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On June 4, Arthur Hayes posted on social media that he has just liquidated all of his positions in HYPE and NEAR, with specific reasons to be explained in next Tuesday's article titled "Reality Check." In short: 
· The Iran war and inventory replenishment have led to rising energy prices; 
· Three major AI projects are set to go public from now until early Q3; 
· Predicts that Trump will turn against AI to help the Republican Party win the midterm elections; 
· Believes that the market peak will occur between now and September; 
· It is time to take profits.

[Arthur Hayes: Liquidated All HYPE and NEAR Positions, Will Explain Reasons in Next Week's Article]On June 4, Arthur Hayes posted on social media that he has just liquidated all of his positions in HYPE and NEAR, with specific reasons to be explained in next Tuesday's article titled "Reality Check." In short: 
· The Iran war and inventory replenishment have led to rising energy prices; 
· Three major AI projects are set to go public from now until early Q3; 
· Predicts that Trump will turn against AI to help the Republican Party win the midterm elections; 
· Believes that the market peak will occur between now and September; 
· It is time to take profits.

Arthur Hayes: Liquidated All HYPE and NEAR Positions, Will Explain Reasons in Next Week's Article

twt Hits New High of 0.4823 USDT, Up 6.30% in 24H

【twt soared to 0.484 USDT, a new high with a 24-hour increase of 6.30%. It currently trades at 0.4823 USDT on HTX.】twt Hits New High of 0.4823 USDT, Up 6.30% in 24H

twt soared to 0.484 USDT, a new high with a 24-hour increase of 6.30%. It currently trades at 0.4823 USDT on HTX.

Bitcoin Fear and Greed Index is 12. Extreme Fear.
Current Price: $63913.79.

[Bitcoin Fear and Greed Index is 12]Bitcoin Fear and Greed Index is 12. Extreme Fear.
Current Price: $63913.79.

Bitcoin Fear and Greed Index is 12

On June 4, analyst Maartunn cited CryptoQuant data indicating that the current discount in the Bitcoin fund market has reached -5.9%, the lowest level in two years. This means that Bitcoin ETFs like IBIT and GBTC are currently trading at a 5.9% discount relative to their net asset value (NAV). This indicates a significant decrease in market demand for exposure to these funds compared to the value of their underlying holdings.

[Bitcoin Fund Market Discount Reaches 5.9%, Lowest Level in Two Years]On June 4, analyst Maartunn cited CryptoQuant data indicating that the current discount in the Bitcoin fund market has reached -5.9%, the lowest level in two years. This means that Bitcoin ETFs like IBIT and GBTC are currently trading at a 5.9% discount relative to their net asset value (NAV). This indicates a significant decrease in market demand for exposure to these funds compared to the value of their underlying holdings.

Bitcoin Fund Market Discount Reaches 5.9%, Lowest Level in Two Years

Ki Young Ju, founder and CEO of CryptoQuant, stated on the X platform that he believes the selling by early Bitcoin OGs and veteran miners is essentially a large-scale transfer of chips from old holders to traditional financial institutions and ETF investors in the U.S. Therefore, he disagrees with the viewpoint that 'after this turnover, there will be no new liquidity entering, and Bitcoin will not perform well again.' Regardless of the asset, the key factor is 'who holds it.' If the current holders are entities that can bring in larger capital inflows in the future, then the next rally could start at any time. The same applies to companies; who the major shareholders are will directly influence market expectations. I believe Bitcoin is no different. Frankly, from the perspective of asset appreciation, traditional financial institution investors may even provide a stronger demand base than the Bitcoin OG community. Of course, in this process, the original Cypherpunk values of Bitcoin may be somewhat diluted, which is indeed regrettable. However, I still believe that Bitcoin will have another upward cycle in the future. As an investor, I continue to have faith in Bitcoin and believe it is worth waiting for.

