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On June 2, Bitcoin briefly dropped to its lowest level since April 7, with a daily decline of over 4% and a cumulative drop of about 8% over the past week. In stark contrast, the U.S. stock market continues to reach historical highs, with the S&P 500 index surpassing 7600 points and the Nasdaq index breaking through 27000 points, indicating an increasing divergence between the crypto market and traditional risk assets. Andri Fauzan Adziima, head of research at Bitrue Research Institute, stated that Bitcoin is currently almost the only asset in major asset classes that is clearly in a contraction phase, reflecting the market's view of it as a high Beta risk asset driven by macro risk sentiment rather than an independent safe-haven tool. However, he believes this divergence is more likely a cyclical phenomenon, and once the macro environment improves, Bitcoin is expected to regain relatively strong performance. On-chain analysis firm Santiment pointed out that the performance gap between traditional stocks and the crypto market has become increasingly difficult for investors to ignore. As the U.S. stock market continues to offer higher returns and lower volatility, some funds are shifting from Bitcoin and altcoin markets to the stock market, creating a rotation effect. However, the firm also emphasized that when the market generally exhibits 'stock FOMO and crypto FUD' sentiment, it often means that market expectations have begun to tilt excessively in one direction, and historical experience shows that market trends often contradict the expectations of most investors. From a technical perspective, Bitcoin is approaching the 200-week exponential moving average (EMA) around the $69,000 area. This level has long been regarded as an important support level in bull-bear cycles, and whether it can hold this critical threshold will become a focal point for the market.

[Bitcoin Falls to Near Two-Month Low as U.S. Stocks and Crypto Markets Diverge]On June 2, Bitcoin briefly dropped to its lowest level since April 7, with a daily decline of over 4% and a cumulative drop of about 8% over the past week. In stark contrast, the U.S. stock market continues to reach historical highs, with the S&P 500 index surpassing 7600 points and the Nasdaq index breaking through 27000 points, indicating an increasing divergence between the crypto market and traditional risk assets. Andri Fauzan Adziima, head of research at Bitrue Research Institute, stated that Bitcoin is currently almost the only asset in major asset classes that is clearly in a contraction phase, reflecting the market's view of it as a high Beta risk asset driven by macro risk sentiment rather than an independent safe-haven tool. However, he believes this divergence is more likely a cyclical phenomenon, and once the macro environment improves, Bitcoin is expected to regain relatively strong performance. On-chain analysis firm Santiment pointed out that the performance gap between traditional stocks and the crypto market has become increasingly difficult for investors to ignore. As the U.S. stock market continues to offer higher returns and lower volatility, some funds are shifting from Bitcoin and altcoin markets to the stock market, creating a rotation effect. However, the firm also emphasized that when the market generally exhibits 'stock FOMO and crypto FUD' sentiment, it often means that market expectations have begun to tilt excessively in one direction, and historical experience shows that market trends often contradict the expectations of most investors. From a technical perspective, Bitcoin is approaching the 200-week exponential moving average (EMA) around the $69,000 area. This level has long been regarded as an important support level in bull-bear cycles, and whether it can hold this critical threshold will become a focal point for the market.

Bitcoin Falls to Near Two-Month Low as U.S. Stocks and Crypto Markets Diverge

On June 2, Hyperliquid announced on platform X that its RWA perpetual contracts open interest has reached $3 billion, setting a new historical high. Since its launch in October 2025, the open interest record for HIP-3 has been consistently refreshed to new highs every month.

[Hyperliquid's RWA Perpetual Contracts Open Interest Reaches $3 Billion, Setting a New Record]On June 2, Hyperliquid announced on platform X that its RWA perpetual contracts open interest has reached $3 billion, setting a new historical high. Since its launch in October 2025, the open interest record for HIP-3 has been consistently refreshed to new highs every month.

Hyperliquid's RWA Perpetual Contracts Open Interest Reaches $3 Billion, Setting a New Record

On June 2, Hyperliquid announced that the platform's RWA (Real World Assets) holdings have reached a historic high of $3 billion (ATH). Since the launch of the HIP-3 program in October 2025, RWA holdings have been breaking records for several consecutive months.

[Hyperliquid Platform's RWA Holdings Exceed $3 Billion, Setting New All-Time High]On June 2, Hyperliquid announced that the platform's RWA (Real World Assets) holdings have reached a historic high of $3 billion (ATH). Since the launch of the HIP-3 program in October 2025, RWA holdings have been breaking records for several consecutive months.

