Author: Shenchao TechFlow
Yesterday's Market Dynamics
Israel seeks to preserve its freedom of action in Lebanon within the Iran agreement.
According to sources familiar with the matter, Israel is pushing the United States to include Israel’s freedom of action in Lebanon within the proposed Iran peace deal. This demand could introduce new obstacles to negotiations, as Iran insists that any ceasefire agreement must include an end to the conflict in Lebanon.
Trump appoints former Attorney General Bondi to the White House AI Committee
According to Axios, President Trump has appointed former Attorney General Pam Bondi to an advisory committee focused on artificial intelligence policy. Bondi, who was dismissed from her role as Attorney General last month, will join the President’s Council of Advisors on Science and Technology.
The committee is co-chaired by former White House AI advisor David Sacks and White House science advisor Michael Kratsios, and includes more than a dozen tech executives, such as NVIDIA co-founder Jensen Huang, Meta CEO Mark Zuckerberg, and Oracle co-founder Larry Ellison. Bondi is expected to oversee coordination between the government and the tech giants on the committee.
The U.S. SEC proposes amending the IPO "pre-filing" rules to boost the number of U.S. public companies.
The U.S. Securities and Exchange Commission (SEC) is considering revising decades-old rules that prohibit companies from engaging in certain communications during the IPO process, in hopes of boosting initial public offerings. SEC Chairman Paul Atkins said on Tuesday at an event at Stanford University that he welcomes reforms to the so-called "gun jumping" rule, which has not been updated in over 20 years.
Atkins stated, “The way companies communicated with employees, customers, and potential investors back then bore almost no resemblance to today. I look forward to establishing a more coordinated set of rules that provide clarity, simplicity, and alignment with today’s technology.” Atkins has previously expressed regret over the decline in the number of U.S. public companies since the 1990s and pledged to ease regulations and implement industry-friendly policies to stimulate market activity. Last week, the agency unveiled comprehensive proposals that could allow new large issuers to temporarily avoid many of its most stringent disclosure requirements. Part of the proposal would permit companies classified as “large accelerated filers” to skip certain requirements for up to five years. The agency will seek public comment on the proposal over the next 60 days.
Resolv Foundation announces its recovery plan and launches its RWA business line, Vault Street.
The Resolv Foundation has announced its recovery plan following the protocol security incident. USR/wstUSR held and snapshotted prior to the incident will be exchanged at a 1:1 ratio for USDC; USR/wstUSR acquired after the incident will be exchanged at a 1:0.5 ratio for USDC. RLP holdings will be restored at 0.71 USDC per token, with additional RESOLV token allocations based on a reference price of $0.03. The Foundation states that eligible users may claim their recovery funds between May 26, 2026, and August 26, 2026.
Meanwhile, Resolv has launched Vault Street, a tokenized RWA business line governed by the foundation, with its first product, primeUSD, currently in private testing and scheduled for official launch in June.
Umbra and Streamflow launch private token vesting on Solana
According to The Block, Solana’s privacy layer Umbra has partnered with the token distribution platform Streamflow to launch a private token vesting feature, enabling projects to conduct token vesting and distribution on-chain in a confidential manner.
This solution is powered by Arcium’s encrypted execution engine, keeping actual token transfers private while preserving distribution mechanisms such as time locks and price conditions. The move aims to reduce pre-trade and on-chain monitoring risks during token unlocking. Streamflow states that its platform currently serves over 1.3 million users and more than 40,000 projects.
The Babylon proposal aims to integrate the Trustless BTC Vault into Aave v4 to introduce native Bitcoin collateral.
Aave founder Stani posted on X that Babylon has submitted a proposal on the Aave Governance Forum to integrate the Trustless BTC Vault into Aave v4, proposing the addition of two new Aave v4 Spokes to enable native Bitcoin as collateral and inviting community feedback. The goal is to establish a trustless Bitcoin collateralization model, allowing participation in Aave v4’s lending system without leaving the Bitcoin network.
Previously, the Aave DAO also proposed a governance motion to integrate the Babylon protocol into V4, enabling users to borrow and lend using native Bitcoin as collateral, without relying on wrapped BTC or centralized custodial solutions.
Robinhood's acquisition of WonderFi has been approved by Canadian regulators.
