According to the Toronto Sun, a U.S.-Canada trade deal could be reached at any time next week after a speech by Pete Hoekstra, Trump's new ambassador to Canada. In his speech, Pete Hoekstra said: "I'm optimistic about the current relationship, and I'm even more optimistic about where I think it's going. Although he didn't dwell on the specifics, his words sparked enthusiasm in the audience. One source commented: "The agreement could be reached before the G7 summit on June 15, perhaps as early as next week. Other Canadian sources said that "after Pete Hoekstra's speech, Ottawa knew what they needed to do", that "the next 48 to 72 hours will be critical" and that "Carney's team aims to reach an agreement before the G7 summit".

Gate News bot news, CryptoQuant posted on social media stating that retail investor enthusiasm has not yet arrived, and on-chain demand is declining. On-chain analyst Cauê Oliveira stated, "In the past 30 days, retail investor demand has decreased by about 2.45%, indicating that small investors have not yet reached a frenzy in the current market."

Gate News bot message, in May, Solana DApp generated over $213 million in revenue, with the highest revenue DApps as follows: • pump.fun: over $46 million; • Axiom Exchange: over $43 million; • Phantom Wallet: over $20 million.

Gate News bot message, DefiLlama data shows that pump.fun revenue reached $1.31 million in the past 24 hours, currently ranking sixth, surpassing Ethereum ($1.09 million).

Gate News bot news, according to the official announcement from Gate on June 4, 2025: Gate has announced the delisting of trading markets for 6 tokens. The tokens involved include PERI, VENT, SNFT, JOY, DUST, and CENS, and the corresponding USDT trading pairs will also be removed. Gate stated that these tokens no longer meet the platform's listing standards. For users who have submitted forms and meet the requirements, Gate has deposited the corresponding repurchase amount into their accounts. The platform will stop supporting the deposit and trading services for these tokens, and the withdrawal function will also be closed in the near future.

Jin10 reported on June 4th that in light of Lee Jae-myung winning the South Korean presidential election, Japanese Prime Minister Shigeru Ishiba expressed expectations to strengthen Japan-South Korea bilateral cooperation on the 4th. Ishiba cited commonalities between the two countries such as aging population and the alliance with the United States, stating, "I hope to invigorate Japan-South Korea and Japan-U.S.-South Korea cooperation."

Gate News bot news, Danske Bank forex strategy senior analyst Jesper Fjaerstedt stated that after the employment data exceeded expectations, the 30-year U.S. Treasury yield is once again approaching the 5% level. This senior analyst expects that due to investor expectations that the Senate will approve President Trump's budget proposal, the market will require a higher premium, and yields are expected to rise above 5%.

Gate News bot message, Paradigm CTO Georgios Konstantopoulos posted on the X platform discussing the current state of cross-chain interoperability technology. He pointed out that breakthroughs have been made at the infrastructure level for cross-chain interoperability, but it currently faces three key challenges: integration at the Wallet layer, price difference optimization during large-scale operations, and latency control. Konstantopoulos categorized these challenges into two directions: front-end technology and market-making technology. Ethereum founder Vitalik Buterin responded to this, emphasizing that cross-chain interoperability needs to achieve the same censorship resistance, trustlessness, and no intermediaries as L2 internal operations. He proposed the "no degradation principle," requiring that new mechanisms must maintain the core attributes of ETH transfers on L1. Source: Wu Shuo

A new study jointly conducted by Chainplay and Strorible shows that nearly half (45%) of venture (VC)-backed cryptocurrency projects have ceased operations, and 77% of these projects have less than $1,000 in monthly revenue. The study, which looked at 1,181 projects that received financing between January 1, 2023 and December 31, 2024, also found that venture capital firm Polychain Capital had the highest failure rate of investments, with 44% of its projects having died.

Gate News bot message, Nansen data shows that in the past 24 hours, newly created wallets have received a total of $2.53 million worth of ME (which is 7.7 times the recent average).