Hyperliquid Platform's RWA Holdings Exceed $3 Billion, Setting New All-Time High

On June 2, the Hong Kong Special Administrative Region Government's Financial Services and the Treasury Bureau announced that following the implementation of the licensing system for virtual asset trading platforms and the regulatory framework for stablecoin issuers, Hong Kong will next establish a unified regulatory framework covering virtual asset trading, custody, investment advisory, and asset management services, further enhancing the digital asset ecosystem. According to the disclosed plan, any institution engaged in virtual asset trading, custody, providing investment advice, or asset management services in Hong Kong will, in principle, be required to obtain a license or registration from the Securities and Futures Commission (SFC) of Hong Kong. The regulatory scope will correspond to regulated activities under the Securities and Futures Ordinance, specifically Class 1 (securities trading), Class 4 (investment advisory), and Class 9 (asset management). For virtual asset custody services, the regulatory focus will be on private key management and the security risks of client assets. The Hong Kong government stated that there are currently 13 licensed virtual asset trading platforms in Hong Kong, and 2 stablecoin issuer licenses have been issued. The future regulatory framework will be implemented based on the principle of 'same business, same risks, same rules,' requiring licensed institutions to meet stringent standards in terms of capital strength, risk management, financial reporting, professional competence, and client asset protection. Notably, the authorities have made it clear that there will be no 'deemed license' transitional arrangements for existing service providers; relevant institutions must proactively apply for a license or registration. Additionally, any unlicensed or unregistered institutions are prohibited from actively promoting related virtual asset services to the public in Hong Kong or abroad. The Financial Services and the Treasury Bureau revealed that legislative proposals are being formulated, with the aim of submitting the amendment bill to the Legislative Council by 2026. Market participants believe that if the new system is implemented, Hong Kong will become one of the few jurisdictions globally to cover the entire regulatory chain of trading platforms, stablecoins, custody, investment advisory, and asset management, further strengthening its position as an international digital asset center.

[Hong Kong Plans Comprehensive Licensing Regulation for Virtual Asset Transactions and Services, Draft Bill to be Submitted This Year]On June 2, the Hong Kong Special Administrative Region Government's Financial Services and the Treasury Bureau announced that following the implementation of the licensing system for virtual asset trading platforms and the regulatory framework for stablecoin issuers, Hong Kong will next establish a unified regulatory framework covering virtual asset trading, custody, investment advisory, and asset management services, further enhancing the digital asset ecosystem. According to the disclosed plan, any institution engaged in virtual asset trading, custody, providing investment advice, or asset management services in Hong Kong will, in principle, be required to obtain a license or registration from the Securities and Futures Commission (SFC) of Hong Kong. The regulatory scope will correspond to regulated activities under the Securities and Futures Ordinance, specifically Class 1 (securities trading), Class 4 (investment advisory), and Class 9 (asset management). For virtual asset custody services, the regulatory focus will be on private key management and the security risks of client assets. The Hong Kong government stated that there are currently 13 licensed virtual asset trading platforms in Hong Kong, and 2 stablecoin issuer licenses have been issued. The future regulatory framework will be implemented based on the principle of 'same business, same risks, same rules,' requiring licensed institutions to meet stringent standards in terms of capital strength, risk management, financial reporting, professional competence, and client asset protection. Notably, the authorities have made it clear that there will be no 'deemed license' transitional arrangements for existing service providers; relevant institutions must proactively apply for a license or registration. Additionally, any unlicensed or unregistered institutions are prohibited from actively promoting related virtual asset services to the public in Hong Kong or abroad. The Financial Services and the Treasury Bureau revealed that legislative proposals are being formulated, with the aim of submitting the amendment bill to the Legislative Council by 2026. Market participants believe that if the new system is implemented, Hong Kong will become one of the few jurisdictions globally to cover the entire regulatory chain of trading platforms, stablecoins, custody, investment advisory, and asset management, further strengthening its position as an international digital asset center.

Hong Kong Plans Comprehensive Licensing Regulation for Virtual Asset Transactions and Services, Draft Bill to be Submitted This Year

According to monitoring by Dongcha Beating, in an interview on CNBC's "Power Lunch," OpenAI CEO Sam Altman responded to competitor Anthropic's early secret submission of an S-1 registration statement. Reports indicate that OpenAI is also intensively preparing to secretly submit its S-1 draft, with Goldman Sachs and Morgan Stanley serving as co-underwriters, originally planning to complete the submission by the end of May 2026 to aim for a public listing in the fall of 2026. However, Anthropic announced on June 1 that it had submitted a secret IPO application, gaining a lead in the capital market positioning battle, which has sparked speculation about OpenAI's progress being hindered or surpassed. In the interview, Altman downplayed the competition among large model companies in the IPO process, stating publicly that the listing is merely a financing event and that the company will not focus its energy on the specific timing of the IPO. Altman emphasized that the real competition in the industry lies in delivering top-notch technology and building business models, rather than the race to go public itself. Regarding OpenAI's own IPO process, Altman revealed that the company will not adjust its pace due to competitors' actions and will choose to advance the listing at the appropriate time.

