According to the Gate News bot and TheBlock, the election results in South Korea have been announced, with Lee Jae-myung elected as the new president with a voter turnout of 49.42%. This election saw a turnout rate of 79.4%, setting a new high in 28 years. Lee Jae-myung announced multiple cryptocurrency-related policies: promoting the adoption of local spot crypto ETFs, establishing a Korean won-pegged stablecoin market to control domestic capital flow. In addition, he plans to improve the second phase of the digital asset regulatory framework, focusing on stablecoin regulation and exchange transparency requirements, and to relax regulations in blockchain special zones to support innovative development.

On Tuesday, South Korea's voter turnout reached 79.4%, the highest level in 28 years. Lee Jae-myung defeated right-wing opponent Kim Moon-soo with a vote rate of 49.42% (41.15%). Lee Jae-myung vowed to address South Korea's urgent economic challenges, including providing more support for low-income families and small business owners, while also committing to laying a more solid foundation for South Korea's Crypto Assets industry. Lee Jae-myung's Crypto Assets commitments include the launch of Spot Crypto Assets ETF in South Korea. Since the unexpected success of the U.S. Crypto Assets ETF, South Korean financial authorities have been considering this plan. As of today, any local issuance and trading of Crypto Assets ETF are prohibited. Another key initiative is the approval of stablecoins pegged to the Korean won. Lee Jae-myung stated during a discussion last month that South Korea needs to establish a stablecoin market based on the Korean won to prevent domestic capital outflows.

Gate News bot, on-chain analyst Willy Woo posted on X on June 3 that the "whales" holding more than 10,000 bitcoins have been "selling since 2017", which answers the question of who is selling bitcoin at a time when "institutions and sovereigns are racing to buy billions of dollars in BTC". "Most of these bitcoins are bought at $0 to $700 and held for 8 to 16 years," he explained. "The chart shows that the supply of whale entities holding between 10,000 and 100,000 BTC has been steadily declining over the past eight years. During this period, the amount of Bitcoin held by these entities dropped by about 40%, from 2.7 million to about 1.6 million BTC.

Gate News bot reported that Cardano's compliant fiat stablecoin USDM has reached a cooperation with Lace Wallet, aiming to expand its business scope and improve the on-chain availability of USDM. First, USDM will be automatically included in Lace Wallet's token directory, providing holders with native support within the wallet. In addition, the partnership will also provide in-wallet exchange integration between ADA and USDM and is expected to offer staking rewards. Lace Wallet's partnership with USDM will enable holders to use the stablecoin in Cardano's native DeFi applications. In addition, as Cardano gradually expands its Bitcoin DeFi business, USDM issuers are also committed to playing a greater role in the ecosystem.

According to SoSoValue data, on June 3, Eastern time, the Ethereum spot ETF achieved a total net inflow of $109 million, maintaining a net inflow for the 12th consecutive day. Among them, Blackrock's ETHA Ethereum ETF ranked first with a single-day net inflow of $77.0596 million. Data statistics show that the total net asset value of the Ethereum Spot ETF has reached $9.813 billion, with an ETF net asset ratio (the ratio of market value to the total market value of Ethereum) of 3.11%, and a historical cumulative net inflow of $3.233 billion.

Gate News bot message, Goldman Sachs economist Andrew Boak indicated that the momentum of the Australian economy, which was originally expected to rebound by the end of 2024, seems to have encountered stagnation in the first quarter of 2025. This presents downward risks to the Reserve Bank of Australia’s forecast of a "recovery driven by consumption." Looking ahead, against the backdrop of government spending cuts, to drive private demand for sustainable growth, the Reserve Bank of Australia may need to initiate a significant easing cycle. Given the current situation, there is ample reason for the Reserve Bank of Australia to lower the official interest rate by 25 basis points at its next policy meeting in July.

Gate News bot message, according to SoSoValue data, on June 3rd (Eastern Time), the Bitcoin Spot ETF ended the previous three days of capital outflow, with a total net inflow of 378 million dollars on that day. Among them, the ETF product ARKB jointly launched by Ark Invest and 21Shares performed outstandingly, with a net inflow of $140 million in a single day, and the historical total net inflow of ARKB has reached $2.51 billion. The data also shows that the total net asset value of Bitcoin spot ETFs is now $128.130 billion, the ETF net asset ratio (the proportion of market capitalization to the total market value of Bitcoin) is 6.1%, and the total historical cumulative net inflow is $44.480 billion.

