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According to Bank Reg Blog, Kraken co-CEO Arjun Sethi has signed an agreement to acquire a small bank in Wyoming, Summit National Bank, which is in bankruptcy proceedings, for $5.5 million.The bank had previously failed multiple sale transactions. Economist David Beckworth asked whether this move would affect Kraken's streamlined Federal Reserve master account pilot and whether this acquisition would convert the streamlined account into a regular account. Bank Reg Blog responded that no direct impact is expected; the bank does indeed have a regular master account, but this transaction is being conducted in Sethi's personal capacity, rather than Kraken owning the bank.

According to the official announcement, Bitget has now launched a total of 49 US stock and popular ETF spot tokens, including rFUTU (Futu Holdings), rBILI (Bilibili), rJD (JD.com), rBB (BlackBerry), and rNBIS (Nebius).Bitget initiated the US stock token 2.0 upgrade in May this year, continuously improving the product experience around liquidity, asset equity mapping, and capital efficiency. The upgraded US stock spot tokens are directly connected to global liquidity pools such as Nasdaq and the New York Stock Exchange, with stock dividends distributed in token form at a 1:1 ratio. Users' holdings can also serve as joint collateral for unified accounts and U-based contracts. In terms of fees, Bitget's stock spot trading commission is as low as 0.04% after discounts.Previously, Bitget added 15 US stock tokens as collateral types for contracts; this time, the 49 underlying tokens cover multiple popular sectors such as AI/cloud computing infrastructure, semiconductors and technology ETFs, fintech, and new consumption, further expanding its US stock spot product matrix.

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 18 consecutive days, currently reported at -0.1347%, as purchasing power in the U.S. market continues to weaken.The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decrease in investor risk appetite, increased market risk aversion, or capital outflows.

According to monitoring by Lookonchain, Forward Industries deposited 455,784 SOL (31.87 million USD) into Coinbase Prime after a month of silence. Since launching the Solana treasury strategy in September 2025, the company has spent approximately 1.59 billion USD to acquire 6.83 million SOL at an average price of 232.08 USD, and its current holdings are worth only 458.6 million USD.

According to Cryptopolitan, the Solana ecosystem's decentralized aggregator Jupiter has launched the prediction market Forecast, which is the first native prediction market on Solana. Unlike traditional models that rely on a single liquidity pool, Forecast allows proprietary automated market makers to quote independently, and the system matches users with the currently most competitive quotes.The product will be integrated into Jupiter's existing Jup Predict interface, initially launching a short-term cryptocurrency price prediction market with a 15-minute window, with plans to expand to other types in the future. Jupiter stated that Forecast is not in competition with its partner Polymarket, but rather provides supplementary infrastructure for additional liquidity. Each prediction market created through the Forecast platform will issue its own native token to simplify integration.

According to BBX data, Bitcoin fell to a new low of $61,300 this year yesterday, putting pressure on the cryptocurrency sector. Key signals have emerged from institutions and the legislative level, with the core dynamics as follows:Michael Saylor, founder of Strategy, Inc. (NASDAQ: $MSTR), publicly stated on June 4 that the current decline in Bitcoin is not due to a deterioration in BTC fundamentals, but rather a "phase rotation" of capital from Bitcoin to AI stocks, SpaceX IPO, and other emerging assets—"Bitcoin is not broken; it’s just temporarily not the main character in the momentum trade." Saylor also reiterated his position of continued accumulation. Previously, Strategy spent approximately $2.01 billion (average price $80,985) to acquire 24,869 BTC in the week from May 11 to 17, bringing their total holdings to 843,738 BTC with a total cost of about $63.87 billion (average price $75,700); currently, BTC has fallen below the cost line of $12,300, and all of the company's holdings are in a state of unrealized loss, but management has not publicly indicated any intention to reduce their positions.JPMorgan Chase & Co. (NYSE: $JPM) reported by CoinDesk on June 4 warned in its latest research report that the legislative time window for the CLARITY Act to be voted on by the full Senate is "rapidly narrowing." The wording discrepancies in the stablecoin yield provisions have evolved into the most critical unresolved obstacle for the bill—banks insist on retaining restrictions on "passive income," while the cryptocurrency industry strives for "activity incentive space." If a compromise cannot be reached between the two parties within this month, the timeline for the Senate to complete a 60-vote approval before July 4 will be completely invalidated; the report also pointed out that the capital siphoning effect from the SpaceX IPO and AI stocks has further suppressed institutions' willingness to allocate to BTC in the short term.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.193 billion, with long positions totaling $2.09 billion, accounting for 49.84% of the holdings, and short positions totaling $2.103 billion, accounting for 50.16% of the holdings. The profit and loss for long positions is -$180 million, while the profit and loss for short positions is $134 million.Among them, the whale address 0x082e..88 has taken a 5x full position long on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $37.2769 million.

