News linked to both this project and an event.
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
law firm Rosen Law Firm has announced an investigation into Michael Saylor's company Strategy (MSTR) and STRC, concerning potential securities law claims. According to the law firm, Strategy "may have issued materially misleading business information to the investing public," and is therefore evaluating related investor losses and potential legal liabilities.
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
the UK-based maritime analysis firm Windward released a report on the 4th, stating that satellite images show Iran's key oil export hub, Kharg Island, has resumed loading operations.The report stated that satellite images obtained on June 2nd show a very large crude carrier (VLCC) anchored near the western terminal of Kharg Island. This is the first confirmed vessel to berth at the facility since it was shut down in early May due to a suspected oil leak. On June 3rd, the VLCC at the western berth and a Panamax tanker at the eastern T-shaped jetty were conducting loading operations simultaneously. By the 4th, the VLCC had completed loading and departed, while the Panamax tanker remained at the dock. Windward stated that the simultaneous resumption of services at both terminals indicates that Iran is actively restoring its crude oil export capacity.The report also noted that small fast boats of Iran's Islamic Revolutionary Guard Corps (IRGC) remain highly active throughout the Strait of Hormuz. This sustained high level of activity indicates that the IRGC maintains a high state of readiness to support Iran-related vessels in the strait. (Xinhua News Agency)
According to Cointelegraph, U.S. law firm Gerstein Harrow LLP has filed an application with the U.S. District Court for the Southern District of New York seeking a temporary restraining order and three writs of execution to prevent the Arbitrum DAO from transferring 30,766 ETH (valued at approximately $73 million) frozen following the Kelp vulnerability. The firm argues that its clients obtained default judgments against North Korea in U.S. courts in 2010, 2015, and 2016, entitling them to roughly $877 million in compensation—and contends that the stolen ETH constitutes North Korean-linked assets that should be used to satisfy those judgments. Kelp DAO suffered a $292 million hack on April 18; the attacker was identified as TraderTraitor, a subgroup of the North Korean state-sponsored hacking group Lazarus Group. Aave Labs previously proposed unfreezing the seized funds and transferring them into the “DeFi United” fund to compensate rsETH holders—but this legal action by Gerstein Harrow may significantly delay compensation for victims. Members of the Arbitrum DAO community have criticized the move, arguing it shifts the burden of North Korea’s debts onto another set of victims, thereby exacerbating the original harm. Gerstein Harrow had previously pursued litigation related to the 2023 Heco Bridge hack involving Teth
Odaily According to a report released on the 19th by Windward, a UK-based maritime analysis company, Iran briefly reopened the Strait of Hormuz before closing it again. In the past 36 hours, 35 ships have turned around and headed back while attempting to exit the strait. The report states that after Iran announced the reopening of the strait on the 17th, ship responses that day were relatively cautious. On the 18th, traffic through the strait was initially sparse but then rapidly increased, with ships rushing to pass through before the situation deteriorated. A total of 35 ships transited the strait that day, including 8 entering (comprising 4 oil tankers, 2 bulk carriers, and 2 other cargo ships) and 27 exiting (comprising 8 oil tankers, 3 bulk carriers, 15 other cargo ships, and 1 passenger ship). (Xinhua News Agency)