kin

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.

On-chain detective ZachXBT posted questioning BitMEX co-founder Arthur Hayes for frequently changing his views and selling tokens in a short period, asking how much exit liquidity he had received from followers in the past few days.ZachXBT pointed out that before WLD, Arthur Hayes had expressed bullish views on tokens such as NEAR, HYPE, and ZEC, and in his latest operation, after publicly expressing a strong bullish stance on Worldcoin (WLD) multiple times and giving a target far above the current price, he chose to liquidate his position in a short time.In response, Arthur Hayes stated that he was simply selling assets at market prices to buyers willing to take over according to his trading targets, and if the price continued to rise, outsiders would think his sale was a wrong decision, "this time it just happened to be a correct judgment."Subsequently, ZachXBT posted again, sharing Arthur Hayes's previous bullish comments on WLD and questioning his rapid exit from the position after loudly promoting it, sparking discussions in the community about the influence of opinion leaders on the market and the issue of "exit liquidity."Previously, Arthur Hayes had stated that he had liquidated his WLD position, claiming that the price trend was "not right," and announced his exit from that position.

According to CoinGecko data, Ethereum's market capitalization has fallen to $182.8 billion, below USDT's $187 billion, and it has now dropped to the 3rd position in the cryptocurrency market capitalization ranking.

According to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 738 BTC to a newly created wallet, worth approximately 45 million USD.

According to a Securitize announcement, the U.S. Securities and Exchange Commission (SEC) has announced that its Form S-4 registration statement for the merger transaction with SPAC company Cantor Equity Partners II has officially become effective. This means that Securitize's listing process has made significant progress, and CEPT shareholders will hold a special meeting on June 29, 2026, to vote. If approved, the transaction is expected to be completed shortly thereafter.After the transaction is completed, the merged company is expected to operate under the name "Securitize Corp." and be listed on the New York Stock Exchange with the stock ticker "SECZ."

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.

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.

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 SoSoValue data, on June 4th Eastern Time, the total net inflow of Ethereum spot ETFs was $19.3019 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was the Blackrock ETF ETHA, with a single-day net inflow of $19.3019 million. Currently, the historical total net inflow of ETHA has reached $11.323 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.778 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.57%, with a historical cumulative net inflow of $11.206 billion.

According to SoSoValue data, yesterday (Eastern Time June 4), the total net inflow of Bitcoin spot ETFs was $3.0468 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $47.6599 million. Currently, the historical total net inflow of IBIT has reached $6.2683 billion. The second was Morgan Stanley ETF MSBT, with a single-day net inflow of $9.8652 million. Currently, the historical total net inflow of MSBT has reached $264 million.The Bitcoin spot ETF with the highest single-day net outflow yesterday was the ETF ARKB from Ark Invest and 21Shares, with a single-day net outflow of $20.7186 million. Currently, the historical total net inflow of ARKB has reached $1.208 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $80.399 billion, and the ETF net asset ratio (market value compared to the total market value of Bitcoin) is 6.3%. The historical cumulative net inflow has reached $54.266 billion.

According to SlowMist monitoring, a new type of Rust supply chain malware activity named IronWorm is attacking developer environments and the Web3 ecosystem through malicious npm packages. Potential attack behaviors include credential theft, wallet mnemonic and password theft, GitHub repository tampering, malicious package publishing, CI/CD secret leakage, Tor-based command control, and eBPF rootkit stealth.Security teams should audit the repository for backtracked commits, suspicious branches, unexpected build hooks, and commits from automated identities such as claude, dependabot, renovate, or github-actions. It is recommended to remove or deprecate affected package versions, publish clean versions, rotate all leaked keys and tokens, review GitHub Actions artifacts, and rebuild potentially compromised development or CI systems from clean images.

According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the abolition of the "no denial" policy that had been in place for nearly 30 years. This policy, in effect since 1998, required defendants to commit to not publicly denying the CFTC's allegations when settling.CFTC Chairman Mike Selig stated that this move aligns with the overall direction of various government regulatory agencies and grants the commission greater flexibility in enforcement settlements. Previously, the SEC had taken the lead in abolishing a similar policy in May.