[CryptoQuant Founder: Bitcoin OGs and Miners' Chips Shifting Towards ETFs and Institutions, Optimistic About BTC's Next Rally]Ki Young Ju, founder and CEO of CryptoQuant, stated on the X platform that he believes the selling by early Bitcoin OGs and veteran miners is essentially a large-scale transfer of chips from old holders to traditional financial institutions and ETF investors in the U.S. Therefore, he disagrees with the viewpoint that 'after this turnover, there will be no new liquidity entering, and Bitcoin will not perform well again.' Regardless of the asset, the key factor is 'who holds it.' If the current holders are entities that can bring in larger capital inflows in the future, then the next rally could start at any time. The same applies to companies; who the major shareholders are will directly influence market expectations. I believe Bitcoin is no different. Frankly, from the perspective of asset appreciation, traditional financial institution investors may even provide a stronger demand base than the Bitcoin OG community. Of course, in this process, the original Cypherpunk values of Bitcoin may be somewhat diluted, which is indeed regrettable. However, I still believe that Bitcoin will have another upward cycle in the future. As an investor, I continue to have faith in Bitcoin and believe it is worth waiting for.

CryptoQuant Founder: Bitcoin OGs and Miners' Chips Shifting Towards ETFs and Institutions, Optimistic About BTC's Next Rally

On June 4, CryptoQuant founder Ki Young Ju posted on social media that the price of Bitcoin is the same now as it was two years ago, but one thing has changed. The group of holders who entered the market during this cycle and have held for '6 months to 2 years' currently accounts for 53% of the realized market cap, compared to only 15% two years ago. In the previous cycle, when this percentage reached 68%, Bitcoin hit its bottom. Currently, short-term holders are gradually evolving into long-term holders.

[CryptoQuant Founder: Bitcoin Indicators Nearing Bottom, Short-Term Holders Evolving into Long-Term Holders]On June 4, CryptoQuant founder Ki Young Ju posted on social media that the price of Bitcoin is the same now as it was two years ago, but one thing has changed. The group of holders who entered the market during this cycle and have held for '6 months to 2 years' currently accounts for 53% of the realized market cap, compared to only 15% two years ago. In the previous cycle, when this percentage reached 68%, Bitcoin hit its bottom. Currently, short-term holders are gradually evolving into long-term holders.

CryptoQuant Founder: Bitcoin Indicators Nearing Bottom, Short-Term Holders Evolving into Long-Term Holders

On June 4, Tech Funding News reported that San Francisco-based AI startup Lassie has completed a $35 million Series A funding round, led by Andreessen Horowitz (a16z), bringing the company's total funding to $47 million. Other investors in this round include several well-known entrepreneurs and investors from the tech industry, such as Rahul Vohra, Zach Perret, and Taavet Hinrikus. Lassie was founded by former Robinhood product manager Steijn Pelle and the first product head of Superhuman, Frédéric Renken. The company focuses on using AI agents to directly manage the backend administrative tasks of small and medium-sized businesses, such as dental clinics, including insurance claims, account reconciliation, payment confirmation, and data entry processes, rather than just providing auxiliary tools. Following this funding round, a16z partner Alex Rampell will join the board.

[AI Startup Lassie Raises $35 Million in Series A Funding Led by a16z]On June 4, Tech Funding News reported that San Francisco-based AI startup Lassie has completed a $35 million Series A funding round, led by Andreessen Horowitz (a16z), bringing the company's total funding to $47 million. Other investors in this round include several well-known entrepreneurs and investors from the tech industry, such as Rahul Vohra, Zach Perret, and Taavet Hinrikus. Lassie was founded by former Robinhood product manager Steijn Pelle and the first product head of Superhuman, Frédéric Renken. The company focuses on using AI agents to directly manage the backend administrative tasks of small and medium-sized businesses, such as dental clinics, including insurance claims, account reconciliation, payment confirmation, and data entry processes, rather than just providing auxiliary tools. Following this funding round, a16z partner Alex Rampell will join the board.

AI Startup Lassie Raises $35 Million in Series A Funding Led by a16z

On June 4, informed sources revealed that officials from the Bank of Japan plan to review a 25 basis point increase in the benchmark interest rate this month and assess the potential for further rate hikes later in the year. According to these sources, it is highly likely that the Bank of Japan will discuss raising the policy interest rate to 1% during the monetary policy meeting concluding on June 16. Officials believe that the current real interest rates remain low and that inflation risks are on the rise, indicating there is room for further rate increases. Due to the high uncertainty surrounding the situation in the Middle East, central bank officials will continue to analyze various data and information until the final decision is made. The sources indicated that there may be some dissenting opinions regarding the rate hike during the meeting, but these are unlikely to alter the decision. Another key topic for this meeting is the Bank of Japan's latest plan to reduce bond purchases. Informed sources suggest that officials are inclined to slow the current pace of bond reductions starting from April next year.

