BTC (+0.67% | Current Price 105,570 USDT): BTC has been fluctuating in a narrow range during the day, briefly rising to 106,500 USD before retreating; this position is the middle band of the daily Bollinger Bands for BTC, and if it cannot effectively break through, the recent market may primarily show a trend of fluctuating downward.
Yesterday, BTC ETF had a net outflow of 267 million USD, with BlackRock IBIT experiencing an outflow of 130 million USD and Fidelity FBTC seeing an outflow of 50.1 million USD. In the past 3 trading days, BTC ETF has accumulated over 1 billion USD in outflows.
**ETH (+4.32% | Current Price 2,607 USDT): Over the past 3 weeks, ETH has remained in a narrow fluctuation range of $2,300 to $2,700. Benefiting from significant net inflows into ETH ETF over the past week, ETH has shown relative strength. Today, the ETH/BTC exchange rate is reported at 0.0247, and the market share of ETH is reported at 9.5%.
Yesterday, the net inflow of the ETH ETF was $78.7 million, with BlackRock's ETHA inflowing $48.9 million, Fidelity's FETH inflowing $29.8 million, and no inflows or outflows for other ETH ETFs.
Altcoins: Mixed performance, the market lacks a collective narrative. The Fear and Greed Index today is reported at 58, a decrease from last week, indicating a relatively rational state.
Macro: The three major U.S. stock indices rose collectively yesterday, with the S&P 500 index up 0.41%, closing at 5,935.94 points; the Dow Jones index up 0.08%, closing at 42,305.48 points; and the Nasdaq index up 0.67%, closing at 19,242.61 points.
As of June 3, 12:00 AM (UTC+8), the spot gold price is reported at $3,368.56 per ounce, with a 24H decline of 0.46%.
Trending Tokens on Golden Digging
BID CreatorBid (+61.92%, circulating market cap 15.95 million USD)
According to Gate.io market data, the current price of BID is $0.058, with a 24-hour increase of 61.92%, leading the altcoin market. BID currently has a circulating market value of $15.95 million, ranking 929th in the overall market. BID has risen for 2 consecutive days, nearly doubling compared to the price at the end of May.
CretorBid is an Al Launchpad on the Base chain. In January this year, BID was publicly offered at a price of 0.025 USDC per BID, with a purchase limit of 500 USDC per address, and it will be 100% unlocked at TGE. Three minutes after the public offering started, CreatorBid successfully reached a fundraising target of 2.5 million dollars.
This morning, CreatorBid launched Launchpad V2, achieving decentralized project selection through "Curate with BID". Community members need to lock BID tokens to vote, with voting power proportional to the amount of locked BID (voting does not consume BID). Projects must receive 2 million BID votes to be approved for launch; otherwise, they cannot go live. In addition, the team announced several special events will be launched in June, including rewards for loyal supporters, social media incentives, updates from the TAO council, and ecosystem collaborations.
SOPH Sophon (+34.87%, market cap 135 million USD)
According to the market data from Gate.io, the current price of the SOPH token is 0.071 USD, with an increase of over 30% in the last 24 hours. On June 1, SOPH bottomed out at around 0.047 USD and has since risen for three consecutive days, becoming one of the leading altcoins in terms of market growth. SOPH currently has a circulating market capitalization of 135 million USD, ranking 357th in the overall market.
Sophon Network is a high-performance Layer 2 network built using ZK Stack technology, focusing on a blockchain platform for entertainment applications, dedicated to making complex blockchain technology "invisible". Its name comes from the particle-level supercomputer "Sophon" in the science fiction novel "The Three-Body Problem," symbolizing the powerful computing power serving ordinary users like an invisible force.
Currently, SOPH is conducting a staking earning activity on Gate Launchpool. Users can stake BTC, GT, or SOPH to earn SOPH tokens, with a total prize pool of 24 million SOPH. The annualized return rates for staking BTC, ETH, and SOPH are 3.7%, 9.18%, and 226.86%, respectively. The high staking rewards have stimulated the rise of SOPH.
LISTA Lista DAO* (+17.54%, circulating market cap 74.7 million USD)*
According to Gate.io market data, the current price of LISTA token is 0.258 USD, with a 24-hour increase of 17.54%. The current circulating market capitalization of LISTA is 74.7 million USD, ranking 439th in the entire market.
Lista DAO (formerly Helio Protocol) is a decentralized finance (DeFi) protocol built on the BNB Chain, focusing on stablecoin lending and liquidity staking services, and has received a $10 million investment from YZi Labs. The project governance token LISTA can be used for protocol governance voting (such as collateral type selection), liquidity mining incentives, and profit sharing.
