Bitwise CEO: The new cycle has already begun, and the crypto market is undergoing a “blood transfusion” this year.
Bitwise CEO Hunter Horsley posted on X stating that the crypto market has experienced an “intergenerational shift” every few years since 2017, with some early leaders exiting the stage while others continue to exert influence, including custodians, crypto funds, exchanges, and major assets.
2026 marks the beginning of a new round of “blood transfusion,” and while the current community generally feels a sense of potential loss, nostalgia, and uncertainty, it also heralds rebirth and new opportunities. A new generation of participants and innovative projects will inject vitality into the market and usher in a new cycle for crypto assets.
[Odaily]
Sources: US government considering taking stakes in AI companies
On June 6, three insiders revealed that senior U.S. government officials have held preliminary discussions with major U.S. artificial intelligence companies to explore the possibility of the government acquiring equity stakes in these firms.
Since the beginning of President Trump’s second term, OpenAI CEO Sam Altman has regularly discussed this concept with senior government officials. Altman first proposed the idea to Trump in early 2025 and has held further discussions with senior officials in recent weeks, framing it as a way to distribute the economic benefits of artificial intelligence more broadly to the public.
The focus of the discussions is on having these companies “voluntarily transfer shares to the government,” with the investment returns subsequently being used for public purposes. However, the plan is still in the preparation stage, and specific details have not yet been determined.
[Odaily Planet Daily News]
Turkish Presidential Communications Directorate registers ENS domain cbiletisim.eth
The Turkish Presidential Communications Directorate registered the ENS domain cbiletisim.eth, published official publications on IPFS, and referenced them via the ENS name, establishing a decentralized, verifiable public information architecture.
In the future, any user can directly verify and retrieve publications on-chain.
[Foresight News]
Greece plans to impose a 15% capital gains tax on cryptocurrency profits.
On June 6, according to Reuters, the Greek government is drafting relevant legislation to impose a 15% capital gains tax on cryptocurrency investment profits, with plans to submit it to parliament for review in the coming months. A senior government official stated that the bill aims to formally incorporate cryptocurrencies into Greece’s tax system.
Greece currently lacks a comprehensive tax framework for cryptocurrencies, and EU member states have yet to establish a unified tax regime for crypto assets. Under the proposed new rules, the first €500 (approximately $580) of an individual’s cryptocurrency gains would be exempt from taxation.
Individual cryptocurrency mining activities will not be taxed; however, if mining is conducted by a registered company, it will be subject to taxation in accordance with applicable laws.
[PANews]
China Securities will wind down its existing mainland business, suspending new position openings and fund/securities transfers starting June 15.
Huaxing Securities issued a notice to customers on the morning of June 6, stating that starting from June 15, Beijing time, services for existing investors’ accounts in mainland China will be adjusted. This includes suspending new opening and adding positions for stocks and all other varieties, only supporting selling and closing positions; and suspending fund and securities transfers in, while transfer out functions remain normal.
The notice stated that this adjustment does not affect services provided to existing investors overseas, nor does it affect the safety of existing assets for all customers. Customers can normally query their accounts and sell their existing holdings.
[Odaily]
Somnia’s official X and LinkedIn accounts were briefly compromised, and control of all affected accounts has now been restored.
L1 blockchain Somnia announced on X and LinkedIn that its accounts were briefly compromised, resulting in posts containing unofficial links. All affected accounts have now been restored to full control, and the malicious content has been removed.
The official team stated that users with questions or needing to contact the team should do so via its Discord channel. Foresight News reminds you not to connect to phishing websites to avoid asset loss.
[Foresight News]
Analyst: Coinbase’s stock price faces a critical support test next week, with $141 potentially serving as the dividing line between bulls and bears.
Crypto analyst Ali posted on X, stating that Coinbase’s stock price will face a critical technical test next week. If it can hold above $141, it may initiate a rebound and target $185.
If this key support level is breached, further downside risk looms, with a potential target of $74.
[PANews]
“Brother Maji” lost $80,000,000.00 in contract trading on Hyperliquid over the past year.
According to Arkham monitoring, “Brother Maji” incurred a total loss of $80.00 million in perpetual contract trading on Hyperliquid over the past year.
[Foresight News]
Analyst: 345,000 ETH held by the top three whales face liquidation risk, totaling $537 million.
On June 6, according to on-chain analyst AI Auntie(@ai_9684xtpa), 345,000 ETH held by three major whales is at risk of liquidation, totaling $537 million.
