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Bitcoin faces pressure as UTXOs hit record losses, but DDC boosts holdings with 90 BTC.
Bitcoin’s $63k slide shows ETF demand fighting AI equities for dollar liquidity
CryptoSlate - Bitcoin’s relationship with the S&P 500 has stopped behaving like a simple correlation trade at exactly the wrong time for bulls. For much of 2026, the logic was clean enough. When oil jumped during the Iran war, yields rose amid inflation fears, stocks sold off, and Bitcoin followed, as the market treated BTC as a […] The post Bitcoin’s $63k slide shows ETF demand fighting AI equities for dollar liquidity appeared first on CryptoSlate.
Premu Opens User-Created, Leveraged Prediction Markets Ahead of the 2026 World Cup
DailyHODL - Stockholm, Sweden, 4th June 2026, Chainwire The post Premu Opens User-Created, Leveraged Prediction Markets Ahead of the 2026 World Cup appeared first on The Daily Hodl.
British Teen Sanctioned By Russia After Alleging Crypto Use to Evade Sanctions
Decrypt - The teenager's research into Russia’s alleged illicit crypto flows appears to have prompted Moscow's retaliation.
Strategy's Saylor Explains Why AI Boom Ruins Bitcoin
U.Today - Michael Saylor attributes the recent Bitcoin drawdown to a $400 billion capital rotation into AI infrastructure, framing the crypto market collapse as a temporary squeeze. Michael Saylor attributes the recent Bitcoin drawdown to a $400 billion capital rotation into AI infrastructure, framing the crypto market collapse as a temporary squeeze.
Asian Food Company DDC Now Holds 2,804 BTC After Adding 90 More Bitcoin
Bitcoin.com - DDC Enterprise Limited, the NYSE-listed Asian food platform behind the Daydaycook brand, disclosed on June 3, 2026, that it acquired an additional 90 BTC, bringing total corporate bitcoin holdings to 2,804 BTC. Another Dip Buy as Holdings Near 3,000 BTC The company announced the purchase via its official X account with the note: “When the […]
74% of Strategy's Bitcoin Holdings Enter Loss Territory
U.Today - Strategy has suffered losses of over $7 billion as about 74% of its total Bitcoin holdings are currently held at a loss with Bitcoin sliding below $65,000. Strategy has suffered losses of over $7 billion as about 74% of its total Bitcoin holdings are currently held at a loss with Bitcoin sliding below $65,000.
BloFin Research: Bitcoin’s Sharp Fall Is on Schedule, Not Off the Rails
BeInCrypto - Bitcoin’s sharp fall is following the four-year cycle’s depth, slope, and timing; the selling from ETFs and Strategy and the mega-IPO liquidity drain are this cycle’s triggers, but the decline is on schedule. The Four-Year Cycle Framework Bitcoin has moved in a four-year pattern since its first traded cycle. Peaks have arrived in late 2013, The post BloFin Research: Bitcoin’s Sharp Fall Is on Schedule, Not Off the Rails appeared first on BeInCrypto.
Coinbase and Tech Giants Strike ‘Pig Butchering’ Networks
cryptoDNES - The DOJ, Coinbase, SpaceX, and Meta joined forces in 'Disruption Week' to dismantle major crypto fraud infrastructure and freeze millions in stolen assets. The post Coinbase and Tech Giants Strike ‘Pig Butchering’ Networks appeared first on CryptoDnes EN.
Wedbush’s Dan Ives Sees 30% Upside for ‘Mispriced’ Mag 7 Stock, Says AI Could Hit Monetization Phase in Coming Months
DailyHODL - Hedge fund veteran Dan Ives believes one Mag 7 tech stock is undervalued and will soon print massive gains. In a new CNBC interview, Ives says that Microsoft (MSFT) could surge by more than 30% from its current value as he expects artificial intelligence (AI) to start generating revenue for the company after large-scale investments […] The post Wedbush’s Dan Ives Sees 30% Upside for ‘Mispriced’ Mag 7 Stock, Says AI Could Hit Monetization Phase in Coming Months appeared first on The Daily Hodl.
Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion
CryptoSlate - Thomas Lee's BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout. On June 3, the company revealed plans to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, creating a potential $300 million raise. The shares […] The post Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion appeared first on CryptoSlate.
Bitcoin UTXOs in Loss Hit All-Time High: What It Means for the Market
Cryptopolitan - Bitcoin is down over 16% in the past week, falling from a high of around $76k to currently trading at $62k mark. The largest cryptocurrency is now down roughly 50% from its all time high set in October last year. Heavy ETF outflows, bearish headlines from Mt. Gox adding sell side pressure and Strategy’s first...
Coinbase launches pre-IPO markets, starting with Elon Musk’s SpaceX
CoinTelegraph - Coinbase launches pre-IPO markets starting with SpaceX, offering non-US users perpetual futures tied to private company valuations amid rising competition.
US Bitcoin Reserve Moving Ahead at ‘Deliberate Speed’: Bessent
Decrypt - The Treasury chief told senators the administration is using “best practices” in implementing Trump's Bitcoin reserve order.
Bitcoin News Today: BTC Fully Retraces its Pre-Iran Conflict Pump
99Bitcoins - Bitcoin Erases War Premium: Why Geo Pumps Fade The post Bitcoin News Today: BTC Fully Retraces its Pre-Iran Conflict Pump appeared first on 99Bitcoins.
