Daily News: U.S. Weekly Jobless Claims Crash, SEC Withdraws Lawsuit Against Binance, OpenSea Plans New Airdrop, and More

U.S. Weekly Jobless Claims Rise to 240,000 from 140,000, Exceeding Expectations

U.S. initial jobless claims for the week ending May 24 reached 240,000, higher than the expected 230,000 and up from the previous week’s 227,000.

Trump Administration Seeks to Suspend Tariff Ruling

The Trump administration has requested that an appeals court pause a tariff ruling. Officials indicated they may ask the Supreme Court to maintain current tariffs as early as Friday.

SEC Moves to Dismiss Lawsuit Against Binance

The U.S. Securities and Exchange Commission (SEC) is seeking to drop its lawsuit against Binance, the world’s largest crypto exchange. Lawyers for the SEC, Binance, and former CEO Changpeng Zhao filed a joint stipulation in federal court on Thursday.

In 2023, the SEC accused Binance of operating unregistered securities exchanges and misrepresenting trading controls. Later that year, Binance and Zhao admitted to violating the Bank Secrecy Act, agreeing to pay over $4 billion to settle a DOJ probe.

Under new SEC Chair Paul Atkins, the agency has recently dismissed cases against crypto firms like Coinbase, Uniswap, and OpenSea. The SEC clarified that this dismissal does not reflect its stance on other litigation.

Source: The Block

Trump Posts Pepe-Themed Image on Social Media

Donald Trump shared an image featuring the meme Pepe the Frog and his likeness, captioned: "He’s on a mission from God & nothing can stop what is coming."

Arthur Hayes Predicts Ethereum Could Hit $5,000 This Year

BitMEX co-founder Arthur Hayes stated at the Bitcoin 2025 conference that Ethereum's price could reach $4,000-$5,000 this year. Hayes described Ethereum as "the most hated layer-1" at the moment, but suggested that this sentiment could present a buying opportunity as the market enters a new cycle. Currently trading around $2,650, Ethereum would need to rally nearly 90% to hit Hayes's $5,000 target.

Source: Decrypt

OpenSea Officially Launches OS2, Plans SEA Token Airdrop

OpenSea has officially launched OpenSea2 (OS2) to the public and revealed plans for an upcoming airdrop of its native SEA token. The revamped platform now supports token transactions across 19 blockchains, reflecting OpenSea’s broader strategy to expand beyond NFTs and further into the wider crypto ecosystem.

OpenSea co-founder and CEO Devin Finzer said that OS2 lays the groundwork for the next generation of the OpenSea platform. As part of this upgrade, the company launched a new rewards program called “Voyages”, allowing users to earn XP points by completing basic tasks. These points will later be redeemable for the highly anticipated airdrop of OpenSea’s native SEA token.

In a blog post, Chief Marketing Officer Adam Hollander noted in his blog that the SEA token generation event (TGE) will take place only after a series of product rollouts are completed. The exact launch date for the token has not yet been determined.

Source: CoinDesk

Nansen Points Program Season 1 to Launch on June 17

On-chain data analytics platform Nansen will officially kick off Season 1 of its Points Program on June 17, according to CEO Alex Svanevik. In a recent post, Svanevik announced that users can already begin staking, subscribing, and referring others—actions that will all contribute to their points balance in the upcoming season.

Binance Distributes Gas Fee Rebates to Users Impacted During PFVS Airdrop

Binance has distributed 147,654.99 USDT in subsidies to users who paid over 10 USDT gas fees for network congestion during the PFVS airdrop. Binance noted that eligible users can now view the rebates in their spot accounts on the Binance website. For users in certain unsupported regions, the subsidies have been credited directly to their Binance Wallet addresses.

Fly (formerly Magpie Protocol) to Hold Token Generation Event on June 6

Decentralized liquidity aggregation protocol Fly (formerly known as Magpie Protocol) has confirmed that its Token Generation Event (TGE) will take place on June 6.

Plume Network Co-founder and CTO Eugene Shen passed away earlier this week

Plume Network co-founder Eugene sadly passed away earlier this week. The Plume team described Eugene as a highly talented and curious individual who dedicated tremendous effort to the project. They are currently supporting each other through this difficult time and remain committed to advancing the technologies Eugene helped develop, continuing to drive on-chain innovation and growth.

SOL Strategies Files Preliminary Prospectus for $1 Billion Infrastructure Offering

Canadian publicly listed company SOL Strategies has submitted a preliminary short-form prospectus to securities regulators across Canadian provinces and territories. The filing seeks to raise up to $1 billion USD over the next two years through the issuance of common shares, warrants, and other securities.

Once the prospectus receives final approval, the company will be authorized to issue common shares (including “at-the-market” offerings), warrants, subscription receipts, units, debt securities, or any combination thereof. CEO Leah Wald stated that this move will enhance the company’s flexibility to seize investment opportunities within the Solana ecosystem. At present, SOL Strategies has no immediate plans to issue securities under this prospectus.