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According to Reuters, GameStop (GME) stated that despite eBay (EBAY) rejecting its acquisition offer of approximately $56 billion in cash and stock in May, the company will continue to push forward with the acquisition plan and will soon release detailed strategic logic and operational integration plans. GameStop CEO Ryan Cohen previously argued that the reason for acquiring eBay is that the merged company would become a stronger competitor to Amazon.Meanwhile, GameStop disclosed that the adjusted EBITDA for the fiscal year 2026 is expected to exceed $600 million, a significant increase from $345.4 million in the fiscal year 2025.

According to Cointelegraph, Ethereum is embroiled in a fierce governance debate over the source of core development funding. Last Friday, former Ethereum Foundation contributor Trenton Van Epps warned that as old support programs deplete and foundation expenditures shrink, the core development ecosystem could face a "slow-burning funding crisis" within three to nine months, requiring approximately $30 million annually to maintain over a dozen clients, research, and coordination teams.The core of the debate stems from the "validator redirect income" proposal put forward by Kleros co-founder Clément Lesaege, which suggests redirecting 0% to 10% of validator rewards to an ecosystem funding pool, estimated to generate about 50,000 to 70,000 ETH annually at current staking levels. This proposal has faced widespread opposition, with critics warning that it could entrench the power of large validators and blur the boundaries between operations and governance. Some community members previously countered that the foundation's funds are sufficient to operate for 30 years, but the foundation's actual decisions indicate that it is actively shrinking expenditures and pushing for diversified funding models.On Monday, a nonprofit organization called EthLabs was announced, initiated by five former Ethereum Foundation researchers, aiming to directly fund development through large ETH holders. On Tuesday, Ethereum founder Vitalik Buterin stated that the foundation is cutting its budget by about 40% according to established policies and has recently laid off 54 people.

The latest market report from QCP indicates that Bitcoin surged past $65,000 after Strategy announced an increase in cash reserves and the purchase of an additional 520 Bitcoins, improving short-term market sentiment.At the same time, there was a noticeable rotation within the U.S. stock market, with the Nasdaq weakening and small-cap stocks strengthening, reflecting that risk appetite has not broadly weakened.

Aave experienced approximately $8.45 billion in fund withdrawals after the KelpDAO's rsETH cross-chain bridge was attacked in April 2026, but the core functions of the protocol did not fail, successfully completing one of the largest liquidity stress tests in DeFi to date. This crisis originated from the attack on KelpDAO's LayerZero cross-chain bridge, resulting in approximately $292 million in rsETH being stolen, raising concerns in the market about the collateral value and solvency of rsETH.As rsETH is widely used as collateral in protocols like Aave, the risk quickly spread, leading to concentrated withdrawals by users, with some market utilization reaching 100% at one point, causing some users to be unable to withdraw funds immediately. In the face of liquidity tightening, the Aave risk management team initiated emergency freeze and parameter adjustment mechanisms to limit the spread of risk.Aave founder Stani Kulechov viewed this incident as proof of the maturity of DeFi, believing that the protocol continued to operate as designed under extreme pressure, demonstrating the resilience of an on-chain transparent, rules-driven system. However, several independent analysts pointed out that while Aave avoided a systemic collapse, the event exposed that the DeFi lending system still has concentration risks, liquidity risks, and contagion risks arising from high interconnectivity between protocols. The behavior of large borrowers could have an impact on the overall stability of the system that exceeds model expectations.Aave currently controls risk through multiple protective measures such as loan-to-value (LTV) limits, liquidation thresholds, supply caps, borrowing limits, Isolation Mode, E-Mode, and governance mechanisms. These mechanisms played a role during this crisis, but observers believe that the governance response speed and risk models still need further optimization to cope with future unknown systemic shocks.Analysis suggests that this incident indicates that DeFi protocols can withstand large-scale runs without external assistance, but a single stress test cannot fully prove system safety. As the composability between protocols continues to strengthen, an issue with an external asset or cross-chain bridge could still quickly evolve into a liquidity crisis for the entire ecosystem.

According to ChainCatcher news, Reuters reported that senior U.S. officials stated that Israel and Hezbollah have agreed to a ceasefire at 4 PM local time on Friday (9 PM Beijing time).

The cryptocurrency trading platform SuperEx announced that it will officially launch the NFLXUSDT, EBAYUSDT, and HIMSUSDT perpetual contract trading pairs on June 10 at 11:00 Beijing time (03:00 UTC).It is reported that the newly launched contract trading pairs support full margin, cross margin, and isolated margin modes, and users can experience trading through SuperEx's web and app platforms.

According to CoinDesk, the U.S. House Financial Services Committee held a hearing on stablecoin regulation and the bank charter application of World Liberty Financial (WLFI). Acting Comptroller of the Currency Jonathan Gould denied any "endorsement" from Trump, pointing out that the only political pressure his agency faces comes from Democratic lawmakers, not Trump. Democrats questioned the compliance of WLFI's bank charter application, citing its connections to foreign investors and alleged regulatory violations involving entities such as Binance.Additionally, Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill stated that new rules requiring stablecoin issuers to establish customer identification programs will be proposed soon. Federal Reserve Vice Chair for Supervision Michelle Bowman provided clarification regarding the approval of a master account for the cryptocurrency exchange Kraken, emphasizing that the account has limited authority and an initial term of 12 months, during which close monitoring will occur to gather experience for formal rulemaking.

