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On June 1, the Chengdu Municipal Committee of the Communist Party of China and the Chengdu Municipal People's Government issued the 'Opinions on Accelerating the Construction of a National Advanced Manufacturing Base.' The opinions propose a forward-looking layout for future industries. They aim to implement incubation and cultivation projects, improve proactive discovery and selection mechanisms, and accelerate the development of new sectors such as nuclear fusion energy, brain-computer interfaces, quantum technology, intelligent perception, embodied intelligence, sixth-generation mobile communications, biomanufacturing, cell and gene therapy, flying cars, and cutting-edge new materials. The goal is to establish a leading area for future industries, seize the high ground of development, and create a new technological highland.

[Chengdu: Accelerating the Development of New Sectors such as Nuclear Fusion Energy, Brain-Computer Interfaces, and Quantum Technology]On June 1, the Chengdu Municipal Committee of the Communist Party of China and the Chengdu Municipal People's Government issued the 'Opinions on Accelerating the Construction of a National Advanced Manufacturing Base.' The opinions propose a forward-looking layout for future industries. They aim to implement incubation and cultivation projects, improve proactive discovery and selection mechanisms, and accelerate the development of new sectors such as nuclear fusion energy, brain-computer interfaces, quantum technology, intelligent perception, embodied intelligence, sixth-generation mobile communications, biomanufacturing, cell and gene therapy, flying cars, and cutting-edge new materials. The goal is to establish a leading area for future industries, seize the high ground of development, and create a new technological highland.

Chengdu: Accelerating the Development of New Sectors such as Nuclear Fusion Energy, Brain-Computer Interfaces, and Quantum Technology

On June 1, The Block reported that Isabel Schnabel, a member of the European Central Bank's Executive Board, stated that the rapid development of stablecoins poses risks to financial stability, monetary policy transmission, and the international monetary system. Central banks should respond by strengthening regulation and advancing the construction of central bank digital currencies (CBDCs). She emphasized that the digital euro is crucial for maintaining the anchoring role of central bank currencies. The global market value of stablecoins has approached $300 billion, with Tether USDT and USD Coin USDC together accounting for about 90% of the market share. She warned that dollar-denominated stablecoins are further reinforcing the dominance of the dollar in the global financial system through network effects, potentially amplifying the transmission of U.S. monetary policy globally, while euro stablecoins currently remain on the fringes.

[ECB Executive: Digital Euro is Key Tool Against Stablecoin Risks]On June 1, The Block reported that Isabel Schnabel, a member of the European Central Bank's Executive Board, stated that the rapid development of stablecoins poses risks to financial stability, monetary policy transmission, and the international monetary system. Central banks should respond by strengthening regulation and advancing the construction of central bank digital currencies (CBDCs). She emphasized that the digital euro is crucial for maintaining the anchoring role of central bank currencies. The global market value of stablecoins has approached $300 billion, with Tether USDT and USD Coin USDC together accounting for about 90% of the market share. She warned that dollar-denominated stablecoins are further reinforcing the dominance of the dollar in the global financial system through network effects, potentially amplifying the transmission of U.S. monetary policy globally, while euro stablecoins currently remain on the fringes.

ECB Executive: Digital Euro is Key Tool Against Stablecoin Risks

On June 1, Cointelegraph reported that crypto liquidity provider Wintermute announced its entry into the prediction market sector, offering bilateral market liquidity for prediction contracts on leading platforms. Jake Ostrovskis, head of over-the-counter trading at Wintermute, stated that prediction markets exhibit demand characteristics of a major asset class, yet liquidity remains in its early stages. Continuous bilateral liquidity is needed to narrow spreads, support larger trading volumes, and improve the reliability of market-implied probabilities. Wintermute currently has an annual trading volume of $3.5 trillion and manages spot, derivatives, DeFi, and OTC crypto markets.

[Wintermute Enters Prediction Market, Providing Bilateral Liquidity to Narrow Spreads]On June 1, Cointelegraph reported that crypto liquidity provider Wintermute announced its entry into the prediction market sector, offering bilateral market liquidity for prediction contracts on leading platforms. Jake Ostrovskis, head of over-the-counter trading at Wintermute, stated that prediction markets exhibit demand characteristics of a major asset class, yet liquidity remains in its early stages. Continuous bilateral liquidity is needed to narrow spreads, support larger trading volumes, and improve the reliability of market-implied probabilities. Wintermute currently has an annual trading volume of $3.5 trillion and manages spot, derivatives, DeFi, and OTC crypto markets.