Former co-founder of Multicoin Capital, Kyle Samani, posted on X revealing: "For those wondering what my next plan is, I am developing a consumer product."It is worth mentioning that Solana founder toly retweeted this post, which may imply that the product has some connection to Solana.

Fidelity has lowered the minimum account requirement for the SpaceX IPO from a maximum of $500,000 to $2,000.

According to Cointelegraph, Coinbase and Better Home & Finance announced a plan to launch a cryptocurrency-backed mortgage program in the summer of 2026, allowing eligible borrowers to use Bitcoin (BTC) or USDC as collateral to fund down payments for Fannie Mae-backed mortgages. This move comes after the U.S. FHFA instructed Fannie Mae and Freddie Mac to consider cryptocurrency assets in mortgage risk assessments starting June 2025, without the need to convert them into fiat currency.Other lending institutions, such as Newrez, have already followed suit with similar initiatives. However, some U.S. senators have expressed concerns that the price volatility of cryptocurrency assets could threaten the stability of the housing market. Republican Senator Cynthia Lummis has proposed the "21st Century Mortgage Act," aiming to solidify the aforementioned policy in legislative form.

Grayscale Hyperliquid Staking ETF (ticker HYPG) is officially listed on Nasdaq. Currently, there are a total of 3 U.S. HYPE spot ETFs trading.According to SoSoValue data, the total net inflow for the HYPE spot ETF in a single day is $12,149,400. Among them, the first complete trading day after the listing of HYPG saw a net inflow of $4,697,300, with a historical total net inflow of $4,697,300. The highest single-day net inflow was for Bitwise Hyperliquid ETF (BHYP), with a single-day net inflow of $7,452,100 and a historical total net inflow of $90,412,300.As of the time of writing, the total net asset value of the HYPE spot ETF is $186 million, with a net asset ratio of 1.24%, and the historical cumulative net inflow has reached $152 million. The Grayscale Hyperliquid Staking ETF supports cash or physical redemption, with a management fee rate of 0.29%, and allows for additional earnings through staking HYPE; its redemption is based on a basket of 10,000 shares, and physical redemption is limited to authorized participants.

According to CoinDesk, Reza Bundy, CEO of Atlas Capital supported by "Dr. Doom" Nouriel Roubini, warned that Bitcoin could drop 70% to the range of $26,000 to $30,000 within six months, before rebounding to $150,000 to $500,000 over the next few years. Bundy's pessimistic forecast is based on data analyzed together with Roubini. Roubini accurately predicted the 2008 subprime mortgage crisis and has been bearish on Bitcoin for a long time.Bundy believes that Bitcoin has failed as an inflation hedge and is currently just a highly volatile risk asset, fluctuating in sync with tech stocks. However, Bundy still believes in Bitcoin's value storage properties, with a long-term bullish outlook based on four economic scenarios: if the global economy grows steadily, Bitcoin will reach $150,000 to $250,000; if governments print money to pay off debts leading to high inflation, Bitcoin will reach $250,000 to $500,000; under global conflict, it will prove its safe-haven value; if a deflationary recession occurs, Bitcoin will remain weak until central banks inject liquidity.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0028%. Among the current mainstream exchanges, the rate on Binance is 0.0047%, OKX is 0.003%, Bybit is -0.0013%, and Gate is 0.0052%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0009%. Among the current mainstream exchanges, the rate on Binance is 0.0012%, OKX is 0.0037%, Bybit is -0.0024%, and Gate is 0.0068%.

