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6/2
19:48
Svmuu reported that Bitwise Chief Investment Officer Matt Hougan stated that as U.S. stocks continue to rise, AI stocks attract significant capital, and the regulatory outlook for the U.S. "Clarity Act" remains uncertain, crypto assets are transitioning from past momentum trading to longer-term fundamental "contrarian bets."
Hougan pointed out that against the backdrop of the Nasdaq 100 index rising 43% year-over-year and AI concepts dominating market attention, the appeal of allocating crypto assets for institutional investors has diminished. However, this does not mean the crypto industry is disappearing; rather, the investment logic is changing, requiring a longer-term perspective and stronger fundamental judgment.
He also noted that the current "crypto winter" differs from the past, as funds are no longer simply flowing into large-cap assets like Bitcoin but are beginning to reward projects with independent fundamental narratives. For instance, Hyperliquid, BNB, Zcash, and Stellar have all seen notable gains recently, indicating that the market is placing greater emphasis on the actual progress and differentiated logic of specific projects.
19:47
Svmuu reported that Ethena Labs has partnered with Anchorage Digital. Anchorage will provide collateral management services for Ethena’s institutional lending business through its Atlas Collateral Management platform.
The collaboration allows Ethena to extend loans to institutional clients while keeping the collateral assets custodied at Anchorage, without requiring a full transfer on-chain. Atlas will provide real-time monitoring of collateral and loan thresholds, and automatically execute margin processes and rule-based operations.
Since April this year, Ethena has begun restructuring its USDe reserves, transitioning towards an over-collateralized institutional lending model to reduce reliance on perpetual swap basis trading. Anchorage Digital Bank previously also served as the U.S. issuer of Ethena’s institutional-grade stablecoin, USDtb.
19:45
Svmuureports that Coinbase Ventures stated it has invested in Ethena by purchasing ENA tokens on the open market. Following the announcement, ENA rose approximately 6% over the past 24 hours.
Ethena said the two parties will collaborate to advance on-chain finance and savings products. Coinbase also mentioned that they will establish closer cooperation, which involves Circle's stablecoin USDC.
Ethena founder Guy Young stated that Ethena's products will be integrated with Coinbase's user base of over 100 million for the first time next week, to support its dollar savings products. The market is watching how the two parties will subsequently collaborate around USDC and Ethena's synthetic dollar, USDe. This move also comes as the US "Clarity Act" remains deadlocked in the legislative process. The bill concerns whether platforms like Coinbase can offer users rewards for holding stablecoins, while banking lobbying groups have consistently opposed similar stablecoin yield arrangements.
19:40
Svmuureports that Goldman Sachs CEO David Solomon stated that the stock market's boom is driven by a desire for profit, which outweighs concerns about economic turmoil and inflation risks. Solomon said on Tuesday: "The current situation is that greed far outweighs fear, and capital is abundant." Solomon also acknowledged that the risk of rising inflation could prompt the Federal Reserve to raise interest rates. He stated: "I believe inflationary pressures are real, and if they exceed expectations, I think the Fed will take action."
19:39
Svmuu News, June 2 (local time) — The U.S. Treasury Department's Office of Foreign Assets Control announced the update of the Specially Designated Nationals and Blocked Persons List, adding several Iranian cryptocurrency exchange platforms and related individuals to the sanctions list. (Jin10)
19:38
Svmuu News: Federal Reserve Chair Warsh has hired two external individuals as advisors to assist him in the early stages of his tenure. One of them previously contributed to drafting a conservative policy blueprint that advocates for a complete structural overhaul of the Federal Reserve. According to sources familiar with the matter, one of the advisors is Paul Winfree, who served as a White House domestic policy expert during the first Trump administration. He is also the named author of the chapter on the Federal Reserve in "Project 2025," a conservative policy blueprint developed ahead of the 2024 election. The other advisor is Daniel Heil, a policy fellow at Stanford University's Hoover Institution who previously served as an economic policy advisor on the 2016 presidential campaign team. His recent writings have primarily focused on reducing federal healthcare spending costs and Social Security issues. Both individuals have long been active in conservative policy circles, and their professional backgrounds lie outside the core responsibilities of the Federal Reserve. One source said the two advisors will work on a temporary contract basis, assisting Warsh with policy analysis and planning. Warsh has not yet made a final decision on whether they will take on longer-term, formal positions within the Fed. (Jinshi)
15:28
Svmuu reported that according to OKX market data, BTC has fallen below 67,000 USDT and is currently trading at 66,969.1 USDT, with a 24-hour decline of 6.36%.