On May 21, Lista DAO announced a strategic cooperation with WLFI, which will launch USD1 in the ListaDAO treasury. The news has stimulated the market; USD1 can be used as collateral to borrow lisUSD, and the LisUSD/USD1 liquidity pool on PancakeSwap saw an annual yield surpassing 10%. On the day the cooperation was announced, LISTA rose over 60% in a single day and is currently in a consolidation phase after the significant increase.
Alpha Interpretation
Last week, global listed companies net bought 196 million USD in BTC, with Strategy increasing its holdings for 8 consecutive weeks.
According to SoSoValue data, last week the total net inflow of Bitcoin allocated by global listed companies (excluding mining companies) was $196 million, while during the same period, Bitcoin ETFs saw a net outflow of $157 million. Among them, Strategy has continuously increased its holdings for 8 consecutive weeks, investing $75 million last week at a price of $106,495 to increase its holdings by 705 BTC, bringing its total holdings to 580,955 BTC.
MetaPlanet also made a large purchase last week, investing $117 million to acquire 1,088 BTC at a price of $107,771 each, bringing its total holdings to 8,888 BTC. Additionally, Gamestop disclosed its Bitcoin holdings for the first time last week, holding a total of 4,710 Bitcoins as of May 28, but did not disclose its purchase cost and holding cost.
As of the time of writing, the total amount of Bitcoin held by publicly listed companies worldwide (excluding mining companies) is 636,960 BTC, with a current market value of approximately $66.35 billion, accounting for 3.2% of the circulating market value of Bitcoin.
Pendle platform's cumulative trading volume has surpassed 50 billion USD, with a TVL of 4.43 billion USD.
According to TN Lee, co-founder of Pendle, the platform's cumulative trading volume has exceeded $50 billion, with a TVL of $4.43 billion, demonstrating strong growth momentum.
Despite heightened market volatility, Pendle achieved key milestones in the first half of 2025. At the same time, PT-eUSDe (August 2025) and PT-USDe (July 2025) limit increases were snapped up within hours of being snapped up, reflecting the high demand for fixed-term tokens (PTs). Currently, the total supply of Pendle PT on the Aave platform has reached $1.32 billion. In addition, Pendle's margin yield trading platforms, Boros and Citadels, are scheduled to go live in the second half of the year.
The current price of PENDLE token is $4.3, which is an increase of over 130% compared to the low price at the beginning of March. PENDLE currently has a circulating market capitalization of $1.188 billion, ranking 72nd in the entire crypto market.
The spot Ethereum ETF had a net inflow of 286 million USD last week, continuing a 3-week net inflow.
According to Farside data, last week the spot Ethereum ETF had a net inflow of $286 million. The Ethereum spot ETF with the highest inflow was BlackRock's ETHA, with a weekly net inflow of $206 million, bringing ETHA's historical total net inflow to $4.61 billion; followed by Fidelity's FETH, with a weekly net inflow of $67.37 million, and FETH's historical total net inflow currently at $1.51 billion.
Last week, the Ethereum spot ETF with the highest net outflow was Grayscale ETHE, with a net outflow of 4.62 million USD. Currently, the historical total net outflow of ETHE has reached 4.29 billion USD. As of the time of publication, the total net asset value of Ethereum spot ETFs is 9.45 billion USD, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 3.04%. The historical cumulative net inflow has reached 3.05 billion USD.
Institutions continue to increase their holdings in Ethereum-related assets, indicating a steady rise in market confidence. The flow of funds reflects recognition of the long-term value of ETH. If the trend continues, the price is expected to maintain strength and further break through key resistance levels. From recent price trends, ETH has pulled back after multiple attempts to rise near the $2,700 mark, which may become a short-term resistance level for ETH.
Gate Launchpool
details of new subscription
Subscription Project: LayerEdge
Token Name: EDGEN
New subscription time: until June 9, 2025, 20:00 (UTC+8)
How to participate: Stake BTC, ETH or GT to receive for free.
Total airdrop amount: 7,500,000 EDGEN
Project Introduction
LayerEdge is an AI financial analytics platform that aims to become the "Bloomberg Terminal" of Web3. With the support of a number of top institutions, Edgen helps users extract trading insights from on-chain data, social sentiment and market fundamentals through its self-developed EDGM decision-making model to achieve information advantage. The platform provides four core functions, including search, token radar, crowd insights, and intelligent network, to build a "cognition-as-a-service" closed-loop system. The user's behavior data can be fed back into AI learning, forming a positive cycle. In addition, LayerEdge has also launched the Edgentic Marketplace, which supports customized AI investment tools, so that ordinary users can also have quantitative trading capabilities.
