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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

Market data shows that BTC has fallen below $66,000, currently priced at $65,959.38, with a 24-hour decline of 7.05%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Falls Below $66,000]Market data shows that BTC has fallen below $66,000, currently priced at $65,959.38, with a 24-hour decline of 7.05%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Falls Below $66,000

On June 3, Santiment released data on social media indicating that Bitcoin fell by 13% over the past week, primarily due to sell-off activities by key stakeholders. Bitcoin whales and sharks (addresses holding 10 to 10,000 BTC) sold off 24,602 Bitcoins (an 18% reduction) in the past week. Meanwhile, small Bitcoin traders (addresses holding less than 0.01 BTC) increased their holdings by 61 Bitcoins (a 12% increase) during the same period.

[Addresses Holding 10 to 10,000 Bitcoins Reduced Holdings by 24,602 Bitcoins Last Week]On June 3, Santiment released data on social media indicating that Bitcoin fell by 13% over the past week, primarily due to sell-off activities by key stakeholders. Bitcoin whales and sharks (addresses holding 10 to 10,000 BTC) sold off 24,602 Bitcoins (an 18% reduction) in the past week. Meanwhile, small Bitcoin traders (addresses holding less than 0.01 BTC) increased their holdings by 61 Bitcoins (a 12% increase) during the same period.

Addresses Holding 10 to 10,000 Bitcoins Reduced Holdings by 24,602 Bitcoins Last Week

On June 3, Babylon announced that its native Bitcoin-supported lending feature has been launched on the Aave v4 public testnet. This feature is supported by Babylon Trustless Bitcoin Vaults, allowing users to use Bitcoin as collateral for lending without the need to transfer custody, wrap, or cross-chain.

[Babylon's Native Bitcoin-Supported Lending Feature Launched on Aave v4 Public Testnet]On June 3, Babylon announced that its native Bitcoin-supported lending feature has been launched on the Aave v4 public testnet. This feature is supported by Babylon Trustless Bitcoin Vaults, allowing users to use Bitcoin as collateral for lending without the need to transfer custody, wrap, or cross-chain.

Babylon's Native Bitcoin-Supported Lending Feature Launched on Aave v4 Public Testnet

On June 3, Santiment released data on social media indicating that Bitcoin fell by 13% over the past week, primarily due to sell-offs by key stakeholders. Bitcoin whales and sharks (addresses holding 10 to 10,000 BTC) sold 24,602 Bitcoins in the past week, a reduction of 18%. Meanwhile, small Bitcoin traders (addresses holding less than 0.01 BTC) increased their holdings by 61 Bitcoins, a rise of 12%.

[Addresses Holding 10 to 10,000 Bitcoins Reduced Holdings by 24,602 Bitcoins in the Past Week]On June 3, Santiment released data on social media indicating that Bitcoin fell by 13% over the past week, primarily due to sell-offs by key stakeholders. Bitcoin whales and sharks (addresses holding 10 to 10,000 BTC) sold 24,602 Bitcoins in the past week, a reduction of 18%. Meanwhile, small Bitcoin traders (addresses holding less than 0.01 BTC) increased their holdings by 61 Bitcoins, a rise of 12%.

Addresses Holding 10 to 10,000 Bitcoins Reduced Holdings by 24,602 Bitcoins in the Past Week

On June 3, Reuters reported that SpaceX plans to set its initial public offering (IPO) price at $135 per share, with approximately 555.6 million shares to be issued, aiming to raise up to $75 billion, which would correspond to a company valuation of about $1.75 trillion. If successful, this would become one of the largest IPOs in the history of global capital markets. The report states that SpaceX's roadshow will begin this Thursday. Unlike traditional IPOs that typically provide a price range beforehand, SpaceX has specified its target issue price prior to the roadshow, which is a relatively rare arrangement. The market expects this roadshow to be one of the most closely watched IPO promotional events in recent years. Notably, SpaceX has previously merged with xAI, creating a comprehensive platform that encompasses aerospace, satellite communications, and artificial intelligence businesses. The funds raised will primarily be used to expand AI computing infrastructure and further develop the Starlink satellite network. Reports indicate that SpaceX is also considering allocating up to 30% of the offering shares to retail investors to meet market demand and broaden its shareholder base. Additionally, Elon Musk will be required to hold his shares for at least 366 days post-IPO to signal a commitment to long-term ownership.

