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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 official news, Tether announced that it has appointed a new independent director to the board of Bitcoin reserve company Twenty One Capital (XXI) to fill the previous vacancy in the audit committee. The company stated that this appointment complies with the independence requirements of the SEC's Securities Exchange Act Rule 10A-3 and the New York Stock Exchange listing rules.This vacancy arose after Tether acquired the shares of XXI held by SoftBank Group on May 20, leading to the termination of the governance agreement between the two parties, and the resignation of the directors appointed by SoftBank, one of whom was a member of the audit committee.It was introduced that Twenty One Capital currently holds over 43,500 bitcoins and is positioned as a vertically integrated Bitcoin company, with business covering Bitcoin mining, asset reserves, capital markets, and financial services.Tether CEO Paolo Ardoino stated that XXI is building one of the most important Bitcoin companies in the world, and therefore the company prioritizes ensuring that the board has an independent oversight mechanism that meets SEC and NYSE requirements to match its strong balance sheet.

According to CoinDesk, security engineer Taylor Hornby, who discovered a serious vulnerability in Zcash using the Anthropic Opus 4.8 AI model, stated that Monero (XMR) has been added to the audit queue, and more privacy coin projects will undergo security reviews in the future.Hornby previously discovered a critical vulnerability in the Zcash Orchard privacy pool on May 29, which had gone unnoticed since May 2022 and could theoretically allow attackers to create unlimited undetectable fake ZEC. The development team at Shielded Labs completed an emergency fix before June 1 and subsequently disclosed the details of the vulnerability. As a result of the incident, ZEC dropped by as much as 38% within 24 hours after the news broke, with the market concerned that attackers may have exploited the vulnerability to steal funds from the privacy pool without leaving on-chain traces.Hornby stated that he was commissioned by the nonprofit organization Shielded Labs in April of this year to identify protocol vulnerabilities before attackers could exploit them. Although he had the means to profit from the vulnerability, he chose to report the issue to the development team, stating that "such betrayal is unacceptable." Additionally, Hornby plans to apply for funding from the Zcash community to support subsequent security research efforts.

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.

According to CriptoNoticias, the Southern Metropolitan Prosecutor's Office in Chile, along with the police, dismantled a money laundering network involving approximately 90 million USD, with about 20 people arrested.The network is suspected of converting illegal funds into cryptocurrency through exchanges and transferring them abroad, with one Banco Santander account manager arrested. Prosecutor Héctor Barros stated that this is one of the largest money laundering cases in Chile in recent years, and the related illegal activities were not conducted through the bank's corporate infrastructure, with the bank cooperating in the investigation.

According to Gate market data, the Dow Jones Industrial Average closed down 695.15 points on June 5 (Friday), a decrease of 1.35%, closing at 50,866.78 points; the S&P 500 closed down 200.63 points, a decrease of 2.65%, closing at 7,383.68 points; the Nasdaq Composite closed down 1,121.53 points, a decrease of 4.18%, closing at 25,709.43 points.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: NRG vs BIG - IEM Cologne Major Phase 1," the option "NRG" in the sub-market "Map 2 Winner" has experienced significant fluctuations in win rate, soaring from 34.5% one hour ago to the current 75.5% (a fluctuation of 41%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market event "LoL: Anyone's Legend vs. LGD Gaming - LPL Playoffs" on Polymarket, the "Yes" option win rate for the sub-market "Both sides destroy inhibitors" has experienced a dramatic fluctuation, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

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 the THORChain blog, ZEC has been added to the THORChain launch queue, but due to a recently disclosed vulnerability in Zcash that affects the normal use of integrators, THORChain needs to complete a code modification in the Bifrost module before proceeding.The development team stated that the modification is very minor but must be completed before the launch of ZEC. Currently, Monero (XMR) is expected to launch at the end of this month, with ZEC following afterward.

According to the official announcement, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have published a joint consultation summary regarding the amendments to the over-the-counter derivatives trading regulations under the Clearing Rules. In light of the broad market support, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority will proceed with the legislative process to introduce the proposed amendments to the Clearing Rules, with plans to implement the relevant amendments starting from March 1, 2027 (the proposed start date for the new calculation period).

