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On June 1, The New York Times reported that as the 2026 U.S. midterm elections approach, President Trump’s control over the Republican Party has further strengthened. Multiple media outlets have noted that candidates endorsed by Trump have maintained a very high win rate in this year’s Republican primaries, with Texas Attorney General Ken Paxton defeating veteran Senator John Cornyn being seen as the latest example of his dominance over the party's direction. However, analysts believe that Trump’s success in the party primaries does not necessarily translate into victories in the midterm elections. With ongoing issues related to the economy, inflation, and foreign policy, the Republican Party still faces challenges in appealing to a broader electorate. Some Republican strategists are concerned that Trump’s continued push for a 'loyalty-first' candidate selection mechanism may weaken the party's competitiveness in swing states and among moderate voters. Currently, the Democratic Party is attempting to leverage Trump’s declining approval ratings and the historical trend of 'governing parties facing pressure in midterm elections' to contest control of Congress. Although Trump has largely reshaped the Republican Party from within, the 2026 midterm elections will still serve as a critical test of whether his political influence can translate into national victories.

[Trump Dominates Republican Primaries, But Midterm Elections Remain Uncertain]On June 1, The New York Times reported that as the 2026 U.S. midterm elections approach, President Trump’s control over the Republican Party has further strengthened. Multiple media outlets have noted that candidates endorsed by Trump have maintained a very high win rate in this year’s Republican primaries, with Texas Attorney General Ken Paxton defeating veteran Senator John Cornyn being seen as the latest example of his dominance over the party's direction. However, analysts believe that Trump’s success in the party primaries does not necessarily translate into victories in the midterm elections. With ongoing issues related to the economy, inflation, and foreign policy, the Republican Party still faces challenges in appealing to a broader electorate. Some Republican strategists are concerned that Trump’s continued push for a 'loyalty-first' candidate selection mechanism may weaken the party's competitiveness in swing states and among moderate voters. Currently, the Democratic Party is attempting to leverage Trump’s declining approval ratings and the historical trend of 'governing parties facing pressure in midterm elections' to contest control of Congress. Although Trump has largely reshaped the Republican Party from within, the 2026 midterm elections will still serve as a critical test of whether his political influence can translate into national victories.

Trump Dominates Republican Primaries, But Midterm Elections Remain Uncertain

As of June 1, data from Dune shows that the total on-chain holdings of the U.S. spot Bitcoin ETF have surpassed 1.7 million BTC, currently reaching approximately 1.736 million BTC, which accounts for 8.66% of the current BTC supply. The on-chain holdings are valued at around $196.2 billion.

[U.S. Spot Bitcoin ETF On-Chain Holdings Exceed 1.7 Million BTC]As of June 1, data from Dune shows that the total on-chain holdings of the U.S. spot Bitcoin ETF have surpassed 1.7 million BTC, currently reaching approximately 1.736 million BTC, which accounts for 8.66% of the current BTC supply. The on-chain holdings are valued at around $196.2 billion.

U.S. Spot Bitcoin ETF On-Chain Holdings Exceed 1.7 Million BTC

On June 1, Changxin Technology's IPO on the Sci-Tech Innovation Board was recently approved by the Shanghai Stock Exchange's listing committee. According to the prospectus, the company has implemented two phases of employee stock ownership plans, granting shares to a total of 6,760 employees, with the second phase's stock cost set at only 0.108 yuan per share. Based on market expectations of a valuation exceeding 2 trillion yuan, Changxin Technology is expected to create at least 13 billionaires and thousands of millionaires post-listing. In terms of performance, Changxin Technology achieved a revenue of 50.8 billion yuan in the first quarter of 2026, a year-on-year increase of 719%, with a net profit attributable to shareholders of 24.76 billion yuan, marking a turnaround from losses; in 2024, it ranked fourth in the global DRAM market share and first in China. Another domestic storage leader, Yangtze Memory Technologies, has also initiated its listing guidance, with its NAND flash memory global market share exceeding 10%. Behind the rapid rise of these two companies, local state-owned assets play a crucial role. Public information shows that Anhui state-owned assets hold approximately 46.7% of Changxin Technology, while Hubei state-owned assets hold over 44% of Yangtze Memory Technologies. After nearly a decade of continuous investment and support, Hefei and Wuhan have each nurtured leading enterprises in the domestic DRAM and NAND sectors, driving the aggregation of upstream and downstream industrial chains and forming a trillion-yuan-level integrated circuit industry cluster. Industry insiders believe that the explosive demand for AI computing power is driving storage chips into a new prosperity cycle, and the rise of Changxin Technology and Yangtze Memory Technologies not only represents a significant breakthrough for domestic storage but also signifies that the competitive landscape of China's integrated circuit industry is gradually shifting from dominance by a few leading cities to a more diversified development.

