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6/3
17:13
Data shows that the number of monthly venture capital deals in the crypto industry fell to around 50 in May, returning to levels seen before 2021, when the industry was significantly smaller than it is today.
The contraction in deal activity is evident across almost all categories, with infrastructure and crypto financial services—two previously most active sectors—also approaching multi-year lows.
The report suggests that the cooling of fundraising is mainly due to two factors: first, investor attention and capital are continuously shifting towards AI, structurally squeezing crypto financing; second, the crypto industry currently lacks the highly attractive early-stage projects that were abundant during the cycles of 2021 and 2024, leading investment institutions to be more selective and cautious in their screening.
17:06
According to Iranian media Fars News, Iran has outlined a four-stage plan for reaching an agreement with the United States. The first phase focuses on a comprehensive cessation of military operations across all fronts, involving Iran, the US, and the Axis of Resistance; the second phase centers on the implementation measures for four key issues, including: the Strait of Hormuz and related mechanisms, lifting the blockade, removing oil restrictions and sanctions, and unfreezing part of Iran's assets; the third phase, following the implementation of objective and verifiable measures, will initiate broader negotiations regarding sanctions and the nuclear issue; the fourth phase involves establishing a supervisory committee to oversee the implementation of the agreement and track the compliance of all parties. (Jin Shi)
17:05
According to the Federal Reserve’s Beige Book, overall, prices rose at a moderate to strong pace, with most districts reporting a higher rate of inflation than in the previous report. Districts noted that energy costs related to the Middle East conflict were the main driver of inflationary pressures, with effects spilling over into shipping, packaging, groceries, and fertilizers. Non-labor costs continued to rise faster than selling prices, raising broader concerns about margin compression. The ability of businesses to pass on higher costs varied across industries, particularly among consumer-facing companies. Some districts noted that firms in several areas have adopted strategies to cope with inflation, including supply chain optimization, product adjustments, reducing supply, and temporarily absorbing higher costs to maintain customer demand.
17:04
Svmuu reported that according to CNN, a US official familiar with the negotiations stated that one of the remaining key sticking points in the US-Iran talks is the issue of economic compensation, as Trump is eager to reach an agreement that is perceived as superior to the one proposed during the Obama administration. The official said that Iran has conveyed to the mediators that once an initial memorandum of understanding is agreed upon, they hope to receive some form of economic compensation as soon as possible, rather than having it delayed for future disbursement. However, officials from the Trump administration are concerned that unfreezing funds at such an early stage could alleviate the economic damage inflicted on Iran—potentially removing, or at least diminishing, a key leverage Washington holds over Tehran. This leverage would be crucial for the US to enter the second phase of negotiations to discuss the specifics of Iran's nuclear program. Trump has made it clear to his team that he wants any agreement to appear much tougher than the one reached in 2015, and to avoid any actions that could be interpreted as "handing over large sums of cash"—a phrase Trump used to criticize Obama's decision to provide economic compensation to Iran. (Jin Shi)
16:59
SvmuuNews, Federal Reserve's Logan stated that Fed officials may need to raise interest rates later this year to bring inflation down to the 2% target level. She noted that the U.S. labor market is "largely in balance," investment in the AI sector is booming, and financial conditions remain "loose." However, she added that the current inflation trend does not appear to be heading back towards the Fed's 2% target. "These conditions suggest that current monetary policy is not exerting a restraining effect on the economy," "I am increasingly concerned that, in order to fully restore price stability and appropriately balance both aspects of the Fed's 'dual mandate,' interest rate hikes may be necessary later this year." (Jin Shi)
16:58
Svmuu News: When asked how to define a ceasefire, U.S. President Trump said: “In that region, what they call a ceasefire means that the intensity of the fighting and gunfire becomes more moderate. That is indeed the case. A ceasefire there is very different from a ceasefire in other regions.” (Jinshi)
16:57
Svmuureported that SpaceX, the company led by Elon Musk, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday that it plans to fix the offering price at $135 per share (consistent with the price disclosed by sources) before officially commencing its IPO roadshow. SpaceX stated that the company plans to issue 555.6 million shares, thereby raising $75 billion. Typically, at this stage of the IPO process, issuers set a price range to test market demand sensitivity at different price levels. However, SpaceX has adopted a more unique pricing strategy. Calculated at $135 per share, SpaceX's valuation would reach $1.77 trillion. This valuation would make SpaceX the seventh-largest publicly traded company in the US by market capitalization, surpassing Tesla, which currently has a valuation of approximately $1.6 trillion. SpaceX plans to officially list on the Nasdaq Stock Exchange on June 12. (Jin Shi)
16:55
Svmuu reports that according to OKX market data, BTC has fallen below 65,000 USDT and is currently trading at 64,951.1 USDT, representing a 24H drop of 3.94%.
15:55
Svmuureports that OKX market data shows ETH has fallen below 1800 USDT, currently trading at 1799 USDT, with a 24-hour decline of 5.76%.
