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Jito Labs co-founder and CEO Lucas Bruder stated that the crypto market is entering a "new phase": an increasing number of on-chain users no longer see themselves as "crypto traders," but rather as ordinary traders who simply wish to trade various assets.Jito Labs plans to launch a trading terminal called JTX for "professional retail" traders this summer, supporting spot, futures, and prediction market trading. This means Jito will extend from the Solana underlying infrastructure to consumer-facing products.Bruder believes that Solana has proven its ability to support large-scale trading activities after the memecoin market in 2024, attracting new users with low costs and high speed. He also stated that as Wall Street assets gradually move on-chain, Solana is expected to become the entry point for more mainstream traders to enter the on-chain market.

According to Catcher Predict monitoring, in the Polymarket event "Time of Agreement on Permanent Peace Agreement between the United States and Iran," the "Yes" option in the sub-market "June 15" experienced a sharp fluctuation in winning probability, plummeting from 49.5% an hour ago to the current 19.5% (a fluctuation of 30%). Please note the impact of related breaking news.

According to Gate market data, U.S. stocks closed with the Dow Jones Industrial Average down 1.07%, the S&P 500 down 1.24%, and the Nasdaq Composite down 1.54%. Technology stocks generally fell, with Micron Technology down 6.62%, Intel down 6.18%, NVIDIA down 4.42%, and Tesla down 4.75%.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $422 million, with long positions liquidated at $378 million and short positions liquidated at $44.1424 million. Among them, Bitcoin long positions were liquidated at $84.5937 million, Bitcoin short positions at $8.9111 million, Ethereum long positions at $96.9466 million, and Ethereum short positions at $6.0802 million.In addition, in the last 24 hours, a total of 124,605 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $57.259 million.

According to Coinglass data, if ETH breaks through $2,338, the cumulative short liquidation intensity on mainstream CEX will reach $1.517 billion. Conversely, if ETH falls below $2,119, the cumulative long liquidation intensity on mainstream CEX will reach $828 million.

According to Coinglass data, if BTC breaks through $83,119, the cumulative short liquidation intensity on mainstream CEX will reach $2.069 billion. Conversely, if BTC falls below $75,575, the cumulative long liquidation intensity on mainstream CEX will reach $821 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $441 million, with long positions liquidated at $385 million and short positions liquidated at $55.96 million. In the last 24 hours, a total of 128,021 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $5.7259 million.

According to Coinglass data, Binance had a net inflow of 277 million USDT in the past 24 hours.

The tokenized financial market infrastructure Digital Asset Clearing Center (DACC) announced the completion of a $10 million strategic financing round, with participation from Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently provides end-to-end "Clearing-as-a-Service" for financial institutions, and the new funds will support its construction of compliant financial settlement and clearing infrastructure.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $470 million, with long positions liquidated at $390 million and short positions liquidated at $79.9421 million. Among them, Bitcoin long positions were liquidated at $87.797 million, Bitcoin short positions at $30.4725 million, Ethereum long positions at $98.7156 million, and Ethereum short positions at $9.8906 million.In addition, in the last 24 hours, a total of 132,597 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $57.259 million.

Grayscale's research director Zach Pandl stated that in the context of rising inflation in the United States, the Federal Reserve may maintain a high interest rate policy for a long time, which will have three core impacts on the cryptocurrency market. He believes that as the U.S. CPI approaches 4%, the new Federal Reserve Chairman Kevin Warsh has almost no room for interest rate cuts, and the market currently expects the first rate cut to be delayed until September 2027. Grayscale pointed out that long-term high interest rates will put pressure on "currency devaluation trades" such as Bitcoin. Since Bitcoin, like gold, is a non-yielding asset, higher real interest rates will increase the opportunity cost of holding dollar-denominated assets. However, it remains optimistic about Bitcoin's long-term prospects and believes that regulatory benefits such as the CLARITY Act can partially offset the related pressures. In addition, it believes that a high interest rate environment will accelerate the tokenization of fixed income assets. Currently, the yields on dollar-denominated fixed income products are higher than those of most DeFi yields; for example, the USDC lending rate on Aave is about 3.6%, while the yield on short-term corporate bonds is about 4.5%. Grayscale also stated that stablecoin issuers will benefit from high interest rates. Since the GENIUS Act prohibits stablecoins from paying interest to users, issuers can retain the income from reserve assets. It estimates that for every 25 basis point increase in short-term rates, Circle's revenue will increase by approximately $190 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0036%. Among the current mainstream exchanges, the rate on Binance is 0.0013%, OKX is 0.0094%, Bybit is 0.0034%, and Gate is 0.01%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0022%. Among the current mainstream exchanges, the rate on Binance is 0.0015%, OKX is 0.0012%, Bybit is -0.0019%, and Gate is 0.0098%.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $494 million, with long liquidations amounting to $388 million and short liquidations amounting to $106 million. The liquidation amount for BTC was $131 million (longs $87.88 million, shorts $43.02 million), for ETH it was $116 million (longs $98.70 million, shorts $16.83 million), and for SOL it was $25.42 million (longs $21.57 million, shorts $3.85 million).In the past 24 hours, a total of 135,249 people were liquidated, with the largest single liquidation occurring on the ETHUSDT trading pair on Binance, valued at $5.7259 million.

