bets and speculation on unresolved events," violating local laws.

Previously, Polymarket had launched a betting market on when President Prabowo Subianto would "step down," with his term originally set to end in 2029. This contract went live the day after Prabowo announced plans to centralize control over the export of commodities such as coal and palm oil, sparking discussions on local social media. Indonesian authorities also stated they are investigating all social media accounts related to Polymarket.

YZi Labs launches recruitment platform YZi Talent, integrating job positions from its Web3, AI, and biotechnology investment portfolio

According to ChainCatcher, YZi Labs announced the launch of the recruitment platform YZi Talent, integrating open positions in Web3, AI, and biotechnology from its portfolio.

The first batch of positions includes a backend lead engineer for predict.fun, a frontend staff engineer, and a founding business leader for AgriDynamics Robotics, with more companies expected to join.

Binance launches DYOR research tool, supporting on-chain data queries for Alpha tokens

According to ChainCatcher, Binance announced the launch of the DYOR research center, integrating on-chain data to provide transparent information for all users.

DYOR now supports Binance Alpha tokens, allowing users to view market information, trading data, token unlocks, and project fundamentals on the spot trading page of the Binance App. It will gradually expand to more tokens in the future.

Indonesian government bans prediction market platform Polymarket on grounds of illegal online gambling

According to ChainCatcher, The Block reported that Ethereum co-founder Vitalik Buterin published a lengthy article on the X platform, responding to the recent turmoil and wave of resignations at the Ethereum Foundation. Buterin stated that the foundation is choosing "long-term survival over being large," reducing ETH sales and focusing on Ethereum's anti-censorship, open-source, privacy, and security attributes known as CROPS. He emphasized that the post represents only his personal views, and his power within the organization will continue to diminish, which aligns with his wishes.

Buterin believes that the EF should be understood as "a node with a clear purpose, alongside other nodes," rather than as the center of Ethereum. He pointed out that the foundation holds about 0.16% of ETH, while other blockchain foundations typically hold 10% to 50% of their token supply. The foundation will focus on key activities that only it can drive, with some respected contributors and projects remaining outside the foundation, which will help attract external capital.

In terms of technical direction, Buterin proposed three priorities: achieving "provably secure Ethereum" through AI-assisted formal verification, usable chain consensus, and minimizing intermediaries. He explicitly opposes Ethereum competing solely on speed, calling that "a path to mediocrity." Buterin concluded that the EF will be smaller than in previous years, its stance will be clearer, and in some cases, its position may be difficult to understand, but it will also be more enduring, with the foundation's new long-term operational model expected to stabilize in the coming months.

Vitalik's personal net worth is nearly 90% ETH, with about $40 million in on-chain fiat
According to ChainCatcher, Vitalik revealed in a post on X this morning that nearly 90% of his personal net worth is in ETH, with the rest being about $40 million in on-chain fiat, each dollar of which has already been allocated to certain open-source biotechnology, software, or hardware projects.
Tom Lee: BitMine is on the preliminary inclusion list for the Russell 1000, potentially welcoming a $2.15 billion buy order
According to ChainCatcher, BitMine Chairman Tom Lee tweeted that FTSE Russell has released its preliminary inclusion and exclusion list, with BitMine (BMNR) on the preliminary inclusion list for large-cap Russell 1000, with a market capitalization exceeding the $5.7 billion minimum threshold required for large-cap inclusion.

Tom Lee stated that many actively managed funds only buy Russell 1000 constituent stocks, and typically 20% to 25% of a single stock's market capitalization is held by passive index funds or ETFs. Based on BitMine's current market capitalization of $10.75 billion, if successfully included, BitMine could see at least $2.15 billion in buy orders.

