Compiled by: ChainCatcher
Important News:
- Trader Eugene Announces Exit from Crypto Market, Claims Stock Opportunities Far Exceed Crypto
- Syscoin Cross-Chain Bridge Attacked, Involving Approximately 5 Billion SYS, Bridging Service Suspended
- Moonshot AI Seeks New Round of Funding Up to $20 Billion, Valuation Target at $300 Billion
- BitMine Purchased 126,971 ETH Last Week, Total Holdings Increase to 5.5438 Million
- Revolut Plans to Proceed with Secondary Share Sale at $115 Billion Valuation
- Strategy Proposal Approved: STRC Dividend Payouts Changed to Semi-Monthly, First Payment Date is July 15th
What important events happened in the past 24 hours?
Strategy Proposal Approved: STRC Dividend Payouts Changed to Semi-Monthly, First Payment Date is July 15th
ChainCatcher News, Michael Saylor, founder and executive chairman of bitcoin treasury company Strategy, posted that STRC and MSTR shareholders have approved changing the STRC dividend payout frequency from monthly to semi-monthly. Under the new arrangement, the first record date is June 30, and the first payment date is July 15.
Bloomberg: SBF Officially Applies for Trump Pardon
ChainCatcher news, according to Bloomberg, FTX founder Sam Bankman-Fried has officially submitted a presidential pardon application through the formal process. SBF is currently serving a 25-year sentence, and his family has been lobbying the Trump administration for months.
Trump explicitly stated in January this year that he had no intention of pardoning SBF. Several pro-crypto Republican congressmen have also actively opposed the move, considering it politically extremely sensitive.
Revolut Plans to Proceed with Secondary Share Sale at $115 Billion Valuation
ChainCatcher news, according to Bloomberg, digital bank Revolut is planning a secondary share sale transaction at a valuation of approximately $115 billion, allowing early investors and employees to cash out. The formal process could start as early as this month, but details are still being discussed.
Sources indicate that Revolut Chairman Martin Gilbert is meeting with potential investors during the Monaco Grand Prix. If this valuation is achieved, CEO Nik Storonsky will be granted additional shares, potentially raising the value of his holdings to at least $36 billion.
Revolut has primarily introduced new investors through secondary transactions in recent years. In November last year, it arranged employee share sales at a $75 billion valuation, with participants including Coatue, a16z, and Nvidia's venture capital arm.
BitMine Purchased 126,971 ETH Last Week, Total Holdings Increase to 5.5438 Million
ChainCatcher news, according to a PR Newswire report, Bitmine's announcement shows that as of June 7, 2026, the company held 5,543,872 ETH, accounting for approximately 4.59% of Ethereum's total supply of 120.7 million, achieving 92% of its "Alchemy of 5%" goal. Over the past week, BitMine purchased 126,971 ETH, marking its largest single-week buying spree recently.
BitMine Chairman Thomas Lee stated that the company's average weekly purchase volume was previously around 26,000 ETH. The significant increase this week is primarily because they believe the current ETH price correction does not reflect the continuous improvement in Ethereum's fundamentals, as well as the long-term positive impact of Wall Street asset tokenization and the growing demand for AI agent systems on open blockchains.
As of now, the total value of BitMine's crypto assets, cash, and other investments is approximately $9.6 billion, including $247 million in cash, 204 BTC, $180 million in Beast Industries equity, and an $88 million investment in Eightco Holdings Inc.
Of this, 4,718,677 ETH have been staked, accounting for over 85% of total holdings. Valued at approximately $7.7 billion at current prices, the estimated annualized staking yield is about $230 million. BitMine stated that it has become the world's largest corporate-level Ethereum reserve institution, second only to Strategy Inc.'s Bitcoin reserve scale. It expects to achieve its strategic goal of holding 5% of ETH's total supply within 2026.
Strategy Spent $101.3 Million Last Week to Acquire 1550 Bitcoins
ChainCatcher news, according to Strategy's 8-K filing with the U.S. SEC, the company purchased 1550 Bitcoins from June 1 to 7, 2026, at an average price of approximately $65,332 each, totaling about $101.3 million. The funds were sourced from proceeds of the MSTR stock ATM program.
As of June 7, 2026, Strategy cumulatively holds 845,256 Bitcoins, with a total acquisition cost of approximately $63.97 billion and an average cost of about $75,680 per Bitcoin.
Meme Hot List
According to data from the meme token tracking and analysis platform GMGN, as of 09:00 on June 9,
Top 5 popular tokens on ETH in the past 24h: HEX, SHIB, LINK, PEPE, mUSD
Top 5 popular tokens on Solana in the past 24h: TROLL, WORLDCUP, neet, Buttcoin, PBTC
Top 5 popular tokens on Base in the past 24h: toby, ELSA, SKI, cbETH, CYPR
What are some interesting articles worth reading from the past 24 hours?
Time to Exit? The Principle of the Tail End of a Bull Market in Stocks
The so-called "fish tail market" originates from Livermore's analogy. Livermore's famous quote is:
"The last eighth of a point is the most expensive."
This warns traders not to blindly guess the top. Later, people compared it to the three parts of a fish: the head, the body, and the tail. The profit from the tail often comes with huge danger, cautioning everyone not to blindly follow the trend.
However, as the market continues to develop, there have been more and more "fish tail markets" recently, which are sharp rallies in the tail end. The gains in such markets are often astonishingly high, far more than just "the last eighth of a point." So, what is the development principle behind fish tail markets? And how does a stock market reach its peak? Today, we revisit Rockefeller's fable.
When Inference Becomes a Scarce Resource, Who Captures the Value?
The gap proposed by David Cahn in 2023 was never filled on the training side. It was filled on the inference side, and the market only began to price it in over the past few weeks. As Nvidia restructured its financial reporting around "service tokens" and Cerebras' IPO received 20 times oversubscription, the bottleneck debate is over. The real question becomes the next one: When inference becomes a scarce resource, which layer of the compute stack will the value settle in.
