Anonymous Whale Purchases $283 Million Worth of ETH via Over-the-Counter Trading
According to LookOnChain, an anonymous whale address (starting with 0x0b26) appears to have purchased 108,278 ETH (equivalent to $283 million) through over-the-counter (OTC) trading. Currently, this address holds 139,476 ETH (worth approximately $365 million).
ETH Spot ETF Sees $149.9 Million Net Inflow
TraderT reported that on the 3rd (local time), the US Ethereum spot ETF experienced a net inflow of $109.26 million (approximately 149.9 billion won). This marks the 12th consecutive day of net inflows. BlackRock's ETHA saw $76.89 million, and Fidelity's FETH saw $20.97 million in net inflows. No ETFs recorded net outflows.
BTC Spot ETF Switches to Net Inflow After 4 Trading Days... $514.7 Billion
TraderT reported that on the 3rd (local time), the US Bitcoin spot ETF saw a net inflow of $375.06 million (approximately 514.7 billion won). This comes after three consecutive trading days of net outflows. BlackRock's IBIT received $57.99 million, Fidelity's FBTC received $136.83 million, and ARK Invest's ARKB received $139.93 million in net inflows. No ETFs recorded net outflows that day.
Ethereum Co-Founder: "Discussing ETH Infrastructure with Sovereign Wealth Funds of Major Countries"
Ethereum (ETH) co-founder Joseph Lubin stated in an interview with Rug Radio that they are "discussing ETH infrastructure with sovereign wealth funds and banks of some major countries." No specific countries or fund names were mentioned. He explained that "the structural fatigue of the traditional financial system has reached a critical point. Decentralized protocols are the answer. Some national sovereign wealth funds are showing interest in building ETH ecosystem infrastructure, which may include layer 1 and layer 2 components. ETH is currently undervalued in its narrative, which is a middle child phenomenon. ETH is quietly preparing for the future."
California State Assembly Passes Bill Allowing Cryptocurrency for Government Fees
Bitcoin.org reported via X that the California State Assembly unanimously passed a bill allowing government fees to be paid with cryptocurrency. The bill will now move to the state senate.
US Democrats: "SEC Only Shared Crypto Market Structure Bill Information with Republicans"
US Democrats claimed that the Securities and Exchange Commission (SEC) has only shared information about the crypto market structure bill with Republicans. According to Decrypt, Democratic House representatives' staff criticized that while the SEC has not provided written analysis of the crypto market structure bill to them in recent weeks, it has privately provided such information to Republicans. Typically, the SEC provides detailed analysis of how pending bills might impact institutions and financial markets to legislators from both parties, but in this case, officials have refused to provide the document, claiming it as a privileged document. The crypto market structure bill is a follow-up version to the Financial Innovation and Technology for the 21st Century Act (FIT21) passed in the previous session, which limits the scope of project disclosure. It also stipulates that developers must raise capital under SEC supervision or register with the Commodity Futures Trading Commission (CFTC) for cryptocurrency trading, establishing clear jurisdictional boundaries between the two regulatory agencies.
AI On-Chain Game Startup Launcher Capital Raises $4 Million Investment
Launcher Capital, an artificial intelligence (AI) based on-chain game startup, announced that it has raised $4 million in a seed round led by a16z Crypto. Launcher Capital is developing games that combine AI and on-chain IP. The investment will be used to develop immersive AI games.
Spanish Coffee Brand Vanadi Plans $1.1 Billion BTC Reserve
BeInCrypto reported that Spanish coffee brand Vanadi Coffee plans to invest $1.1 billion in building a BTC reserve. Vanadi intends to transition from the coffee business to the BTC business in the future. Salvador Martí, chairman of Vanadi Coffee's board, stated that he will request the board to issue convertible bonds for building BTC reserves.
Trump Team Deposits $47 Million TRUMP Across Multiple Exchanges
According to Arkham Data, a team-estimated address for the meme coin Trump (TRUMP), starting with CDW1AU, withdrew 4.167 million TRUMP (equivalent to $47 million) from the treasury and deposited it into Binance, OKX, Bybit, and Coinbase between 6:37 and 6:54 AM today.
Lee Jae-myung's Key Cryptocurrency Pledges Summarized
Lee Jae-myung proposed several cryptocurrency-related pledges before and during his presidential campaign. These include introducing won-pegged stablecoins, legalizing spot ETF investments, reviewing ICO and STO allowances, tax deferral, strengthening investor protection, supporting the ecosystem, cracking down on illegal activities, and relaxing exchange regulations.
