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Bitget's Greater China Regional Head, Xie Jiayin, shared key operational data for rToken on the X platform: In 6 weeks since launch, the cumulative trading volume has reached $2.17 billion, with an average daily trading volume of about $80 million in the last 7 days; the current user AUM is $103 million.Xie Jiayin emphasized that all data can be publicly queried through the Reality platform, and the relevant asset information is transparent and verifiable, with no black box. Currently, Bitget rToken's liquidity in US stocks ranks first in the world.

According to "AI Technology Review," China's leading large model company Zhipu has invested hundreds of millions of yuan to acquire the AI heterogeneous computing power software infrastructure company Zhongke Jiahe. This move aims to completely address Zhipu's shortcomings in underlying engineering and compiler capabilities for large models, in response to the structural shortage of computing power and high-concurrency inference challenges brought about by the explosive growth in user numbers.Zhongke Jiahe's technology originates from the Compiler Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences, founded by Dr. Cui Huimin. Its core team has been deeply involved in the development of compilers for several domestic chips, including Loongson, Sunway, Cambrian, and Huawei Ascend. Zhongke Jiahe's core advantage lies in its virtual instruction set technology, which can unify different brands and models of chip ecosystems through middleware software, assembling scattered domestic chips into a unified ultra-large-scale cluster, thereby significantly improving overall computing power utilization; its SigInfer inference engine is officially claimed to reduce large model inference latency by up to 74 times.Recently, Zhipu's Coding Agent business has experienced explosive growth. The newly released GLM-5.2 large model saw an average daily Token call volume surge 27 times in the first week of its launch on the aggregation platform, leading to the exposure of systemic engineering bottlenecks in its inference infrastructure under high concurrency and long context scenarios. After being placed on the U.S. Entity List, Zhipu has actively promoted domestic alternatives and has now completed inference adaptation for eight major domestic computing power platforms, including Huawei Ascend, PingTouGe, and Moore Threads. The acquisition of Zhongke Jiahe will not only directly improve Zhipu's unit Token inference cost and output quality but will also provide core underlying compiler technology support for its previously rumored self-developed custom AI inference chip plan.

The founder of the Liebit mining pool, Jiang Zhuoer, stated that he has sold the remaining 50% of his spot holdings when the ETH price was $1,931. Currently, the ETH spot position has been completely liquidated, with an overall selling average price of $1,834.5.Jiang Zhuoer mentioned that ETH has rebounded quickly and is approaching the starting point of the recent decline on June 2. There are many trapped positions above, and he expects the upper limit of this rebound to be around $2,000, which is why he chose to sell. He also reminded that this operation is only applicable to spot trading, as leveraged positions carry higher risks, and he does not recommend futures users to follow suit.

According to PR Newswire, Canaan Creative announced unaudited Bitcoin mining operation update data, producing 64 Bitcoins in June.After deducting operating costs and accounting for the Bitcoins received from the sale of mining machines in June, the cryptocurrency reserves increased by 49 Bitcoins, bringing the total cryptocurrency holdings to a record 1,915 Bitcoins and 3,952 Ethers.

Bitget's head of Greater China, Xie Jiayin, posted on the X platform stating that the AUM of rToken has reached 115 million USD in 5 weeks since its launch, and pointed out that "many teams overlook the core demands of Wall Street institutions when dealing with RWA: risk control convenience and capital utilization."Xie Jiayin emphasized that the biggest underlying driving force of rToken is the unified account mechanism, which truly realizes "simultaneous operation and unified risk control" of crypto assets and US stock assets. In extreme market conditions, users can use unrealized gains from US stocks to supplement their crypto positions, or use long-term holdings in the crypto space as leverage to unlock more trading opportunities, breaking the asset isolation between traditional crypto exchanges and US stock brokers.

During the mid-year report in 2026, Xie Jiayin, the head of Bitget Greater China, revealed that in the first half of this year, Bitget distributed over 33 million USD in welfare airdrops to users through Launchpool, PoolX, Candybomb, and SpaceX airdrops.On the product strategy level, Xie Jiayin reiterated the positioning of Bitget UEX and pointed out that cross-asset allocation has become a new trend in the industry, with the proportion of related users rising from less than 1% to over 10%. Currently, Bitget has fully constructed a core product matrix of multiple asset classes, including Crypto, CFD contracts, US stocks (rTOKEN solution, direct connection solution, US stock options, IPO Prime).

