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On June 2, CNBC reported that the prediction market platform Polymarket has completed its first institutional bulk trade related to artificial intelligence computing power infrastructure. This six-figure trade was executed by digital asset broker FalconX in partnership with trading technology startup Anera Labs. The contracts involved in the trade are linked to the Ornn Compute Price Index, which tracks the rental prices of NVIDIA H100 GPU chips and serves as an important benchmark for measuring AI computing costs. Brooke Rizzetto, Polymarket's Head of Institutional Liquidity, stated, "Prediction markets are becoming one of the most promising platforms for institutions to conduct bulk trades, and this transaction is the best proof of that. It is exactly what we have been striving to build, to see institutional counterparties using Polymarket to hedge their real GPU computing power exposure on a large scale."

[Polymarket Completes First Institutional Bulk Trade, Accelerating Penetration into Wall Street's Mainstream Financial System]On June 2, CNBC reported that the prediction market platform Polymarket has completed its first institutional bulk trade related to artificial intelligence computing power infrastructure. This six-figure trade was executed by digital asset broker FalconX in partnership with trading technology startup Anera Labs. The contracts involved in the trade are linked to the Ornn Compute Price Index, which tracks the rental prices of NVIDIA H100 GPU chips and serves as an important benchmark for measuring AI computing costs. Brooke Rizzetto, Polymarket's Head of Institutional Liquidity, stated, "Prediction markets are becoming one of the most promising platforms for institutions to conduct bulk trades, and this transaction is the best proof of that. It is exactly what we have been striving to build, to see institutional counterparties using Polymarket to hedge their real GPU computing power exposure on a large scale."

Polymarket Completes First Institutional Bulk Trade, Accelerating Penetration into Wall Street's Mainstream Financial System

HTX data monitoring shows that BTC has dropped below 69,000 USDT, currently reported at 68,993.66 USDT, with a 24H decline of 4.50%.

【BTC fell below 69000 USDT】HTX data monitoring shows that BTC has dropped below 69,000 USDT, currently reported at 68,993.66 USDT, with a 24H decline of 4.50%.

BTC fell below 69000 USDT

On June 2, Fed's Harker stated that given the many uncertainties in the economic outlook, maintaining the current interest rates is reasonable, but officials may need to act quickly to address the rising inflation issue. Harker expressed greater concern about inflation, which has exceeded the Fed's 2% target level for over five years, while she is less worried about the strong performance of the labor market. She noted that the Fed's benchmark interest rate 'may not be restrictive,' and she has not heard complaints from business owners that high rates are hindering their investments. Price pressures are 'broadly distributed,' affecting both goods and non-housing services.

[Fed's Harker: Action May Be Needed Soon if Inflation Trends Do Not Cool]On June 2, Fed's Harker stated that given the many uncertainties in the economic outlook, maintaining the current interest rates is reasonable, but officials may need to act quickly to address the rising inflation issue. Harker expressed greater concern about inflation, which has exceeded the Fed's 2% target level for over five years, while she is less worried about the strong performance of the labor market. She noted that the Fed's benchmark interest rate 'may not be restrictive,' and she has not heard complaints from business owners that high rates are hindering their investments. Price pressures are 'broadly distributed,' affecting both goods and non-housing services.

Fed's Harker: Action May Be Needed Soon if Inflation Trends Do Not Cool

On June 2, according to market news, SpaceX is pressuring banks in an effort to achieve the lowest IPO fee rate in history. SpaceX is negotiating with the banks underwriting its initial public offering (IPO), seeking to pay less than 0.75% in underwriting fees.

[SpaceX Pressures Banks to Achieve Record Low IPO Fee Rate]On June 2, according to market news, SpaceX is pressuring banks in an effort to achieve the lowest IPO fee rate in history. SpaceX is negotiating with the banks underwriting its initial public offering (IPO), seeking to pay less than 0.75% in underwriting fees.

