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6/10
11:04
Svmuu reported that according to Lookonchain monitoring, US Bitcoin ETFs experienced a net outflow of 1,320 BTC today, with a 7-day net outflow of 15,849 BTC; Ethereum ETFs saw a net outflow of 2,370 ETH, with a 7-day net outflow of 13,416 ETH.
11:02
According to Arkham monitoring, over the past hour, Grayscale deposited a total of 19,548 ETH, worth approximately $32 million, into Coinbase Prime.
11:02
Svmuu reports that Lawrence Zlatkin, Vice President of Tax at Coinbase, has proposed to U.S. lawmakers the establishment of a de minimis capital gains tax exemption threshold for small daily Bitcoin transactions, stating that "Americans shouldn't need to hire an accountant just to buy a pair of jeans with BTC." (Bitcoin Magazine)
10:56
Svmuu News: Goldman Sachs analyst James Yaro released an analysis report on Robinhood (HOOD), maintaining a "buy" rating and raising the target price from $105 to $108.
10:52
Svmuu reported that U.S. stocks weakened on Wednesday as investors digested a sell-off in the chip sector, escalating geopolitical tensions, and higher-than-expected inflation data. The Dow Jones Industrial Average fell 374 points (0.7%), while the S&P 500 and the Nasdaq Composite each declined by 0.3%.
Market sentiment was notably impacted by geopolitical shocks. Trump stated that negotiations with Iran were "taking too long" and threatened further action. In response, oil prices rose, with WTI crude climbing over 1% to around $89 per barrel. Tensions in the Middle East also escalated again, following U.S. military strikes on Iranian targets in retaliation for the downing of a U.S. helicopter.
The chip sector continued its correction, with AMD and Broadcom declining for the fourth time in five consecutive trading sessions. This follows an ETF-level retreat of approximately 10% in the sector over the past weekend, which saw a brief rebound before coming under renewed pressure. Market analysts suggest that while some profit-taking is occurring, other investors may be adjusting their portfolios ahead of the upcoming **SpaceX IPO (next Friday)**. Nonetheless, the chip ETF has still risen over 87% year-to-date.
On the macro front, the U.S. core CPI for May rose 0.2% month-over-month, slightly below the expected 0.3%. Year-over-year, it stood at 2.9%, in line with expectations but still above the Federal Reserve's 2% target. The headline CPI rose above 4% year-over-year for the first time in three years. Markets recovered somewhat from their lows following the data release.
In the previous trading session, chip stocks dragged down the S&P 500 and the Nasdaq, while the Dow managed to close higher against the trend. Analysts noted that the recent surge in the semiconductor sector, fueled by the AI boom, has been overly rapid, stretching market sentiment significantly. The current pullback is viewed more as a technical correction rather than a deterioration of fundamentals. (CNBC)
10:42
Svmuu reports: According to market sources, S&P Dow Jones Indices believes SpaceX is eligible for fast-track inclusion in certain indices. (Jinshi)
10:41
Svmuu News: U.S. EIA Strategic Petroleum Reserve stocks for the week ending June 5 decreased by 7.927 million barrels, the lowest since the week ending August 18, 2023, compared to a previous decrease of 7.993 million barrels.
U.S. EIA crude oil inventories for the week ending June 5 decreased by 7.227 million barrels, compared to an expected decrease of 3.974 million barrels and a previous decrease of 7.974 million barrels. (Jin10)
10:33
According to Arkham monitoring, the address holding funds confiscated in the FTX / Alameda bankruptcy case transferred 98,589.87 LINK tokens to Coinbase Prime, valued at approximately $769,000.
10:31
Svmuu reported that Eric Balchunas, Senior ETF Analyst at Bloomberg, stated on platform X that LeverageShares will launch a 3x leveraged SpaceX ETF this Friday. The U.S. dollar share will trade under the ticker $ELON, and the sterling share under $MUSK. Additionally, the company will also simultaneously launch a 3x leveraged SK Hynix ETF and a 3x leveraged DRAM ETF, covering currently hot market targets. Analysis notes that these products are designed for investors with a higher risk appetite, offering opportunities for short-term amplified returns, but also accompanied by high volatility risk.
10:27
Svmuu reports that blockchain security analyst Specter posted on X platform, stating that an old liquidity pool of the Solana DeFi protocol Raydium is suspected of being attacked, with the attacker stealing approximately $1.34 million in assets, mainly including USDC, RAY, and wSOL. Currently, the hacker has transferred the stolen funds to Ethereum via a bridge and subsequently deposited them into Tornado Cash for mixing.
10:23
Svmuu, Futurum Equities Chief Market Strategist Shay Boloor posted on X that Robinhood (HOOD) has just disclosed an insider purchase of approximately $20 million. Director Meyer Malka purchased another 250,000 shares at around $81, bringing his total holdings to 8 million shares. Over the past week, Meyer has accumulated over $50 million worth of HOOD stock.