13:00
Svmuu reports, the UK Prime Minister has accused Reform UK leader Nigel Farage, demanding he stop avoiding questions regarding a £5 million personal donation from Thai crypto billionaire Christopher Harborne, and questioning why the sum was kept confidential.
The donation was made several months before Nigel Farage participated in the 2024 general election and is currently under investigation by the Parliamentary Commissioner for Standards to determine whether it should have been declared. In response, Nigel Farage stated that he was not an MP at the time and therefore was not required to report it to the authorities. Additionally, another crypto entrepreneur, Ben Delo, also donated £4 million to the party. (The Guardian)
12:41
Svmuu news, US Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. Meanwhile, Scott Bessent urged lawmakers to support the digital asset regulatory bill "Clarity Act" and expressed hope that it would pass this summer, in order to bring US best practices home and make America the world’s innovation capital.
Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring the adoption of best practices amid the complexities so that it can be sustainable in the future. (The Block)
12:34
Svmuu reports that, according to Artemis data, Polymarket's daily crypto trading volume has reached $176 million, setting a new record high.
12:28
According to data from MSX.COM, the U.S. stock market continued its decline, with the Nasdaq falling 1.00%.
12:13
SvmuuNews, on the 3rd local time, US Secretary of State Rubio stated at a hearing before the House Appropriations Committee that the US military operation "Epic Fury" against Iran has ended, claiming that the US has "achieved victory."
Rubio stated, "We are no longer continuing strikes against targets inside Iran because the 'Epic Fury' operation is over." Rubio also noted that although the US and Israel have dealt a heavy blow to Iran's military capabilities, Iran "still retains some drone and maritime warfare capabilities." (CCTV)
12:06
Svmuureports that according to CoinGlass data, a total of 196,868 people were liquidated across the network in the last 24 hours, with the total liquidation amount reaching $1.105 billion. Among them, long position liquidations were $891 million, and short position liquidations were $215 million.
The largest single liquidation occurred on the HTX platform for the BTC-USDT trading pair, totaling $59.6723 million.
12:02
Svmuu reports that according to OKX market data, BTC has dropped below 66,000 USDT and is currently trading at 65,998.9 USDT, with a 24H decline of 1.86%.
11:54
Svmuu reported that Adam Iza, a California cryptocurrency executive, admitted on Monday to orchestrating an attempted kidnapping of Veer Chetal's parents. The case is related to the $245 million Bitcoin theft that Veer Chetal was previously involved in.
Adam Iza, 25, also known as Ahmed Faiq, who ran the crypto trading company Zort and called himself the "Godfather," along with Veer Chetal and two others, impersonated technical support staff from Google and crypto exchanges to steal 4,100 Bitcoins from a Washington resident, valued at approximately $245 million at the time. Adam Iza and his accomplices attempted to obtain part of the stolen funds by kidnapping Veer Chetal's parents. Additionally, Adam Iza admitted to fraudulently accessing Meta's business manager accounts and credit lines to steal over $37 million between 2020 and 2022. Federal prosecutors are seeking at least 14 years in prison for his sentence. (fortune)
11:38
Svmuu News: When SpaceX announced its list of IPO underwriters, Jefferies was not among them, but short sellers and some senior executives at Jefferies Group see this as a rare opportunity. According to people familiar with the matter, hedge funds that did not invest in SpaceX are reaching out to Jefferies to inquire about short-selling opportunities following the company’s IPO. As the largest U.S. investment bank not involved in the SpaceX offering, Jefferies is now in a unique position to facilitate these trades. Although firms on Wall Street typically assist clients with a wide range of investment strategies involving a company’s stock, their legal teams may become uneasy when one division expresses a bullish view on a stock while another helps clients short it. Moreover, it is hard to imagine how Musk—who has long been known for his mercurial temperament—would react if any of the 23 banks that underwrote SpaceX’s IPO were to “turn against” the company by engaging in short-selling. (Jin Shi)
11:30
Svmuureported that Bankless co-founder David Hoffman posted on platform X, stating that after selling his ETH, he immediately allocated approximately 50% of the capital to VVV, NEAR, ZEC, and HYPE, and used the remaining funds for dollar-cost averaging into projects that have not yet seen significant price increases (NEAR was priced at around $1.40 at the time). He added that the remaining 50% of the capital has completed its position building in LIT.
11:15
Svmuureported that prediction market platform Kalshi announced on platform X that Bitcoin perpetual contracts are now officially online. This marks the first U.S. regulatory-approved Bitcoin perpetual contract product. The product is a perpetual contract referencing the spot price of Bitcoin and is classified as a futures contract. The U.S. Commodity Futures Trading Commission previously stated that, following review, the BTCPERP contract complies with the Commodity Exchange Act and relevant regulatory requirements, including the core principles applicable to Designated Contract Markets (DCM).

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