Pump.fun Expects Large-Scale Airdrop
Regarding Pump.fun's announcement of raising $1 billion through token sales, crypto influencer Miya (@MiyaHedge) stated, "Pump.fun's valuation was $12 million during the seed round. Seed investors could see 1000x returns with this token issuance. Pump.fun is expected to conduct a large-scale airdrop for users, as the liquidity they secure will flow back into Pump.fun."
Magic Eden: "Trump Official Wallet Launch is Confirmed"
Magic Eden (ME) confirmed the Trump wallet launch, stating it is an "official Trump-branded and IP-using wallet," as reported by Crypto in America host Eleanor Terrett. Magic Eden told Terrett, "We have been collaborating for the TRUMP project's Non-Fungible Token release, and we are now happy to collaborate on the Trump wallet launch."
US Senator: "Some Military Generals Support BTC Reserves"
U.S. Republican Senator Cynthia Lummis from Wyoming, who is pro-cryptocurrency, said that "some U.S. military generals hold the position that they should stockpile BTC as a strategic asset," according to CoinTelegraph.
22 Members of a Multi-Level Organization Caught Stealing $46.8 Million in Virtual Asset Investments
The Kyunghyang Shinmun reported that 22 members of an illegal multi-level organization who conducted virtual real estate and other virtual asset investment fraud, causing damage of 40 billion won to over 2,000 people over 9 years, were arrested by the police. The police seized 26 billion won in criminal proceeds and prohibited the disposal of 15 billion won worth of real estate and bonds.
NYSE Submits Documents to List and Allow Trading of Truth Social BTC ETF
According to the Unfolded X account, the New York Stock Exchange (NYSE) has submitted documents to list and allow trading of the Truth Social BTC ETF.
Ripple CEO: "Never Pursued Acquisition of Circle"
Brad Garlinghouse, Ripple's CEO, stated at a recent event in Las Vegas that he "never pursued the acquisition of Circle, the issuer of USDC," according to U Today.
U.S. Senate Schedules CFTC Chairman Nominee Hearing for 6/11
Eleanor Terrett, host of Crypto in America, reported that the U.S. Senate Committee on Agriculture, Nutrition, and Forestry has scheduled a hearing for CFTC Chairman nominee Brian Quintenz on June 11 at 4 PM (Korean time).
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
The recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation rate are as follows:
ETH Liquidation Scale: $37.19 million, Liquidation Rate: Long 58.56%
BTC Liquidation Scale: $26.68 million, Liquidation Rate: Long 56.68%
SOL Liquidation Scale: $9.17 million, Liquidation Rate: Long 72.98%
Bithumb Temporarily Suspends DYDX Deposits and Withdrawals
Bithumb announced through its official website that it will temporarily suspend deposits and withdrawals for DYDX on June 4 at 6 PM due to the mainnet transition.
Upbit Temporarily Suspends ATOM Deposits and Withdrawals
Upbit announced through its official website that it will temporarily suspend deposits and withdrawals for Cosmos (ATOM) on June 11 at 6 PM due to network upgrades.
Trump's WLFI Airdrops 47 USD1 to Holders
On-chain analyst ai_9684xtpa reported that Trump's DeFi project World Liberty Financial (WLFI) airdropped 47 USD1 to WLFI holders. He explained that "47 USD1 was airdropped because Donald Trump was the 47th president."
Altcoin Season Index at 25...Down 1 Point from Previous Day
The 'Altcoin Season Index' from virtual asset information platform CoinMarketCap recorded 25, down 1 point from the previous day.
Crypto 'Fear and Greed Index' at 62...Greed Continues
The self-calculated 'Fear and Greed Index' from cryptocurrency data provider Alternative recorded 62, down 2 points from the previous day. The greed stage continues.
Bitcoin Up/Down 16% Prediction Successful...Again 'Decline'
The results of CoinNess's price direction prediction game on the 6th day were revealed. Approximately 16% who voted for a decline were successful in their prediction. The total number of participants was 19,371, with 2 participants achieving a 6-game winning streak.
CoinNess Market Briefing on June 4
As of 9 AM on June 4, BTC is trading at $105,376, down 0.44%. Among the TOP 100 coins by market cap, the 24-hour top 3 risers are QNT (+7.75%), SKY (+7.03%), and LEO (+5.43%).