The U.S. cryptocurrency market structure bill, the "Clarity Act," is a "support for regulation, support for enforcement" bill that rebuts criticisms from some law enforcement agencies regarding its inadequacy in preventing financial crimes. As the midterm elections approach, the time window for Congress to pass this bill is narrowing. Senator Cynthia Lummis warned that if progress is not made this year, the bill may not be seriously reconsidered until after 2030. Currently, the Clarity Act still faces multiple controversies, including stablecoin yield arrangements, conflicts of interest arising from Trump-related cryptocurrency businesses, and whether anti-money laundering standards are stringent enough.The latest version also incorporates the "Blockchain Regulatory Certainty Act" (BRCA) pushed by DeFi supporters, aimed at clarifying that non-custodial developers should not be regarded as money transmitters. However, some law enforcement groups and lawmakers are concerned that the BRCA and certain provisions of the bill may weaken the ability to track illegal funds and recover victims' assets. Witt stated that lawmakers have responded to these concerns before the Senate Banking Committee vote and added provisions to strengthen regulatory and enforcement foundations.

According to Jinshi reports, Federal Reserve's Daly stated that the current monetary policy is in good shape, but the economic situation is too uncertain to clearly determine the direction of interest rates. She pointed out that providing forward guidance at this time is not appropriate, and the inflation issue is particularly concerning, especially with rising energy and food prices. Daly also mentioned that although there is no clear evidence that artificial intelligence has improved productivity, she remains optimistic about the technology and believes that 2027 will be a key year.

Grayscale's research director Zach Pandl stated that after Strategy disclosed the sale of 32 BTC on June 1, it triggered a new round of volatility in the BTC market. He pointed out that the scale of the sale itself is not important, as Strategy still holds approximately 840,000 BTC on its balance sheet, valued at about $5.5 billion. However, as one of the largest digital asset treasury managers in the world, its strategic shift puts pressure on market sentiment.Pandl believes that more importantly, the recent volatility affects the price of Strategy's variable rate preferred stock tool STRC. STRC is designed to maintain a price of about $100 per share, with a current dividend yield of 11.5%. If the stock price falls below $100, it means investors are demanding a higher return. Strategy can increase dividends, but this will increase future cash flow obligations and may lead to more BTC sales, further suppressing BTC prices. Strategy's leveraged business model is under pressure, increasing volatility across the entire BTC market.At the current levels of STRC and MSTR stock prices, Grayscale believes that Strategy's ability to continue accumulating more BTC is limited. However, Grayscale believes that in the long term, reducing the BTC on the leveraged digital asset treasury balance sheet and allowing more BTC to be distributed across diversified corporate balance sheets will benefit the health of the Bitcoin ecosystem. But before a sustainable bottom for BTC prices is formed, other buyers need to enter the market. Grayscale expects BTC prices to recover in the coming months, but in the short term, BTC's performance may lag behind other segments of the crypto market that directly benefit from regulatory clarity.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0023%. Among the current mainstream exchanges, the rate on Binance is 0.0039%, OKX is 0.0044%, Bybit is 0.0006%, and Gate is -0.0014%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0%. Among the current mainstream exchanges, the funding rate for Binance is -0.0011%, OKX is 0.0002%, Bybit is -0.0001%, and Gate is 0.002%.

According to CoinDesk, U.S. Senator Cynthia Lummis, along with several Senate Republicans, urged financial regulators to abolish the 1,250% punitive risk weight set by the Basel Committee on digital assets and to establish a new capital framework so that banks can meaningfully participate in the cryptocurrency market.