#Crypto Daily Briefingβ‘οΈ β‘οΈ β‘οΈ
1. BTC falls below $63,000
2. Bitmine plans to follow Strategy's lead by issuing $300 million in perpetual preferred stock with an annualized dividend of 9.5%
3. With the World Cup approaching, prediction market token OPN surges nearly 100%
4. Anthropic IPO led by Morgan Stanley and Goldman Sachs, with JPMorgan Chase also participating.
5. US Treasury Secretary reveals the Strategic Bitcoin Reserve plan is progressing at a cautious pace.
6. Three addresses withdraw a total of 557,406 HYPE tokens from Kraken and stake them, worth approximately $41.53 million.
7. Bankless co-founders liquidate their ETH holdings and buy VVV, NEAR, ZEC, HYPE, and LIT.
8. SpaceX confirms its June 12th IPO date, with an official IPO valuation of $1.77 trillion.
9. Kalshi officially launches Bitcoin perpetual contracts.
10. USD1 will be deployed on MOVA Chain, with an initial size of $100 million.π₯ π₯ π₯
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1. BTC falls below $63,000
2. Bitmine plans to follow Strategy's lead by issuing $300 million in perpetual preferred stock with an annualized dividend of 9.5%
3. With the World Cup approaching, prediction market token OPN surges nearly 100%
4. Anthropic IPO led by Morgan Stanley and Goldman Sachs, with JPMorgan Chase also participating.
5. US Treasury Secretary reveals the Strategic Bitcoin Reserve plan is progressing at a cautious pace.
6. Three addresses withdraw a total of 557,406 HYPE tokens from Kraken and stake them, worth approximately $41.53 million.
7. Bankless co-founders liquidate their ETH holdings and buy VVV, NEAR, ZEC, HYPE, and LIT.
8. SpaceX confirms its June 12th IPO date, with an official IPO valuation of $1.77 trillion.
9. Kalshi officially launches Bitcoin perpetual contracts.
10. USD1 will be deployed on MOVA Chain, with an initial size of $100 million.
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#CryptoNewsπ π π
DDC Enterprise, a publicly traded company, increased its holdings by 90 bitcoins, bringing its total holdings to 2,804.
On June 4th, according to BitcoinTreasuries.NET, DDC Enterprise, a US-listed company, increased its holdings by 90 bitcoins, bringing its total holdings to 2,804 BTC, ranking 28th in the bitcoin holdings rankings.πͺ πͺ πͺ
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DDC Enterprise, a publicly traded company, increased its holdings by 90 bitcoins, bringing its total holdings to 2,804.
On June 4th, according to BitcoinTreasuries.NET, DDC Enterprise, a US-listed company, increased its holdings by 90 bitcoins, bringing its total holdings to 2,804 BTC, ranking 28th in the bitcoin holdings rankings.
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#Listing Informationπͺ πͺ πͺ
Coinbase to Launch SPCX Pre-IPO Perpetual Futures Trading
On June 4th, according to official news, Coinbase will add support for SpaceX Pre-IPO perpetual futures. The SPCX-PERP pre-IPO futures market will open on or after 6:00 AM UTC on June 4th, 2026.π± π± π±
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Coinbase to Launch SPCX Pre-IPO Perpetual Futures Trading
On June 4th, according to official news, Coinbase will add support for SpaceX Pre-IPO perpetual futures. The SPCX-PERP pre-IPO futures market will open on or after 6:00 AM UTC on June 4th, 2026.