[Altman Responds to Anthropic's Early IPO Filing: Listing is Just a Financing Event, Not Focused on Timing]According to monitoring by Dongcha Beating, in an interview on CNBC's "Power Lunch," OpenAI CEO Sam Altman responded to competitor Anthropic's early secret submission of an S-1 registration statement. Reports indicate that OpenAI is also intensively preparing to secretly submit its S-1 draft, with Goldman Sachs and Morgan Stanley serving as co-underwriters, originally planning to complete the submission by the end of May 2026 to aim for a public listing in the fall of 2026. However, Anthropic announced on June 1 that it had submitted a secret IPO application, gaining a lead in the capital market positioning battle, which has sparked speculation about OpenAI's progress being hindered or surpassed. In the interview, Altman downplayed the competition among large model companies in the IPO process, stating publicly that the listing is merely a financing event and that the company will not focus its energy on the specific timing of the IPO. Altman emphasized that the real competition in the industry lies in delivering top-notch technology and building business models, rather than the race to go public itself. Regarding OpenAI's own IPO process, Altman revealed that the company will not adjust its pace due to competitors' actions and will choose to advance the listing at the appropriate time.

Altman Responds to Anthropic's Early IPO Filing: Listing is Just a Financing Event, Not Focused on Timing

On June 2, according to OnchainLens monitoring, the trader and institutional account Loracle (@loraclexyz) has completely closed its previously high-profile HYPE short position, with the total loss exceeding $46 million. HYPE has recently continued to reach historical highs and has risen against the trend, causing many highly leveraged shorts to experience significant drawdowns or even be forced to exit. With Loracle's complete withdrawal from the HYPE short market, this trade has become one of the most representative cases of massive losses in the current HYPE rally. Currently, Loracle has shifted its focus to other assets, holding long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), and XMR (5x leverage), while retaining a short position in TSLA (Tesla) with 5x leverage.

[Loracle Fully Closes HYPE Short Position, Accumulated Loss Exceeds $46 Million]On June 2, according to OnchainLens monitoring, the trader and institutional account Loracle (@loraclexyz) has completely closed its previously high-profile HYPE short position, with the total loss exceeding $46 million. HYPE has recently continued to reach historical highs and has risen against the trend, causing many highly leveraged shorts to experience significant drawdowns or even be forced to exit. With Loracle's complete withdrawal from the HYPE short market, this trade has become one of the most representative cases of massive losses in the current HYPE rally. Currently, Loracle has shifted its focus to other assets, holding long positions in ZEC (10x leverage), TON (5x leverage), ASTER (5x leverage), and XMR (5x leverage), while retaining a short position in TSLA (Tesla) with 5x leverage.

Loracle Fully Closes HYPE Short Position, Accumulated Loss Exceeds $46 Million

On June 2, on-chain analyst @ai_9684xtpa reported that the bankrupt trading platform Mt. Gox's associated wallet experienced a significant Bitcoin transfer today. Approximately six minutes ago, its cold wallet transferred 10,423 BTC to a new address, valued at around $739 million at current prices. This batch of BTC remains at the receiving address and has not been further transferred, with its specific use yet to be disclosed. Meanwhile, Mt. Gox also transferred 116 BTC to its hot wallet, valued at about $8.25 million. This marks a rare large-scale on-chain movement from Mt. Gox-related addresses since the end of last year, drawing market attention. As of the time of publication, the related BTC has not flowed into exchange addresses, and no direct selling signs have been observed.

[Mt. Gox Sees Large On-Chain Movement After Six Months, Transferring Over 10,000 BTC]On June 2, on-chain analyst @ai_9684xtpa reported that the bankrupt trading platform Mt. Gox's associated wallet experienced a significant Bitcoin transfer today. Approximately six minutes ago, its cold wallet transferred 10,423 BTC to a new address, valued at around $739 million at current prices. This batch of BTC remains at the receiving address and has not been further transferred, with its specific use yet to be disclosed. Meanwhile, Mt. Gox also transferred 116 BTC to its hot wallet, valued at about $8.25 million. This marks a rare large-scale on-chain movement from Mt. Gox-related addresses since the end of last year, drawing market attention. As of the time of publication, the related BTC has not flowed into exchange addresses, and no direct selling signs have been observed.

