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According to Jinshi reports, Bank of America Securities stated that investors should remain cautious about the U.S. stock market, as an increasing number of bear market signals indicate that the market is approaching its peak. The strategist team led by Savita Subramanian noted in a report on June 5 that about 70% of bear market signals have been triggered, with 17 out of 20 valuation metrics for the S&P 500 index showing "statistically significant overvaluation." In addition, the strategists believe that the performance of high price-to-earnings ratio stocks has been too strong, indicating "signs of excessive speculation."

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: Monte vs BetBoom Team (BO3) - IEM Cologne Major Stage 2", the "Map 2 Rounds Handicap: Monte (-6.5) vs BetBoom Team (+6.5)" sub-market's "Monte" option has experienced a sharp fluctuation in winning probability, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of relevant breaking news.

According to Forbes, the Ontario Teachers' Pension Plan in Canada is expected to gain substantial returns from the SpaceX IPO. The fund invested approximately $220 million in SpaceX in 2019 when the company's valuation was around $33 billion to $36 billion.If SpaceX goes public as planned at $135 per share, with an estimated valuation of about $1.75 trillion, the shares held by the Ontario Teachers' Pension Plan would rise to approximately $11.6 billion, with potential paper gains exceeding $11 billion. As of the end of 2025, the Ontario Teachers' Pension Plan manages assets of about $279.4 billion, covering 346,000 active and retired teachers.The fund's Chief Investment Officer Gillian Brown previously stated that an IPO does not necessarily mean an exit point, and they may continue to hold shares in the future to see if SpaceX can initiate a new growth cycle after acquiring xAI. Notably, the fund had invested about $95 million in FTX in 2022 and wrote down that investment to zero after FTX's bankruptcy. However, benefiting from strong performances from projects like SpaceX, its venture capital portfolio is still expected to achieve a 30% growth by 2025.Currently, some institutions are cautious about SpaceX's valuation. Morningstar believes its fair valuation is less than half of the IPO target. Based on a $1.75 trillion valuation, Elon Musk's wealth, holding about 41% of the shares, is expected to rise further, potentially making him the world's first trillionaire.

According to The Block, Bernstein analysts stated that despite a cumulative net outflow of $2.6 billion from Bitcoin spot ETFs in 2026, the long-term argument for Bitcoin as a store of value has not changed.Since the beginning of this year, the net inflow into ETFs and corporate treasuries has been approximately $12 billion (about $60 billion in 2025), with corporate treasuries being the main driving force. Glassnode data shows that 61% of the circulating Bitcoin supply has been idle for over a year.The accumulation of corporate funds is the main force offsetting ETF liquidations, with Strategy raising $7.5 billion through STRC preferred stock products to acquire approximately 100,000 Bitcoins, and its $53 billion Bitcoin position can cover more than 30 times STRC's annual cash dividends of $1.2 billion.Analysts added that although Bitcoin inflows have slowed, capital is shifting towards real-world asset (RWA) tokenization-related infrastructure, with platforms like Hyperliquid seeing significant growth in trading volume in tokenized stocks and commodities markets.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $602 million, of which long positions accounted for $143 million and short positions accounted for $459 million. Among them, the liquidation amount for BTC was $279 million (long positions $39.068 million, short positions $240 million), ETH liquidations totaled $168 million (long positions $34.222 million, short positions $134 million), and SOL liquidations amounted to $17.3077 million (long positions $3.8027 million, short positions $13.505 million).In the past 24 hours, a total of 103,255 people were liquidated, with the largest single liquidation occurring on the BTCUSDT trading pair on Binance, valued at $12.1068 million.

According to Jinshi reports, the New York Fed stated that the U.S. 3-year inflation expectations remain unchanged at 3.1%, and the 5-year inflation expectations remain unchanged at 3%.

According to Gate market data, BTC/USDT is currently priced at $64024.7, with a 24-hour increase of 3.41%.

According to The Block, Nasdaq-listed company TON Strategy disclosed that it obtained approximately 3.3 million TON rewards by staking about 227 million Toncoin in May, equivalent to about 5.6 million USD at market price, with a preliminary annualized staking yield of approximately 1.48%.The company has staked almost all of its held TON and supports a series of effective network upgrades in the latest governance proposal, including improving smart contract execution efficiency, block synchronization, and verification capabilities to enhance throughput and scalability.

According to The Information, informed sources reveal that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts related to GPU leasing prices.As one of the scarcest resources in the AI boom, related futures are expected to be listed by exchanges later this year. Industry insiders say this initiative demonstrates that hundreds of billions of dollars flowing into data centers and the chip sector are reshaping the financial market landscape. For banks providing financing for AI infrastructure construction, such innovative tools may become new means of managing risk.