Wintermute Enters Prediction Market, Providing Bilateral Liquidity to Narrow Spreads

On June 1, The Block reported that Isabel Schnabel, a member of the European Central Bank's Executive Board, stated that the rapid development of stablecoins poses risks to financial stability, the transmission of monetary policy, and the international monetary system. Central banks should respond by strengthening regulation and advancing the construction of central bank digital currencies (CBDCs). She believes that the digital euro is crucial for maintaining the anchoring role of central bank currencies. The global market capitalization of stablecoins has approached $300 billion, with Tether USDT and USD Coin USDC together accounting for about 90% of the market share. Dollar-denominated stablecoins are further reinforcing the dominance of the dollar in the global financial system through network effects, potentially amplifying the transmission of U.S. monetary policy globally, while euro stablecoins remain on the periphery. Additionally, Schnabel stated that Europe should not resist financial innovation but should ensure that innovation develops within a framework that maintains financial stability, monetary control, and public trust. She believes that the digital euro can not only ensure the public continues to access central bank money but also reduce Europe's dependence on non-European payment service providers, enhance European financial autonomy, and provide Europe with a unified payment solution with legal tender status.

[ECB Executive: Digital Euro is Key Tool Against Stablecoin Risks]On June 1, The Block reported that Isabel Schnabel, a member of the European Central Bank's Executive Board, stated that the rapid development of stablecoins poses risks to financial stability, the transmission of monetary policy, and the international monetary system. Central banks should respond by strengthening regulation and advancing the construction of central bank digital currencies (CBDCs). She believes that the digital euro is crucial for maintaining the anchoring role of central bank currencies. The global market capitalization of stablecoins has approached $300 billion, with Tether USDT and USD Coin USDC together accounting for about 90% of the market share. Dollar-denominated stablecoins are further reinforcing the dominance of the dollar in the global financial system through network effects, potentially amplifying the transmission of U.S. monetary policy globally, while euro stablecoins remain on the periphery. Additionally, Schnabel stated that Europe should not resist financial innovation but should ensure that innovation develops within a framework that maintains financial stability, monetary control, and public trust. She believes that the digital euro can not only ensure the public continues to access central bank money but also reduce Europe's dependence on non-European payment service providers, enhance European financial autonomy, and provide Europe with a unified payment solution with legal tender status.

On June 1, according to data from Farside Investors, the US spot Bitcoin ETF experienced a total net outflow of $2.406 billion in May. Among these, BlackRock's IBIT had a net outflow of $1.411 billion, leading the outflows; Grayscale's GBTC saw a net outflow of $330 million, ARKB had a net outflow of $314 million, and FBTC recorded a net outflow of $274 million. Additionally, BITB, EZBC, and BTCO had net outflows of $85.6 million, $34.7 million, and $12.2 million, respectively. BRRR, HODL, and BTC products also recorded slight net outflows. MSBT was the only product to achieve a net inflow for the month, with a net inflow of $68.9 million. Overall, the fund flow for US spot Bitcoin ETFs turned negative in May, indicating continued pressure on market sentiment.

[US Spot Bitcoin ETF Sees $2.406 Billion Net Outflow in May, IBIT Leads with Over $1.411 Billion]On June 1, according to data from Farside Investors, the US spot Bitcoin ETF experienced a total net outflow of $2.406 billion in May. Among these, BlackRock's IBIT had a net outflow of $1.411 billion, leading the outflows; Grayscale's GBTC saw a net outflow of $330 million, ARKB had a net outflow of $314 million, and FBTC recorded a net outflow of $274 million. Additionally, BITB, EZBC, and BTCO had net outflows of $85.6 million, $34.7 million, and $12.2 million, respectively. BRRR, HODL, and BTC products also recorded slight net outflows. MSBT was the only product to achieve a net inflow for the month, with a net inflow of $68.9 million. Overall, the fund flow for US spot Bitcoin ETFs turned negative in May, indicating continued pressure on market sentiment.

