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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 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.

Felix protocol co-founder Charlie disclosed on the X platform that Felix's HIP-3 DEX and all spot markets will begin closing on June 19 and will be completed by June 20. All traders must close their active positions before this date.The Felix team reviewed and pointed out that competitor TradeXYZ successfully established a growth flywheel and dominated the market due to its earlier launch, pricing in USDC (instead of Felix's USDH), rapid market expansion, and the brand effect of airdrops. Although Felix was the first to launch in markets like OIL, GOLD, and SILVER and recorded approximately $3 billion in trading volume, it was ultimately surpassed by TradeXYZ.Felix stated that closing the DEX will not affect the lending and spot stock business, and the team will continue to focus on upgrading and iterating on the aforementioned core products.

According to Gate market data, the Dow Jones Industrial Average opened up 237.28 points on June 8 (Monday), an increase of 0.47%, closing at 51,104.06 points; the S&P 500 index rose by 71.34 points, an increase of 0.97%, closing at 7,455.08 points; the Nasdaq Composite Index increased by 390.62 points, an increase of 1.52%, closing at 26,100.06 points.

According to PR Newswire, AI-driven anti-fraud infrastructure InfoHawk announced the completion of a $2.25 million Pre-Seed round of financing, led by Moonshots Capital, with participation from former Chairman of the Federal Trade Commission Jon Leibowitz, AppNexus founder Brian O'Kelley, former head of advertising at Meta Rob Goldman, GitHub CTO Vlad Fedorov, and others.The new funds are intended to support its efforts to help businesses detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and deepfake attacks through AI content recognition and deep infrastructure analysis technology.

According to PR Newswire, Bitmine's announcement shows that as of June 7, 2026, the company holds 5,543,872 ETH, accounting for approximately 4.59% of the total Ethereum supply of 120.7 million, having completed 92% of its "Alchemy of 5%" goal. In the past week, BitMine increased its holdings by 126,971 ETH, marking the company's largest single-week buying intensity recently.BitMine Chairman Thomas Lee stated that the company's previous weekly average increase was about 26,000 ETH, and the significant increase this week is mainly due to their belief that the current ETH price correction does not reflect the ongoing improvement in Ethereum's fundamentals, as well as the long-term benefits brought by Wall Street's asset tokenization and the growing demand for open blockchain from AI agent systems.Currently, the total value of the crypto assets, cash, and other investments held by BitMine is approximately $9.6 billion, including $247 million in cash, 204 BTC, $180 million in Beast Industries equity, and $88 million in Eightco Holdings Inc. investment.Among them, 4,718,677 ETH have been staked, accounting for over 85% of the total holdings, with a current value of approximately $7.7 billion, and an expected annualized staking yield of about $230 million. BitMine stated that it has become the world's largest enterprise-level Ethereum reserve institution, second only to Strategy Inc.'s Bitcoin reserve scale, and expects to achieve its strategic goal of holding 5% of the total ETH supply by 2026.

According to The Block, a joint letter initiated by Stand With Crypto, the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a prompt full Senate vote on the Digital Asset Market Clarity Act (referred to as the CLARITY Act). More than 200 crypto companies, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, participated in signing.The joint letter points out that the CLARITY Act will establish a comprehensive federal regulatory framework for the digital asset market, clarify the division of responsibilities among regulatory agencies, provide feasible registration pathways, and protect software developers' innovation while encouraging more digital asset businesses to return to the U.S. market. The signatories stated that the act would help keep innovation, jobs, investment, and market activities in the U.S., further solidifying the country's leading position in global digital asset innovation.It is understood that the CLARITY Act received bipartisan support from the Senate Banking Committee last month and passed the committee's review. Senator Cynthia Lummis subsequently stated that the next step for the act will be to enter the full Senate review stage.Additionally, 160 former national security and law enforcement officials had previously signed in support of the act, and U.S. Treasury Secretary Scott Bessent and White House crypto advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of the Trump family's interests in relation to the crypto industry is still seen as one of the main obstacles facing the advancement of the act.

