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After Binance announced the release of a new product on June 1, Zhao Changpeng shared the relevant news and humorously commented, "I hope it's true."Stimulated by the news, the market began to speculate on the new business direction, with some opinions suggesting it may be related to investment channels in the U.S. stock market.

On-chain data shows that Strategy has transferred back 411 BTC previously moved to Coinbase Prime to its own address, and market speculation about its sale of Bitcoin has cooled down.

According to Gelonghui, Buffett responded in an exclusive interview with CNBC regarding "Berkshire currently holding about $380 billion in cash, and the market is highly concerned about why it has not made large-scale acquisitions or investments": the prices are too high, and there are too few targets.Buffett stated, "Now is not our ideal environment for deploying cash for Berkshire." He emphasized that the company has the right management team to selectively choose opportunities: "Sometimes we do nothing, but sometimes we are very active."When discussing the current macro stock market environment, Buffett used the metaphor of "a church with a casino" to describe the speculative atmosphere on Wall Street. People can move between the church and the casino, with more people in the church than in the casino, but the casino has become very attractive to people.He pointed out, "If you are buying and selling single-day options, that is not investing, nor is it speculation; it is outright gambling." Referring to a recent case where a U.S. soldier used confidential information about military operations in Venezuela to profit $400,000 in the prediction market, he said: unless one knows when we will strike into Venezuela like that person, no one can explain why they would buy a one-day option; the number of such occurrences is astonishing.We have never encountered a crowd with a greater propensity for 'gambling' than now. Buffett further noted that the surge in gambling enthusiasm does not necessarily mean the market will collapse, but it will lead to a long-term high price for many assets.

CryptoQuant's research director Julio Moreno wrote in a report: "The demand for perpetual futures contracts is the only driving force behind the rise in Bitcoin prices, while the apparent demand for spot continues to shrink. This structure has historically appeared during bear markets and is often difficult to maintain an upward trend."Moreno stated that the divergence between rising futures demand and shrinking spot demand is one of the clearest signals on-chain, indicating that this rally is more speculative rather than driven by structural growth. He pointed out that this means the price increase is mainly driven by leverage rather than new inflows of Bitcoin.Moreno also said: "Historically, this type of structure lacks the foundation to support sustained price increases, and once futures positions begin to unwind, it usually corrects through price pullbacks." CryptoQuant indicated that the current demand structure driven by perpetual futures is similar to the situation at the beginning of the bear market in 2022. While this does not mean that the same outcome will necessarily occur this time, the current structure does present significant downside risks.

According to on-chain analyst Ai Yi's monitoring, Bitcoin briefly fell below $77,000. The "set 10 big targets" whale @Jason60704294 previously opened a long position of 397.718 BTC, which is currently at a floating loss of $178,000, with a maximum floating loss of $488,000 in the early morning.Yesterday afternoon, Binance saw a buy order for 2,759.11 BTC at a price of $77,686.5, worth $214 million. The community speculates that this position belongs to the whale; if true, the current floating loss would expand to $1.237 million.