[Changxin Technology's IPO May Create 13 Billionaires, Hefei and Wuhan's 'Dual City Memory Chip' Focus Draws Attention]On June 1, Changxin Technology's IPO on the Sci-Tech Innovation Board was recently approved by the Shanghai Stock Exchange's listing committee. According to the prospectus, the company has implemented two phases of employee stock ownership plans, granting shares to a total of 6,760 employees, with the second phase's stock cost set at only 0.108 yuan per share. Based on market expectations of a valuation exceeding 2 trillion yuan, Changxin Technology is expected to create at least 13 billionaires and thousands of millionaires post-listing. In terms of performance, Changxin Technology achieved a revenue of 50.8 billion yuan in the first quarter of 2026, a year-on-year increase of 719%, with a net profit attributable to shareholders of 24.76 billion yuan, marking a turnaround from losses; in 2024, it ranked fourth in the global DRAM market share and first in China. Another domestic storage leader, Yangtze Memory Technologies, has also initiated its listing guidance, with its NAND flash memory global market share exceeding 10%. Behind the rapid rise of these two companies, local state-owned assets play a crucial role. Public information shows that Anhui state-owned assets hold approximately 46.7% of Changxin Technology, while Hubei state-owned assets hold over 44% of Yangtze Memory Technologies. After nearly a decade of continuous investment and support, Hefei and Wuhan have each nurtured leading enterprises in the domestic DRAM and NAND sectors, driving the aggregation of upstream and downstream industrial chains and forming a trillion-yuan-level integrated circuit industry cluster. Industry insiders believe that the explosive demand for AI computing power is driving storage chips into a new prosperity cycle, and the rise of Changxin Technology and Yangtze Memory Technologies not only represents a significant breakthrough for domestic storage but also signifies that the competitive landscape of China's integrated circuit industry is gradually shifting from dominance by a few leading cities to a more diversified development.

Changxin Technology's IPO May Create 13 Billionaires, Hefei and Wuhan's 'Dual City Memory Chip' Focus Draws Attention

On June 1, the head of the Iranian government's information committee, Hazrati, stated that President Pezeshkian is fully focused on handling national affairs. This comes after reports suggested that President Pezeshkian had submitted a resignation request to the office of the Supreme Leader through an official letter.

[Iranian Officials Deny Rumors of President's Resignation]On June 1, the head of the Iranian government's information committee, Hazrati, stated that President Pezeshkian is fully focused on handling national affairs. This comes after reports suggested that President Pezeshkian had submitted a resignation request to the office of the Supreme Leader through an official letter.

Iranian Officials Deny Rumors of President's Resignation

On June 1, according to data from Coinglass, Bitcoin has experienced 13 'June' market trends since 2013, with 7 instances of gains and 6 instances of losses, resulting in a nearly balanced count. The largest increase occurred in June 2016, with a monthly gain of 27.14%, while the largest decline happened in June 2022, with a monthly drop of 37.28%. From 2013 to the present, Bitcoin's average return for the month of June is -0.14%, which is only better than September's -3.08%, making it the second worst performing month of the year. The median return is 2.2%, indicating overall performance is weaker than most months.

[Bitcoin's Historical June Returns: 7 Gains and 6 Losses Since 2013, Average Return -0.14%]On June 1, according to data from Coinglass, Bitcoin has experienced 13 'June' market trends since 2013, with 7 instances of gains and 6 instances of losses, resulting in a nearly balanced count. The largest increase occurred in June 2016, with a monthly gain of 27.14%, while the largest decline happened in June 2022, with a monthly drop of 37.28%. From 2013 to the present, Bitcoin's average return for the month of June is -0.14%, which is only better than September's -3.08%, making it the second worst performing month of the year. The median return is 2.2%, indicating overall performance is weaker than most months.

Bitcoin's Historical June Returns: 7 Gains and 6 Losses Since 2013, Average Return -0.14%

On June 1, according to data from DefiLlama, the total market value of Real World Asset (RWA) tokenization on the blockchain has reached $26.61 billion. Among them: 
· Tether Gold chain has a market value of $3.196 billion; 
· BlackRock BUIDL chain has a market value of $2.981 billion; 
· US Yield Coin chain has a market value of $2.957 billion;

[Total Market Value of RWA Blockchain Reaches $26.61 Billion]On June 1, according to data from DefiLlama, the total market value of Real World Asset (RWA) tokenization on the blockchain has reached $26.61 billion. Among them: 
· Tether Gold chain has a market value of $3.196 billion; 
· BlackRock BUIDL chain has a market value of $2.981 billion; 
· US Yield Coin chain has a market value of $2.957 billion;