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#Hot Topic Analysisπ π π
A Rare Physical Bitcoin Token Dormant for 12 Years Awakens, $1.78 Million Transfer Completed
A rare physical Bitcoin token from Casascius, valued at $1.78 million, was activated after 12 years of dormancy, attracting market attention. On June 4th, the holographic anti-counterfeiting label on a physical Bitcoin token containing 25 BTC was removed, revealing that the internal assets had been transferred to a new wallet. This means the holder has relinquished some of its collectible value.π π π
The reasons for this are likely due to the high price of Bitcoin and the recent awakening of several wallets dormant for over a decade. Some early holders may be adjusting their assets, upgrading security, or reallocating funds.πͺ πͺ πͺ
In terms of impact, such activity from "ancient wallets" typically stirs market sentiment, raising concerns among investors about whales selling off their holdings. However, the actual selling pressure is limited, but it highlights the scarcity of early Bitcoin assets and the growing attention given to the historical collectible value of cryptocurrencies.β β β
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A Rare Physical Bitcoin Token Dormant for 12 Years Awakens, $1.78 Million Transfer Completed
A rare physical Bitcoin token from Casascius, valued at $1.78 million, was activated after 12 years of dormancy, attracting market attention. On June 4th, the holographic anti-counterfeiting label on a physical Bitcoin token containing 25 BTC was removed, revealing that the internal assets had been transferred to a new wallet. This means the holder has relinquished some of its collectible value.
The reasons for this are likely due to the high price of Bitcoin and the recent awakening of several wallets dormant for over a decade. Some early holders may be adjusting their assets, upgrading security, or reallocating funds.
In terms of impact, such activity from "ancient wallets" typically stirs market sentiment, raising concerns among investors about whales selling off their holdings. However, the actual selling pressure is limited, but it highlights the scarcity of early Bitcoin assets and the growing attention given to the historical collectible value of cryptocurrencies.
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#On-Chain Dataπͺ πͺ πͺ
Hyperliquid's May Perpetual Contract Trading Volume Reached a Record High of 6.63% of Global CEX Market
On June 4th, it was reported that decentralized derivatives platform Hyperliquid's perpetual contract trading volume accounted for 6.63% of the total perpetual contract trading volume on global centralized exchanges (CEXs) in May, setting a new record; its trading volume during the same period reached 14.4% of Binance's.β β β
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Hyperliquid's May Perpetual Contract Trading Volume Reached a Record High of 6.63% of Global CEX Market
On June 4th, it was reported that decentralized derivatives platform Hyperliquid's perpetual contract trading volume accounted for 6.63% of the total perpetual contract trading volume on global centralized exchanges (CEXs) in May, setting a new record; its trading volume during the same period reached 14.4% of Binance's.
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#Today's Hot Topicsπͺ πͺ πͺ
1. SEC releases new draft strategy, promising a clearer regulatory framework for digital assets.
2. Goldman Sachs, Apex, and Archax launch tokenized real estate fund.
3. Coinbase, Meta, and SpaceX participate in the US Department of Justice's anti-fraud campaign.
4. Cardano founder announces "temporary break," ADA falls below $0.20 amid ecosystem pressure.
5. Hyperliquid's perpetual contract trading volume in May accounted for 6.63% of the global CEX market, a record high.
6. Stablecoin apxUSD briefly de-pegged to $0.93; protocol provider claims it's a normal mechanism.
7. Whale "7 Siblings" borrows another 20 million USDT from Spark to buy ETH.
8. Base App launches Creator Alliance program, applications open now.
9. Three days after the betting agreement was reached, Arthur Hayes liquidates 247,334 HYPE tokens.
10. Binance: Stock trading will be suspended on June 6th; partner brokers plan system upgrades.π π π
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1. SEC releases new draft strategy, promising a clearer regulatory framework for digital assets.