Catapult Trade adds co-founder, expands operations after KuCoin Ventures investment
CoinJournal - Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder. Dang previously held growth and business development roles at Binance, KuCoin, and Crypto.com. The expansion is being funded in part by the KuCoin Ventures investment. Catapult Trade has appointed Claire “Cookie” Dang as VP of Growth and Co-Founder, the latest in a […] The post Catapult Trade adds co-founder, expands operations after KuCoin Ventures investment appeared first on CoinJournal.
FG Nexus offloads additional $17.8M Ether as losses top $100M
CoinTelegraph - FG Nexus offloads another 10,000 ETH, pushing realized and paper losses above $100 million as the Ethereum treasury firm continues cutting exposure.
Polymarket users cry foul after Strategy sale market resolves to ‘no’
CoinTelegraph - A Polymarket contract on whether Strategy sold Bitcoin by May 31 resolved to no after traders disputed how the sale should count.
Bitcoin Slides Toward $65K as Buyers Eye the $60,000 Line
TheCurrencyAnalytics - Bitcoin is wobbling. The price has been creeping toward a potential drop below $65,000, and traders aren’t exactly sleeping well… Read the original on Bitcoin Slides Toward $65K as Buyers Eye the $60,000 Line. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Coinbase Launches Pre-IPO Perps, Starting with Elon Musk's SpaceX
Decrypt - Elon Musk's aerospace company SpaceX is set to IPO, with current estimations making him the world's first trillionaire on its completion.
Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push
Decrypt - The offering would tie fixed cash dividends to a staking-heavy ETH treasury model as Strategy’s preferred stock remains under pressure.
Dollar Climbs as U.S.-Iran Standoff Rattles Currency Markets Worldwide
TheCurrencyAnalytics - The dollar is up. Hard. Safe-haven demand is surging as U.S.-Iran tensions push investors toward the greenback and away from… Read the original on Dollar Climbs as U.S.-Iran Standoff Rattles Currency Markets Worldwide. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Wyoming Governor Signs Executive Order to Court Data Center Investment
BeInCrypto - Wyoming Governor Mark Gordon signed an executive order on June 3 that opens the state to data center investment while requiring developers to cover the power costs their projects create. The order, named Data Centers the Wyoming Way, builds a framework around water, wildlife, grid costs, and workforce training. Wyoming Courts Tech Investment Without Soaking The post Wyoming Governor Signs Executive Order to Court Data Center Investment appeared first on BeInCrypto.
Strategy Didn’t Sell Bitcoin in May, According to Polymarket
CryptoPotato - Strategy's sale of 32 BTC in May sparked one of the most contentious debates around Polymarket's resolution criteria.
Crypto Holders Avoid Israel’s Tax Program, Exposing Just $50.7M of Hidden Capital
Bitcoin.com - Israel’s latest voluntary disclosure program is drawing little participation from crypto holders, with new data showing that only a small share of undeclared digital‑asset wealth is being reported. Broad Underperformance Across All Assets Israel’s push to surface undeclared cryptocurrency holdings is falling far short of expectations, with new data showing that taxpayers are largely avoiding […]
Bitcoin Quantum Discount Hits 27%: What It Means for Smart Investors Today
U.Today - Charles Edwards warns a 28% quantum discount is suppressing Bitcoin price discovery due to developer inertia. Charles Edwards warns a 28% quantum discount is suppressing Bitcoin price discovery due to developer inertia.
Zcash was rumored to have stopped working – then it became crypto’s only winner
CryptoSlate - Zcash became the subject of a brief market scare after block explorers appeared to show that the privacy-focused blockchain had stopped producing blocks for several hours. By the time developers and infrastructure providers pushed back on the claim, the market had already moved in the opposite direction. ZEC was recently trading near $620, up about […] The post Zcash was rumored to have stopped working – then it became crypto’s only winner appeared first on CryptoSlate.
Over $600M in Bitcoin longs liquidated as BTC dips toward $60K
CoinTelegraph - Many traders expect Bitcoin to stage a short-term relief bounce toward $70,000, but the broader technical setup remains bearish for BTC.
US Treasury Moves on Bitcoin Reserve With 4,500-Word Gap in Public Details
TheCurrencyAnalytics - The US Treasury is pushing ahead. Scott Bessent confirmed the department is working at what he called “all deliberate speed”… Read the original on US Treasury Moves on Bitcoin Reserve With 4,500-Word Gap in Public Details. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Schwab's Thinkorswim Launches 24/7 XRP Futures Trading
U.Today - Charles Schwab has significantly expanded its footprint in the digital asset derivatives market by launching 24/7 cryptocurrency futures trading on its popular thinkorswim platform. Charles Schwab has significantly expanded its footprint in the digital asset derivatives market by launching 24/7 cryptocurrency futures trading on its popular thinkorswim platform.
Worldcoin is overlooked bet on AI IPO wave: Maelstrom
CoinTelegraph - Maelstrom predicts the WLD token will reach $5 by August, a gain of around 900% from current levels.
