no

Gold supporter and long-time Bitcoin critic Peter Schiff recently stated that he believes there is excessive optimism in the current Bitcoin market, and that it is still a long way from truly bottoming out. Schiff predicts that if Bitcoin falls below the $50,000 mark, the price could quickly drop further to below $20,000, shaking the confidence of long-term holders (HODLers) and triggering a larger-scale sell-off.Schiff also mentioned that the market needs to pay attention to whether a decline in Bitcoin will become a precursor to a broader adjustment in risk assets. If a Bitcoin crash is limited to the crypto market, it may be due to factors within the industry itself; however, if it simultaneously affects stocks and other risk assets, it could indicate that deeper macro risks are accumulating.He further pointed out that in such a scenario, investors may turn back to gold, cash, and other traditional safe-haven assets, seeking higher security and certainty.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.5%, the S&P 500 index fell by 0.1%, and the Nasdaq Composite Index slightly decreased by 0.05%. Marvell Technology (MRVL.O) rose by 9.3%, having increased by over 30% in the previous trading day. Intel (INTC.O) rose by 8.9%, after having fallen for five consecutive trading days. Broadcom (AVGO.O) rose by 1.2%, and will announce its second-quarter financial report after hours.

According to Fortune, the crypto-focused venture capital firm Variant has completed the fundraising of its new fund, Variant 4, totaling $222 million. The fund will invest in projects at their earliest stages, focusing on the theme of "autonomy" to integrate AI and crypto applications.Partner Jesse Walden stated that in the future, the label "crypto investor" will disappear, and crypto will become a universal "underlying pipeline" like internet infrastructure. The core is to provide users and businesses with greater autonomy and security through decentralized and contract security architecture, supporting the development of applications including DeFi platforms Uniswap and Morpho.

According to official disclosures from Binance, Alpaca is not only the clearing broker for its U.S. stock business, but Binance also holds a minority stake in Alpaca. According to the agreement, Binance will receive 50% of Alpaca's payment for order flow (PFOF) and 65% of the remaining profits from user stock lending, after deducting user interest.Binance's recently launched U.S. stock business adopts a "introducing broker + clearing broker" model, with Nest Trading responsible for order referrals and Alpaca responsible for trade execution, clearing, settlement, and asset custody. Alpaca Securities LLC is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and is also a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), holding approximately 94% of the tokenized U.S. stocks and ETFs market share.

Helius CEO mert tweeted that the news regarding the Zcash network outage is inaccurate, and the network is not down. Some browser applications connected to faulty nodes, which caused the browsers to display errors, but the network is functioning perfectly fine.Previously, it was reported that the Zcash network is currently in a stalled state, with no blocks produced in the past 4 hours.

According to The Block, regarding the gradual shutdown of the Cardano ecosystem data analysis and infrastructure platform TapTools, Cardano founder Charles Hoskinson responded that TapTools is another loss in the ecosystem following JPG Store, and warned of a potential "wave of failures," expecting more projects to shut down, DeFi operations to cease, and industry consolidation in the second half of the year.He stated that some older projects no longer have investment value, resources to support struggling projects are limited, and he lacks direct control over ecosystem funding decisions and treasury allocation.

Since this week, Bitcoin has experienced a wave of panic selling under the shadow of Strategy's coin selling and the diversion of AI funds, dropping over 10% from a peak of $74,000, and has now fallen back to the low range for this year.It is worth noting that during this period, the open interest in Bitcoin's coin-denominated contracts has risen against the trend, currently reported at 784,400 coins, close to a historical high. In response to this phenomenon, the well-known trader Killa, who predicted the peak of this bull market in May 2025, stated that this often indicates a key top or bottom, warranting high attention.

Recently, the technology sector of the US stock market has been active, with stocks related to storage chips and data center infrastructure continuously attracting capital attention. According to Gate market data, Micron Technology (MUUSDT) reached a high of $1077.17 in 24 hours, currently reported at $1059.81, with a 24-hour increase of 3.76%; Marvell Technology (MRVLUSDT) reached a high of $330.72 in 24 hours, currently reported at $322.68, with a 24-hour increase of 47.06%. According to CoinGlass data, Gate MU (Micron Technology) had a 24-hour trading volume of $13.1083 million; Gate MRVL (Marvell Technology) had a 24-hour trading volume of $10.4389 million, with MRVL (Marvell Technology) trading volume increasing by 1255.60%, both ranking among the industry leaders.Gate stocks support users to trade over 10,000 mainstream US market stocks and ETFs using USDT, covering major US securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, and supports fractional trading starting from a minimum of 0.01 shares, providing users with a more comprehensive global securities asset allocation choice. With the official launch of stock trading services, Gate further connects digital assets with traditional financial markets to a unified trading platform.

