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CoinWorld News: pension-USDT.ETH address increased its ETH short position by 761.94 ETH, which is approximately $1,324,952.13 at the current price. The total holdings of this address amount to $2,509,913.66, with the average price adjusted from $1,740.04 to $1,739.35, and the current profit and loss is +$512.35 (+0.06%). The current coin price is $1,739.00, and the liquidation price is $26,786.65. This whale often profits through swing trading, employing a strategy of low leverage and short cycles (average holding about 20 hours), mainly operating large positions in BTC and ETH. Since October, the accumulated profit has exceeded $20 million.

SELL TRB NOW!
SL 14.000
TP 13.000
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Raydium $RAY lost $1.34M through a deprecated AMM contract.
What's more dangerous for DeFi:
New unaudited code or old forgotten code? 👀
$RAY ‌

CryptoWorld News reports that the Federal Deposit Insurance Corporation (FDIC) in the United States has solicited comments on proposed rules for stablecoin issuers, with the deadline being June 9. The draft proposes to clarify that the payment stablecoin itself is not protected by FDIC insurance, but stablecoin reserves held at banks will be considered insured corporate deposits of the issuer, although stablecoin holders do not have access to full FDIC deposit insurance coverage. Comment letters indicate that yield incentives, deposit migration, reporting standards, and interoperability remain the main contentious issues in the payments industry.

🚨 NEW: $2.4B worth of USDC left circulation in the past 30 days.

Google DeepMind releases open-source real-time music generation model Magenta RealTime 2 (MRT2), optimized for M series Macs, with low latency locally, under 200 milliseconds. It can perform real-time playing and control via MIDI, text prompts, or audio clips, supporting three modes: MIDI guidance, text-to-synthesis, and audio cloning. Two versions are available: MRT2_small with 230 million parameters and MRT2_base with 2.4 billion parameters. The inference library Magenta-RT and C++ engine Magentart::core are open-sourced on GitHub, with standalone macOS applications and DAW plugins provided.

ZachXBT advises users to avoid trading Rain Protocol (RAIN), citing its small user base, limited progress, lack of reputable endorsements, and insufficient team experience; the tracked funds originate from Gems hot wallets and centralized exchange addresses, which have previously transferred to projects like DOP, TOMI, and others, suggesting possible team overlap. It also claims that the RAIN price is manipulated on-chain by the deployer's wallet and Uni V3 liquidity addresses. TOMI, DOP, and Sirin Labs can all be traced back to founder Moshe Hogeg, who was previously arrested for fraud and charged with involvement in a $290 million crypto scam.

Crypto World News reports, according to the Financial Times of the UK, Goldman Sachs estimates that a core assumption supporting SpaceX's IPO valuation of approximately $1.78 trillion is that its artificial intelligence division's revenue will grow from $3.2 billion in 2025 to about 100 times that amount, reaching $322 billion by 2030. Meanwhile, SpaceX's total revenue is expected to increase from $18.7 billion to $474 billion during the same period. The prospectus shows that XAI recorded a loss of $6.4 billion in 2025. Goldman Sachs also predicts that the revenue of this AI division will grow by 388% year-over-year in 2026, reaching $15.6 billion, and will reach $34.5 billion in 2027. Starlink and rocket business revenues are expected to reach $144 billion and $8.3 billion respectively by 2030.

According to Bits Media, Ivan Chebeskov, Deputy Finance Minister of Russia, said that if foreign stablecoins are allowed to enter Russia’s regulated trading markets, related assets in users’ wallets could face the risk of being frozen—especially U.S.-dollar stablecoins such as USDT and USDC. He said that there have already been cases where Russian legal entities had their U.S.-dollar stablecoins frozen, while BTC and ETH have not yet seen similar freezes, mainly because it is technically difficult to freeze them directly. Chebeskov said that Russia is discussing dedicated stablecoin legislation, and the regulated market will prioritize stablecoins pegged to the ruble and the currencies of “friendly countries.” The Central Bank of Russia will retain the power to adjust the list of approved stablecoins.

According to Bloomberg ETF analyst James Seyffart, Grayscale has submitted its third version of the S-1 registration statement amendment for its BNB ETF to the U.S. SEC.
The document shows that the product is named Grayscale BNB ETF, with the trading symbol tentatively set as GBNB.

Crypto World News reports that Franklin Templeton has integrated its benji tokenized money market fund and other tokenized products into MoonPay Trade. Institutional users will be able to exchange between stablecoins such as USDC, USDT, and benji through MoonPay's on-chain trading infrastructure. MoonPay Trade was launched at the end of May, positioned as an institutional-grade on-chain execution platform supporting cross-chain routing, trade execution, settlement, collateral transfer, and tokenized asset trading.

June 2nd, the three major A-share indices moved differently, with the Shanghai Composite Index falling slightly by 0.04% at midday, the Shenzhen Component Index rising by 0.96%, the ChiNext Index up by 2.15%, and the STAR Market 50 increasing by 1.39%. The total market turnover was 18.205 trillion yuan, with about 4,100 stocks declining. Components, CPO, AI PC, and other sectors took turns being active, while film and television theaters and football concepts weakened.

BlockBeats reports that Solana developer cavemanloverboy proposed SIMD 547, aiming to improve the SOL economy by charging a basic resource consumption fee and burning it in full: each transaction would cost 0.1 lamport/cost unit and be burned. Currently, the daily burn is about 648 SOL, far below the inflation rate of 60,000 SOL per day. If implemented, the daily burn would increase to approximately 1,500–1,800 SOL, market maker fees would decrease by 3–5%, and ordinary user transaction costs would rise significantly, with scenario increases potentially exceeding 600%. This mechanism needs to be enabled after the Alpenglow upgrade and is still under community discussion.