Backpack launches stock tokenization platform, Backpack Securities

According to official sources, Pingu Exchange, an on chain perpetual contract platform, announced that it will permanently shut down on July 31, 2026. Pingu launched Arbitrarum in January 2024, raising approximately $270000 in total and generating $2.4 billion in trading volume. It distributed approximately $650000 in rewards to pledged users. After migrating to the Monad mainnet, the transaction volume was only about $80 million in 6 months, and the team stopped receiving salaries from February. The platform will enter the "reduction only" mode from June 3rd, complete settlement and close the application on July 31st. The team plans to use 64.46 ETH to provide exit liquidity for early Arbitrarum users and give up 57% of the treasury token equity to increase the community exit value.

[Address 0x577…95fd2 Holds Unrealized Gains of $1.46 Million] According to on-chain analyst Ai Yi (@ai 9684xtpa), address 0x577…95fd2 holds leveraged long positions in NVDA and MRVL worth $27.2 million (3x leverage), currently with unrealized gains of $1.38 million. Additionally, the address has opened a 3x leveraged short position in $ETH worth $4.94 million, with an entry price of $2006.6, currently showing unrealized gains of $72,000. The combined unrealized gains for these positions total $1.46 million.

The Nasdaq 100 index turned up, with Maiwell Technology up 22%, Broadcom up 5.3%, and Nvidia up 3.1%.

Franklin Templeton has partnered with MoonPay to integrate BENJI into a broader on chain economic ecosystem. （Cointelegraph）

The US stock market opened lower, with the Dow Jones Industrial Average falling 210 points, the Nasdaq falling 74 points, and the S&P 500 index falling 0.18%.