ChainCatcher news, the well-known Korean encryption media TokenPost announced that the IXO™ 2025 Annual Forum will be held in Seoul, South Korea on June 24-25, 2025. As one of the most influential Web3 industry events in Korea, this forum has already confirmed the participation of representatives from well-known project parties such as TRON, Chiliz, IoTeX, and CertiK.

Georgios Konstantopoulos, CTO and General Partner of Paradigm, posted on the social platform: "My view is that the interoperability of x-chain is actually solved at the infrastructure layer, and there are three main problems: 1. Perfect integration of the wallet layer2. Perfection of Large-Scale Communication3. The perfection of latency at scale is (1) a matter of front-end skills, and (2) and (3) is a matter of market maker skills. In this regard, Vitalik Buterin, co-founder of Ethereum, said: "I don't think this problem can be solved unless cross-L2 operations can be as censorship-resistant, trustless, and disintermediary-free as L2 internal operations." I call this the 'no-regression principle': we can't do it unless something new has the core properties of the original ETH transfer on L1. ”

Golden Finance reported that Ethereum founder Vitalik Buterin posted on social platform X, proposing the no-return principle and emphasizing that cross-L2 operations must have the same censorship resistance, trustworthiness, and lack of intermediaries as Ethereum L1 in order to truly solve the cross-chain interoperability issue.

Gate News bot message: According to the latest security alert issued by the Slow Mist team, the Android banking Trojan Crocodilus has completed its upgrade and is launching attacks on encryption users and banking app users worldwide. The Trojan spreads through fake browser updates advertised on Facebook. The attackers use overlay attacks to steal user login credentials, while also having the capability to extract encryption wallet seed phrases and private keys. Additionally, the attackers implant fake "bank support" numbers in the user's contact list. It is reported that the Trojan has started to be rented out in the form of Malware-as-a-Service(, charging 100-300 USDT for each attack. The Slow Fog team advises users to be cautious with unknown application updates and advertisement links. Source: Wu said

According to Gate News bot, monitored by Ai Yi, a dormant Chainlink associated Address deposited 79,474 LINK to a CEX 9 hours ago, worth approximately 1.12 million USD, with a potential return rate of up to 1958% if sold. This portion of the Token was received from multiple addresses between 2018.10 and 2020.02, with a cost of only 0.6865 USD (deposit price 14.13 USD). If sold this time, it would yield a profit of 1.06 million USD.

Gate News bot reported that the KOSPI index in South Korea closed on June 4 (Wednesday) with a rise of 71.87 points, an increase of 2.66%, closing at 2770.84 points, the highest closing price since August 1, 2024.

Odaily News According to official news, VeraViews has announced the official launch of the UAE's first local advertising trading and supply-side platform (SSP), aimed at establishing a new gold standard for fraud-free programmatic advertising. Khaleej Times has been confirmed as VeraViews' first official publisher partner, making it the country's first media agency to provide 100% verified, fraud-free advertising resources through a locally built fully transparent programmatic platform.

Golden Finance reported that Bridget Nicholas, COO of Monochrome, the issuer of the Bitcoin exchange-traded fund in Australia, stated on the X platform that the Monochrome Bitcoin ETF (IBTC) has supported bi-directional physical Bitcoin subscriptions and redemptions. Its structure is a bare trust, which means that investors have absolute ownership of the physical Bitcoin. IBTC aims to become a Bitcoin ETF designed specifically for long-term Bitcoin holders.

Gate News bot, Goldman Sachs equity strategists said that the so-called "retaliation tax" provision in Trump's tax bill could dampen foreign investors' interest in U.S. assets and rekindle investors' attention to European markets. The measure, Section 899, gives the U.S. the power to impose up to 20% tax on foreign nationals who own U.S. investments. Strategists note that by the fourth quarter of 2024, the proportion of European investors investing in the United States rose to 45% from 15% in 2009, but now there are signs that this proportion has reversed.