The Hong Kong Monetary Authority announced today the establishment of a Tokenized Bond Expert Group, bringing together industry representatives with relevant experience and a focus on the development of the tokenized bond market in Hong Kong, to further promote the application and expansion potential of tokenized bonds in Hong Kong.The members of the expert group include representatives from industry associations, financial institutions, legal advisory firms, as well as financial infrastructure and technology providers. Building on the progress made by the Monetary Authority in various tokenized bond-related initiatives to date, the expert group will jointly explore policy measures, market practices, and innovative solutions.

According to Jinshi News, the three major A-share indices expanded their declines in the late trading session, with the Shenzhen Component Index falling over 2%, the ChiNext Index dropping nearly 3%, and the Shanghai Composite Index currently down by 0.64%.

According to token unlocking data from the crypto asset data platform RootData, Rain (RAIN) will unlock approximately 5,063,177 tokens on June 12 at 11:00 Beijing time, worth about 712 million USD.

According to token unlock data from the Crypto asset data platform RootData, Aptos (APT) will unlock approximately 10.94 million tokens at 8:00 AM Beijing time on June 12, worth about 7.95 million USD.

According to Bloomberg, the three types of investors under Michael Saylor's Strategy—Bitcoin holders, leveraged equity traders, and preferred shareholders—are all under pressure. Strategy sold 32 Bitcoins this week, marking the first sale since the end of 2022, breaking the "never sell" promise. Bitcoin has fallen to a four-month low, and Strategy's stock price has dropped about 70% from last year's peak, with STRC preferred shares falling below the $100 par value. STRC has an annualized dividend of 11.5%, and if the market continues to weaken, the pressure to pay dividends will continue to rise.Analysts point out that increasing the dividend rate will add a $1.7 billion burden, while keeping it unchanged will lead to further price declines. Strategy will vote on Monday to change the dividend to bi-monthly payments to stabilize the price. The Chief Investment Officer of Arca stated that unless Bitcoin rebounds before the cash buffer is exhausted, it will be nearly impossible to protect all stakeholders. StoneX believes that this sale indicates that Strategy can fulfill its obligations without materially reducing its holdings.

According to Gate market data, the Dow Jones Index closed up 875.05 points on June 4 (Thursday), an increase of 1.73%, closing at 51,562.12 points; the S&P 500 Index closed up 30.65 points, an increase of 0.41%, closing at 7,584.33 points; the Nasdaq Composite Index closed down 23.02 points, a decrease of 0.09%, closing at 26,830.96 points.

According to Gate market data, U.S. stocks closed on Thursday with the Dow Jones Industrial Average initially rising by 1.7%, reaching a new closing high, the S&P 500 index up by 0.4%, and the Nasdaq Composite index slightly down. Nvidia (NVDA.O) rose nearly 2%, Micron Technology (MU.O) fell by 7.7%, and Broadcom (AVGO.O) dropped over 12%. The Nasdaq China Golden Dragon Index closed down by 0.6%, and Xpeng Motors (XPEV.N) fell by 3.5%.

According to CNBC, ARK Invest's Chief Futurist Brett Winton stated that SpaceX's upcoming IPO could become one of the most significant stock offerings in history, with its satellite internet business Starlink alone being sufficient to support a valuation of nearly $2 trillion.SpaceX has set the IPO price at $135 per share, planning to list on Nasdaq on June 12, with a pre-IPO valuation of approximately $1.77 trillion. The company plans to sell 555.6 million shares, raising about $75 billion, and underwriters may also purchase an additional 83.33 million shares at the IPO price, corresponding to about $11.2 billion. After the IPO is completed, Musk will hold over 82% of the voting control.Winton noted that SpaceX's growth prospects are not limited to launch services but are closely tied to the rapid expansion of AI. ARK estimates that by 2030, the combined enterprise value of companies developing and operating foundational AI models could reach $15 trillion to $20 trillion.Winton stated that investors typically focus on SpaceX's reusable rockets, but Starlink is the main driver of ARK's valuation logic. He mentioned that the current satellite constellation of Starlink can provide approximately 500 Tbps of bandwidth, generating annual revenue of about $13 billion. With the Starship rocket coming into operation, SpaceX can significantly reduce launch costs and deploy more satellites at a faster pace.