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Recently, Bybit launched Percentage of Volume (POV) orders on its contract platform, which helps reduce slippage and market impact by dynamically splitting large orders into sub-orders and adjusting the execution pace based on real-time market transactions and liquidity, thereby enhancing transaction stability in volatile markets.Unlike traditional execution methods that are solely based on transaction volume, Bybit introduces a POV trading model based on order book depth and offers three modes: transaction volume, counterparty liquidity, and same-side liquidity, allowing traders to optimize execution according to their strategy needs. This feature is now available to eligible contract users.

The surge in crude oil has triggered a reshuffle of funds, with the gold and silver markets showing significant high-level fluctuations and short-term corrections. According to data from the Gate platform, silver (XAG) is currently priced at $75.10, down 0.42% in 24 hours; gold (XAU) is priced at $4486.96, with a 24-hour decline of 0.25%. According to Coinglass data, the Gate XAG contract position reached $45.6903 million, ranking second in the entire network; the Gate XAU contract position reached $137 million, also ranking second.Gate pioneered the trading sector for metal perpetual contracts and CFD contracts, covering mainstream metal trading targets such as gold, silver, and platinum, supporting 24/7 trading and USDT settlement. Relying on Gate's innovative unified account system, users can configure diverse assets such as stocks, metals, foreign exchange, indices, and commodities without cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout in volatile markets.

According to on-chain analyst Onchain Lens, as the market declines, the 3x BTC short position of the whale pension-usdt.eth currently has an unrealized profit exceeding $3.2 million and has begun to close positions. Meanwhile, this whale has also opened a new 3x ETH short position, and the position continues to increase.

Gate Europe successfully held the "Capital Social at Money20/20 Europe" industry exchange event. The event was jointly organized by Gate Institutional, Gate Fiat, and Gate Pay, attracting over 150 professionals from the fields of payment, OTC, institutional trading, and fintech to discuss the integration trends of digital assets and traditional finance, as well as opportunities for institutional market development.During the event, the senior team of Gate and industry guests engaged in discussions on topics such as the integration of fiat currency and digital assets, institutional liquidity, cross-border payments, and institutional-level settlement. Partner Utexo conducted specialized discussions on institutional liquidity, fiat infrastructure, and payment collaboration. In a roundtable discussion themed "Everything Capital," attendees focused on topics such as capital flow efficiency, the construction of institutional payment networks, the evolution of OTC market structure, and innovations in cross-border settlement.This event provided a deep communication platform for traditional financial institutions, payment companies, and participants in the digital asset industry.Currently, Gate Group's Malta entity Gate Europe has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), continuously advancing its compliance layout in Europe and strengthening its infrastructure capabilities in institutional payments, fiat channels, and cross-border settlement. As the industry moves towards a higher level of compliance and institutional development, Gate will continue to deepen global industry collaboration and promote the integration of digital assets and traditional finance.

According to monitoring by Lookonchain, a certain trader achieved 23 consecutive wins in BTC trading over the past 3 days, accumulating a profit of 1.23 million dollars. Subsequently, they opened a new short position of 1,040 BTC (70 million dollars) with 20x leverage, currently facing an unrealized loss of 874,000 dollars, with a liquidation price of 70,084.9 dollars.

Since this week, Bitcoin has experienced a wave of panic selling under the shadow of Strategy's coin selling and the diversion of AI funds, dropping over 10% from a peak of $74,000, and has now fallen back to the low range for this year.It is worth noting that during this period, the open interest in Bitcoin's coin-denominated contracts has risen against the trend, currently reported at 784,400 coins, close to a historical high. In response to this phenomenon, the well-known trader Killa, who predicted the peak of this bull market in May 2025, stated that this often indicates a key top or bottom, warranting high attention.

According to Jinshi reports, the OECD stated that if economic turmoil continues, central banks in various countries are expected to raise interest rates by 50 to 75 basis points.

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated yesterday that Bitcoin is currently forming an expanding triangle pattern, which is relatively common and usually reliable in Bitcoin's history, with a target based on projecting the height of the pattern from the breakout point.According to the measurement rules for the expanding triangle: Target = height of the pattern projected downward from the breakout point. The attached diagram shows a widening triangle (with the upper and lower bounds gradually diverging). The breakout point is roughly around $74,000 (marked as 74,395 in the diagram), and after projecting the height of the pattern (from the highest point to the lowest point of the widest part of the triangle), the arrow points to the area around $56,000.

According to official social media news, Huobi HTX will hold a live broadcast today at 20:00 (UTC+8) on the theme "ETF Continuous Outflow, Bitcoin Decoupling from US Stocks ------ Are Institutions Running or Waiting?" At that time, crypto KOLs such as Sasaki Hoshino, Sevth7, Kid, and Grace will engage in an in-depth discussion around recent continuous outflows of Bitcoin ETF funds, the decreasing correlation between BTC and US stocks, and changes in institutional capital allocation logic, jointly analyzing current market sentiment and capital flows, and exploring the future direction of the crypto market.

Unitas Labs announced that its interest-bearing gold asset XGLD officially launched today. It is reported that this asset is backed 1:1 by physical Tether Gold (XAUt).The official statement indicates that XGLD aims to break the limitations of traditional gold with zero yield. Users can gain exposure to gold prices while continuously earning passive income through Unitas strategies, thereby further integrating gold assets into the DeFi ecosystem.

