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Former Dragonfly investor and Delphi Digital researcher Robbie Petersen announced on the X platform that he will soon join a16z Crypto as an investment partner. Petersen stated that his core belief in cryptocurrency has always remained unchanged: if one believes in the arc of technology adoption trending towards efficiency, market forces will inevitably reveal that blockchain is the most efficient technology for global coordination. This trend has already been reflected in stablecoins, perpetual contracts, prediction markets, and tokenized assets. He believes that the only bottleneck preventing blockchain from engulfing other global markets and creating entirely new markets is time. Petersen pointed out that the gap between sentiment and fundamentals in the cryptocurrency market has never been so wide, which makes him more bullish than ever.

Janus Henderson Investors, managing assets of $480 billion, announced a multi-faceted collaboration with the synthetic dollar protocol Ethena.Integrating its AAA-rated collateralized loan obligation (CLO) product JAAA strategy into the USDe reserve portfolio, introducing institutional-grade credit exposure.Making a strategic investment in Ethena's governance token ENA through its blockchain investment division ANTIK, with the amount undisclosed.Committing to incorporate the staked version of sUSDe into the company's financial cash management to earn native protocol yields.Both parties will jointly develop regulated investment tools for USDe and ENA (including ETFs and ETPs), aiming for a launch in the second half of 2026.According to DefiLlama data, the Ethena protocol's TVL is approximately $4.95 billion. Following the announcement, the market reaction was muted, with ENA dropping about 7% to around $0.082, giving it a market capitalization of approximately $760 million. This collaboration makes Janus Henderson the traditional asset management company with the deepest integration with Ethena to date.

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 CoinDesk, Wall Street brokerage Bernstein released a research report indicating that the main driver of Bitcoin's price weakness in 2026 is a slowdown in capital flows, rather than the market's concerns about the threat of quantum computing.The report shows that this year, Bitcoin treasury companies and ETFs attracted approximately $12 billion in inflows, a significant decrease from $60 billion in 2025; ETFs recorded about $2.6 billion in net outflows based on an asset scale of $75 billion, with new demand primarily coming from corporate buyers represented by Strategy (MSTR). Bernstein analysts attribute the slowdown in funds to a large influx of retail investors into AI-related assets, with this year's strongest performance in the crypto market concentrated in tokenized stocks and commodities.Nevertheless, analysts believe that the scale of ETF outflows remains moderate, and the structure of Bitcoin investors has shifted from being dominated by retail investors to a more diverse group including ETFs, corporate treasuries, wealth management platforms, pension funds, and sovereign investors, resulting in a healthier market structure, with the long-term value storage logic remaining intact.

According to Jinshi reports, Capital.com analyst Daniela Hathorn stated in a report that investors are closely watching the upcoming inflation data to assess the potential direction of future central bank interest rate decisions.She pointed out that market expectations for a rate hike by the Federal Reserve before the end of the year have risen significantly over the past week, so the inflation data could reinforce or challenge this repricing expectation. LSEG data shows that investors have fully priced in a 25 basis point rate hike by the Federal Reserve by the end of 2026.

Russian Deputy Finance Minister Ivan Chebeskov stated that Russia may introduce fees, recommendations, and technical protection mechanisms for "unfriendly" cryptocurrency transactions to protect Russian investors. During the preparation for the second reading of the cryptocurrency market regulation bill, one of the core topics is whether to allow specific digital assets (including USDT and BNB) to participate in trading. Ivan Chebeskov pointed out that the operation of such tools may pose high risks to Russian users, and therefore additional protective measures are being considered, including economic incentives such as fees or recommendations to encourage citizens to hold other assets.Previously, the Russian Ministry of Finance considered excluding USDT from the cryptocurrency market regulatory framework, but industry participants expressed their willingness to bear the risks of using the tool themselves. Additionally, in the regulatory concept proposed by the Central Bank of Russia last December, it was suggested that digital currencies and stablecoins be classified as foreign exchange assets, allowing buying and selling but prohibiting their use for domestic payments for goods and services. Ineligible investors may purchase the most liquid cryptocurrencies after passing specific tests, and the annual limit for purchasing assets through a single intermediary does not exceed 300,000 rubles.

