A whale opened a long position of 41,113 SPCX with 1x leverage, worth $4.04 million.
According to Onchain Lens monitoring, a whale has opened a 1x leverage long position on 41,113 SPCX, valued at $4.04 million.
[Odaily Planet Daily News]
After receiving 1.01 million HYPE tokens from unstaking, the USDH deployer began transferring and selling a portion of its holdings.
On June 3rd, according to Onchain Lens monitoring, 13 hours ago, the USDH deployment address began transferring some of its HYPE holdings. It received 1.01 million HYPE (US$72.45 million) from unstaking, transferred 209,984 HYPE (US$15 million) to a newly created wallet, and deposited 200,000 HYPE (US$13.76 million) into Flowdesk. Of these, 120,000 HYPE (US$8.25 million) were transferred to Bybit, and 80,000 HYPE (US$5.7 million) are currently being sold on HyperLiquid. [PANews]
The Mondrian Estate, representing the legacy of Dutch painter Piet Mondrian, has partnered with Doodles to launch NFTs on OpenSea on June 4.
According to an official post by OpenSea, the Piet Mondrian Estate / Holtzman Trust—the Netherlands-based organization managing the estate of the renowned Dutch painter Piet Mondrian—has granted its first-ever approval for a collaborative project reinterpreting Mondrian’s original artworks. The collaboration is with the NFT and entertainment brand Doodles, and the fine art platform ElmonX has been authorized to handle market distribution of the series.
The “Piet Mondrian x Doodles” collection will launch exclusively on OpenSea on June 4, released in three batches: limited-edition blind boxes (555 editions) and limited digital collectibles redeemable for physical prints (300 editions).
Established over eighty years ago, the Trust has long been dedicated to safeguarding Mondrian’s legacy in modern art. All five works selected for this collaboration originate from Mondrian’s mature creative period, including his final work, Victory Boogie-Woogie (1942–1944).
[Foresight News]
Gate and Alpaca have entered into a strategic partnership to accelerate the integration of digital assets with traditional finance.
Gate announced a strategic partnership with Alpaca, a brokerage infrastructure provider, to launch stock and ETF trading services for Gate users—bridging the investment gap between digital assets and traditional financial markets. Leveraging Gate’s global digital asset ecosystem and Alpaca’s brokerage infrastructure and market access capabilities, the two parties will jointly deliver a more convenient and efficient multi-asset investment experience.
Through this collaboration, Gate will introduce stock trading services, offering users access to trade over 10,000 stocks and ETFs across major U.S. securities markets—including assets listed on the New York Stock Exchange (NYSE) and NASDAQ. Additionally, the platform will support fractional share trading starting from as low as $1, providing users with more diversified global asset allocation options.
Dr. Han, Founder and CEO of Gate, stated: “The financial system is evolving toward greater integration and interconnectivity. As connections between digital assets and traditional financial markets continue to strengthen, user demand for efficient access to diverse investment opportunities keeps rising.”
By partnering with Alpaca, Gate will seamlessly connect users to real-world stock market investing while preserving the convenience and efficiency users expect from a digital asset platform. We believe multi-asset investment gateways will become a vital component of next-generation global financial services. Moving forward, Gate and Alpaca will continue jointly exploring new models for connecting digital assets and traditional finance, enhancing global market access, and collectively advancing a more open, efficient, and interconnected multi-asset investment ecosystem.
[Odaily]
Bitcoin Spot ETF saw a total net outflow of 519.19M USD yesterday, marking a 12 days of consistent outflow
According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 519.19M USD yesterday (Eastern Time, June 2th).
The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley’s ETF MSBT, with a daily net inflow of 14.77M USD, and the total historical net inflow of MSBT currently stands at 253.75M USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock’s ETF IBIT, with a daily net outflow of 388.64M USD, and the total historical net inflow of IBIT currently stands at 62.98B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 85.00B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.28%. The historical cumulative net inflow has reached 54.66B USD.
Source: https://sosovalue.com/zh/assets/etf/us-btc-spot
Ink has experienced a full-chain network outage since last evening, and service stability has not yet been restored.
