📢 Gate Square Daily Market & Macro Report | June 4

1️⃣ Geopolitical Situation
The U.S. House of Representatives has passed a resolution with a narrow 215–208 vote aimed at limiting former President Donald Trump’s authority to use military force against Iran. The move highlights a rare bipartisan fracture, as several Republicans broke ranks, signaling growing political divergence over U.S.–Iran policy and executive war powers.
2️⃣ Crypto Market Dynamics
Bitcoin experienced a sharp intraday decline, briefly falling below the $62,000 level. The drop triggered widespread liquidations across leveraged positions, wiping out approximately $1.5 billion in long trades. Despite the broader risk-off sentiment, HYPE token moved against the trend, gaining around 6%. Meanwhile, the HYPE/SOL ratio reached a new cycle high of 1.044, indicating relative strength versus Solana during the current bear phase.
3️⃣ Crypto Regulation Outlook
U.S. Treasury leadership has called for accelerated progress on the proposed “Clarity Act,” targeting potential passage during the summer session. At the same time, development of a strategic Bitcoin reserve framework is reportedly being handled cautiously, with phased evaluation and gradual policy advancement rather than immediate implementation.
4️⃣ Platform & IPO Developments
Gate’s Pre-IPO segment has drawn attention after reports that its first high-profile listing target, SpaceX, is preparing for a public offering scheduled for June 12. The proposed IPO valuation is reported at approximately $1.77 trillion, placing it among the largest anticipated market debuts in history.
5️⃣ Market Outlook & Sector Trends
Market analyst “New Stock God” Serenity suggests that photonics-related equities may begin to see sequential upside over the next 3 to 15 months, particularly following the implementation cycle of the EU CHIPS Act. The commentary highlights growing investor focus on semiconductor-adjacent technologies and advanced computing infrastructure.
📊 Summary:
Markets remain highly reactive, with macro-political tensions, regulatory developments, and high-impact liquidation events driving volatility. Meanwhile, capital continues rotating selectively into strong relative performers and future-facing technology sectors.