Crypto News & Market Updates

Odaily Seer Channel monitoring shows that Polymarket has released a new prediction event for "Who will attend the White House UFC Freedom 250". The UFC 250 Freedom Celebration, known as "UFC White House Night," is scheduled for June 15 Beijing time (14th Eastern Time) at a 5,000-seat temporary stadium set up on the South Lawn of the White House in the United States, commemorating the 250th anniversary of American independence and celebrating Trump's 80th birthday. This historic event was led by lightweight champion Ilya Topulia versus Justin Gage. With only about 4,300 seats invited on-site, mostly allocated to active military personnel and certain political figures, the market was focused on predicting which entertainment and sports superstars would secure tickets and attend in person within the 11-day window before the main event. Odaily Seer Prophet Channel continuously monitors the forecast market, seeing changes before pricing.

Odaily Planet Daily reports, citing Iran's Mehr News Agency on the 3rd, the draft regarding the management of the Strait of Hormuz has now entered the review stage of Iran's Supreme National Security Council and will be submitted to the full parliamentary session for review and vote once the final opinions are formed. The report states that work on drafting this draft has been ongoing for some time. Several specialized committees of the Iranian parliament participated in the research and evaluation of the draft, including the National Security and Foreign Policy Committee, the Construction Committee, and the Interior Affairs Committee. The report said that the above committee and some members had previously proposed different versions of the draft proposals and proposals, which, after coordination and integration, have formed a unified text. (Xinhua News Agency)

BlockBeats reported that on June 3, Tether partnered with Fasset to launch the world's first gold-backed Visa card that allows users to spend fiat currency at global Visa merchants and receive up to 6% cashback in the gold token XAUT on eligible transactions. The card supports real-time conversion of XAUT to USDT and then to fiat currency, and also features an automatic consolidation function, allowing you to invest fractions of your trading fraction in the gold token XAUT, enabling passive gold accumulation in daily consumption. Tether has pledged up to $1 million in XAUT to reward ecosystems, helping tokenized gold become more widespread in emerging markets. Currently, the total market capitalization of tokenized gold exceeds $5.3 billion, with XAUT accounting for more than $2.6 billion.

Odaily Planet Daily reports that Grayscale Chairman Barry Silbert posted on X that Grayscale's HYPE ETP is going live today, with the code HYPG.

According to Bijie.com, citing Western officials and the latest data released by the International Atomic Energy Agency (IAEA), the risk of Iran secretly developing nuclear weapons today is higher than when the U.S. and Israel launched their first military attack on Iran a year ago. The documents show that the IAEA has warned member states that Iran's massive stockpiles of uranium close to nuclear bomb size pose a new threat of nuclear proliferation. Before the 12-day war that begins in June 2025, the material will undergo weekly inspections by the International Atomic Energy Agency to ensure it will not be used to manufacture weapons. But now, that is no longer the case. According to two senior diplomats familiar with the report, the IAEA report highlights how the US-Israel war with Iran has created new nuclear issues that did not exist before. They stated that the longer nuclear materials remain outside the IAEA's regulatory scope, the higher the risk of them being used for non-peaceful purposes.

According to Bijie.com, the new PAC organization "Defend Developers PAC" will support members of Congress who provide legal protections for blockchain developers and decentralized finance (DeFi) builders. The PAC plans to spend over six figures in dozens of midterm elections, primarily funded by founders, builders, and executives in the crypto industry. Its support may help push developer protections into the final version of the Clarity Act.

Odaily Planet Daily reports that BNB Chain posted on the X platform that BNB Chain has launched the BNB Hack: AI Trading Agent season. This event is based on the BNB Chain, CoinMarketCap, and TrustWallet technology stacks, supporting AI to automatically formulate strategies and execute trades. The event features two major tracks, running from June 3 to 21, with a total prize pool of $36,000, plus API points, one-on-one mentor guidance, and ecosystem resource support.

According to Bijie.com, the survival of the Clear Act depends on the U.S. Senate completing a large amount of non-crypto work at some point. Progress on the Digital Asset Market Clarity Act has become a difficult mathematical problem to solve, and there is not enough time in the Senate's work calendar to allow passage. Nevertheless, the bill has officially been submitted to the Senate calendar, and industry lobbyists are still striving for a last-minute victory. The Senate has about eight weeks before the summer recess, and as election season approaches, willingness to cooperate on legislation may be affected. The Clarity Act requires multiple procedural steps, which can only begin once the Market Structure Act is finalized. The bill aims to establish a tailored regulatory framework for cryptocurrencies in the United States and has gained significant bipartisan support. Nevertheless, many Senate affairs are competing for time and attention.

According to Bijie.com, 99bitcoins reported that US spot crypto ETFs saw a single outflow of $3 billion, with Bitcoin and Ethereum ETFs recording a combined net outflow of $609.3 million, causing Bitcoin's price to drop to $65,700 and Ethereum's drop below $1,900. In June, total Bitcoin outflows exceeded $1 billion, making it one of the institutional crypto redemption windows this year. Blackstone's iShares Bitcoin Trust led the selling, with withdrawals totaling $388.6 million, accounting for nearly 75% of the total Bitcoin ETF redemptions that day. Analysts point out that institutions like Blackstone, Fidelity, and Grayscale are withdrawing funds from mainstream legitimacy products that retail investors have been informed about, drawing widespread market attention.