Reference Material:
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer
Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate does not take responsibility for any losses or damages caused by such investment decisions.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Gate Research Institute: Pendle's cumulative trading volume has surpassed 50 billion USD | CreatorBid Token BID has nearly doubled in the past 3 days
Crypto Market Overview
BTC (+0.67% | Current Price 105,570 USDT): BTC has been fluctuating in a narrow range during the day, briefly rising to 106,500 USD before retreating; this position is the middle band of the daily Bollinger Bands for BTC, and if it cannot effectively break through, the recent market may primarily show a trend of fluctuating downward.
**ETH (+4.32% | Current Price 2,607 USDT): Over the past 3 weeks, ETH has remained in a narrow fluctuation range of $2,300 to $2,700. Benefiting from significant net inflows into ETH ETF over the past week, ETH has shown relative strength. Today, the ETH/BTC exchange rate is reported at 0.0247, and the market share of ETH is reported at 9.5%.
Altcoins: Mixed performance, the market lacks a collective narrative. The Fear and Greed Index today is reported at 58, a decrease from last week, indicating a relatively rational state.
Macro: The three major U.S. stock indices rose collectively yesterday, with the S&P 500 index up 0.41%, closing at 5,935.94 points; the Dow Jones index up 0.08%, closing at 42,305.48 points; and the Nasdaq index up 0.67%, closing at 19,242.61 points.
Trending Tokens on Golden Digging
BID CreatorBid (+61.92%, circulating market cap 15.95 million USD)
According to Gate.io market data, the current price of BID is $0.058, with a 24-hour increase of 61.92%, leading the altcoin market. BID currently has a circulating market value of $15.95 million, ranking 929th in the overall market. BID has risen for 2 consecutive days, nearly doubling compared to the price at the end of May.
CretorBid is an Al Launchpad on the Base chain. In January this year, BID was publicly offered at a price of 0.025 USDC per BID, with a purchase limit of 500 USDC per address, and it will be 100% unlocked at TGE. Three minutes after the public offering started, CreatorBid successfully reached a fundraising target of 2.5 million dollars.
This morning, CreatorBid launched Launchpad V2, achieving decentralized project selection through "Curate with BID". Community members need to lock BID tokens to vote, with voting power proportional to the amount of locked BID (voting does not consume BID). Projects must receive 2 million BID votes to be approved for launch; otherwise, they cannot go live. In addition, the team announced several special events will be launched in June, including rewards for loyal supporters, social media incentives, updates from the TAO council, and ecosystem collaborations.
SOPH Sophon (+34.87%, market cap 135 million USD)
According to the market data from Gate.io, the current price of the SOPH token is 0.071 USD, with an increase of over 30% in the last 24 hours. On June 1, SOPH bottomed out at around 0.047 USD and has since risen for three consecutive days, becoming one of the leading altcoins in terms of market growth. SOPH currently has a circulating market capitalization of 135 million USD, ranking 357th in the overall market.
Sophon Network is a high-performance Layer 2 network built using ZK Stack technology, focusing on a blockchain platform for entertainment applications, dedicated to making complex blockchain technology "invisible". Its name comes from the particle-level supercomputer "Sophon" in the science fiction novel "The Three-Body Problem," symbolizing the powerful computing power serving ordinary users like an invisible force.
Currently, SOPH is conducting a staking earning activity on Gate Launchpool. Users can stake BTC, GT, or SOPH to earn SOPH tokens, with a total prize pool of 24 million SOPH. The annualized return rates for staking BTC, ETH, and SOPH are 3.7%, 9.18%, and 226.86%, respectively. The high staking rewards have stimulated the rise of SOPH.
LISTA Lista DAO* (+17.54%, circulating market cap 74.7 million USD)*
According to Gate.io market data, the current price of LISTA token is 0.258 USD, with a 24-hour increase of 17.54%. The current circulating market capitalization of LISTA is 74.7 million USD, ranking 439th in the entire market.
Lista DAO (formerly Helio Protocol) is a decentralized finance (DeFi) protocol built on the BNB Chain, focusing on stablecoin lending and liquidity staking services, and has received a $10 million investment from YZi Labs. The project governance token LISTA can be used for protocol governance voting (such as collateral type selection), liquidity mining incentives, and profit sharing.
