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According to Onchain Lens monitoring, affected by the Orchard Pool vulnerability, ZEC has fallen below 400 dollars. The "1011 insider whale" Garrett Jin's 3x leveraged ZEC short position is currently up over 13.5 million dollars, while his 5x leveraged BTC long position is currently down over 17 million dollars.

According to BBX data, Bitcoin fell to a new low of $61,300 this year yesterday, putting pressure on the cryptocurrency sector. Key signals have emerged from institutions and the legislative level, with the core dynamics as follows:Michael Saylor, founder of Strategy, Inc. (NASDAQ: $MSTR), publicly stated on June 4 that the current decline in Bitcoin is not due to a deterioration in BTC fundamentals, but rather a "phase rotation" of capital from Bitcoin to AI stocks, SpaceX IPO, and other emerging assets—"Bitcoin is not broken; it’s just temporarily not the main character in the momentum trade." Saylor also reiterated his position of continued accumulation. Previously, Strategy spent approximately $2.01 billion (average price $80,985) to acquire 24,869 BTC in the week from May 11 to 17, bringing their total holdings to 843,738 BTC with a total cost of about $63.87 billion (average price $75,700); currently, BTC has fallen below the cost line of $12,300, and all of the company's holdings are in a state of unrealized loss, but management has not publicly indicated any intention to reduce their positions.JPMorgan Chase & Co. (NYSE: $JPM) reported by CoinDesk on June 4 warned in its latest research report that the legislative time window for the CLARITY Act to be voted on by the full Senate is "rapidly narrowing." The wording discrepancies in the stablecoin yield provisions have evolved into the most critical unresolved obstacle for the bill—banks insist on retaining restrictions on "passive income," while the cryptocurrency industry strives for "activity incentive space." If a compromise cannot be reached between the two parties within this month, the timeline for the Senate to complete a 60-vote approval before July 4 will be completely invalidated; the report also pointed out that the capital siphoning effect from the SpaceX IPO and AI stocks has further suppressed institutions' willingness to allocate to BTC in the short term.

Former co-founder of Multicoin Capital, Kyle Samani, posted on X revealing: "For those wondering what my next plan is, I am developing a consumer product."It is worth mentioning that Solana founder toly retweeted this post, which may imply that the product has some connection to Solana.

According to Jinshi, the CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 96.4%, and the probability of a cumulative rate cut of 25 basis points is 3.6%. By July, the probability of keeping interest rates unchanged is 88.5%, the probability of a cumulative rate increase of 25 basis points is 8.2%, and the probability of a cumulative rate cut of 25 basis points is 3.2%.

According to monitoring by Catcher Predict, in the predicted market event "Liquid vs Heroic" on Polymarket, the win rate of the "Over" option in the sub-market "Map 2 Total Rounds: Over/Under 22.5" has experienced a dramatic fluctuation, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to Jinshi reports, Federal Reserve's Schmid stated that inflation remains too high, and this has been a struggle lasting five years, with the Federal Reserve still working to find solutions.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "Roland Garros WTA: Diana Shnaider vs. Maja Chwalinska," the sub-market "Roland Garros WTA: Diana Shnaider vs. Maja Chwalinska First Set Winner" saw a dramatic fluctuation in the "Shnaider" option's winning probability, soaring from 57% an hour ago to the current 76.5% (a fluctuation of 19.5%). Please note the impact of relevant breaking news.

According to PR Newswire, institutional-grade digital asset data and software provider Lukka announced the acquisition of data provenance and compliance platform PEER DATA. Lukka primarily provides auditable digital asset pricing, classification, and market intelligence for funds, custodians, banks, and exchanges; PEER DATA achieves contract digitization, data usage measurement, and end-to-end traceability through its Data Book of Record (DBOR) platform and patented Daisy Chain technology.After the merger, both parties will provide financial institutions with a "control layer" covering digital assets and a broader range of data assets, uniformly supporting pricing, classification, proof of origin, licensing, and governance, while continuously expanding to scenarios such as on-chain assets and AI data consumption. The new company will continue to operate under the Lukka brand, headquartered in New York, with existing customer service unchanged.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: THUNDER dOWNUNDER vs FlyQuest (BO3) - IEM Cologne Major Stage 1," the "FlyQuest" option in the sub-market "Map Handicap: FLY (-1.5) vs THUNDER dOWNUNDER (+1.5)" experienced a dramatic fluctuation in win rate, soaring from 47.5% an hour ago to the current 67.5% (a fluctuation of 20%). Please note the impact of related breaking news.

The cryptocurrency market experienced a new round of selling and liquidation on Thursday, with Bitcoin briefly dropping to $61,300 before rebounding to $64,680, currently reporting around $62,500. Over the past two days, the total market leverage liquidation scale was about $3 billion. Data shows that in the past 24 hours, futures trading volume rose to $305 billion, but open interest fell by 8.5% to $111.4 billion, indicating that the market is primarily deleveraging rather than adding new positions.Bitcoin's open interest fell from yesterday's historical high of over 800,000 BTC to 766,000 BTC. Investors seem to be leaving the cryptocurrency market and turning towards AI narratives in traditional markets. The derivatives market has clearly shifted to a bearish stance. The skew of BTC and ETH put options has strengthened, showing that investors are willing to pay higher premiums for downside protection. The nominal open interest of BTC put options with a strike price of $60,000 on Deribit exceeds $1 billion, while the most actively traded options contracts in the past 24 hours were the $55,000 put options.Altcoins have seen deeper declines, with NEAR, ZEC, JUP, DASH, ENA, and FET all dropping over 10%, and HYPE falling 12% after reaching a new high this week. The subsequent performance of altcoins largely depends on whether Bitcoin can hold above $60,000; if it falls below this level, it may trigger more liquidations and put greater pressure on trading pairs with weaker liquidity.

