According to @PeckShieldAlert, the U.S. Department of Justice (DOJ) has initiated a civil forfeiture action to seize over $225 million in USDT linked to a 'pig butchering' scam that contributed to a Kansas bank's collapse. The DOJ complaint states that crypto exchange OKX provided crucial information that helped uncover a laundering network with approximately $3 billion in transaction volume. For traders, this large-scale seizure of USDT is significant as the funds are likely to be earmarked for a U.S. government crypto stockpile, potentially impacting stablecoin liquidity and regulatory perspectives. In parallel, the stock of SharpLink Gaming (SBET), a Nasdaq-listed firm pursuing an Ethereum (ETH) treasury strategy, plunged 70% in after-hours trading. This followed an SEC filing enabling the resale of over 58 million shares. However, BTCS CEO Charles Allen suggested this could be a strategic move, speculating that SharpLink may soon announce a major ETH purchase of up to $1 billion, which could sharply reverse the stock's trajectory. At the time of the report, ETH was trading down 4.1% at around $2,650.

According to @Andre_Dragosch, the cryptocurrency market is witnessing several pivotal technical and strategic shifts. Polygon (MATIC) is undergoing a major overhaul as co-founder Sandeep Nailwal takes over as CEO of the Polygon Foundation, reorienting the project towards its AggLayer cross-chain protocol and retiring the zkEVM rollup, as stated in a press release. Concurrently, the Ethereum Foundation has implemented a new treasury policy, capping annual operational expenses at 15% to ensure long-term sustainability and focus on critical deliverables for 2025-26, according to its blog post. In the Bitcoin ecosystem, developers confirmed in a GitHub update that the upcoming Bitcoin Core version 30 will increase the OP_RETURN data limit from 80 bytes to nearly 4MB, a move that has sparked debate about potential network spam. Other significant developments for traders include the mainnet launch of Plume, a blockchain focused on real-world assets (RWA), and Ant Group's reported plan to seek stablecoin licenses in Hong Kong and Singapore, signaling growing institutional interest and regulatory clarity in Asia.

According to VitalikButerin, Ethereum's core treasury will allocate approximately 15% of its reserves in 2025 while maintaining a fiat-denominated buffer equivalent to 2.5 years of expenses. Over time, the foundation intends to reduce spending to a sustainable level, targeting around 5% per year to reinforce its position as a long-term steward. For traders, this disciplined treasury management signals reduced risk of forced liquidations and potential positive sentiment for ETH price stability, as cited from VitalikButerin on Twitter (June 4, 2025).

According to PeckShieldAlert, the Ethereum Foundation (EthDev) has internally transferred 1,000 ETH, valued at approximately $2.6 million, to a related address (0xc061...0B6d) that was previously funded by EF1. Such internal transfers by the Ethereum Foundation are closely watched by traders, as they may indicate upcoming organizational activities, treasury management, or preparations for market actions. Historically, significant ETH movements by foundation-linked addresses have been correlated with short-term price volatility and shifts in market sentiment, prompting traders to monitor on-chain data for additional large-scale transfers or sell-offs. Source: PeckShieldAlert on Twitter, May 30, 2025.