Gate News bot news, U.S. President Trump stated that the past May was the best performing May in the United States in the last 30 years.

According to BlockBeats news, on June 4, Musk posted on X stating, "Massive overspending will make America a debt slave."

Golden Finance reported that AI startup Anthropic tweeted that research and integration features are now available for Pro users, allowing users to build custom integrations for any application or tool using remote MCP, or integrate with preset servers like Zapier and Asana. The official statement indicated that "research through integration" means Claude can search across the web, Google Workspace, and all connected tools—extracting information from various sources to provide users with deep insights.

Gate News bot message, Musk stated on social media: "This immense level of overspending will drive America into debt slavery!"

Gate News bot news, Ethereum co-founder and Consensys CEO Joseph Lubin believes that due to the utility of ETH and its important role in building trust-based financial infrastructure, ETH may ultimately be more valuable than BTC. He also revealed that Consensys is in talks with a sovereign wealth fund and major banks of a large country, focusing on building institutional infrastructure within the Ethereum ecosystem, including Layer 1 and customized Layer 2 solutions.

Gate News bot reported that since mid-May 2025, spot Ethereum ETFs have continued to flow in, and the single-day inflow has risen to more than $100 million, of which BlackRock ETHA has the largest inflow. According to Farside Investors, ETHA inflows were $77.2 million, followed by Fidelity's FETH with $21 million and Grayscale Mini Ethereum ETF (ETH) with $8.4 million. It can be seen that BlackRock is moving funds from Bitcoin to Ethereum, which seems to be a typical capital rotation operation. The BlackRock Bitcoin ETF (IBIT) saw large outflows, while its Ethereum ETF (ETHA) saw consistent inflows. ETH has been outperforming BTC since mid-April, attracting significant institutional inflows.

Gate News bot message, Spanish coffee chain Vanadi Coffee plans to invest over 1.1 billion dollars in Bitcoin as part of its reserve strategy, following Strategy's transformation into a Bitcoin-first company.

Golden Ten Data on June 4, the latest monthly views of freshwater springs obtained by reporters on June 4 show that recently, more and more "A+H" high-quality faucets listed in Hong Kong have come to the spotlight of the market. Freshwater Spring believes that the hot IPO of Hong Kong stocks and the trend of convergence of AH premiums are not only due to the promotion of money-making effect and incremental funds, but also reflect the potential of structural growth of outstanding companies in the fields of going overseas, new consumption, and new technology, which reflects that fundamental factors are playing an increasingly important role. Freshwater Spring said that in the context of multiple pressures and increasing differentiation of industries and enterprises, on the one hand, many excellent companies have demonstrated strong business resilience and growth ability through their own competitiveness. But on the flip side, these companies are still underpriced, which provides a rich source of opportunities for bottom-up stock picking.

According to Gate News bot, pro-XRP lawyer John Deaton said he wouldn't be surprised if Elon Musk and Tesla bought more Bitcoin. He also added that the "Big Beauty Act" is a "mobile billboard promoting the purchase of Bitcoin." Arthur Hayes echoed Deaton's sentiments in a post on XChat while suggesting that Musk buy Bitcoin. In addition, Deaton commented on Michael Saylor and Strategy's move to increase their holdings of Bitcoin through a STRD share offering. Strategy will reportedly offer a 10% dividend on the proposed share sale. Deaton warns that it's hard not to worry that BTC extremists will rush and have undesirable consequences for people's futures. It may take a few more years, but some people may lose a lot at some point. At the same time, Deaton revealed that 80% of his net worth is invested in Bitcoin.