Bitget was invited to attend the Trading Expo and was awarded the "Best Multi-Asset Trading Platform" award. This award is primarily evaluated based on dimensions such as asset coverage, richness of trading products, platform liquidity, user experience, globalization service capability, and product innovation, reflecting the industry's recognition of Bitget's contribution to the multi-asset trading ecosystem, and further confirming the ongoing influence of its UEX panoramic exchange strategy in the market.During the event, Bitget CEO Gracy Chen delivered a keynote speech titled "Why Blockchain Will Completely Change Finance." She stated that blockchain is reshaping global financial infrastructure, evolving financial markets towards a more open, efficient, and globally accessible direction, from asset issuance and trading matching to clearing and settlement. With the development of multi-asset trading products such as tokenized stocks, stablecoins, on-chain financial products, and CFDs, the boundaries between traditional finance and the crypto market are accelerating their convergence, allowing users to participate in global market opportunities within a more unified account system.

According to CoinDesk, the Bitcoin Fear Index BVIV surged nearly 20% on Tuesday, marking the largest single-day increase since February 5. BVIV measures the 30-day implied volatility of Bitcoin, and this surge to 46.45% indicates that panic has re-emerged in the market after two months of calm.For the past two months, the sentiment in the Bitcoin market has remained calm, even as it fell from a May high of $82,000 to $75,000 last week, with BVIV hovering around 40%, the lowest point of the year, indicating that the decline at that time was orderly selling rather than panic. However, on Tuesday, the spot price of Bitcoin dropped over 6% to $66,000, causing BVIV to spike sharply. The index's trend increasingly resembles Wall Street's VIX Fear Index, showing an inverse correlation with the spot price of Bitcoin. Whether Tuesday's significant surge is just a one-day fluctuation or the beginning of a sustained volatility cycle remains to be seen.

According to Onchain Lens monitoring, a giant whale opened a long position of 41,113 SPCX with 1x leverage, worth 4.04 million dollars.

According to CoinDesk, Mastercard is expanding its settlement network to support regulated stablecoins, planning to offer stablecoin settlement, intraday settlement, weekend and holiday settlement services to meet the demand for real-time fund flow.The new framework will run in parallel with existing fiat settlement processes, aiming to provide financial institutions with more flexible liquidity management. Mastercard will initially support Circle's USDC, Paxos-issued PYUSD, USDG and USDP, Ripple's RLUSD, and SoFiUSD, covering blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. Financial institutions such as Cross River, Lead Bank, CBW Bank, ARQ, and Nuvei will be among the first participants.

DeepSeek plans to raise approximately $7 billion in its first round of financing, with a valuation of up to $59 billion. Tencent and CATL will become DeepSeek's largest external investors; NetEase and JD.com also plan to participate in the investment.

The cryptocurrency trading platform SuperEx announced that it will officially launch the SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT U-based perpetual contract trading pairs on June 3 at 11:00 Beijing time (03:00 UTC).It is reported that the newly launched contract trading pairs support full margin, cross margin, and split margin modes, and users can experience trading through SuperEx's web and app platforms.

According to Lookonchain statistics, as the cryptocurrency market continues to decline, the unrealized loss of Bitmine, an Ethereum reserve company supported by Tom Lee, has exceeded the unrealized loss of Strategy's Bitcoin holdings.Data shows that Bitmine currently holds 5,416,901 ETH, valued at approximately $10.03 billion at current market prices, resulting in an unrealized loss of about $8.9 billion compared to the purchase cost.Meanwhile, Strategy, led by Michael Saylor, holds 843,706 BTC, with a current market value of approximately $56.26 billion, resulting in an unrealized loss of about $7.6 billion.

According to crypto journalist Eleanor Terrett, the final text of the compromise on Section 702 of the Foreign Intelligence Surveillance Act (FISA), proposed by Senate Intelligence Committee Chairman Tom Cotton, includes a Federal Reserve CBDC ban that was originally part of the housing bill. This text is expected to ultimately become law. Notably, the termination date of the ban has been moved up from December 31, 2030, to June 12, 2029.

According to a report by Reuters, SpaceX plans to set the initial public offering (IPO) price at $135 per share, intending to issue approximately 555.6 million shares, raising up to $75 billion, corresponding to a company valuation of about $1.75 trillion. If successfully completed, it will become one of the largest IPO projects in the history of the global capital market.The report states that SpaceX's roadshow will kick off this Thursday. Unlike traditional IPOs that usually provide a price range first, SpaceX has clarified its target issue price before the roadshow, which is a relatively rare arrangement. The market expects this roadshow to become one of the most closely watched IPO promotional events in recent years.It is noteworthy that SpaceX has previously completed a merger with xAI, forming a comprehensive platform covering aerospace, satellite communications, and artificial intelligence businesses. The raised funds will primarily be used to expand AI computing power infrastructure and further develop the Starlink satellite network.According to reports, SpaceX is also considering allocating up to about 30% of the offering shares to retail investors to meet market demand and expand the shareholder base. At the same time, Elon Musk will be required to hold his shares for at least 366 days after the IPO to signal a long-term holding commitment to the market.