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Fund strategist Tom Lee warns that a sudden bear market may occur later this year, pointing out that the market's communication and intentions regarding new Federal Reserve Chair Warsh are misunderstood, viewing him as hawkish but expecting him to promote modernization of data monitoring and forecasting more flexibility. The S&P 500 remains at 7,500 points, with mixed market signals. He predicts that conditions will change significantly later this year but is reluctant to explicitly state a top. He notes that SpaceX's IPO demonstrates market strength and lists four catalysts, including the restructuring of the Federal Reserve, upcoming unlocked IPO shares, and supply chain disruptions in the Strait of Hormuz.

CoinWorld News, the Cyberspace Administration of China has issued a notice regarding the "Regulations on Promoting Interoperability and Mutual Recognition of Distributed Digital Identities (Draft for Comments)," inviting public feedback. The aim is to promote innovative development and interoperability of distributed digital identities, support the construction of foundational public services for the national blockchain network, and facilitate cross-platform interoperability and mutual recognition of digital identities across various fields of the national economy and society. The regulations specify that distributed digital identities are a new type of digital identity based on blockchain and other distributed technologies, supporting users to autonomously manage their identity information. They consist of identifiers, keys, verifiable credentials, and verifiable statements, and can be used in scenarios such as digital account management, login authentication, and data authorization, addressing issues of identity interoperability and mutual recognition across regions, industries, and platforms. The deadline for feedback is July 18, 2026.

CryptoWorld News: Ethereum Layer 2 network Base has deployed its second network upgrade, Beryl, to the Base Sepolia testnet, with plans to activate it on the mainnet on June 25. This upgrade will introduce the B20 token standard, which can be used to directly issue stablecoins and other assets within the Base node software. B20 is compatible with ERC-20 and supports signature authorization, minting and burning, supply cap, transfer policies, and freeze/hold functions. Beryl will also reduce the standard withdrawal waiting time from Base to Ethereum from 7 days to 5 days and introduce RETH v2 to decrease node disk usage.

CryptoWorld News: Recently, Bitcoin's price broke through $64,000, and approximately $30 million in short positions were liquidated in the past hour.

CryptoWorld News: GameStop announces renewal of its Bitcoin-related agreement, which has little impact on its record-breaking quarterly performance.

Blockchain security company Chainalysis announces the signing of a Memorandum of Understanding (MoU) with the Korea National Police Agency (KNPA), aiming to enhance cooperation in combating various cryptocurrency crimes, including North Korea state-level threats and scams targeting retail investors, by establishing global asymmetric illicit fund flow visualization and investigative capabilities. Under the agreement, Chainalysis will provide customized training courses, professional certification programs, and practical exercises for Korean police. (Cointelegraph)

Coin World News: Polish Prime Minister Donald Tusk: The Ukraine war cannot be resolved without Poland’s involvement.

Zcash has officially finalized the Ironwood network upgrade plan, targeting activation in July. This upgrade is intended to address the “infinite minting” vulnerability crisis previously faced by the Orchard privacy pool. Ironwood will roll out a repaired new privacy pool and gradually shut down the old one. After the upgrade is completed, users and nodes running Zcash software will be able to aggregate the balances of both the new and old pools and independently verify whether the total circulating supply of ZEC exceeds the hard cap of 21 million ZEC, thereby restoring market confidence in Zcash’s fixed-supply mechanism while maintaining decentralization. (The Block)

Wu Shuo has learned that the Sui ecosystem liquidity staking protocol Haedal Protocol issued an official statement saying that it detected an abnormal liquidity decrease in a small number of Haedal Vault pools. It has temporarily paused the relevant contracts to investigate the cause and prevent further impact. Haedal stated that the incident only affected a few Vault pools; other products and modules were not affected, and any related direct losses will be fully covered by Haedal.

BVIV rose nearly 20% on Tuesday, with the 30-day implied volatility rising to 46.45%, signaling a return of panic sentiment after two months of calm. Although BVIV remained low when the spot price dropped from 82k to 75k last week, on Tuesday, as the spot fell to 66k, BVIV surged sharply and approached the VIX, indicating an inverse correlation with the spot; whether the next phase will be single-day volatility or sustained volatility remains to be seen.

Mars Finance News: On June 2nd, Mitsubishi Heavy Industries announced that it has reached a commercial alliance agreement with Japanese AI company Preferred Networks to jointly develop cutting-edge artificial intelligence technology, aiming to establish a capital and business alliance by the 2026 fiscal year. The statement said that the two companies will explore joint development of autonomous AI-driven machinery and systems for critical tasks, combining Mitsubishi Heavy Industries' hardware, control, and simulation technology with Preferred Networks' self-developed AI foundational models, AI chips, and computing infrastructure. (Broad Perspective Observation)

CryptoWorld news: Local authorities in Ukraine have urged residents in Kyiv to enter shelters for safety; the Kyiv air raid alert has been sounded.