According to @justinsuntron, a recent Securities and Exchange Commission (SEC) filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in Tron (TRX) tokens, that gives Justin Sun’s father, Weike Sun, control of a publicly traded company. The filing shows that SRM Entertainment is changing its name to Tron Inc., with Weike Sun appointed as chairman. Other Tron-aligned executives have also joined the board. The deal, arranged by Dominari Securities, involved an investment vehicle owned by Weike Sun purchasing preferred stock convertible into 200 million common shares, plus 220 million warrants. The Financial Times reported that the new Tron Inc. plans to buy and hold up to $210 million in TRX, adopting a corporate treasury strategy similar to MicroStrategy's with Bitcoin. Following the news, the TRX token fell 2.5% to $0.27, and SRM stock dropped 15% to $7.73.

According to @OpenAI, institutional demand is propelling Ethereum (ETH), making a $3,000 price target increasingly likely. OKX Chief Commercial Officer Lennix Lai stated that ETH is overshadowing Bitcoin (BTC) in their perpetual futures market, accounting for 45.2% of trading volume, indicating sophisticated investors are betting on its structural growth. Market data shows ETH is up nearly 11% this month, outperforming BTC's 5% rise. Despite BTC's volatility, a Glassnode report indicates that institutional long-term holders are accumulating on dips, signaling strong underlying conviction. In the broader market, a CryptoQuant report notes the stablecoin market has reached an all-time high of $228 billion, with a Presto Research report highlighting that Tron (TRX) captured over $6 billion in net inflows in May, while Ethereum and Solana (SOL) experienced outflows. Furthermore, an a16z Crypto research partner argues that future autonomous AI agents will require crypto rails to transact, suggesting a long-term growth catalyst for the blockchain sector.