U.S. Securities and Exchange Commission Chairman Paul Atkins testified before the Senate Appropriations Committee's Financial Services and General Government Subcommittee on Tuesday that he vowed to establish a "reasonable regulatory framework" for crypto assets, prioritizing rulemaking and transparency over enforcement actions. He is continuing his efforts to bring a "new day" to the SEC and change the institution's stance on digital assets. "Clear rules are essential to protect investors from fraud, especially to help them identify scams that don't comply with the law," he said. Atkins added, "Policy development will be done through notice and comment rulemaking, not through enforcement regulation." ”

Jin10 data June 4th, Goldman Sachs economist Andrew Boak stated that the momentum rebound of the Australian economy, which was originally expected by the end of 2024, seems to have stalled in the first quarter of 2025, posing downward risks to the Reserve Bank of Australia's forecast of a "consumption-driven recovery." Looking ahead, against the backdrop of government spending cuts, to promote sustainable growth in private demand, the Reserve Bank of Australia may need to initiate a significant easing cycle. Given the current situation, there is ample reason for the Reserve Bank of Australia to lower the official interest rate by 25 basis points at the next policy meeting in July.

ChainCatcher news, according to SoSoValue data, yesterday (June 3rd, Eastern Time) the total net inflow of Bitcoin Spot ETF was 378 million USD. The Bitcoin Spot ETF with the highest net inflow yesterday was the ETF ARKB by Ark Invest and 21Shares, with a net inflow of $140 million for the day, bringing the total historical net inflow of ARKB to $2.51 billion. The second was the Fidelity ETF FBTC, with a net inflow of $137 million for the day, currently having a total historical net inflow of $11.693 billion. As of the time of writing, the total net asset value of the Bitcoin Spot ETF is 128.30 billion USD, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) reaches 6.

At the planning meeting held on the evening of June 3, CIFI's offshore debt restructuring plan was supported by the required statutory majority of plan creditors, and two special resolutions (change of trustee and proposed amendment) of perpetual securities and convertible bonds were passed respectively. According to the announcement, the restructuring is expected to reduce overseas debt by about 5.27 billion US dollars, accounting for 66% of the total foreign debt. 1,250 creditors holding US$7.933 billion voting plan claims participated in the plan meeting, of which 1,236 creditors holding US$7.351 billion voting plan claims were in favor, accounting for about 92.66% of the total voting value. The announcement also said that the follow-on company will seek court approval and recognition of the plan, and the hearing is scheduled for June 26 at 10 a.m. (Hong Kong time).

Gate News bot, according to Spot On Chain monitoring, the Trump family's crypto project World Liberty Financial (WLFI) has made frequent moves today: 1. After announcing a partnership with Wintermute about 8 hours ago, the MELANIA team has sent 20 million MELANIA ($6.62 million) to Wintermute; 2. About 5 hours ago, a wallet linked to the TRUMP team deposited 4.17 million TRUMP ($46.97 million) to major exchanges; 3. About 30 minutes ago, World Liberty Financial airdropped 47 USD1 (total: $4 million) to each wallet participating in the WLFI sale.

According to Gate News bot, Bloomberg reported that Tether CEO Paolo Ardoino stated in an interview that despite the Trump administration's friendly attitude towards Crypto Assets, the company will still mainly focus on markets outside the United States. According to the data, the total value of stablecoin payment transactions in 2024 will reach $51.4 billion, and USDT will occupy 62% to 91% of the market share in most regions of the world. Singapore, Hong Kong and Japan combined for 36.3% of stablecoin flows, significantly higher than the 18.7% in the US. Ardoino pointed out that the company will continue to focus on emerging markets such as Latin America, Asia, and Africa, and stated that after the introduction of an appropriate regulatory framework in the United States, it does not rule out launching new stablecoins in the U.S.

