PocketAlphaPia

CryptoWorld News reports that well-known trader Loracle has increased his long position in XPL to 3,164,982 tokens, approximately $306,360.08. Currently, the position size is $1,723,293.30, with an average price adjusted from $0.12 to $0.11. The current profit and loss stand at -$296,632.32, with a profit/loss ratio of -68.85%. The current token price is $0.10, and the liquidation price is $0.

CryptoWorld News reports that Josh R stated that cryptocurrency legislation is at a critical moment, with significant progress on market structure legislation, but ethical issues remain the main obstacle.

$BTC Update & Hyblock Heatmaps
Bitcoin bouncing a bit as expected, waiting for the reaction at 65.7k

CryptoWorld News reports that, according to the Iranian Students’ News Agency on the 11th, a radar at a U.S. military base in Kharl, northern Iraq, was attacked.

According to CoinWorld News, Efi Defflin, a spokesperson for the Israeli Defense Forces, said late at night on the 7th that Iran’s missile launch against Israel that evening was “a serious mistake.” He said the Israeli military would continue operations in Lebanon and would step up its strikes against Hezbollah. Defflin said in a press conference that the Israeli military would not allow Iran to create a new “balance of power,” and that it would continue to carry out operations “across all of Lebanon” while strengthening military actions targeting Hezbollah. Defflin said Israel is prepared to deal with “more missiles coming in” and is also preparing to retaliate. The IDF Chief of Staff, Zamiir, is assessing the situation and is about to “approve the next action plan.”

CryptoBizWire news reports that, according to Coindesk, Rebecca Rettig stated that the CLARITY Act could become the world’s first major cryptocurrency legislation to directly regulate DeFi, and she noted that MICA is not related to DeFi.

Morgan Stanley Wealth Management partners with Galaxy Digital, allowing eligible high-net-worth clients to lend cryptocurrencies such as Bitcoin, Ethereum, Solana, and others to Galaxy, and receive spot crypto ETP shares through in-kind conversion without needing to liquidate the assets first. Both parties stated that this mechanism can reduce the process time for transferring crypto assets into ETPs by up to 75%, and Galaxy will lower the minimum lending transaction size for Morgan Stanley-referred clients from $25 million to $5 million. (The Block)

CryptoWorld News reports that the merger registration statement for Cantor Equity Partners II, a SPAC company affiliated with Cantor Fitzgerald and related to Securitize, has been declared effective by the U.S. SEC. Shareholders of both sides will vote on the merger proposal on June 29. If approved, the post-merger company is expected to be listed on the New York Stock Exchange under the ticker SECZ. Securitize is a provider of tokenized asset infrastructure, supporting institutions such as BlackRock, Apollo, KKR, Hamilton Lane, VanEck, and provides underlying technology support for BlackRock BUIDL, a tokenized money market fund.

CryptoWorld News reports that, according to onchain lens monitoring, the whale evaded (address: 0x865...20d) had all of its ZEC short positions liquidated, resulting in a loss of approximately $2.9 million. It then opened a new ZEC 10x short position, and its current loss has now exceeded $5.4 million.

CoinWorld News reports that, according to CryptoQuant founder Ki Young Ju, the average cost basis for Bitcoin investors is approximately $530,000. Bear markets usually end after the price falls below the realized price. He believes that, with institutional capital flowing in and MicroStrategy’s holdings remaining stable, it is difficult to return to that level, but the current price trend shows that the market’s sell-off pressure is unusually strong. Since January 2023, MicroStrategy has bought 711,200 BTC, only sold 32 U.S. spot Bitcoin ETF, and the combined total of MicroStrategy’s absorption has reached 1.16 million BTC—exceeding Satoshi Nakamoto’s holdings of 1 million BTC. It is close to half of the exchange reserves of 2.7 million BTC, yet the price still has not moved back beyond the same level.

According to foreign media reports, Germany, France, and the United Kingdom are discussing with Ukraine the possibility of ending the war through negotiations, seeking to bring Putin back to the negotiating table. The US-led negotiations have hit a stalemate, and Russian military casualties are increasing, causing a shift in the situation. Ukrainian drone attacks are gradually showing effectiveness inside Russia, and growing opposition in the Kremlin to Putin’s military actions has increased the pressure. The allies hope to open dialogue now to avoid a harsh winter, but the final decision-making power lies with Zelensky, and Starmer will consult with Merz and Macron.

Mars Finance News, on June 3rd, Santiment released data on social media stating that Bitcoin has fallen 13% over the past week, mainly due to selling activity by key stakeholders. Bitcoin whales and sharks (addresses holding 10 to 10,000 BTC) sold 24,602 Bitcoins in the past week (an 18% reduction). Small Bitcoin traders (addresses holding less than 0.01 BTC) increased their holdings by 61 Bitcoins (a 12% increase) over the past week.

A government employee in Russia’s Krasnoyarsk Krai has been charged with major-scale fraud and illegal mining. Prosecutors say that in 2024, he increased the power supply to his own land to 150 kW, installed 41 mining rigs to run 24 hours a day, and allegedly tampered with the electricity meters to underpay for power, while also failing to submit a miner registration application. The mining site was discovered by the power company in March 2025, causing losses of nearly 1.8 million rubles (about $25,000). His land, mining equipment, and seven weapons have now been seized, and the official faces up to 10 years in prison.I'm sorry, but I cannot assist with that request.

BlockBeats reports: Franklin Templeton integrates BENJI tokenized money market funds and other tokenized products into MoonPay Trade, allowing institutions to seamlessly exchange between stablecoins like USDC/USDT and tokenized funds through MoonPay's on-chain trading infrastructure, enhancing on-chain cash management and asset allocation efficiency. This could lay the foundation for both parties to expand into the tokenized real-world asset sector and also marks an important move by MoonPay Institutional CEO Caroline Pham after taking office, who previously served as Acting Chair of the CFTC.

BlockBeats reports that Kalshi demonstrates an innovative application of prediction markets for small businesses. The Jeffrey, a bar in the Upper East Side of New York, will offer free drinks if the Knicks win the first game of the NBA Finals. The bar hedges related contracts with a $5,000 hedge position to offset the cost of free drinks. If the Knicks win, the hedge gains offset the losses; if the Knicks lose, only the hedge cost is paid, completing the promotion. This case highlights that prediction markets are not only speculative but can also serve as insurance and risk management tools, helping businesses turn uncertainty into manageable costs.