ear

CryptoQuant analyst Darkfost stated that about 84% of altcoin trading prices on Binance have fallen below the 200-day moving average, a situation that has persisted for nearly eight months, marking the second longest period of weakness since 2020, only behind the previous bear market's record of about ten months.The Total 3 index, which tracks the market capitalization of altcoins excluding Ethereum, continues to decline and has confirmed a weekly close below the 200-day moving average. Darkfost pointed out that altcoins have maintained a high correlation with Bitcoin prices during this cycle. Although the current weakness confirms a downward trend, historically, such periods usually provide mid-term opportunities, but this time requires stricter asset screening than before.

According to Gate market data, the pressure of the yen's depreciation continues to intensify, with the USD/JPY reaching the 162 mark for the first time since December 1986.

According to Reuters, GameStop (GME) stated that despite eBay (EBAY) rejecting its acquisition offer of approximately $56 billion in cash and stock in May, the company will continue to push forward with the acquisition plan and will soon release detailed strategic logic and operational integration plans. GameStop CEO Ryan Cohen previously argued that the reason for acquiring eBay is that the merged company would become a stronger competitor to Amazon.Meanwhile, GameStop disclosed that the adjusted EBITDA for the fiscal year 2026 is expected to exceed $600 million, a significant increase from $345.4 million in the fiscal year 2025.

According to Bits.media, Fidan Tofidi, the head of the Financial Technology and Innovation Department of the Central Bank of Azerbaijan, stated that the regulatory bill for the country's virtual asset market has been drafted and submitted for review, with formal legislation expected within the year. The bill requires all companies engaged in cryptocurrency asset business to obtain a license issued by the central bank, and unauthorized operations within the country are prohibited. Licensed institutions will be subject to ongoing supervision. The regulatory framework will cover compliance requirements such as anti-money laundering, counter-terrorism financing, and customer identity verification (KYC), and will be incorporated into Azerbaijan's financial market development strategy for 2027-2030.

According to Jinshi reports, European Central Bank President Lagarde stated that in the coming years we are more likely to face shocks that will cause inflation to deviate from the target.

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

According to Jinshi, the U.S. Supreme Court declined to review the constitutionality of a now-repealed policy of the U.S. Securities and Exchange Commission (SEC).The policy previously required individuals and companies that reached enforcement settlements with the SEC not to publicly criticize or question the allegations made by this Wall Street regulatory agency. The U.S. Supreme Court justices did not provide any explanation on Monday when they rejected the challenge regarding whether the SEC's so-called "gag order" infringed on individual constitutional rights.

According to the official announcement, Gate DEX has officially launched the Welfare Center. The Welfare Center is designed around the entire process of on-chain trading, guiding users to quickly complete their first on-chain transaction and continuously receive more rewards through novice tasks, trading challenges, and exclusive rights. Whether it's the first experience with Gate DEX or long-term active trading users, everyone can complete corresponding tasks in the Welfare Center to receive up to 5,400+ USDT contract trial funds.Specific benefits include: Novice tasks, where users can start the "7-day novice growth task" upon entering the Welfare Center. By connecting Gate Wallet and completing specified on-chain actions such as the first spot, contract, Swap, and Meme Go transactions, users can receive rewards;Advanced trading challenges, where users complete net recharge and trading challenges, unlocking higher-level rewards as trading volume increases; Meme & exchange exclusive challenges, where users can not only receive rewards after completing corresponding level tasks but also unlock Gate DEX exclusive Gas-free rights, reducing on-chain trading costs.

According to the Bangkok Post, the Bank of Thailand is advancing a 1:1 baht-backed stablecoin plan and expects to launch a public consultation (open call for opinions) on the related proposal by the end of this year.

The Hong Kong-listed company Okex Cloud Chain (1499.HK) announced its annual results for the year ending March 31, 2026. During the period, the group generated approximately HKD 191.7 million in revenue from continuing operations, a decrease of about 46.7% compared to HKD 359.8 million in the same period of 2025.The company incurred a loss of approximately HKD 28.8 million this year, widening the loss by about 82% compared to the same period last year; the basic and diluted loss per share was HKD 0.54.The report indicated that the group terminated its digital asset proprietary trading business and technical services during the reporting period, with approximately HKD 96.55 million in digital assets reclassified as intangible assets.

New Fire Group released its interim performance report for the six months ending March 31, 2026. The group recorded a loss of approximately HKD 244.9 million (unaudited), a significant increase of about 1890% compared to a loss of HKD 12.3 million in the same period of 2025. Among them, the cryptocurrency asset trading business recorded revenue of HKD 1.9447 billion, a year-on-year decrease of about 43.4%.In terms of business segments, in the asset management business, as of the end of the reporting period, the assets under management (AUM) reached approximately USD 145.6 million; the number of New Fire quantitative trading clients increased by about 12.9% compared to the same period last year.In the trust and custody business, the number of private banking accounts successfully opened during the reporting period increased from 37 to 305; the number of accounts interested in opening increased from 106 to 668.In the cryptocurrency over-the-counter trading business, the number of OTC trading clients increased from 8 to 31, with a monthly compound growth rate of 31.1%.In addition, the group's compliant exchange in Japan, BitTrade, has accumulated a total of 288,214 registered users.