Bitmine Targets $300M in Preferred Stock to Stack More ETH, Yields 9.50%
Bitcoin.com - Bitmine Immersion Technologies (NYSE: BMNR) announced plans Wednesday to raise $300 million through a new 9.50% Series A Perpetual Preferred Stock offering, its latest capital markets move to expand the world’s largest corporate ethereum treasury. The Offering The said it company filed a preliminary prospectus supplement with the SEC on June 3, 2026, pricing 3,000,000 […]
Wyoming Governor Signs Executive Order Targeting AI Data Center Investment
TheCurrencyAnalytics - Wyoming wants a piece of the AI boom. Governor Mark Gordon signed an executive order aimed at pulling major investments… Read the original on Wyoming Governor Signs Executive Order Targeting AI Data Center Investment. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Brandt Warns Bitcoin Could Face 'Terminal Wash-Out'
U.Today - Legendary chartist Peter Brandt has predicted that Bitcoin could suffer a devastating "terminal wash-out" with no market bottom in sight until October. Legendary chartist Peter Brandt has predicted that Bitcoin could suffer a devastating "terminal wash-out" with no market bottom in sight until October.
Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook
CoinTelegraph - The move comes as Ether prices slumped to a 14-month low below $1,750 on Thursday.
George Santos Hyped His State of the Union Seat, Then Bet He Wouldn’t Show
Bitcoin.com - Former U.S. congressman George Santos publicly promised he would attend President Trump’s State of the Union address in February, then quietly bet on Kalshi that he would not, according to people familiar with his trades. The prediction market froze his account and referred the case to two federal regulators, both of whom have opened insider-trading […]
Community Clashes Over Strategy’s First Bitcoin Sale in 4 Years as MSTR Craters 7%
Bitcoin.com - Strategy Inc. sold 32 bitcoin between May 26 and May 31 for roughly $2.5 million, its first disclosed net bitcoin disposal since December 2022, according to a June 1 Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). For the first time in four years, Strategy founder Michael Saylor, the man who built […]
CFTC scraps 30-year gag rule in free speech shift
Cryptopolitan - The derivatives regulator, the Commodity Futures Trading Commission, is rescinding a 30-year rule that stopped settled parties from defending themselves publicly. According to agency announcement on Wednesday, the 1998 gag rule will be abolished immediately upon its Federal Register publication. Earlier criticism from conservatives centered on claims that the rule undermined defendants’ freedom of speech,...
TSMC CEO: Global Chip Supply to Lag Behind AI Demand for Years
Binance News - TSMC held its annual shareholders meeting in Hsinchu, where Chairman and CEO C.C. Wei stated that global chip supply will continue to fall short of the surging AI demand for several years. According to Odaily, even with TSMC's capacity expansion in the United States, it will be challenging to fully meet the needs of American clients, and achieving a supply-demand balance will take time. Wei reiterated that TSMC's sales are expected to grow by over 30% this year. The company's capital expenditure is projected to approach the upper limit of $56 billion, while global major hyperscale cloud service providers are expected to ...
TSMC CEO Expects Significant Increase in CoPoS Production in Coming Years
Binance News - According to Odaily, technology analyst @jukan05 revealed that TSMC CEO stated the company's CoPoS advanced packaging technology is currently in trial production and is expected to see a significant increase in production over the next two to three years. The CEO also mentioned that TSMC is expanding its mature process wafer capacity, including facilities in Japan to meet CMOS image sensor demand and in Germany to support automotive and industrial needs. Additionally, the company has no plans to significantly raise prices like the memory semiconductor industry, focusing instead on long-term, sustainable growth rather than short-term price hikes.
Polymarket Sees Significant Shift in Musk Tweet Prediction Odds
Binance News - The prediction market Polymarket has experienced a notable change in the odds for the event "Musk Tweet May 29 to June 5, 2026," according to ChainCatcher. The probability for the "Yes" option in the sub-market "160-179" has sharply declined from 33.95% an hour ago to the current 18.4%, marking a fluctuation of 15.55%. Observers are advised to consider the impact of any related breaking news.
160 Security Veterans Urge US Senate to Pass CLARITY Act
CryptoPotato - Concerns over illicit finance remain high after reported crypto-related criminal flows jumped 162% last year.
CFTC Abolishes Long-standing 'No Deny' Policy
Binance News - The US Commodity Futures Trading Commission has rescinded its "no-deny" settlement policy, a rule in place since 1998 that prevented the agency from accepting lawsuit settlements if the defendant denied its allegations. CFTC Chairman Mike Selig said the policy "may have created an incorrect impression that the Commission is trying to shield itself from criticism," adopting language similar to that used by the SEC when it scrapped an equivalent rule in May. Crypto companies that faced enforcement actions had long criticized the rule as a restriction on free speech. The CFTC said it will not enforce existing no-deny provisions but reserves the right to require defendants to admit certain facts or liabilities. The move is part of a broader Trump-era rollback of Biden ...
Broadcom Forecast and US Data Weigh on Global Stocks
Binance News - Global stocks opened lower on Thursday following a disappointing forecast from chip giant Broadcom, which raised concerns about the AI trade. According to RTHK, stronger-than-expected US economic data further fueled speculation that the Federal Reserve might increase interest rates. Fresh Iranian attacks and stalled peace talks with the United States added to the negative sentiment, although oil prices fell on news of a ceasefire between Israel and Lebanon. Regional equity markets mirrored Wall Street's decline, where tech firms suffered after Broadcom's third-quarter chip revenue forecast fell short of expectations. In Hong Kong, the Hang Seng Index dropped 167 points, or 0.66 ...
