Ya Rahman, Ya Rahim

We begin with Praising You, Allah, the Lord of the Worlds, the Most Compassionate, the Most Merciful. We ask for Your blessings and peace upon Your Prophet Muhammad, his family, and his companions.

Our hearts ache for the People of Rafah. We come before You today, filled with concern and supplication. We witness their struggles, their hardships, and their yearning for peace and security.

Ya Allah. Ease their anxieties, their worries, and their burdens. Replace their fear with courage and their despair with hope

Ameen

In May, Bitcoin miners' revenue significantly decreased to $963 million, marking a decline of 46%.

Due to the impact of the Bitcoin block reward halving in April, Bitcoin miners' revenue decreased to $963 million in May, representing a decline of 46%. Additionally, Ethereum staking revenue increased by 4.1% to $267 million. Furthermore, the Ethereum network burned a total of 26,747 ETH in May, equivalent to approximately $91.7 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has burned approximately 4.3 million ETH in total, valued at around $12.1 billion.

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Render Foundation will provide grants to creators of next-generation 3D projects

On June 3, The Render Network posted on the X platform that The Render Foundation will provide grants to creators of next-generation 3D projects. Interested projects can fill out a quick referral form. In addition, the Render Network Foundation announced the launch of a grant program and provided general guidance.

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ProShares to launch two Ethereum leveraged ETFs

According to financial reports, ETF provider ProShares announced that it will launch two Ethereum-pegged ETFs: ETHT and ETHD. The ProShares Ultra Ether ETF (ETHT) targets a 2x daily return on Ethereum, while the ProShares UltraShort Ether ETF (ETHD) will be the first such product to be listed in the United States, targeting a -2x daily return on Ethereum. Both ETFs are expected to be listed on the New York Stock Exchange on Friday, June 7.

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Finloop, a subsidiary of Fosun International, is applying for a license and plans to expand into virtual assets and other businesses in the Singapore market next year

According to a financial report, Cheng Kang, CEO of Fosun Wealth, a subsidiary of Hong Kong-listed Fosun International, said that the group's wealth management platform Finloop will develop more innovative services in the fields of virtual assets, and will quickly enter markets such as Singapore, Southeast Asia and the Middle East while adding the Hong Kong market in the future. Cai Hua, a partner of Fosun Wealth International, said that the company is applying for relevant licenses in Singapore and is expected to officially enter the local market next year, and then expand to the Middle East and Southeast Asian markets in turn.