2. Goldman Sachs, Apex, and Archax launch tokenized real estate fund.
3. Coinbase, Meta, and SpaceX participate in the US Department of Justice's anti-fraud campaign.
4. Cardano founder announces "temporary break," ADA falls below $0.20 amid ecosystem pressure.
5. Hyperliquid's perpetual contract trading volume in May accounted for 6.63% of the global CEX market, a record high.
6. Stablecoin apxUSD briefly de-pegged to $0.93; protocol provider claims it's a normal mechanism.
7. Whale "7 Siblings" borrows another 20 million USDT from Spark to buy ETH.
8. Base App launches Creator Alliance program, applications open now.
9. Three days after the betting agreement was reached, Arthur Hayes liquidates 247,334 HYPE tokens.
10. Binance: Stock trading will be suspended on June 6th; partner brokers plan system upgrades.
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#Today's Headlinesπ π π
1. BTC breaks $64,000
2. Fed's Schmid: The biggest risk to the current economy is inflation
3. Major US banks plan to jointly launch a tokenized deposit network
4. Crypto VC trading volume falls to a five-year low; investors are more cautious
5. Cosmos Labs acquires block explorer Mintscanl
6. Opinion: The next wave of opportunities in the crypto market may come from assets currently neglected by the market
7. Binance will launch ZEST and BTW perpetual contracts
8. A newly created address withdraws another 5 million "Binance Life" tokens from Binance
9. Blackstone's flagship private credit fund restricts investor redemptions for the first time, joining the ranks of restricted funds
10. A newly created wallet withdraws 170,000 HYPE tokens from Coinbase, worth $10.9 million
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1. BTC breaks $64,000
2. Fed's Schmid: The biggest risk to the current economy is inflation
3. Major US banks plan to jointly launch a tokenized deposit network
4. Crypto VC trading volume falls to a five-year low; investors are more cautious
5. Cosmos Labs acquires block explorer Mintscanl
6. Opinion: The next wave of opportunities in the crypto market may come from assets currently neglected by the market
7. Binance will launch ZEST and BTW perpetual contracts
8. A newly created address withdraws another 5 million "Binance Life" tokens from Binance
9. Blackstone's flagship private credit fund restricts investor redemptions for the first time, joining the ranks of restricted funds
10. A newly created wallet withdraws 170,000 HYPE tokens from Coinbase, worth $10.9 million
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#Crypto_Newsπ π π
Analysis: Strategy's Bitcoin Engine Malfunctions, All Three Types of Investors Face Pressure
June 5th news: Strategy, under Michael Saylor, is facing pressure on all three types of investorsβBitcoin holders, leveraged equity traders, and preferred shareholders. Strategy sold 32 bitcoins this week, its first sale since the end of 2022, breaking its "never sell" pledge. Bitcoin fell to a four-month low, Strategy's stock price is down about 70% from last year's high, and STRC preferred stock has fallen below $100 par value. STRC's annualized dividend is 11.5%, and if the market continues to weaken, the pressure to pay dividends will continue to rise.π π π
Analysts point out that increasing the dividend yield would add a $1.7 billion burden, while keeping it unchanged would lead to further price declines. Strategy will vote on Monday to change dividend payments to twice-monthly to stabilize the price. Arca's chief investment officer stated that unless Bitcoin rebounds before its cash buffer runs out, protecting all stakeholders is virtually impossible. StoneX, however, believes that this sale demonstrates Strategy's ability to fulfill its obligations without substantially reducing its holdings.π¨ π¨ π¨
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Analysis: Strategy's Bitcoin Engine Malfunctions, All Three Types of Investors Face Pressure
June 5th news: Strategy, under Michael Saylor, is facing pressure on all three types of investorsβBitcoin holders, leveraged equity traders, and preferred shareholders. Strategy sold 32 bitcoins this week, its first sale since the end of 2022, breaking its "never sell" pledge. Bitcoin fell to a four-month low, Strategy's stock price is down about 70% from last year's high, and STRC preferred stock has fallen below $100 par value. STRC's annualized dividend is 11.5%, and if the market continues to weaken, the pressure to pay dividends will continue to rise.
Analysts point out that increasing the dividend yield would add a $1.7 billion burden, while keeping it unchanged would lead to further price declines. Strategy will vote on Monday to change dividend payments to twice-monthly to stabilize the price. Arca's chief investment officer stated that unless Bitcoin rebounds before its cash buffer runs out, protecting all stakeholders is virtually impossible. StoneX, however, believes that this sale demonstrates Strategy's ability to fulfill its obligations without substantially reducing its holdings.
