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On June 1, spot gold fell below $4500 per ounce, with a daily decline of 0.90%. (Jin Shi)

[Spot Gold Falls Below $4500/Ounce, Daily Decline of 0.90%]On June 1, spot gold fell below $4500 per ounce, with a daily decline of 0.90%. (Jin Shi)

Spot Gold Falls Below $4500/Ounce, Daily Decline of 0.90%

On June 1, Citi released its latest report titled "Tokenization 2030: Wall Street On-Chain," predicting that the market for tokenized real-world assets (RWA) will grow from the current approximately $17 billion to $5.5 trillion by 2030. Depending on different adoption scenarios, the market size could range between $2.7 trillion and $8.2 trillion. The report anticipates that by 2030, about 10% of the U.S. short-term treasury market and 3% of the public equity market will be tokenized. Additionally, the expansion of the stablecoin market could lead to approximately $1 trillion in new demand for U.S. treasuries; if 10% of U.S. retail investors shift to digital trading platforms, it could create around $2.6 trillion in demand for digital equities. Citi believes that as traditional financial assets gradually move on-chain, tokenization is expected to become a crucial bridge connecting Wall Street with blockchain infrastructure and drive the digital transformation of global capital markets.

[Citi: Tokenized Securities Market Could Reach $5.5 Trillion by 2030s]On June 1, Citi released its latest report titled "Tokenization 2030: Wall Street On-Chain," predicting that the market for tokenized real-world assets (RWA) will grow from the current approximately $17 billion to $5.5 trillion by 2030. Depending on different adoption scenarios, the market size could range between $2.7 trillion and $8.2 trillion. The report anticipates that by 2030, about 10% of the U.S. short-term treasury market and 3% of the public equity market will be tokenized. Additionally, the expansion of the stablecoin market could lead to approximately $1 trillion in new demand for U.S. treasuries; if 10% of U.S. retail investors shift to digital trading platforms, it could create around $2.6 trillion in demand for digital equities. Citi believes that as traditional financial assets gradually move on-chain, tokenization is expected to become a crucial bridge connecting Wall Street with blockchain infrastructure and drive the digital transformation of global capital markets.

Citi: Tokenized Securities Market Could Reach $5.5 Trillion by 2030s

On June 1, according to an official announcement, Huobi HTX has launched QNTX/USDT, AMAT/USDT, and IBM/USDT perpetual contracts, with a maximum leverage of 10x. Additionally, from June 1, 15:00 to June 8, 15:00 (UTC+8), Huobi HTX is hosting a trading party for QNTX, AMAT, and IBM contracts, with a total prize pool of up to $20,000. During the event, users who register and participate in QNTX/USDT, AMAT/USDT, and IBM/USDT contract trading with a cumulative effective trading volume of ≥1,000 USDT will be eligible to share the prize pool based on their trading volume rankings. New users trading QNTX/USDT, AMAT/USDT, and IBM/USDT contracts will also receive exclusive benefits.

[Huobi HTX Launches QNTX, AMAT, and IBM Perpetual Contracts with Trading Party Event]On June 1, according to an official announcement, Huobi HTX has launched QNTX/USDT, AMAT/USDT, and IBM/USDT perpetual contracts, with a maximum leverage of 10x. Additionally, from June 1, 15:00 to June 8, 15:00 (UTC+8), Huobi HTX is hosting a trading party for QNTX, AMAT, and IBM contracts, with a total prize pool of up to $20,000. During the event, users who register and participate in QNTX/USDT, AMAT/USDT, and IBM/USDT contract trading with a cumulative effective trading volume of ≥1,000 USDT will be eligible to share the prize pool based on their trading volume rankings. New users trading QNTX/USDT, AMAT/USDT, and IBM/USDT contracts will also receive exclusive benefits.

Huobi HTX Launches QNTX, AMAT, and IBM Perpetual Contracts with Trading Party Event

On June 1, according to official news from the NFT trading platform Rarible, Web3 infrastructure and investment firm IMPOSSIBLE has completed the acquisition of the Rarible brand and key platform assets. Rarible stated that the platform has played an important role over the years in the fields of NFTs, digital ownership, and creator economy, serving artists, collectors, developers, and community users. IMPOSSIBLE will take over the relevant brand and core assets, committing to continue the existing development direction of the Rarible ecosystem rather than completely reshaping the platform. The acquisition also includes Rarible's RaribleX infrastructure business, which provides on-chain store building and operational technical support for enterprises and brands. In the future, IMPOSSIBLE will focus on maintaining stable platform operations, continuing to serve artists, creators, collectors, and community users in the NFT space, while advancing product optimization and ecosystem expansion based on the existing foundation. The official statement indicated that the current focus is on ensuring business continuity and community confidence, with new development plans to be gradually announced in the future.

