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Janus Henderson Investors, managing assets of $480 billion, announced a multi-faceted collaboration with the synthetic dollar protocol Ethena.Integrating its AAA-rated collateralized loan obligation (CLO) product JAAA strategy into the USDe reserve portfolio, introducing institutional-grade credit exposure.Making a strategic investment in Ethena's governance token ENA through its blockchain investment division ANTIK, with the amount undisclosed.Committing to incorporate the staked version of sUSDe into the company's financial cash management to earn native protocol yields.Both parties will jointly develop regulated investment tools for USDe and ENA (including ETFs and ETPs), aiming for a launch in the second half of 2026.According to DefiLlama data, the Ethena protocol's TVL is approximately $4.95 billion. Following the announcement, the market reaction was muted, with ENA dropping about 7% to around $0.082, giving it a market capitalization of approximately $760 million. This collaboration makes Janus Henderson the traditional asset management company with the deepest integration with Ethena to date.

The Bitcoin Layer2 network Botanix announced that it will gradually shut down, and users need to withdraw Bitcoin and other assets before July 9. The team summarized several lessons: the current market demand for Bitcoin programmability is not yet mature; token issuance strategies generally perform poorly; most DeFi users prefer the WBTC solution on Ethereum; on-chain economics is concentrating towards centralized platforms like Hyperliquid and Robinhood; users mainly use Bitcoin for value storage rather than high-frequency trading, making it difficult for network fee revenue to cover infrastructure costs.Botanix stated that rather than continuing to invest without generating new insights, it is better to stop while there are still resources. After July 9, the remaining Bitcoin will be uniformly reclaimed by the validators of the Botanix network's Federation, and other assets will be unrecoverable.

The State Duma of Russia has passed a cryptocurrency tax reform bill submitted by the government in the first reading, aiming to further clarify the tax rules related to digital assets. According to the draft, the taxable base for cryptocurrency transactions will be calculated based on the positive difference between income and costs, allowing investors to offset gains and losses from digital currencies and foreign digital rights assets within the same tax period.The bill also requires brokers and trust management institutions to fulfill the obligation of withholding and paying personal income tax in cryptocurrency and foreign digital rights transactions, and to retain relevant transaction vouchers for at least five years. At the corporate level, except for cryptocurrency mining, income and expenditure related to foreign trade involving digital assets will be included in the corporate income tax base, and foreign digital rights assets will also be treated as cryptocurrency for tax purposes.In addition, the Budget and Tax Committee of the State Duma of Russia has suggested further amendments to the bill in the second reading, requiring licensed cryptocurrency exchange platforms to assume tax agency functions, directly withholding personal income tax when users buy and sell cryptocurrencies. If the final legislation is passed, Russia's regulatory system for digital asset taxation will be further improved.

According to The Block, Starknet has launched the zero-knowledge privacy framework STRK20, which provides balance shielding and private transfer capabilities for any ERC20 asset on the network, and has first been implemented on strkBTC.This framework allows developers to introduce privacy features for scenarios such as transfers, exchanges, lending, staking, payments, and donations without the need to build a separate privacy system.STRK20 embeds a "shielding" mode in the asset path, rather than using a traditional mixer structure, while introducing a viewing key mechanism that selectively discloses specific wallet information only upon receiving legally valid requests, balancing privacy protection and compliance requirements.StarkWare CEO Eli Ben-Sasson believes that such ZK privacy solutions are expected to make regulatory investigations more precise and reduce the collateral impact on a large number of wallets.

Former U.S. President Trump and his family have collectively profited approximately $2.3 billion through four cryptocurrency ventures: World Liberty Financial, TRUMP Meme Coin, American Bitcoin, and ALT5 Sigma (now AI Financial), while related investors have also faced a total unrealized loss of about $2.3 billion.Reports indicate that around 75% of the token sale revenue from World Liberty Financial has flowed to the Trump family. Meanwhile, the price of TRUMP Meme Coin has retraced about 97% from its historical peak, and the stock prices of ALT5 Sigma and American Bitcoin have also seen significant declines.The report cites some investors' views that they overlooked risk management due to the "presidential endorsement." Some investors are currently considering legal action.

According to data from BitcoinTreasuries.NET, the trading volume of the Bitcoin treasury company Strategy (stock ticker MSTR) has surpassed that of investment banking giant Goldman Sachs, becoming the 27th largest stock by trading volume in the United States.