Jiang Zhuoer posted on platform X, stating that ETFs continue to show a selling state, and multiple institutional products are experiencing simultaneous reductions; the market price on Coinbase has shown a significant discount, with levels having fallen back to the range before the major adjustments at the end of January and the end of May; the funding rate remains positive, while contract positions are at a high level, indicating concentrated leveraged positions. Jiang Zhuoer added, "Everything points to: something big is coming."

Today, Bitget's head of Greater China, Xie Jiayin, stated during a live broadcast that the platform currently operates two sets of US stock 2.0 products simultaneously, addressing the needs of both cryptocurrency users and traditional brokerage clients. rToken US stock tokens are primarily aimed at crypto-native users, with dividends credited directly to accounts, providing direct access to the liquidity depth of NASDAQ and NYSE.Direct access to US stocks is achieved through deep cooperation with SEC-registered, FINRA and SIPC member Atomic Vaults, along with incentive measures such as transfer subsidies, further lowering the barriers for users to migrate across platforms and integrate assets.Xie Jiayin mentioned that the two paths cater to different user needs but ultimately point to the same goal: breaking down the barriers between traditional finance and digital assets, helping users establish a more efficient, transparent, and compliant multi-asset investment framework on a unified platform.

Jiang Zhuoer, the founder of the Liebit mining pool, stated that MicroStrategy's preferred stock STRC has significantly decoupled, dropping to a low of 73, reflecting the panic sentiment in the U.S. stock market towards Bitcoin.He pointed out that MSTR has raised funds through the issuance of common stock for three consecutive weeks, with half of the funds raised in the first two weeks used to purchase 1,500 BTC, while in the third week, the amount of shares sold doubled, but the amount of BTC purchased decreased to 520 BTC, and most of the funds were retained for paying STRC dividends. He believes this is a clear signal of the company's pessimistic attitude towards the subsequent market.Jiang Zhuoer indicated that the amount of BTC purchased by MSTR is expected to decline significantly in the coming months, and it may even stop purchasing BTC altogether, instead using the funds to pay STRC dividends. He also emphasized that STRC is a preferred stock rather than debt, meaning the company only needs to pay dividends without repaying the principal. Currently, MSTR's debt ratio is only about 10%, and unless the Bitcoin bear market lasts for ten years, there is no "explosion" risk for MSTR.

Jiang Zhuoer, the founder of the Liebit mining pool, stated that the current mNAV of Strategy has fallen to 0.72, close to the low of 0.7 set during the last bear market in May 2022. Based on recent market sentiment events such as the decoupling of STRC, it is judged that we are currently in the bottom area of the mNAV for this cycle. mNAV often leads BTC prices to bottom out by about 6 months, and based on the "four-year cycle" and the decreasing volatility model, this round of Bitcoin bear market may bottom out between October and December 2026, with a target price range of $42,000 to $44,000. Jiang Zhuoer indicated that his recent short-term strategy remains focused on selling spot and shorting, and will switch to buying spot and going long once the expected bottom arrives.

Jiang Zhuoer stated that MicroStrategy (MSTR) currently holds approximately $55 billion in Bitcoin assets, corresponding to an annual dividend expenditure of about $1.7 billion for its STRC preferred shares, which theoretically could cover about 32 years of dividend needs by selling BTC. STRC is a preferred stock rather than a debt instrument, so there is no traditional pressure for mandatory repayment. From a financial structure perspective, MSTR does not face "forced liquidation-style leverage risk" or short-term repayment crises.However, the related statements reflect that market concerns about its long-term cash flow and the volatility of crypto assets are rising. Currently, STRC has shown significant discount fluctuations, and its refinancing ability is limited. In addition, MSTR has recently relied more on methods such as issuing common stock to increase its BTC holdings (which may dilute the per-share Bitcoin amount when mNAV is below 1), and this strategy is difficult to sustain in the long term.Jiang Zhuoer indicated that even if the actual scale of MSTR selling BTC to pay dividends is relatively small compared to the entire market, its symbolic significance may be more important, potentially putting pressure on market confidence and causing investors to reassess the possibility of "long-term passive selling of coins." The market's understanding of this structure is not consistent, and this cognitive difference itself may become an important factor influencing expectations and sentiment.