SpaceX Pressures Banks to Achieve Record Low IPO Fee Rate

Polymarket announced that starting June 8, the redeployed deposit wallet will adopt a new architecture, allowing the platform to continuously perform security maintenance, functionality upgrades, and bug fixes without changing wallet addresses or affecting user funds. Polymarket stated that existing wallets will continue to operate normally as they currently do. Users who wish to manage the upgrades themselves can opt out of this mechanism at the contract level. Additionally, the platform reminds developers to update to the latest SDK client, and developers directly accessing the API should note that the wallet address derivation method has changed and refer to the latest documentation for adaptation.

[Polymarket Upgrades Deposit Wallet Architecture: Functionality Enhancements and Security Maintenance Without Address Change]Polymarket announced that starting June 8, the redeployed deposit wallet will adopt a new architecture, allowing the platform to continuously perform security maintenance, functionality upgrades, and bug fixes without changing wallet addresses or affecting user funds. Polymarket stated that existing wallets will continue to operate normally as they currently do. Users who wish to manage the upgrades themselves can opt out of this mechanism at the contract level. Additionally, the platform reminds developers to update to the latest SDK client, and developers directly accessing the API should note that the wallet address derivation method has changed and refer to the latest documentation for adaptation.

Polymarket Upgrades Deposit Wallet Architecture: Functionality Enhancements and Security Maintenance Without Address Change

On June 2, according to market news, SpaceX is pressuring banks to achieve the historically lowest IPO fee rate. SpaceX is negotiating with the banks underwriting its initial public offering (IPO) to seek underwriting fees below 0.75%. Despite SpaceX's efforts to lower the underwriting fees, banks are still likely to earn about $500 million from this IPO.

[SpaceX Pressures Banks to Achieve Historic Lowest IPO Fee Rate]On June 2, according to market news, SpaceX is pressuring banks to achieve the historically lowest IPO fee rate. SpaceX is negotiating with the banks underwriting its initial public offering (IPO) to seek underwriting fees below 0.75%. Despite SpaceX's efforts to lower the underwriting fees, banks are still likely to earn about $500 million from this IPO.

SpaceX Pressures Banks to Achieve Historic Lowest IPO Fee Rate

On June 2, Glassnode reported that the price of Bitcoin has currently fallen to $69,500, with long-term holders experiencing a relative unrealized loss of 15.5%. This means that for every $1 of Bitcoin held, long-term holders are currently facing an average unrealized loss of about $0.155 (15.5 cents). Historically, during the extreme bottom phases of market cycles, this metric has exceeded 50%, indicating that for every $1 of holdings, there was more than $0.5 of unrealized loss. Data shows that there is indeed some pressure in the current market, but the level of pain experienced by long-term holders is still far from the levels typically associated with cyclical bottoms in history. In other words, based on the losses of long-term holders, the market has not yet shown the widespread and deep 'capitulation selling' signs seen at the bottoms of past bear markets.

[Viewpoint: Signs of 'Capitulation Selling' at Bitcoin Bear Market Bottom Not Yet Apparent]On June 2, Glassnode reported that the price of Bitcoin has currently fallen to $69,500, with long-term holders experiencing a relative unrealized loss of 15.5%. This means that for every $1 of Bitcoin held, long-term holders are currently facing an average unrealized loss of about $0.155 (15.5 cents). Historically, during the extreme bottom phases of market cycles, this metric has exceeded 50%, indicating that for every $1 of holdings, there was more than $0.5 of unrealized loss. Data shows that there is indeed some pressure in the current market, but the level of pain experienced by long-term holders is still far from the levels typically associated with cyclical bottoms in history. In other words, based on the losses of long-term holders, the market has not yet shown the widespread and deep 'capitulation selling' signs seen at the bottoms of past bear markets.

Viewpoint: Signs of 'Capitulation Selling' at Bitcoin Bear Market Bottom Not Yet Apparent