Nado announced the launch of the industry's first tokenized unified margin system for U.S. stocks, with SPYx (S&P 500) and QQQx (Nasdaq 100) now supported as margin for perpetual contracts. Users can use tokenized U.S. stocks as collateral in a single Nado account to trade cryptocurrencies, foreign exchange, commodities, and stock perpetual contracts, and settle portfolios through a unified risk control system. This is the first time in the derivatives market that a margin system has been established connecting U.S. stock assets with multi-asset perpetual contracts. Nado thus becomes the first trading platform to support U.S. stocks as cross-asset unified margin, bringing traditional prime broker-level capital efficiency to the on-chain trading market.

According to on-chain analyst Yu Jin's monitoring, 7 wallets sold 249 million H on-chain in the past 7 hours, cashing out 31.3 million USD (including 17,800 ETH and 2,715 BNB). The tokens sold in this batch mainly came from unlocking. H's price dropped by 83% in the past 7 hours due to large-scale selling.

According to on-chain analyst Specter, wallets associated with or interacting with Humanity Protocol are being hacked. Currently, more than 17 wallets holding H tokens have been stolen, with total losses exceeding $19 million.The reason for the theft is still unclear, but the attack pattern suggests that the affected wallets may share a common risk exposure related to Humanity Protocol.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, Bitget had the largest increase among the top 10 exchanges, reaching 9.86%; Gemini had the largest decrease, at 4.42%.In terms of exchange asset transparency proof, in the past 7 days, the top three net inflows were Binance (+1.599 billion USD), OKX (+420 million USD), and Bitfinex (+342 million USD); in terms of net outflows, Gate had the largest outflow, reaching 110 million USD, followed by KuCoin (-35.9329 million USD) and Bybit (-21.1079 million USD).

The AI aggregation platform B.AI announced that its platform user count has surpassed 1.9 million, reaching 1,900,086 users.The official statement indicated that, in addition to providing mainstream model aggregation services, B.AI is currently focused on developing underlying financial and identity infrastructure for AI agents. This foundation aims to grant agents independent economic sovereignty, primarily to address the needs of autonomous payments, asset management, and on-chain credit verification for agents.

According to BBX data, last week the expansion of institutional crypto infrastructure and the differentiation of cash flow management models for mining companies were implemented simultaneously. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) Wealth Management Department and Galaxy Digital Inc. (NASDAQ: $GLXY) officially announced a recommended cooperation agreement on June 5: allowing Morgan Stanley's qualified high-net-worth clients to lend directly held BTC, ETH, or SOL to Galaxy Digital. After Galaxy, as an Authorized Participant (AP), completes the creation of physical shares, the corresponding spot crypto ETP shares (including Morgan Stanley Bitcoin Trust, NYSE Arca: $MSBT) will be directly transferred to the client's brokerage account; the converted ETP shares can be used as collateral for account financing. Key parameters: Galaxy Digital has reduced the minimum trading threshold for Morgan Stanley's recommended clients from $25 million to $5 million, significantly expanding the coverage of qualified high-net-worth clients; traditional similar institutional trades usually take more than four weeks to complete, while the new mechanism can shorten the entire process by up to 75%. The legal basis for this cooperation is the SEC's approval of the physical conversion ETF mechanism for crypto assets in July 2025, allowing direct physical conversion between directly held crypto assets and spot crypto ETFs, with Morgan Stanley's $MSBT being one of the first beneficiary products.Bitdeer Group, Inc. (NASDAQ: $BTDR) reported that as of the week of June 5, 2026, Bitcoin mining output was 205.3 BTC, with the same amount sold, resulting in a net holding of 0 BTC, maintaining a current BTC position of zero, continuing the "output equals sale" cash flow management strategy; the proceeds from sales are used to support the R&D of its SEALMINER mining hardware product line and the expansion of hash power hosting services. Bitdeer's zero holding model sharply contrasts with mining companies like CleanSpark, Inc. (NASDAQ: $CLSK) (holding approximately 13,561 BTC) and MARA Holdings, Inc. (NASDAQ: $MARA) (holding approximately 35,303 BTC), which continue to accumulate Bitcoin, representing another financially rational path for mining companies during the BTC price downturn cycle—exchanging immediate liquidity for stable operational cash flow, avoiding the impact of single asset price fluctuations on the balance sheet.

