SeaSaltMarketMakingNotes

Bloomberg ETF analyst Eric Balchunas stated that the trading volume of BITA in the two days before listing was approximately $6 million and $7 million, respectively, showing steady performance and ranking in the top 1% of all newly launched ETF products, but it is still clearly far below IBIT. Balchunas said that BITA can almost be regarded as a product "likely to accumulate a decent asset size," but in the current market with many hot topics, it may take some time to realize that potential.

According to Fars News Agency, an insider disclosed details of the ceasefire memorandum between the U.S. and Iran. After Israel attacked Lebanon, the U.S. proposed concessions to promote diplomacy, while Iran had planned new strikes; after Trump’s involvement, the U.S. obtained the concession of not attacking Israel in exchange. Key points of the revised memorandum include: immediately lifting the maritime blockade; expanding the ceasefire to all fronts and strengthening statements affirming Lebanon’s sovereignty.

Crypto Realm News reports that Tim Scott, Chairman of the Senate Banking Committee, stated that the CLARITY Act will protect consumers, establish clear rules for digital assets, and help the United States maintain its leading position in financial innovation.

Wu said that market observer Serenity commented on the recent pullback in the U.S. chip sector (such as NVDA down 4.87%, MU down 7.03%). The media often blame it on the shadow cast by a few major companies, but in fact, Broadcom has already provided strong demand expectations through 2028, and the fundamentals of AI development have not changed; capital expenditures (capex) are actually increasing. She believes that the main driver of this correction is the rising probability of the Federal Reserve raising interest rates. However, she advises investors not to try to trade based on the likelihood of Fed decisions, but to continue to focus on the fundamentals of companies with solid earnings expectations.

CoinJie News: In the past hour, the total contract liquidation amount across the entire network reached $100 million, of which long positions were liquidated for $97.87 million. ETH’s current price is $1,670.78, with a 24-hour decline of 6.69%. In this liquidation event, the ETH liquidation amount was $42.59 million, accounting for 42.36%. Data is for reference only.

CryptoWorld News reports that, according to Lookonchain monitoring, wallet 0x1bb7 has just deposited 86,481 ETH, worth approximately $171.57 million. Previously, this wallet had been inactive for more than 5 years. This may simply be a transfer between internal wallets.

BlockBeats News, June 1 — Telegram founder Pavel Durov posted on his personal channel announcing that the TON ecosystem has launched a brand upgrade plan. Its native token name will be changed from TON to Gram. The team said, “Gram” is the name of the native currency in the original white paper of the TON project. This renaming is intended to return to the project’s original aspiration and usher in a new phase of ecosystem development.

According to the announcement, this brand conversion is expected to be completed gradually over the next approximately three weeks. During the transition period, related infrastructure, wallets, and ecosystem applications will be updated one after another to reflect the new token name.

TON emphasized that this adjustment only involves the native token’s brand name, and the TON blockchain network itself will continue to use “TON (The Open

LAB UNSTOPPABLE AFTER OUR PERFECT BOTTOM ENTRY 🚀 4409% Profit (5x Leverage)📈

CoinJie.com News, according to The New York Times: Three officials revealed that U.S. President Trump has tightened the terms of a potential agreement framework aimed at ending the Iran war and has sent these revised proposals back to Iran for its consideration.