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According to data from Alternative.me, today's cryptocurrency Fear and Greed Index remains at 12, indicating that the market is in a "state of extreme fear."It is reported that the fear index threshold ranges from 0 to 100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%).

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 Jinshi, the seasonally adjusted non-farm payrolls in the United States increased by 172,000 in May, exceeding the market expectation of an increase of 85,000.

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.

Coinbase posted on the X platform that the first mortgage in the U.S. backed by Fannie Mae and using Bitcoin as the underlying asset has been successfully issued.The loan was initiated and serviced by Better, with technology supported by Coinbase. Coinbase stated that the product will be promoted nationwide this summer, providing innovative mortgage options for Bitcoin holders while advancing the application of crypto assets in traditional finance.

Goldman Sachs announced a collaboration with fund service provider Apex Group, digital asset trading platform Archax, infrastructure provider Ownera, and real estate investment management company LRC Group to launch a blockchain-native real estate fund, further promoting the tokenization of real-world assets (RWA).The fund combines a traditional fund structure with a blockchain-native issuance model, with fund shares tokenized through Goldman Sachs' blockchain platform GS DAP. LRC Group serves as the fund manager, Archax is responsible for regulated digital securities custody and acts as the first distribution partner, while Ownera connects all participants and distribution channels.Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, stated that issuing blockchain-native fund shares through GS DAP allows for more precise investments in real estate assets and creates conditions for easier share transfers in the future.The market believes that as traditional financial institutions accelerate their layout, the tokenization of real-world assets such as real estate is gradually moving from conceptual exploration to practical application.

The stablecoin apxUSD, issued by the Apyx protocol and primarily collateralized by Strategy preferred stock STRC, briefly depegged during the time Bitcoin fell below $63,000, dropping to a low of $0.93. Apyx stated that this fluctuation was not a vulnerability but rather an expected performance of the preferred stock collateralized stablecoin. Since the reserve assets of apxUSD are mainly composed of STRC preferred stock with a face value of $100, when STRC falls below its face value in the secondary market, the market value of the reserve assets will decrease, leading to price fluctuations in the stablecoin.The protocol claims that its stability mechanism includes over-collateralization, a dividend adjustment mechanism, and cash and short-term U.S. Treasury reserves as a buffer. Data shows that since last August, STRC has fallen below its face value four times, but has ultimately returned to $100 each time. In response to market concerns about a chain liquidation in the Morpho lending market, Apyx stated that its core apyUSD/apxUSD market primarily relies on the accumulation of dividend income rather than the spot price of STRC, so related fluctuations will not trigger large-scale liquidations.

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.

According to the official blog, Paradigm has submitted a comment letter to the U.S. Department of the Treasury regarding the rulemaking for state-level regulatory pathways under the GENIUS Act. Paradigm supports the core framework of the proposal but points out that without addressing four issues, the state-level pathway will not effectively serve issuers.First, the proposal anchors the federal framework to the yet-to-be-finalized OCC regulations, requiring states and issuers to plan based on an undecided benchmark, which directly hinders market access. The Treasury should not finalize this rule before the OCC's implementation rules are finalized.Second, the proposal requires unanimous agreement from the heads of the Treasury, the Federal Reserve, and the FDIC to certify the state-level system, but does not set a decision timeline, veto explanation standards, or mechanisms to prevent a single member from indefinitely blocking certification. Paradigm suggests establishing a 180-day decision deadline, creating a corrective process for supplementary submissions, and requiring specific veto explanations.Third, the proposal mandates that the state-level system maintain a reserve fund for 12 months of operating expenses, which may crowd out early issuers. It is suggested that states be allowed to adjust reserve fund requirements based on the size and risk profile of the issuer. Fourth, the proposal fails to adequately preempt hostile actions from individual states, and this loophole must be addressed.

According to Jinshi, the number of JOLTs job openings in the U.S. significantly increased in April, rising from 6,890,000 in March to 7,620,000, reaching the highest level in nearly two years. At the same time, the number of layoffs decreased to 1,690,000, indicating a strong labor market. Although the number of job openings is still below the levels seen during the pandemic reopening, this stability may weaken the rationale for interest rate cuts, and Federal Reserve officials are beginning to discuss the possibility of interest rate hikes.

Solana's official announcement "Building Fully On-Chain Perpetual Contracts on Solana" aims to vigorously promote the ecological construction of fully on-chain perpetual contracts (Perps) in the future, with the goal of making Solana the world's strongest on-chain financial derivatives infrastructure. Currently, the trading volume of crypto derivatives is mainly concentrated on centralized trading platforms or hybrid models that rely on off-chain matching engines, which Solana believes is a transitional phase. It hopes to make a truly fully on-chain derivatives market a reality through the characteristics of high-performance blockchain—where all processes such as order submission, price updates, matching, and clearing are completed on-chain, while maintaining institutional-level speed and low costs.The Solana Foundation will provide funding, technical support, and resource allocation, focusing on supporting projects that meet the following criteria: fully on-chain execution, price discovery based on real bilateral liquidity (rather than purely pool pricing), Solana priority with revenue flowing back on-chain, teams with derivatives experience, and core code being open source. It also welcomes the co-construction of surrounding infrastructure such as front ends, aggregators, vaults, and market-making tools.