MemeCore CEO Jun tweeted that the true value of any project does not depend on short-term attention, headline valuations, or how much profit the foundation can extract, but is built on trust.Jun pointed out that while some may question MemeCore's valuation, the project's responsibility goes beyond creating temporary hype; it is to strengthen the ecosystem around the project, contribute to a healthier market environment, and build something that can exist long-term.He admitted that the blockchain industry has witnessed too many projects driven by speculation, short-term hype, and "pump and dump" behavior. Although MemeCore started as a meme project, a meme project can do much more than attract attention; it can also create culture, build trust, and contribute to a healthier market environment.Previously, on-chain detective ZachXBT questioned the review process for Kraken listing Memecore (M) spot trading and pointed out that there were anomalies in the related on-chain fund flows. Data shows that last week, M's market cap once soared by nearly $6 billion, but it has now fallen back to around $4.7 billion.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, guests including Sign partner Sarah, HashKey Chain Senior Business Development YuYi, Monad Greater China Ecosystem Head Harvey Chen, OmenX Chief Marketing Officer Gisele, and SVP Chain Market Head Celest engaged in a roundtable discussion on "The Revaluation of Crypto and the New Cycle."Regarding why they remain firmly invested in Crypto amid the AI boom, Sarah pointed out that the hotter AI gets, the more use cases there are for Crypto assets, and future transactions between AI Agents will rely on digital assets. YuYi believes that the bear market is precisely when the wheat is separated from the chaff, with compliant RWA (such as Hong Kong's first physical silver token) being implemented, speculative assets being eliminated, and the era of on-chain infrastructure arriving. Harvey Chen stated that high-performance public chains are the foundation for supporting large-scale applications, and Monad is committed to this. Gisele noted that Crypto addresses fairness and value transfer, complementing AI's focus on efficiency. Celest emphasized that AI lacks a native value system and increasingly requires Crypto to provide value authentication and decentralized trust.On the changing understanding of Crypto's value, the guests unanimously agreed that the industry is shifting from "issuing tokens for the sake of issuing tokens" to pursuing sustainable business models, with greater focus on capital efficiency, low costs, and 24-hour settlement as practical values. The value of public chains should be assessed based on real business scenarios and user transaction volumes, rather than narratives and financing.Regarding future growth engines and entrepreneurial advice, the guests generally expressed optimism about compliant RWA, AI payments, and sovereign blockchain directions, advising entrepreneurs to focus on real application scenarios, avoid empty concepts, and maintain a long-term construction mindset.

According to Cointelegraph, Nikita Bier, the head of X products, previously hinted at the launch of a product related to "fixing the crypto industry," sparking widespread attention and speculation in the market. The market generally believes that this crypto product may be related to its financial ecosystem layout, expected to involve the upcoming payment and digital wallet product X Money, potentially covering various integration directions such as Bitcoin payment integration, Solana ecosystem collaboration, stablecoin applications, and prediction markets. As of now, X has not made any official response regarding the related plans.Musk previously stated that the early public access version of X Money will be launched in April.

CryptoQuant analyst Darkfost stated that the current Bitcoin market is entering an early stabilization phase, with long-term holding behavior gradually strengthening, indicating that the market structure may be undergoing a change.Data shows that since October, the number of BTC held for over one year has increased from about 12 million to approximately 12.4 million. Although the increase is still moderate, it reflects a shift in market behavior towards long-term holding. Since mid-December, the 30-day change has consistently remained positive, indicating that investors are more inclined to continue holding rather than distributing their assets. Darkfost pointed out that this change typically signifies a transition from a speculation-dominated phase to a stronger long-term conviction phase. Historically, the proportion of long-term holdings usually declines significantly at market peaks and gradually rises during bear markets, so the current trend can be seen as an early stabilization signal for the market. However, he also emphasized that this indicator belongs to a long-term dimension and typically requires a longer time to form a clear trend, and we are still in the early stages.

Polymarket official team member Mustafa posted on platform X that a major announcement will be made next Monday. Due to the tweet containing a coin symbol, the community speculates it may be significant news related to financing or a token launch.

Iran's New Supreme Leader Mojtaba Khamenei Has Not Made a Public AppearanceIran's new Supreme Leader Mojtaba Khamenei has not made a public appearance for a long time, sparking strong speculation about his serious injuries. In the face of rampant rumors, the son of the Iranian president and senior relatives urgently came forward to clarify, insisting that the new leader is "safe and sound."A relative of Mojtaba told the Financial Times: "He is currently in good condition and is still busy with various tasks. For security and political reasons, he has decided not to make any public appearances for the time being. To some extent, this also creates uncertainty for his opponents, preventing them from getting accurate information about him. Let them guess slowly." The expert meeting did not clarify whether Khamenei was present during the meeting and did not provide details about the voting process.Earlier reports indicated that Iran's ambassador to Cyprus, Alireza Salarian, stated in an interview that Iran's new Supreme Leader Mojtaba Khamenei was injured in the airstrikes by the United States and Israel on February 28.