[IMPOSSIBLE Acquires Rarible Brand and Core Platform Assets]On June 1, according to official news from the NFT trading platform Rarible, Web3 infrastructure and investment firm IMPOSSIBLE has completed the acquisition of the Rarible brand and key platform assets. Rarible stated that the platform has played an important role over the years in the fields of NFTs, digital ownership, and creator economy, serving artists, collectors, developers, and community users. IMPOSSIBLE will take over the relevant brand and core assets, committing to continue the existing development direction of the Rarible ecosystem rather than completely reshaping the platform. The acquisition also includes Rarible's RaribleX infrastructure business, which provides on-chain store building and operational technical support for enterprises and brands. In the future, IMPOSSIBLE will focus on maintaining stable platform operations, continuing to serve artists, creators, collectors, and community users in the NFT space, while advancing product optimization and ecosystem expansion based on the existing foundation. The official statement indicated that the current focus is on ensuring business continuity and community confidence, with new development plans to be gradually announced in the future.

IMPOSSIBLE Acquires Rarible Brand and Core Platform Assets

On June 1, TenArmor reported that it has detected a suspicious attack involving AROS on the BSC, with estimated losses of approximately $295,000.

[TenArmor Detects Suspicious Attack Involving AROS on BSC, Losses Estimated at $295,000]On June 1, TenArmor reported that it has detected a suspicious attack involving AROS on the BSC, with estimated losses of approximately $295,000.

TenArmor Detects Suspicious Attack Involving AROS on BSC, Losses Estimated at $295,000

On June 1, U.S.-listed mining company Cango Inc. (NYSE: CANG) released its Q1 2026 financial report. In the first quarter of 2026, Cango achieved total revenue of $102 million, with its Bitcoin mining operations contributing $98.4 million, having mined a total of 1,266 Bitcoins during the quarter. The company is actively de-leveraging, significantly reducing long-term debt from $557.6 million at the end of 2025 to $30.6 million, a decrease of 94.5%, leading to a notable optimization of its balance sheet. By the end of the quarter, it held 1,026 Bitcoins and received a $65 million capital injection from the chairman, further enhancing liquidity. Despite the impact of falling Bitcoin prices, the company recorded a net loss of $261.1 million, primarily due to non-cash impairments (a fair value change of $151.8 million on collateral receivables and a $69.3 million impairment on mining equipment), while core mining cash flow remained robust. The operational hash rate reached 37.01 EH/s (with self-mining at 27.98 EH/s), as the company continued to phase out inefficient S19 models and upgrade to S21 high-efficiency equipment, while also transitioning some sites to a revenue-sharing hosting model, significantly reducing electricity costs and operational risks. The highlight of the quarter was the official launch of the EcoHash AI computing platform, with a pilot of modular container computing units, marking a substantial step in the company's strategic shift from Bitcoin mining to an AI computing network. In the future, it aims to solidify the foundation of mining cash flow and gradually build a global AI computing ecosystem, leveraging its strategic partnership with DL Group.

[Cango Inc. Reports Q1 Earnings: $102 Million in Revenue, Strong Core Mining Cash Flow, Launch of EcoHash AI Computing Platform]On June 1, U.S.-listed mining company Cango Inc. (NYSE: CANG) released its Q1 2026 financial report. In the first quarter of 2026, Cango achieved total revenue of $102 million, with its Bitcoin mining operations contributing $98.4 million, having mined a total of 1,266 Bitcoins during the quarter. The company is actively de-leveraging, significantly reducing long-term debt from $557.6 million at the end of 2025 to $30.6 million, a decrease of 94.5%, leading to a notable optimization of its balance sheet. By the end of the quarter, it held 1,026 Bitcoins and received a $65 million capital injection from the chairman, further enhancing liquidity. Despite the impact of falling Bitcoin prices, the company recorded a net loss of $261.1 million, primarily due to non-cash impairments (a fair value change of $151.8 million on collateral receivables and a $69.3 million impairment on mining equipment), while core mining cash flow remained robust. The operational hash rate reached 37.01 EH/s (with self-mining at 27.98 EH/s), as the company continued to phase out inefficient S19 models and upgrade to S21 high-efficiency equipment, while also transitioning some sites to a revenue-sharing hosting model, significantly reducing electricity costs and operational risks. The highlight of the quarter was the official launch of the EcoHash AI computing platform, with a pilot of modular container computing units, marking a substantial step in the company's strategic shift from Bitcoin mining to an AI computing network. In the future, it aims to solidify the foundation of mining cash flow and gradually build a global AI computing ecosystem, leveraging its strategic partnership with DL Group.

