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According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

Core contributors of the Zcash ecosystem, ZODL, announced that they are collaborating with Tachyon, Valar Group, Zcash Foundation, and Shielded Labs to propose a new network upgrade plan and privacy pool called Ironwood.Ironwood will be built on the existing Orchard protocol and will further enhance security through formal verification and additional independent audits.

According to CoinDesk, an address from the "Satoshi era" that has never been used since March 2011, holding 35.55 bitcoins (approximately $2.54 million), made a transfer this week, which is seen as one of the first publicly visible responses from defendants in a lawsuit involving approximately 3.8 million bitcoins (valued at about $285 billion) in New York.On-chain data shows that the address transferred 15 BTC to a new address on June 2, keeping the remaining 20.55 BTC as change. The address initially received bitcoins on March 27, 2011, when the price of BTC was less than $1.In March of this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in New York state court alongside two LLCs from Wyoming, attempting to claim ownership of approximately 3.8 million long-dormant bitcoin wallets under New York's lost property law, positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via the bitcoin OP_RETURN field.In July 2025, the advisory firm Salomon Brothers Strategic Advisors sent dust transactions with links to legal notices to 39,000 wallets, including the aforementioned address, requesting holders to prove ownership within 90 days.Alex Thorn, head of research at Galaxy Research, pointed out that the address corresponds to defendant number 38215 in the case, stating, "Clearly, these bitcoins have not actually been abandoned."Additionally, another address that had been dormant for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, also transferred 20 BTC (approximately $1.48 million) on the same day, but this address did not appear on Noah Doe's list of lawsuits.Analysis suggests that the on-chain movements mentioned above indicate that some bitcoins from the Satoshi era, considered "abandoned assets," are actually still under the control of the original holders.

According to CoinDesk, security engineer Taylor Hornby, who discovered a serious vulnerability in Zcash using the Anthropic Opus 4.8 AI model, stated that Monero (XMR) has been added to the audit queue, and more privacy coin projects will undergo security reviews in the future.Hornby previously discovered a critical vulnerability in the Zcash Orchard privacy pool on May 29, which had gone unnoticed since May 2022 and could theoretically allow attackers to create unlimited undetectable fake ZEC. The development team at Shielded Labs completed an emergency fix before June 1 and subsequently disclosed the details of the vulnerability. As a result of the incident, ZEC dropped by as much as 38% within 24 hours after the news broke, with the market concerned that attackers may have exploited the vulnerability to steal funds from the privacy pool without leaving on-chain traces.Hornby stated that he was commissioned by the nonprofit organization Shielded Labs in April of this year to identify protocol vulnerabilities before attackers could exploit them. Although he had the means to profit from the vulnerability, he chose to report the issue to the development team, stating that "such betrayal is unacceptable." Additionally, Hornby plans to apply for funding from the Zcash community to support subsequent security research efforts.

According to a report by Fortune, David Trainer, CEO of research firm New Constructs, analyzed that to support a valuation of approximately $1.75 trillion, SpaceX needs to increase its annual revenue to about $1.1 trillion by 2035, which is nearly a 60-fold increase from $18.7 billion in 2025, equivalent to maintaining an average annual revenue growth rate of about 50% over the next decade.According to the prospectus previously submitted by SpaceX, the company's revenue in 2025 is projected to be $18.7 billion, with a net loss of $4.9 billion. Trainer calculated based on a discounted cash flow model that if investors want to achieve an annualized return of about 10% over the next decade, SpaceX must achieve the aforementioned growth targets.Analysis indicates that if it reaches a revenue scale of $1.1 trillion, SpaceX's revenue would account for about 2.4% of the U.S. GDP in 2035, with an economic scale exceeding the entire U.S. utility industry and approaching three-quarters of the U.S. transportation industry.Trainer stated that although the artificial intelligence market has vast potential, many competitors, including Alphabet, Microsoft, NVIDIA, and OpenAI, are competing for market share, and SpaceX lacks historical precedent to achieve such a scale of growth. He believes that SpaceX could not only become the largest IPO in history but also the most expensive in terms of valuation.

Arkham posted on the X platform that Huang Licheng has accumulated losses of 80 million dollars in trading crypto perpetual contracts on Hyperliquid over the past year. After this liquidation, it is the first time he has not immediately replenished funds to his account after being liquidated.

According to a report by Jinshi, Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will adjust services for existing investor accounts in mainland China, including suspending the opening of new positions and increasing positions in all varieties such as stocks, and only supporting sell and close operations; suspending the transfer of funds and securities, while the transfer out function remains normal.The notice stated that this adjustment does not affect the services provided to existing investors overseas, nor does it affect the safety of existing assets for all clients. Clients can normally check their accounts, hold, and sell existing positions.

