Global TradFi & Macroeconomics

Bitcoin (BTC) continues to weaken and fall, temporarily around $62,900. Bitmine follows Strategy’s financing model by issuing preferred shares with an annual dividend yield of 9.5%. In May, the number of monthly crypto VC deals dropped to about 50, the lowest level since before 2021. Macro Events & Crypto Market Hotspots 1、According to a CoinDesk report, Bitmine, an Ethereum treasury company owned by Tom Lee, is now emulating Strategy’s financing model by issuing preferred shares to seek new sou

According to Jin10, China's central bank conducted zero reverse repo operations today (June 4), with 10.13 billion yuan in 7-day reverse repos expiring, resulting in a net liquidity withdrawal of 10.13 billion yuan from the money

The People's Bank of China announced today that its 7-day reverse repurchase agreement operations reached zero, citing no demand from primary dealers.

On June 4, China's interbank foreign exchange market adjusted the yuan midpoint rates. The USD/CNY mid-rate climbed to 6.8203, up 19 pips, indicating CNY weakness. The EUR/CNY rate fell to 7.8920, down 70 pips. Among other major pairs, JPY/CNY declined 12 pips to 4.2540, while CNY/RUB rose 870 pips

U.S. Treasury Secretary Scott Bessent, on June 4, urged lawmakers to support the CLARITY Act during an FY2027 budget hearing at the Senate Finance Committee, hoping the bill can pass this summer. Bessent confirmed that the Treasury Department is moving forward with the establishment of strategic Bitcoin reserves at a “prudent pace.” The CLARITY Act is currently deadlocked in the Senate. Status of the CLARITY Act: Passed by the House, with three major obstacles in the Senate Based on publicly ava

According to Ivan Chebeskov, Deputy Finance Minister of Russia, on June 4, the Russian Finance Ministry opposes allowing dollar-denominated stablecoins to be traded in the country. Chebeskov warned that if USDT and USDC were permitted, issuers could directly freeze assets in user wallets, with

According to ChainCatcher citing SoSoValue data, Solana spot ETFs recorded net outflows of $12.74 million on June 3 (U.S. Eastern time). Bitwise Solana Staking ETF (BSOL) led outflows with $11.56 million, while Grayscale Solana Trust (GSOL) saw $1.19 million in net redemptions during the same

On June 4 morning opening, Shanghai Gold Exchange Gold T+D fell 0.54% to 970.71 yuan per gram, while Silver T+D declined 1.56% to 17,739.0 yuan per kilogram.

Bitcoin further dipped to around $63,300 on June 4. After Strategy Inc. sold 32 BTC (about $2.5 million), market sentiment was hit; Bitcoin’s market cap has shed about $160 billion this week. Bloomberg compiled data showing that US-listed Bitcoin ETFs have seen outflows for 12 consecutive trading days, with nearly $4 billion withdrawn, setting a historical record for consecutive outflows. Key Market Data: Bitcoin vs. Nasdaq 12-Month Performance Key market data comparison: Bitcoin: down 37% over

According to Comex data, gold futures fell to 4462.7 USD/oz on June 3, down 1.27%, while domestic Shanghai gold futures declined 0.74% to 973.42 yuan/gram. The decline came after stronger-than-expected U.S. employment data: May ADP jobs increased by 122,000, the largest gain since January 2025. The

According to SoSoValue data, HYPE spot ETF saw net inflows of $2.9867 million on June 3, with 21Shares Hyperliquid ETF (THYP) accounting for all inflows. The fund's total assets under management stand at $192 million, bringing cumulative net inflows to $140 million.

Broadcom (AVGO) stock dropped over 14% after-hours today after the company guided Q3 AI chip revenue to $16 billion, below analyst consensus of $17.2 billion, according to Odaily Daily. CEO Hock Tan also lowered full-year AI chip sales guidance to $56 billion, versus prior expectations of $57.6 bill

According to Bitcoin Magazine, Charles Schwab launched 24/7 crypto futures trading on its thinkorswim platform on June 4. The service supports Bitcoin, Ethereum, Solana, and Ripple futures, available nearly 7 days a week and nearly 24 hours

According to SoSoValue data, U.S. BNB spot ETFs saw $1.21 million in net inflows yesterday (June 3), with all flows from VanEck BNB ETF (VBNB). As of reporting time, total assets under management for BNB spot ETFs stood at $2.19 million.

According to Jin10 Futures, on June 4, crude oil maintained elevated price levels with fuel oil market costs remaining well supported. However, downstream refining margins are facing notable compression from rising input costs. Market participants show cautious purchasing sentiment, with

According to Bloomberg, Alphabet raised its planned equity sale to $84.75 billion from the $80 billion announced two days earlier. The offering includes a $40 billion at-the-market program and a $10 billion share sale to Berkshire Hathaway. At this size, it becomes the largest equity sale on

According to Jin10 Futures, the CNEX money market sentiment index stood at 49 as of 8:45 AM on June 4, unchanged from the previous day at 4:00 PM. Large banks, mid-sized banks, and non-bank institutions reported indices of 47, 50, and 48 respectively, all flat. The index ranges from 0 to 100,

According to SoSoValue, 21Shares Hyperliquid ETF (THYP) saw net inflows of $2.987 million yesterday (June 3). The HYPE spot ETF brought in the sole inflow contribution for the asset class on that day.

According to SoSoValue data, U.S. XRP spot ETFs experienced total net outflows of $5.34 million on June 3. The largest outflow came from Bitwise XRP ETF (XRP) with $4.06 million, while Grayscale XRP Trust ETF (GXRP) saw $699,400 in outflows. As of press time, XRP spot ETF total assets under

According to Jin10, Hong Kong's Hang Seng Index closed down 405.11 points, or 1.56%, at 25,633.21 on June 3, while the Hang Seng Tech Index dropped 2.74%. In mainland China, the ChiNext Index rose 1.65% and the Sci-Tech 50 Index climbed 2.11%, outperforming regional peers. European and U.S. stock ma