Cango Inc. Reports Q1 Earnings: $102 Million in Revenue, Strong Core Mining Cash Flow, Launch of EcoHash AI Computing Platform

HTX data monitoring shows that DOGE has fallen below 0.1 USDT, currently reported at 0.1 USDT, with a 24H decline of 0.80%.

【DOGE falls below 0.1 USDT】HTX data monitoring shows that DOGE has fallen below 0.1 USDT, currently reported at 0.1 USDT, with a 24H decline of 0.80%.

DOGE falls below 0.1 USDT

On June 1, as the U.S. April PCE rose to 3.8% and core PCE remained high at 3.3%, several Federal Reserve officials continued to emphasize inflation risks. Even though the Fed has yet to take action, the bond market has already preemptively completed part of the tightening work. The market is beginning to accept a new reality—high interest rates may persist longer than previously expected, and the financial environment has already tightened in advance. The core driver of this repricing wave still stems from the situation in the Middle East. Despite Trump's claims that the U.S. and Iran have reached consensus on some issues, significant disagreements remain on core issues such as the nuclear program, uranium disposal, and jurisdiction over the Strait of Hormuz. Iran not only refuses to export enriched uranium but Congress is also preparing to push for a 'sovereign jurisdiction' plan over the Strait of Hormuz, while U.S. military actions continue around the strait, with suspected mine alerts even appearing in Omani waters. This indicates that the comprehensive cooling expected by the market has not yet materialized, and energy supply risks remain unresolved. Consequently, the bond market is effectively performing the tightening work that should have been executed by monetary policy. Recently, U.S. Treasury yields have remained high, with the market even suggesting that 'the bond market has effectively raised rates by 75 basis points.' The simultaneous rise in yields from two-year to ten-year Treasuries indicates that corporate financing costs, mortgage rates, and capital costs have all significantly increased. This phenomenon implies that even if the Fed maintains interest rates, market funding costs continue to rise, and the global liquidity environment is effectively contracting passively. More pronounced divisions are also emerging within the Fed. Kashkari and Bowman believe that the price shocks caused by the war still need time to observe, while Philadelphia Fed President Harker and Kansas Fed President George argue that inflation issues existed long before the outbreak of the war and may even necessitate further tightening of policies. Additionally, the market is beginning to face another layer of risk—the issue of institutional trust. Former Fed Chair Powell has rarely publicly warned that if the government can dismiss Fed officials due to policy disagreements, the Fed's credibility will be fundamentally undermined. This controversy surrounding the independence of the Fed has, to some extent, transcended monetary policy itself and begun to affect global investors' assessments of the stability of U.S. institutions. In the cryptocurrency market, BTC is currently facing not just a risk appetite issue, but also a liquidity test brought about by the simultaneous rise in global funding costs. If this week’s non-farm payroll data is strong and yields approach 5%, the market will reassess the valuations of risk assets; conversely, if employment shows signs of cooling, it may alleviate market concerns about further tightening. At this stage, what truly dominates the market is no longer whether the Fed will raise rates, but whether the bond market has already preemptively achieved the effects of a rate hike.

