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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 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 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 Jinshi News, driven by strong U.S. employment data, the market generally expects the Federal Reserve to raise interest rates this year, which has put pressure on the gold market and led to gold completely reversing its gains for the year.During the U.S. trading session, spot gold fell about 3.5%, breaking below $4320 per ounce, failing to maintain its upward trend this year. At the same time, both bond yields and the U.S. dollar exchange rate rose. Currently, the strong performance of the labor market leaves room for Federal Reserve officials to raise interest rates, although tensions in the Middle East have pushed up energy prices. Rising interest rates are generally unfavorable for non-yielding precious metals.

According to a Securitize announcement, the U.S. Securities and Exchange Commission (SEC) has announced that its Form S-4 registration statement for the merger transaction with SPAC company Cantor Equity Partners II has officially become effective. This means that Securitize's listing process has made significant progress, and CEPT shareholders will hold a special meeting on June 29, 2026, to vote. If approved, the transaction is expected to be completed shortly thereafter.After the transaction is completed, the merged company is expected to operate under the name "Securitize Corp." and be listed on the New York Stock Exchange with the stock ticker "SECZ."

According to on-chain analyst Yu Jin's monitoring, if the ETH price drops another $40 to $1,555, a previous whale using borrowing leverage on Aave may face liquidation risk.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $107,152.21 in the event "Roland Garros ATP: Jakub Mensik vs Alexander Zverev." Based on the current transaction price, the latest corresponding winning probability for this target is 88%.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Roland Garros ATP: Jakub Mensik vs. Alexander Zverev," the option "Jakub Mensik" in the sub-market "Roland Garros ATP: Jakub Mensik vs. Alexander Zverev" experienced a dramatic fluctuation in winning probability, soaring from 25.5% an hour ago to the current 50% (a fluctuation of 24.5%). Please note the impact of relevant breaking news.

According to Jinshi reports, the market is currently pricing in a Federal Reserve interest rate hike in January next year, with the expected timing before the non-farm data release being March next year.

According to Jinshi, the U.S. Bureau of Labor Statistics announced that the non-farm payroll employment for March was revised from 201,000 to 214,000; the non-farm payroll employment for April was revised from 115,000 to 179,000.After the revisions, the total number of new jobs for March and April is 93,000 higher than before the revisions.

Bitget CEO Gracy Chen recently elaborated on Bitget's strategic layout in the field of tokenized assets during an online AMA titled "The Future of RWA" hosted by Reality. She revealed that since proposing the Universal Exchange (UEX) strategy in early 2025, Bitget has been accelerating its evolution from a traditional crypto exchange to a platform covering all categories of assets. During a meeting with the COO of BlackRock, she introduced the "10% Vision": it is expected that by 2030, approximately 10% of global financial assets will exist in tokenized form. Currently, the penetration rate of tokenized stocks is only 0.01%, indicating a significant incremental space in traditional financial markets, which is precisely the trend that Reality is built upon.Gracy summarized "why now" as the convergence of five major trends: stablecoins have become a global settlement channel, especially in regions where fiat currencies are weak, creating demand for dollar-denominated investment products; there is a surge in user willingness for diversified asset allocation; blockchain performance, custody, compliance, and market maker systems are maturing; regulatory frameworks in the US, Europe, and Hong Kong are moving from ambiguity to structured clarity; and the market's demand for capital efficiency is driving the release of new liquidity in tokenized assets.When discussing the pain points of the tokenized stock market, Gracy stated that some existing issuers often cause a deviation between the token price and the underlying asset price when handling corporate actions such as dividends and stock splits. The Reality platform is focused on addressing this issue by strictly aligning the Net Asset Value (NAV), supporting the mapping of dividends and corporate actions, and enhancing the consistency between tokenized assets and the real underlying assets. She also revealed that Bitget will continue to expand asset categories and further improve the UEX Universal Exchange ecosystem.

Former co-founder of Multicoin Capital, Kyle Samani, posted on X revealing: "For those wondering what my next plan is, I am developing a consumer product."It is worth mentioning that Solana founder toly retweeted this post, which may imply that the product has some connection to Solana.