[Sources: Bank of Japan Considers Rate Hike in June, Possible Further Increase in 2026]On June 4, informed sources revealed that officials from the Bank of Japan plan to review a 25 basis point increase in the benchmark interest rate this month and assess the potential for further rate hikes later in the year. According to these sources, it is highly likely that the Bank of Japan will discuss raising the policy interest rate to 1% during the monetary policy meeting concluding on June 16. Officials believe that the current real interest rates remain low and that inflation risks are on the rise, indicating there is room for further rate increases. Due to the high uncertainty surrounding the situation in the Middle East, central bank officials will continue to analyze various data and information until the final decision is made. The sources indicated that there may be some dissenting opinions regarding the rate hike during the meeting, but these are unlikely to alter the decision. Another key topic for this meeting is the Bank of Japan's latest plan to reduce bond purchases. Informed sources suggest that officials are inclined to slow the current pace of bond reductions starting from April next year.

Sources: Bank of Japan Considers Rate Hike in June, Possible Further Increase in 2026

On June 4, in response to independent publisher and political commentator @amuse's statement on May 30 expressing a desire to use X Money, Musk replied on the X platform that they are currently gradually expanding the availability of X Money.

[Musk: Gradually Expanding the Availability of X Money]On June 4, in response to independent publisher and political commentator @amuse's statement on May 30 expressing a desire to use X Money, Musk replied on the X platform that they are currently gradually expanding the availability of X Money.

Musk: Gradually Expanding the Availability of X Money

On June 3, according to @Lookonchain, as the cryptocurrency market continues to decline, Bitmine's ETH reserve has recorded an unrealized loss exceeding that of Strategy's BTC reserve. Bitmine Immersion Technologies, supported by Tom Lee, currently holds 5,416,901 ETH, with a current market value of approximately $10.03 billion, resulting in an unrealized loss of about $8.9 billion compared to its purchase cost. Meanwhile, Strategy, led by Michael Saylor, holds 843,706 BTC, with a current market value of approximately $56.26 billion, reflecting an unrealized loss of about $7.6 billion.

[Bitmine Faces $8.9 Billion Unrealized Loss, Exceeding Strategy's Losses]On June 3, according to @Lookonchain, as the cryptocurrency market continues to decline, Bitmine's ETH reserve has recorded an unrealized loss exceeding that of Strategy's BTC reserve. Bitmine Immersion Technologies, supported by Tom Lee, currently holds 5,416,901 ETH, with a current market value of approximately $10.03 billion, resulting in an unrealized loss of about $8.9 billion compared to its purchase cost. Meanwhile, Strategy, led by Michael Saylor, holds 843,706 BTC, with a current market value of approximately $56.26 billion, reflecting an unrealized loss of about $7.6 billion.

Bitmine Faces $8.9 Billion Unrealized Loss, Exceeding Strategy's Losses

VVV Surges Over 10x This Year, Is the Base Ecosystem the Last Hope for Crypto AI?

Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

One Article Deconstructs the Investment Methodology of 'Stock God Serenity'

Deconstructing the Investment Methodology of the 'Stock God Serenity' in One Article

Sharplink CEO: Ethereum's Future Is Playing Out Now

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

Strategy Ends Bitcoin Buying Streak With Rare Sale—How Much Did It Sell?

Over $1 Billion in Cryptocurrencies Forced to Liquidate, Bitcoin Plunges 6% Below $67,000

Bulls Approach the Ceiling

Article

Bitcoin Faces Panic Sell-off as Coin-Margined Contract Open Interest Nears Historical Highs

Duan Yongping Increases Stake in Pop Mart H Shares to 6.04%

Bitmine Faces $8.9 Billion Unrealized Loss, Exceeding Strategy's Losses

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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