Mt. Gox Sees Large On-Chain Movement After Six Months, Transferring Over 10,000 BTC

zest Surges 20.23% in 24H, Currently at 0.164412 USDT

【zest currently trades at 0.164412 USDT, up 20.23% in 24h, according to HTX market data.】zest Surges 20.23% in 24H, Currently at 0.164412 USDT

zest currently trades at 0.164412 USDT, up 20.23% in 24h, according to HTX market data.

On June 2, the Hong Kong Special Administrative Region's Financial Services and the Treasury Bureau announced that following the implementation of the licensing system for virtual asset trading platforms and the regulatory framework for stablecoin issuers, the next phase will establish a unified regulatory framework covering virtual asset trading, custody, investment advisory, and asset management services, further enhancing the digital asset ecosystem. According to the disclosed plan, any institution engaging in virtual asset trading, custody, providing investment advice, or asset management in Hong Kong will generally be required to obtain a license or registration from the Securities and Futures Commission (SFC). The regulatory scope will correspond to regulated activities under the Securities and Futures Ordinance, specifically Class 1 (Securities Trading), Class 4 (Investment Advisory), and Class 9 (Asset Management). For virtual asset custody services, the regulatory focus will be on private key management and the security risks of client assets. The Hong Kong government stated that there are currently 13 licensed virtual asset trading platforms and 2 stablecoin issuer licenses have been issued. The future regulatory framework will be implemented based on the principle of 'same business, same risks, same rules,' requiring licensed institutions to meet strict standards in terms of capital strength, risk management, financial reporting, professional competence, and client asset protection. Notably, the authorities have made it clear that there will be no 'deemed license' transition arrangements for existing service providers; relevant institutions must actively apply for a license or registration. Additionally, any unlicensed or unregistered institutions are prohibited from actively promoting related virtual asset services to the public in Hong Kong or abroad. The Hong Kong Financial Services and the Treasury Bureau revealed that legislative proposals are being formulated, with the aim of submitting a revised ordinance draft to the Legislative Council by 2026. Market participants believe that if the new system is implemented, Hong Kong will become one of the few jurisdictions globally to comprehensively regulate the entire chain of trading platforms, stablecoins, custody, investment advisory, and asset management, further strengthening its position as an international digital asset center.

[Hong Kong Plans Comprehensive Licensing Regulation for Virtual Asset Trading, Custody, Investment Advisory, and Asset Management]On June 2, the Hong Kong Special Administrative Region's Financial Services and the Treasury Bureau announced that following the implementation of the licensing system for virtual asset trading platforms and the regulatory framework for stablecoin issuers, the next phase will establish a unified regulatory framework covering virtual asset trading, custody, investment advisory, and asset management services, further enhancing the digital asset ecosystem. According to the disclosed plan, any institution engaging in virtual asset trading, custody, providing investment advice, or asset management in Hong Kong will generally be required to obtain a license or registration from the Securities and Futures Commission (SFC). The regulatory scope will correspond to regulated activities under the Securities and Futures Ordinance, specifically Class 1 (Securities Trading), Class 4 (Investment Advisory), and Class 9 (Asset Management). For virtual asset custody services, the regulatory focus will be on private key management and the security risks of client assets. The Hong Kong government stated that there are currently 13 licensed virtual asset trading platforms and 2 stablecoin issuer licenses have been issued. The future regulatory framework will be implemented based on the principle of 'same business, same risks, same rules,' requiring licensed institutions to meet strict standards in terms of capital strength, risk management, financial reporting, professional competence, and client asset protection. Notably, the authorities have made it clear that there will be no 'deemed license' transition arrangements for existing service providers; relevant institutions must actively apply for a license or registration. Additionally, any unlicensed or unregistered institutions are prohibited from actively promoting related virtual asset services to the public in Hong Kong or abroad. The Hong Kong Financial Services and the Treasury Bureau revealed that legislative proposals are being formulated, with the aim of submitting a revised ordinance draft to the Legislative Council by 2026. Market participants believe that if the new system is implemented, Hong Kong will become one of the few jurisdictions globally to comprehensively regulate the entire chain of trading platforms, stablecoins, custody, investment advisory, and asset management, further strengthening its position as an international digital asset center.

Hong Kong Plans Comprehensive Licensing Regulation for Virtual Asset Trading, Custody, Investment Advisory, and Asset Management

HTX data monitoring shows that UNI has dropped below 3 USDT, currently reported at 3 USDT, with a 24H decline of 2.93%.

【UNI falls below 3 USDT】HTX data monitoring shows that UNI has dropped below 3 USDT, currently reported at 3 USDT, with a 24H decline of 2.93%.

UNI falls below 3 USDT

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UNI falls below 3 USDT

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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