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6/2
20:45
According to CoinGlass data, a total of 277,481 individuals were liquidated across the entire network in the past 24 hours, with total liquidations amounting to $1.777 billion. Long position liquidations were $1.597 billion, while short position liquidations were $181 million.
By asset, BTC liquidations totaled $58.13 million, ZEC liquidations $53.88 million, ETH liquidations $25.64 million, and LAB liquidations $19.66 million. The largest single liquidation occurred on the Hyperliquid platform for the BTC-USD trading pair, amounting to $27.49 million.
20:35
Svmuu reported that if SpaceX proceeds with its initial public offering (IPO) as planned, CEO Elon Musk's shares will be subject to a 366-day lock-up period following the listing, during which time he will be prohibited from selling the relevant stock.
20:33
Svmuu reported that according to analyst Yujian's monitoring, crypto asset management firm Abraxas Capital is suspected of selling 1,000 BTC worth $67.49 million during the price drop last night. Seven hours ago, it transferred 1,000 BTC to Kraken, and subsequently withdrew 52.72 million stablecoins, including USDC and USDT, from Kraken.
20:23
Svmuu reports: The 5x long position of 1,268 BTC held by Garrett Jin, the agent of the “1011 Insider Whale,” currently has an unrealized loss exceeding $11.5 million.
20:20
According to MSX.COM data, MRVL (Marvell Technology) briefly broke above $330, reaching a new all-time high, and is currently trading at $313, with an intraday increase of over 43%.
Previously, NVIDIA CEO Jensen Huang stated that Marvell is expected to become "the next trillion-dollar company."
20:20
Svmuu reported that Machi Big Brother (@machibigbrother) has suffered 7 more liquidations within two days. He just went long on 400 ETH with 25x leverage, valued at $744,000, with a new liquidation price of $1,834.01.
20:15
Svmuu reports that SpaceX plans to issue 555.6 million shares at $135 each, raising approximately $75 billion in its initial public offering (IPO), corresponding to a company valuation of about $1.75 trillion. (Reuters)
20:14
Svmuu reports that according to Onchain Lens monitoring, an address labeled as the "ShapeShift Mystery Whale" purchased 6,688 ETH, valued at approximately $12.78 million, in the past 8 hours.
Data shows that the address currently holds a total of 149,286 ETH, worth approximately $278 million at current prices. Onchain Lens stated that the address may continue to increase its ETH holdings in the future.
20:13
According to SoSoValue data, yesterday (June 2, Eastern Time) the HYPE spot ETF recorded a total net inflow of $3.149 million for the day.
Only the Bitwise Hyperliquid ETF (BHYP) saw net inflows yesterday, totaling $3.149 million, bringing its historical total net inflow to $82.9602 million.
As of press time, the total net asset value of HYPE spot ETFs stands at $180 million, with a HYPE net asset ratio of 1.16%, and historical cumulative net inflows have reached $137 million.
20:10
Svmuu reported that on the early morning of the 3rd local time, the Islamic Revolutionary Guard Corps of Iran issued a statement stating that on the evening of the 2nd, a US artillery shell hit an Iranian oil tanker near the Strait of Hormuz, damaging its engine room. In response to "this act of aggression and violation of the rules of the Strait of Hormuz," the Islamic Revolutionary Guard Corps attacked the "Panaya," a vessel belonging to the US and Israel, with missiles. The statement said that in a new round of aggression, the US military attacked a communication tower of the Islamic Revolutionary Guard Corps located in the south of Qeshm Island. In response, the Aerospace Force of the Islamic Revolutionary Guard Corps launched missile and drone attacks on a US air base in a certain country in the region and the headquarters of the US Fifth Fleet. Iran has previously warned that in the event of aggression, it will take a completely different and more severe response. Iran reiterates that compromising the security of the Strait of Hormuz will cost the US military dearly. (CCTV)
20:04
Svmuureported that ZetaChain announced on the X platform that ZETA has added new utility scenarios. Users can gain access to Anuma AI services by locking ZETA tokens and earn Anuma AI points daily.
According to the introduction, users can privately use AI models such as ChatGPT, Gemini, Claude, and DeepSeek, and enjoy a unified memory function without needing to repeatedly input personal preference information. Additionally, the service does not require email or real-name registration; users only need to connect their wallet to use it.
ZetaChain stated that locking 80,000 ZETA tokens grants access to the Anuma AI Pro version.
19:49
According to data, the total trading volume of crypto futures on major exchanges fell to a near 12-month low in May, reaching approximately $2.9 trillion on a monthly scale. This marks a return to levels seen since the end of 2023, significantly lower than the peak monthly volumes of $6 to $7 trillion during the active period last year.
This decline reflects an overall cooling of speculative trading in the crypto market, with both spot trading volumes and on-chain activity also weakening. Trading volume remains highly concentrated on a few leading platforms, where Binance continues to dominate, followed by OKX, Bybit, and Gate. Smaller and mid-tier trading platforms are experiencing more pronounced liquidity drain during this low-activity cycle.
Meanwhile, the CFTC is pushing to pave the way for opening crypto perpetual swaps to the U.S. market. For perpetual swap products, which have primarily existed in offshore markets for a long time, this could present a significant structural opportunity. (The Block)
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)

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