Odaily Planet Daily News: SlowMist posted on X platform, stating that its threat intelligence system has detected a new Rust supply chain malware activity named IronWorm. This malware actively attacks developer environments and the Web3/crypto ecosystem through malicious npm packages. Potential attack behaviors include credential theft, wallet seed phrase and password theft, GitHub repository tampering, malicious package publishing, CI/CD key theft, Tor-based command and control, and covert persistence via eBPF rootkits.

SlowMist recommends that security teams audit repositories for backdated commits, suspicious branches, abnormal build hooks, and commits attributed to automated identities such as claude, dependabot, renovate, or github-actions; remove or deprecate affected package versions, publish clean versions, rotate all exposed keys and tokens, review GitHub Actions build artifacts, and rebuild potentially compromised developer or CI systems from clean images. This threat was discovered and analyzed by JFrogSecurity.

Odaily Planet Daily News: According to official sources, OKX has officially launched the "Rookie Showdown" event. From now until June 13, 2026, 23:00 (GMT+8), new users who complete designated tasks can claim a welcome package worth 35 USDT, including crypto purchase coupons, trial trading funds, and strategy airdrop vouchers. In addition, new users can also participate in the exclusive trading leaderboard to share a 50,000 USDT prize pool, and have the chance to win rewards such as POP MART Star Figure merchandise.

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This sell-off occurred after BitMEX co-founder Arthur Hayes publicly challenged Kyle Samani to a $100,000 charity bet, claiming HYPE would outperform all other top ten cryptocurrencies by market cap before the end of the year. Kyle Samani accepted the challenge and bet on SOL.

According to Arkham monitoring, the Zcash block explorer shows that no new blocks have been produced for several hours.

Odaily Planet Daily News: Nine Democratic members of the U.S. House of Representatives have called on the Federal Trade Commission (FTC) to investigate prediction markets, reviewing whether their advertising campaigns are consistent with the statements they make to regulators. Representatives Kevin Mullin and Gabe Vasquez stated that prediction market platforms present themselves to regulators as financial instruments offering investment products, yet advertise to the public as gambling platforms. This contradictory information could mislead consumers.

The lawmakers have requested that the FTC provide a detailed response by June 29 on whether it plans to launch an investigation or take enforcement action against prediction markets. Prediction markets have recently come under scrutiny over insider trading issues, and Congress launched investigations into Polymarket and Kalshi in May. (Cointelegraph)

According to Binance perpetual contract data, the latest funding rate for the LABUSDT perpetual contract is -0.87356% per hour, which translates to an annualized rate of approximately -7651.55%.

Odaily reported that according to official sources, BitMart IPOPrime has officially launched a limited-time subscription event for SpaceX (bSPCX). bSPCX is backed by the actual equity of SpaceX as underlying assets, allowing users to gain exposure to real equity rights related the target company, rather than merely a price-mapping product.

This project does not include a long-term lock-up mechanism commonly found in similar market products. Once SpaceX completes its IPO and meets relevant conditions, users can participate in trading without waiting for an additional underlying lock-up period. At the same time, leveraging the resource advantages of BitMart and its partner institutions, bSPCX offers more competitive subscription pricing, providing users with a more flexible and user-friendly opportunity to participate in the SpaceX IPO.

Arthur Hayes posted on X platform saying he has closed all his HYPE and NEAR positions and will explain the reasons in his article "Reality Test" to be released next Tuesday.

Arthur Hayes stated that the Iran war and inventory replenishment will push energy prices higher; three major AI companies will go public between now and early Q3; he predicts Trump will turn anti-AI to help the Republican Party win the midterm elections; he believes the market peak will occur between now and September; now is the time to take profits, allowing one to step back without worrying about positions.

Odaily, according to an official announcement, Coinbase has announced that trading for the SpaceX Pre-IPO perpetual contract SPCX-PERP will launch on or after June 4, 2026, at 14:00 (UTC+8). The market will open for trading in regions where liquidity conditions are met and local regulations support it.

Odaily reported on June 3 that Bitmine, an Ethereum treasury company under Tom Lee, announced plans to publicly issue 9.50% perpetual preferred shares to raise $300 million, with dividends paid in cash weekly. Earlier at the end of May, Strategy sold Bitcoin for the first time in four years—32 coins worth approximately $2.5 million—to pay preferred share dividends. The news triggered a sell-off: Bitcoin fell below $65,000, dropping over 14% in two trading days.

These two events point to a common dilemma for DAT companies: after mNAV (market cap / cryptocurrency holdings net value, i.e., how much the market is willing to pay for each dollar of coins held by the company) falls below 1, the channel for raising funds through equity issuance is effectively closed. Dividend and debt obligations are rigid expenses, leaving companies with no choice but to sell coins to meet them, which in turn exacerbates selling pressure—creating a vicious downward spiral. Currently, the mNAV of Strategy and Bitmine stands at 0.82 and 0.80, respectively.

