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According to Coinglass data, the total contract open interest for ETH has decreased by 11.92% in the past 24 hours, with the current total open interest at $23.444 billion. Among them, Binance's open interest is $5.324 billion, OKX's open interest is $1.458 billion, Bybit's open interest is $1.585 billion, and Gate's open interest is $2.797 billion.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.37% in the past 24 hours, with the current total open interest at 45.539 billion USD. Among them, the open interest for Binance is 8.447 billion USD, for OKX is 2.657 billion USD, for Bybit is 4.171 billion USD, and for Gate is 3.323 billion USD.

The full text of Nick Begich's Strategic Bitcoin Reserve bill has now been published online.

According to Jinshi reports, Lindsay Rosner, the head of multi-sector fixed income investments at Goldman Sachs Asset Management, stated that recent data indicates the Federal Reserve does not need to worry about labor market issues and will focus on inflation concerns. The duration of the Iran war will ultimately determine the Federal Reserve's next actions.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.86% in the past 24 hours, with the current total open interest at $24.862 billion. Among them, the open interest on Binance is $5.504 billion, on OKX is $1.577 billion, on Bybit is $1.689 billion, and on Gate is $3.295 billion.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.27% in the past 24 hours, with the current total open interest at 45.913 billion USD. Among them, Binance's open interest is 8.323 billion USD, OKX's open interest is 2.836 billion USD, Bybit's open interest is 4.156 billion USD, and Gate's open interest is 3.608 billion USD.

Michael Saylor, founder and executive chairman of Bitcoin Strategy, published an article on the X platform, stating that the Bitcoin ecosystem is gradually differentiating into four core ideologies: Bitcoin Maximalists, Bitcoin Capitalists, Bitcoin Technologists, and Bitcoin Fundamentalists.Among them, Maximalists emphasize Bitcoin as the globally dominant digital currency network; Capitalists advocate for Bitcoin's deep integration into banks, enterprises, and capital markets; Technologists support cautiously advancing protocol upgrades to enhance scalability, security, and functionality; and Fundamentalists focus on self-custody, node operation, decentralization, and protocol immutability.Saylor believes that the four ideologies correspond to the four forces of "belief, adoption, innovation, and guardianship." The future of Bitcoin should not choose between purity and adoption rate, or innovation and stability, but should achieve balance through "disciplined expansion": maintaining the stability and decentralization of the underlying protocol while placing most innovations on top of layer two networks, custody, credit, and capital market infrastructure.

Recently, the positive overlap mapping of Marvell (MRVL) called out by NVIDIA CEO Jensen Huang has led to unprecedented funding attention for both AI chip companies in the derivatives market, with significant increases in stock prices and trading volumes.According to Gate market data, NVIDIA (NVDAX) is currently priced at $215.19, with a nearly flat 24-hour price change; Marvell Technology (MRVL) is currently priced at $299.03, up 0.97%. CoinGlass data shows that the 24-hour trading volume of NVDAX contracts on the Gate platform reached $4.3017 million, ranking first in the entire network; MRVL contracts had a 24-hour trading volume of $6.3152 million, also ranking among the top.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.

According to Onchain Lens monitoring, a certain whale has become active again after being silent for 3 years, depositing 20,000 ETH (approximately 33.28 million USD) out of the 38,554 ETH (approximately 64.28 million USD) it holds into Aave V3, borrowing 30 million USDT, and purchasing 17,826 ETH at a price of 1,683 USD each for a circular lending operation. Currently, this whale holds a total of 56,380 ETH, valued at approximately 94.04 million USD.