DDC Enterprise Acquires 90 More Bitcoin, Total Holdings Reach 2,804 BTC
Binance News - DDC Enterprise, a New York Stock Exchange-listed e-commerce company, has expanded its cryptocurrency portfolio by purchasing an additional 90 Bitcoin. According to NS3.AI, this acquisition brings the company's total Bitcoin holdings to 2,804 BTC. The move reflects DDC Enterprise's ongoing strategy to increase its investment in digital assets.
AI TRENDS | World Labs and Li Feifei Critique Misuse of 'World Model' in AI
Binance News - In June 2026, World Labs, in collaboration with Li Feifei, released a conceptual article critiquing the term 'world model' as one of the most overused in the AI field. According to PANews, the article highlights the lack of commonality among various AI systems such as video generators, autonomous driving prediction networks, and robotic control models, despite all being labeled as 'world models.' Instead of introducing a new model, the article revisits the origins of the POMDP theory, categorizing all systems into three functional projections: renderers, simulators, and planners. This approach aims to cut through marketing jargon and provide a clearer understanding of the true capabilities and limitations of different AI systems.
Rare Casascius Physical Bitcoin Activated, 25 BTC Transferred
Binance News - A rare Casascius physical Bitcoin from 2011-2013 was activated on Wednesday, according to PANews. The holographic security label was removed, and the stored 25 BTC, valued at approximately $1.78 million, was transferred to a new wallet. Casascius coins were created by software engineer Mike Caldwell and came in denominations of 0.5, 1, 5, 10, 25, 100, and even 1000 BTC. Each coin's front displays a receiving address, while the private key is hidden under a holographic label on the back. Owners can reveal the private key to use the Bitcoin, but doing so diminishes the coin's collectible value. Caldwell ceased production at the end of 2013 after being informed by the U.S. Financial Crimes Enforcement Network that he was operating an unlicensed money transmission ...
STOCKS | Vanguard's S&P 500 ETF Surpasses $1 Trillion, Setting Industry Record
Binance News - Vanguard Group's ETF tracking the S&P 500 index has surpassed $1 trillion in assets, becoming the first ETF globally to reach this milestone, according to multiple U.S. media reports on June 3. The ETF, identified by the ticker VOO, has a management fee of 0.03%, significantly lower than its main competitors. According to Jin10, the surge in the fund's size is primarily driven by the AI investment boom in U.S. stocks and the global shift of capital towards low-cost passive products. Analysts have noted that the waiting period for new stocks to be included in the S&P 500 has been reduced from 12 months to 6 months, and Nasdaq has implemented ...
Serenity Executes Short-Term Trade with Bitcoin and Ethereum
Binance News - Serenity has announced the acquisition of IBIT and ETHA using Bitcoin and Ethereum, with the purchase prices set at $62,000 for Bitcoin and $1,750 for Ethereum. According to NS3.AI, Serenity clarified that this transaction is intended as a short-term swing trade rather than a long-term investment strategy.
Bessent Urges Senate to Pass Clarity Act This Summer as Time Runs Short Before Midterms
Binance News - Treasury Secretary Scott Bessent urged lawmakers to pass the Clarity Act this summer, calling the crypto market structure bill "very necessary" to bring best practices onshore and position the US as the innovation capital of the world, during a Senate Finance Committee hearing on the 2027 budget on Wednesday. Bessent also said his department is moving at "deliberate speed" to establish a strategic bitcoin reserve, describing the process as complicated but emphasizing a commitment to durable, best-practice implementation. The Clarity Act, which would regulate digital assets at the federal level for the first time, passed the House last year but remains stalled in the Senate over stablecoin rewards, developer protections, and conflict-of-interest concerns tied to President ...
Serenity Targets ETHA and IBIT for Short-Term Trades
Binance News - Serenity, known as the 'new U.S. stock market caller,' has recently focused on ETHA and IBIT for short-term trading opportunities. According to Foresight News, Serenity has identified entry points at 1750 for ETHA and 62000 for IBIT. These ETFs, launched by BlackRock, are not intended for long-term holding but rather for short-term trading strategies.
LayerZero Allocates $112.7 Million for ZRO Buyback Since September 2025
Binance News - LayerZero has announced that it has allocated a total of $112.7 million for the buyback of its ZRO tokens since September 2025. According to Foresight News, the amount of ZRO repurchased and locked now exceeds the volume sold on the market. Currently, institutions and buybacks collectively hold 19.77% of the total ZRO supply, while 63.8% of the ZRO tokens unlocked for investors remain untransferred. LayerZero emphasizes that ZRO is the sole value-capturing asset within its ecosystem, with all economic value from Zero, LayerZero, and Stargate ultimately flowing to ZRO.
