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According to Gate market data, US stocks experienced significant volatility today. The index opened higher, then faced selling during the midday session, and recovered some losses near the close. Most major indices closed lower, with the Nasdaq index down about 1% and the S&P 500 index slightly down 0.26%. Chip stocks were hit hard, with the Philadelphia Semiconductor Index closing down 1.9%. Many investors may be moving funds out of stocks that have risen significantly this year to free up cash for the highly anticipated SpaceX IPO this week.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0031%. Among the current mainstream exchanges, the rate on Binance is 0.0006%, OKX is 0.0036%, Bybit is 0.0016%, and Gate is 0.0067%.

Zhao Changpeng posted on platform X, stating: "Bitcoin won't 'die' for too long. Don't panic."

According to Bitcoin News, Strive CEO Matt Cole stated that the depreciation of fiat currency will continue to accumulate over time, and in this context, there is no better scarce digital commodity than Bitcoin.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.104 billion, with long positions totaling $2.045 billion, accounting for 49.82% of the holdings, and short positions totaling $2.06 billion, accounting for 50.18%. The profit and loss for long positions is -$158 million, while for short positions it is $98.8972 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1810.16, currently showing an unrealized profit and loss of $8.1998 million.

Gate announced that the first phase of its IPO Access project has officially launched, with SpaceX as the initial offering. Users can now submit their intention to subscribe through the Gate platform to participate in investment opportunities for popular company IPOs. The event adopts an "intention to subscribe" mechanism, and the platform will calculate the allocation weight based on the average locked amount during the subscription period.Ultimately, users may receive full allocation, partial allocation, or no allocation at all, with the specific results determined by the project's issuance situation and the actual allocation amount obtained by the platform. After receiving the IPO allocation, the corresponding stocks will be directly distributed to the Gate stock account. After the allocation ends, the relevant stocks will be listed on the Gate stock section on June 12, allowing users to directly engage in real stock trading or hold them, achieving a seamless transition from IPO subscription to secondary market trading.As an important part of Gate's stock business, IPO Access provides users with a new channel to participate in the subscription of globally popular companies going public. Currently, with the launch of IPO Access, Gate is gradually improving its product ecosystem covering Pre-IPO, IPO, and stock trading, providing users with a more convenient one-stop global investment experience.

Bitcoin briefly fell below $60,000 last Monday, marking the worst weekly performance since the FTX exchange collapse in 2022. As of last Sunday, Bitcoin had accumulated a 16% decline over the past 7 days, retreating more than 50% from its historical high of over $126,000 in 2025. Several market analysts warned that the current rebound may be difficult to sustain, and Bitcoin may not have reached the bottom of this cycle yet. Griffin Ardern, co-founder of Primal Fund, stated that the market is still quite far from the "true bottom."Data shows that the U.S. spot Bitcoin ETF has recorded net outflows for 13 consecutive trading days, with a total outflow of approximately $5.5 billion. At the same time, Bitcoin fell below the 200-week moving average, widely regarded as a key support level, further weakening market confidence. Paul Howard, a senior executive at crypto trading firm Wincent, described the current market as a "silent bear market," believing that falling below the 200-week moving average is an important confirmation signal for the market entering a bear phase.Analysts pointed out that the ongoing conflict between the U.S. and Iran, the reversal of expectations for Federal Reserve interest rate cuts, and strong U.S. employment data are driving the market to reprice the interest rate path, with a high interest rate environment being unfavorable for the performance of risk assets, including crypto assets. Additionally, some funds are flowing from the crypto market into artificial intelligence and tech stock sectors. Nevertheless, the current pullback is still less than historical bear market cycles. In past bear markets, Bitcoin typically retreated about 80% from its peak, while this round has seen a decline of about 50%. Some traders believe that if the macro environment continues to deteriorate and companies holding large amounts of Bitcoin face financing pressures, there remains a risk of further downside in the market.

According to Jinshi, the Global Research Department of Bank of America reported that due to a significant rise in energy prices, the overall CPI in the U.S. for May is expected to increase by 0.46% month-on-month, and the year-on-year growth rate is expected to rise from 3.8% in April to 4.2%, reaching the highest level since April 2023. The core CPI month-on-month increase is expected to be 0.2%, with a year-on-year increase of 2.8%. The bank pointed out that this CPI data will be the focus of attention regarding the impact on core PCE and the outlook for monetary policy.

