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According to CoinDesk, in a brutal week for the cryptocurrency market, Bitcoin fell 17.3% this week, and Ethereum dropped 22%, with both assets potentially recording their largest weekly declines since November 2022. Additionally, data from TradingView shows that the digital asset market lost about $390 billion in market value this week, hovering above a total market cap of $2 trillion. This is less than half of the nearly $4.2 trillion peak reached in October.The impact was not only on prices. According to CoinGlass data, leveraged positions in digital assets were liquidated this week, totaling about $7 billion, with the most severe sell-offs occurring on Monday and Friday. Approximately $5.7 billion of these positions were long positions. This decline is the result of multiple bearish factors acting simultaneously. Earlier this week, Strategy disclosed that it sold Bitcoin for the first time in nearly four years. This transaction was small, only 32 Bitcoins, worth about $2.5 million. However, this sale unsettled investors who had viewed Michael Saylor's company as a continuous source of demand. Investors also began to question whether Strategy needed to sell more Bitcoin to pay off debts related to its growing preferred stock.Meanwhile, the asset size of Bitcoin ETFs continues to shrink. Vetle Lunde, head of K33 Research, pointed out earlier this week that part of the outflow of funds reflects a broader trend of capital shifting from cryptocurrencies to AI investments. Concerns about AI potentially exposing flaws in cryptocurrency protocols have also intensified this pressure. Zcash (ZEC) was one of the best-performing cryptocurrencies earlier this year, but its price plummeted over 40% after researchers discovered a critical vulnerability in the network's privacy system using Anthropic's latest AI model.The final blow came from a stronger-than-expected U.S. jobs report on Friday, forcing investors to rethink the Federal Reserve's next moves. Earlier this year, the market had anticipated that the central bank would cut interest rates, but now there is increasing expectation that if inflation remains high, the central bank may raise rates. U.S. Treasury yields soared, and the Nasdaq 100 index experienced its worst day since the sell-off triggered by tariffs in April 2025, ending a previously record-setting rally that had been a major source of optimism on Wall Street this year.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0009%. Among the current mainstream exchanges, the rate on Binance is -0.0028%, OKX is -0.0013%, Bybit is -0.0042%, and Gate is -0.0014%.

According to Coinglass data, Binance experienced a net outflow of 306 million USDT in the past 24 hours.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $505 million, with long positions liquidated at $317 million and short positions liquidated at $188 million. Among them, Bitcoin long positions were liquidated at $58.791 million, Bitcoin short positions at $75.1636 million, Ethereum long positions at $93.4777 million, and Ethereum short positions at $45.6091 million.In addition, in the last 24 hours, a total of 139,970 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.0895 million.

According to Coinglass data, if ETH breaks through $1,637, the cumulative short liquidation intensity on mainstream CEX will reach $1.001 billion. Conversely, if ETH falls below $1,483, the cumulative long liquidation intensity on mainstream CEX will reach $932 million.

According to Coinglass data, if BTC breaks through $63,624, the cumulative short liquidation intensity on mainstream CEX will reach $1.696 billion. Conversely, if BTC falls below $57,608, the cumulative long liquidation intensity on mainstream CEX will reach $1.467 billion.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Movistar KOI vs Karmine Corp - LEC Playoffs," the option "Movistar KOI" in the sub-market "First Blood in Game 1" has experienced a dramatic fluctuation in win rate, soaring from 50.5% an hour ago to the current 90.5% (a fluctuation of 40%). Please note the impact of related breaking news.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $779 million, with long positions liquidated at $551 million and short positions liquidated at $228 million. Among them, Bitcoin long positions were liquidated at $151 million, Bitcoin short positions at $91.4792 million, Ethereum long positions at $138 million, and Ethereum short positions at $58.5845 million.In addition, in the last 24 hours, a total of 189,213 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $8.5536 million.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0013%. Among the current mainstream exchanges, the rate on Binance is -0.0035%, OKX is -0.0035%, Bybit is -0.0017%, and Gate is -0.0035%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0016%. Among the current mainstream exchanges, the rate for Binance is -0.0006%, OKX is 0.0005%, Bybit is -0.0005%, and Gate is -0.0013%.

