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British teenager Alexander Browder stated that he has been placed on a sanctions list by the Russian Ministry of Foreign Affairs and banned from entering the country for writing a report exposing a cryptocurrency money laundering network supported by Russia.The report indicates that countries such as Russia, Iran, and North Korea launder approximately $350 billion, with a ruble stablecoin named A7A5 being one of the main issues facing Western anti-money laundering efforts. The UK Foreign Office stated that Russia uses tokens like A7A5 to evade Western sanctions and fund its military. The UK government imposed sanctions on individuals related to this network in May, which transferred over $90 billion last year. Alexander Browder expressed pride in being the first high school student globally to be sanctioned by an authoritarian regime for exposing corruption.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0025%. Among the current mainstream exchanges, the rate on Binance is 0.0045%, OKX is 0.0052%, Bybit is 0.0006%, and Gate is 0.0005%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0014%. Among the current mainstream exchanges, the rate on Binance is 0.0015%, OKX is 0.0021%, Bybit is 0.0031%, and Gate is -0.0032%.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.259 billion, with long positions of $2.109 billion, accounting for 49.52% of the total holdings, and short positions of $2.15 billion, accounting for 50.48%. The profit and loss for long positions is -$125 million, while the profit and loss for short positions is $77.739 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $42.1637 million.

According to CoinDesk, Citi analyst Alex Saunders stated in a recent report that the recent sale of Bitcoin by Strategy has caused market volatility, but the bigger issue is the lack of demand from new investors.The report pointed out that this sale by Strategy is part of a previously disclosed tax optimization plan and not a strategic shift. What is truly concerning is that the spot Bitcoin ETF has seen net outflows for 11 consecutive days, which is an important signal of weak investor adoption. Analysts estimate that ETF fund flows can explain about 45% of Bitcoin's weekly price fluctuations.In addition, the likelihood of the U.S. crypto market structure bill passing this year is decreasing, reducing potential positive catalysts. The bank believes that in the absence of regulatory progress and new capital inflows, Bitcoin market sentiment will remain subdued.

At the annual shareholder meeting held in Hsinchu, TSMC Chairman and CEO C.C. Wei stated that the global chip supply will still be unable to meet the surge in AI demand in the coming years. Even though TSMC is expanding its capacity in the United States, it will be difficult to fully meet the needs of American customers, and achieving a balance between supply and demand will take a long time.C.C. Wei reiterated that TSMC's sales are still expected to grow by more than 30% this year. The company's capital expenditure is expected to approach the upper limit of $56 billion this year, while global major hyperscale cloud service providers are expected to spend $725 billion in the AI sector. Affected by Broadcom's performance outlook, TSMC's stock price in Taipei fell slightly by 1%, but the cumulative increase over the past three years has exceeded four times. C.C. Wei also stated that the average bonus for employees will increase by more than 30% this year.

According to SoSoValue data, the cryptocurrency market shows a mixed performance, with the AI sector rising 3.59% in 24 hours. Within this sector, Worldcoin (WLD) surged 22%, while SkyAI (SKYAI) and Tagger (TAG) increased by 6.26% and 10.28% respectively. At the same time, the DeFi sector rose 1.93%, with Hyperliquid (HYPE) up 2.20%, briefly surpassing $75 during the day, setting a new historical high. Ethena (ENA) saw a significant increase of 21.51% due to factors such as Coinbase Ventures' initial investment in its tokens.Additionally, Bitcoin (BTC) fell again by 6.19%, briefly dropping below $62,000 during the day; Ethereum (ETH) decreased by 4.52%, falling below $1,800.In other sectors, the RWA sector rose 1.48% in 24 hours, with Ondo Finance (ONDO) increasing by 0.56%; the NFT sector rose 2.55%, with Audiera (BEAT) up 19.27%.The Layer2 sector fell by 1.04%, with Polygon (POL) rising by 0.69%; the Meme sector decreased by 1.85%; the Layer1 sector dropped by 3.67%, while Kaspa (KAS) rose by 6.30%; the PayFi sector fell by 3.73%, with Monero (XMR) increasing by 7.60%; the CeFi sector dropped by 5.14%, while Aster (ASTER) rose by 0.15%.The cryptocurrency sector indices reflecting historical market trends show that the ssiSocialFi, ssiCeFi, and ssiMAG7 indices fell by 8.61%, 5.61%, and 5.35% respectively.

According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the abolition of the "no denial" policy that had been in place for nearly 30 years. This policy, in effect since 1998, required defendants to commit to not publicly denying the CFTC's allegations when settling.CFTC Chairman Mike Selig stated that this move aligns with the overall direction of various government regulatory agencies and grants the commission greater flexibility in enforcement settlements. Previously, the SEC had taken the lead in abolishing a similar policy in May.

New stock god Serenity posted on platform X, stating that today he engaged in swing trading by buying IBIT at a price of 62,000 Bitcoin and ETHA at 1,750 Ethereum, emphasizing that this operation is for short-term swing trading, not long-term holding.Serenity pointed out that although he focuses on swing trading, the market price decline still negatively impacts related stocks such as Robinhood (HOOD) and Coinbase (COIN).

According to on-chain analyst Ai Yi's monitoring, former ConsenSys ambassador Russell Verbeeten (@rverbee) has started transferring a large amount of ETH after a year, with the source of his funds traceable back to 10 years ago, at a cost as low as $5.6. Seven hours ago, he withdrew 20,426 ETH ($37.26 million) from Aave, which was then distributed to 10 new addresses, one of which has 4,144 ETH deposited into the Coinsquare exchange, while other tokens have not yet been transferred or sold.