According to PR Newswire, Canaan announced its Bitcoin mining and operational data for May 2026: the self-mined output for the month was 90 BTC, with an additional 24 BTC from customer payments, ending with approximately 1,867 BTC and 3,952 ETH on the balance sheet, setting a new historical high.The company's self-mined installed computing power at the end of the period was 10.05 EH/s, with operational computing power at 6.47 EH/s. The average energy efficiency of self-mined machines in North America improved to 17.9 J/TH, an optimization of about 11% year-on-year, while the global average energy efficiency was 23.7 J/TH, an increase of 13.5% year-on-year.Canaan also disclosed that its joint venture project with WindHQ in Texas was temporarily hindered by wildfires, with full recovery expected by mid-June, and it is expanding its "computing power heating" project in Northern Europe and collaborating with Tether on immersion cooling mining machines.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated in a post that he has sold 50% of his spot ETH at $1,629, citing that "Trump has no more options and will launch a new round of strikes on Iranian infrastructure." The conflict between the U.S. and Iran is expected to escalate further. Previously, it was reported that Jiang Zhuoer had bought back all his ETH positions at $1,645 during the market crash on June 5.

Bitget held a special AMA on US stock operations today. Xie Jiayin, the head of the Greater China region, responded to recent user concerns about the number of US stock tokens during the live broadcast.He stated that one of the most common suggestions the team received in the past week was to further enrich the number of tradable US stock tokens.Xie Jiayin announced during the live broadcast that Bitget will launch 500 popular US stock spot tokens within 7 days. He pointed out that this goal is not merely about pursuing quantity, but is based on the judgment of the platform's trading data. If the selection of targets is precise enough, 500 popular targets can cover about 98% of trading volume demand.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, expressed his views on Strategy's decision to sell Bitcoin. He believes that Strategy will not sell a large amount of coins, but will only sell a small amount to pay interest.Jiang Zhuoer thinks that Strategy is issuing new STRC to raise funds to buy more BTC, while selling a very small amount of early low-cost BTC to realize accounting gains for paying STRC interest. This is a manifestation of its "rolling strategy." However, not selling at all would make investors suspicious of "using new money to pay old interest." Selling a small amount can generate real profits, maintain the image of "never selling coins," and facilitate continued financing.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has not effectively broken below the strong support of $60,000. The price difference between Coinbase and Binance is narrowing, indicating that the selling volume from U.S. institutions like ETFs is decreasing, and the crypto market may see a rebound over the weekend.In yesterday's news, Jiang Zhuoer announced that he has "bottom-fished" and bought back all ETH positions at $1,645, expecting to start selling after a rebound in 1 to 3 days.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated that he has repurchased all previously sold Ethereum positions at an average price of $1,645, after clearing positions in the range of $2,200 to $2,400. Although the repurchase operation has been completed, he believes that the overall market is still in a downtrend, but Bitcoin has received support twice around $61,000 and has not effectively broken down, indicating a short-term technical rebound demand.Based on this judgment, Jiang Zhuoer expects Bitcoin to experience a rebound in the next 1 to 3 days and plans to sell the recently repurchased Ethereum positions again during the rebound process.

The Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai, where early Bitcoin miner and pyra.io CTO Tian Jia shared the development of quantum computing and the impact of AI on trading.He believes that the average time it takes to threaten "Bitcoin addresses with exposed public keys" is 7 to 8 years, with a range of 5 to 15 years. The required number of logical qubits is between 1200 and 2400, while the number of physical qubits is less than 500,000. Additionally, Bitcoin also has defensive measures; it can migrate to PQC, or post-quantum cryptography, although there are significant challenges, such as the locking issue of Satoshi's coin.

The Huobi HTX VIP private class "AI + Trading from Theory to Practice" was held in Shanghai, where early Bitcoin miner and pyra.io CTO Tian Jia shared the development of quantum computing and the impact of AI on trading.He believes that in the AI era, investors are more equitable in "gaining knowledge," such as establishing institutional-level trading frameworks. However, in "trading competition," it is less equitable, such as training institutional-level trading models. The real enhancement of fairness comes from AI lowering the cognitive threshold, while the true unfairness expands from the concentration of data, speed, capital, and platform manipulation capabilities.