The Governor of the People's Bank of China, Pan Gongsheng, stated at the press conference on the economic theme of the Fourth Session of the 14th National People's Congress that, overall, in the past year, financial risks in key areas of our country have been resolved in an orderly manner, the financial system and financial market have operated smoothly, and risks in key areas have continued to converge. The People's Bank of China, together with relevant departments, has maintained a high-pressure crackdown on illegal financial activities such as illegal fundraising, speculative trading of virtual currencies, and underground banks.In the next step, the People's Bank of China will orderly resolve risks in key areas to prevent financial risks and maintain financial stability, continue to carry out a high-pressure crackdown on illegal financial activities in collaboration with industry regulators and law enforcement departments such as the police, closely monitor and assess the impact of external shocks, and utilize macro-prudential and financial stability policy tools to timely weaken or block risk contagion.

The head of the Solana protocol Meteora, Zen @realdezen, stated that since taking over in March last year, the team has taken insider trading risks seriously and has established practical protective measures.Zen referred to Meteora as a permissionless platform, with the main focus over the past 12 months on enhancing the robustness and reliability of the infrastructure, allowing projects to go live without manual intervention from the team. As a result, the team only became aware of relevant situations after certain projects went live or were integrated. In the related prediction markets, Meteora once became the most probable and ranked first among guesses.

Vitalik Buterin posted on the X social platform, stating that the current prediction markets are overly focused on short-term cryptocurrency prices and high-dopamine products like sports betting, lacking long-term social information value, which may lead to unhealthy product-market fit.He suggested that prediction markets should be encouraged to develop towards "risk hedging," making them tools for reducing asset or real expenditure risks. Buterin also envisioned constructing a stable mechanism to replace fiat currencies through personalized prediction market shares based on price indices, thereby providing users with more sustainable value hedging solutions. He called for the establishment of a new generation of financial systems, rather than merely relying on speculative flows.

According to CNBC, Galaxy Digital CEO Mike Novogratz stated at the Digital Finance Forum on Tuesday that the "speculative era" of cryptocurrency may be coming to an end, and the industry will shift towards a development phase characterized by real-world assets and lower returns.Novogratz pointed out that the current market adjustment reflects a structural change in the industry rather than being caused by a single event. He specifically mentioned the large-scale liquidation of leveraged positions that occurred in October 2025, believing it "cleared out a significant number of retail investors and market makers" and put ongoing pressure on prices. As more risk-averse institutional investors enter, the industry will gradually shift from high-multiple return expectations to the widespread adoption of global financial services based on blockchain infrastructure.On the regulatory front, Novogratz revealed that he recently communicated with Senate Minority Leader Chuck Schumer, noting that both parties are keen to push the CLARITY Act through. He believes that the bill is not only driven by multiple practical needs but can also "revitalize the spirit" of the crypto market, and he is confident that the crypto market structure bill will ultimately become law.

Pantera Capital general partner Franklin Bi posted on platform X speculating that the recent large-scale sell-off in the crypto market was driven not by a trading firm focused on cryptocurrencies, but by a large entity from outside the crypto space in Asia.This entity has limited crypto trading counterparts, so it went unnoticed by the crypto community. Franklin Bi speculated that this entity engaged in leveraged trading and market making on Binance → closed yen arbitrage trades → faced an extreme liquidity crisis → obtained about a 90-day grace period → attempted to recover losses through gold/silver trading but failed → and was forced to close positions this week.

Solana co-founder Toly changed his avatar on the X platform, adding laser eyes and Backpack elements to the original Moonbird derivative avatar, which has attracted community attention. Many users interpret this change as a possible indication that the Token Generation Event (TGE) for Backpack is imminent.Previously, Toly had changed his avatar to a derivative of the Moonbird series NFT on January 27, and the Moonbird project subsequently completed its TGE on January 28.

According to the disclosure from the Xiamen Procuratorate's official account, a salesperson from a certain distribution company in Fujian incurred huge debts due to involvement in virtual currency investments and began embezzling funds from spring 2024.The employee unauthorizedly replaced the company's public payment code with a personal WeChat payment code and bank account, guiding clients to transfer educational material subscription payments directly into their personal account. The report shows that the employee embezzled over 1.53 million yuan from the company and invested all related funds into Bitcoin and other virtual currencies for trading, attempting to profit through speculation, but ultimately lost all the funds. The Chang'an District Procuratorate has prosecuted them for embezzlement, and the court sentenced them to two years and three months in prison, along with a fine.