Kraken-incubated Ethereum Layer 2 blockchain Ink announced last night that it is experiencing a chain-wide network outage, with intermittent network availability and services yet to be stabilized. The official statement indicated that user transactions and cross-chain bridging operations are expected to experience instability until the chain stabilizes. Ink is collaborating with its infrastructure partner, Gelato, to investigate the root cause of the outage and advance recovery efforts. As of this writing, Ink has not provided any further updates. [Foresight News]
Philippine Commission on Elections removes blockchain component from 2028 general election budget
On June 3, according to BitPinas, the Philippines’ Commission on Elections (COMELEC) has removed blockchain technology and voter verification systems from its budget proposal for the 2028 general elections, cutting the initial budget of PHP 25 billion by approximately PHP 6 billion.
The COMELEC Chair stated that this move follows recommendations from the Department of Budget and Management, noting that the removed functionalities are not essential for conducting elections, with budget optimization and data privacy risks being the primary considerations.
The Chair added that assessments confirmed elections could proceed even without these features; implementation of such systems may be considered in the future, but for now, the priority is reallocating the saved funds to other government agencies.
[PANews]
Bitmine's Ethereum holdings have a paper loss of approximately $8.9 billion, exceeding Strategy's Bitcoin holdings' paper loss.
On June 3, according to Lookonchain data, as the crypto market continues to correct, Bitmine—the Ethereum reserve company backed by Tom Lee—has accumulated unrealized losses exceeding those of Strategy’s Bitcoin holdings.
Data shows that Bitmine currently holds 5,416,901 ETH, valued at approximately $10.03 billion at current market prices, representing an unrealized loss of roughly $8.9 billion relative to its acquisition cost.
Meanwhile, Strategy—led by Michael Saylor—holds 843,706 BTC, with a current market value of approximately $56.26 billion and unrealized losses of about $7.6 billion.
[PANews]
Blockchain Association urges Senate to pass Clarity Act with letter from 160 former security officials
The Blockchain Association sent a letter on Tuesday to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer expressing strong support for the Clarity Act. The letter, signed by 160 former national security and law enforcement officials, urged the Senate to pass the legislation.
“The Clarity Act expands law enforcement and financial crime prevention capabilities across the digital asset ecosystem,” the letter said. The Clarity Act passed the Senate Banking Committee last month and currently awaits a vote in the full Senate. Lawmakers continue to debate whether the bill should include ethics provisions that would restrict elected officials from participating in crypto ventures, a debate fueled in part by President Donald Trump’s crypto business interests.
The Blockchain Association’s Tuesday letter “makes the case that digital asset market structure is a law enforcement and national security priority,” the organization wrote in a post on X. “Clear rules bring activity under U.S. oversight, strengthen consumer protection, and help investigators catch bad actors,” said the association.
Specifically, the letter said the bill includes key anti-illicit finance and enforcement provisions, including expanded Bank Secrecy Act and sanctions obligations. The legislation would also establish Treasury-led information sharing among law enforcement agencies and private sector entities, as well as a permanent interagency working group focused on illicit finance involving crypto.
“These are not deregulatory measures,” the letter added. “They are enhanced enforcement tools designed to improve visibility, coordination, compliance, and accountability across digital asset markets.”
Meanwhile, the Blockchain Association plans to host a fly-in to Washington, D.C. for meetings across 18 Senate offices. It is also scheduled to organize a virtual town hall on Thursday to discuss how the bill supports law enforcement and national security. The town hall is set to feature Senator Cynthia Lummis, Majority Whip Tom Emmer, and White House Executive Director of President’s Council of Advisors for Digital Assets Patrick Witt.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
[The Block]
Philip Martin, a 10-year veteran of Coinbase, will leave the company at the end of the month, stepping down as chief security officer.
Coinbase's Chief Security Officer (CSO), Philip Martin, announced that he will officially leave the company at the end of June 2026, ending his ten-year tenure. He joined Coinbase in April 2016 as its 50th+ employee, responsible for ensuring the security of the company, its employees, and users. Martin stated that Jeff Lunglhofer will succeed him as Coinbase's new CSO. He also revealed that he will announce his next steps soon. [Foresight News]
OKX launches the 2026 FIFA World Cup prediction campaign with a prize pool of 16.66 BTC
OKX has officially launched its 2026 FIFA World Cup prediction campaign. Users can claim xp (campaign points) for free within the OKX app and place bets directly on World Cup match outcomes.