Unitas Labs announced that its yield-generating gold asset XGLD officially launched today. It is reported that this asset is backed 1:1 by Tether Gold (XAUt).The official statement indicates that XGLD aims to break the limitations of traditional gold with zero yield. Users can gain exposure to gold prices while continuously earning passive income through Unitas strategies, thereby further integrating gold assets into the DeFi ecosystem.

The Ethereum Layer 2 network Ink, incubated by Kraken, announced last night that the network is experiencing a full-chain outage, with current network availability being intermittent and services not yet stabilized.The official statement noted that before the chain returns to normal operation, user transactions and cross-chain bridging operations may experience instability. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and to advance network recovery efforts. As of the time of publication, Ink has not announced any further progress or recovery timeline.

European Central Bank Governing Council member Wunsch stated that a peace agreement between the U.S. and Iran reached before next week's European Central Bank meeting would not weaken the rationale for interest rate hikes. Wunsch said, "If a peace agreement is indeed reached on the eve of the meeting, it will become part of the discussion.But we cannot know if it is lasting or credible." He hinted at supporting a 25 basis point rate hike by the European Central Bank. He believes that if the conflict remains unresolved, discussions among policymakers before setting rates on June 11 "will be quite easy." If a peace agreement is reached between the U.S. and Iran, the discussions "may be slightly less easy. But the rationale for a rate hike may still exist, just not as strong." He stated, "At some point, we cannot let the market bear everything. We need to take a stand."

The cryptocurrency trading platform SuperEx announced that it will officially launch the SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT U-based perpetual contract trading pairs on June 3 at 11:00 Beijing time (03:00 UTC).It is reported that the newly launched contract trading pairs support full margin, cross margin, and split margin modes, and users can experience trading through SuperEx's web and app platforms.

According to Bitcoin News, a Bitcoin wallet that has remained silent since 2011 transferred 35.55 BTC (approximately $2.54 million) yesterday to prove it has not been abandoned.Previously, the wallet was listed as a defendant in a lawsuit in New York, which claimed that nearly 3.8 million dormant Bitcoins are legally considered abandoned property. Earlier reports indicated that an American man filed a lawsuit against two companies to claim ownership of over 39,000 dormant Bitcoin addresses.

The global stablecoin payment infrastructure platform WasabiCard today announced the completion of its Pre-A round of financing. Including previous funding, the total amount raised by the company has approached 10 million USD, with participation from four well-known institutions: Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC.This round of financing will be used to build and improve the global payment infrastructure, compliance system, and key market business layout, enhancing cross-border payment service capabilities and global operational capabilities, further promoting the company's construction of a compliant, efficient, next-generation financial infrastructure aimed at the internet era.As stablecoins gradually move from trading scenarios to real commercial applications, the demand from enterprises for global payment, global card issuance, fund management, and cross-border settlement infrastructure continues to grow. WasabiCard currently serves over 500 enterprise clients globally, with a cumulative card issuance exceeding 500,000 cards and a total transaction scale surpassing 1 billion USD.In the future, WasabiCard will continue to expand its global payment network and multi-chain payment ecosystem, promoting the further implementation of stablecoin payments in global commercial scenarios.

According to Gate market data, U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average initially rising by 0.45%, the S&P 500 index up by 0.1%, and the Nasdaq slightly up. Microsoft (MSFT.O) fell by 4%, Google (GOOG.O) dropped nearly 4%, and Marvell Technology (MRVL.O) surged by 32%. The Nasdaq Golden Dragon China Index closed up by 1.8%, with Alibaba (BABA.N) rising over 4%.

According to official news, online brokerage Robinhood announced that it will hold an online launch event at the Old Royal Naval College in London at 19:00 UK time on July 1, 2026 (2:00 AM Beijing time on July 2).Robinhood stated that this event will kick off the "Borderless Market Journey" and showcase its latest vision for the future of financial markets. At that time, Robinhood's Chairman and CEO Vlad Tenev will personally launch several new products.The company claims that these products are designed to promote further integration of crypto assets with traditional finance and reshape the global financial services landscape. Robinhood stated that the launch event will focus on the development direction of the new era in the crypto industry and new opportunities for cross-border connectivity in financial markets.

Vitalik Buterin once again proposed the concept of "synthetic stable assets," stating that the object of stability anchoring does not necessarily have to be the US dollar. He indicated that the core demand of users for stablecoins is price stability for future expenditures, but if the crypto ecosystem is built on US dollar-backed stablecoins, it is difficult to claim true decentralization.