According to a report titled "Stablecoins: Waiting for Regulation" released by the UK House of Lords Financial Services Regulatory Committee, the global market capitalization of stablecoins has exceeded $310 billion, but the UK pound stablecoin market is still in its infancy, and the construction of the regulatory framework is clearly lagging behind the United States (GENIUS Act) and the European Union (MiCAR).The report criticizes several aspects of the current regulatory proposals from the UK Financial Conduct Authority (FCA) and the Bank of England, focusing on:• The Bank of England's requirement for systemic stablecoin issuers to deposit at least 40% of reserve assets in non-interest-bearing central bank deposits, which the industry believes will severely harm issuers' profitability and the international competitiveness of the UK market;• The proposed holding limits (individual £20,000, corporate £10 million) are considered extremely difficult to implement and may stifle the development of the pound stablecoin market;• The T+1 redemption requirement will impose a significant operational burden on issuers;• The Prudential Regulation Authority (PRA) restrictions on deposit-taking institutions issuing stablecoins under independent brands are deemed overly stringent.The report also acknowledges the liquidity support loan mechanism proposed by the Bank of England, considering it an innovative regulatory measure that surpasses other major jurisdictions. The committee calls on regulatory agencies to strictly adhere to the established timeline, ensuring that the complete regulatory framework comes into effect as scheduled on October 25, 2027, and recommends adopting a principle-based, technology-neutral regulatory approach to achieve a reasonable balance between financial stability and market innovation.

According to monitoring by Lookonchain, the trader pension-usdt.eth has closed a short position of 1,400 BTC, with a position value of approximately 93.86 million USD, realizing a profit of 3.32 million USD.Subsequently, he switched to a 3x short position of 50,000 ETH, with a position value of approximately 92.68 million USD, currently showing an unrealized profit of about 1.07 million USD. This trader has now achieved 21 consecutive wins, with a total profit exceeding 36 million USD.

Bitget PoolX has launched the project Solstice (SLX), where locking BTC and ETH can unlock 1,000,000 SLX. The BTC locked pool allocates 600,000 SLX, with a personal locking limit of 50 BTC; the ETH locked pool allocates 400,000 SLX, with a personal locking limit of 1,500 ETH. The locking channel will be open from June 3, 20:00 to June 11, 20:00 (UTC+8).In addition, during the event, users with a net recharge of ETH/BTC being positive can receive a 5% ETH or 2% BTC financial interest coupon after the event ends; users who participate in PoolX for the first time and meet the net recharge conditions can also receive a 15% ETH or 10% BTC interest coupon. The net recharge statistics period is from June 3, 19:00 to June 10, 19:00 (UTC+8). For more details, please refer to the Bitget official platform.

According to CoinDesk, Grayscale has launched the Grayscale Hyperliquid Staking ETF on Nasdaq, with the ticker HYPG, and a management fee of 0.29%, lower than the Hyperliquid equivalent funds from 21Shares and Bitwise.HYPG aims to provide exposure to the HYPE token and generate additional income through staking. Grayscale states that the historical staking rewards for HYPE are approximately an annualized 2.2%.

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 GMGN data, the top 5 tokens with net inflow of smart money in the past 24 hours are as follows:Goblin (3KHM....ump): Net inflow of $4,000, with a 24-hour increase of 10.7%, currently priced at $0.0046.IDLE (AjLh....ump): Net inflow of $1,000, with a 24-hour decrease of -12.2%, currently priced at $0.0008.ISOR (Eabf....ump): Net inflow of $1,000, with a 24-hour decrease of -83.9%, currently priced at $0.0001.HermesWorld (2YF1....hH9): Net inflow of $855, with a 24-hour increase of 30.8%, currently priced at $0.0003.OBX (ttgt....ump): Net inflow of $731, with a 24-hour decrease of -1%, currently priced at $0.0001.

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.