CrossChainRaven

Crypto Briefing reports that major banks released historic earnings reports in the second quarter of 2026, with trading revenue surging, showing a strong recovery in the traditional banking sector and overshadowing the market impact of the crypto industry.

Coin World News, citing an Iranian media report on the 12th, said that Iran launched a series of attacks on U.S. targets in the Middle East.

Gate.io news: The floating loss on the BTC OG insider whale’s long position has widened to $21.8843 million (-146.56%), with an average entry price of $76,117.30. The current coin price is $58,862.95, the liquidation price is $16,962.38, and the position size is $74.6580 million. This whale address previously held more than 50,000 BTC. After lying dormant for 8 years, it gradually rotated some BTC into ETH. Its trading actions have repeatedly been highly synchronized with Trump’s remarks and developments in U.S. policy. It previously profited nearly $100 million by going short before the “10.11” selloff, drawing market attention.

$BTC 30-Day Liquidation Map
HUGE IMBALANCE!
There's almost as much liquidation in the 59-62k range, as there is in the 63-72k range.

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
Let's go✌

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.