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#Hot Topic Analysisπ π π
Bitcoin Can Be Used as Collateral for Home Purchase Down Payments, U.S. Mortgage Markets Undergo New Changes
This summer, Coinbase and Better Home & Finance announced a partnership to launch a token-backed home purchase down payment service. This service allows eligible borrowers to use Bitcoin or USDC as collateral to obtain funds to pay for down payments on Fannie Mae-backed mortgages. This move primarily targets homebuyers who own crypto assets but lack sufficient cash for down payments, helping them more easily enter the real estate market.π π π
This innovative service is expected to reduce the financial burden on some homebuyers and increase homeownership opportunities for crypto asset holders. Better founder and CEO Vishal Garg stated that many people have the ability to repay but struggle to afford down payments because their wealth is primarily held in crypto assets; this service was launched to address this issue. As crypto assets gain wider acceptance among financial institutions, their application in the housing loan sector is expanding.π¨ π¨ π¨
In fact, relevant U.S. policies have already begun to support this trend. In June 2025, the Federal Housing Finance Agency required Fannie Mae and Freddie Mac to consider crypto assets in their mortgage risk assessments, without requiring prior conversion to fiat currency. Subsequently, lending institutions such as Newrez also adopted similar measures. As policies and the market environment continue to improve, the integration of crypto assets with the traditional housing finance system may deepen further.π π π
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Bitcoin Can Be Used as Collateral for Home Purchase Down Payments, U.S. Mortgage Markets Undergo New Changes
This summer, Coinbase and Better Home & Finance announced a partnership to launch a token-backed home purchase down payment service. This service allows eligible borrowers to use Bitcoin or USDC as collateral to obtain funds to pay for down payments on Fannie Mae-backed mortgages. This move primarily targets homebuyers who own crypto assets but lack sufficient cash for down payments, helping them more easily enter the real estate market.
This innovative service is expected to reduce the financial burden on some homebuyers and increase homeownership opportunities for crypto asset holders. Better founder and CEO Vishal Garg stated that many people have the ability to repay but struggle to afford down payments because their wealth is primarily held in crypto assets; this service was launched to address this issue. As crypto assets gain wider acceptance among financial institutions, their application in the housing loan sector is expanding.
In fact, relevant U.S. policies have already begun to support this trend. In June 2025, the Federal Housing Finance Agency required Fannie Mae and Freddie Mac to consider crypto assets in their mortgage risk assessments, without requiring prior conversion to fiat currency. Subsequently, lending institutions such as Newrez also adopted similar measures. As policies and the market environment continue to improve, the integration of crypto assets with the traditional housing finance system may deepen further.
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#Crypto_Newsπ₯ π₯ π₯
Data: Bitcoin Reserve Companies Lose $62 Billion in Market Value as Crypto Market Slump Intensifies
June 5th - This week's decline in Bitcoin prices is putting new pressure on one of the most ambitious financial experiments in the recent cryptocurrency boom β publicly traded companies specifically established to help investors hold and accumulate digital assets.π¨ π¨ π¨
As the overall market continues to weaken, the share prices of dozens of digital asset treasury companies have also continued to fall, in many cases even exceeding the decline in the cryptocurrencies they hold.π π π
According to Artemis data, the fully diluted market value of Bitcoin reserve company stocks has fallen from a high of nearly $134 billion in early October to approximately $72 billion, a cumulative loss of about $62 billion. This data highlights the cooling of the once-hot βBitcoin reserve companyβ investment narrative.π₯ π₯ π₯
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Data: Bitcoin Reserve Companies Lose $62 Billion in Market Value as Crypto Market Slump Intensifies
June 5th - This week's decline in Bitcoin prices is putting new pressure on one of the most ambitious financial experiments in the recent cryptocurrency boom β publicly traded companies specifically established to help investors hold and accumulate digital assets.
As the overall market continues to weaken, the share prices of dozens of digital asset treasury companies have also continued to fall, in many cases even exceeding the decline in the cryptocurrencies they hold.
According to Artemis data, the fully diluted market value of Bitcoin reserve company stocks has fallen from a high of nearly $134 billion in early October to approximately $72 billion, a cumulative loss of about $62 billion. This data highlights the cooling of the once-hot βBitcoin reserve companyβ investment narrative.