At the time of writing, HOOD is trading at $89.36, up 6.67% today.
10:10
Strategist: US Inflation Remains Elevated, but Cooling Core Data Gives Fed Room to Breathe
10:06
Svmuu Benchmark maintains a Buy rating for Securitize, a tokenized infrastructure company, with a price target of $16, based on the company's projected revenue of $178 million for 2027. The SEC has approved the registration statement for the merger of Securitize and Cantor Equity Partners II. Shareholders will vote on June 29. If the merger goes through smoothly, the combined entity will be listed on the New York Stock Exchange under the ticker SECZ.
The report states that Securitize has a differentiated advantage through its compliance license framework spanning the U.S. and Europe, including being registered in the U.S. as a broker-dealer, an alternative trading system, a transfer agent, and a fund service provider, while holding trading and settlement licenses under the EU's DLT Pilot Regime. Securitize currently manages approximately $3.4 billion in tokenized assets, and its specific market segment has already exceeded $30 billion. (The Block)
09:58
According to MSX.COM data, the US-listed crypto concept stocks surged at the market open, with Robinhood rallying over 9%, Circle gaining over 3%, and Strategy and Coinbase rising nearly 3%.
09:54
Svmuu reported that, according to on-chain analyst Ai Yi's monitoring, an address deposited 3 million USDC at 19:53 and then opened a 20x long position on 36,826 ETH, worth $61.13 million. The entry price was $1,620.6, and the current price is $1,658.8, resulting in a floating profit of $1.608 million.
09:54
According to Onchain Lens monitoring, James Wynn's 40x leveraged Bitcoin short position has been fully liquidated.
09:48
Svmuu reports that “White-Hair Stock God” Serenity posted on platform X, stating that the rebound in optical communication concept stocks such as LITE, AAOI, and SIVE is a “repair rally in line with expectations.” Serenity believes that the previous sell-off in these sectors was “purely an overreaction” and did not reflect changes in fundamentals. The current rebound is a normal recovery process as market sentiment returns to rationality.
09:42
Svmuu reported that Ripple has announced a new toolkit for developers to build "agentic payments" applications on the XRP Ledger (XRPL), enabling AI agents to execute automated financial transactions.
Ripple stated that AI agents are no longer a future concept; they are already actively participating in paying for computing power, settling invoices, and completing transactions without human intervention. As the application of AI agents expands, the market is accelerating the construction of machine-oriented payment infrastructure, including wallets and stablecoin payment channels, allowing AI to autonomously handle service payments and asset trading.
This week, Robinhood also launched a related initiative, allowing users to try stock trading executed by AI agents, with plans to expand into the crypto asset sector in the future; MetaMask has also released a non-custodial wallet solution for AI agents.
Ripple pointed out that traditional payment systems are primarily designed for human-initiated and approved processes, whereas AI agents require infrastructure that enables rapid settlement, predictable outcomes, and no need for manual approval. It emphasized that its new toolkit also supports payments based on the x402 protocol, allowing settlement using XRP and Ripple USD (RLUSD).
Meanwhile, the IC3 team, composed of researchers from multiple universities, stated that while combining AI with blockchain can achieve automated transactions, AI agents remain highly dependent on humans and the underlying infrastructure and do not possess complete autonomy. (The Block)
09:38
Svmuu reports that MNX, a decentralized futures exchange focused on the AI economy, has completed a $6.4 million funding round with participation from Village Global, Cambrian, Relay Digital, North Island Ventures, and others. MNX aims to build AI-native derivatives infrastructure, covering futures on GPU rental prices and data center electricity costs, valuation markets for private labs such as OpenAI, Anthropic, and DeepSeek, AI benchmarks and financial forecasting markets, as well as perpetual contracts for AI-related global equities. The platform supports leverage, portfolio margin, and batch auction for fair execution. Settlements are conducted in a fully non-custodial manner on MegaETH, with the mainnet scheduled to launch this summer.
09:38
Svmuu reported that Tom Lee, known as "Wall Street's Oracle" and partner and head of research at Fundstrat, stated in a client research report released on Tuesday that SpaceX’s upcoming entry into the capital market is a primary factor behind the recent volatility in U.S. stocks.
Tom Lee analyzed that the core logic behind the current weakness in U.S. stocks is clear: to participate in this blockbuster IPO, market participants are actively selling off their existing stock holdings to accumulate cash, and the fund diversion effect continues to intensify. However, he also believes that once SpaceX performs well on its first day of listing, market risk appetite will recover, thereby driving the recovery of other individual stocks. This round of SpaceX’s IPO has been met with strong market demand, with oversubscription levels continuing to rise. According to Fundstrat’s statistics, the current subscription multiple for this issuance has reached 4 times. Based on market trends, it is projected that the oversubscription ratio could climb to 10 times before the official listing this Friday.

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