Odaily News According to BitMart's market report on June 4, the total market capitalization of the Crypto Assets market is $3.44 trillion, up 0.47% from the previous day; BTC fluctuated in a narrow range during the day, briefly rising to $106,500 before retreating; this position is BTC

Gate News bot news, Brian Armstrong warned that if the U.S. Congress does not act quickly to address the $37 trillion debt issue, Bitcoin could "take over" and become the next global reserve currency. Armstrong wrote on social media on Tuesday: "I love Bitcoin, but a strong America is also crucial to the world. We need to take control of our financial situation."

Slow Fog has issued a security alert that Google Chrome has released an emergency patch to fix the high-risk zero-day vulnerability CVE-2025-5419, which affects the V8 JavaScript engine. Users should update their browsers as soon as possible to ensure safety.

Gate News bot message, Barclays has raised the S&P 500 index target price for the end of 2025 from 5,900 points to 6,050 points.

Gate News bot news, renowned trader James Wynn stated on social media: "I'm trying to exchange inflationary fiat currency for real currency with hard cap deflation at 40x leverage, but you say I'm gambling. We don't have time left. Speed is everything. The dollar is collapsing in real time. I'm doing everything I can to acquire as much Bitcoin as possible so I don't sink with this sinking ship. What are your countermeasures?"

Gate News bot Message: U.S. Senate members are deeply discussing the stablecoin regulation bill "GENIUS Act," which currently faces a series of amendment proposals. If passed smoothly, the bill is expected to be submitted to the Senate for review this weekend. FOX Business reporter Eleanor Terrett stated that more than 60 amendments have been proposed so far, and it is currently at the center of negotiations between Senate Republicans and Democrats. Both sides are working to streamline the list of amendments to make it easier to manage. If an agreement cannot be reached quickly, the legislative process for the bill may slow down. Procedural delays could result in the final vote being postponed until next week. Lawmakers hope to avoid this situation, but it is not uncommon when dealing with such a large number of proposed amendments.

On June 4, the market widely expects the Reserve Bank of India to cut interest rates for the third time in a row on Friday as inflation is lower than expected, providing ample room for further economic growth. According to a Reuters poll, 53 of the 61 economists surveyed expect the RBI to cut interest rates by 25 basis points, bringing the repo rate down to 5.75%, two expect the central bank to cut rates by 50 basis points, and the remaining six expect the central bank to keep rates unchanged. Barclays economists said that while there was no urgency for a third consecutive rate cut on June 6, the central bank was still expected to cut rates and maintain an accommodative stance. This is an opportunistic move amid a lower-than-expected inflation outcome and outlook.

Gate News bot message, Swedish healthcare company H100 Group has received a $2.1 million convertible loan from Adam Back, with the potential to additionally secure $12.8 million, which will be used to increase their holdings in Bitcoin.

Gate News bot, CMB International published a research report that with the Hong Kong Stablecoin Ordinance coming into effect this year, it is believed that the first batch of companies participating in the HKMA's stablecoin issuer sandbox will become the main beneficiaries of Hong Kong's virtual asset capital flows, and bring opportunities for related companies to increase their performance. On the insurance side, the bank believes that revenue growth from strong medical and motor premiums, as well as improved CoR, will strengthen the profit structure. The bank raised ZA Online's EPS estimates for FY2025-27 to RMB0.69, RMB0.79 and RMB0.93, respectively, and raised its target price to HK$20.4 from HK$16, maintaining a "buy" rating.

On June 4, Jin10 reported that the Ministry of Health, Labour and Welfare of Japan announced population dynamics statistics showing that the number of newborns in 2024 is 686,061, which is the first time it has fallen below 700,000 since statistics began.

Gate News bot, according to news reports, South Korea's Left Party candidate Lee Jae-myung defeated his right-wing opponent Kim Moon-so, who received 41.15% support, with 49.42% of the votes, and was successfully elected as the new president of South Korea. Lee Jae-myung said that he will actively promote the development of South Korea's cryptocurrency industry, including opening up local spot cryptocurrency ETFs, developing the won stablecoin market, improving the digital asset regulatory system, and relaxing blockchain regulation in specific regions to promote innovation. As one of the largest Crypto Assets markets in the world, South Korea currently has about 9.7 million trading users, accounting for 20% of the country's total population. Against the backdrop of a shift in the Financial Services Commission's attitude, Lee Jae-myung is expected to advance his encryption policy implementation, contrasting with the previous president Yoon Suk-yeol's failure to fulfill the crypto-friendly commitments.