According to Decrypt, publicly traded video game and collectibles retailer GameStop (GME) submitted documents to the SEC requesting shareholder approval to increase the number of authorized common shares from the current 1 billion to 2.5 billion, in order to enhance financial flexibility.This proposal is one of five proposals that will be voted on at the annual shareholder meeting in July. This move could provide the company with more leverage for acquiring eBay, which it was previously denied.

Tria announced that the $2.25 million USDT cash rebate has been officially distributed to all eligible users, and you can claim it immediately by opening the Tria App.At the same time, Tria's second quarter rewards have been fully launched, including the distribution of 300,000 USDT + 40 million TRIA, with the third quarter approaching.

According to market news, eBay has rejected GameStop's acquisition offer of approximately $56 billion, stating that it is "neither credible nor attractive."Previously, on May 4, GameStop proactively proposed to acquire the online trading platform eBay for about $56 billion. GameStop's CEO Cohen stated that the company holds about 5% of eBay's shares and proposed to acquire it for $125 per share in cash and stock. If eBay does not accept this proposal, Cohen is prepared to initiate a proxy battle and submit the proposal directly to shareholders.

According to a screenshot posted by GameStop CEO Ryan Cohen on social media, just two days after he proposed to acquire eBay for $56 billion, his personal platform account was permanently banned by eBay. The reason given was that "some of the user's activities are posing a risk to the eBay community."

According to official news, B.AI launched a significant recharge benefits upgrade event on May 3, temporarily opening a 1:1 equivalent recharge rebate mechanism. Users can enjoy an equivalent amount of credits upon recharge, achieving an ultra-low cost of 50% for accessing cutting-edge models like GPT-5.5, Claude Opus 4.7, and "Sun Ge's Brain," as well as Web3 trading skill packages.This event completely breaks the first recharge limit, with each recharge automatically receiving an equivalent bonus. Each user can accumulate up to $100 in free credits; the platform releases a $10,000 points subsidy pool daily, available in limited quantities across the network, resetting daily on a first-come, first-served basis.Starting today, visit the official website to unlock top-tier computing power at the lowest cost and fully unleash the infinite potential of AI Agents and the on-chain ecosystem.

According to the Wall Street Journal, GameStop will offer $56 billion to acquire eBay.It is reported that GameStop CEO Ryan Cohen stated that GameStop currently holds about 5% of eBay's shares and has proposed to acquire eBay with a combination of cash and stock at $125 per share, which is about a 20% premium over eBay's closing price last Friday.

According to informed sources, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market value of about $45 billion, with the aim of transforming it into a retail giant worth over $100 billion, while GameStop itself currently has a market value of only about $11 billion.After the news broke, eBay's stock price surged over 10% in after-hours trading, while GameStop rose about 5%. Sources also revealed that GameStop has quietly increased its stake in eBay and may submit a bid as early as later this month. If the eBay board rejects the offer, Cohen may launch a tender offer directly to eBay shareholders.Cohen made it clear earlier this year that he is looking for significant acquisition targets in the consumer and retail sectors, attempting to expand the company's business beyond video games and collectibles. He recently adjusted the compensation plan, which could allow him to earn up to $35 billion in stock returns if the company's market value reaches $100 billion and other conditions are met.As of the end of March, GameStop held about $9 billion in cash, a significant increase from $4.8 billion in the same period last year, providing ammunition for this "snake swallowing elephant" acquisition. eBay's stock price has risen over 50% in the past 12 months, and in February of this year, it acquired the second-hand fashion platform Depop for $1.2 billion, indicating that its core strategy focusing on collectibles and fashion is beginning to show results.GameStop investor Michael Burry, the real-life inspiration for the movie "The Big Short," has also publicly called for the company to use its cash reserves for transformative acquisitions. Since joining the board in 2021 and becoming chairman, Cohen has garnered a large following of enthusiastic supporters due to his commitment to turning the company around, and he is expected to leverage the massive online fanbase to generate momentum for this deal.

Andre Cronje stated in an interview with Cointelegraph that many DeFi protocols today are "no longer truly DeFi" and are more like "profit-driven companies operated by teams," as they generally rely on upgradable contracts, multi-signatures, off-chain infrastructure, and manual operational control.Cronje pointed out that the current industry is still overly focused on smart contract audits while neglecting operational risks that are closer to traditional finance (TradFi). He believes that recent attack incidents are not due to code vulnerabilities but stem from off-chain infrastructure, permission management, and social engineering attacks.The discussion arises from the recent frequent security incidents in DeFi. In April, protocols such as Flying Tulip, Drift Protocol, and Kelp encountered security events, with Drift and Kelp suffering losses of approximately $280 million and $293 million, respectively.In response, Flying Tulip has introduced a "Withdrawal Circuit Breaker," which can delay or queue withdrawal requests when unusually large withdrawals occur, allowing the team about 6 hours to respond. Cronje emphasized that this mechanism does not permanently freeze withdrawals but serves as a layer of protection within the security system.However, Michael Egorov holds a cautious attitude towards this. He stated that the circuit breaker itself could also become a new point of centralized risk. If control permissions fall into the hands of an attacker, the mechanism originally intended to protect the protocol could instead be used to freeze assets or directly transfer funds.Egorov believes that the long-term direction of DeFi should be to minimize human intervention and centralized permissions as much as possible, rather than adding more layers of manual control. "The security of DeFi comes from decentralization, not more human management."