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On June 1, ByteDance's AI Agent platform Coze officially launched its new 3.0 version. The updated version supports multi-user and multi-Agent collaboration, skill packages for industries such as finance, media, healthcare, law, and research, as well as one-click loading and multi-device synchronization. Additionally, it allows for one-click integration with Claude Code, Codex CLI, Openclaw, and more.

[ByteDance's AI Agent Platform Coze Launches New 3.0 Version]On June 1, ByteDance's AI Agent platform Coze officially launched its new 3.0 version. The updated version supports multi-user and multi-Agent collaboration, skill packages for industries such as finance, media, healthcare, law, and research, as well as one-click loading and multi-device synchronization. Additionally, it allows for one-click integration with Claude Code, Codex CLI, Openclaw, and more.

ByteDance's AI Agent Platform Coze Launches New 3.0 Version

On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting of 2026 to review listings. The results show that Yushu Technology Co., Ltd.'s initial public offering meets the requirements for issuance, listing, and information disclosure.

[Yushu Technology IPO Approved on STAR Market]On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting of 2026 to review listings. The results show that Yushu Technology Co., Ltd.'s initial public offering meets the requirements for issuance, listing, and information disclosure.

Yushu Technology IPO Approved on STAR Market

On June 1, on-chain analyst Axel Adler Jr stated in his latest report that the Bitcoin market has entered a noticeable volatility compression phase. The realized volatility (30-day moving average) has dropped from about 39 in early March this year to around 17 currently, a decline of over 56% from the quarterly high, nearing historical low levels. Currently, the BTC price hovers around $73,500, still below the 200-day moving average of approximately $79,500. Historical experience shows that extremely low volatility often indicates that the market is building energy, typically followed by significant directional movements. However, volatility compression itself does not provide directional signals; it merely indicates that the market is about to make a new trend choice. Meanwhile, the Delta indicator, which reflects changes in market premiums (the difference between market cap growth rate and realized market cap growth rate), has been in negative territory for six consecutive months and further dipped to about -0.0013 in May. This indicator suggests that the growth rate of Bitcoin's market cap continues to lag behind the growth rate of realized market cap, indicating a contraction in market risk appetite and valuation premium. The current market exhibits a combination of 'low volatility + cooling premium,' which is not typical of an overheated bull market structure but rather resembles a consolidation phase after emotional cooling. If BTC returns above the 200-day moving average and Delta rebounds close to zero, it would indicate that the market has re-entered a risk appetite expansion cycle; conversely, if volatility releases downward and Delta continues to deteriorate, it may enter a deeper risk-averse phase. Axel Adler Jr summarized that the current market direction remains neutral, but the degree of compression is at a high level, and the probability of significant directional volatility in the future is continuously increasing.

[Analyst: Bitcoin Volatility Drops 56% from Quarterly High, Market Enters High Compression Phase]On June 1, on-chain analyst Axel Adler Jr stated in his latest report that the Bitcoin market has entered a noticeable volatility compression phase. The realized volatility (30-day moving average) has dropped from about 39 in early March this year to around 17 currently, a decline of over 56% from the quarterly high, nearing historical low levels. Currently, the BTC price hovers around $73,500, still below the 200-day moving average of approximately $79,500. Historical experience shows that extremely low volatility often indicates that the market is building energy, typically followed by significant directional movements. However, volatility compression itself does not provide directional signals; it merely indicates that the market is about to make a new trend choice. Meanwhile, the Delta indicator, which reflects changes in market premiums (the difference between market cap growth rate and realized market cap growth rate), has been in negative territory for six consecutive months and further dipped to about -0.0013 in May. This indicator suggests that the growth rate of Bitcoin's market cap continues to lag behind the growth rate of realized market cap, indicating a contraction in market risk appetite and valuation premium. The current market exhibits a combination of 'low volatility + cooling premium,' which is not typical of an overheated bull market structure but rather resembles a consolidation phase after emotional cooling. If BTC returns above the 200-day moving average and Delta rebounds close to zero, it would indicate that the market has re-entered a risk appetite expansion cycle; conversely, if volatility releases downward and Delta continues to deteriorate, it may enter a deeper risk-averse phase. Axel Adler Jr summarized that the current market direction remains neutral, but the degree of compression is at a high level, and the probability of significant directional volatility in the future is continuously increasing.

Analyst: Bitcoin Volatility Drops 56% from Quarterly High, Market Enters High Compression Phase

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 May 31, news emerged that Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries (FORD), has become Hyperliquid's top "critic." His main argument is that "Hyperliquid lacks genuine technological innovation and relies solely on temporary regulatory arbitrage to gain traction; no legitimate U.S. company will collaborate with them." Today, Kyle issued a betting challenge to the community, predicting that Hyperliquid will be unable to launch a U.S. compliant front end in the short term. In response, a community member expressed willingness to invest $1 million, forecasting that Hyperliquid could launch a U.S. compliant front end within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through the acquisition of DCO and DCM, adopting a compliance strategy similar to Polymarket while also advancing technology to pass decentralized testing. Therefore, Kyle declined the three-year betting deadline. Note: DCM (Designated Contract Market) refers to a regulated exchange similar to traditional futures exchanges. DCO (Derivatives Clearing Organization) refers to a central clearing party (CCP).

[Kyle Samani Challenges Hyperliquid's Compliance Timeline]On May 31, news emerged that Kyle Samani, former co-founder of Multicoin and chairman of Forward Industries (FORD), has become Hyperliquid's top "critic." His main argument is that "Hyperliquid lacks genuine technological innovation and relies solely on temporary regulatory arbitrage to gain traction; no legitimate U.S. company will collaborate with them." Today, Kyle issued a betting challenge to the community, predicting that Hyperliquid will be unable to launch a U.S. compliant front end in the short term. In response, a community member expressed willingness to invest $1 million, forecasting that Hyperliquid could launch a U.S. compliant front end within three years. Kyle replied that within three years, Hyperliquid might establish Hyperliquid US through the acquisition of DCO and DCM, adopting a compliance strategy similar to Polymarket while also advancing technology to pass decentralized testing. Therefore, Kyle declined the three-year betting deadline. Note: DCM (Designated Contract Market) refers to a regulated exchange similar to traditional futures exchanges. DCO (Derivatives Clearing Organization) refers to a central clearing party (CCP).

Kyle Samani Challenges Hyperliquid's Compliance Timeline

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Article

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Kyle Samani Challenges Hyperliquid's Compliance Timeline

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