According to the Gate News bot and TheBlock, the election results in South Korea have been announced, with Lee Jae-myung elected as the new president with a voter turnout of 49.42%. This election saw a turnout rate of 79.4%, setting a new high in 28 years. Lee Jae-myung announced multiple cryptocurrency-related policies: promoting the adoption of local spot crypto ETFs, establishing a Korean won-pegged stablecoin market to control domestic capital flow. In addition, he plans to improve the second phase of the digital asset regulatory framework, focusing on stablecoin regulation and exchange transparency requirements, and to relax regulations in blockchain special zones to support innovative development.

On Tuesday, South Korea's voter turnout reached 79.4%, the highest level in 28 years. Lee Jae-myung defeated right-wing opponent Kim Moon-soo with a vote rate of 49.42% (41.15%). Lee Jae-myung vowed to address South Korea's urgent economic challenges, including providing more support for low-income families and small business owners, while also committing to laying a more solid foundation for South Korea's Crypto Assets industry. Lee Jae-myung's Crypto Assets commitments include the launch of Spot Crypto Assets ETF in South Korea. Since the unexpected success of the U.S. Crypto Assets ETF, South Korean financial authorities have been considering this plan. As of today, any local issuance and trading of Crypto Assets ETF are prohibited. Another key initiative is the approval of stablecoins pegged to the Korean won. Lee Jae-myung stated during a discussion last month that South Korea needs to establish a stablecoin market based on the Korean won to prevent domestic capital outflows.

Gate News bot, on-chain analyst Willy Woo posted on X on June 3 that the "whales" holding more than 10,000 bitcoins have been "selling since 2017", which answers the question of who is selling bitcoin at a time when "institutions and sovereigns are racing to buy billions of dollars in BTC". "Most of these bitcoins are bought at $0 to $700 and held for 8 to 16 years," he explained. "The chart shows that the supply of whale entities holding between 10,000 and 100,000 BTC has been steadily declining over the past eight years. During this period, the amount of Bitcoin held by these entities dropped by about 40%, from 2.7 million to about 1.6 million BTC.

Gate News bot reported that Cardano's compliant fiat stablecoin USDM has reached a cooperation with Lace Wallet, aiming to expand its business scope and improve the on-chain availability of USDM. First, USDM will be automatically included in Lace Wallet's token directory, providing holders with native support within the wallet. In addition, the partnership will also provide in-wallet exchange integration between ADA and USDM and is expected to offer staking rewards. Lace Wallet's partnership with USDM will enable holders to use the stablecoin in Cardano's native DeFi applications. In addition, as Cardano gradually expands its Bitcoin DeFi business, USDM issuers are also committed to playing a greater role in the ecosystem.

According to SoSoValue data, on June 3, Eastern time, the Ethereum spot ETF achieved a total net inflow of $109 million, maintaining a net inflow for the 12th consecutive day. Among them, Blackrock's ETHA Ethereum ETF ranked first with a single-day net inflow of $77.0596 million. Data statistics show that the total net asset value of the Ethereum Spot ETF has reached $9.813 billion, with an ETF net asset ratio (the ratio of market value to the total market value of Ethereum) of 3.11%, and a historical cumulative net inflow of $3.233 billion.

Gate News bot message, Goldman Sachs economist Andrew Boak indicated that the momentum of the Australian economy, which was originally expected to rebound by the end of 2024, seems to have encountered stagnation in the first quarter of 2025. This presents downward risks to the Reserve Bank of Australia’s forecast of a "recovery driven by consumption." Looking ahead, against the backdrop of government spending cuts, to drive private demand for sustainable growth, the Reserve Bank of Australia may need to initiate a significant easing cycle. Given the current situation, there is ample reason for the Reserve Bank of Australia to lower the official interest rate by 25 basis points at its next policy meeting in July.