Coinbase CEO: Eight areas of the financial system still need upgrading

According to ChainCatcher, Coinbase CEO Brian Armstrong posted on X, listing eight areas of the current financial system that still need updating: 1. Tokenization of real-world assets, enabling instant settlement and fractional ownership of assets like real estate, stocks, and bonds; 2. 24/7 global trading, aggregating global liquidity to enhance capital efficiency; 3. Next-generation payments, utilizing stablecoins for near-instant, low-cost global transfers, including AI agent payments; 4. AI-driven risk, credit, compliance, and consulting, providing everyone with access to quality financial advisory services; 5. Encouraging innovative regulation, shifting from a one-size-fits-all approach to risk-based rules; 6. Expanding access, allowing all smartphone users to participate through open protocols and self-custody wallets; 7. Capital formation, lowering the threshold for financing any good ideas; 8. Sound money, providing a hedge against inflation when fiat discipline is lost.

Armstrong stated that achieving these goals requires significant technological innovation and policy promotion.

Aave founder Stani: DeFi lending protocol valuation should not primarily rely on TVL

According to ChainCatcher, Aave founder and CEO Stani Kulechov tweeted that the valuation of DeFi lending protocols should not primarily reference TVL, as it measures net collateral rather than lending activity. Comparing data from the end of 2025, Aave's supply is about $52 billion, active loans are about $22 billion, lending interest flows exceed $700 million, and DAO reserves are about $150 million; SoFi has deposits of about $37.5 billion, a loan book of about $38 billion, loan income of about $1.8 billion, and net profit of about $481 million.

Stani stated that in traditional finance, deposits are liabilities or capital costs, while loans are interest-bearing assets, and lenders typically assess based on loan books, interest income, spreads, and asset growth; however, the DeFi market mainly focuses on TVL and DAO retention fees. He believes that Aave is closer to a lending business exceeding $700 million under traditional financial accounting frameworks, rather than a $150 million revenue protocol; TVL is not the income basis for lending protocols, while loan books and interest flows are core.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN, as of May 26, 09:00,

The top five popular ETH tokens in the past 24 hours are: HEX, SHIB, LINK, PEPE, UNI

The top five popular Solana tokens in the past 24 hours are: TROLL, neet, WORLDCUP, HANTA, Buttcoin

The top five popular Base tokens in the past 24 hours are: toby, ELSA, cbETH, CYPR, ALB

What are some interesting articles worth reading in the past 24 hours?

The richest Fed Chair in 112 years has arrived: Kevin Warsh is rewriting the rules

On the 22nd local time, Kevin Warsh took office as the Chair of the U.S. Federal Reserve.

Coming from a Wall Street investment bank and having experienced the handling of the 2008 financial crisis, Warsh lacks the traditional academic background of central bank officials but has proposed alternative policy ideas of "quantitative tightening + interest rate cuts," intending to reshape the operational rules of the Fed's monetary policy.

His reform demands for the Fed's decision-making mechanism and tightening of policy communication provide a new breakthrough for the Fed, which is trapped in the dilemma of "fiscal expansion and monetary contraction," and introduce unknown variables to global capital markets, the dollar credit system, and even global asset allocation patterns.

This seemingly simple personnel change is not just a routine power transition but a key turning point that will reshape the Fed's decision-making logic, disturb the trends of core assets such as U.S. Treasuries, the dollar, and commodities, and further rewrite the global monetary and financial order.

Google Engineering Director: 21 design patterns for building AI Agents

Antonio Gullí is the Engineering Director at Google. He wrote a 453-page book that breaks down AI Agent development into 21 design patterns.

But this is not a book review. My motivation for reading this book is very specific: I have written about Harness Engineering, shared experiences with Clawdbot, and discussed the seven transitions from burning tokens to truly usable AI agents, and after each writing, there has been a question I haven't fully thought through: Is there a reusable underlying logic behind these things?

This book gave me the answer, and it was deeper than I expected.
Vitalik emphasizes that Ethereum must be "amazing," but the foundation is not the center
After a series of negative events, including the continuous departure of core members and criticism from former core supporters, Ethereum founder Vitalik had to publish a lengthy response to the community today to quell public opinion and inject more confidence into the community.

In fact, all negative doubts essentially stem from the decline in ETH's price. Compared to the strong performance of Hyperliquid, Ethereum lags in ecological prosperity, community belief, and main chain performance, resulting in its price dropping by more than 64% in the past year at most. In contrast, HYPE's price has repeatedly hit new highs, surpassing $64 at its peak.