FG Nexus Reduces Ethereum Holdings Amid Losses
Binance News - Blockchain sleuth EmberCN posted on X that four hours ago, FG Nexus, a treasury company, reduced its Ethereum (ETH) holdings by transferring 10,000 ETH to Galaxy Digital. This transaction is valued at approximately $18.16 million. FG Nexus, associated with the token $FGNX, has incurred significant losses amounting to $888.3 million due to its investments in Ethereum. In August and September of last year, during a period of heightened interest in DAT companies, FG Nexus purchased 50,600 ETH at an average price of $3,940, totaling $2 billion. However, following a decline in Ethereum's price, the company began reducing its holdings in November. To date, FG Nexus has sold ...
Former ConsenSys Ambassador Transfers Large Amount of ETH
Binance News - On June 4, according to BlockBeats On-chain Detection, former ConsenSys ambassador Russell Verbeeten has resumed transferring large amounts of ETH after a year. The funds can be traced back to 10 years ago, with an initial cost as low as $5.6. Seven hours ago, Verbeeten withdrew 20,426 ETH from Aave, distributing them to 10 new addresses. Of these, 4,144 ETH have been deposited into the Coinsquare centralized exchange (CEX), while the remaining tokens have not yet been moved or sold.
STOCKS | Hong Kong Semiconductor Stocks See Short-Term Gains
Binance News - Hong Kong's semiconductor sector experienced a brief surge, with InnoCare Pharma (02577.HK) rising over 7%. According to Jin10, Hard Egg Innovation (00400.HK) increased by 6.32%, Gigadevice Semiconductor (03986.HK) climbed nearly 6%, and Hua Hong Semiconductor (01347.HK) advanced more than 4%.
Bitwise CEO: SpaceX Valuation Could Match Crypto Market Cap
Binance News - Bitwise CEO Hunter Horsley stated on the X platform that if SpaceX goes public in the future, its valuation might be comparable to the total market capitalization of the entire cryptocurrency market, excluding stablecoins. According to Odaily, this suggests that the crypto market is still in its relatively early stages and not very large in scale. Horsley emphasized that the focus should not be on competition between specific assets or projects, but rather on their ability to create genuinely valuable products and services and to promote the widespread application of blockchain technology in the real world. Bitwise supports all individuals and teams working towards this goal.
Whale Acquires 5,589 ETH at $1,789 After Borrowing 10 Million USDT
Binance News - A cryptocurrency whale has made significant moves after a four-month hiatus, according to Odaily. The whale borrowed 10 million USDT and purchased 5,589 ETH at a price of $1,789. Currently, the whale holds 82,754 ETH, valued at $147.3 million.
Polymarket Sees Surge in Bitcoin $62,500 Prediction Odds
Binance News - The prediction market Polymarket has observed a significant shift in the odds for the 'Bitcoin June Price Prediction' event. According to ChainCatcher, the probability for the 'Yes' option in the sub-market predicting Bitcoin to reach $62,500 has surged from 79.5% to 95.5% within the past hour, marking a 16% increase. This change reflects potential market reactions to recent developments.
Hong Kong and Uzbekistan to Discuss Visa-Free Travel Arrangement
Binance News - The Hong Kong Special Administrative Region (SAR) government and Uzbekistan have agreed to initiate detailed discussions on relaxing travel arrangements, allowing travelers from both regions to stay visa-free for up to 30 days. Chief Executive John Lee, who is leading a business delegation in Central Asia, held a high-level meeting at the Ministry of Foreign Affairs in Uzbekistan on Wednesday. According to RTHK, Lee mentioned on his social media page that they exchanged views on formalizing the intent to advance this arrangement. Currently, HKSAR passport holders can visit Uzbekistan visa-free for 10 days, while Uzbek passport holders need a visa to enter Hong Kong. Lee stated that the two governments will promptly work on specific implementation measures to bring ...
CITIC Securities Highlights Impact of Exchange Rates on A-Share Overseas Income
Binance News - CITIC Securities has released a report indicating that while A-share companies are experiencing rapid growth in overseas income, stable foreign income does not necessarily translate to stable profits in RMB. According to Jin10, the report explains that exchange rates affect financial statements through income, costs, exchange gains or losses, derivatives, and other comprehensive income (OCI). The report advises investors to incorporate exchange rate considerations into profit analysis. It suggests focusing on companies with high overseas exposure but low exchange rate sensitivity for stable profits, while being cautious of those with high foreign currency debt, significant net exposure, and insufficient hedging.
PRECIOUS METALS | Spot Silver Rises by $1 to $73.72 per Ounce
Binance News - Spot silver has increased by $1 during the day, currently trading at $73.72 per ounce, marking a 1.38% rise. According to Jin10, this price movement reflects ongoing market dynamics.
Abraxas Capital Reduces Bitcoin Holdings Amid Market Movements
Binance News - Abraxas Capital has continued to decrease its Bitcoin holdings, selling 1,469 BTC. According to BlockBeats On-chain Detection, the firm transferred the Bitcoin to a centralized exchange (CEX) and subsequently withdrew 22.71 million USDC. Over the past day, Abraxas Capital has sold a total of 2,469 BTC at an average price of $67,210. This move reflects ongoing adjustments in the firm's cryptocurrency asset management strategy.
AI TRENDS | Top AI CEOs Call for Legislation Against Bioweapon Threats
Binance News - Top artificial intelligence executives, including OpenAI founder Sam Altman, have signed a letter urging the establishment of laws to protect against the threat of bioweapons. According to Jin10, the letter emphasizes the need for regulatory measures to address potential risks associated with advancements in biotechnology and artificial intelligence. The CEOs highlight the importance of proactive steps to ensure safety and security in the face of emerging technological challenges.