According to the Financial Times, Goldman Sachs expects that one of the core assumptions for SpaceX's $1.78 trillion initial public offering valuation is that its AI division's revenue will grow approximately 100 times by 2030 compared to 2025, increasing from $3.2 billion to $322 billion; SpaceX's total revenue is expected to rise from $18.7 billion to $474 billion during the same period. The prospectus shows that xAI will incur a loss of $6.4 billion in 2025.Goldman Sachs also predicts that the division's revenue will grow by 388% year-on-year to $15.6 billion in 2026, reaching $34.5 billion in 2027; Starlink and rocket business revenues are expected to be $144 billion and $8.3 billion, respectively, by 2030.

At the annual shareholder meeting held in Hsinchu, TSMC Chairman and CEO C.C. Wei stated that the global chip supply will still be unable to meet the surge in AI demand in the coming years. Even though TSMC is expanding its capacity in the United States, it will be difficult to fully meet the needs of American customers, and achieving a balance between supply and demand will take a long time.C.C. Wei reiterated that TSMC's sales are still expected to grow by more than 30% this year. The company's capital expenditure is expected to approach the upper limit of $56 billion this year, while global major hyperscale cloud service providers are expected to spend $725 billion in the AI sector. Affected by Broadcom's performance outlook, TSMC's stock price in Taipei fell slightly by 1%, but the cumulative increase over the past three years has exceeded four times. C.C. Wei also stated that the average bonus for employees will increase by more than 30% this year.

Drift Protocol stated that its current top priority is to restart the platform and restore revenue-generating capabilities to expedite the recovery process of user funds. After the platform restarts, it will become the largest USDT-based perpetual contract trading platform on Solana, and the related revenue will be used to support a specially established user compensation fund.Drift claims that substantial progress has been made in the restart efforts with strategic support from Tether and other partners. To enhance security, Drift announced the appointment of Noah Prince, the former head of engineering at Helium Protocol, as the protocol lead, responsible for protocol restructuring and security system upgrades.Meanwhile, former members of the Gauntlet team have also joined the restart efforts, providing risk management and treasury design support for the platform, including clearing engine reviews, funding rate optimization, market parameter adjustments, and ongoing risk monitoring. Additionally, Drift has hired the cybersecurity company Mandiant to conduct an independent forensic investigation of the attack incident.The investigation results indicate that this attack can be clearly attributed to the North Korean hacker group UNC6862, which is associated with multiple cyber attack operations. Drift stated that it will continue to prioritize security in advancing the platform restart and will announce the user compensation mechanism and specific timeline in the future.

According to Bitcoin.com, in May, the total revenue of Bitcoin miners reached $1.086 billion, breaking the $1 billion mark for the first time since January, with block subsidies accounting for $1.079 billion and transaction fees contributing minimally. However, with the decline in Bitcoin prices, miners are facing profitability pressure.Hashrate has dropped from the 1000 EH/s range to below 975 EH/s, and daily revenue per PH/s (mining price) has decreased from $37.44 a month ago to about $30.77, a decline of 17.82%. The block output interval has extended to 10 minutes and 49 seconds, and it is expected that the network difficulty may decrease by 7.5% around June 13. The proportion of transaction fees in the block reward has rebounded from less than 0.6% to about 1.16% in the past 24 hours, providing a slight buffer for miners.

According to DeFiLlama data, after the launch of US stock trading on June 1, Binance saw a significant acceleration in capital inflow, with a net inflow of approximately $771 million in the past 24 hours. In contrast, May was primarily characterized by net outflows, with a net outflow of about $1.2 billion in stablecoins, and last week (May 25-31) also experienced outflows. The introduction of US stock trading is effectively attracting user funds.On the afternoon of June 1, Binance officially launched US stock and ETF trading services, offering non-US users access to over 7,000 US stocks and ETFs, supporting zero commissions, starting purchases at $5, and allowing direct trading with USDT, USDC, and others.

According to Jinshi, the ADP employment number in the U.S. for May is 122,000, expected to be 117,000, and the previous value was 109,000.

The cryptocurrency project World Liberty Financial (WLFI), supported by the Trump family, stated that in light of recent updates to sanctions measures, WLFI maintains a risk-based sanctions compliance control mechanism to support legal and regulatory obligations applicable within relevant jurisdictions. Transactions involving sanctioned individuals, entities, or related wallet addresses may face enhanced scrutiny, denial, restrictions, or other appropriate compliance measures.Users should ensure that the source of funds and the original wallet address are not related to sanctioned individuals or prohibited activities when transferring digital assets. If transactions or accounts are affected during the compliance review process, its support team will assist users in taking subsequent steps.