This campaign features six major sections: Champion Prediction, Golden Boot Prediction, Group Stage, Match Outcome Prediction, and more—offering continuous betting opportunities throughout the entire tournament schedule.
The xp leaderboard updates in real time. Upon campaign conclusion, the platform will distribute the 16.66 BTC prize pool proportionally based on users’ final xp rankings, with rewards automatically credited to their accounts.
Ethereum spot ETFs saw a total net outflow of $90.1481 million yesterday, marking the 16th consecutive day of net outflows.
According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $90.1481 million yesterday (June 2, Eastern Time).
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock’s ETF ETHA, which saw a net outflow of $44.2681 million. ETHA’s cumulative net inflows to date stand at $1.1356 billion. Second was Grayscale’s Ethereum Mini Trust ETF ETH, which experienced a single-day net outflow of $25.4062 million; ETH’s cumulative net inflows to date total $1.876 billion.
As of press time, the total net asset value (NAV) of Ethereum spot ETFs stands at $10.53 billion, with the ETF net asset ratio (i.e., ETF market cap as a percentage of Ethereum’s total market cap) reaching 4.58%. Cumulative net inflows since inception have reached $11.24 billion.
[Foresight News]
OKX launched a 2026 World Cup prediction contest with a total prize pool of 16.66 BTC.
OKX has officially launched its 2026 FIFA World Cup prediction campaign. Users can claim xp (campaign points) for free within the OKX app and place direct predictions on World Cup match outcomes.
This campaign features six major categories: World Cup champion prediction, Golden Boot prediction, group-stage matches, match outcome predictions, and more—offering continuous betting opportunities throughout the entire tournament schedule. The xp leaderboard updates in real time, and upon campaign conclusion, the platform will distribute the 16.66 BTC prize pool proportionally based on users’ final xp rankings; rewards will be automatically credited to users’ accounts.
Notably, “Predict” is a free-points product launched by OKX—the first proprietary market built upon OKX’s previously announced open protocol, Exchange OS. This campaign is independently organized by OKX; terms such as “World Cup” are used solely for descriptive purposes.
[Odaily]
Ethereum spot ETF had a total net outflow of $90.1481 million yesterday, marking the 16th consecutive day of net outflows.
According to SoSoValue data, the total net outflow of Ethereum spot ETFs yesterday (June 2, Eastern Time) was $90.1481 million.
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock’s ETF ETHA, with a net outflow of $44.2681 million. ETHA’s cumulative net inflow to date stands at $1.1356 billion.
Next was Grayscale’s Ethereum Mini Trust ETF ETH, with a single-day net outflow of $25.4062 million; ETH’s cumulative net inflow to date stands at $1.876 billion.
As of press time, the total net asset value (NAV) of Ethereum spot ETFs is $10.53 billion, the ETF net asset ratio (i.e., market cap as a percentage of Ethereum’s total market cap) is 4.58%, and the cumulative net inflow to date has reached $11.24 billion.
[Odaily]
Data: Bitcoin spot ETFs saw a total net outflow of $519 million yesterday, marking the 12th consecutive day of net outflows.
According to SoSoValue data, Bitcoin spot ETFs recorded a total net outflow of $519 million.
The Bitcoin spot ETF with the highest single-day net inflow was Morgan Stanley’s ETF MSBT, which saw a single-day net inflow of $14.7654 million. MSBT’s cumulative historical net inflow currently stands at $254 million.
The Bitcoin spot ETF with the highest single-day net outflow was BlackRock’s ETF IBIT, which experienced a single-day net outflow of $389 million. IBIT’s cumulative historical net inflow currently stands at $62.978 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs was $84.997 billion, the ETF net asset ratio (i.e., the ratio of ETF market cap to Bitcoin’s total market cap) stood at 6.28%, and the cumulative historical net inflow reached $54.66 billion.
[ChainCatcher]
Bitcoin spot ETFs saw a total net outflow of $519 million yesterday, marking the 12th consecutive day of net outflows.
According to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $519 million yesterday (June 2nd, Eastern Time). The ETF with the largest single-day net inflow was the Morgan Stanley ETF (MSBT), with a net inflow of $14.7654 million. MSBT's historical total net inflow has reached $254 million. The ETF with the largest single-day net outflow was the BlackRock ETF (IBIT), with a net outflow of $389 million. IBIT's historical total net inflow has reached $62.978 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $84.997 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.28%. The historical cumulative net inflow has reached $54.66 billion. [Foresight News]
DeepSeek plans to raise approximately $7 billion in its Series A funding round, with Tencent and CATL becoming its largest external investors.