Gate News bot message, according to Bloomberg, Tether CEO Paolo Ardoino announced that the company will focus on expanding into non-U.S. markets. The company plans to prioritize serving emerging markets such as Latin America, Asia, and Africa to meet the demand for stable financial infrastructure in these regions. Ardoino mentioned that, in the context of the advancement of the stablecoin bill (Genius Act) in the U.S. Senate, Tether is considering entering the U.S. market by issuing a new stablecoin. The latest report from Artemis shows that the Singapore-China corridor has become the most active area for stablecoin flows, accounting for 36.3%, while the US region accounts for 18.7%.

Tether CEO Paolo Ardoino stated that although the Trump administration is friendly towards Crypto Assets, Tether will still focus on markets outside the United States. Data shows a significant rise in global stablecoin payment transaction volume in 2024, with Tether dominating in multiple regions. The company will continue to focus on emerging markets such as Latin America, Asia, and Africa, and is considering the issuance of new stablecoins in the U.S. under appropriate regulation.

BlockBeats news, on June 4th, according to DefiLlama data, the PancakeSwap protocol fees reached 6.71 million USD in the past 24 hours, surpassing Circle (6.35 million USD) to rank second, only behind Tether.

Gate News bot news, the nominee for the chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz, is scheduled to attend the nomination hearing of the Senate Agriculture Committee on June 10. Quintenz is the global policy head of a16z crypto and previously served as a CFTC commissioner from 2017 to 2021. The website indicates that the hearing will take place at 3 PM on June 10.

According to Gate News bot, monitored by Ai Yi, well-known trader James Wynn reduced his position by 189.74 BTC about 20 minutes ago, incurring a loss of $135,000. Currently, the value of the BTC 40x long order position is $127 million.

Since the Bitcoin price average gave a key bullish signal two weeks ago, there has been an increase in profit-taking activity among Bitcoin holders. On May 22, Bitcoin's 50-day simple moving average (SMA) broke above the 200-day simple moving average, confirming the golden cross, a technical indicator that signals long-term bullish momentum, according to TradingView. On the same day, the price of Bitcoin hit a new high of more than $111,000. Nonetheless, according to on-chain data tracked by Glassnode, coin holders are increasingly choosing to lock in gains rather than wait for further gains. "Entity-adjusted realized profit has risen to more than $500 million per hour three times in the last 24 hours, indicating that profit-taking activity is very active," Glassnode said on the X platform on Tuesday. "The chart shows a steady increase in profit-taking activity since the second half of May, breaching the $500 million mark multiple times. This is the most aggressive profit-taking operation since the beginning of February. Other metrics, such as the entity's adjusted expenditure output margin of (SOPR), also indicate the same.

According to the Gate News bot, monitored by Ai Yi, "ETH ICO 1 million ETH Whale" deposited 996 ETH to CEX again 6 hours ago, worth 2.6 million USD, with a cost as low as 0.31 USD. Currently, this whale still holds 48,748 ETH, and based on a selling rate of 960 ETH every two days, the remaining tokens are estimated to be completely closed out in about 100 days.

Odaily News Alliance DAO founder and core contributor Qiao Wang stated that the most important piece of information for a market maker is to know who they are trading with. If the counterparty is degenping, the market maker will withdraw liquidity. If the counterparty is James Wynn, they will actively provide liquidity. This is why a transparent order book may be more attractive to market makers than dark pools. At the same time, it indicated that under other identical conditions, whales with actual alpha information would be more inclined to trade on exchanges/dark pools. However, there is no impact on Hyperliquid, as most contract whales do not have alpha.

According to Gate News bot, data monitored by Lookonchain shows that a Whale or institution has completed a large-scale OTC Trading, purchasing 108,278 ETH, with a total transaction amount of 283 million USD. The specific transaction details show that in the past 12 hours, Galaxy Digital's OTC wallet transferred 89,000 ETH (approximately $233.5 million) out of the exchange, and then transferred 108,278 ETH (approximately $283 million) to the whale/institutional wallet 0x0b26. According to the data, the Whale wallet 0x0b26 currently holds 139,476 ETH, with a total value of approximately $365 million. Source: Wu Says

PANews June 4 news, according to SoSoValue data, today the crypto market has generally pulled back, with PayFi, RWA, and SocialFi zones performing strongly, rising by 1.20%, 0.22%, and 0.01% respectively in 24 hours. In the PayFi zone, XRP and Telcoin (TEL) rose by 1.93% and 2.76% respectively; in the RWA zone, Maker (MKR) and Plume (PLUME) rose by 6.42% and 7.34%; in the SocialFi zone, Galxe (GAL) and Mask.

