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6/8
16:33
SvmuuNews John D’Agostino, Coinbase's Head of Institutional Strategy, stated that although Bitcoin briefly fell below $60,000 recently, large investors such as family offices and sovereign wealth funds did not panic. Instead, they viewed the decline as a discounted buying opportunity.
He noted that these institutions were bullish when Bitcoin was at $125,000, still interested at $100,000, and "liked it even more" around $65,000. Bitcoin fell to $59,200 last Friday, the first time since October 2024, and is down approximately 50% from its high of over $126,000 in October 2025.
D’Agostino believes institutional confidence remains solid, with ongoing investment in related market infrastructure and resilient Bitcoin ETF holdings. Currently, Bitcoin ETF exposure is still around $100 billion, and although prices have nearly halved from their peak, retail interest has only receded by about 15%.
He also downplayed concerns about forced liquidations of leveraged positions held by major institutions, stating that he is not currently aware of any major institutional Bitcoin holders being in a "severely over-leveraged" state.
12:54
Svmuu reported that Nippon Telegraph and Telephone Corporation (NTT) will raise funds from investors in the United States and South Korea to establish a $500 million optical network fund. Approximately 20 companies are expected to participate in NTT's fund, including Samsung Electronics. (Jin Shi)
12:29
Svmuu News: SpaceX is preparing for a record-breaking initial public offering (IPO), but renowned investor Steve Eisman has expressed concerns about its artificial intelligence business. Eisman, the real-life trader who inspired the character betting against the housing market in the movie "The Big Short," said in an interview with CNBC on Monday that although he does not plan to short SpaceX stock during the IPO, the company's prospectus has raised some red flags. SpaceX's capital expenditures have increased significantly: "Capital expenditures accounted for only 42% of revenue in the 2023 fiscal year, but have reached 215% of revenue in the most recent quarter, indicating that the company has become highly capital-intensive." (Business Insider)
12:09
Svmuu reports that Sui announced on X platform that confidential transfers are now open for public testing on Sui Devnet, where transfer amounts and balances remain private, with controlled visibility for compliance and auditing purposes.
11:59
Adam, a macro researcher at Greeks.live, posted on X platform that as the market rebounds, BTC's GEX is concentrated at $60,000. The previously scattered GEX combination has become concentrated, primarily dominated by current-week and current-month options. The biggest macro event this week is SpaceX's listing on June 12. As the world's largest IPO, the liquidity impact on US stocks is worth watching.
Recently, US stock market volatility has been high, exerting significant pressure on cryptocurrencies. A large number of crypto market investors have recently flooded into the US stock market, and the correlation between the crypto market and the US stock market may continue to increase. The IV for options expiring this week has risen significantly, and the proportion of block trades has also continued to increase. Investors are positioning for near-term defense, and there is strong demand for short-term call options.
11:54
Svmuu reported that in April this year, KelpDAO's LayerZero bridge was exploited in a $292 million vulnerability attack, triggering an $8.45 billion deposit run on Aave within 48 hours, marking the largest capital outflow event in decentralized finance (DeFi) history. Aave founder Stani Kulechov stated that the design of Aave V3 withstood the market test, demonstrating the network's "resilience." However, independent data indicates that Aave's survival primarily relied on $300 million in emergency rescue, including a 25,000 ETH guarantee from the Aave DAO and a personal injection of 5,000 ETH (approximately $8.4 million) by Kulechov.
Kulechov attributed the vulnerability to third-party infrastructure rather than core smart contracts. However, analysts pointed out that this incident exposed deficiencies in Aave's risk architecture and insurance mechanisms, leading the platform to incur significant bad debt (approximately $123.7 million in wETH). To prevent future bridge failures from triggering systemic bank runs, Aave V4 will adopt a modular "hub-and-spoke" architecture, enabling local risk auto-adjustment and collateral freezing. (CoinDesk)
11:50
Svmuu reported that according to market sources, SpaceX is reportedly planning to complete its IPO subscription after the close of trading on Wednesday.
11:48
Svmuu reports that according to OKX market data, ZEC has broken above 450 USDT and is currently trading at 453.49 USDT, with a 24-hour increase of 7.06%.
11:28
According to Onchain Lens monitoring, a whale sold 82,928 HYPE at an average price of $64.34, realizing a profit of $2.06 million.
11:22
According to MSX.COM data, the U.S. crypto concept stocks sector is broadly rising. BMNR is up nearly 8%, Strategy and Coinbase are up over 5%, Circle is up nearly 4%, and Robinhood is up nearly 3%.