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#Crypto_Newsπ π π
The Hong Kong Monetary Authority (HKMA) has established an expert panel on tokenized bonds.
On June 5, the HKMA announced the formation of this panel, bringing together industry representatives with relevant experience and a focus on the development of Hong Kong's tokenized bond market to further promote the application and expansion potential of tokenized bonds in Hong Kong.π π π
The panel members include representatives from industry associations, financial institutions, legal advisory firms, and financial infrastructure and technology providers. Building on the progress made by the HKMA in its various tokenized bond-related work to date, the panel will jointly explore policy measures, market practices, and innovative solutions.π¨ π¨ π¨
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The Hong Kong Monetary Authority (HKMA) has established an expert panel on tokenized bonds.
On June 5, the HKMA announced the formation of this panel, bringing together industry representatives with relevant experience and a focus on the development of Hong Kong's tokenized bond market to further promote the application and expansion potential of tokenized bonds in Hong Kong.
The panel members include representatives from industry associations, financial institutions, legal advisory firms, and financial infrastructure and technology providers. Building on the progress made by the HKMA in its various tokenized bond-related work to date, the panel will jointly explore policy measures, market practices, and innovative solutions.
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#Today's Headlinesπ π π
1. BTC breaks $63,000
2. A key US House committee is preparing to introduce a cryptocurrency tax bill as early as this Friday.
3. The Hong Kong Monetary Authority establishes a panel of experts on tokenized bonds.
4. Binance will support NEAR Protocol's network upgrade and hard fork on June 10th.
5. Data: Bitcoin Reserve's market capitalization evaporates by $62 billion as the crypto market decline intensifies.
6. $505 million in liquidations occurred across the network in the past hour, primarily long positions.
7. Bitcoin and Ethereum options with a notional value of $1.89 billion expire and settle today.
8. Hex Trust-affiliated entities accumulated 72.23 million H tokens in the past 4 hours, representing 2.55% of the circulating supply.
9. Upbit will list Babylon (BABY).
10. With ZEC falling 43% in 24 hours, Garret Jin's short positions have a floating profit of $16.48 million.
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1. BTC breaks $63,000
2. A key US House committee is preparing to introduce a cryptocurrency tax bill as early as this Friday.
3. The Hong Kong Monetary Authority establishes a panel of experts on tokenized bonds.
4. Binance will support NEAR Protocol's network upgrade and hard fork on June 10th.
5. Data: Bitcoin Reserve's market capitalization evaporates by $62 billion as the crypto market decline intensifies.
6. $505 million in liquidations occurred across the network in the past hour, primarily long positions.
7. Bitcoin and Ethereum options with a notional value of $1.89 billion expire and settle today.
8. Hex Trust-affiliated entities accumulated 72.23 million H tokens in the past 4 hours, representing 2.55% of the circulating supply.