According to Gate News bot, it was reported that Nasdaq-listed Bitcoin mining company Cipher Mining completed a mining output of 174 BTC in April. At the same time, Riot Platforms released its financial report for the first quarter of 2025, with total revenue reaching $161.4 million. Another Bitcoin mining company, Hut 8 Corp, reported a net loss of $134.3 million in its financial report for the first quarter of 2025. In addition, the mining company American Bitcoin, supported by the Trump family, is going public through a stock-for-stock merger with Gryphon Digital Mining.

Zhongshan Securities International has given Pop Mart its first "Buy" rating, expecting its revenue and net profit in 2025 to be significantly higher than market expectations, and believes there is room for upward adjustment in future earnings estimates, especially as international business will drive its valuation increase.

Gate News bot news, according to data from Polymarket, as market sentiment changes, users of the platform predict that the probability of XRP ETF approval in 2025 has risen to 92%, setting a new historical high. Since early May, this probability has risen by 20%.

According to Gate News bot, monitored by Lookonchain, a suspected whale/institution bought 108,278 ETH (worth $283 million) through OTC Trading (OTC). Galaxy Digital's OTC Wallet withdrew 89,000 ETH (worth $233.5 million) from the exchange in the past 12 hours, then transferred 108,278 ETH (worth $283 million) to the whale/institution wallet 0x0b26. The wallet 0x0b26 currently holds 139,476 ETH (worth $365 million).

Gate News bot message, Meta has signed a protocol to maintain the operation of a nuclear power plant in Illinois for the next 20 years to support the development of its artificial intelligence and data centers. According to the protocol, the company will begin purchasing 1.1 k megawatts of power from the Clinton Clean Energy Center, located in southern Illinois, from 2027.

Gate News bot, according to Trader T monitoring, the US Ethereum spot ETF had a net inflow of $109.26 million yesterday (it seems to be entering a continuous positive inflow phase, with an inflow of $744 million in the past 12 trading days): ETHA (BlackRock): $76.89 million $FETH (Fidelity): $20.97 million EZET (Franklin): $2.99 million ETH (Grayscale Mini): $8.41 million Others: $0.0 million

According to Lookonchain monitoring, in the past 4 hours, 3 whales bought a total of 9.2 million Fartcoin (worth $9.5 million): the new wallet BGSLvB withdrew 4 million USDC from CEX and bought 3.85 million Fartcoin at an average price of $1.04, and the whale GvE26u spent 3.63 million USDC to buy 3.57 million Fartcoin at an average price of $1.02; The new wallet, 56sxMc, spent 12,000 SOL (worth $1.87 million) to buy 1.79 million Fartcoin at an average price of $1.04.

According to a report by Golden Finance, AI game startup Launcher has completed a $4 million seed round of financing, led by a16z Crypto Startup Accelerator (CSX).

According to Golden Finance, TraderT monitored that the United States saw a net inflow of $375 million into the Spot Bitcoin ETF yesterday.

According to Gate News bot, monitored by Trader T, the net inflow of Bitcoin Spot ETFs in the US yesterday was $375.06 million, with the following specifics: IBIT (BlackRock): $57.99 million FBTC (Fidelity): $136.83 million BITB (Bitwise): $14.46 million ARKB (Ark Invest): $139.93 million HODL (VanEck): $18.79 million BTC (Grayscale mini): $7.06 million

According to Gate News bot, monitored by Ai Yi, half an hour ago, Trump's family's encryption project WLFI airdropped 47 USD1 to WLFI subscribers, which was directly airdropped to an Ethereum address.

Gate News bot message, South Korean President Lee Jae-myung stated that economic rise will be achieved, and after the martial law crisis, it is time to restore democracy, responding to the public's call for the establishment of a brand new nation.

Jin10 reported on June 4 that, according to a comprehensive report from Vietnam News Agency, Express News, and Youth Newspaper on June 3, Vietnam has abolished the regulation that "each family can have a maximum of two children." Starting from the 3rd, a couple can have more than two children.