[SpaceX Plans IPO at $135 per Share, Aiming to Raise $75 Billion, Potentially the Largest IPO in History]On June 3, Reuters reported that SpaceX plans to set its initial public offering (IPO) price at $135 per share, with approximately 555.6 million shares to be issued, aiming to raise up to $75 billion, which would correspond to a company valuation of about $1.75 trillion. If successful, this would become one of the largest IPOs in the history of global capital markets. The report states that SpaceX's roadshow will begin this Thursday. Unlike traditional IPOs that typically provide a price range beforehand, SpaceX has specified its target issue price prior to the roadshow, which is a relatively rare arrangement. The market expects this roadshow to be one of the most closely watched IPO promotional events in recent years. Notably, SpaceX has previously merged with xAI, creating a comprehensive platform that encompasses aerospace, satellite communications, and artificial intelligence businesses. The funds raised will primarily be used to expand AI computing infrastructure and further develop the Starlink satellite network. Reports indicate that SpaceX is also considering allocating up to 30% of the offering shares to retail investors to meet market demand and broaden its shareholder base. Additionally, Elon Musk will be required to hold his shares for at least 366 days post-IPO to signal a commitment to long-term ownership.

SpaceX Plans IPO at $135 per Share, Aiming to Raise $75 Billion, Potentially the Largest IPO in History

On June 3, news emerged that Arc, a subsidiary of Circle, released a teaser on social media indicating that it will announce important news at 11 PM Beijing time on June 9.

[Arc, a Subsidiary of Circle, Announces Important News on June 9]On June 3, news emerged that Arc, a subsidiary of Circle, released a teaser on social media indicating that it will announce important news at 11 PM Beijing time on June 9.

Arc, a Subsidiary of Circle, Announces Important News on June 9

On June 3, according to Lookonchain statistics, as the cryptocurrency market continues to decline, Bitmine's paper loss on its ETH reserves has surpassed the paper loss on Strategy's BTC reserves. The Ethereum reserve company Bitmine Immersion Technologies, supported by Tom Lee, currently holds 5,416,901 ETH, which is valued at approximately $10.03 billion at current market prices, 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 and a paper loss of about $7.6 billion.

[Bitmine's $8.9 Billion Paper Loss Exceeds Strategy's]On June 3, according to Lookonchain statistics, as the cryptocurrency market continues to decline, Bitmine's paper loss on its ETH reserves has surpassed the paper loss on Strategy's BTC reserves. The Ethereum reserve company Bitmine Immersion Technologies, supported by Tom Lee, currently holds 5,416,901 ETH, which is valued at approximately $10.03 billion at current market prices, 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 and a paper loss of about $7.6 billion.

Bitmine's $8.9 Billion Paper Loss Exceeds Strategy's

HTX data monitoring shows that XRP has fallen below 1.2 USDT, currently reported at 1.199 USDT, with a 24H decline of 6.80%.

【XRP falls below 1.2 USDT】HTX data monitoring shows that XRP has fallen below 1.2 USDT, currently reported at 1.199 USDT, with a 24H decline of 6.80%.

XRP falls below 1.2 USDT

ctr24小时涨幅10.42%，暂报0.018435USDT

【HTX数据监测显示，ctr暂报0.018435 USDT，24小时涨幅为10.42%。】ctr24小时涨幅10.42%，暂报0.018435USDT

HTX数据监测显示，ctr暂报0.018435 USDT，24小时涨幅为10.42%。

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BTC falls below 70000 USDT

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HTX数据监测显示，ctr暂报0.018435 USDT，24小时涨幅为10.42%。

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