9. Upbit will list Babylon (BABY).
10. With ZEC falling 43% in 24 hours, Garret Jin's short positions have a floating profit of $16.48 million.
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#Today's Headlinesπ π π
1. BTC falls below $61,000
2. Data: ETH falls below $1,550, DeFi protocols' cumulative liquidation amount reaches $34.1 million
3. Total cryptocurrency market capitalization falls below $2.2 trillion
4. US House Ways and Means Committee proposes 7 draft bills for digital asset taxation discussion
5. Strategy's unrealized loss of $12.27 billion surpasses BitMine's
6. Grayscale's GBTC saw a net outflow of $60.8 million yesterday
7. SpaceX and Google reach a $920 million monthly cloud service agreement
8. Apollo Asset Management and Blackstone Group finalize a $35 billion funding plan for Anthropic
9. F2Pool co-founder Wang Chun withdraws 9,719 ETH from Binance
10. HYPE's treasury company, Hyperliquid Strategies, has unrealized gains of $1.1 billion.
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1. BTC falls below $61,000
2. Data: ETH falls below $1,550, DeFi protocols' cumulative liquidation amount reaches $34.1 million
3. Total cryptocurrency market capitalization falls below $2.2 trillion
4. US House Ways and Means Committee proposes 7 draft bills for digital asset taxation discussion
5. Strategy's unrealized loss of $12.27 billion surpasses BitMine's
6. Grayscale's GBTC saw a net outflow of $60.8 million yesterday
7. SpaceX and Google reach a $920 million monthly cloud service agreement
8. Apollo Asset Management and Blackstone Group finalize a $35 billion funding plan for Anthropic
9. F2Pool co-founder Wang Chun withdraws 9,719 ETH from Binance
10. HYPE's treasury company, Hyperliquid Strategies, has unrealized gains of $1.1 billion.
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#onchaindataπ π π
A major whale borrowed 100 million USDT to increase its ETH holdings, and is currently experiencing a paper loss of approximately $6 million.
On June 6th, according to on-chain analyst Yu Jin, a major whale continued to increase its ETH holdings during the price drop, borrowing from Aave to buy ETH. Since yesterday, this whale has borrowed a total of 100 million USDT from Aave and bought 59,742 ETH, with an average purchase price of approximately $1681. Based on the current price, this position has already incurred a paper loss of approximately $6 million.π π π
Currently, this whale holds a total of 133,800 ETH, worth approximately $212 million. The liquidation prices for its two borrowed positions are $1356 and $1170 respectively. If ETH continues to fall, the leveraged positions still face the risk of liquidation.π¨ π¨ π¨
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A major whale borrowed 100 million USDT to increase its ETH holdings, and is currently experiencing a paper loss of approximately $6 million.
On June 6th, according to on-chain analyst Yu Jin, a major whale continued to increase its ETH holdings during the price drop, borrowing from Aave to buy ETH. Since yesterday, this whale has borrowed a total of 100 million USDT from Aave and bought 59,742 ETH, with an average purchase price of approximately $1681. Based on the current price, this position has already incurred a paper loss of approximately $6 million.
Currently, this whale holds a total of 133,800 ETH, worth approximately $212 million. The liquidation prices for its two borrowed positions are $1356 and $1170 respectively. If ETH continues to fall, the leveraged positions still face the risk of liquidation.
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#Hot Topic AnalysisβοΈ βοΈ βοΈ
Illinois Proposes Crypto Transaction Tax, 0.2% "Privilege Tax" Entering Implementation Phase
The Illinois legislature has passed its fiscal year 2027 budget, which includes a provision proposing a 0.2% tax on cryptocurrency transactions, to be collected by digital asset brokers. This tax measure, known as the "Privilege Tax," is part of an amendment to the Digital Asset Privilege Tax Act. The bill also requires all digital asset brokers operating in Illinois to register or face legal penalties.π¨ π¨ π¨
Starting January 1st, brokers who fail to comply could be charged with a third-degree felony, facing two to five years in prison and a maximum fine of $25,000. Lawmakers anticipate this cryptocurrency tax will bring approximately $60 million in additional revenue to the state government. The budget has passed the legislature but still requires Governor JB Pritzker's signature to take effect. The governor previously stated his intention to sign the bill as soon as possible, but as of Friday morning, it had not yet been signed.β¨ β¨ β¨
In recent years, cryptocurrency trading has become increasingly active in various states across the United States, drawing attention to taxation and regulation. Illinois' proposed privilege tax aims to regulate digital asset trading, enhance tax transparency, and impose strict penalties on brokers who violate regulations. This is part of a broader effort by various US states to balance cryptocurrency regulation with fiscal revenue.π₯ π₯ π₯
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Illinois Proposes Crypto Transaction Tax, 0.2% "Privilege Tax" Entering Implementation Phase
The Illinois legislature has passed its fiscal year 2027 budget, which includes a provision proposing a 0.2% tax on cryptocurrency transactions, to be collected by digital asset brokers. This tax measure, known as the "Privilege Tax," is part of an amendment to the Digital Asset Privilege Tax Act. The bill also requires all digital asset brokers operating in Illinois to register or face legal penalties.