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.

Core contributors of the Zcash ecosystem, ZODL, announced that they are collaborating with Tachyon, Valar Group, Zcash Foundation, and Shielded Labs to propose a new network upgrade plan and privacy pool called Ironwood.Ironwood will be built on the existing Orchard protocol and will further enhance security through formal verification and additional independent audits.

According to on-chain analyst Yu Jin's monitoring, Longling Capital (0x347...dcf) transferred 10,000 ETH to Binance, after which its associated address withdrew 21.94 million USDT from Binance.The address holds 95,800 ETH (worth 149 million USD) in Aave, with a loan of 91.33 million USDT, and the liquidation price of ETH is 1,148 USD.

According to a post by CLLCT founder Darren Rovell on the X platform, Bored Ape Yacht Club (BAYC) #8554 was sold today for only $13,046, while this NFT was previously sold for $147,953 on November 5, 2021, representing a significant price drop of over 90%.Analysis suggests that this transaction reflects significant value fluctuations of some high-end NFTs during the market adjustment period.

According to Coinglass data, if ETH breaks through $1,632, the cumulative short liquidation intensity on mainstream CEX will reach $984 million. Conversely, if ETH falls below $1,479, the cumulative long liquidation intensity on mainstream CEX will reach $833 million.

According to Coinglass data, if BTC breaks through $63,778, the cumulative short liquidation intensity on mainstream CEX will reach $1.79 billion. Conversely, if BTC falls below $57,733, the cumulative long liquidation intensity on mainstream CEX will reach $1.58 billion.

According to Coinglass data, Binance had a net outflow of 261 million USDT in the past 24 hours.

According to CoinDesk, an address from the "Satoshi era" that has never been used since March 2011, holding 35.55 bitcoins (approximately $2.54 million), made a transfer this week, which is seen as one of the first publicly visible responses from defendants in a lawsuit involving approximately 3.8 million bitcoins (valued at about $285 billion) in New York.On-chain data shows that the address transferred 15 BTC to a new address on June 2, keeping the remaining 20.55 BTC as change. The address initially received bitcoins on March 27, 2011, when the price of BTC was less than $1.In March of this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in New York state court alongside two LLCs from Wyoming, attempting to claim ownership of approximately 3.8 million long-dormant bitcoin wallets under New York's lost property law, positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via the bitcoin OP_RETURN field.In July 2025, the advisory firm Salomon Brothers Strategic Advisors sent dust transactions with links to legal notices to 39,000 wallets, including the aforementioned address, requesting holders to prove ownership within 90 days.Alex Thorn, head of research at Galaxy Research, pointed out that the address corresponds to defendant number 38215 in the case, stating, "Clearly, these bitcoins have not actually been abandoned."Additionally, another address that had been dormant for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, also transferred 20 BTC (approximately $1.48 million) on the same day, but this address did not appear on Noah Doe's list of lawsuits.Analysis suggests that the on-chain movements mentioned above indicate that some bitcoins from the Satoshi era, considered "abandoned assets," are actually still under the control of the original holders.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $1.263 billion, with long positions liquidated at $978 million and short positions liquidated at $285 million. Among them, Bitcoin long positions were liquidated at $318 million, Bitcoin short positions at $125 million, Ethereum long positions at $279 million, and Ethereum short positions at $74.875 million.In addition, in the last 24 hours, a total of 262,078 people were liquidated globally, with the largest single liquidation occurring on Bybit - BTCUSD worth $9.0298 million.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to 3.97 billion USD, with long positions totaling 1.962 billion USD, accounting for 49.42% of the holdings, and short positions totaling 2.008 billion USD, accounting for 50.58% of the holdings. The profit and loss for long positions is -258 million USD, while the profit and loss for short positions is 224 million USD.Among them, the whale address 0x50b3..20 has shorted BTC with a 20x leverage at a price of 60,678.3 USD, currently showing an unrealized profit and loss of -491,600 USD.