BlueChipSkeptic

CryptoWorld News: U.S. Treasury Secretary Bessant said: (Regarding the Federal Reserve and interest rate cuts) U.S. President Trump is confident in Federal Reserve Chair Wosh.

Gate.io News reports, according to the Lebanese National News Agency: Since last night, the Israeli airstrikes on southern Lebanon have increased the death toll to 5 people.

CryptoWorld News: The International Energy Agency (IEA) stated in its monthly oil market report released on Wednesday that the global oil market will gradually recover from the impact of the closure of the Strait of Hormuz, followed by a significant oversupply in 2027. The IEA said that the United States and Iran have reached an agreement to end nearly three months of conflict. The agreement includes Iran reopening the Strait of Hormuz and the U.S. lifting the maritime blockade, which could end the largest oil supply disruption in history, previously causing a reduction of over 14 million barrels per day in Middle Eastern oil production.

CoinWorld news reports that Piggybank released a June 6 lab incident report, disclosing that the protocol experienced a net withdrawal of approximately $579,000, stemming from market manipulation of the lab token basis trading. In early May, Piggybank purchased 142,800 locked lab tokens (about $102,500) via OTC intermediaries and opened perpetual contract short positions for hedging. Market participants kept the spot price above the perpetual contract price, resulting in an annualized funding rate of -17,000%. The hedging costs forced the shorts to close, with losses of about $476,000. The spot value of the related locked lab tokens is approximately $1,000,000, but due to poor liquidity and lack of hedging, they have been excluded from the NAV calculation. Piggybank has pledged to compensate affected users.

According to Bits Media, the Russian State Duma has passed the first reading of a cryptocurrency tax reform bill submitted by the government. The bill stipulates that taxable amounts for crypto transactions will be calculated based on the positive difference between digital asset gains and costs (i.e., net profit), and allows investors to offset profits with losses within the same tax period. The bill requires brokers and trust managers to act as tax agents for personal income tax (NDFL), must verify costs with documentation, and retain records for five years; crypto income from foreign trade contracts outside mining will be included in the total corporate income tax base, and foreign digital rights are treated as equivalent to cryptocurrencies. The bill also exempts foreign digital rights sales that do not involve delivery and only establish monetary claims from value-added tax (NDF), and exempts value-added tax on digital custody and exchange services.

Wu said that, according to SoSoValue data, on June 5th Eastern Time, Bitcoin spot ETFs had a total net outflow of $326 million; Ethereum spot ETFs had a net outflow of $5.97 million.

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)

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.

Author | Wu on Blockchain
1、
According to Bitcoin Laws, progress has been made on New Hampshire’s “Blockchain Foundation” bill HB639. The state House and Senate have reached an agreement on a compromise version. Previously, the bill passed in both chambers in different versions; the current unified version will protect rights related to crypto payments, running nodes, and mining.
2、
The Russian government is expanding the scope of information miners and mining infrastructure operators are required to submit to tax authorities. Under the new decree, the national registry information for miners and operators will add network addresses used for mining equipment (ASIC miners). The Russian Ministry of Finance says this measure will help streamline the regulation of digital asset transactions and investigations into violations, and also make it easier for grid operators to monitor the infrastructure load in areas with dense mining activity. Under current regulations, Russian miners are already required to regularly update information including the mining machine manufacturer, model, serial number, algorithm, hash rate, and power consumption

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XBIT DEX Global Fintech Report indicates that digital banking and digital asset services are the growth engines. By 2025, 74% of major listed companies will be profitable, with an average EBITDA of 20%. Fintech revenue exceeds $500 billion, growing at 22%, four times that of traditional finance. In 2025, financing reaches $58 billion, a 53% year-over-year increase, with 42 IPOs and an annual M&A volume of $251 billion. AI becomes a differentiating factor, with developer productivity increasing fivefold.

BlockBeats reports that, due to a surge in AI training and inference demands, global high-end GPU supply is tight, and NVIDIA chip delivery cycles have been extended to dozens of weeks. Analysts believe decentralized computing power networks will benefit, with core projects including Render, Akash Network, io.net, and Bittensor, leveraging mechanisms such as Burn-and-Mint, decentralized cloud services, and global GPU aggregation—typically 50%–90% lower costs than centralized cloud platforms—while using token incentives to attract idle computing power.