Bitcoin

U.S. House of Representatives proposes 20-year holding period for strategic Bitcoin reserve

On June 5, according to the official website of the U.S. Congress, the full text of the U.S. House of Representatives’ American Reserve Modernization Act (H.R.8957, ARMA) has been made public. The bill was proposed by Representative Nicholas Begich of Alaska on May 21 and has been forwarded to the House Financial Services Committee for review. The main contents of the bill include: incorporating the government’s bitcoins obtained through criminal or civil confiscation into the strategic bitcoin reserve managed by the Treasury Department, setting a 20-year minimum holding period during which no sale or disposal is allowed; establishing a quarterly reserve certification mechanism and introducing third-party independent audits; allowing states to voluntarily hold their bitcoins in separate accounts in the federal reserve. In terms of forward-looking provisions, the bill requires the Treasury and Commerce Departments to jointly study within 180 days feasible paths to increase Bitcoin holdings in a budget-neutral manner, including conversion of non-Bitcoin digital assets, forfeiture of proceeds, voluntary donations, tax or tariff revenue, and the use of Federal Reserve or gold certificate-related mechanisms. Analysts pointed out that compared with the previous "BITCOIN Act" that required the purchase of 1 million Bitcoins, ARMA is more moderate and more politically feasible, but still leaves room for the federal government to increase its holdings of Bitcoin in the future.

CleanSpark: A total of 654 BTC were sold in May, and the total Bitcoin holdings reached 13,470

CleanSpark, a Bitcoin mining company listed on Nasdaq, released an unaudited operational update for May 2026, disclosing that the mining output in May was 671, but it sold 404 spot Bitcoins during the same period, and sold 250 Bitcoins based on option exercise rights. As of May 31, the total Bitcoin holdings reached 13,470. CleanSpark disclosed that it has appointed a new senior vice president of finance to enhance its artificial intelligence data center project financing capabilities, aiming to transform into an AI and digital infrastructure platform.

Michael Saylor: The decline of Bitcoin is due to the flow of funds to AI, which is a rotation of capital rather than its own damage

On June 4, Strategy founder Michael Saylor issued an article stating that the capital market is providing funding for AI infrastructure construction on an unprecedented scale, with financing scale of approximately US$400 billion in the past six months. Saylor pointed out that since May 14, Bitcoin ETFs have experienced approximately $4 billion in outflows, putting pressure on BTC prices. But he believes that this is a capital rotation, not a loss of Bitcoin itself. "Volatility creates opportunity," Saylor said.

Founder of CryptoQuant: Bitcoin OG and miners’ chips are moving to ETFs and institutions, and they are firmly optimistic about the new round of BTC prices

Ki Young Ju, founder and CEO of CryptoQuant, posted on the Therefore, I disagree with the view that "after the change of hands, there will be no new liquidity coming in, and Bitcoin will no longer perform well." No matter what the asset is, ultimately the key is “who is holding it.” If the current holders are the main body that can bring greater capital inflows in the future, then the next round of rise may restart at any time. The same is true for companies. Who the major shareholders are will directly affect market expectations. I don't think Bitcoin is that different. Frankly speaking, from the perspective of asset appreciation, traditional financial institutional investors may even bring a stronger demand base than the Bitcoin OG group. Of course, in this process, Bitcoin’s original cyberpunk values ​​may be partially diluted, which is indeed regrettable. However, I still believe that Bitcoin will definitely have another rising cycle in the future. As an investor, I still believe in Bitcoin and think it’s worth the wait.

The U.S. Treasury Secretary urges the passage of the Clarity Act this summer, and the strategic Bitcoin reserve plan is being prudently advanced

On June 4, U.S. Treasury Secretary Scott Bessent urged Congress to support the Digital Asset Market Clarity Act (Clarity Act) at a Senate Finance Committee hearing and expressed hope that the bill will be passed this summer. The bill aims to establish a regulatory framework for the digital asset industry at the federal level for the first time. In addition, Bessent said that the U.S. Treasury Department is advancing the strategic Bitcoin reserve plan at a “deliberate speed.” He said the relevant work process is complex, but the government is following best practices to ensure the long-term sustainability of the program. Previously, the Trump administration had signed an executive order to establish a strategic Bitcoin reserve primarily backed by Bitcoin obtained by the government through criminal and civil forfeiture.

Ethereum

Anchorage Digital’s associated wallet pledged 55,594 ETH to the Ethereum beacon chain, equivalent to approximately US$109.9 million

On June 3, according to Onchain Lens monitoring, the wallet associated with Anchorage Digital pledged 55,594 ETH to the Ethereum beacon chain, which is worth approximately US$109.9 million at current prices.

F2Pool Lianchuang Wang Chun withdrew 9719 ETH from Binance half an hour ago

According to Ember Monitoring, F2Pool Lianchuang Wangchun’s address withdrew 9,719 ETH worth US$16.16 million from Binance half an hour ago, and then deposited it into Spark.

