Bitmine has filed to publicly offer 3 million shares of 9.50% Series A Perpetual Preferred Stock, with proceeds earmarked for corporate needs including additional ETH purchases and staking infrastructure. The preferred shares pay a fixed 9.50% annual dividend on a $100 stated value, with missed payments triggering weekly compounding and a rate step-up capped at 15%. Bitmine has also applied to list the shares on the NYSE under "BMNP," with trading expected to start within 30 days of the initial issuance if approved.

Ethereum leads in non-empty wallet holders with about 189.49 million addresses, more than triple Bitcoin's 59.08 million. Despite that adoption, ETH fell over 30% in the past month and was trading near $1,620 at the time of writing. Spot Ethereum ETFs ended a 17-day outflow run with $19.3 million of net inflows on June 4, though the week still showed $168 million in net outflows.

Cardano drew outsized attention after ADA briefly slipped under $0.16 for the first time since December 2020, while social chatter and on-chain usage spiked. Social dominance rose to about 0.52% and daily active addresses reached 28,459, as debate turned largely bearish following Charles Hoskinson's warning about potential ecosystem failures and his decision to "take a break."

Blockchain investigator ZachXBT urged traders to avoid Rain Protocol, describing it as a prediction-market project with an $8.8 billion market cap but limited users and traction. He pointed to Oct. 14, 2025 on-chain trails he says link wallets tied to the RAIN team to DOP and TOMI, and alleged signs of liquidity-based price manipulation. ZachXBT also said he downgraded Kraken from S-tier to B-tier over token listings including M, RAIN, RIVER and RAVE, and raised an insider bounty to as much as $100,000.

Nasdaq-listed FG Nexus has logged cumulative losses of more than $85 million on its Ethereum treasury approach after offloading a large share of its ETH at a steep discount. The firm bought 50,770 ETH for about $196 million at an average $3,860 between August and September 2025, after launching its accumulation plan on July 30, 2025. Its shares last closed at $7.11, down 13.4% on the day and roughly 48% year-to-date.

The US Treasury's OFAC sanctioned Iran's largest crypto exchange Nobitex and three other platforms—Wallex, Bitpin, and Ramzinex—under the Trump administration's 'Economic Fury' campaign. Officials alleged the exchanges enabled sanctions evasion and processed activity tied to the IRGC, while Treasury said Nobitex handled more than 50% of Iranian digital asset inflows in 2025. The designations also included Nobitex leaders such as chairman and co-founder Amir Hossein Rad, with Treasury citing a $90 million hack in June 2025 that Rad allegedly helped the platform recover from.

Dogecoin (DOGE) fell more than 5% on Wednesday as selling pressure persisted, but Alphractal says price is hovering near a historical accumulation area around $0.10–$0.11 based on its CVDD Channel model. The firm argues prior appearances of a similar setup (late 2014, mid-2020, mid-2023) preceded major rallies, and its Alpha CVDD upper band currently sits near $0.85. Separately, analyst Ali Martinez said the TD Sequential indicator printed a buy signal, as other observers pointed to a possible breakout.

Bitcoin's daily network activity has cooled sharply since May 2021, even as BTC's price has stayed above its prior-cycle levels for much of the current cycle. Active addresses fell from roughly 1.12 million to about 624,000 and new wallets from nearly 489,000 to around 278,000 per day. In May, crypto-market discussion rebounded, with Bitcoin-related chatter up about 24% versus April, despite participation remaining uneven.

South Korean prosecutors have charged five people tied to the Solana meme coin project CatFi, alleging a coordinated rugpull after the token attracted investor funds. Investigators say CatFi was launched in early 2025 via Pump.fun and later saw an about 1,001x price jump within 26 hours as roughly 6,000 investors bought in. Prosecutors said 256 investors reported about 900 million won in losses and suspects allegedly made over 400 million won, with arrests including two suspects on May 11 and three more later on Wednesday.