Gate News bot message, according to SoSoValue data, on June 3rd (Eastern Time), the Bitcoin Spot ETF ended the previous three days of capital outflow, with a total net inflow of 378 million dollars on that day. Among them, the ETF product ARKB jointly launched by Ark Invest and 21Shares performed outstandingly, with a net inflow of $140 million in a single day, and the historical total net inflow of ARKB has reached $2.51 billion. The data also shows that the total net asset value of Bitcoin spot ETFs is now $128.130 billion, the ETF net asset ratio (the proportion of market capitalization to the total market value of Bitcoin) is 6.1%, and the total historical cumulative net inflow is $44.480 billion.

U.S. Securities and Exchange Commission Chairman Paul Atkins testified before the Senate Appropriations Committee's Financial Services and General Government Subcommittee on Tuesday that he vowed to establish a "reasonable regulatory framework" for crypto assets, prioritizing rulemaking and transparency over enforcement actions. He is continuing his efforts to bring a "new day" to the SEC and change the institution's stance on digital assets. "Clear rules are essential to protect investors from fraud, especially to help them identify scams that don't comply with the law," he said. Atkins added, "Policy development will be done through notice and comment rulemaking, not through enforcement regulation." ”

Jin10 data June 4th, Goldman Sachs economist Andrew Boak stated that the momentum rebound of the Australian economy, which was originally expected by the end of 2024, seems to have stalled in the first quarter of 2025, posing downward risks to the Reserve Bank of Australia's forecast of a "consumption-driven recovery." Looking ahead, against the backdrop of government spending cuts, to promote sustainable growth in private demand, the Reserve Bank of Australia may need to initiate a significant easing cycle. Given the current situation, there is ample reason for the Reserve Bank of Australia to lower the official interest rate by 25 basis points at the next policy meeting in July.

ChainCatcher news, according to SoSoValue data, yesterday (June 3rd, Eastern Time) the total net inflow of Bitcoin Spot ETF was 378 million USD. The Bitcoin Spot ETF with the highest net inflow yesterday was the ETF ARKB by Ark Invest and 21Shares, with a net inflow of $140 million for the day, bringing the total historical net inflow of ARKB to $2.51 billion. The second was the Fidelity ETF FBTC, with a net inflow of $137 million for the day, currently having a total historical net inflow of $11.693 billion. As of the time of writing, the total net asset value of the Bitcoin Spot ETF is 128.30 billion USD, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) reaches 6.

At the planning meeting held on the evening of June 3, CIFI's offshore debt restructuring plan was supported by the required statutory majority of plan creditors, and two special resolutions (change of trustee and proposed amendment) of perpetual securities and convertible bonds were passed respectively. According to the announcement, the restructuring is expected to reduce overseas debt by about 5.27 billion US dollars, accounting for 66% of the total foreign debt. 1,250 creditors holding US$7.933 billion voting plan claims participated in the plan meeting, of which 1,236 creditors holding US$7.351 billion voting plan claims were in favor, accounting for about 92.66% of the total voting value. The announcement also said that the follow-on company will seek court approval and recognition of the plan, and the hearing is scheduled for June 26 at 10 a.m. (Hong Kong time).

Gate News bot, according to Spot On Chain monitoring, the Trump family's crypto project World Liberty Financial (WLFI) has made frequent moves today: 1. After announcing a partnership with Wintermute about 8 hours ago, the MELANIA team has sent 20 million MELANIA ($6.62 million) to Wintermute; 2. About 5 hours ago, a wallet linked to the TRUMP team deposited 4.17 million TRUMP ($46.97 million) to major exchanges; 3. About 30 minutes ago, World Liberty Financial airdropped 47 USD1 (total: $4 million) to each wallet participating in the WLFI sale.

