According to @dydxfoundation, the Solana-based DEX Jupiter is pausing all DAO votes until the end of 2025 due to a breakdown in trust and an ineffective governance structure, as stated by executive Kash Dhanda. While active staking rewards of 50 million JUP per quarter will continue, no new DAO-funded work groups will be created. This news follows a 21.8% decline in JUP's value over the past 30 days. Separately, the TON Foundation announced a UAE Golden Visa program for Toncoin (TON) holders who stake $100,000 in TON for three years. The announcement, made by TON Foundation CEO Max Crown, caused TON's price to surge 12% and trading volume to spike over 250% above its 30-day average. Technical analysis shows the price moved from $2.75 to a peak of $3.06, with new support forming around $2.86-$2.89. The initiative has drawn skepticism from figures like Sigil Fund's Joe HedgedHog and former Binance CEO Changpeng Zhao, who questioned whether it is an official government partnership or a marketing effort by a third-party firm, highlighting the lack of a formal UAE government announcement.

According to @KobeissiLetter, trading firm QCP reports that Bitcoin (BTC) is range-bound around $105,000 as the market weighs the risk of an escalating Israel-Iran conflict. QCP's analysis highlights that risk reversals have flipped, with front-end BTC puts commanding premiums, signaling heightened investor anxiety and downside hedging. Despite this defensive sentiment and over $1 billion in recent liquidations, QCP notes that on-chain data shows persistent institutional buying is providing significant support. Adding a long-term perspective, Glassnode data indicates Bitcoin's current cycle gain of 656%, while lower than previous cycles, is impressive given its larger market capitalization, suggesting strong underlying demand. Separately, Bybit announced the launch of Byreal, a new decentralized exchange built on Solana (SOL), with its testnet scheduled for June 30.

According to @PolynomialFi, the multi-chain liquid staking protocol Meta Pool has been exploited for $27 million due to a smart contract bug that allowed for the free minting of its mpETH token. Blockchain security firm PeckShield reported the bug, noting that while an attacker minted $27 million in mpETH, they could only exchange 10 ETH (approximately $25,000) due to low liquidity on Uniswap. The protocol's MPDAO governance token currently trades at $0.02. In separate news, the Solana-based decentralized exchange Jupiter is pausing all DAO votes until the end of 2025, citing a "breakdown in trust" and a need to focus on a critical development period for DeFi. Jupiter executive Kash Dhanda confirmed that while votes are paused, active staking rewards (ASR) will continue at 50 million JUP per quarter. The JUP token has declined 21.8% over the past 30 days and was trading at $0.40 with minimal reaction to the news.

According to @KobeissiLetter, trading firm QCP notes that Bitcoin (BTC) is stuck in a range around $105,000 due to uncertainty from the Israel-Iran conflict. QCP's analysis highlights that risk reversals have flipped, with front-end BTC puts now commanding significant premiums, indicating heightened investor anxiety and downside hedging. Despite this defensive positioning and over $1 billion in recent liquidations, QCP reports that on-chain data shows strong institutional buying continues to provide support, leaving the market headline-driven. Separately, Aaron Brogan of Brogan Law analyzes the successful IPO of Circle (USDC), suggesting its massive valuation could be driven by factors like the pending GENIUS Act for stablecoins and high Treasury yields boosting issuer revenue. Meanwhile, Bybit announced the launch of Byreal, a new decentralized exchange on the Solana blockchain, with a testnet planned for June 30.

According to Saeed Azimi, Tehran correspondent for France 24, Iran's politicians are considering blocking the Strait of Hormuz in response to US military strikes, a move that could drive oil prices higher and exacerbate stagflation in oil-importing nations like the US. Concurrently, DEXTools.io data indicates the Digital Oil memecoin (OIL) surged over 400% against USD on Raydium, a Solana-based decentralized exchange, following an endorsement by Peter Schiff, as reported on X.

According to Milk Road (@MilkRoadDaily), rumors of an imminent Pumpdotfun token launch have been circulating in the crypto community as of June 4, 2025. These reports highlight increased trader interest in the platform, with on-chain activity and social engagement metrics showing significant spikes in anticipation of a possible token drop (Source: Milk Road, Twitter, June 4, 2025). Traders are closely monitoring Solana-based DEXs and liquidity pools for early signs of listing, as rapid price volatility is expected upon confirmation. The speculation around Pumpdotfun is fueling broader meme coin sector momentum, potentially impacting trading strategies for high-volatility assets and spotlighting Solana ecosystem projects. (Source: Milk Road, Twitter, June 4, 2025)

According to Ai 姨, PumpSwap recorded a 24-hour trading volume of $668,000, ranking 7th among Solana DEXs. This volume is only 0.2% of Raydium's, 0.04% of Uniswap's, and 0.03% of PancakeSwap's volume. The Total Value Locked (TVL) stands at $21.49 million, representing 1.87% of Raydium's, 0.54% of Uniswap's, and 1.28% of PancakeSwap's TVL.