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According to Coinglass data, the total contract open interest for ETH has decreased by 5.33% in the past 24 hours, with the current total open interest at $23.854 billion. Among them, Binance's open interest is $5.405 billion, OKX's open interest is $1.494 billion, Bybit's open interest is $1.568 billion, and Gate's open interest is $2.847 billion.

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 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 Coinglass data, the total contract open interest for BTC has decreased by 5.44% in the past 24 hours, with the current total open interest at 44.559 billion USD. Among them, the open interest for Binance is 8.264 billion USD, for OKX is 2.617 billion USD, for Bybit is 4.057 billion USD, and for Gate is 3.188 billion USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 9.08% in the past 24 hours, with the current total open interest at $23.55 billion. Among them, the open interest on Binance is $5.401 billion, on OKX is $1.436 billion, on Bybit is $1.541 billion, and on Gate is $2.791 billion.

According to Cointelegraph, the Illinois State Legislature has passed the budget for the fiscal year 2027, which includes a provision to impose a 0.2% tax on cryptocurrency transactions, to be collected by digital asset brokers. This measure, referred to as the "privilege tax," is part of the amendment to the "Digital Asset Privilege Tax Act," which includes registration requirements for any digital asset broker operating in Illinois.Starting from January 1, brokers who fail to comply with the relevant regulations may be classified as a Class 3 felony in the state, facing two to five years of imprisonment and a fine of up to $25,000. The budget has been approved by the state legislature on Monday but still requires the signature of Governor JB Pritzker to take effect. JB Pritzker has publicly stated multiple times that he plans to sign the bill as soon as possible, but as of Friday morning, he has not yet signed it. Legislators expect that the cryptocurrency tax will generate $60 million in revenue for the state.

According to Coinglass data, the total contract open interest for ETH has decreased by 11.92% in the past 24 hours, with the current total open interest at $23.444 billion. Among them, Binance's open interest is $5.324 billion, OKX's open interest is $1.458 billion, Bybit's open interest is $1.585 billion, and Gate's open interest is $2.797 billion.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.37% in the past 24 hours, with the current total open interest at 45.539 billion USD. Among them, the open interest for Binance is 8.447 billion USD, for OKX is 2.657 billion USD, for Bybit is 4.171 billion USD, and for Gate is 3.323 billion USD.

The full text of Nick Begich's Strategic Bitcoin Reserve bill has now been published online.

According to Jinshi reports, Lindsay Rosner, the head of multi-sector fixed income investments at Goldman Sachs Asset Management, stated that recent data indicates the Federal Reserve does not need to worry about labor market issues and will focus on inflation concerns. The duration of the Iran war will ultimately determine the Federal Reserve's next actions.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.86% in the past 24 hours, with the current total open interest at $24.862 billion. Among them, the open interest on Binance is $5.504 billion, on OKX is $1.577 billion, on Bybit is $1.689 billion, and on Gate is $3.295 billion.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.27% in the past 24 hours, with the current total open interest at 45.913 billion USD. Among them, Binance's open interest is 8.323 billion USD, OKX's open interest is 2.836 billion USD, Bybit's open interest is 4.156 billion USD, and Gate's open interest is 3.608 billion USD.

Michael Saylor, founder and executive chairman of Bitcoin Strategy, published an article on the X platform, stating that the Bitcoin ecosystem is gradually differentiating into four core ideologies: Bitcoin Maximalists, Bitcoin Capitalists, Bitcoin Technologists, and Bitcoin Fundamentalists.Among them, Maximalists emphasize Bitcoin as the globally dominant digital currency network; Capitalists advocate for Bitcoin's deep integration into banks, enterprises, and capital markets; Technologists support cautiously advancing protocol upgrades to enhance scalability, security, and functionality; and Fundamentalists focus on self-custody, node operation, decentralization, and protocol immutability.Saylor believes that the four ideologies correspond to the four forces of "belief, adoption, innovation, and guardianship." The future of Bitcoin should not choose between purity and adoption rate, or innovation and stability, but should achieve balance through "disciplined expansion": maintaining the stability and decentralization of the underlying protocol while placing most innovations on top of layer two networks, custody, credit, and capital market infrastructure.

Recently, the positive overlap mapping of Marvell (MRVL) called out by NVIDIA CEO Jensen Huang has led to unprecedented funding attention for both AI chip companies in the derivatives market, with significant increases in stock prices and trading volumes.According to Gate market data, NVIDIA (NVDAX) is currently priced at $215.19, with a nearly flat 24-hour price change; Marvell Technology (MRVL) is currently priced at $299.03, up 0.97%. CoinGlass data shows that the 24-hour trading volume of NVDAX contracts on the Gate platform reached $4.3017 million, ranking first in the entire network; MRVL contracts had a 24-hour trading volume of $6.3152 million, also ranking among the top.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.

According to Onchain Lens monitoring, a certain whale has become active again after being silent for 3 years, depositing 20,000 ETH (approximately 33.28 million USD) out of the 38,554 ETH (approximately 64.28 million USD) it holds into Aave V3, borrowing 30 million USDT, and purchasing 17,826 ETH at a price of 1,683 USD each for a circular lending operation. Currently, this whale holds a total of 56,380 ETH, valued at approximately 94.04 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.

According to Coinglass data, the total liquidation of ZEC contracts across the network in the past 24 hours reached 107 million USD, with long positions liquidated at 76.59 million USD and short positions liquidated at 29.98 million USD, with the liquidation amount only less than that of BTC and ETH. In the past 24 hours, the total trading volume of ZEC contracts across the network surged by 89.28%, reaching 11.555 billion USD; the open contract positions decreased by 38.56% to 836 million USD.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.18% in the past 24 hours, with the current total open interest at $25.082 billion. Among them, the open interest for Binance is $5.434 billion, OKX is $1.588 billion, Bybit is $1.722 billion, and Gate is $3.481 billion.

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.