Deep Tide TechFlow published an in-depth article titled "From 'Fragmented Entry' to 'One Account': Gate TradFi Makes Global Asset Allocation Within Reach." The article points out that as traditional financial assets and the crypto market accelerate their integration, traders' demand for unified, multi-asset trading platforms is increasing, and TradFi has become an important strategic direction for leading crypto trading platforms.The article emphasizes Gate TradFi's product layout and development, including support for users to trade over 10,000 real stocks and ETFs, covering more than 440 CFD products such as foreign exchange, metals, indices, and commodities, as well as diversified asset categories like Pre-IPO, tokenized stocks, and ETFs. Data shows that Gate TradFi's CFD business has reached a daily trading volume of over $30 billion, demonstrating the platform's activity and market demand in the global traditional financial asset trading field. The article believes that Gate is bridging crypto assets and traditional financial markets through a unified account system, providing users with a one-stop global asset allocation experience.In addition, the article also points out that against the backdrop of most trading platforms laying out TradFi business, Gate is forming a differentiated competitive advantage through asset coverage speed, product innovation capabilities, and the construction of a multi-asset trading ecosystem, continuously lowering the threshold for global asset allocation and gradually promoting the concept of "one account trading global assets."

The World Cup will kick off on June 11, and the Hong Kong police have launched operations "Gobi" and "Wind Shield" to combat illegal betting on sports through publicity, education, intelligence, and law enforcement. The police pointed out that in recent years, illegal gambling has shown a trend of digitalization, including online betting, social media attracting gamblers, and using virtual currency for bets. The police stated that they still have the capability to trace participants.According to the law, betting with illegal bookmakers can result in a maximum sentence of 9 months and a fine of 50,000 HKD, accepting bets can lead to a maximum sentence of 7 years and a fine of 5 million HKD, and money laundering can result in a maximum sentence of 14 years and a fine of 5 million HKD. The police also shared a case of a young person who was once addicted to illegal gambling, who owed a maximum of 160,000 HKD at his peak. A police clinical psychologist warned that those who start gambling before the age of 18 have a risk of developing gambling disorders of over 80%.

On June 5, local time, the High Court of England held a procedural hearing regarding the asset disposal related to the Qian Zhiming case. Regarding approximately 60,000 bitcoins and other assets involved in the case, about 16,000 Chinese victims have registered through multiple UK law firms to participate in the civil recovery process under the UK Proceeds of Crime Act. The registration window closed on May 22.An important topic of this hearing was how multiple law firms would share the common litigation costs. The judge ultimately decided that each law firm would pay their corresponding share of £190,000 into the court account based on the number of victims they represent, with a deadline of June 26 at 4 PM. A special hearing to determine the "legal applicability issue" of whether Chinese victims can claim ownership of the assets involved will be held in July.

According to GMGN data, Binance Life's market capitalization has exceeded 860 million USD, currently reported at 860 million USD, with a daily increase of over 26%, continuing to set a new historical high.

According to monitoring by Catcher Predict, in the predicted market event "Spurs vs. Knicks" on Polymarket, the "Yes" option for the sub-market "Devin Vassell: Points O/U 2.5" has experienced a sharp fluctuation in winning probability, dropping from 93.5% an hour ago to the current 76.5% (a fluctuation of 17%). Please note the impact of related breaking news.

According to the Korea Herald, the five major virtual asset trading platforms in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) have experienced a total of 57 hacking and system failure incidents over the past six years (from 2020 to April 2026), with a total compensation amount of approximately 7 billion Korean won (about 5.1 million USD). By exchange, the number of incidents is as follows: Upbit 26 incidents, Bithumb 14 incidents, Gopax 8 incidents, Coinone 6 incidents, Korbit 3 incidents.Among them, Bithumb compensated approximately 2.5 billion Korean won (about 1.8 million USD) for the BTC misissue incident in February this year, Upbit compensated approximately 790 million Korean won (about 570,000 USD) for a hacking incident in November 2025, and compensated approximately 3.2 billion Korean won (about 2.3 million USD) for a system incident on December 3, 2024. It is worth noting that the standards for compiling incident reports by exchanges and the scale and form of compensation vary. For example, Gopax counts errors that occur when viewing the asset list as system failures, while Bithumb only counts situations where all customers encounter difficulties using core services for more than 10 minutes as system failures.In addition, Bithumb also provided some applicants who suffered losses due to system failures with free fee vouchers instead of cash compensation. The compensation amounts for system failures are as follows: Upbit approximately 3.21 billion Korean won, Bithumb approximately 3.2 billion Korean won, Coinone approximately 49 million Korean won. Korbit and Gopax did not provide any compensation.