Total Market Value of RWA Blockchain Reaches $26.61 Billion

On June 1, according to Iran's Tasnim News Agency, Iran will make new modifications to the possible memorandum of understanding text. A knowledgeable source commented on reports from U.S. media that Trump has proposed new modifications to the existing text, stating: "Text exchanges are still ongoing, and Iran may make its own modifications to the text; nothing has been finalized yet." The source emphasized: "For Iran, the standard is the text that we accept ourselves; Trump's amendments do not mean that Iran accepts these modifications." This knowledgeable source indicated that Iran is fully prepared for any potential misunderstandings.

[Iran to Make New Modifications to Possible Understanding Text]On June 1, according to Iran's Tasnim News Agency, Iran will make new modifications to the possible memorandum of understanding text. A knowledgeable source commented on reports from U.S. media that Trump has proposed new modifications to the existing text, stating: "Text exchanges are still ongoing, and Iran may make its own modifications to the text; nothing has been finalized yet." The source emphasized: "For Iran, the standard is the text that we accept ourselves; Trump's amendments do not mean that Iran accepts these modifications." This knowledgeable source indicated that Iran is fully prepared for any potential misunderstandings.

Iran to Make New Modifications to Possible Understanding Text

On June 1, according to Iran's Tasnim News Agency, Iran will make new modifications to the possible memorandum of understanding text. A knowledgeable source commented on U.S. media reports that Trump has proposed new modifications to the existing text, stating: "Text exchanges are still ongoing, and Iran may make its own modifications to the text; nothing has been finalized yet." The source emphasized: "For Iran, the standard is the text we accept ourselves; Trump's implementation of modifications does not mean Iran accepts these changes." This knowledgeable source indicated that Iran is fully prepared for any potential misunderstandings.

[Iran to Make New Modifications to Possible Understanding Text]On June 1, according to Iran's Tasnim News Agency, Iran will make new modifications to the possible memorandum of understanding text. A knowledgeable source commented on U.S. media reports that Trump has proposed new modifications to the existing text, stating: "Text exchanges are still ongoing, and Iran may make its own modifications to the text; nothing has been finalized yet." The source emphasized: "For Iran, the standard is the text we accept ourselves; Trump's implementation of modifications does not mean Iran accepts these changes." This knowledgeable source indicated that Iran is fully prepared for any potential misunderstandings.

HTX data monitoring shows that LINK has fallen below 9 USDT, currently reported at 9 USDT, with a 24H decline of 2.44%.

【LINK falls below 9 USDT】HTX data monitoring shows that LINK has fallen below 9 USDT, currently reported at 9 USDT, with a 24H decline of 2.44%.

LINK falls below 9 USDT

BTC is currently trading at 36237.3 USDT on Huobi Global, with a 24h decrease of -8.68%.
1. The total value of the global digital currency market is about $1772.86 B (-6.67%), and the 24h trading volume is $121.98 B (+13.97%).
2. The prices of the major Altcoins are as follows: 
ETH 2736.73 USDT (-6.45%), HT 9.2375 USDT (-3.59%), XRP 0.59064 USDT (-8.50%), LTC 96.17 USDT (-8.89%), DOT 14.4136 USDT (-10.60%). 
3. In 24h, the top 3 gainers are:
 SPELLFIRE(+37.97%), PLU(+26.9%), ARV(+25.63%); 
the top 3 losers are: 
PLY(-15.24%), HBB(-14.2%), VISION(-12.9%). 
(Note: All rises and falls are calculated in 24h time format)
Go to Huobi Global and click 'Markets' to learn more about market information.

[Huobi Global Markets]BTC is currently trading at 36237.3 USDT on Huobi Global, with a 24h decrease of -8.68%.
1. The total value of the global digital currency market is about $1772.86 B (-6.67%), and the 24h trading volume is $121.98 B (+13.97%).
2. The prices of the major Altcoins are as follows: 
ETH 2736.73 USDT (-6.45%), HT 9.2375 USDT (-3.59%), XRP 0.59064 USDT (-8.50%), LTC 96.17 USDT (-8.89%), DOT 14.4136 USDT (-10.60%). 
3. In 24h, the top 3 gainers are:
 SPELLFIRE(+37.97%), PLU(+26.9%), ARV(+25.63%); 
the top 3 losers are: 
PLY(-15.24%), HBB(-14.2%), VISION(-12.9%). 
(Note: All rises and falls are calculated in 24h time format)
Go to Huobi Global and click 'Markets' to learn more about market information.

Huobi Global Markets

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Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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