The new US stock trading king Serenity buys ETH and BTC at the bottom

On June 4, according to monitoring by on-chain analyst @ai_9684xtpa, the new US stock trading king Serenity (@aleabitoreddit) bought ETH and BTC at the bottom. The $ETHA point was $1,750 and the $IBIT point was $62,000. Bad news: It's just a short-term swing, and there is no intention to hold it for a long time. BTW: ETHA and IBIT are spot ETFs launched by BlackRock.

FG Nexus sold ETH and suffered a book loss of over US$85 million

On June 4, according to @Lookonchain monitoring, the Ethereum reserve strategy of the institution/whale FG Nexus has currently incurred a cumulative loss of more than US$85 million. FG Nexus bought 50,770 ETH at an average price of US$3,860 from August to September 2025, with a total investment of approximately US$196 million. Subsequently, it continued to reduce its holdings since November 2025. So far, a total of 36,025 ETH has been sold, with an average selling price of approximately US$2,330, and a recovery of approximately US$83.92 million.

Anchorage Digital’s associated wallet pledged 55,594 ETH to the Ethereum beacon chain, equivalent to approximately US$109.9 million

On June 3, according to Onchain Lens monitoring, the wallet associated with Anchorage Digital pledged 55,594 ETH to the Ethereum beacon chain, which is worth approximately US$109.9 million at current prices.

Other projects

Informed sources: Stripe, Visa and Mastercard are about to launch stablecoin platforms

On June 4, according to three people familiar with the matter, global payment networks Stripe, Visa and Mastercard are about to launch new stablecoin platforms. U.S.-listed cryptocurrency exchange Coinbase (COIN) is also considering the possibility of participating in a stablecoin platform. Coinbase, Stripe and Visa declined to comment. Mastercard had not responded to a request for comment as of press time.

Binance announced that its users will be able to trade more than 7,000 U.S. stocks and ETFs with crypto assets and plans to launch a stock tokenization product bStocks

Cryptocurrency exchange Binance announced on Monday that its users will be able to trade more than 7,000 U.S. stocks and ETFs through crypto assets. Trading of stocks on Binance will be arranged by a broker-dealer called Nest Trading, and New York-based firm Alpaca will handle custody and handle dividend payments and corporate actions. Customers can purchase these shares using the stablecoins USDC or USDT, or with several other digital currencies, including BNB. Binance co-CEO Richard Teng pointed out that these transactions will have zero commissions and investment starting from as low as $5. While announcing its U.S. stock trading plans, Binance also described a bold initiative called bStocks that would allow users to tokenize the stocks they buy. This means that users will soon be able to convert certain stocks into digital tokens on the BNB blockchain, creating synthetic versions of those stocks.

Galaxy announces the launch of institutional-grade OTC prediction market trading service

On June 3, Galaxy yesterday announced the official launch of institutional-level OTC prediction market trading services through the Global Markets trading department. Hedge funds, family offices, and other institutional clients can now participate in liquidity trading in prediction markets at institutionally appropriate transaction sizes and with greater privacy. This product covers non-sports event contracts on Kalshi and Polymarket, covering economics, politics, geopolitics and other event-driven markets, and will be connected to more platforms in the future. In addition, these positions can be combined with hedging in equities, commodities and other assets, allowing clients to build complete risk management strategies around a single event, rather than having to manage exposure separately in siled asset classes.

S&P Global launches credit memo generation tool powered by intelligent agent-like AI

On June 4, S&P Global launched a credit memo generation tool powered by intelligent agent-style artificial intelligence.

Generalist, an AI robot startup backed by NVIDIA, completed US$400 million in financing and was valued at US$2 billion

Generalist AI, an AI robot startup, announced the completion of a new round of financing of US$400 million, with a valuation of US$2 billion. The round was led by Radical Ventures, with participation from 8VC, Union Square Ventures, Hanabi Capital and existing investors Nvidia and Bezos Expeditions. Generalist AI is currently focused on applying advanced artificial intelligence technology to the field of robotics and developing AI models that can handle increasingly complex tasks. This financing will be used to accelerate the company's technology research and development and the expansion of robot intelligence capabilities.

U.S. financial technology company Ramp is valued at US$44 billion in a new round of financing

On June 4, the US financial technology company Ramp was valued at US$44 billion in a new round of financing.

IREN completes US$3.65 billion in investment-grade GPU financing to support Microsoft AI cloud contract

Bitcoin mining company IREN announced the completion of investment-grade GPU financing totaling US$3.65 billion to support its AI cloud contract signed with Microsoft. The financing included US$2.1 billion in US private placement bonds and US$1.55 billion in delayed withdrawal term loans, with a comprehensive debt cost of 6.00%. It is reported that this financing has been awarded A-level and A (low) ratings by Fitch and DBRS respectively, making it the investment-grade GPU financing project with the highest publicly disclosed rating and the first GPU financing case in the U.S. private equity market. IREN stated that the financing is secured by GPU assets and related contract cash flow, which will help optimize the capital structure and support the company's expansion of AI Cloud capacity to 480MW by the end of 2026.