asset

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 The Block, the Web3 asset management platform XEFFY announced the completion of a $20 million financing round, which includes $5 million in angel funding and $15 million in a private round supported by early strategic investors.The funds will be used to develop its Vault management platform, expand the on-chain real-world asset (RWA) infrastructure, and support early RWA projects through the XEFFY fund to expand the global ecosystem. The platform combines market-neutral Vault strategies with dedicated on-chain RWA infrastructure built for retail and institutional users.Currently, the tokenized RWA market is expected to exceed $30 billion by 2025, with institutions like BlackRock and Fidelity already deploying related products. The XEFFY platform has approximately 200,000 community members on X, Telegram, and Discord, and its Asia-Pacific ambassador program has about 200 contributors.

According to Jinshi reports, Russian President Putin stated that the "theft" of Russian assets has affected the US dollar and the euro.

According to Jinshi, the Director of the National Economic Council of the White House, Hassett, stated that the Federal Reserve should not raise interest rates and pointed out that there will be room for rate cuts. He mentioned that the Federal Reserve has been lagging behind the situation, and there is still a lot of room for rate cuts.

Bitget CEO Gracy Chen recently elaborated on Bitget's strategic layout in the field of tokenized assets during an online AMA titled "The Future of RWA" hosted by Reality. She revealed that since proposing the Universal Exchange (UEX) strategy in early 2025, Bitget has been accelerating its evolution from a traditional crypto exchange to a platform covering all categories of assets. During a meeting with the COO of BlackRock, she introduced the "10% Vision": it is expected that by 2030, approximately 10% of global financial assets will exist in tokenized form. Currently, the penetration rate of tokenized stocks is only 0.01%, indicating a significant incremental space in traditional financial markets, which is precisely the trend that Reality is built upon.Gracy summarized "why now" as the convergence of five major trends: stablecoins have become a global settlement channel, especially in regions where fiat currencies are weak, creating demand for dollar-denominated investment products; there is a surge in user willingness for diversified asset allocation; blockchain performance, custody, compliance, and market maker systems are maturing; regulatory frameworks in the US, Europe, and Hong Kong are moving from ambiguity to structured clarity; and the market's demand for capital efficiency is driving the release of new liquidity in tokenized assets.When discussing the pain points of the tokenized stock market, Gracy stated that some existing issuers often cause a deviation between the token price and the underlying asset price when handling corporate actions such as dividends and stock splits. The Reality platform is focused on addressing this issue by strictly aligning the Net Asset Value (NAV), supporting the mapping of dividends and corporate actions, and enhancing the consistency between tokenized assets and the real underlying assets. She also revealed that Bitget will continue to expand asset categories and further improve the UEX Universal Exchange ecosystem.

In the past week, global crypto ETFs recorded net outflows for two consecutive weeks, with a cumulative outflow of $2.54 billion. Against the backdrop of adjustments in macro interest rate expectations, institutional risk appetite has contracted, but traditional financial assets such as stocks still maintain strong attractiveness.Data shows that the Gate TradFi Perp market exhibits significant asset rotation characteristics, with metals remaining the main trading sector, and daily trading volume once approaching $550 million to $600 million; meanwhile, the trading volume share of stock contracts continues to rise, indicating that the market's demand for allocation in U.S. stock-related assets is increasing. In the context of continued activity in AI tech stocks and U.S. stock indices nearing historical highs, TradFi Perp is gradually evolving from a single gold trading market to a dual-core structure of "gold + U.S. stocks."As institutional funds accelerate their allocation to stocks, ETFs, and other TradFi assets, Gate continues to promote the integration of TradFi assets and the construction of a multi-asset trading ecosystem, continuously strengthening its capability to provide institutional-level global asset allocation services, offering professional investors a more efficient one-stop cross-market trading solution.

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.

Plume has partnered with the Ethereum liquid staking protocol ether.fi to launch a new RWA yield vault, providing ether.fi users with opportunities to earn tokenized returns on real-world assets. Plume stated that ether.fi has exclusively allocated $100 million to this vault, sourced from its liquidity provider base, as well as managed capital from existing yield products such as liquid ETH, liquid USD, and liquid BTC.A representative from ether.fi mentioned that there is strong market demand for yield products with institutional-level risk control and lower DeFi exposure. The vault will be directly integrated into the ether.fi application, allowing users to access previously more institutionally-focused RWA yields in a familiar interface. Plume noted that as DeFi volatility and security risks increase, users are turning to more stable on-chain yield sources.

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.

According to PR Newswire, institutional-grade digital asset data and software provider Lukka announced the acquisition of data provenance and compliance platform PEER DATA. Lukka primarily provides auditable digital asset pricing, classification, and market intelligence for funds, custodians, banks, and exchanges; PEER DATA achieves contract digitization, data usage measurement, and end-to-end traceability through its Data Book of Record (DBOR) platform and patented Daisy Chain technology.After the merger, both parties will provide financial institutions with a "control layer" covering digital assets and a broader range of data assets, uniformly supporting pricing, classification, proof of origin, licensing, and governance, while continuously expanding to scenarios such as on-chain assets and AI data consumption. The new company will continue to operate under the Lukka brand, headquartered in New York, with existing customer service unchanged.