As a result, the Ethereum community has directed its main criticism at Ethereum's core contributor: the Ethereum Foundation. Many opinions suggest that the strategic formulation of the Ethereum Foundation is vague, with frequent changes in leadership, and not only has it not increased its ETH holdings but has also continued to sell tokens, failing to represent the interests of ETH holders.

-- Price

On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

White House Discusses CLARITY Act With Law Enforcement Ahead of Senate Vote

The White House discussed the CLARITY Act with law enforcement ahead of a Senate vote, focusing on illicit finance risks and developer protections.

Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year

On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows

Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.

Ferrari Challenge Le Mans: Carl Moon to Dominate in WEEX Livery

The art of absolute control. Inside Carl Moon’s Ferrari 296 Challenge quest at Le Mans, taming the storm together with the official WEEX livery.

Sahara AI Responds to SAHARA’s Sharp Drop: No Contract or Product Security Issues Found, Internal Investigation Underway

Sahara AI responded to SAHARA’s 60% price drop, saying no token contract or product security issues have been found and an internal investigation is underway.

WEEX Deposit/Withdrawal Dynamic Island: Your Asset Status, Always in Sight

WEEX introduces Deposit and Withdrawal Info on Dynamic Island for iOS. See fund transfer progress on your dynamic island, lock screen, or while using other apps. No more guessing. No more refreshing.

Scaling Crypto Derivatives: The Digital Asset Infrastructure Behind High-Volume Trading

In the fast-moving digital asset ecosystem, derivatives platforms face an extreme architectural test. High-leverage futures markets demand more than just standard security—they require absolute operational precision, zero-latency matching engines, and ironclad structural scalability, all while navigating intense market volatility.

As global platforms scale to meet these demands, the industry is shifting away from rigid, monolithic setups toward a more agile, "decoupled" infrastructure philosophy.

The Blueprint for High-Volume Copy Trading

For elite global exchanges like WEEX (founded in 2018), this architectural choice becomes critical when scaling high-volume retail features like social copy trading. When thousands of users automatically mirror the real-time strategies of elite traders simultaneously, it triggers sudden, monumental spikes in concurrent transactional volume.

To prevent execution latency or settlement bottlenecks during these peak volatility events, a platform's primary engine must remain entirely dedicated to risk management, copy-trade synchronization, and order matching.

The Architectural Rule: New-generation platforms must separate front-end user execution engines from heavy backend infrastructural overhead to eliminate operational friction.

By separating these layers, platforms can maintain complete sovereignty over their trading environments and user experiences while strategically aligning with institutional-grade infrastructure ecosystems. This strategic framework allows modern exchanges to leverage advanced Digital Asset Custody infrastructure such as Cobo’s behind the scenes, ensuring that backend wallet management scales elastically alongside trading spikes.

Capitalizing on Market Momentum and 400× Leverage

In a derivatives arena where platforms offer up to 400× leverage on perpetual contracts, capital efficiency and market agility are core business metrics. To capture market momentum, an exchange needs the ability to rapidly expand its asset offerings, supporting everything from legacy crypto assets to sudden, trending altcoins across a massive library of trading pairs.

Adopting a flexible, scalable Wallet-as-a-Service (WaaS) solution such as Cobo’s could completely rewrite the development timeline for high-growth exchanges. Instead of spending months of engineering capital building out custom backend wallet architectures for every new blockchain network, platforms can deploy localized infrastructure in days.

This agility allows platforms to instantly scale their listings to over a thousand trading pairs without compromising security or delaying time-to-market. It mirrors the exact operational advantages seen during high-velocity market events, similar to how advanced wallet infrastructure empowers platforms during sudden asset surges; allowing exchanges to pass that speed and liquidity directly to their global user base.

A Mature Foundation for Growth

The synergy between trusted infrastructure ecosystems and global trading platforms represents the natural evolution of a maturing crypto market. As WEEX continues to scale its global spot and derivatives offerings for over 6 million users, adopting robust backend paradigms proves that platforms no longer have to compromise between cutting-edge trading velocity and uncompromised structural security.

ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately