Sui: Mainnet recovery is live, and transactions are proceeding normally.
Sui stated on the X platform that the mainnet has been restored and transactions are proceeding normally. The epoch end pause was triggered yesterday during the deployment of the long-term fix.
The random number initializer, which runs at the beginning of each epoch, failed to complete because its quorum threshold was higher than the Sui consensus mechanism when the validator nodes restarted to deploy the new binary files. After the validator nodes restarted, a potential vulnerability existed in the mechanism for saving this fault state, preventing the network from completing the transition to the next epoch.
Currently, a fix has been implemented by the validator nodes, addressing the underlying vulnerability and the affected epoch, and network activity has been restored.
[PANews]
An a16z-related whale purchased another $14.50 million worth of HYPE today, with total holdings reaching $193.00 million.
According to Lookonchain monitoring, an a16z-related whale purchased another 226,121 HYPE today, worth approximately $14.50 million.
Data shows that since April 14, the whale has cumulatively purchased 3.90 million HYPE, with a total value of approximately $192.60 million, and an average purchase price of approximately $49.40.
[Odaily]
NBA star Tristan Thompson goes 50x short on HYPE, with an entry price of $66.95
NBA star Tristan Thompson announced this morning on social media that he has established a short position in HYPE.
According to reports, this trade is a short-term bearish move: Thompson shorted HYPE at $66.95 with 50x leverage, setting his stop-loss near $68.
Tristan Thompson stated that he remains bullish on HYPE’s higher-timeframe trend but expects a short-term pullback; therefore, he opted for an intraday or short-cycle short trade.
[Odaily]
Bitcoin spot ETFs had a total net outflow of $125.00 million yesterday, continuing the net outflow for 10 days.
According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $125 million yesterday (May 29, Eastern Time). The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock’s ETF IBIT, with a net outflow of $68.1994 million; IBIT’s cumulative net inflow to date stands at $6.3807 billion.
Next was Fidelity’s ETF FBTC, with a single-day net outflow of $31.9473 million; FBTC’s cumulative net inflow to date stands at $1.0595 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs stood at $9.4169 billion, the ETF net asset ratio (i.e., ratio of ETF market cap to Bitcoin’s total market cap) reached 6.38%, and the historical cumulative net inflow has reached $5.5663 billion.
[Foresight News]
An a16z-related whale purchased another 226,000 HYPE today, worth approximately $14.50M.
According to Lookonchain monitoring, an a16z-related whale once again purchased 226,121 HYPE today, worth approximately $14.50 million.
Since April 14, the whale has cumulatively purchased 3.90 million HYPE, with a total value of approximately $192.60 million, at an average price of $49.40.
[Foresight News]
A whale opened short positions in HYPE and LIT worth approximately $12.80 million.
According to Onchain Lens monitoring, a whale starting with 0xa44 opened short positions of 156,119 HYPE (10x leverage) and 1.97M LIT (5x leverage), with a total value of approximately $12.80M.
[Foresight News]
US SOL spot ETF had a single-day net inflow of $1.32M.
According to SoSoValue data, yesterday (May 29th, US Eastern Time), the total net inflow of SOL spot ETFs in a single day was $1.3167 million.
The SOL spot ETF with the largest net inflow yesterday was the Fidelity Solana Fund ETF (FSOL), with a single-day net inflow of $1.2059 million, and the current total historical net inflow reached $187.00 million.
The second is the Bitwise Solana Staking ETF (BSOL), with a single-day net inflow of $110,800.00, and the current total historical net inflow reached $905.00 million.
[PANews]
An anonymous user inscribed the full text of the U.S. Constitution onto the Bitcoin blockchain via the Ordinals protocol.
Natalie Brunell, host of the Coin Stories podcast, discovered that an anonymous user inscribed the full text of the U.S. Constitution onto the Bitcoin blockchain via the Ordinals protocol, paying a transaction fee of 113,454 satoshis—approximately $83. The transaction size is roughly 44.4 KB and was confirmed at 20:25 UTC on May 28 (04:25 Beijing Time on May 29), recorded in Bitcoin block height 951,492.
This action coincides with the pending review of BIP-444, which proposes reinstating the original 83-byte OP_RETURN limit; supporters argue that unlimited data storage undermines Bitcoin’s fundamental nature as a monetary network.
Earlier, in January 2025, publicly listed Bitcoin mining company Marathon Digital combined the U.S. Constitution and the Bill of Rights with a portrait of Donald Trump into a single inscription—a unified artifact ultimately recorded in block 825,642 at a cost of approximately 1.244 BTC.
[Foresight News]
US stock market closed with a broad rally in crypto-related stocks; BNB Network surged over 14.06%.
According to MSX.COM data, US stocks closed with the Dow Jones Industrial Average up 0.72%, the S&P 500 index up 0.22%, the Nasdaq up 0.2%, and the VIX Volatility Index down 2.67%. Crypto concept stocks generally rose, with BNB Network up 14.06%, Robinhood up 11.15%, American Bitcoin up 7.62%, Strategy up 4.91%, and Circle up 4.4%.
It is reported that MSX is a leading RWA trading platform that has launched hundreds of RWA tokens, covering US stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
[Odaily]
French Crypto Kidnapping Investigation Uncovers Transnational Money Laundering Network: Ransom Flows to Venezuelan Wallet
Le Monde of France revealed that a new progress has been made in the investigation of a cryptocurrency-related kidnapping case that occurred in 2023. When tracking the flow of a €1.70 million cryptocurrency ransom, French law enforcement agencies discovered a transnational money laundering network involving multiple countries and crypto wallets.
In the case, the kidnapped person was the father of the well-known crypto gambling influencer “TeufeurS”. The kidnappers threatened the victim’s family via text message and demanded ransom in cryptocurrency. Eventually, TeufeurS transferred a total of €1.70 million to the wallet designated by the kidnappers in two installments, and his father was subsequently released.
The investigation showed that part of the ransom flowed into wallet accounts controlled by foreign citizens after multiple transfers. Among them, a sum of $131,000.00 was successfully tracked by the French Gendarmerie, and the clues ultimately pointed to a crypto wallet controlled by Venezuelan personnel.
The case further revealed the complex chain of criminal organizations using cross-border crypto asset transfers, anonymous wallets, and overseas platforms for money laundering. The report stated that the case is regarded as one of the important cases of kidnapping and extortion in the European crypto industry, and may also become an early model for multiple kidnapping cases targeting cryptocurrency practitioners in France and Europe in 2025.
[Foresight News]
US SOL spot ETF had a total net inflow of $1.3167M in a single day.
According to SoSoValue data, yesterday (May 29, Eastern Time), the SOL spot ETF recorded a total daily net inflow of $1.3167 million.
The SOL spot ETF with the highest net inflow yesterday was the Fidelity Solana Fund ETF (FSOL), which saw a daily net inflow of $1.2059 million, bringing its total historical net inflow to $187 million.
Following this, the Bitwise Solana Staking ETF (BSOL) recorded a daily net inflow of $110,800, with its total historical net inflow reaching $905 million.
As of the time of writing, the total net asset value of SOL spot ETFs is $944 million, with a net asset ratio of 1.98% and a cumulative historical net inflow of $1.133 billion.
[Odaily Planet Daily]
Today’s Market Pulse
Today’s market shows mixed sentiment across crypto sectors, with network resilience tests, concentrated token volatility, and divergent ETF flows indicating a market in transition.
Key Themes
DeFi Network Resilience
Sui mainnet has recovered after a technical halt caused by validator nodes failing to complete a transition during binary deployment. The vulnerability has been patched, restoring normal transaction flows. This demonstrates the self-healing capabilities of modern DeFi networks, though such disruptions can impact user confidence and project reputation in the short term.
HYPE Token Volatility
An a16z-related whale continues accumulating HYPE, now holding $193M total, while NBA star Tristan Thompson opened a leveraged short position with 50x leverage. These conflicting signals from sophisticated market participants suggest either a trading opportunity or a fundamental disagreement on HYPE’s short-term trajectory. The whale’s average purchase price of $49.40 sits significantly below Thompson’s short entry at $66.95, creating a fascinating market tension.
ETF Flows Divergence
Bitcoin spot ETFs face continued outflows ($125M yesterday, 10-day streak), while SOL spot ETFs attract fresh capital ($1.32M inflow). This divergence highlights market bifurcation – Bitcoin’s institutional narrative facing headwinds while alternative blockchains benefit from renewed interest. The SOL ETF inflows, particularly to Fidelity’s product, suggest growing confidence in Solana’s ecosystem and staking products.
RichSilo Verdict
Smart money should monitor the HYPE token’s price action as a proxy for speculative sentiment, watching whether the a16z whale accumulation overcomes the short-term bearish pressure from leveraged short positions. The Bitcoin ETF outflows warrant attention as they may indicate reduced institutional confidence, while SOL’s inflows could signal a rotation toward higher-growth altblockchain narratives. Additionally, the Ordinals inscription of the US Constitution highlights the ongoing debate about Bitcoin’s utility beyond a monetary network, potentially impacting regulatory discussions around BIP-444.