According to Bitcoin Magazine, Galaxy Research has lowered the probability of the passage of the CLARITY Act in 2026 from 60% three weeks ago to 50%, due to the increasingly tight Senate schedule, the lack of a published merged text for the bill, no scheduled votes, and no public commitment from leadership. The bill has been listed as item 423 on the legislative calendar since it passed the Senate Banking Committee on May 14 with a vote of 15-9, but no motion to advance it has been scheduled to date.The report indicates that the Senate must announce a schedule by early July to complete voting before the August recess; otherwise, it will be postponed until September, when the upcoming midterm elections will make controversial votes harder to arrange. Priority legislation such as FISA Section 702 and the NDAA occupies a significant amount of time, and Trump's veto of the housing bill further exacerbates scheduling pressures.The substantive content of the bill has not yet been fully resolved, and ethical provisions remain a core controversy, with at least two Republican senators expected to vote against it, making Democratic support essential. The report suggests that if leadership clarifies a commitment to vote in July within the next two weeks, the probability of passage will rise to 60% or higher; if there is continued lack of progress, it will be further lowered.

According to monitoring by Lookonchain, after being silent for over a year, the whale 4z56a1 began to buy PUMP, spending 5,000 SOL (358,000 USD) to purchase 242.66 million PUMP. More than a year ago, this whale bought 10,957 SOL (2.6 million USD) at 237 USD and staked it. Although it earned 1,206 SOL in staking rewards, it still has an unrealized loss of over 1.7 million USD (-66%) due to the decline in SOL prices.

According to a report by The Paper, the embodied intelligence company Zhi Ping Fang has recently completed a series of new financing, with a total amount of nearly 5 billion yuan (approximately 700 million USD), and a valuation exceeding 20 billion yuan, making it the first embodied intelligence company in the Guangdong-Hong Kong-Macao Greater Bay Area to officially surpass a valuation of 20 billion yuan. Zhi Ping Fang stated that after the completion of this financing, it will accelerate the iteration and large-scale production process of the "robot brain," further solidifying its integrated capabilities of "model × hardware × scenario."

Liquid Capital founder Yi Lihua posted that the current Bitcoin trend represents the third wave of decline since the peak of 1011. According to volatility theory and cyclical patterns, this may be the final major drop.Yi Lihua pointed out that the main influencing factors for this round of decline include the performance of the U.S. stock market and Strategy, while closely monitoring the Federal Reserve's response to CPI data to see if it will change interest rate cut or hike expectations, which could trigger a continued pullback in the U.S. stock market. Additionally, black swan or explosive events often occur at the tail end of past bear markets, which have not yet appeared and still require ongoing observation.He believes that based on Bitcoin's peak of $126,000, a 60% drop would bring it down to about $51,000, and a 66% drop would bring it down to about $43,000. Regardless of where the final bottom lies, July and August may be the last bottoming area of this cycle and the most noteworthy time window for bottom fishing in the next three years.

According to official news, the ForeGate supercomputing database, in collaboration with football legend Michael Owen, OneBullEx, OKX, and WEEX, has officially released the "ForeGate 2026 World Cup Winning Guide" match research report.This report focuses on the progress of the 2026 World Cup schedule in the US, Canada, and Mexico, conducting a systematic analysis of the qualification probabilities, advancement paths, championship probabilities, win-draw-loss trends, and betting tendencies of the 48 participating teams. The report combines the ForeGate AI prediction model with OKX data path simulations and continuously updates based on real-time match results, team conditions, and potential matchup changes. Currently, the comprehensive prediction accuracy of the related models has reached 93.8%, demonstrating strong data analysis capabilities in aspects such as match result response, point calibration, and advancement path judgment.ForeGate stated that during the World Cup, it will continuously update prediction content based on match results, team conditions, and model simulation results to help users understand the probabilistic logic behind schedule changes. Meanwhile, the ForeGate World Cup million-dollar prediction event is also in full swing, where users can participate in match predictions to share in the million-dollar rewards.As the World Cup schedule continues to progress, OneBullEx will combine the match data and related content from the report to keep a close eye on the dynamics of the matches, further enriching community participation and match discussions during the World Cup, providing users with more reference perspectives for observing match trends.

Grayscale Research's research director Zach Pandl stated that rather than raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to meet cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has certain indicative significance.If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 17, up 3 points from yesterday. The average over the past 7 days is 17, and the average over the past 30 days is 16.