According to CoinGlass data, the total contract trading volume of Apple (AAPLX) across the network reached $7.0398 million in 24 hours, with a total contract open interest of $2.2562 million. Among them, the contract trading volume on the Gate platform exceeded $522,000, ranking second in the network; the contract open interest reached $1.26 million, ranking first in the network. In addition, the total contract trading volume of Meta (METAX) across the network reached $1.2616 million in 24 hours, with a total contract open interest of $1.5461 million. Among them, the contract trading volume on the Gate platform was approximately $524,000, ranking second in the network; the contract open interest was approximately $918,000, ranking first in the network.As technology stocks continue to be the focus of the market, Gate Live will hold the fifth themed live broadcast of "U.S. Stock Investment Week" on June 5 at 20:00 (UTC+8), focusing on this week's U.S. stock hotspots, AI and technology stock performance, as well as future market opportunities and potential risks, and introducing Gate's pre-market and after-hours trading features. During the live broadcast, interactive sessions and a lottery will also be opened.Gate stocks have launched pre-market and after-hours trading features, extending trading hours to 16×5, and fully integrating the VIP tier system. Users only need to hold $2,000 to easily upgrade to VIP status, enjoying an exclusive trading fee of as low as 0.023% and 1V1 customer manager service. Relying on Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

According to Coinglass data, the total liquidation of ZEC contracts across the network in the past 24 hours reached 107 million USD, with long positions liquidated at 76.59 million USD and short positions liquidated at 29.98 million USD, with the liquidation amount only less than that of BTC and ETH. In the past 24 hours, the total trading volume of ZEC contracts across the network surged by 89.28%, reaching 11.555 billion USD; the open contract positions decreased by 38.56% to 836 million USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.18% in the past 24 hours, with the current total open interest at $25.082 billion. Among them, the open interest for Binance is $5.434 billion, OKX is $1.588 billion, Bybit is $1.722 billion, and Gate is $3.481 billion.

Affected by profit-taking from AI concept assets and a decline in market risk appetite, Bitcoin has fallen to around $62,000, a cumulative drop of nearly 16% from last week's high of over $74,000. Market analysis suggests that if it falls below the key level of $60,000, the next key technical support for Bitcoin may be around $55,000. In addition, the U.S. spot Bitcoin ETF has recorded net outflows for 15 consecutive trading days, totaling over $4.7 billion, while Strategy disclosed this week that it sold Bitcoin for the first time since 2022, further weakening market expectations for institutional buying.

According to the official announcement, Bitget has now launched U-based ZEST and BTW perpetual contracts, both supporting up to 10x leverage, and the contract trading Bot will be opened simultaneously.

Recently, the metal market has experienced a pullback after an earlier rise, with both gold and silver prices under pressure. According to market data from the Gate platform, silver (XAG) reached a high of $75.16 in 24 hours and is currently reported at $72.52; gold (XAU) reached a high of $4517.28 in 24 hours and is currently reported at $4440.99. According to CoinGlass data, the trading volume of Gate XAG contracts in 24 hours reached $109 million, with a contract open interest of $64.6058 million, both ranking among the top two in the industry; the open interest of Gate XAU contracts reached $116 million, also ranking among the top two in the industry.

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.

Terry Duffy, the CEO of the Chicago Mercantile Exchange Group, expressed great concern about the recently approved perpetual contracts by U.S. regulators. Terry Duffy stated that perpetual contracts have almost no practical use for institutional investors, yet expose retail investors to excessive risk. He completely disagreed with the CFTC's decision to approve the first batch of crypto perpetual contracts after a rapid review and mentioned that he had called the CFTC chairman to express his concerns.Terry Duffy warned that perpetual contracts and prediction markets are triggering a speculative frenzy among retail investors, which could lead to an impending disaster. The first batch of perpetual contracts approved by the CFTC is listed by Kalshi, and several U.S. exchanges are also discussing launching their own perpetual contracts.

According to Coinglass data, the total contract open interest for BTC has decreased by 6.72% in the past 24 hours, with the current total open interest at $47.347 billion. Among them, the open interest for Binance is $8.603 billion, OKX is $2.991 billion, Bybit is $4.292 billion, and Gate is $3.681 billion.