According to a report by Barron's, on the eve of SpaceX's IPO, insiders at Rocket Lab concentrated on selling over 124,000 shares, cashing out more than $18.41 million in total. This includes the company's General Counsel Arjun Kampani, Vice President of Space Systems Brad Clevenger, COO Frank Klein, and Alex Slusky, head of the shell company behind the company's listing, Vector Capital.Previously, the company's stock price had surged significantly due to the optimistic sentiment in the industry brought about by the increase in SpaceX's valuation. This Monday, Rocket Lab (RKLB) saw its stock price drop by 15% to $122.39 at one point.

According to Beijing Business Today, the Monetary Authority of Macao announced that Macao has completed the system integration with the multilateral central bank digital currency bridge mBridge project, and officially launched local bank "on-bridge" transactions on June 2, to establish an efficient, secure, and low-cost cross-border payment settlement channel.

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.

Dr. Han, the founder of Gate, revealed in a post on platform X that Gate stocks will soon be available for pre-market and after-hours trading. It is reported that Gate stocks currently support intraday trading, and after the pre-market and after-hours features are launched, the trading hours will be extended to 16×5, further meeting investors' needs for multi-time zone trading.Gate stocks allow users to trade over 10,000 mainstream U.S. stocks and ETFs using USDT, covering major U.S. securities markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, and support fractional trading starting from a minimum of 0.01 shares. Gate stocks are now fully integrated into the VIP tier system, where users only need to hold $2,000 to easily upgrade to VIP status, enjoying an exclusive trading fee rate of as low as 0.023% and 1V1 customer manager service. Relying on Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

British teenager Alexander Browder stated that he has been placed on a sanctions list by the Russian Ministry of Foreign Affairs and banned from entering the country for writing a report exposing a cryptocurrency money laundering network supported by Russia.The report indicates that countries such as Russia, Iran, and North Korea launder approximately $350 billion, with a ruble stablecoin named A7A5 being one of the main issues facing Western anti-money laundering efforts. The UK Foreign Office stated that Russia uses tokens like A7A5 to evade Western sanctions and fund its military. The UK government imposed sanctions on individuals related to this network in May, which transferred over $90 billion last year. Alexander Browder expressed pride in being the first high school student globally to be sanctioned by an authoritarian regime for exposing corruption.

Cardano founder Charles Hoskinson stated that he will "take a break" after warning that the ecosystem will face "a wave of failures." As a result of his remarks, ADA fell below $0.20 for the first time in over five years, with a cumulative decline of nearly 70% over the past year, and further dropped about 10% after the news was announced.Hoskinson's comments come as the Cardano ecosystem faces a series of setbacks. The Cardano data analysis platform TapTools, which has been operating for four years, announced it would cease operations, while the community previously voted against using treasury funds to support ecosystem development, leading to the cancellation of the Cardano 2026 summit originally scheduled to be held in Singapore. Hoskinson stated that he had warned earlier this year that the prolonged sluggish market environment would lead to the collapse of some projects, resulting in "a large number of failures" in the Cardano ecosystem. He also expressed disappointment at the community's lack of willingness to use treasury funds to promote ecosystem development. On the X platform, Hoskinson briefly posted: "I'm taking a break. TTYL."

According to official news, the Gate stock derivatives section will be launched on June 4 at 14:00 (UTC+8) with the first offerings of NOW (Now), CRM (Salesforce), ONDS (Ondas), LUNR (Intuitive Machines), RDW (Redwire), URNM (Sprott Uranium Miners ETF), XLE (S&P Energy Sector ETF), and ADBE (Adobe) perpetual contract trading (settled in USDT), supporting 1-20 times leverage.

Ki Young Ju, the founder of CryptoQuant, posted on social media that the price of Bitcoin is the same now as it was two years ago, but one thing has changed. The "6 months to 2 years" holding group that entered during this cycle currently accounts for 53% of the realized market cap, while two years ago this proportion was only 15%. In the previous cycle, when this proportion reached 68%, Bitcoin bottomed out. Currently, short-term holders are gradually evolving into long-term holders.

According to CriptoNoticias, Spanish citizen David Merino was arrested in Dubai for allegedly leading the cryptocurrency Ponzi scheme FX Winning. This scheme is the largest cryptocurrency-related Ponzi scheme in the history of Spanish investigations, involving over 460 million euros and affecting approximately 15,000 investors. Merino operated the scheme from behind the scenes after officially leaving the company in 2021, attracting funds by promising high returns on forex and cryptocurrency investments. Its operating model involved using funds from new investors to pay early investors, and the scheme operated in about 30 countries.Spain typically has 15 to 40 days to submit extradition documents to the UAE. Additionally, FX Winning is also under investigation in the United States and Mexico, with the U.S. Drug Enforcement Administration believing the scheme involves 100 billion dollars. Merino released a video in March 2026 denying that he retained others' funds and placing the blame on other members of his team. The Spanish National Securities Market Commission has warned since 2021 that FX Winning is unauthorized to provide investment services.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 98.4%, and the probability of a cumulative rate cut of 25 basis points is 1.6%. By July, the probability of keeping interest rates unchanged is 90.2%, the probability of a cumulative rate increase of 25 basis points is 8.4%, and the probability of a cumulative rate cut of 25 basis points is 1.4%.