James Wynn Opens 40x Short Position on Bitcoin
Binance News - James Wynn has returned to the market, opening a 40x short position on Bitcoin, according to ChainCatcher. The position involves 2.65 BTC, valued at approximately $169,000, with an entry price of $66,703.1 and a liquidation price set at $66,628.7.
Shenzhen Stock Exchange Adjusts Hong Kong Stock Connect Securities List
Binance News - The Shenzhen Stock Exchange has announced an adjustment to the list of securities eligible for trading through the Hong Kong Stock Connect. According to Jin10, the changes will take effect from June 4, 2026. The adjustment includes the addition of WeRide-W and Pony.ai-W to the list.
Trump Sets Condition for Renewed Conflict with Iran
Binance News - U.S. President Donald Trump has informed his aides that he will not engage in a full-scale conflict with Iran unless American troops are killed. According to NS3.AI, this declaration establishes the death of American soldiers as the threshold for any potential escalation in hostilities.
Polymarket Address Faces $300,000 Loss on Seoul Mayoral Election Bets
Binance News - An anonymous address on Polymarket is experiencing a significant financial setback, with losses amounting to approximately $300,000. According to NS3.AI, the losses stem from unsuccessful bets placed on the Seoul mayoral election. The address had wagered against the election of Oh Se-hoon and also placed bets in favor of Chung Won-oh's victory.
Raoul Pal Says Bitcoin’s 318% Surge Since FTX Crash Beats Nasdaq Cold
TheCurrencyAnalytics - Raoul Pal isn’t buying the “crypto is dead” argument. Not even a little. The Real Vision founder and former Goldman… Read the original on Raoul Pal Says Bitcoin’s 318% Surge Since FTX Crash Beats Nasdaq Cold. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitmine Launches $300M Preferred Stock Offering with 9.5% Yield
Binance News - BitMine Immersion Technologies, led by Fundstrat co-founder Tom Lee, is launching a $300 million preferred stock offering, according to a filing with the U.S. Securities and Exchange Commission. The company is offering 3 million shares of Series A Perpetual Preferred Stock at $100 per share, with a 9.5% annual dividend rate. The shares will be listed on the NYSE under the ticker BMNP, subject to approval. This move follows the strategy of bitcoin-centric firms like Michael Saylor's Strategy to secure new funding sources amid crypto market pressures, according to CoinDesk.
Senator Lummis Expects CLARITY Act Passage by August Recess
Binance News - Senator Cynthia Lummis has indicated that the CLARITY Act might pass the full Senate by the July 4 recess, though she considers the August 10 recess a more realistic timeline. According to NS3.AI, Lummis emphasized that the bill needs to be combined with committee legislation and amendments from the GENIUS Act.
U.S.-Iran Talks Face Economic Compensation Hurdle, Official Says
Binance News - According to CNN, a U.S. official familiar with the negotiations stated that a major sticking point in the U.S.-Iran talks is the issue of economic compensation. According to Odaily, U.S. President Donald Trump is eager to secure a deal perceived as superior to the one reached during the Obama administration. The official noted that Iran has communicated to mediators its desire for immediate economic compensation once a preliminary memorandum of understanding is agreed upon, rather than delaying it to a future date. However, officials in the Trump administration are concerned that releasing funds too early could reduce the economic pressure on Iran, which serves as a ...
CLARITY Act Stalls in Congress, Leaving 50 Million Crypto Users Without Rules
TheCurrencyAnalytics - The CLARITY Act is going nowhere fast. Stuck in congressional gridlock, the bill that was supposed to bring clear federal… Read the original on CLARITY Act Stalls in Congress, Leaving 50 Million Crypto Users Without Rules. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Large Whale Bet on Polymarket's Knicks vs. Spurs Event
Binance News - Significant financial activity has been detected on the prediction market Polymarket, according to ChainCatcher. A large investor has placed a single bet of $55,197.46 on the 'Knicks vs. Spurs' event, specifically targeting the 'Spread -4.5' option. Based on the current transaction price, the latest implied probability for this outcome stands at 48%.
Israel's Crypto Tax Disclosure Falls Short of Expectations
Binance News - The Israel Tax Authority has reportedly received just 58 voluntary crypto tax disclosure attempts under a procedure designed to offer criminal-charge immunity to eligible filers. According to NS3.AI, authorities had anticipated up to $1 billion in taxes from these disclosures. However, as reported by Globes, the actual combined crypto capital reports amounted to only $50 million.
Israel’s tax authority ‘disappointed’ in voluntary crypto disclosures: Report
CoinTelegraph - After expecting billions of dollars worth of crypto holdings to be reported during a voluntary disclosure period, the country's tax office said only 58 filers took advantage of the procedure.