SoSoValue researchers believe that the funding side of this Bitcoin cycle has been driven by two engines in sequence: first, DAT companies borrowing to buy coins, followed by sustained net inflows into spot ETFs. Now, both engines have simultaneously stalled. SoSoValue's ETF dashboard and crypto stock dashboard show that BTC spot ETFs have experienced net outflows for 12 consecutive days, with cumulative net outflows approaching $4 billion; ETH spot ETFs have seen net outflows for 16 consecutive days, totaling approximately $800 million. Meanwhile, the DAT camp, led by Strategy and Bitmine, has collectively fallen below mNAV. With both major sources of incremental funding drying up simultaneously, whether the crisis facing DAT companies marks the bottom of this crypto cycle remains to be seen.

Odaily Odaily News According to official sources, Gate's Stock Derivatives Zone will launch perpetual contract trading (USDT-settled) for NOW (ServiceNow), CRM (Salesforce), ONDS (Ondas), LUNR (Intuitive Machines), RDW (Redwire Space), URNM (Sprott Uranium Miners ETF), XLE (Energy Select Sector SPDR Fund), and ADBE (Adobe) at 14:00 (UTC+8) on June 4, supporting 1-20x leverage.

1. CryptoQuant Founder: Bitcoin OG selling is part of institutional accumulation process, next rally still expected;

2. Only about $20 away from liquidation price, Machi Big Brother continues to reduce ETH long positions;

3. CBB: Retail investors have already left the crypto market, bulls are waiting for new large capital inflows;

4. CryptoQuant Founder: Short-term holders in this cycle are gradually transitioning into long-term holders;

5. Sources: Bank of Japan considering June rate hike, with possibility of further increases later;

6. Coinone announces strategic partnership directions with Korea Investment Securities, OKX, and Com2uS Holdings;

7. SOL ecosystem token three breaks $10 million market cap, surging over 170% in 24 hours;

8. Challenger to Garret Jin’s counterparty Evaded closes Oracle long position, reopens ZEC long with $100,000 floating profit;

9. Machi Big Brother opens $3.16 million ETH long position at average price of $1,811, liquidation price at $1,762;

10. FG Nexus Ethereum reserve operations accumulate losses exceeding $85 million.

Odaily reported that Ki Young Ju, founder of CryptoQuant, posted on platform X stating that the selling by Bitcoin OGs and old miners is essentially a process of absorption by traditional U.S. financial institutional investors and ETFs. He disagrees with the view that "Bitcoin lacks liquidity and cannot rise," pointing out that the key to asset value lies in who holds it.

He believes that the institutional investors now holding Bitcoin could form a stronger demand base. Although the cyberpunk value of Bitcoin may be somewhat diluted in this process, the next round of upward movement will still arrive. As an investor, he remains bullish on Bitcoin and advises holding with patience.

Odaily Planet Daily News According to on-chain data, Machi Big Brother reduced his long position by 300 ETH at an average price of $1,786. He currently holds an ETH long position worth $6.62 million at an average price of $1,812, with a liquidation price of $1,769. The floating loss is approximately $87,000.

Odaily reported that trader CBB posted on platform X, stating that retail investors have long left the cryptocurrency market.

He believes that currently, most bulls in the crypto market are hoping for new large capital inflows to provide liquidity support. He also remarked that the crypto industry presents a rather unique market ecosystem.

Odaily Odaily News: CryptoQuant founder Ki Young Ju stated that although the price of Bitcoin is essentially the same as two years ago, the holding structure has undergone a significant change.

Data shows that investors who have held Bitcoin for 6 months to 2 years now account for 53% of Bitcoin's realized market cap, up from 15% two years ago. Ki Young Ju pointed out that in the previous cycle, this proportion reached 68% when Bitcoin hit its bottom.

He believes this indicates that short-term holders in the current cycle are gradually transitioning into long-term holders.

Odaily Seer monitoring shows that the probability of "SpaceX raising $70B-$80B in its IPO" on Polymarket is now at 88%, up 20% intraday.

The market settles based on the total funds raised at the time of SpaceX's IPO pricing, according to data disclosed in the SEC's final prospectus. Over-allotment option shares are not counted, nor are private secondary transactions. If the amount raised falls exactly at a boundary point, it settles at the higher bracket; if the IPO is not completed by December 31, 2026, it settles at the lowest bracket.

Previous news: Elon Musk's SpaceX disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday that it plans to fix the offering price at $135 per share (consistent with the price disclosed by sources) before officially launching IPO roadshow activities. SpaceX stated it plans to issue 555.6 million shares, thereby raising $75 billion.

Odaily Seer continues to monitor the prediction market, seeing changes before the price is set.

Odaily Planet Daily News According to informed sources, Bank of Japan officials are preparing to consider a 25 basis point increase in the benchmark interest rate this month and believe further rate hikes are possible later this year. The sources said the Bank of Japan may discuss raising the policy rate to 1% at the meeting concluding on June 16. Officials also believe that, given real interest rates remain low and inflation faces ongoing upside risks, there is room for further rate increases. Due to the high uncertainty surrounding the situation in the Middle East, officials will screen as much data and information as possible until the last moment before making a final decision. They indicated there may be some dissenting voices against the rate hike at the meeting, but not enough to sway the decision. Another key focus of the meeting will be the Bank of Japan's latest plan for tapering its bond purchases. According to informed sources, officials believe it is not necessary to maintain the current pace of purchase reduction from April next year. The sources stated that policymakers believe the functioning of the Japanese government bond market has improved, so they may consider slowing the pace of reductions, or even pausing them entirely. (Jin Shi)

Odaily Odaily reports that on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.