According to Crypto In America, the U.S. House of Representatives' fundraising committee will hold a hearing on cryptocurrency tax reform this Tuesday, reviewing seven discussion drafts covering aspects such as stablecoin trading, mining and staking, crypto lending, wash sale rules, charitable donations, and taxpayer disclosures. Essentially, this breaks down the previously proposed "Digital Asset Equality Act" into multiple independent pieces of legislation.Meanwhile, negotiations on the Senate's "Clarity Act" are still ongoing. Senator Lummis stated that the bill is more likely to advance after Congress reconvenes on July 13, with core disagreements focused on ethical clauses, DeFi regulatory language, and stablecoin yield issues. The banking industry continues to lobby against stablecoin yield clauses, while over 200 crypto organizations have jointly written to urge the swift advancement of the bill for a vote.In addition, Illinois plans to impose a 0.2% tax on digital asset transactions, which has sparked strong opposition from industry groups, warning that this move will drive crypto companies out of the state.

According to Coinglass data, if ETH falls below $1,598, the cumulative long liquidation intensity on mainstream CEX will reach $881 million. Conversely, if ETH breaks above $1,765, the cumulative short liquidation intensity on mainstream CEX will reach $695 million.

According to Coinglass data, if BTC falls below $60,584, the cumulative long liquidation intensity on major CEXs will reach $1.601 billion. Conversely, if BTC breaks above $66,416, the cumulative short liquidation intensity on major CEXs will reach $893 million.

According to on-chain data platform Artemis, the on-chain activity of USDC on Hyperliquid has significantly increased: the supply reached $4.2 billion, growing by 200% in 4 weeks; the turnover volume hit a record high of $10.39 billion; the daily active users of the stablecoin reached 3,910, an increase of 163% compared to 5 months ago.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Bitcoin breaks on June 8," the probability of the "Yes" option in the sub-market "62,000" has experienced significant fluctuations, soaring from 77.85% an hour ago to the current 95.15% (a fluctuation of 17.3%). Please note the impact of related breaking news.

According to Jinshi reports, Citigroup stated that the profit growth brought by AI construction is expected to drive the S&P 500 index to break through the 8,000-point mark in 2026. The bank raised its year-end target for the S&P 500 index to 8,100 points, which represents an increase of over 9.5% compared to last Friday's closing price. Strategist Cronat predicts that the S&P 500's earnings per share will reach $350 in 2026 and rise to $400 in 2027. He pointed out that despite the potential volatility caused by uncertainties related to the US-Iran war, inflation, and interest rate paths, AI spending remains the focus for investors.

According to Jinshi reports, Morgan Stanley strategists stated in a report that if market risk appetite rebounds and the Federal Reserve avoids raising interest rates, the dollar may weaken in the coming months. They pointed out that positive risk sentiment is unfavorable for the dollar, but if the U.S. economy performs better than other countries, it may provide support for the dollar. It is expected that the European Central Bank and the Bank of Japan will raise interest rates this month, and the narrowing interest rate differential will encourage an increase in risk appetite, thereby putting pressure on the dollar.

Messari released the "TON Q1 2026 Report," which shows that despite a 26.4% drop in the price of TON during the quarter, the overall TON ecosystem remains resilient, supported by Telegram's large user base. Among them, revenue from Telegram products settled through Fragment decreased by 20.3% quarter-on-quarter to $88.5 million, while recurring revenues such as Premium subscriptions and advertising only fell by 10.5%, performing better than non-recurring businesses like Stars.Data shows that driven by the demand for on-chain products such as Telegram usernames, numbers, and Gifts, the market share of TON NFTs in the cross-chain market increased by 130.4% quarter-on-quarter, reaching 35.5%. In terms of DeFi, the total value locked (TVL) in USD terms decreased by 34.9% quarter-on-quarter, but in TON terms, it only fell by 11.6%. The average daily transfer amount of USDT dropped by 32.5% to $7.7 million, although the average daily number of transfers remained around 73,600, indicating that peer-to-peer Telegram transfers and Mini App payments are replacing large DeFi transactions.In terms of user activity, the number of daily active addresses on TON decreased by 8.8% quarter-on-quarter to 90,800, indicating no significant new user growth in the first quarter. However, the number of transactions per address increased from 19.2 to 21, reflecting enhanced engagement among existing users.After the end of the first quarter, the "Make TON Great Again (MTONGA)" initiative launched by TON has completed four out of seven measures, including the launch of Catchain 2 for sub-second finality, reducing transaction fees by about six times, and making Telegram the largest validator of TON, with a current staking size of 2.2 million TON. Messari states that the second quarter will be a key observation period to test whether infrastructure upgrades can drive a large-scale conversion of Telegram's broader user base into active users on the TON chain.