11:10
According to data from MSX.COM, the Nasdaq Composite Index expanded its gains to 1.76%, reaching 26,162.84 points. The Philadelphia Semiconductor Index surged by 7%, hitting an intraday high, after falling sharply by 10% last Friday. Among popular sectors, Nvidia's stock price rose 1.77%, TSMC's stock price rose 4.18%, Broadcom's stock price rose 3.04%, Micron Technology's stock price rose 10.37%, AMD's stock price rose 5.7%, ASML's stock price rose 7.29%, Intel's stock price rose 12.66%, and ARM rose 4.48%.
11:04
Svmuu reported that Leopold Aschbrenner's Situational Awareness Fund has achieved cumulative returns of approximately 270% this year, bringing total fund assets to $20 billion. The fund's holdings of Anthropic equity currently account for about 20% of its assets, with investors including renowned quantitative trading firm Jane Street. (WSJ)
11:03
Svmuu reported that developers of the OpenAI Stargate data center are facing rising costs due to energy challenges, according to two sources familiar with the matter, as well as engineers and grid experts who received briefings, who stated the process is proving more difficult and expensive than anticipated. Crusoe, which is also a data center development partner for Oracle, is seeing the project's energy issues put significant pressure on operating costs. Currently, on a dry prairie in Abilene, Texas, Crusoe's hardware engineers are working overtime to coordinate natural gas turbines with one of the world's most expensive AI supercomputers, which is part of the OpenAI Stargate project. (The Information)
11:01
Svmuureports that Citigroup has lowered its 3-month gold price target to $4,000 per ounce, from a previous target of $4,300 per ounce, while maintaining its 6-12 month gold price target unchanged at $5,000 per ounce. Citigroup stated that despite negative short-term momentum, gold prices are expected to eventually rebound as the situation in the Strait of Hormuz eases. (Jin Shi)
10:57
Svmuu News, according to OKX market data, BTC has broken through 64,000 USDT and is currently trading at 64,015 USDT, with a 24H increase of 3.39%.
10:54
Svmuu reported that, according to Onchain Lens monitoring, the whale "nemorino.eth" bought 6,329 ETH at an average price of $1,692, worth approximately $10.71 million.
10:53
Svmuu reports that Nasdaq-listed company TON Strategy disclosed that it received approximately 3.3 million TON in rewards in May from staking about 227 million Toncoin, valued at roughly $5.6 million at market prices, with an initial annualized staking yield of around 1.48%. The company staked nearly all of its TON holdings and supported a series of network upgrades that have taken effect in the latest governance proposal, including improvements to smart contract execution efficiency, block synchronization, and validation capabilities, aimed at enhancing throughput and scalability. (The Block)
10:45
Svmuureports that according to an official announcement, Binance Futures will adjust the contract multiplier for the SPCXUSDT Pre-IPO perpetual contract at 16:30 (Beijing time) on June 10, 2026. The adjustment process is expected to take 15 to 30 minutes, during which trading will be suspended, all pending orders will be canceled, strategy bots will be terminated, and positions will be automatically closed. After the adjustment, a scaling factor of 1.10 will be applied to the contract multiplier. Position holders are advised to assess their risks in advance.
10:42
Svmuu reported that Markus Thielen, founder of 10x Research, stated that the core driver behind Bitcoin's drop below $60,000 is not the market's feared Strategy sell-off, but sustained ETF outflows triggered by rising US inflation. Data shows that since US inflation data exceeded expectations in April, US spot Bitcoin ETFs have accumulated net redemptions of approximately $5.4 billion. Over the same period, MicroStrategy actually increased its BTC holdings by around $2 billion, becoming one of the few net buyers.
Markus Thielen noted: "The market has misjudged this decline. Strategy is not the issue; the real driver is institutional ETF selling." The market's current focus should shift to the CPI data to be released this Wednesday. If inflation comes in higher than expected, it could reinforce the "higher for longer" interest rate expectation, continuing to pressure risk assets. His model predicts US inflation could rise to 4.3%, higher than the market consensus.
10x Research emphasized that market liquidity remains weak: stablecoins saw a net outflow of approximately $5.5 billion last month, and futures open interest has declined, indicating that capital is withdrawing from the crypto market. ETF flows remain the core variable for Bitcoin's price. "Follow the flows, not the narrative." (CoinDesk)
10:40
According to Lookonchain monitoring, US Bitcoin ETFs saw a net outflow of 4,889 BTC today, valued at $312 million, with a 7-day net outflow of 26,100 BTC, worth $1.66 billion; Ethereum ETFs saw a net outflow of 8,426 ETH today, valued at $14.2 million, with a 7-day net outflow of 97,500 ETH, worth $164 million.

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