The Canadian investment regulator CIRO has approved Robinhood’s acquisition of the digital assets products and services company WonderFi. WonderFi stated that the transaction will enhance Robinhood’s capabilities in programmable financial products and expand Canadian users’ access to cryptocurrency trading. Originally planned for completion in the second half of last year, the deal has been extended to June 1, 2026, to allow Robinhood time to deploy its own technology in Canada and complete regulatory approvals. WonderFi’s portfolio includes Bitbuy and Coinsquare, offering services such as cryptocurrency trading, staking, and custody.
The strategy has completed a $1.5 billion debt repurchase, achieving a BTC return of 13.3% year-to-date.
According to the official announcement from Strategy (@Strategy), Strategy has repurchased $1.5 billion in 2029 convertible bonds at approximately an 8% discount, generating an additional 0.7% BTC yield, reducing the company’s total debt to $6.7 billion.
Since the beginning of 2026, the Strategy has generated a BTC yield of 13.3%, accumulating 89,378 BTC with a value of approximately $6.8 billion. As of May 25, 2026, the company holds a total of 843,738 BTC, with an aggregate purchase cost of approximately $63.87 billion, at an average price of about $75,700 per BTC.
Sharplink and Forward will be included in the Russell Index, providing indirect exposure to ETH and SOL.
According to The Block, Sharplink and Forward Industries, which adopt cryptocurrency asset reserve strategies, will be added to the Russell 2000 and Russell 3000 indices following the FTSE Russell annual reconstitution, effective at the open of U.S. markets on June 29. This means index investors will gain indirect exposure to ETH and SOL through these two companies.
Reports indicate that Sharplink currently holds 868,699 ETH, valued at nearly $1.8 billion; Forward Industries holds approximately $585 million in SOL. FTSE Russell previously reported that about $12.2 trillion in assets are benchmarked to the Russell U.S. Index.
Quantum computing company Quantinuum seeks $1.05 billion in IPO funding
According to Bloomberg, Honeywell International’s quantum computing subsidiary, Quantinuum Inc., has filed for an IPO with the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 21 million shares at a price of $45 to $50 per share, aiming to raise $1.05 billion through the offering. At the upper end of the price range, the company’s valuation would reach $12.7 billion.
Market Updates
Recommended Reading
Tether's new business: helping small countries issue stablecoins
https://www.techflowpost.com/en/article/31755
Tether has announced a partnership with the Georgian government to issue the GEL₮ stablecoin pegged to the Georgian lari, aiming to reduce costs, accelerate settlement, and facilitate cross-border payments. Tether’s strategy involves gradually building a global financial infrastructure network by issuing local currency stablecoins for smaller nations. This model may have potential implications for sovereign monetary control and financial stability, but it also offers smaller countries a convenient pathway to currency internationalization and streamlined cross-border payments.
While facing off against the Pentagon, Anthropic’s co-founder went to the Vatican to seek the Pope’s support?
https://www.techflowpost.com/en/article/31757
The article primarily discusses statements and context from Chris Olah, co-founder of the AI company Anthropic, following the release of Pope Leo XIV’s encyclical Magnifica Humanitas, which focuses on the threats artificial intelligence poses to human dignity and calls for a global slowdown in AI development. The article also provides detailed insights into Anthropic’s interactions with religious groups and the company’s current political standing.
Conversation with Arthur Hayes & NEAR Co-founder: HYPE Target Price $150, 20x Potential for NEAR?
https://www.techflowpost.com/en/article/31758
This article discusses the future trends of the crypto market, the importance of privacy assets, and the potential of AI and blockchain technology. Through an in-depth analysis of NEAR, Zcash (ZEC), and Hyperliquid (HYPE), it reveals that privacy is key to mass crypto adoption, as well as the impact of AI on labor markets and potential political risks.
Semiconductors rose 78% annually, software fell 12%: A "liquidity suction" is unfolding within tech stocks.
https://www.techflowpost.com/en/article/31759
The article analyzes the differing market performances of the semiconductor and software industries, noting that the semiconductor sector has shown strong performance due to capital inflows and technological innovation, while the software sector has experienced significant declines due to AI substitution narratives and capital outflows. It also describes the current cyclical trends in the technology sector and potential future changes.
Microsoft's AI Strategy: The Triple Dilemma of Falling from Leader to Follower
https://www.techflowpost.com/en/article/31763
The article discusses Microsoft’s AI strategic dilemma in 2026, including its reliance on OpenAI, a defensive mindset in the enterprise market, and failures in security and cost control. It notes that Microsoft has slipped from being a leader to a follower in AI, and explores the future potential of its self-developed model, MAI, and its impact on the company’s AI narrative.