According to The Block, Geoffrey Kendrick, the head of digital asset research at Standard Chartered Bank, stated that "the bottom has almost appeared" for Bitcoin after a recent sharp decline, with the current range of about $63,000 being a "buying range." He pointed out that since February, the overall holdings of the U.S. spot Bitcoin ETF have remained stable, with no concentrated redemptions that would raise concerns, indicating that funds are more "structurally stable."Kendrick expects that after the recent selling pressure triggered by Strategy's sale of 32 BTC, there may be a buyback at a scale of 10 times or even 100 times, following historical practices, which could signal the confirmation of a temporary low. He also cautioned that there is still a downside risk of Bitcoin falling below $60,000, but believes that buying in batches is preferable to trying to time the bottom precisely. The bank maintains its year-end targets of $100,000 for Bitcoin and $4,000 for Ethereum.

According to 8 marketcap data, Bitcoin's market value has dropped to the 16th position among global mainstream assets, currently reported at $1.26 trillion, while Ethereum's market value has fallen to the 104th position, currently reported at $211.6 billion.

Bitget officially launched the 2026 Global Anti-Fraud Month campaign in June, themed "More Assets, Stronger Protection: Safe Journey in the Multi-Asset Era." As crypto assets, tokenized stocks, AI, and other related products converge on the same platform, the security challenges faced by users have far exceeded those of the single asset era. This is the third consecutive year that Bitget has initiated this security initiative, aimed at helping users enhance their risk awareness in the multi-asset era.According to Interpol data, financial fraud related to the global multi-asset market is expected to cause losses exceeding $442 billion by 2025. As tokenized financial products accelerate their entry into mainstream trading environments, fraudulent methods have expanded from traditional phishing and SMS spoofing to new scenarios such as AI-generated scams, identity manipulation, and malicious smart contracts. Bitget CEO Gracy Chen stated that the financial system is becoming more interconnected, necessitating assistance for users to better identify risks.During Anti-Fraud Month, Bitget will successively release multiple safety science articles and video content, providing in-depth analysis of new fraud trends in the AI and RWA fields. In the later stages of the event, it will collaborate with on-chain security agencies, RWA institutions, and AI industry partners to jointly release anti-fraud reports related to multi-asset trading and AI financial risks, further expanding the coverage of user protection and risk education.

According to The Block, the U.S. Department of Justice stated that in a joint anti-fraud operation codenamed "Disruption Week," private sector participants froze over $3.8 million in cryptocurrency assets related to fraud. Participating organizations include Coinbase, Meta, Google, Microsoft, SpaceX, TRM Labs, and others.The operation also led to the arrest of 7 fraudsters by Thai police and the identification of multiple fraud platforms handed over for investigation by the U.S. authorities. Data from the FBI shows that losses reported from cryptocurrency investment fraud in 2025 increased by 24% year-on-year, exceeding $7.2 billion.

According to Jinshi, the S&P 1500 Asset Management Company Index fell by 1.8%, reaching a new low since April.

Tether has partnered with Fasset to launch the world's first gold-backed Visa debit card, allowing users to spend fiat currency at Visa merchants globally while earning up to 6% cash back in gold tokens XAUT on eligible transactions.The card supports real-time conversion of XAUT to USDT and then to fiat currency, and it also features an automatic rounding function that automatically invests transaction spare change into gold tokens XAUT, enabling passive gold accumulation in daily spending.Tether has committed to investing up to $1 million in XAUT for rewards in the ecosystem, promoting the adoption of tokenized gold in emerging markets. Currently, the total market capitalization of tokenized gold exceeds $5.3 billion, with XAUT accounting for over $2.6 billion.

The tokenized asset platform RootData has released the "Exchange Tokenized Asset Provider and License Map," systematically sorting the paths and regulatory licenses of providers and brokers in mainstream exchanges such as Binance, Gate, Bitget, and Bybit for products like real stocks, TradFi stocks, CFD contracts, and tokenized stocks. The map shows that the current stock-type assets on exchanges have gradually formed a three-tier structure: real stock spot mainly relies on a regulated brokerage system for securities execution and custody; TradFi stocks are primarily based on CFDs/Perps; tokenized stocks are mainly supported by solutions like Ondo and xStocks. Among them, Binance currently accesses Alpaca Securities through Nest Trading to provide real US stock/ETF exposure and has launched Ondo stock tokens in the Alpha zone, with plans to introduce bStocks later; Gate's real stock collaboration is with AIpaca, CFDs adopt the MT5 model, and perpetual contracts are self-operated by the platform; Bybit currently mainly uses the Backed Finance (xStocks) solution; Bitget provides 1:1 US stock/ETF tokenized products through its own Reality (rToken) brand. RootData believes that as the tokenized stock market heats up, competition among exchanges is gradually shifting from merely launching products to underlying broker capabilities, real securities custody, and regulatory license capabilities, with licensed brokers like Alpaca Securities strengthening their infrastructure roles across multiple platform ecosystems.

Bitcoin News posted on the X platform that the SEC has listed digital assets as a strategic priority before 2030, calling for the establishment of a clear regulatory framework for blockchain, tokenization, custody, trading, staking, and cryptocurrency market infrastructure.The SEC stated that blockchain technology has the potential to revolutionize the U.S. financial infrastructure and acknowledged that innovative developments have surpassed existing regulations.The plan also calls for a clearer delineation of the regulatory boundaries between the SEC and CFTC, which is a key issue for Bitcoin and the broader digital asset industry. After years of regulatory uncertainty, the SEC now officially positions digital assets as part of the future of U.S. capital markets.