According to monitoring by Catcher Predict, in the market prediction on Polymarket regarding the event "The United States announces a new agreement or ceasefire extension with Iran," the "Yes" option in the sub-market "June 30" experienced significant fluctuations in winning probability, soaring from 46.5% an hour ago to the current 62% (a fluctuation of 15.5%). Please note the impact of related breaking news.

SpaceX disclosed in its latest S-1 filing that it holds approximately 18,712 bitcoins, with a current market value of about $1.4 billion, significantly higher than previous market expectations, with a cost of about $661 million. This bitcoin holding has become an important component of SpaceX's balance sheet, accounting for about 1.8% of total assets, making it one of the major corporate bitcoin holders, second only to a few institutions.The more critical issue lies in the financial volatility risk brought about by accounting treatment. Analysts say that measuring bitcoin at fair value will cause its price fluctuations to be directly reflected in the financial reports each quarter, potentially leading to significant profit volatility unrelated to core business (rocket launches, satellite business), creating significant "accounting noise." Market participants believe that this mechanism may make it more difficult for investors to assess SpaceX's true operational performance, with the bitcoin holding potentially evolving from a "strategic reserve asset" to a key variable affecting the stability of financial reports.

According to Gate market data, influenced by reports of Iran halting communication with the United States, the US Dollar Index DXY rose to a daily high of 99.23.

The State Council of China has issued the "Regulations on Foreign Investment," which will take effect on July 1, 2026. China supports investors in conducting foreign investment activities based on market principles and actively participating in international cooperation and competition.Investors have the autonomy for foreign investment according to the law, making independent decisions, bearing risks, and assuming profits and losses. Investors engaging in foreign investment and related activities must comply with laws and regulations as well as international practices, respect local customs and cultural traditions, adhere to business ethics, act honestly and with integrity, compete fairly, fulfill social responsibilities, maintain the national image, and must not disrupt market competition order, damage the ecological environment, or infringe upon the legitimate rights and interests of workers. They must not endanger China's national security, harm national interests, or the public interest of society.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 27, up 3 points from yesterday. The average over the past 7 days is 26, and the average over the past 30 days is 34.

Kraken announced plans to launch its first CFTC-regulated perpetual futures product for the U.S. market within the next 30 days. Eligible U.S. customers will be able to trade perpetual futures on digital assets such as BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, and AVAX through Kraken Pro.Kraken stated that it will gradually expand the types of contracts and product features in the future, as well as provide more collateral options. It is reported that the perpetual futures on Kraken Pro are provided by NinjaTrader Clearing, LLC (operating under the name Kraken Derivatives US), which is a CFTC-registered futures commission merchant. The related spot margin and perpetual futures products will be offered on Bitnomial Exchange, which is a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward.

According to The Block, the United States has seized approximately $1 billion in cryptocurrency assets from Iran, nearly double the government's previous estimate. U.S. Treasury Secretary Scott Basset stated on Friday at the 2026 Reagan National Economic Forum that the U.S. believes Iran is stealing about $400 million to $500 million per month by evading sanctions. "I believe we have seized about $1 billion of their cryptocurrency," he said. "We have directly confiscated their wallets. Some of them may be inputting information right now, but they may not realize that their wallets have already been confiscated." On April 29, Basset stated that the U.S. had seized "nearly $500 million" in Iranian cryptocurrency assets.

The U.S. Commodity Futures Trading Commission (CFTC) has disclosed that it has filed a lawsuit in the U.S. District Court for Rhode Island to prevent the state from applying its gambling laws to contract markets registered with the CFTC. CFTC Chairman Michael S. Selig stated that exchanges registered with the CFTC are facing numerous lawsuits aimed at restricting Americans' participation in event contracts, which undermines the CFTC's exclusive jurisdiction over prediction markets.Selig emphasized that event contracts are commodity derivatives and fall entirely within the CFTC's regulatory scope. The CFTC is also facing similar jurisdictional challenges in states such as Arizona, Connecticut, Illinois, New York, and Minnesota. The CFTC stated that the Commodity Exchange Act grants it exclusive jurisdiction over event contracts.

According to Jinshi reports, Federal Reserve's Musalem stated on Thursday that, like several Federal Reserve decision-makers last month, he believes the phrase "accommodative stance" should be removed from the post-meeting statement to create the possibility for interest rate hikes. He supports this interest rate decision and believes that the accommodative stance no longer aligns with the economic outlook and risk balance.