After experiencing a significant sell-off last week, an important on-chain metric for Bitcoin—MVRV Z-Score—is approaching the historical bear market bottom region, indicating that market prices are gradually aligning with on-chain realized value, and the worst phase of the decline may be nearing its end. Data shows that the current Bitcoin MVRV Z-Score is 0.24, close to the zero axis, which is historically regarded as the "green accumulation zone." During past bear markets in 2011-2012, 2014, 2018, and 2022, this metric bottomed out near zero or briefly dipped below zero before starting a new upward cycle.The MVRV Z-Score measures the deviation between Bitcoin's current market value and its realized value. When market prices are significantly above the realized value, it indicates that Bitcoin is relatively expensive; conversely, when prices are close to or below the realized value, it suggests that the market has entered an undervalued area. However, analysts believe that the market may not have formed an absolute bottom yet. On-chain data shows that the short-term holder MVRV (STH-MVRV) is currently at 0.84, while the long-term holder MVRV (LTH-MVRV) remains as high as 1.29, and neither has converged like during the bear market bottoms of 2015, 2019, and 2022. This indicates that long-term holders still retain significant unrealized profits, and the market may still need to undergo further adjustments to form a typical bear market bottom.However, after the cryptocurrency market evaporated hundreds of billions in market value last week, several historical signals indicating market recovery have begun to emerge.

According to SoSoValue data, during the last trading week (Eastern Time from June 1 to June 5), Ethereum spot ETFs experienced a net outflow of $173 million.The Ethereum spot ETF with the highest net outflow last week was the Blackrock ETF ETHA, with a weekly net outflow of $125 million, and the historical total net inflow for ETHA has reached $11.31 billion. The second was the Fidelity ETF FETH, with a weekly net outflow of $26.4459 million, and the historical total net inflow for FETH has reached $2.13 billion.The Ethereum spot ETF with the highest net inflow last week was the Blackrock ETF ETHB, with a weekly net inflow of $3.026 million, and the historical total net inflow for ETHB has reached $534 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $8.590 billion, with an ETF net asset ratio (market value relative to the total market value of Ethereum) of 4.44%, and the historical cumulative net inflow has reached $11.20 billion.

According to SoSoValue data, on June 5th Eastern Time, the total net outflow of Ethereum spot ETFs was $4.8281 million.On June 5th, the Ethereum spot ETF with the highest net inflow was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $4.0062 million, bringing the historical total net inflow of ETHB to $534 million; followed by Grayscale Ethereum Trust ETF ETHE, with a single-day net inflow of $3.1827 million, currently having a historical total net outflow of $5.306 billion.The Ethereum spot ETF with the highest net outflow was Blackrock ETF ETHA, with a single-day net outflow of $13.1547 million, currently having a historical total net inflow of $11.310 billion.As of the time of publication, the total net asset value of Ethereum spot ETFs was $8.592 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.44%, and the historical cumulative net inflow has reached $11.201 billion.

According to Onchain Lens monitoring, BlackRock's associated addresses transferred 3,300 BTC and 15,095 ETH to Coinbase, with a total value of approximately $234.4 million.Among them, 3,300 BTC is valued at approximately $209.22 million, and 15,095 ETH is valued at approximately $25.17 million. Onchain Lens stated that BlackRock may continue to transfer more assets to Coinbase in the future.

According to monitoring by Lookonchain, the newly created address "0x6436" has withdrawn 82,089 HYPE from the exchange in the past 2 hours, worth approximately 51.6 million USD.On-chain data shows that this address has withdrawn a total of 1,140,000 HYPE from the exchange in the past week, worth approximately 792.2 million USD, and has deposited all of it into Hyperliquid for staking.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $632 million, with long positions liquidated at $162 million and short positions liquidated at $470 million. Among them, Bitcoin long positions were liquidated at $52.7081 million, Bitcoin short positions at $239 million, Ethereum long positions at $41.4987 million, and Ethereum short positions at $147 million.In addition, in the last 24 hours, a total of 106,530 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $12.1068 million.