Drift Protocol stated that its current top priority is to restart the platform and restore revenue-generating capabilities to expedite the recovery process of user funds. After the platform restarts, it will become the largest USDT-based perpetual contract trading platform on Solana, and the related revenue will be used to support a specially established user compensation fund.Drift claims that substantial progress has been made in the restart efforts with strategic support from Tether and other partners. To enhance security, Drift announced the appointment of Noah Prince, the former head of engineering at Helium Protocol, as the protocol lead, responsible for protocol restructuring and security system upgrades.Meanwhile, former members of the Gauntlet team have also joined the restart efforts, providing risk management and treasury design support for the platform, including clearing engine reviews, funding rate optimization, market parameter adjustments, and ongoing risk monitoring. Additionally, Drift has hired the cybersecurity company Mandiant to conduct an independent forensic investigation of the attack incident.The investigation results indicate that this attack can be clearly attributed to the North Korean hacker group UNC6862, which is associated with multiple cyber attack operations. Drift stated that it will continue to prioritize security in advancing the platform restart and will announce the user compensation mechanism and specific timeline in the future.

According to Bitcoin.com, in May, the total revenue of Bitcoin miners reached $1.086 billion, breaking the $1 billion mark for the first time since January, with block subsidies accounting for $1.079 billion and transaction fees contributing minimally. However, with the decline in Bitcoin prices, miners are facing profitability pressure.Hashrate has dropped from the 1000 EH/s range to below 975 EH/s, and daily revenue per PH/s (mining price) has decreased from $37.44 a month ago to about $30.77, a decline of 17.82%. The block output interval has extended to 10 minutes and 49 seconds, and it is expected that the network difficulty may decrease by 7.5% around June 13. The proportion of transaction fees in the block reward has rebounded from less than 0.6% to about 1.16% in the past 24 hours, providing a slight buffer for miners.

According to Onchain Lens monitoring, a certain whale borrowed 10 million USDT after being inactive for 4 months and purchased 5,589 ETH at a price of $1,789. Currently, it holds 82,754 ETH, worth $147.3 million.

According to on-chain analyst Yu Jin's monitoring, the 116.3 BTC (8.25 million USD) that Mt. Gox moved the day before yesterday has all been transferred to Bitstamp exchange yesterday.

According to SoSoValue data, yesterday (Eastern Time June 3), the HYPE spot ETF had a total net inflow of $2.9867 million in a single day.Yesterday, only the 21Shares Hyperliquid ETF (THYP) had a net inflow, with a single-day net inflow of $2.9867 million, bringing the historical total net inflow to $60.2007 million.As of the time of publication, the total net asset value of the HYPE spot ETF is $192 million, with a net asset ratio of 1.19%, and the historical cumulative net inflow has reached $140 million.

According to a report titled "Stablecoins: Waiting for Regulation" released by the UK House of Lords Financial Services Regulatory Committee, the global market capitalization of stablecoins has exceeded $310 billion, but the UK pound stablecoin market is still in its infancy, and the construction of the regulatory framework is clearly lagging behind the United States (GENIUS Act) and the European Union (MiCAR).The report criticizes several aspects of the current regulatory proposals from the UK Financial Conduct Authority (FCA) and the Bank of England, focusing on:• The Bank of England's requirement for systemic stablecoin issuers to deposit at least 40% of reserve assets in non-interest-bearing central bank deposits, which the industry believes will severely harm issuers' profitability and the international competitiveness of the UK market;• The proposed holding limits (individual £20,000, corporate £10 million) are considered extremely difficult to implement and may stifle the development of the pound stablecoin market;• The T+1 redemption requirement will impose a significant operational burden on issuers;• The Prudential Regulation Authority (PRA) restrictions on deposit-taking institutions issuing stablecoins under independent brands are deemed overly stringent.The report also acknowledges the liquidity support loan mechanism proposed by the Bank of England, considering it an innovative regulatory measure that surpasses other major jurisdictions. The committee calls on regulatory agencies to strictly adhere to the established timeline, ensuring that the complete regulatory framework comes into effect as scheduled on October 25, 2027, and recommends adopting a principle-based, technology-neutral regulatory approach to achieve a reasonable balance between financial stability and market innovation.

According to Jinshi reports, Federal Reserve official Logan stated that the time required for inflation to return to 2% is too long.

According to Jinshi reports, Federal Reserve Governor Barr stated that the current policy is in good shape and may be maintained for a period of time.

According to The Block, Kraken's parent company Payward's xStocks framework will launch a service that allows Kraken and partner platform users to participate in U.S. stock IPOs at the offering price and receive on-chain tokenized shares corresponding 1:1 with the underlying stock, which is held by a regulated custodian.Users can submit non-binding subscription intentions through partner platforms weeks before the IPO. Payward will aggregate demand and collaborate with the underwriting team to allocate shares, completing pricing, allocation, and token issuance on the listing day.xStocks tokens can circulate across multiple chains such as Ethereum, Solana, and TON, and can be used in combination with DeFi protocols.

According to Fortune, the crypto-focused venture capital firm Variant has completed the fundraising of its new fund, Variant 4, totaling $222 million. The fund will invest in projects at their earliest stages, focusing on the theme of "autonomy" to integrate AI and crypto applications.Partner Jesse Walden stated that in the future, the label "crypto investor" will disappear, and crypto will become a universal "underlying pipeline" like internet infrastructure. The core is to provide users and businesses with greater autonomy and security through decentralized and contract security architecture, supporting the development of applications including DeFi platforms Uniswap and Morpho.