Starting January 1st, brokers who fail to comply could be charged with a third-degree felony, facing two to five years in prison and a maximum fine of $25,000. Lawmakers anticipate this cryptocurrency tax will bring approximately $60 million in additional revenue to the state government. The budget has passed the legislature but still requires Governor JB Pritzker's signature to take effect. The governor previously stated his intention to sign the bill as soon as possible, but as of Friday morning, it had not yet been signed.
In recent years, cryptocurrency trading has become increasingly active in various states across the United States, drawing attention to taxation and regulation. Illinois' proposed privilege tax aims to regulate digital asset trading, enhance tax transparency, and impose strict penalties on brokers who violate regulations. This is part of a broader effort by various US states to balance cryptocurrency regulation with fiscal revenue.
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#Crypto_Newsπ π π
USDT's Market Cap Surpasses ETH to Become the Second Largest Cryptocurrency by Market Capitalization
On June 6th, market data showed that USDT's market capitalization surpassed ETH's, becoming the second largest cryptocurrency by market capitalization. As of now, USDT's market capitalization is $187.034 billion, while ETH's is $184.423 billion.π π π
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USDT's Market Cap Surpasses ETH to Become the Second Largest Cryptocurrency by Market Capitalization
On June 6th, market data showed that USDT's market capitalization surpassed ETH's, becoming the second largest cryptocurrency by market capitalization. As of now, USDT's market capitalization is $187.034 billion, while ETH's is $184.423 billion.
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#Crypto_Newsπ₯ π₯ π₯
Bhutanese Government Transfers 738 BTC to New Wallet
June 6th news: According to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 738 BTC, worth $45 million, to a newly created wallet.π¨ π¨ π¨
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Bhutanese Government Transfers 738 BTC to New Wallet
June 6th news: According to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 738 BTC, worth $45 million, to a newly created wallet.
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#Today's Headlinesπ π π
1. BTC falls below $61,000
2. USDT surpasses ETH to become the second-largest cryptocurrency by market capitalization
3. 80,001 ETH transferred from a wallet associated with Ethereum co-founder Joseph Lubin after more than 3 years of inactivity
4. Hong Kong Monetary Authority: The banking sector has implemented the latest regulatory requirements to ensure compliant and orderly account opening processes
5. Greece plans to levy a tax on cryptocurrency gains for the first time
6. The government of the Kingdom of Bhutan transfers 738 BTC to a newly created wallet
7. Another ETH long position is liquidated, with a total of over 31,000 ETH liquidated
8. Cathie Wood: The next stage of this economic cycle will be characterized by a combination of accelerated economic growth, declining inflation, lower interest rates, and a stronger US dollar.
9. "Maji" lost a total of $80 million in contract trading on Hyperliquid over the past year
10. Pando Rings hackers spent 10 million DAI to buy 6,243 ETH
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1. BTC falls below $61,000
2. USDT surpasses ETH to become the second-largest cryptocurrency by market capitalization
3. 80,001 ETH transferred from a wallet associated with Ethereum co-founder Joseph Lubin after more than 3 years of inactivity
4. Hong Kong Monetary Authority: The banking sector has implemented the latest regulatory requirements to ensure compliant and orderly account opening processes
5. Greece plans to levy a tax on cryptocurrency gains for the first time
6. The government of the Kingdom of Bhutan transfers 738 BTC to a newly created wallet
7. Another ETH long position is liquidated, with a total of over 31,000 ETH liquidated
8. Cathie Wood: The next stage of this economic cycle will be characterized by a combination of accelerated economic growth, declining inflation, lower interest rates, and a stronger US dollar.
