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Wu said that Dragonfly partner Lindsay Lin, when commenting on CME’s lawsuit against the CFTC, stated that crypto perpetual contracts have achieved stronger liquidity and user demand worldwide than crypto futures, and that many investors are willing to go to offshore markets to access related products. She believes that CME excluding perpetual contracts from the category of futures is mainly based on the technical distinction of “no expiration date,” but for traders, what matters more is a highly liquid price exposure tool that does not require managing rollover risk and contract expiration issues. Lin believes that crypto perpetual contracts have the same characteristics as futures, including standardized contracts, centralized clearing, margin mechanisms, and profit-and-loss settlement; their risk profile is more similar to that of futures, so they should be subject to a relatively simplified futures regulatory framework rather than being included in the swaps regulation system. She also supports CFTC efforts to promote the inclusion of related products within the U.S. regulatory…

Wu said that BNB Chain has proposed the BEP-675 proposal, aiming to remove the validator-side bid simulation process in the BSC MEV pathway. Validators will no longer perform double execution of transactions but will directly accept the BidBlock, which is pre-calculated by the builder, and confirm the block sealing; this mechanism moves the complete EVM execution path to the builder side, increasing the gas limit by approximately 50%, and extends the builder competition window from about 30% of the block time to approximately 45%.

CryptoWorld News, citing Al Jazeera: Israel bombed a residential apartment in the center of Gaza City, and the number of people killed has risen to 3.

$BTC After taking out a cluster of long liquidations, price has started to rise again.
This move higher has left behind yet another liquidation cluster below price waiting to get swept.
Meanwhile, on the lower timeframes, there isn’t much liquidity sitting above us.
From a liquidity perspective, the downside remains the more interesting area for now.

According to The Block, Coin World News reports that el dorado has completed a $9 million Series A funding round, led by paradigm, with Coinbase Ventures and Verda Ventures participating. The funds will be used to expand Latin America’s cross-border payment infrastructure. el dorado covers internal corridors such as Brazil and Bolivia, with more than 100,000 active users and over 5 million transactions processed. The company has launched an enterprise-focused cross-border payment service that integrates stablecoins and fiat currency rails, and has served more than 100 businesses.

According to ChainSource news, according to The Block, Ethena Labs will allocate $250 million to the tokenized AAA-rated CLO fund STAC issued by Securitize, and the fund is already live on Solana. STAC was launched by Securitize in collaboration with BNY and invests in USD-denominated AAA-rated secured loan certificates. STAC currently manages $102 million from 4 investors. Ethena Labs aims to diversify the collateral assets of USDE and USDTB through this allocation.

Prediction market platform Kalshi announced that within 7 days of launching its new cryptocurrency perpetual contract product, the notional trading volume has exceeded $1 billion, with trading volume surpassing $100 million within the first 24 hours after the product went live. Previously, Kalshi received formal approval from the U.S. Commodity Futures Trading Commission (CFTC) at the end of May this year, allowing it to list 13 crypto asset contract projects, including a perpetual contract referencing the Bitcoin spot price (BTCPERP), and officially launched trading on June 3rd, becoming the first entity in U.S. history to offer such products on a domestically compliant exchange. (Cryptobriefing).

CryptoWorld News reports that trader Loracle has recently shifted to going long, with the HYPE long position size reaching $8.6 million. Previously, Loracel was HYPE’s largest short seller; it has now accumulated long positions across HYPE, ZEC, WLD, TON, ASTER, NEAR, and XMR. Among them, the HYPE long position is still its largest holding. It was opened yesterday with 2x leverage, and it has continued to add to the position today, bringing the size to $8.6 million. Loracel currently holds 892,500 HYPE spot tokens (worth approximately $60.7 million). After switching its contract-side positioning to long, its HYPE exposure has fully converted into a one-sided long exposure. At present, except for XMR, the long positions in the other six cryptocurrencies have all recorded unrealized losses to varying degrees.

Mars Finance News, according to Jintou reports, Citigroup strategists say that excessive bullish positioning in U.S. technology stocks is putting investors at risk of a market reversal. The Citi team pointed out that the continued enthusiasm for artificial intelligence themes has pushed bullish market bets to the limit, especially making the Nasdaq 100 Index vulnerable to shocks. Since hitting a bottom in late March, the S&P 500 has risen 20%, and the Nasdaq 100 has surged 33%.

CryptoWorld News reports that Microsoft recently announced the launch of seven new artificial intelligence models. This move marks Microsoft's ongoing innovation and development in the AI field.

Crypto World News reports that Franklin Templeton has integrated its benji tokenized money market fund and other tokenized products into MoonPay Trade. Institutional users will be able to exchange between stablecoins such as USDC, USDT, and benji through MoonPay's on-chain trading infrastructure. MoonPay Trade was launched at the end of May, positioned as an institutional-grade on-chain execution platform supporting cross-chain routing, trade execution, settlement, collateral transfer, and tokenized asset trading.