SpaceX Plans $75 Billion IPO Amid $1.29 Billion Bitcoin Holding
Binance News - According to CoinDesk, SpaceX has filed to launch a record $75 billion initial public offering at $135 per share, valuing Elon Musk's aerospace company at $1.75 trillion. The company plans to sell 555.6 million shares in what would rank among the largest public listings in history. As of March 31, SpaceX held 18,712 bitcoin with a fair value of $1.29 billion, making it one of the largest known corporate BTC holders alongside Tesla's 11,500 BTC. The IPO arrives amid a crowded capital markets window, with combined fundraising from SpaceX, OpenAI, and Anthropic estimated to draw over $240 billion by year-end, potentially pulling liquidity away from digital assets as investors reallocate risk capital.
Jamie Dimon Praises Revolut's Speed, Opposes Crypto-Friendly CLARITY Act
Binance News - JPMorgan Chase CEO Jamie Dimon expressed admiration for Revolut's rapid growth, highlighting the neobank's swift execution, according to BeInCrypto. Dimon noted his envy of Revolut's momentum, as the firm reported a 46% revenue increase to $6 billion and a 57% rise in pretax profit to $2.3 billion in 2025. Despite this, Dimon pledged to oppose the crypto-friendly CLARITY Act, arguing that stablecoin issuers should not offer deposit-like interest without adhering to bank regulations. This opposition has stalled the bill, with banking lobbies seeking tighter yield language before a Senate vote.
Wyoming Establishes Framework for Data Centers and Advanced Computing Facilities
Binance News - Wyoming Governor Mark Gordon has signed Executive Order 2026-03, which aims to create a structured framework for the development of data centers and advanced computing facilities in the state. According to NS3.AI, this order mandates executive branch agencies to engage in the permitting, review, regulation, support, or facilitation of large-scale data center projects. This initiative aligns with Wyoming's growing involvement in Bitcoin mining, highlighted by CleanSpark's expansion in the state with a facility linked to a 75-megawatt power capacity in 2024.
CME FedWatch Tool Indicates High Probability of Rate Hold in June
Binance News - The CME FedWatch Tool suggests a 98.4% probability that the Federal Reserve will maintain interest rates unchanged by June. According to Jin10, there is a 1.6% chance of a cumulative 25 basis point rate cut. By July, the probability of rates remaining unchanged is 90.2%, with an 8.4% chance of a cumulative 25 basis point rate hike and a 1.4% chance of a cumulative 25 basis point rate cut.
Wyoming executive order to guide AI data center development
CoinTelegraph - Wyoming Governor Mark Gordon signed an executive order supporting AI data center development as the state seeks to attract advanced computing and technology investment.
The Best AI Models Still Encourage 'Harmful Intimacy' With Chatbots, Study Funds
Decrypt - A new study finds that leading AI models often encourage emotional attachment, portray themselves as human, and fail to maintain clear boundaries.
US Treasury secretary signals progress on Bitcoin reserve, CLARITY Act
CoinTelegraph - Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on President Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.
Deel Launches DLUSD for 1.5 Million Workers with Stripe's Crypto Infrastructure
Binance News - Deel has introduced DLUSD, a new product developed using Stripe's crypto-infrastructure stack, aimed at serving its 1.5 million workers. According to NS3.AI, the product was launched in Argentina on June 3, with plans to expand to other Latin American markets in the coming weeks. Subsequent rollouts are expected in Asia-Pacific, the Middle East and North Africa, and Africa. Details regarding per-transaction fees, jurisdiction-specific issuance frameworks, and the precise timeline for expansion beyond Latin America have not been disclosed.
AI TRENDS | Broadcom CEO Announces Agreement to Supply Anthropic with 5GW of Next-Gen TPU Power from 2027
Binance News - Broadcom's CEO has announced a new agreement to supply Anthropic with an additional 5 gigawatts of next-generation TPU-based computing power starting in 2027. According to Jin10, the company has also received its first order from Meta Platforms, amounting to 1 gigawatt. This order includes XPU and Broadcom's network solutions, with deliveries scheduled to begin in the second half of 2027.
Polymarket Sees Significant Shift in Berrettini's Odds
Binance News - The prediction market Polymarket has observed a significant change in the odds for the "Berrettini Handicap +/-2.5" option in the "Roland Garros ATP: Berrettini vs. Arnaldi" event. According to ChainCatcher, the probability for Berrettini has surged from 16.5% to 49.8% within the past hour, marking a fluctuation of 33.3%. This shift highlights the impact of recent developments on the market.
U.S. President Trump Signs Executive Order to Enhance Customs Enforcement
Binance News - U.S. President Donald Trump has signed an executive order aimed at strengthening customs enforcement. Bloomberg posted on X, highlighting this as part of his ongoing efforts to bolster protectionist trade policies. The executive order seeks to enhance the scrutiny of imports and ensure compliance with trade regulations, reflecting the administration's focus on safeguarding domestic industries. This move aligns with Trump's broader agenda to prioritize American economic interests and address trade imbalances.
U.S. Dollar Index Rises 0.31% Against Major Currencies
Binance News - The U.S. Dollar Index, which measures the dollar against six major currencies, increased by 0.31% on June 4, closing at 99.529. According to ChainCatcher, the exchange rate for 1 euro fell to 1.1598 dollars from the previous day's 1.1628 dollars. The British pound also saw a decline, with 1 pound exchanging for 1.3416 dollars, down from 1.3469 dollars. Meanwhile, the dollar strengthened against the Japanese yen, with 1 dollar exchanging for 160.03 yen, up from 159.91 yen. The Swiss franc saw a similar trend, with 1 dollar exchanging for 0.7924 francs, compared to 0.7873 francs previously. The Canadian dollar and Swedish krona also weakened against the U.S. dollar, with 1 dollar exchanging for 1.3895 Canadian dollars and 9.4065 Swedish krona, respectively, up from ...
