PerpColdHands

The New York State Department of Financial Services (DFS) announced a new rule proposal aimed at upgrading and adjusting New York's current dollar stablecoin regulatory framework in accordance with the requirements of the GENIUS Act.
The proposal retains New York's previous strict requirements for compliant dollar stablecoins regarding asset backing, convertibility, permitted reserve asset types, and independent audits, while introducing new federal provisions, including limiting the maximum proportion of reserve assets that can be held in a single custodian and requiring issuing entities to establish comprehensive risk management plans covering internal controls, information security, internal audits, asset growth, related-party transactions, and service provider arrangements.
The proposal is now open for a 10-day pre-proposal public comment period.

CryptoWorld News, Applied Digital has signed a 15-year lease with a major U.S. cloud computing company, with an initial value of approximately $5.2 billion and an addition of 210 MW of AI computing power. After the announcement, the stock price rose by 8.7%. This lease is related to the Delta Forge 2 plant and is the third long-term lease for the same investment-grade cloud computing provider, using a "pay or promise" structure. If all renewal options are exercised, the total revenue over 30 years will be about $12.7 billion. Currently, approximately 70% of the contract revenue comes from U.S. investment-grade cloud computing companies.

Crypto World News reports that, according to The Energy Mag, Bitdeer (Nasdaq: BTDR) announced on June 8th that Chief Operating Officer Chao Su and Chief Business Officer Linghui Kong have resigned for personal reasons and will remain with the company in undisclosed roles. In May this year, Michael G. Potter took over as CFO. Founder and Chairman Wu Jihan has served as CEO since March 2024, leading the company's transition to AI cloud services and high-performance computing, and expanding the production capacity of the Sealminer series ASIC miners.

whales' $BTC short positions have increased again.
Short-term bearish bets have increased.
The upward trend in long positions is also still continuing.
A rally begins when the upward trend in long positions ends.

Key points: Bitcoin ETF experienced a $1.7 billion net outflow in a single week, reaching a one-year high, with BTC falling below $60k; Ethereum around $1,500, possibly dropping to the $1,000 range; Worldcoin plummeted 25%, Arthur Hayes exited; six senators urged the Federal Reserve to rewrite digital asset regulations; SpaceX IPO showed no signs of on-chain divestment; Abraxas Capital took profits on ETH short positions; whales deposited ETH into AAVE V3 and borrowed USDT; Bitcoin price forecasts still suggest that the $60,000 support may come under pressure.

WLFI indicates that it will maintain a risk-based sanctions compliance control mechanism to fulfill legal regulatory obligations in relevant jurisdictions. Transactions involving sanctioned individuals, entities, or related wallet addresses may be subject to enhanced scrutiny, rejection, restriction, or other compliance measures. Users should ensure that the source of funds and the original wallet address are not associated with sanctioned persons or prohibited activities when transferring digital assets. If transactions or accounts are affected during the compliance review process, WLFI's support team will assist with subsequent steps.

According to Galaxy Research monitoring, a Casascius physical Bitcoin with a face value of 25 BTC was unsealed and transferred on the blockchain, valued at approximately $1.78 million. Casascius Coin is an early physical collectible of Bitcoin, containing a real BTC private key inside; the holder can extract the asset after removing the tamper-evident holographic sticker. The series was discontinued in 2013, and there are still tens of thousands of BTC sealed inside unopened Casascius physical coins.

ME News message, June 2 (UTC+8). According to the Financial Times of the UK: insiders say that the refined oil pipeline routed around the Strait of Hormuz will become the next key project for Abu Dhabi National Oil Company. The pipeline will be similar to other refined oil pipelines such as the Columbia Pipeline in the United States, and will be able to switch transportation between different types of refined oil. (Jin10) (Source: ODAILY)

CryptoWorld News reports that the price of Zcash has fallen to $572.12. This is because the Zcash Foundation has urgently released the Zebra 4.5.1 patch, which fixes a critical consensus vulnerability and highlights the fragility of the network infrastructure. The vulnerability could lead to fork conditions with the traditional Zcashd implementation. The Zcash Foundation advises all Zebra node operators to upgrade to 4.5.1 as soon as possible to address the aforementioned consensus vulnerability. Zcash’s current market capitalization is close to $9.48 billion.

According to Reuters, Japan's ruling Liberal Democratic Party's Blockchain Technology Promotion Group submitted a proposal to the Minister of Finance, suggesting the promotion of Japanese yen stablecoins for cross-border settlements in Asia, and establishing a legal framework that allows trading cryptocurrency ETFs. The proposal believes that crypto ETFs can provide investors with a more understandable investment channel and should be classified as official investment tools in the financial market. Japan plans to promote yen stablecoins and blockchain innovation by the 2027 Asian Development Bank Annual Meeting.

$ETH showing strong bullish recovery after liquidity sweep.
Buyers have reclaimed short-term structure and momentum.
EP
2,005 - 2,015
TP
TP1 2,030
TP2 2,060
TP3 2,100
SL
1,975
Liquidity was swept below 1,976 and price reacted immediately with a strong recovery candle. Structure remains intact above the entry zone, with buyers defending demand and targeting higher liquidity levels.
Let’s go $ETH ‌

Key points include: a series of developments in the crypto space, including Saylor increasing BTC holdings and planning to boost miner output, Circle partnering with Nium to increase USDC supply, Mastercard obtaining a Bitcoin license in New York to promote digital settlements, United Texas Bank converting to a national bank and offering digital asset custody, Ripple sending a letter to the SEC to seek equal treatment for XRP and BTC/ETH, FTX announcing creditor claim timelines, Russia strengthening regulations and shutting down mining farms, Aztec Labs acquiring zkpassport and sticking to open source, Italy’s Banca Sella receiving MICA approval, planning to launch crypto services in 2026, South Korean prosecutors charging the CatFi team, marking the first DEX exit scam case.