Bitwise CEO Hunter Horsley stated that participants in the cryptocurrency industry should "broaden their perspective." Unless they are short-term traders, investors should not overly focus on weekly or monthly price fluctuations.Instead, the focus should be on two aspects: first, the substantive progress of the project itself, and second, the longer-term annual performance. This includes on-chain usage, technological advancements with product-market fit, integration of large enterprises and institutions in the field, construction and implementation status, as well as core factors such as team quality and execution capability.Although the market will not show linear development, the fundamentals of the industry are continuously and significantly improving from 2022 to 2026. Investors should recognize that this is a long-term process, and the final outcome will be determined by the fundamentals.

According to Crypto Briefing, the Central Bank of Russia has rejected the proposal to immediately expand access to cryptocurrencies, not allowing non-qualified investors to trade cryptocurrencies other than Bitcoin, Ethereum, and USDT. Vice President Vladimir Chistyukhin stated that after the new regulations come into effect, only these three mainstream digital currencies will be allowed for trading.Chistyukhin pointed out that the high volatility of cryptocurrencies, market risks, and the possibility that stablecoins may be restricted or frozen are reasons for maintaining strict limits. These rules are part of Russia's digital currency legislation, which is expected to come into effect next month after being overwhelmingly passed in the first reading by the State Duma in April. Regulators also intend to maintain the proposed investment cap of 300,000 rubles.As part of the proposed rules, both qualified and non-qualified investors must pass a mandatory knowledge test before purchasing any digital assets. From 2027, unauthorized cryptocurrency lending will be prohibited. The bill still needs to go through a second reading, a third reading, approval from the Federation Council, and presidential signing to become law.

According to CoinDesk, despite market speculation that some retail investors may sell Bitcoin to participate in SpaceX's record-breaking $75 billion IPO, stablecoin liquidity and on-chain data show that there are currently no signs of large-scale capital withdrawal from the crypto market.This SpaceX IPO is valued at approximately $1.8 trillion, allocating up to 30% of shares to retail investors through platforms such as Robinhood, Fidelity, and Charles Schwab, significantly higher than the traditional IPO's allocation of about 10% to individual investors. After the roadshow began, subscription demand has exceeded the issuance scale.Data shows that the outflow of USDT and USDC remains within the normal range since February this year, with no abnormal redemptions or supply contractions. In contrast, on June 6, Bitcoin and Ethereum recorded net outflows of approximately 66,470 BTC and 2.49 million ETH from exchanges, indicating that more investors are transferring assets to private wallets, showing signs of buying the dip rather than concentrated cashing out.However, on-chain data cannot reflect the trading behavior of users on platforms like Robinhood and Coinbase, so whether crypto investors are selling assets to subscribe to SpaceX stock still requires waiting for relevant brokers to release subsequent data.Currently, the most significant capital outflows are coming from spot ETFs. Data shows that as of June 3, U.S. spot Bitcoin ETFs have experienced net outflows for 13 consecutive trading days, with total redemptions of approximately $4.4 billion; spot Ethereum ETFs have seen capital outflows for 17 consecutive trading days before returning to slight net inflows.According to the plan, SpaceX will complete pricing on June 11 and will be listed on Nasdaq under the stock code SPCX on June 12.

According to Bloomberg, informed sources say that underwriters for SpaceX's approximately $75 billion initial public offering (IPO) have been told not to accept subscription orders from investors in mainland China and Hong Kong, due to U.S. restrictions on the export of critical technologies. The lead underwriter for the transaction has further notified other banks in the underwriting syndicate that clients from mainland China and Hong Kong, including private banking clients, are not allowed to participate in placing orders.The report states that this move is primarily due to regulatory and compliance risk considerations, and the related arrangements have not been publicly disclosed.