According to the "Procuratorial Daily," Lin, Zeng, and Dai conspired to use virtual currency trading as a pretext. During the trading process, they secretly filmed the victim's digital wallet private key and, after the virtual currency was credited, secretly logged into the victim's wallet to reverse the transaction, transferring the related virtual currency back to their controlled accounts. The three committed the crime three times, causing the victim a total economic loss of 660,000 yuan.The first-instance court held that in the absence of a clear judicial interpretation regarding the valuation method of virtual currency and sentencing standards, it was inappropriate to directly determine the amount involved as particularly huge based on the victim's purchase amount of 660,000 yuan. Therefore, they sentenced the three based on "other serious circumstances," imposing prison terms ranging from eight years to five years and six months, along with fines. The Hanyang District Procuratorate of Wuhan City in Hubei Province subsequently filed an appeal, which was supported by the Wuhan City Procuratorate.The prosecution argued that the first-instance court applied the law incorrectly and imposed an excessively light sentence. Prosecutor Dai Wentao of the Wuhan City Procuratorate stated that in the case where the victim had a clear loss amount to refer to, it was contradictory and legally erroneous to claim that the value of virtual currency could not be determined. In judicial practice, using the resale price and transaction price as the basis for determining the amount of theft has become mainstream, and determining the value of virtual currency based on the actual cost paid by the victim has factual, legal, and practical basis.The Intermediate Court of Wuhan accepted the prosecution's opinion in the second instance, revoked the corresponding content of the original judgment, and changed the determination of the theft amount to particularly huge. It sentenced the principal offender Lin to ten years and six months in prison for theft, and sentenced the accomplices Zeng and Dai to eight years in prison each, along with fines.

According to monitoring by Lookonchain, the wallet associated with Ethereum co-founder Joseph Lubin (0x1b3...A7C2) holds 243,300 ETH (worth $370 million) and has transferred out 80,001 ETH (worth $12.16 million) after being dormant for over 3 years.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 11, down 2 points from yesterday. The average over the past 7 days is 18, and the average over the past 30 days is 28.

According to Onchain Lens monitoring, a dormant whale "0x280" for 3 years deposited 38,550 ETH in Aave V3, borrowed 90,000,000 USDT, and used circular lending to buy 54,092 ETH at an average price of $1,664.Currently, this whale address holds a total of 92,646 ETH, with a total value of approximately $146.55 million.

According to on-chain analyst @ai_9684xtpa, a16z affiliated entities have increased their holdings by 90,091 HYPE in the past 10 hours, valued at approximately 5.238 million USD.On-chain data shows that this entity has accumulated a total of 6.996 million HYPE since 2026, with a total value of approximately 327 million USD and an average acquisition price of about 46.85 USD.

According to data from Alternative.me, today's cryptocurrency Fear and Greed Index remains at 12, indicating that the market is in a "state of extreme fear."It is reported that the fear index threshold ranges from 0 to 100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%).

According to Jinshi News, driven by strong U.S. employment data, the market generally expects the Federal Reserve to raise interest rates this year, which has put pressure on the gold market and led to gold completely reversing its gains for the year.During the U.S. trading session, spot gold fell about 3.5%, breaking below $4320 per ounce, failing to maintain its upward trend this year. At the same time, both bond yields and the U.S. dollar exchange rate rose. Currently, the strong performance of the labor market leaves room for Federal Reserve officials to raise interest rates, although tensions in the Middle East have pushed up energy prices. Rising interest rates are generally unfavorable for non-yielding precious metals.

According to Jinshi reports, the Philadelphia Semiconductor Index fell nearly 9% during the afternoon trading session of the U.S. stock market.

Famous trader Killa stated that after Bitcoin fell below $60,000, large buy orders appeared below the market price of BTC on Binance, referred to as the "plunge protection team" returning. Killa also demonstrated that after similar buy walls appeared previously, Bitcoin often experienced a rebound following a short-term suppression.

According to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' "American Reserve Modernization Act" (H.R.8957, ARMA) has been made public. This bill was introduced on May 21 by Alaska Congressman Nicholas Begich and has now been referred to the House Financial Services Committee for review.The main content of the bill includes: incorporating Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, establishing a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly reserve verification mechanism and introducing independent third-party audits; allowing states to voluntarily hold their Bitcoin in independent accounts at the Federal Reserve.In terms of forward-looking provisions, the bill requires the Treasury Department and the Department of Commerce to jointly study feasible paths for increasing Bitcoin holdings in a budget-neutral manner within 180 days, including converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to the Federal Reserve or gold certificates.Analysts point out that compared to the previous "BITCOIN Act," which called for the purchase of 1 million Bitcoins, ARMA is more moderate and politically feasible, but still leaves room for future federal increases in Bitcoin holdings.

According to Jinshi reports, the market is currently pricing in a Federal Reserve interest rate hike in January next year, with the expected timing before the non-farm data release being March next year.

According to Onchain Lens monitoring, a certain whale deposited 602.26 BTC (currently worth 37.81 million USD) into Binance after being inactive for 5 years, making a profit of 30.66 million USD.