On June 2, Wintermute released a market analysis indicating that the crypto market has recently significantly underperformed compared to the U.S. stock market. Bitcoin has fallen below $70,000, while the S&P 500 index has recorded its ninth consecutive week of gains. Meanwhile, approximately $1.4 billion has flowed out of Bitcoin spot ETFs, marking the longest streak of redemptions since their inception, while Ethereum ETFs saw outflows of about $240 million during the same period, as market risk appetite continues to shift towards traditional U.S. stocks. On a macro level, the U.S. core PCE in April rose to 3.3% year-on-year, with inflationary pressures remaining stubborn. Despite Brent crude oil prices plummeting about 20% to around $91 this month, the yield on the U.S. 10-year Treasury bond has fallen to 4.45%, yet the market still anticipates a 35% to 40% chance of interest rate hikes within the year. In contrast, AI-driven software and technology sectors continue to deliver strong performance, propelling the Nasdaq index to an approximately 8% monthly increase, with funds further flowing into the U.S. stock market. Analysts believe that the current crypto market lacks a growth narrative similar to that of AI, making it difficult to attract new capital. Aside from Bitcoin and Ethereum, market highlights are mainly focused on the Hyperliquid ecosystem token HYPE, which has surpassed $70 and continues to strengthen, becoming one of the few assets that have decoupled from the broader market's downturn. The crypto market still faces short-term pressure, but long-term capital has begun to gradually position itself, with future ETF fund flows and U.S. inflation data expected to be key factors influencing market trends.

[Wintermute: Crypto Market Lacks AI-like Growth Narrative, Struggling to Attract New Capital]On June 2, Wintermute released a market analysis indicating that the crypto market has recently significantly underperformed compared to the U.S. stock market. Bitcoin has fallen below $70,000, while the S&P 500 index has recorded its ninth consecutive week of gains. Meanwhile, approximately $1.4 billion has flowed out of Bitcoin spot ETFs, marking the longest streak of redemptions since their inception, while Ethereum ETFs saw outflows of about $240 million during the same period, as market risk appetite continues to shift towards traditional U.S. stocks. On a macro level, the U.S. core PCE in April rose to 3.3% year-on-year, with inflationary pressures remaining stubborn. Despite Brent crude oil prices plummeting about 20% to around $91 this month, the yield on the U.S. 10-year Treasury bond has fallen to 4.45%, yet the market still anticipates a 35% to 40% chance of interest rate hikes within the year. In contrast, AI-driven software and technology sectors continue to deliver strong performance, propelling the Nasdaq index to an approximately 8% monthly increase, with funds further flowing into the U.S. stock market. Analysts believe that the current crypto market lacks a growth narrative similar to that of AI, making it difficult to attract new capital. Aside from Bitcoin and Ethereum, market highlights are mainly focused on the Hyperliquid ecosystem token HYPE, which has surpassed $70 and continues to strengthen, becoming one of the few assets that have decoupled from the broader market's downturn. The crypto market still faces short-term pressure, but long-term capital has begun to gradually position itself, with future ETF fund flows and U.S. inflation data expected to be key factors influencing market trends.

Wintermute: Crypto Market Lacks AI-like Growth Narrative, Struggling to Attract New Capital

Fed's Harker: Maintaining stable interest rates is reasonable at this time. If high inflation persists, larger adjustments may be necessary.

[Fed's Harker: Maintaining Stable Interest Rates is Reasonable]Fed's Harker: Maintaining stable interest rates is reasonable at this time. If high inflation persists, larger adjustments may be necessary.

Fed's Harker: Maintaining Stable Interest Rates is Reasonable

On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting for 2026, and the review results indicated that Yushu Technology Co., Ltd. meets the conditions for issuance, listing, and information disclosure requirements.

[Yushu Technology's IPO Approved by Sci-Tech Innovation Board]On June 1, the Listing Review Committee of the Shanghai Stock Exchange held its 31st meeting for 2026, and the review results indicated that Yushu Technology Co., Ltd. meets the conditions for issuance, listing, and information disclosure requirements.

Yushu Technology's IPO Approved by Sci-Tech Innovation Board

4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

Best Crypto To Invest In: Top 5 Coins To Buy for the Next Market Rally

Hoskinson Says This Cardano App Could Become Crypto’s Most-Used By 2030

Top Cryptos Under $0.05 Offering 1,000%+ Upside Potential if Adoption Targets Are Reached

From Mining Pool to Mars: Why Is Wang Chun in the SpaceX Cockpit?

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

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

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

Article

BTC drops below 72000 USDT

BTC drops below 71000 USDT

Yushu Technology's IPO Approved by Sci-Tech Innovation Board

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