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📢 Gate Square Daily Report | June 4
1️⃣ Geopolitical Situation: The U.S. House of Representatives passed a resolution by a vote of 215:208, limiting Trump’s authority to use military force against Iran, as Republicans and the President formally split over Iran-related issues.
2️⃣ Market Dynamics: BTC briefly fell below $62,000, wiping out $1.5 billion in long positions; HYPE rose 6% against the trend. The HYPE/SOL exchange rate hit a new high for this bear market, at 1.044.
3️⃣ Crypto Regulation: The U.S. Treasury Secretary urged passage of the “Clarity Act” this summer, with the strategic Bitcoin reserve plan being handled cautiously and advanced in the meantime.
4️⃣ Platform Updates: Gate Pre-IPOs’ first listing target, SpaceX, has confirmed going public on June 12. The official IPO valuation is set at $1.77 trillion.
5️⃣ Market Outlook: “New Stock God” Serenity noted that shares related to photonics technology may begin to benefit in sequence within 3 to 15 months after the EU CHIPS Act is released.