[Bitunix Analyst: Bond Pricing Reflects Rate Hikes Without Actual Increases, Energy Risks, Bond Revaluation, and Institutional Uncertainty Drive Up Global Funding Costs]On June 1, as the U.S. April PCE rose to 3.8% and core PCE remained high at 3.3%, several Federal Reserve officials continued to emphasize inflation risks. Even though the Fed has yet to take action, the bond market has already preemptively completed part of the tightening work. The market is beginning to accept a new reality—high interest rates may persist longer than previously expected, and the financial environment has already tightened in advance. The core driver of this repricing wave still stems from the situation in the Middle East. Despite Trump's claims that the U.S. and Iran have reached consensus on some issues, significant disagreements remain on core issues such as the nuclear program, uranium disposal, and jurisdiction over the Strait of Hormuz. Iran not only refuses to export enriched uranium but Congress is also preparing to push for a 'sovereign jurisdiction' plan over the Strait of Hormuz, while U.S. military actions continue around the strait, with suspected mine alerts even appearing in Omani waters. This indicates that the comprehensive cooling expected by the market has not yet materialized, and energy supply risks remain unresolved. Consequently, the bond market is effectively performing the tightening work that should have been executed by monetary policy. Recently, U.S. Treasury yields have remained high, with the market even suggesting that 'the bond market has effectively raised rates by 75 basis points.' The simultaneous rise in yields from two-year to ten-year Treasuries indicates that corporate financing costs, mortgage rates, and capital costs have all significantly increased. This phenomenon implies that even if the Fed maintains interest rates, market funding costs continue to rise, and the global liquidity environment is effectively contracting passively. More pronounced divisions are also emerging within the Fed. Kashkari and Bowman believe that the price shocks caused by the war still need time to observe, while Philadelphia Fed President Harker and Kansas Fed President George argue that inflation issues existed long before the outbreak of the war and may even necessitate further tightening of policies. Additionally, the market is beginning to face another layer of risk—the issue of institutional trust. Former Fed Chair Powell has rarely publicly warned that if the government can dismiss Fed officials due to policy disagreements, the Fed's credibility will be fundamentally undermined. This controversy surrounding the independence of the Fed has, to some extent, transcended monetary policy itself and begun to affect global investors' assessments of the stability of U.S. institutions. In the cryptocurrency market, BTC is currently facing not just a risk appetite issue, but also a liquidity test brought about by the simultaneous rise in global funding costs. If this week’s non-farm payroll data is strong and yields approach 5%, the market will reassess the valuations of risk assets; conversely, if employment shows signs of cooling, it may alleviate market concerns about further tightening. At this stage, what truly dominates the market is no longer whether the Fed will raise rates, but whether the bond market has already preemptively achieved the effects of a rate hike.

Bitunix Analyst: Bond Pricing Reflects Rate Hikes Without Actual Increases, Energy Risks, Bond Revaluation, and Institutional Uncertainty Drive Up Global Funding Costs

On June 1, according to HTX market data, Bitcoin briefly fell below $73,000, currently priced at $73,094, with a 24-hour decline of 1.34%.

[Bitcoin Briefly Drops Below $73,000]On June 1, according to HTX market data, Bitcoin briefly fell below $73,000, currently priced at $73,094, with a 24-hour decline of 1.34%.

Bitcoin Briefly Drops Below $73,000

Meta has made plans to introduce virtual currency, tokens and loan services in its application. Facebook's financial arm, Meta financial Technologies, has been exploring creating a virtual currency for the company, known internally as "Zuck Bucks," according to several people familiar with the matter. Meta tends to introduce in-app tokens, centrally controlled by the company, similar to those used in gaming apps. The company has recently tried to find other revenue streams and support e-commerce on the platform, delving into cryptocurrencies and blockchain technology.

Detail

【Meta explore virtual currency for the Metaverse】Meta has made plans to introduce virtual currency, tokens and loan services in its application. Facebook's financial arm, Meta financial Technologies, has been exploring creating a virtual currency for the company, known internally as "Zuck Bucks," according to several people familiar with the matter. Meta tends to introduce in-app tokens, centrally controlled by the company, similar to those used in gaming apps. The company has recently tried to find other revenue streams and support e-commerce on the platform, delving into cryptocurrencies and blockchain technology.

Meta explore virtual currency for the Metaverse

Microsoft to Discontinue Using Claude: Too Expensive, or a Calculated Move?

NeoCloud Three Giants: NBIS, IREN, CRWV – Which One Has More Investment Value?

US Spot Bitcoin ETFs Near Yearly Outflow Territory

New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

Galxe: How a Quest Platform Evolved into Web3's Growth Infrastructure

DeFi Has Reached Its Most Dangerous Moment: The Real Vulnerabilities Are Not in the Code

Eric Trump Sets A “Beyond Catastrophic” Bar To Sell Bitcoin — How Far Are We From That?

Investors Frantically Snap Up AI Firms with 'No Profits': A High-Stakes Gamble on 'the Right to Define the Future'

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Article

Chan Mo-po: Trust from Domestic and Foreign Funds Indicates Significant Growth in Hong Kong's Asset Management Sector

Meta explore virtual currency for the Metaverse

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