QuietValidator

CryptoWorld News reports that prediction markets indicate that democratic socialist Janeese Lewis George is expected to win today's Washington mayoral primary, with an 80% probability of victory. Analysts say this is the region's "Mandani moment."

NEW: 🇺🇸 US VP Vance says Strait of Hormuz to remain open 'toll free' long term — CNBC reports

CryptoWorld News reports that, according to Decrypt, the U.S. Department of Justice announced that a man from Tennessee has been charged with 11 counts for operating a cryptocurrency Ponzi scheme through Star Credit Holdings from 2020 to 2024. The man lured investors with false promises of guaranteed returns, used funds from new investors to pay old investors, defrauding millions of dollars, and embezzled over $1.9 million for himself and his family. He is charged with wire fraud, money laundering, and submitting false tax returns, and if convicted, faces decades in federal prison.

Crypto news, Bernstein reports that despite ETF capital outflows and AI topics occupying investor attention, since 2026, financial firms and institutions have invested approximately $12 billion in Bitcoin, further strengthening Bitcoin's case as a store of value. Bernstein, as an asset management company, manages a total of $860 billion in assets.

CryptoWorld News reports that, according to military sources cited by Iran's Tasnim News Agency, Tehran is prepared for a prolonged conflict with Israel and has taken steps to strike American interests.

Air raid sirens sounded in northern Israel and Tel Aviv, and Haifa entered a state of alert. The military stated that Iran previously launched missiles at Israel, with defense and offensive measures on high alert, and the national defense system fully activated. The Chief of Staff is currently assessing subsequent actions. The Israeli military accused Iran of attempting to respond to operations in the Dahiyeh area of Lebanon with missiles, and will continue to target Hezbollah in Lebanon; Hezbollah has been firing projectiles at northern Israel, and the Israeli military has carried out strikes in Dahiyeh.

CryptoWorld News reports that, according to Whale Alert monitoring, 804 BTC (approximately $50.2068M) has just been transferred from Coinbase Institutional to an unknown wallet.

CryptoWorld News reports that on the 3rd, the United States, Israel, and Lebanon issued a joint statement stating that, as a result of negotiations led by the United States, Israel and Lebanon agree to implement a ceasefire, but only if Hezbollah in Lebanon fully ceases fire and withdraws armed personnel from southern Lebanon south of the Litani River.

Crypto World News reports that Solana’s price has once again drawn attention after eight consecutive months of decline, marking the longest continuous loss streak in the network’s history. Despite the drop in SOL’s price, network activity remains strong. Analyst Crypto Patel pointed out that after SOL reached a historical high of about $260 in 2021, it went through a similar decline before ultimately falling to around $8. Currently, SOL has fallen from a peak of about $253 to $67, and the market is eagerly anticipating the outlook for this month’s candle. Research firm Messari reported that Solana’s Gacha app spending in May reached $146.6 million, accounting for 64% of total market expenditure. Despite the market sentiment being complex, the activity in the SOL ecosystem continues to attract significant attention.

CryptoWorld News reports that the prediction market indicates Solana is expected to fall below $70 this month, with a current probability of 60%.

A New York lawsuit is set to classify approximately 39,069 dormant wallets containing 3,799.6 million BTC as abandoned property. On June 2, a wallet that had been inactive since 2011 transferred out 35.55 BTC—about $2.54 million—after the defendant served the lawsuit to it via an on-chain dust transaction. Experts say the address is clearly not abandoned. Even if the plaintiff obtains a default judgment, they have no right to obtain the private keys, but they could potentially create a legal defect in ownership of the relevant BTC in the future; if the BTC is traded on regulated exchanges or held by custodial institutions, the holder may be required to publicly prove ownership.

BlockBeats News, June 2nd, according to official sources, on-chain perpetual contract platform Pingu Exchange announced it will cease operations permanently and officially shut down the platform on July 31, 2026. The team stated that Pingu launched on Arbitrum in January 2024, raising approximately $270k, and has always relied on platform revenue to sustain operations. Over the past 18 months, the platform's total trading volume approached $2.4 billion, distributing about $650k worth of ETH and USDC rewards to stakers, while also accumulating a certain amount of capital reserves.
Pingu claims that the company subsequently invested resources into the Monad ecosystem, hoping to achieve new growth, but the related strategy did not meet expectations. The project migrated to the Monad mainnet six months ago.

According to the Financial Times of the UK, the United States is discussing deploying nuclear weapons in more NATO European countries to demonstrate security guarantees to allies amid the reduction of conventional forces. If additional deployments are made beyond the current six countries equipped with nuclear-capable bombers, it will promote the deployment of "dual-capable aircraft" to achieve nuclear strike capability. Eastern flank countries such as Poland and the Baltic states have expressed interest in the plan, but related agreements are unlikely to be reached in the short term.

Coin World News reports that IBM (ibm.n) shares surged nearly 9% on Monday, increasing its market value by over $24 billion.
This rally was triggered by a video from a White House event six months ago, in which U.S. President Trump praised IBM CEO Arvind Krishna as a "legend."
Although the market did not react immediately at the time, dozens of accounts on social media reposted the video over the weekend.
Before NVIDIA CEO Jensen Huang made comments to boost software stocks, IBM's stock price had already begun to rise in pre-market trading, laying the groundwork for a significant opening jump on Monday.
This phenomenon highlights the scale of current market speculation, with the booming development of artificial intelligence sparking investor enthusiasm for tech stocks, reflecting Trump's willingness to support specific companies and industries, which can sometimes lead to sharp stock market volatility.