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The Zcash Open Development Lab (ZODL) has proposed a new network upgrade and shielded pool named "Ironwood" in collaboration with Tachyon, Valar Group, Zcash Foundation, and Shielded Labs, scheduled to be activated by the end of July 2026, with the exact timing depending on the progress of testing and ecological coordination. Ironwood will continue to use the existing Orchard protocol but will add formal verification and independent security audits, and will verify the entire ZEC supply transferred from Orchard to Ironwood through the "Turnstile" mechanism, allowing anyone to audit the circulating supply of Zcash, thereby further enhancing the security and transparency of the protocol.ZODL stated that the recently discovered integrity vulnerability in Orchard was identified during ongoing security research and has been fixed through a coordinated upgrade. Currently, there is no evidence that the vulnerability has been exploited, nor are there any signs that user funds have been compromised or that the total supply of ZEC has changed. Related issues have not affected the privacy attributes of any privacy pools, and Orchard continues to operate normally. According to the plan, after the upgrade, the Orchard pool will close to new deposits and internal transactions, and funds can only be migrated to Ironwood through the Turnstile mechanism. Wallets supporting Orchard will provide a one-click migration feature, and the new privacy pool will continue to use users' existing Orchard addresses without the need to change the receiving address. In addition, ZODL is advancing the deprecation of zcashd, including the development of a new command-line wallet Zallet, assisting node operators in migrating to Zebrad, and updating wallets and SDKs to support the Ironwood upgrade.

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.

According to Businesswire, financial technology infrastructure company Cross River Bank announced a $250 million forward financing to Figure to support Figure's cryptocurrency collateralized loan business.Cross River will provide ongoing capital support for Figure's crypto loans, helping borrowers obtain dollar liquidity without selling their cryptocurrency assets.

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 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 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.

According to Jinshi, the S&P 500 index has ended its consecutive 9-week upward trend.

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has not effectively broken below the strong support of $60,000. The price difference between Coinbase and Binance is narrowing, indicating that the selling volume from U.S. institutions like ETFs is decreasing, and the crypto market may see a rebound over the weekend.In yesterday's news, Jiang Zhuoer announced that he has "bottom-fished" and bought back all ETH positions at $1,645, expecting to start selling after a rebound in 1 to 3 days.

Bitget announced that its US stock 2.0 has officially launched on the web. Users can now trade 204 rTokens through the Bitget Web version, covering core sectors such as technology, consumer, semiconductors, and indices.It is reported that the rTokens, identified by the letter r + stock ticker (for example, rNVDA for NVIDIA), are issued by Bitget's licensed RWA protocol Reality, and are directly connected to global liquidity pools such as NASDAQ and NYSE through cooperation with the compliant brokerage Alpaca.

According to Gate market data, the Dow Jones Index opened up 46.84 points on June 5 (Friday), an increase of 0.09%, reporting at 51,608.77 points; the S&P 500 Index opened down 50.33 points, a decrease of 0.66%, reporting at 7,533.98 points; the Nasdaq Composite Index opened down 313.02 points, a decrease of 1.17%, reporting at 26,517.94 points.

According to Barron's, Morgan Stanley's wealth management division has partnered with Galaxy Digital, allowing high-net-worth clients holding Bitcoin, Ethereum, or Solana to convert their direct holdings into a spot crypto ETF.The converted ETF can be used as collateral for financing, with a minimum trading threshold of $5 million. In July 2025, the SEC approved a physical conversion mechanism between directly held crypto assets and spot crypto ETFs, laying the regulatory foundation for this collaboration.

According to the official announcement, Upbit will launch the BABY Korean Won trading pair.

According to the official announcement, UPBIT will launch the KRW trading of Babylon (BABY) on June 5 at 20:00.

According to on-chain analyst Ai Yi's monitoring, Hex Trust's affiliated entities have accumulated 72.23 million H tokens in the past 4 hours, accounting for 2.55% of the circulating supply. Its foundation made significant adjustments in April regarding the H token allocation for early investors, either extending the unlocking period or issuing the full amount of tokens at a 70% discount in a one-time distribution on June 26. Hex Trust is one of its strategic investors, and it is still unclear whether this asset transfer is related to the upcoming unlocking.

CryptoQuant analyst Axel Adler Jr stated that Bitcoin is once again testing a low point of around $62,000, while the current 7-day net realized losses have reached approximately $7 billion, higher than the levels during the low point in February this year, but still below the peak loss of about $14 billion during the winter market panic.Currently, the Bitcoin price has clearly fallen below the cost basis of short-term holders (STH) at around $76,000. If it continues to decline, the main support left is the average realized price across the network at about $54,000, as well as the cost basis of long-term holders (LTH) at around $49,000. These two areas corresponded to the full capitulation phase and the formation of the cycle bottom in historical cycles.However, as long as Bitcoin remains above $54,000, the market will not enter a full capitulation phase; if it falls below and continues to operate below the market low point from February this year, it may further test the final defense line near $54,000 in this round.

The cryptocurrency trading platform CoinUp announced the upgrade of its native platform token CP to a new ecological core token CPX. The new token CPX will officially launch on June 9, 2026, at 20:00 Beijing time.It is reported that this upgrade aims to expand the application scenarios of the token from a single exchange to the entire ecological business. After the upgrade, CPX will be deeply integrated with CoinUp's Alpha ecosystem, prediction markets, AI token market infrastructure, and U card payment system, and will introduce a buyback and burn mechanism based on the platform's overall business revenue.Regarding asset exchange arrangements, CoinUp will establish a self-decision window period from June 5, 12:00 to June 7, 20:00 Beijing time, during which the CP trading market will only support selling functions and initiate price floor protection. After the window period ends, any untraded CP will be automatically exchanged for CPX at a ratio of 1:1.2. The exchanged CPX will enter a locked account and will be released in a phased linear manner, unlocking 3% each week for the first 16 weeks, and 5% each week starting from the 17th week until completion.

According to the official announcement, Bitget has now launched U-based ZEST and BTW perpetual contracts, both supporting up to 10x leverage, and the contract trading Bot will be opened simultaneously.

According to Cryptopolitan, the Solana ecosystem's decentralized aggregator Jupiter has launched the prediction market Forecast, which is the first native prediction market on Solana. Unlike traditional models that rely on a single liquidity pool, Forecast allows proprietary automated market makers to quote independently, and the system matches users with the currently most competitive quotes.The product will be integrated into Jupiter's existing Jup Predict interface, initially launching a short-term cryptocurrency price prediction market with a 15-minute window, with plans to expand to other types in the future. Jupiter stated that Forecast is not in competition with its partner Polymarket, but rather provides supplementary infrastructure for additional liquidity. Each prediction market created through the Forecast platform will issue its own native token to simplify integration.

Terry Duffy, the CEO of the Chicago Mercantile Exchange Group, expressed great concern about the recently approved perpetual contracts by U.S. regulators. Terry Duffy stated that perpetual contracts have almost no practical use for institutional investors, yet expose retail investors to excessive risk. He completely disagreed with the CFTC's decision to approve the first batch of crypto perpetual contracts after a rapid review and mentioned that he had called the CFTC chairman to express his concerns.Terry Duffy warned that perpetual contracts and prediction markets are triggering a speculative frenzy among retail investors, which could lead to an impending disaster. The first batch of perpetual contracts approved by the CFTC is listed by Kalshi, and several U.S. exchanges are also discussing launching their own perpetual contracts.