Gate News bot reported that NYSE Arca, a subsidiary of the New York Stock Exchange, has filed a Form 19b-4 with the Securities and Exchange Commission (SEC) to launch a fund issued by Trump's media company Truth Social that is similar to the existing spot Bitcoin ETF - Truth Social Bitcoin ETF. The filing was filed on behalf of Yorkville America Digital, a crypto asset management firm that is a partner at (Trump Media & Technology Group), the owner of Truth Social, Trump Media Technology Group.

ChainCatcher news, Whale James Wynn stated on the X platform: "BlackRock's purchase of Ethereum is the standard opening move on the chessboard before the Bitcoin explosion."

Jin10 reported on June 4 that Daiwa Securities analysts Carlton Lai and Steven Nie pointed out in a research report that the trade war may provide important original equipment manufacturers (OEMs) with long-term opportunities to expand market share rather than pose a threat. They stated that although some brand clients have requested contract manufacturers to assist in controlling costs, these requests are generally mild. The investment bank also noted that the demand for capacity in Southeast Asia remains strong, and the bargaining power of contract manufacturers is still robust.

Gate News bot news, North American construction company SolarBank announces the adoption of Bitcoin financial strategy. Source: Cointelegraph

Gate News bot message, renowned trader James Wynn stated on social media that BlackRock's acquisition of Ether is a standard opening move on the chessboard before Bitcoin's breakout.

According to Gate News bot, monitored by Onchain Lens, a Whale deposited USDC worth 3 million dollars into HyperLiquid and purchased 80,321 HYPE at an average price of 37.35 dollars. In the past 3 days, the Whale spent a total of 6 million dollars, using two different Wallets to buy 170,904 HYPE at an average price of 35 dollars.

Odaily News Japan's listed company Metaplanet CEO Simon Gerovich posted on X, stating that Metaplanet (3350.T) has a total trading volume of 222 billion yen (approximately 1.51 billion USD) on the Tokyo Stock Exchange, with a trading volume of 170 million shares, becoming the first in both market trading amount and trading volume simultaneously across the entire market.

BlockBeats news, on June 4th, according to Onchain Lens monitoring, a certain Whale deposited 3 million USDC into Hyperliquid and purchased 80,321 HYPE at a price of $37.35 each. In the past three days, this Whale has spent a total of $6 million through two different Wallets, acquiring 170,904 HYPE at an average price of $35 each.

According to Onchain Lens monitoring, a certain Whale Address just deposited 3 million USDC into HyperLiquid and bought 80,321 HYPE at a price of 37.35 USD. In the past 3 days, the Whale has spent approximately 6 million USD through two wallets, accumulating 170,904 HYPE, with an average purchase price of 35 USD.

Gate News bot message, in May, the actual Computing Power of three major Bitcoin mining companies, MARA Holdings, CleanSpark, and Riot Platforms, increased by a total of 17.9 EH/s, a growth of 15.5%, further raising the Mining Difficulty of the Bitcoin network.

Odaily News According to Time.fun, its platform's first round (Season 1) of the points incentive program has officially started, and the first batch of points distribution has been completed. This round of Airdrop weight heavily references user volume and asset Holdings, while also examining creator interaction data, including redemption frequency and trading activity. The official emphasizes that the points distribution criteria will continuously be adjusted each round, encouraging users to remain active in trading and participate in interactions to earn more points and potential rewards in the future.

Golden Finance reports that the California Assembly passed a bill with 68 votes in favor and 0 votes against, allowing the state to receive payments in Bitcoin and Digital Money. The bill will be submitted to the Senate for consideration.

As of June 3, BlackRock's Bitcoin Spot ETF (IBIT) ranked among the top 25 ETFs in the U.S. with $72.4 billion in assets, becoming the youngest product, and is expected to surpass Satoshi Nakamoto Wallet by the end of next year, demonstrating the attractiveness of ETFs in terms of convenience and liquidity.

Gate News bot message: U.S. Senator Cynthia Lummis stated that certain departments within the U.S. military support the establishment of a national Bitcoin reserve to address the threat of economic warfare. Lummis mentioned in an interview with Bloomberg on June 3 that some U.S. generals, especially those stationed in Southeast Asia, support storing Bitcoin as part of a strategic geopolitical initiative.

