ProtocolPicnic

$SOL showing strong downside continuation momentum.
Bears remain in control with lower highs and lower lows.
EP
68.20 - 69.00
TP
TP1 67.00
TP2 66.00
TP3 64.80
SL
70.20
Liquidity has been swept from the intraday highs and price continues to react below resistance. Structure remains bearish with sellers defending rebounds and momentum favoring continuation toward lower liquidity zones.
Let’s go $SOL ‌

According to Fox News, Meta, in collaboration with the FBI, the U.S. Department of Justice, Thai police, Microsoft, Coinbase, Starlink, and others, has launched its largest anti-fraud operation to date, targeting Southeast Asian scam hubs and transnational criminal networks. The operation began on May 18 and lasted for two weeks, during which Thai police arrested 63 individuals suspected of being involved with the scam centers. Meta stated that it has removed approximately 1.4 million scam-related accounts, pages, and groups on Facebook and Instagram; Coinbase froze over $3 million in crypto assets linked to the criminal network; the types of scams involved include "pig-butchering" scams, crypto investment fraud, romance scams, and others, with some hubs also involved in forced labor.

CryptoWorld News reports that the BTC short position at address pension-USDT.ETH has reduced by 31.84 BTC, approximately $2.07M. The current position size is $28,687,154.04, with an average price of $69,423.20. The current profit and loss is +$1,034,020.15 (+10.81%), with the current price at $67,007.92 and a liquidation price of $144,768.49. This whale often profits through swing trading, with cumulative gains exceeding $20 million since October.

CryptoWorld News reports that the Qianwen App has announced it will fully open access to third-party Agents and Skills. The first batch of partner enterprises includes Luckin Coffee, KFC, China Eastern Airlines, and Mixue Bingcheng. Users can already experience services such as in-store pickup for Luckin Coffee and KFC within Qianwen, and the relevant companies are also testing integration with intelligent agents. The open platform will be officially launched soon. The upgraded brand Agents feature memory and proactive planning capabilities, and can intelligently recommend itinerary plans. Over the past six months, the Qianwen App has gradually connected dozens of Alibaba ecosystem Agents, such as maps, ride-hailing, and shopping, with daily chat-like, similar conversational interactions.

ME News, April 19 (UTC+8), in the morning, the “Connected World, Boundless Future” Frontier Technology Forum, jointly hosted by the Frontier Technology Research Institute and ME Group, opened in Hong Kong. Wen Yi, Chairwoman of the board of China Frontier Technology Group and founding dean of the Frontier Technology Research Institute, attended and delivered a welcome speech. She noted that Hong Kong is currently in a window period of global digital economy transformation, and that a series of international conferences and institutional innovations have been implemented, making it the best position to grasp the pulse of the industry.
Chairwoman Wen Yi emphasized that the forum’s core focus is the deep integration of AI and Web3. The trusted ecosystem built by Web3 and the efficiency revolution brought by AI are profoundly changing the underlying logic and core competitiveness of business operations. The Frontier Technology Research Institute will continue to play the role of a bridge among academia, industry, and the capital market, helping entrepreneurs see trends clearly and move forward with determination in the digital wave. She called on all sectors to use technology as a chain,

Crypto World News reports that in the early hours of the 3rd, the Kuwaiti military issued a statement on social media saying that the Kuwaiti air defense forces are intercepting incoming “hostile” missiles and drones. If the public hears explosions, it is the result of the air defense system intercepting the attacks. Media reports say that the U.S. military base stationed in Kuwait was attacked. And according to Iranian media, alarms also sounded over Bahrain. Iranian media reported earlier on the 3rd that an explosion was heard over Qeshm Island in the Strait of Hormuz. It is still unclear whether there is any connection between the events mentioned above. However, Iran’s Islamic Republic Broadcasting reported that the attack on the U.S. military base occurred immediately after an explosion was heard on Qeshm Island.

ME News, June 2 (UTC+8): The U.S. stock market may continue to set new records, but the Wall Street analysts tasked with tracking these markets are not rushing to keep pace with the rally. Researchers are lowering their ratings for companies that make up the S&P 500 index. Jefferies data shows that, within the broader Russell 3000 index, the proportion of constituents rated “Buy” is nearly unchanged from four years ago, and is far below the peak levels seen during the internet bubble era. Whatever the exact reasons are behind this new wave of skepticism, it is viewed as a positive development. From a contrarian perspective, this indicates that market sentiment has not yet reached the extreme exuberance typically associated with a top. Andrew Greenbean, Senior Vice President of Equity Research Product Management at Jefferies, said: “I usually consider market sentiment from the perspective of whether there are more new buyers or sellers.”目

BlockBeats News, June 2, Hyperliquid posted that the platform’s RWA (real-world assets) related positions have reached a historical high of $3 billion (ATH). Since the HIP-3 plan was launched in October 2025, RWA holdings have continued to break records for several months.

CryptoWorld News reports that XBIT DEX stated that the Hype token is currently priced at $72, up 74% in recent times. According to the latest survey, nearly 70% of subscribers regard it as their preferred token. However, a valuation model built on the past 365 days of fees, trading volume, and user data shows that the platform’s fundamentals have declined significantly since October 2025: fees are down 81%, revenue per user is down 70%, and trading volume has been cut in half. Although the price has not been affected, analysts believe that Hype’s actual value needs to be reassessed, and they point out that June 6 is an important date every holder should pay attention to.

Coin World News reports that the White House has announced it will reduce tariffs on agricultural equipment such as combines and harvesters from 25% to 15% to lower costs for U.S. farmers and manufacturers. The preferential measures will take effect on June 8 and continue until the end of 2027. Trump said that rising costs are the reason for adjusting the tariffs, and he also cited the impact of the recent situation on the relevant industries.

Article 27 of the “Regulations on Outbound Investment” issued by the State Council provides that: those who fail to complete the overseas investment record-filing procedures as required, or who apply for record-filing using false materials, shall be ordered to make corrections, have their illegal proceeds confiscated, and be fined 1‰–5‰ of the investment amount; if they refuse to make corrections, their investment activities shall be stopped, they shall be given a deadline to dispose of their shares/assets, and the fine shall be increased to 5‰–10‰; the persons directly in charge and other persons directly responsible shall be fined RMB 20,000–50,000. Those who obtain record-filing by bribery, deception, or other improper means shall have the record-filing revoked, have their illegal proceeds confiscated, and be fined 1‰–5‰; investors who have already invested shall have their investment activities stopped and be given a deadline to dispose of their shares/assets, with a fine of 5‰–10‰, and the relevant persons responsible shall be fined RMB 20,000–50,000.

Mars Finance News reports that, according to Jintiao, Federal Reserve Board Member Bowman stated that if the Federal Reserve maintains credibility in its monetary policy, energy shocks can be disregarded.

BlockBeats reports that Mastercard has partnered with Chainlink to create a direct fiat currency acceptance crypto channel, allowing global cardholders to purchase digital assets directly within on-chain smart contracts, bypassing the friction of centralized exchanges. The core is a multi-party routing engine that balances compliance and transaction speed; both parties do not build a closed network but instead collaborate with multiple fintech infrastructure providers to integrate their payment networks and data verification networks.