Crypto News & Market Updates

Odaily Planet Daily reports that Japanese Prime Minister Sanae Takaichi will take appropriate measures for the foreign exchange market at any time as needed. (Jin Shi)

According to ChainCatcher and BIT analysis, a notable feature of Bitcoin over the past four years has been that most of its gains have been concentrated in a short period of rapid surge, followed by a prolonged consolidation period. A similar pattern follows during pullbacks: prices usually start with a rapid drop, releasing most of the downward pressure at once, and then gradually stabilize. This round of correction is mainly influenced by two factors: first, the US April CPI, released in May, was higher than expected; Second, market concerns about Strategy's Bitcoin sale and potential selling pressure afterward. As a result, spot Bitcoin ETFs quickly shifted from net buying to significant net selling, with a cumulative net sale of about $1.5 billion so far this year, putting significant pressure on the market. Currently, Bitcoin remains under pullback pressure, with $63,445 as the lower support level to watch going forward. Whether this level can be held will affect the market's assessment of the depth of this correction: if prices stabilize near this area, this pullback is still a phased correction; If it effectively breaks below it, it may enter deeper correction and consolidation.

BlockBeats reported on June 3 that since January this year, Binance has successively launched 69 TradFi perpetual contract products (excluding the 6 products announced today), including bulk assets such as gold, silver, and crude oil, as well as popular US stocks, Korean stocks, and index ETFs. Most of these products are actively traded on Binance. As of press time, the top five active products today are CTI crude oil, gold, MRVL, silver, and Micron. Twelve products had a 24-hour trading volume exceeding $100 million, while only nine had a trading volume under one million USD. It is worth noting that even for DEX projects focused on TradFi perpetual contracts, trade.xyz currently only has about 80 TradFi perpetual contract varieties, including several that have not yet been officially traded (such as MINIMAX). In terms of trading activity, most trade.xyz instruments are lower than Binance, but mainstream trading pairs on Binance still lead in open interest volumes for S&P 500 and XYZ100 index contracts.

According to Binance, Franklin Templeton CEO Jenny Johnson stated at the Proof of Talk summit in Paris that Wall Street's fear of blockchain stems from its threat to traditional profit models. She pointed out that major financial institutions' hesitation to deploy decentralized networks is precisely because public blockchain architectures directly challenge existing profitability. Johnson also mentioned that Franklin Templeton's history of running its tokenized money market fund Benji on public networks demonstrates significant cost savings. She emphasized that the transfer of institutional wealth to digital assets will depend entirely on establishing a standardized, low-cost compliance framework for traditional investment funds.

Odaily Planet Daily reports that Dave Sloan, Senior Economist at economic research firm Continuum Economics, expects that US ADP private sector employment in May will increase by about 100,000, roughly matching the 109,000 increase in April. The increase in April was the strongest performance since January 2025. However, he pointed out that this estimate is still below the growth momentum implied in ADP's weekly employment report for the week ending May 9. Based on an average of 37,750 new jobs added per week over the past four weeks, the corresponding monthly increase should be even stronger. He added that it is worth noting that the weekly ADP employment data released in early April showed a similar trend to early May, so historically, May's ADP employment growth may still be expected to remain at a level close to April. (Jin Shi)

Odaily Planet Daily reported that BitcoinTreasuries.NET posted on X stating that West Main Self Storage increased its holdings by 0.146 BTC, bringing its current total holdings to 14.767 BTC.

According to Bijie.com, Perplexity announced the introduction of a device-cloud hybrid inference architecture for its desktop agent environment, Perplexity Computer. This system can automatically identify task types and privacy sensitivities, offloading computation to local devices or cloud large models, and is expected to launch first on Intel and NVIDIA RTX Spark hardware in July 2026. Hybrid inference delegates tasks such as privacy scanning and personal identity filtering to local models, ensuring sensitive data remains on devices and diverting complex inference and search tasks to the cloud-based frontier model. In the official demo video, the local sub-agent actively intercepts sensitive files upon detection and only sends the desensitized commands to the cloud. The new architecture extends the decision-making range from the selection model to determining the computation location. Perplexity plans to integrate on-premises and cloud computing power, running low-cost tasks locally and only calling the cloud when necessary, to reduce overall inference costs and protect data sovereignty.

According to Binance, well-known trader Loracle increased his holdings in NEAR long positions by 108,957.40 on the HyperLiquid platform, equivalent to approximately $283,877.27. The current open interest size is $1,826,970.93, with the average price adjusted from $2.70 to $2.72. The current P/L is +$59,468.68 (+32.55%), the current token price is $2.81, and the liquidation price is $0.

According to ChainCatcher and FinanceFeeds, Tether-backed South American agricultural company Adecoagro plans to launch a Bitcoin mining business in Brazil powered by sugarcane processing electricity, with an initial capacity of 10 megawatts and about 1,280 mining rigs, expected to start around July 1, 2026. Adecoagro operates in sugar, ethanol, rice, dairy, and renewable energy, and Tether previously acquired a majority stake in the company. The mining project will use electricity generated from sugarcane residue (bagasse), and the company has over 230 megawatts of renewable energy generation capacity in South America. Brazil is one of the world's largest sugarcane producers and has a mature ethanol and bioenergy industry. If the pilot succeeds, other agricultural and renewable energy producers may view mining as a flexible source of demand for surplus electricity.