9. "Maji" lost a total of $80 million in contract trading on Hyperliquid over the past year
10. Pando Rings hackers spent 10 million DAI to buy 6,243 ETH
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#Today's Headlinesπ π π
1. BTC rebounds and breaks through $61,000
2. DWF co-founder says BitMine and Strategy could cause the biggest market crash in crypto history
3. Bitwise CEO: A new cycle has begun; the crypto market is undergoing a "blood transfusion" this year
4. Nvidia acquires prediction AI startup Kumo AI for over $400 million
5. Ethereum co-founder Joseph adds another 30,000 ETH as collateral to avoid liquidation of his position
6. Coinbase Bitcoin premium index remains negative for 19 consecutive days, currently at -0.0401%
7. Goldman Sachs partner: The US stock market crash is a "healthy correction," and there won't be many opportunities to buy on dips this year
8. A whale withdrew 1,723 Bitcoins from OKX in one day, worth $105.58 million
9. "New stock god" Serenity: JPMorgan Chase significantly increases its holdings in SIVE; retail investors may be "shaken out"
10. Longling Capital transfers 10,000 ETH to Binance, worth approximately $15.68 million
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1. BTC rebounds and breaks through $61,000
2. DWF co-founder says BitMine and Strategy could cause the biggest market crash in crypto history
3. Bitwise CEO: A new cycle has begun; the crypto market is undergoing a "blood transfusion" this year
4. Nvidia acquires prediction AI startup Kumo AI for over $400 million
5. Ethereum co-founder Joseph adds another 30,000 ETH as collateral to avoid liquidation of his position
6. Coinbase Bitcoin premium index remains negative for 19 consecutive days, currently at -0.0401%
7. Goldman Sachs partner: The US stock market crash is a "healthy correction," and there won't be many opportunities to buy on dips this year
8. A whale withdrew 1,723 Bitcoins from OKX in one day, worth $105.58 million
9. "New stock god" Serenity: JPMorgan Chase significantly increases its holdings in SIVE; retail investors may be "shaken out"
10. Longling Capital transfers 10,000 ETH to Binance, worth approximately $15.68 million
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USDC Treasury Mints 250 Million New USDC Tokens on Solana Chain
June 7th news: According to Whale Alert monitoring, USDC Treasury has just minted 250 million new USDC tokens on the Solana chain.βοΈ βοΈ βοΈ
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USDC Treasury Mints 250 Million New USDC Tokens on Solana Chain
June 7th news: According to Whale Alert monitoring, USDC Treasury has just minted 250 million new USDC tokens on the Solana chain.
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USDT Surpasses ETH: The Stablecoin Era is Accelerating
Market data shows that USDT's market capitalization reached $187.034 billion, officially surpassing ETH's $184.423 billion to become the second-largest asset by market capitalization in the crypto market, second only to Bitcoin. This is also an important signal of changes in the crypto market structure.π π π
For the past few years, ETH has consistently held the second position, considered the value carrier of the crypto ecosystem, while USDT has primarily served as a medium of exchange and a liquidity tool. However, USDT's continued expansion reflects not only the growth in the size of stablecoins but also a change in the market's capital structure. When market uncertainty increases, a large amount of capital tends to prioritize staying in the stablecoin system, waiting for opportunities.π π π
To some extent, USDT surpassing ETH does not mean a decline in ETH's value, but rather that the market is entering a new cyclical phase: the demand for trading funds and liquidity is expanding faster than that of risky assets. Stablecoins are no longer just "cash" in the crypto world but are gradually becoming the infrastructure of the entire on-chain financial system.π π π
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β https://t.me/CryptoPulseCommunity
USDT Surpasses ETH: The Stablecoin Era is Accelerating
Market data shows that USDT's market capitalization reached $187.034 billion, officially surpassing ETH's $184.423 billion to become the second-largest asset by market capitalization in the crypto market, second only to Bitcoin. This is also an important signal of changes in the crypto market structure.
For the past few years, ETH has consistently held the second position, considered the value carrier of the crypto ecosystem, while USDT has primarily served as a medium of exchange and a liquidity tool. However, USDT's continued expansion reflects not only the growth in the size of stablecoins but also a change in the market's capital structure. When market uncertainty increases, a large amount of capital tends to prioritize staying in the stablecoin system, waiting for opportunities.
To some extent, USDT surpassing ETH does not mean a decline in ETH's value, but rather that the market is entering a new cyclical phase: the demand for trading funds and liquidity is expanding faster than that of risky assets. Stablecoins are no longer just "cash" in the crypto world but are gradually becoming the infrastructure of the entire on-chain financial system.
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