According to Gate News bot, Bloomberg reported that Tether CEO Paolo Ardoino stated in an interview that despite the Trump administration's friendly attitude towards Crypto Assets, the company will still mainly focus on markets outside the United States. According to the data, the total value of stablecoin payment transactions in 2024 will reach $51.4 billion, and USDT will occupy 62% to 91% of the market share in most regions of the world. Singapore, Hong Kong and Japan combined for 36.3% of stablecoin flows, significantly higher than the 18.7% in the US. Ardoino pointed out that the company will continue to focus on emerging markets such as Latin America, Asia, and Africa, and stated that after the introduction of an appropriate regulatory framework in the United States, it does not rule out launching new stablecoins in the U.S.

Gate News bot message, according to Bloomberg, Tether CEO Paolo Ardoino announced that the company will focus on expanding into non-U.S. markets. The company plans to prioritize serving emerging markets such as Latin America, Asia, and Africa to meet the demand for stable financial infrastructure in these regions. Ardoino mentioned that, in the context of the advancement of the stablecoin bill (Genius Act) in the U.S. Senate, Tether is considering entering the U.S. market by issuing a new stablecoin. The latest report from Artemis shows that the Singapore-China corridor has become the most active area for stablecoin flows, accounting for 36.3%, while the US region accounts for 18.7%.

Tether CEO Paolo Ardoino stated that although the Trump administration is friendly towards Crypto Assets, Tether will still focus on markets outside the United States. Data shows a significant rise in global stablecoin payment transaction volume in 2024, with Tether dominating in multiple regions. The company will continue to focus on emerging markets such as Latin America, Asia, and Africa, and is considering the issuance of new stablecoins in the U.S. under appropriate regulation.

BlockBeats news, on June 4th, according to DefiLlama data, the PancakeSwap protocol fees reached 6.71 million USD in the past 24 hours, surpassing Circle (6.35 million USD) to rank second, only behind Tether.

Gate News bot news, the nominee for the chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz, is scheduled to attend the nomination hearing of the Senate Agriculture Committee on June 10. Quintenz is the global policy head of a16z crypto and previously served as a CFTC commissioner from 2017 to 2021. The website indicates that the hearing will take place at 3 PM on June 10.

According to Gate News bot, monitored by Ai Yi, well-known trader James Wynn reduced his position by 189.74 BTC about 20 minutes ago, incurring a loss of $135,000. Currently, the value of the BTC 40x long order position is $127 million.

Since the Bitcoin price average gave a key bullish signal two weeks ago, there has been an increase in profit-taking activity among Bitcoin holders. On May 22, Bitcoin's 50-day simple moving average (SMA) broke above the 200-day simple moving average, confirming the golden cross, a technical indicator that signals long-term bullish momentum, according to TradingView. On the same day, the price of Bitcoin hit a new high of more than $111,000. Nonetheless, according to on-chain data tracked by Glassnode, coin holders are increasingly choosing to lock in gains rather than wait for further gains. "Entity-adjusted realized profit has risen to more than $500 million per hour three times in the last 24 hours, indicating that profit-taking activity is very active," Glassnode said on the X platform on Tuesday. "The chart shows a steady increase in profit-taking activity since the second half of May, breaching the $500 million mark multiple times. This is the most aggressive profit-taking operation since the beginning of February. Other metrics, such as the entity's adjusted expenditure output margin of (SOPR), also indicate the same.

According to the Gate News bot, monitored by Ai Yi, "ETH ICO 1 million ETH Whale" deposited 996 ETH to CEX again 6 hours ago, worth 2.6 million USD, with a cost as low as 0.31 USD. Currently, this whale still holds 48,748 ETH, and based on a selling rate of 960 ETH every two days, the remaining tokens are estimated to be completely closed out in about 100 days.