Gate News bot news, Hong Kong stock stablecoin concept stocks rose at the beginning of the session, and Linklogis Technology (09959. HK) rose by more than 10%, and the numbers (02598. HK) rose more than 5%, China Everbright (00165. HK) rose more than 3%, Zhongan Online (06060. HK) rose more than 1%.

On June 4th, news came that Farcaster tweeted it has supported the Monad network.

Gate News bot news, the California Assembly passed a bill with 68 votes in favor and 0 against, allowing the state to receive payments in Bitcoin and Digital Money. The bill will be submitted to the Senate for consideration.

Gate News bot message, based on the conversation between Georgetown University law professor Chris Brummer and Ripple CEO Brad Garlinghouse, Ripple has never sought an acquisition of Circle. Garlinghouse dismissed recent media reports about Ripple offering $4 billion to $5 billion to acquire Circle. "Brad was very clear — Ripple has never sought an acquisition of Circle. While he wishes the company well, he is not currently considering an acquisition of Circle," Brummer posted on X on Tuesday, citing their conversation "48 hours ago" at the Ripple Las Vegas conference. This conversation was not initially made public. Bloomberg was the first to report that Ripple made an offer to Circle, but it was rejected due to the low bid. However, a representative from Circle stated that the company has made it clear that "they are not seeking to sell."

According to the Gate News bot, monitored by Lookonchain, 3 hours ago, a wallet associated with the TRUMP team deposited 4.17 million TRUMP (46.97 million USD) into multiple CEX.

Gate News bot message, Bizantine Capital co-founder and managing partner Zheng is bullish on ETH. He believes that due to the recent Pectra upgrade, Ethereum has better scalability than Solana, and the inflation rate remains consistently lower than Bitcoin, allowing Ethereum to maintain its position as the leading L1 blockchain. Meanwhile, analysis indicates that institutional interest in Ethereum is rising sharply, with exchange balances dropping to a seven-year low, and there has been a significant inflow of funds into ETH-focused investment products, suggesting that institutional investors' bullish trend on Ethereum is strengthening.

Odaily Planet Daily News Previously, it was reported that Trump will launch a branded crypto wallet and trading app, according to the X platform information, the X account associated with the Trump Wallet website of Trump Wallet is currently in a state of "account has been frozen", it is reported that X will freeze the account that violates X rules, reminding community users to interact with caution.

Odaily News Hut8, a Nasdaq-listed Bitcoin mining company, stated on the X platform that it has received multiple reports of fraud, claiming that individuals are impersonating company representatives in Brazil, South Korea, and Hong Kong. Hut 8 clarified that at this stage, it does not have operations or authorized representatives soliciting investments in these regions, and urges community users to remain vigilant against scams.

The CEO of the NFT platform Magic Eden, Jack, stated on platform X that they are collaborating with the TRUMP team to develop a Wallet aimed at enhancing mainstream users' understanding of Crypto Assets. The Wallet supports multiple mainstream coins and assets, offers a smooth user experience, and achieves complete self-custody.

Gate News bot message, Coinglass data shows that in the past 24 hours, the total liquidation across the network was 168 million USD, of which long orders accounted for 95.1016 million USD and short orders accounted for 72.7742 million USD. Liquidations for ETH were 41.3683 million USD, surpassing the liquidation amount for BTC (28.9561 million USD).

Gate News bot Message, on June 3 local time, the White House submitted a request to Congress to retract the approved $9.4 billion in spending, most of which was allocated for foreign aid. U.S. House Speaker Mike Johnson stated that he has officially received the White House's request to retract $9.4 billion in wasteful foreign aid expenditures to agencies such as the U.S. Agency for International Development and the U.S. Public Broadcasting Service. Mike Johnson said that the House will act swiftly.

According to the network status monitoring website DownDetector, since 7:10 PM Eastern Time, users have reported server connection issues on the online gaming platform Roblox, with over 100,000 reported outages.

Gate News bot reports that according to CME's "The Federal Reserve (FED) Watch": the probability of the Federal Reserve keeping the interest rate unchanged in June is 98.8%, while the probability of a 25 basis point rate cut is 1.2%. The probability of the Federal Reserve keeping the interest rate unchanged in July is 74.3%, with a cumulative probability of a 25 basis point rate cut at 25.4% and a cumulative probability of a 50 basis point rate cut at 0.3%.