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ETH whale engaging in cyclical long positions since February:
Trading venue: Hyperliquid
Collateral amount: 152,195 ETH ($210 million), distributed across 2 addresses
Current health factor: as low as 1.16
Liquidation prices: $1,355.63 and $1,280.47 -
Entity affiliated with Bit:
Trading venue: Hyperliquid
Long position size: 120,000 ETH ($188 million), distributed across 4 addresses
Current P&L: unrealized loss of $84.48 million
Liquidation prices: [$1,241, $1,272] -
ETH whale resuming cyclical long positions after five years of dormancy
[PANews]
RARI Chain, an NFT creator-oriented blockchain, will gradually cease operations.
The NFT creator-oriented chain RARI Chain will gradually cease operations. Users with assets on RARI Chain should transfer their assets back to the Ethereum mainnet before June 15th, Beijing time.
The official stated that this transition will enable RARI to allocate more resources to empowering creators, while also eliminating fragmentation and simplifying participation in RARI governance.
[Foresight News]
Dragonfly Partner: Still Holding ZEC; Related Vulnerability Does Not Affect Most Holders or Exchange Users
Regarding the recently fixed Zcash vulnerability, Dragonfly Managing Partner Haseeb posted on X stating that there are many misunderstandings in the market regarding this incident. If the vulnerability had been exploited before it was fixed (which he believes is extremely unlikely), attackers would have profited by minting ZEC in the Shielded Pool and would have quickly sold these tokens before the vulnerability was exposed.
Haseeb pointed out that since the main trading markets for ZEC are concentrated on Transparent ZEC, any minted shielded ZEC would have to undergo an “Unshield” operation before it could enter trading platforms like Binance and Coinbase.
[PANews]
Three major whales with 345,000 ETH face liquidation risk, totaling $537 million
According to on-chain analyst Ai 姨’s monitoring, three major whales have a total of 345,000 ETH facing liquidation risk, totaling $537 million.
Among them, a whale that has been repeatedly going long on ETH since February has collateralized 152,195 ETH on Hyperliquid, valued at $210 million, spread across 2 addresses. Its current health score is as low as 1.16, with liquidation prices of $1,355.63 and $1,280.47 respectively.
An entity associated with Bit holds 120,000 ETH long positions on Hyperliquid, valued at $188 million, spread across 4 addresses. It currently has an unrealized loss of $84.48 million, with liquidation prices ranging from $1,241 to $1,272.
Another whale that has been repeatedly going long on ETH after sleeping for five years is also facing liquidation risk.
[Odaily Planet Daily]
Rosneft CEO: If the crisis is resolved, the oil market may return to fundamentals in the second half of 2027.
Rosneft CEO Igor Sechin stated that the oil market may return to fundamentals in the second half of 2027 if the crisis is resolved.
[Odaily]
Today’s Market Pulse
The crypto market is undergoing a transformative “blood transfusion” as described by Bitwise CEO, with significant liquidation risks emerging for major ETH holders while regulatory landscapes evolve globally.
Key Themes
Market Transformation and Cycle Shift
Bitwise CEO Hunter Horsley declares a new market cycle with “blood transfusion,” while major ETH whales face liquidation risks totaling $537 million. This represents an intergenerational shift where early leaders may exit, but also rebirth and new opportunities. Near-term, expect increased volatility as liquidations unfold, creating space for innovative projects and new participants.
Regulatory Developments
Greece plans 15% capital gains tax on crypto profits, Turkey uses ENS domains for official communications, and the US government explores equity stakes in AI companies. Regulatory clarity legitizes crypto markets, while taxes impact profitability. Government adoption of blockchain infrastructure signals growing institutional acceptance. Greece’s tax framework could set precedent for EU nations, while US involvement in AI may create indirect crypto opportunities.
Exchange and Security Risks
Coinbase faces critical support test at $141, China Securities winds down mainland business, Somnia accounts were compromised, and Zcash vulnerability addressed. Exchange consolidations and security breaches impact market confidence. Technical levels on Coinbase may influence broader sentiment, while security incidents remain a persistent risk requiring robust protocols.
RichSilo Verdict
Smart money should monitor critical support levels for Coinbase ($141) as a potential market sentiment indicator, track the resolution of ETH whale liquidations, and watch for regulatory developments in Greece as potential EU precedent. The most significant opportunity may lie in identifying emerging projects that benefit from the “blood transfusion” cycle shift, while maintaining risk awareness regarding security vulnerabilities and regulatory crackdowns.