Kelp announced on platform X that the rsETH protocol has fully resumed normal operation, and the related functions have been re-launched on the mainnet and all Layer 2 networks, with the overall system status restored to normal levels. The rsETH exchange rate has been updated, accounting for all staking reward earnings accumulated during the suspension period. Meanwhile, EIGEN rewards are now open for distribution to rsETH holders, covering the entire suspension period.In addition, the deposit and withdrawal functions have been restored on the mainnet and Layer 2 networks, and the rsETH asset support status has been fully restored to 100% backing. The official emphasized that the current rsETH has achieved complete and sufficient support on the mainnet and L2 networks, and all operational processes have returned to normal.

According to Cointelegraph, multiple analysts have pointed out that Ethereum faces downside risks, with ETH potentially dropping another 20% to the $1,700 range. The increase in holdings on trading platforms and the decline in ETF demand are the main sources of pressure.CryptoQuant analyst BorisD noted that from May 5 to May 9, the ETH reserves on Binance surged from 3.36 million to 3.84 million, while the price dropped 7% from $2,390 to $2,260 during the same period. He stated, "This indicates that liquidity is being absorbed and distributed simultaneously. The overall structure still points to dominant downside risks."Another analyst, PelinayPA, shares the same view, believing that any short-term rebound will "be accompanied by high volatility, followed by a continuation of a broader downward trend," and added, "A large amount of ETH continues to flow into trading platforms, creating significant resistance to price increases." The net inflow of ETH to trading platforms surged to 585,000, marking the largest single-day inflow since December 2025—at that time, the ETH price was around $3,000, which subsequently dropped to $1,750 in February this year, a decline of 42%. Such large-scale inflows typically indicate that large holders are offloading.Meanwhile, the demand for spot Ethereum ETFs continues to weaken, recording net outflows for four consecutive days, with a total outflow amounting to $190 million. From a technical perspective, the ETH daily chart shows that the ascending wedge pattern has broken below the support level of $2,280. If the daily closing price confirms a break below, the target will point to the wedge measurement target of $1,725, a 22% drop from the current price, aligning with the macro low on February 6 of this year.Analyst ShangoTrades stated that this breakdown "is starting to become concerning." From a longer-term perspective, analyst CryptoBullGod pointed out that the measurement target for the ETH weekly bear flag pattern is $1,280.

THORChain has announced that one Asgard vault has been attacked, and trading has been suspended. Initial signs indicate that user funds are safe, and only the protocol's own funds are affected. THORChain stated that the network automatically detected abnormal behavior and suspended signing activities to prevent further fund transfers. The estimated loss is currently around $10.7 million.The announcement mentioned that one of the six Asgard vaults is suspected to have been breached, and related nodes have triggered the RUNE staking penalty mechanism due to unauthorized transfers. The current network has suspended Churn activities, and new connections and related operations will also be postponed until the investigation and repairs are completed.THORChain stated that preliminary investigations show that users' personal exchange transactions have not been affected, and all node operators have been asked to immediately check their infrastructure, key management systems, and operating environments for any anomalies.

According to Cointelegraph, after the U.S. stock market opened, Bitcoin quickly fell, briefly dropping below the $79,000 mark, with a daily decline of about 3%, reaching a low not seen since May. The market generally believes that this round of correction is closely related to the sell-off of risk assets triggered by the surge in U.S. Treasury yields. Data shows that the yield on the U.S. 10-year Treasury rose above 4.55%, reaching a nearly one-year high, raising concerns in the market about tightening liquidity and the reassessment of risk assets.Analysts pointed out that this level had previously triggered adjustments in U.S. stocks and policy expectations last year, and it has now become a key pressure signal again. Trading firm The Kobeissi Letter stated that the "crisis-like rise" in the U.S. Treasury market is intensifying, with long-term high interest rate expectations heating up. The market has begun to factor in the possibility of future rate hikes, leading to a rapid cooling of the previous "euphoric sentiment" in risk assets.From a technical perspective, analysts believe that after multiple rejections of resistance above $82,000, the support structure for Bitcoin is weakening, and it may retest the $75,000--$77,000 range in the short term, as the market enters a phase of range-bound fluctuations and directional choices.

According to Bitget market data, preOPAI reached a high of $807.92 after its launch, currently reported at $791.03, with a 24-hour increase of 9.08% and a 24-hour trading volume of 3.9076 million USDT.

Bloomberg analyst James Seyffart stated on the X platform that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, while its underlying asset CBRS only started trading the previous afternoon, meaning that the launch of the leveraged ETF was completed just hours apart, setting a record for the rapid product launch pace.This "fast-follow" ETF issuance model is accelerating, and in the future, leveraged ETFs around non-public or high-demand assets such as SpaceX, Anthropic, and OpenAI may also emerge with similar rapid replication issuance paths, reflecting a significant increase in the productization speed of the ETF market for new asset exposures.