US Spot Bitcoin ETF Sees $2.406 Billion Net Outflow in May, IBIT Leads with Over $1.411 Billion

On June 1, as market speculation continues to surge, Bank of America's bull-bear indicator has climbed from 8.0 to 8.5, signaling a 'sell' signal. The report warns that since 2002, this indicator has triggered sell signals 17 times, with global stock markets averaging a decline of 2% to 3% within 2 to 3 months, and maximum corrections reaching 15% to 20%. Bank of America points out that the recent spike in the bull-bear indicator is primarily driven by strong inflows into high-yield bonds (HY) and emerging market debt, alongside the bank's global breadth rule indicating that the market is 'overbought,' with a net 57% of stock indices trading above their 50-day and 200-day moving averages. 

Despite the S&P 500 index reaching new highs, the market structure is extremely fragile. Currently, only 21 stocks (about 4%) in the index have reached new highs, a figure reminiscent of the 20 stocks at the peak of the dot-com bubble in March 2000. Additionally, 222 stocks in the index have fallen over 20% from their highs, with 109 of those down more than 40%. Institutions and global funds have begun to withdraw. Last week, global stocks recorded a net outflow of $7 billion, marking the first outflow in nine weeks. Among these, the Japanese stock market saw an outflow of $8.2 billion, the largest single-week outflow since May 2025. 

In the face of a late-stage bubble market, Bank of America has provided a historical investment roadmap since 1929—advocating for the purchase of long-term bonds (historically, the median yield of 10-year Treasury bonds declines by 45 basis points within six months after the market peaks) and deploying defensive sectors, or sectors that have performed extremely poorly at the end of a bubble, while avoiding previously overhyped assets.

[Bank of America: Bull-Bear Indicator Rises to 8.5, Triggering 'Sell' Signal, Warns of Imminent Global Market Correction]On June 1, as market speculation continues to surge, Bank of America's bull-bear indicator has climbed from 8.0 to 8.5, signaling a 'sell' signal. The report warns that since 2002, this indicator has triggered sell signals 17 times, with global stock markets averaging a decline of 2% to 3% within 2 to 3 months, and maximum corrections reaching 15% to 20%. Bank of America points out that the recent spike in the bull-bear indicator is primarily driven by strong inflows into high-yield bonds (HY) and emerging market debt, alongside the bank's global breadth rule indicating that the market is 'overbought,' with a net 57% of stock indices trading above their 50-day and 200-day moving averages. 

Despite the S&P 500 index reaching new highs, the market structure is extremely fragile. Currently, only 21 stocks (about 4%) in the index have reached new highs, a figure reminiscent of the 20 stocks at the peak of the dot-com bubble in March 2000. Additionally, 222 stocks in the index have fallen over 20% from their highs, with 109 of those down more than 40%. Institutions and global funds have begun to withdraw. Last week, global stocks recorded a net outflow of $7 billion, marking the first outflow in nine weeks. Among these, the Japanese stock market saw an outflow of $8.2 billion, the largest single-week outflow since May 2025. 

In the face of a late-stage bubble market, Bank of America has provided a historical investment roadmap since 1929—advocating for the purchase of long-term bonds (historically, the median yield of 10-year Treasury bonds declines by 45 basis points within six months after the market peaks) and deploying defensive sectors, or sectors that have performed extremely poorly at the end of a bubble, while avoiding previously overhyped assets.

Bank of America: Bull-Bear Indicator Rises to 8.5, Triggering 'Sell' Signal, Warns of Imminent Global Market Correction

On June 1, WTI crude oil surged 3% within the day, currently priced at $92.94 per barrel. WTI crude oil futures have surpassed $91 per barrel, with an intraday increase of 4.17%.

[WTI Crude Oil Surges 3% in One Day]On June 1, WTI crude oil surged 3% within the day, currently priced at $92.94 per barrel. WTI crude oil futures have surpassed $91 per barrel, with an intraday increase of 4.17%.

WTI Crude Oil Surges 3% in One Day

According to monitoring by Beating, Sam Altman posted on X announcing that OpenAI Robotics is hiring full-stack hardware, operations, systems, and machine learning engineers, with the goal of programming and manufacturing socially beneficial robots. The short-term focus is on creating robots to assist technical workers in building infrastructure, while the long-term vision is for everyone to have a personal robot capable of doing anything. Altman confirmed in the post that the world simulation research project led by Aditya Ramesh has evolved into OpenAI Robotics over the past year, with hardware and algorithms designed together from the start, showing rapid progress. OpenAI President Brockman previously explained the logic behind this shift in an interview on the Big Technology Podcast: the world model of Sora and the core GPT reasoning series belong to two different branches of the technology tree, and with limited computing power, it was not possible to advance both simultaneously. Therefore, the consumer application of Sora was cut, and research resources were concentrated on robotics. He also stated that robots are not yet mature enough for large-scale deployment, and the knowledge work sector will still be the area that truly takes off next year.