On May 21, Lista DAO announced a strategic cooperation with WLFI, which will launch USD1 in the ListaDAO treasury. The news has stimulated the market; USD1 can be used as collateral to borrow lisUSD, and the LisUSD/USD1 liquidity pool on PancakeSwap saw an annual yield surpassing 10%. On the day the cooperation was announced, LISTA rose over 60% in a single day and is currently in a consolidation phase after the significant increase.
Alpha Interpretation
Last week, global listed companies net bought 196 million USD in BTC, with Strategy increasing its holdings for 8 consecutive weeks.
According to SoSoValue data, last week the total net inflow of Bitcoin allocated by global listed companies (excluding mining companies) was $196 million, while during the same period, Bitcoin ETFs saw a net outflow of $157 million. Among them, Strategy has continuously increased its holdings for 8 consecutive weeks, investing $75 million last week at a price of $106,495 to increase its holdings by 705 BTC, bringing its total holdings to 580,955 BTC.
MetaPlanet also made a large purchase last week, investing $117 million to acquire 1,088 BTC at a price of $107,771 each, bringing its total holdings to 8,888 BTC. Additionally, Gamestop disclosed its Bitcoin holdings for the first time last week, holding a total of 4,710 Bitcoins as of May 28, but did not disclose its purchase cost and holding cost.
As of the time of writing, the total amount of Bitcoin held by publicly listed companies worldwide (excluding mining companies) is 636,960 BTC, with a current market value of approximately $66.35 billion, accounting for 3.2% of the circulating market value of Bitcoin.
Pendle platform's cumulative trading volume has surpassed 50 billion USD, with a TVL of 4.43 billion USD.
According to TN Lee, co-founder of Pendle, the platform's cumulative trading volume has exceeded $50 billion, with a TVL of $4.43 billion, demonstrating strong growth momentum.
Despite heightened market volatility, Pendle achieved key milestones in the first half of 2025. At the same time, PT-eUSDe (August 2025) and PT-USDe (July 2025) limit increases were snapped up within hours of being snapped up, reflecting the high demand for fixed-term tokens (PTs). Currently, the total supply of Pendle PT on the Aave platform has reached $1.32 billion. In addition, Pendle's margin yield trading platforms, Boros and Citadels, are scheduled to go live in the second half of the year.
The current price of PENDLE token is $4.3, which is an increase of over 130% compared to the low price at the beginning of March. PENDLE currently has a circulating market capitalization of $1.188 billion, ranking 72nd in the entire crypto market.
The spot Ethereum ETF had a net inflow of 286 million USD last week, continuing a 3-week net inflow.
According to Farside data, last week the spot Ethereum ETF had a net inflow of $286 million. The Ethereum spot ETF with the highest inflow was BlackRock's ETHA, with a weekly net inflow of $206 million, bringing ETHA's historical total net inflow to $4.61 billion; followed by Fidelity's FETH, with a weekly net inflow of $67.37 million, and FETH's historical total net inflow currently at $1.51 billion.
Last week, the Ethereum spot ETF with the highest net outflow was Grayscale ETHE, with a net outflow of 4.62 million USD. Currently, the historical total net outflow of ETHE has reached 4.29 billion USD. As of the time of publication, the total net asset value of Ethereum spot ETFs is 9.45 billion USD, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 3.04%. The historical cumulative net inflow has reached 3.05 billion USD.
Institutions continue to increase their holdings in Ethereum-related assets, indicating a steady rise in market confidence. The flow of funds reflects recognition of the long-term value of ETH. If the trend continues, the price is expected to maintain strength and further break through key resistance levels. From recent price trends, ETH has pulled back after multiple attempts to rise near the $2,700 mark, which may become a short-term resistance level for ETH.
Gate Launchpool
details of new subscription
Project Introduction
LayerEdge is an AI financial analytics platform that aims to become the "Bloomberg Terminal" of Web3. With the support of a number of top institutions, Edgen helps users extract trading insights from on-chain data, social sentiment and market fundamentals through its self-developed EDGM decision-making model to achieve information advantage. The platform provides four core functions, including search, token radar, crowd insights, and intelligent network, to build a "cognition-as-a-service" closed-loop system. The user's behavior data can be fed back into AI learning, forming a positive cycle. In addition, LayerEdge has also launched the Edgentic Marketplace, which supports customized AI investment tools, so that ordinary users can also have quantitative trading capabilities.
Reference Material:
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate does not take responsibility for any losses or damages caused by such investment decisions.