According to monitoring by Catcher Predict, in the event "Trey Lance's Team in 2026" on the prediction market Polymarket, the "Yes" option for the sub-market "Buffalo Bills" has experienced a dramatic fluctuation in winning probability, soaring from 0.25% an hour ago to the current 19.8% (a fluctuation of 19.55%). Please note the impact of related breaking news.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0016%. Among the current mainstream exchanges, the rate for Binance is 0.003%, OKX is -0.0008%, Bybit is 0.0037%, and Gate is -0.0002%.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.119 billion, with long positions totaling $2.058 billion, accounting for 49.95% of the holdings, and short positions totaling $2.062 billion, accounting for 50.05%. The profit and loss for long positions is -$153 million, while the profit and loss for short positions is $95.9162 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1,810.16, currently showing an unrealized profit and loss of $8.0978 million.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has been in a state of realized net loss for 22 consecutive days, meaning that trades where the selling price is lower than the buying price continue to dominate, and holders are closing positions at a loss. The MVRV Z-Score indicator has dropped to 0.32, far below the historical average of 1.71, indicating that valuations have significantly cooled, with premiums almost completely washed away, and the market is no longer expensive.If this indicator falls below zero, it will enter a deeply undervalued and capitulation zone; if it rises above the historical average, it will signal a valuation recovery. The lowest point of realized net loss occurred on June 6, reaching $1.2 billion, and has now narrowed to about $1.1 billion, roughly half of the extreme capitulation value of $2.2 billion in 2022. Analysts point out that market pressure is evident, but valuations have reset, and the valuation discount itself is a positive signal. The trigger for improvement is when realized net profit and loss return to zero and above, and MVRV Z remains positive; the main risk is that losses deepen again to the extreme levels of 2022 and MVRV Z falls below zero.

Nado announced the launch of the industry's first tokenized unified margin system for U.S. stocks, with SPYx (S&P 500) and QQQx (Nasdaq 100) now supported as margin for perpetual contracts. Users can use tokenized U.S. stocks as collateral in a single Nado account to trade cryptocurrencies, foreign exchange, commodities, and stock perpetual contracts, and settle portfolios through a unified risk control system. This is the first time in the derivatives market that a margin system has been established connecting U.S. stock assets with multi-asset perpetual contracts. Nado thus becomes the first trading platform to support U.S. stocks as cross-asset unified margin, bringing traditional prime broker-level capital efficiency to the on-chain trading market.

Driven by the Bitget US stock 2.0 upgrade, according to DefiLlama data, Bitget has seen a net inflow of approximately $177 million in the past 7 days, ranking second among global centralized exchanges. During the same period, OKX ranked first with $409 million, and Bybit ranked third with $161 million.

Haedal posted on platform X that the team recently monitored an abnormal decrease in liquidity in some of Haedal's Vault pools. As a precaution, related contracts have been suspended, and an investigation is underway to determine the root cause to prevent further impact.The affected range is limited to a few Vault pools, and other products are safe and unaffected. All related direct losses will be fully borne by Haedal. The team will provide a more detailed investigation update after the analysis is completed.

According to official news, Circle announced that cirBTC has launched on Ethereum, providing 1:1 Bitcoin-backed collateral for the institutional DeFi market. cirBTC is supported by native BTC held in custody by Circle at a 1:1 ratio, offering on-chain reserve transparency through Chainlink reserve proofs.cirBTC can be integrated into Circle Mint for minting and redemption, and it forms a unified operational model of dollar liquidity and Bitcoin collateral with USDC. In the future, cirBTC will also expand to multiple chains through Arc.

The founder of Slow Fog, Yu Xian, stated that the attack Asterix encountered is similar to that of Flooring Protocol and BMP yesterday (the underlying protocols are DN404 and BT404), with high-level NFT ID displacement operations overflowing and being reused. It seems the attackers are looking for common vulnerabilities.It is reported that Asterix disclosed an attack incident affecting the ASTX token contract yesterday, stating that its Uniswap v4 liquidity pool was attacked on June 8, with attackers stealing approximately 30 ETH through 242 transactions. The vulnerability originated from a lack of token ID restriction checks on approval operations in an early version of DN404. Attackers exploited the outdated token approval to repeatedly sell tokens in the pool to obtain ETH, and then extracted equivalent tokens through forged IDs, leading to a cycle that drained the funds.Smart contracts are immutable and cannot be patched. The team advises users to stop interacting with the current pool and tokens and is planning to migrate to deploy secure tokens. The team suspects that the attackers used a jailbroken AI tool for fuzz testing to discover unconventional logic paths.

According to The Kobeissi Letter, global investors are selling Korean stocks at an unprecedented pace. On Monday, foreign capital sold another $801 million worth of Kospi components, with a total outflow of $10 billion last week, and a net selling trend observed every trading day over the past month.According to Goldman Sachs data, foreign capital has cumulatively sold $75 billion worth of Korean stocks this year. In stark contrast, domestic retail and institutional investors have net bought $69 billion during the same period.