According to SoSoValue data, last week's trading days (Eastern Time from June 1 to June 5), the net inflow of XRP spot ETFs was $2.62 million.The XRP spot ETF with the highest net inflow last week was the Canary ETF XRPC, with a weekly net inflow of $4.132 million, and the historical total net inflow of XRPC has reached $459 million. The second was the Franklin Templeton ETF XRPZ, with a weekly net inflow of $3.8344 million, and the historical total net inflow of XRPZ has reached $396 million.The XRP spot ETF with the highest net outflow last week was the Bitwise ETF XRP, with a weekly net outflow of $4.0561 million, and the historical total net inflow of XRP has reached $467 million.As of the time of publication, the total net asset value of XRP spot ETFs is $928 million, and the ETF net asset ratio (market value as a percentage of total XRP market value) is 1.34%, with a historical cumulative net inflow of $1.430 billion.

According to SoSoValue data, during the last trading week (Eastern Time from June 1 to June 5), the HYPE spot ETF had a net inflow of $16.65 million. The HYPE spot ETF with the highest net inflow last week was the Bitwise ETF BHYP, with a weekly net inflow of $7.684 million, bringing the historical total net inflow of BHYP to $89.5 million. Following that was the Greyscale ETF HYPG, with a weekly net inflow of $4.6973 million, and the historical total net inflow of HYPG currently stands at $4.6973 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $159 million, with an ETF net asset ratio (market value relative to the total market value of HYPE) reaching 1.2%, and the historical cumulative net inflow has reached $149 million.

According to SoSoValue data, last week's trading days (Eastern Time from June 1 to June 5) saw a net outflow of $1.72 billion from Bitcoin spot ETFs. The Bitcoin spot ETF with the highest net outflow last week was the Blackrock ETF IBIT, with a weekly net outflow of $1.337 billion, and the historical total net inflow for IBIT currently stands at $62.47 billion. The second highest was the Fidelity ETF FBTC, with a weekly net outflow of $202 million, and the historical total net inflow for FBTC currently stands at $10.39 billion.The Bitcoin spot ETF with the highest net inflow last week was the Morgan Stanley ETF MSBT, with a weekly net inflow of $35.05 million, and the historical total net inflow for MSBT currently stands at $26.8 million. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $75.12 billion, with an ETF net asset ratio (market value as a percentage of total Bitcoin market value) of 6.08%, and the historical cumulative net inflow has reached $53.94 billion.

According to monitoring by Lookonchain, the market has begun to rebound, but the whale pension-usdt.eth remains bearish. They have increased their short position by 10,000 ETH ($16.8 million), bringing the total short position to 60,000 ETH ($101 million). This trader has achieved 22 consecutive wins, with total profits exceeding $45 million.

The cryptocurrency trading platform CoinUp announced the upcoming launch of its new ecological token CPX's genesis IEO event, which will replace the original platform token CP as the next-generation core token. It is reported that this IEO innovatively adopts the "no-loss subscription" and "sunshine distribution" mechanisms, where the funds used for subscription by users will be fully refunded automatically after the event ends; if the total subscription amount exceeds the target, the system will proportionally allocate CPX quotas to all eligible participants.According to the official schedule, this IEO subscription will be open from June 8, 12:00 PM to June 9, 2:00 PM Beijing time, with settlement and distribution completed between June 9, 2:00 PM and 4:00 PM, and official trading will launch at 8:00 PM Beijing time on June 9.

According to Bloomberg, Moonshot AI is in preliminary talks with potential investors for a new round of financing, aiming to raise over $1 billion, with a maximum of $2 billion, and a valuation target of $30 billion.The report states that this is the company's third round of financing in six months, aimed at addressing the increasingly fierce AI competition in China.