According to a post by on-chain detective ZachXBT, the prediction market project Rain Protocol ($RAIN), with a market capitalization of approximately $8.8 billion, is facing serious risks. ZachXBT discovered through tracking on-chain addresses that the funding sources of the RAIN team are linked to the Gems hot wallet, and the related addresses had previously transferred funds for failed projects DOP and TOMI, suggesting potential team overlap.TOMI, DOP, and Sirin Labs can all be traced back to the controversial Israeli businessman Moshe Hogeg, who was arrested in 2021 for crypto fraud and was charged by police in 2023 for allegedly being involved in a $290 million crypto scam. Additionally, the price of the RAIN token appears to be subject to on-chain manipulation, with its TVL almost entirely composed of its own native token, which has extremely poor liquidity, and annual fee income of only about $1 million.The launchpad Gems.vip, which incubated several of the aforementioned projects, is reportedly preparing for a new round of presales for the Kai Platform, while the whereabouts of the $162 million raised by DOP remain unclear, with ongoing complaints from retail investors.

According to Cointelegraph, CoinShares analyzed quarterly 13F filings and found that professional investors reduced their Bitcoin ETF exposure from 313,000 BTC to 261,000 BTC in the first quarter, a decrease of 52,000 BTC, or 17%. The total value of these holdings fell by 35% to $17.8 billion, while the share of U.S. Bitcoin ETF assets held by 13F filers dropped from 24.7% to 20.8%.The sell-off was mainly concentrated among hedge funds and brokerages, which accounted for about 96% of the total reduction. Hedge funds reduced their holdings by 31,400 BTC (a decrease of 39%), while brokerages cut their holdings by 18,800 BTC (a decrease of 53%). In contrast, the largest category of professional investors—investment advisors (holding 150,300 BTC)—only reduced their holdings by 5.9%. Banks, on the other hand, more than doubled their Bitcoin ETF holdings, increasing by 7,800 BTC during the quarter.CoinShares digital asset analyst Matt Kimmell stated, "This dataset is consistent with the historical performance of the Bitcoin market during downturns, with leverage and strategic positions being cleared."

According to Bloomberg, the three types of investors under Michael Saylor's Strategy—Bitcoin holders, leveraged equity traders, and preferred shareholders—are all under pressure. Strategy sold 32 Bitcoins this week, marking the first sale since the end of 2022, breaking the "never sell" promise. Bitcoin has fallen to a four-month low, and Strategy's stock price has dropped about 70% from last year's peak, with STRC preferred shares falling below the $100 par value. STRC has an annualized dividend of 11.5%, and if the market continues to weaken, the pressure to pay dividends will continue to rise.Analysts point out that increasing the dividend rate will add a $1.7 billion burden, while keeping it unchanged will lead to further price declines. Strategy will vote on Monday to change the dividend to bi-monthly payments to stabilize the price. The Chief Investment Officer of Arca stated that unless Bitcoin rebounds before the cash buffer is exhausted, it will be nearly impossible to protect all stakeholders. StoneX believes that this sale indicates that Strategy can fulfill its obligations without materially reducing its holdings.

According to a report by Reuters, Reform UK, led by Nigel Farage, raised £9.3 million in the first quarter of 2026, surpassing the fundraising scale of major UK political parties for the third consecutive quarter, with some of the funds coming from large donations by cryptocurrency investors.

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.

Notable gold supporter and cryptocurrency critic Peter Schiff posted on X, stating: "Most STRC investors may ultimately lose most of their funds, as once Michael Saylor is forced to cancel the dividend distribution, the price of STRC will eventually crash.At that time, a large number of lawsuits are likely to further exacerbate the problems faced by Strategy (MSTR). Those investors who suffered losses due to misleading promotions are expected to seek compensation through legal means to recover their investment losses."

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.

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.