12:48
Svmuureports that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig stated that the enforcement actions during the Biden administration "politically targeted" the co-founders of cryptocurrency exchange Gemini, and he is pushing to rectify the handling of the case.
Under the leadership of Michael Selig, the CFTC last week asked a federal court to void the $5 million settlement the agency reached with Gemini in January 2025. The settlement occurred before the Trump administration took over the commission.
Gemini co-founders Tyler Winklevoss and Cameron Winklevoss each donated $1 million to Donald Trump's 2024 campaign and have attended White House events, including the signing ceremony for the stablecoin-related GENIUS Act. (cointelegraph)
12:39
Svmuureports A shell company linked to Elon Musk has reportedly purchased property in a rural area outside Houston, Texas in recent weeks, suggesting it may be finalizing the site for a planned $55 billion chip factory, Terafab. The Terafab project, jointly promoted by SpaceX, Tesla, and xAI, aims to provide chip support for artificial intelligence and robotics projects, with total investment potentially reaching up to $119 billion.
Land registration records show that the company, named "WIT Tech LLC," has acquired at least six plots of land in Grimes County, covering a total area of over 6,000 acres (equivalent to nearly 10 square miles). The transaction amount has not yet been disclosed. (Jinshi)
12:37
Svmuu reports, OKX market data shows ZEC briefly broke through $600 and is now trading at $599.8, with a 24H increase of 11.9%.
12:19
Svmuu reported that according to Gate data, WTI crude oil has broken through the $95 per barrel mark, up 0.59% intraday.
12:12
Svmuu reported that Crypto.com Exchange has officially integrated with TradingView and become an official broker. Eligible retail and institutional users can execute trades directly from TradingView charts, eliminating the need to switch between analysis and trading interfaces. This integration covers not only cryptocurrencies but also a diversified range of assets including stocks, commodities, pre-IPO perpetual contracts, and tokenized real-world assets.
Eric Anziani, President and COO of Crypto.com, stated that this integration brings together two powerful platforms, enabling traders to transition instantly from analysis to execution, accessing deep liquidity and real-time market data directly from the charts. (financefeeds)
12:02
Svmuu News: U.S. Secretary of State Rubio: The war in Iran is over. (Jin Shi)
12:00
Svmuu reports that US Senator Bernie Sanders plans to introduce the "American AI Sovereign Wealth Fund Act," which proposes to levy a one-time 50% equity tax on the largest AI companies in the United States. The relevant shares would be injected into a national sovereign wealth fund, with the wealth generated by AI distributed to all American citizens through cash dividends, healthcare, education, and housing.
Bernie Sanders argues that the trillions of dollars in wealth created by AI should not be captured solely by a few tech companies and their shareholders. He stated that the full text of the bill will be released in the coming weeks. Currently, the proposal is at the stage of a policy initiative, and there is significant uncertainty regarding its path to legislation and implementation.
11:45
Svmuureports that U.S. exchange operators are falling due to concerns over perpetual futures risks. Cboe Global Markets dropped 9%, CME Group fell 4.7% to a new low in over a year, and Intercontinental Exchange declined 3.9%, nearing a two-year low.
11:39
According to Lookonchain monitoring, a newly created address has spent $34,300 on Polymarket to bet that the ruling on "MicroStrategy sells any Bitcoin before May 31, 2026" will be overturned. If the result changes to "Yes," the address could potentially make a profit of over $9.9 million.
11:37
Svmuu: U.S. President Donald Trump signs executive order to promote advanced AI innovation and security.
11:31
Svmuu reports that according to OKX market data, ETH has dropped below 1900 USDT and is currently trading at 1898.35 USDT, a 24-hour decline of 3.57%.
11:25
Svmuu reported that CoinDesk posted on X platform that Andrew Yang's Noble Mobile has acquired the crypto-driven wireless carrier Helium Mobile, combining Noble's mobile service business with Helium's blockchain-based wireless network.
11:10
According to CoinGlass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $1.024 billion, with long position liquidations accounting for $907 million and short position liquidations at $116 million.
Among these, BTC liquidations totaled $618 million (longs $594 million, shorts $23.22 million), ETH liquidations reached $143 million (longs $122 million, shorts $20.68 million), and SOL liquidations were $37.4569 million (longs $35.53 million, shorts $1.92 million).
A total of 171,282 traders were liquidated over the past 24 hours, with the single largest liquidation order occurring on the Hyperliquid BTC-USD trading pair, valued at $27.4927 million.

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