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According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0013%. Among the current mainstream exchanges, the rate on Binance is -0.0035%, OKX is -0.0035%, Bybit is -0.0017%, and Gate is -0.0035%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0016%. Among the current mainstream exchanges, the rate for Binance is -0.0006%, OKX is 0.0005%, Bybit is -0.0005%, and Gate is -0.0013%.

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 a post by CLLCT founder Darren Rovell on the X platform, Bored Ape Yacht Club (BAYC) #8554 was sold today for only $13,046, while this NFT was previously sold for $147,953 on November 5, 2021, representing a significant price drop of over 90%.Analysis suggests that this transaction reflects significant value fluctuations of some high-end NFTs during the market adjustment period.

StarkWare announced on the X platform that the Starknet v0.14.3 version will go live on the mainnet this month, with the testnet launch scheduled for June 9 and the mainnet launch scheduled for June 22. The new version will support dynamic L2 Gas base fee adjustments based on STRK, improve block generation speed, reduce the target L2 Gas consumption per block while keeping the maximum block size unchanged, and deprecate RPC 0.8.Due to the significant changes included in this update, the official recommends that all developers carefully read the pre-release notes to prepare for compatibility and upgrades.

According to monitoring by Catcher Predict, in the event "Bitcoin Breaks Through on June 6" on the prediction market Polymarket, the probability of the "Yes" option in the sub-market "60,000" has experienced a sharp fluctuation, plummeting from 89.65% an hour ago to the current 63.25% (a fluctuation of 26.4%). Please note the impact of related breaking news.

According to Onchain Lens monitoring, Ethereum co-founder Joseph Lubin has once again replenished the Maker vault with 30,000 ETH, valued at approximately 47.12 million dollars at current prices, to reduce liquidation risk.Currently, Lubin has staked a total of 110,000 ETH across three different Maker vaults, valued at approximately 171 million dollars, and has borrowed 259.05 million DAI using these ETH as collateral. As the ETH market becomes more volatile, his ongoing efforts to replenish collateral have attracted market attention.

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.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0023%. Among the current mainstream exchanges, the funding rate on Binance is -0.0032%, OKX is -0.0136%, Bybit is -0.0013%, and Gate is -0.0091%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0021%. Among the current mainstream exchanges, the rate for Binance is 0.0027%, OKX is -0.0034%, Bybit is 0.0039%, and Gate is -0.0011%.

According to official news, Gate Alpha will officially launch the 42nd Hot Coin Trading Competition on June 7 at 10:00 (UTC+8). Users can click "Participate Now" to complete registration and trade designated hot coins to share a total airdrop reward valued at $60,000.This event features a three-tier reward mechanism: Users who registered without an invitation code will receive 1 chance to participate in a regular blind box lottery for every 200 USDT traded, with a total prize pool of approximately $20,000, a minimum prize of 0.19 GT per draw, and a maximum of 7.81 GT; Users who registered with an invitation code will receive 1 chance to participate in a premium blind box lottery for every 500 USDT traded, with a total prize pool of approximately $30,000, a minimum prize of 0.39 GT per draw, and a maximum of 15.63 GT; Additionally, there is a special prize pool for newcomers of approximately $10,000. New users of Gate Alpha with zero trading can recharge "Binance Life" to their Alpha account and receive an equivalent airdrop of 0.5% of the transferred market value, available on a first-come, first-served basis.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and can achieve seamless trading of all-chain tokens through the contract address search function, enabling cross-chain trading and allowing users to access all on-chain tokens with one click.

According to HyperInsight monitoring, as ETH fell below 1600 USD, the 120,000 ETH long positions held by BIT (formerly Matrixport) associated whales are currently facing an unrealized loss of over 84 million USD, and have already paid 1.85 million USD in funding fees.

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 monitoring by Lookonchain, F2Pool co-founder Chun Wang (@satofishi) is suspected of increasing his holdings in ETH. A wallet suspected to be related to Chun Wang (0xF42...b51) has withdrawn 17,560 ETH from Binance in the past 16 hours, worth 28.67 million USD.

According to monitoring by Catcher Predict, in the event of "Bitcoin breaking through on June 6" in the prediction market Polymarket, the win rate of the sub-market "60,000" for the "Yes" option has experienced severe fluctuations, plummeting from 76.4% an hour ago to the current 52.65% (a fluctuation of 23.75%). Please note the impact of related breaking news.

According to token unlock data from the crypto asset data platform RootData, Immutable X (IMX) will unlock approximately 9.62 million tokens at 8:00 AM Beijing time on June 13, worth about 1.24 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Unitas (UP) will unlock approximately 9.38 million tokens at 0:00 Beijing time on June 13, worth about 2.81 million USD.