DeepSeek plans to raise approximately $7 billion in its first funding round, valuing the company at a staggering $59 billion. Tencent and CATL will be DeepSeek's largest external investors; NetEase and JD.com also plan to participate. [Jinshi]
USDH deployer unstaked 1.01 million HYPE and sold 80,000 HYPE on Hyperliquid.
According to Onchain Lens monitoring, the USDH deployer began transferring part of its HYPE holdings 12 hours ago. It received 1.01 million HYPE (valued at approximately $72.45 million) from unstaking and transferred 209,984 HYPE (valued at approximately $15 million) to a newly created wallet.
Subsequently, the deployer deposited 200,000 HYPE (valued at approximately $13.76 million) into Flowdesk, of which 120,000 HYPE (valued at approximately $8.25 million) have already been transferred to Bybit, while another 80,000 HYPE (valued at approximately $5.7 million) are currently being sold on Hyperliquid.
[Foresight News]
Crypto critic Brad Sherman wins primary in California's 32nd congressional district.
According to crypto journalist Eleanor Terrett, cryptocurrency critic and U.S. Representative Brad Sherman has won the primary in California's 32nd Congressional District and will face Republican candidate Larry Thompson again in November. Thompson surpassed Democratic candidate Jake Levine in Tuesday's open primaries. Thompson, a cryptocurrency advocate, accepted campaign donations in BTC and garnered support from some in the crypto industry during his 2024 campaign, but ultimately lost to Sherman by more than 32 percentage points. Against this backdrop, attention is focused on whether cryptocurrency-related political action committees (PACs) will be willing to invest resources in this deep-blue district to counter Sherman. [Foresight News]
Today’s Market Pulse
The dominant theme is sustained ETF outflows across both Bitcoin and Ethereum, marking over two weeks of consistent negative flows that are reshaping market sentiment and liquidity profiles.
Key Themes
ETF Outflows Deepen: Bitcoin and Ethereum spot ETFs experienced continued outflows yesterday, with Bitcoin seeing $519 million in net outflows (12th consecutive day) and Ethereum $90.1 million (16th consecutive day). BlackRock’s IBIT led Bitcoin outflows at $389 million. This extended period of redemptions suggests retail and institutional investors are reallocating capital amid broader market uncertainty. Near-term, this could pressure spot prices and widen spreads, though historical patterns show outflows often precede market bottoms.
Whale Activity & Institutional Pain: Despite market downturns, select whales remain active, evidenced by a $4.04 million SPCX long position. Meanwhile, Bitmine’s Ethereum holdings show $8.9 billion in unrealized losses, exceeding Strategy’s Bitcoin paper losses of $7.6 billion. These divergent signals suggest institutions are selectively deploying capital while managing significant unrealized losses. The imbalance between ETH and Bitcoin unrealized losses could influence relative trading strategies.
Market Infrastructure Evolution: Strategic partnerships between traditional and crypto platforms continue, with Gate and Alpaca collaborating to offer stock and ETF trading services. Concurrently, USDH deployer liquidated portions of its HYPE holdings ($15 million transferred) following unstaking, and OKX launched a World Cup prediction campaign with 16.66 BTC in prizes. These developments indicate continued integration efforts and innovation despite market headwinds.
Regulatory Crosscurrents: Mixed regulatory signals emerged, with the Blockchain Association pushing for passage of the Clarity Act backed by 160 former security officials, while the Philippines removed blockchain from its 2028 election budget. Additionally, crypto critic Brad Sherman won a primary in California, potentially influencing political dynamics. These contrasting developments highlight the ongoing regulatory tug-of-war.
RichSilo Verdict
Smart money should monitor ETF flow trends for signs of capitulation, as 12-16 day outflows often precede market bottoms. Watch for institutional accumulation at current levels, particularly from whales like Bitmine and Strategy who are experiencing significant paper losses. Potential catalysts include regulatory clarity from the Clarity Act, while risks include prolonged outflows and further liquidations from entities like the USDH deployer. The integration of traditional finance with crypto platforms like Gate-Alpaca could present opportunities for multi-asset positioning.