AI Lawyers Are Already Better Than Law Professors at Reasoning—Say Law Professors
Decrypt - Researchers found professors preferred AI-generated answers over those written by their peers, raising questions about the role of AI in professional education.
Polymarket and Kalshi set new daily crypto volume records on the same day
Cryptopolitan - Polymarket and Kalshi recorded $176 million and $108 million, respectively, in daily crypto-category volume on June 2, according to data shared by analytics firm Artemis. Both figures are all-time highs for the respective prediction market platforms, and they come on the same day crypto markets saw their heaviest liquidation event since February. Did the crypto...
Elon Musk to Retain Majority Voting Rights Post-SpaceX IPO
Binance News - Elon Musk is set to maintain approximately 82.4% of the voting rights following the initial public offering (IPO) of SpaceX. According to Jin10, this development ensures that Musk will continue to have significant control over the company's strategic decisions even after it goes public.
Launch of Hermes Desktop by Nous Research
Binance News - Nous Research introduced Hermes Desktop on June 2, making it available as a native public preview application for macOS, Windows, and Linux. According to NS3.AI, the app is released as version v0.15.2 and is distributed under the MIT license.
Trump-Promoted Stocks: Palantir, Intel, Dell in Focus
Binance News - Palantir Technologies, Intel Corporation, and Dell Technologies are among the most discussed Trump-promoted stocks on Wall Street this year. Palantir (NASDAQ: PLTR) trades near $142, down 6.5% recently, but has rebounded 33% since Trump praised its war-fighting tech on Truth Social in April. Intel (NASDAQ: INTC) is near $108, with a Trump administration stake up nearly 250% following a 15% surge post-Q1 earnings. Dell (NYSE: DELL) trades near $435, down 6.58% after a Trump endorsement in May, but supported by AI server demand and a Pentagon contract, according to BeInCrypto.
Quantum Computers Unlikely to Target Bitcoin, Taurus Report Finds
Binance News - A report from Swiss custody firm Taurus suggests that a quantum computer capable of breaking Bitcoin's cryptography would not be used to steal it, as the price would collapse before any theft could settle on-chain. According to BeInCrypto, the report challenges the typical quantum doomsday narrative, indicating that the real threat lies elsewhere. While a quantum computer running Shor’s algorithm could theoretically recover private keys, the market reaction would deter such attacks. The report emphasizes the importance of crypto-agility and highlights the need for action rather than panic.
Someone Just Redeemed a 15-Year-Old Physical Bitcoin, Scoring $1.78 Million in BTC
Decrypt - Physical Casascius coins were minted 15 years ago in the early days of Bitcoin—and the BTC held within is worth a whole lot more today.
Fed's Logan Says Current Monetary Policy Not Restrictive on Economy
Binance News - Federal Reserve official Lorie K. Logan stated that the current monetary policy is not having a restrictive effect on the economy. According to ChainCatcher, Logan's remarks suggest that the existing policy framework is not hindering economic growth.
Fed's Logan Notes Stable Labor Market Amid Loose Financial Conditions
Binance News - Federal Reserve official Lorie K. Logan has indicated that the current financial environment remains loose, while the labor market continues to be stable. According to ChainCatcher, Logan's comments highlight the ongoing economic conditions as the Federal Reserve monitors various indicators to guide its policy decisions.
Iran Claims Strike on U.S. Navy Vessel in Gulf of Oman
Binance News - Iran's military announced it had targeted a U.S. Navy vessel in the Gulf of Oman on June 3. According to NS3.AI, the Tasnim News Agency reported this claim, citing military officials. The officials described the action as a retaliation for an alleged act of aggression against an Iranian merchant ship that occurred hours earlier.
Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan
CryptoPotato - Crypto winter looks different this cycle as capital rotates toward smaller assets with credible fundamentals instead.
STOCKS | Broadcom Stock Rises Ahead of Earnings Report
Binance News - Broadcom's stock experienced an increase on Wednesday as anticipation builds for its upcoming earnings report. According to NS3.AI, Wall Street analysts are forecasting adjusted earnings of $2.39 per share, with projected revenue reaching $22.13 billion.
Kalshi launches first regulated Bitcoin perpetual contracts for trading in the U.S.
Cryptopolitan - Popular prediction market platform Kalshi has officially begun offering Bitcoin perpetual futures for the U.S. public on June 3, making it the very first platform to list a CFTC-approved perpetual contract for American traders. This is a move that has been in the making for months, with expected competition to come up in the coming...
'Embarrassing': Canadian Billionaire Slams Cathie Wood's Bitcoin Price Predictions
U.Today - Canadian mining mogul and billionaire Frank Giustra has fiercely criticized Ark Invest CEO Cathie Wood over her remarkably high price targets for Bitcoin. Canadian mining mogul and billionaire Frank Giustra has fiercely criticized Ark Invest CEO Cathie Wood over her remarkably high price targets for Bitcoin.