[Altman Announces: OpenAI Officially Ventures into Robotics, Aiming for Personal Robots for Everyone]According to monitoring by Beating, Sam Altman posted on X announcing that OpenAI Robotics is hiring full-stack hardware, operations, systems, and machine learning engineers, with the goal of programming and manufacturing socially beneficial robots. The short-term focus is on creating robots to assist technical workers in building infrastructure, while the long-term vision is for everyone to have a personal robot capable of doing anything. Altman confirmed in the post that the world simulation research project led by Aditya Ramesh has evolved into OpenAI Robotics over the past year, with hardware and algorithms designed together from the start, showing rapid progress. OpenAI President Brockman previously explained the logic behind this shift in an interview on the Big Technology Podcast: the world model of Sora and the core GPT reasoning series belong to two different branches of the technology tree, and with limited computing power, it was not possible to advance both simultaneously. Therefore, the consumer application of Sora was cut, and research resources were concentrated on robotics. He also stated that robots are not yet mature enough for large-scale deployment, and the knowledge work sector will still be the area that truly takes off next year.

Altman Announces: OpenAI Officially Ventures into Robotics, Aiming for Personal Robots for Everyone

On June 1, Huawei announced that the Huawei Developer Conference 2026 will be held from June 12 to June 14 in Songshan Lake, Dongguan. The event will showcase innovative cases from ecosystem partners, developer content, as well as the latest HarmonyOS features and AI capabilities.

[Huawei Developer Conference 2026 Scheduled for June 12-14]On June 1, Huawei announced that the Huawei Developer Conference 2026 will be held from June 12 to June 14 in Songshan Lake, Dongguan. The event will showcase innovative cases from ecosystem partners, developer content, as well as the latest HarmonyOS features and AI capabilities.

Huawei Developer Conference 2026 Scheduled for June 12-14

The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European hours on Monday, making it the second-largest crypto market sector, according to data source DeFi Llama.  The total value locked in the DeFi lending and borrowing protocols was $13.7 billion, the third largest, while decentralized exchanges, with deposits of $19.4 billion, held the top spot.
Ethereum's upcoming Shanghai upgrade, which will allow stakers to withdraw the ether (ETH) they have staked and the accumulated rewards for the first time, has galvanized investor interest in liquid staking.  Liquid staking is the best-performing crypto sector this year, with growth in total value locked (TVL) approaching 60%.

Detail

【Liquid staking replaces DeFi lending as second-largest crypto sector】The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European hours on Monday, making it the second-largest crypto market sector, according to data source DeFi Llama.  The total value locked in the DeFi lending and borrowing protocols was $13.7 billion, the third largest, while decentralized exchanges, with deposits of $19.4 billion, held the top spot.
Ethereum's upcoming Shanghai upgrade, which will allow stakers to withdraw the ether (ETH) they have staked and the accumulated rewards for the first time, has galvanized investor interest in liquid staking.  Liquid staking is the best-performing crypto sector this year, with growth in total value locked (TVL) approaching 60%.

Liquid staking replaces DeFi lending as second-largest crypto sector

Microsoft to Discontinue Using Claude: Too Expensive, or a Calculated Move?

NeoCloud Three Giants: NBIS, IREN, CRWV – Which One Has More Investment Value?

US Spot Bitcoin ETFs Near Yearly Outflow Territory

New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

Galxe: How a Quest Platform Evolved into Web3's Growth Infrastructure

DeFi Has Reached Its Most Dangerous Moment: The Real Vulnerabilities Are Not in the Code

Eric Trump Sets A “Beyond Catastrophic” Bar To Sell Bitcoin — How Far Are We From That?

Investors Frantically Snap Up AI Firms with 'No Profits': A High-Stakes Gamble on 'the Right to Define the Future'

The 'Stock Call King' Serenity: 3840% Annual Return, Beating Institutions to the Punch

Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

Article

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Liquid staking replaces DeFi lending as second-largest crypto sector

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