According to CoinWorld, digital asset treasury firms are facing pressure as the crypto market declines, with major Bitcoin, Ethereum, and Solana holders suffering huge unrealized losses. Artemis data shows that treasury firms focused on Hyperliquid are the only major group still holding significant paper gains, with Hyperliquid strategies holding approximately 23.7 million HYPE, representing over $1.1 billion in unrealized gains. In contrast, firms holding reserves around Bitcoin, Ethereum, and Solana face billions of dollars in unrealized losses. Strategy currently holds over $12.8 billion in unrealized Bitcoin losses, with its average acquisition cost climbing to approximately $75,000. Ethereum treasury Bitmine faces approximately $10.5 billion in unrealized losses on over 5.4 million ETH. Solana treasury firms also suffered losses as SOL fell below $65 on Friday, hitting its lowest price since 2023.

According to CoinWorld, Huang Licheng, a prominent figure in the cryptocurrency community, increased his long position in ETH by 275 tokens on the HyperLiquid platform, equivalent to approximately $459,130, bringing his total holdings to $2,295,105. The average price per ETH increased from $1,584.46 to $1,588.55. Currently, the profit/loss for this long position is $31,413.23, representing a 34.22% increase. The current ETH price is $1,610.59, and the liquidation price is $1,577.24.

According to CoinWorld, the unrealized loss on the ETH long positions held by the Matrixport-affiliated address "ETH Long Position TOP 1" has narrowed. The address's profit/loss has narrowed from -$28,088,002.75 (-673.76%) to -$26,071,973.58 (-605.87%), with an average price of $2,265.48. The current ETH price is $1,613.69, the liquidation price is $1,309.48, and the total position size is $64,548,934.01. This address has received multiple inflows of funds from Matrixport (now renamed Bit) and is currently the largest on-chain ETH long position, with two other affiliated addresses coordinating their positions.

According to CoinWorld, Ripple's David Schwartz explained the future direction of the XRP ledger to the community in the latest "XRP in One Minute" video. He elaborated on the network's roadmap for transitioning to tokenized assets and decentralized finance (DeFi). Schwartz pointed out that XRP's development is taking place within the broader historical context of the cryptocurrency industry, emphasizing that the Ripple network aims to further adapt to a wider range of financial instruments. He mentioned that the XRP ledger not only provides native digital assets similar to Bitcoin but can also represent stablecoins or any type of tokenized asset. Schwartz also noted that a growing number of businesses are using the XRP ledger to offer tokenized real-world assets and predicted that this trend of institutional adoption and asset tokenization will accelerate. Looking ahead, he believes that decentralized finance will completely replace traditional finance, with businesses offering features that attract mass retail adoption.

According to CoinWorld, market predictions indicate a 64% probability that Cuban President Miguel Díaz-Canel may be impeached this year. This news comes as Trump intensifies pressure on Cuba.

According to CoinWorld, SpaceX announced a significant computing agreement with Google. From October 2026 to June 2029, Google will pay SpaceX $920 million per month for access to approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related equipment. This agreement comes as SpaceX plans to list on Nasdaq, which is expected to be the largest IPO in history. Google stated that demand has exceeded expectations, and the agreement with SpaceX will provide it with transitional capabilities to meet customer needs.

According to CoinWorld, Anthropic co-founder Jack Clark recently warned new employees to "cultivate some non-computer-related hobbies" and stated that the company is building a "superhuman coder with nation-state hacking capabilities."

According to CoinWorld, MoneyGram's Josh Gordon-Blake stated that stablecoins have already provided value in practical applications, helping companies scale faster, reduce costs, and expand access to dollar-denominated values in 200 countries.

According to CoinWorld.com, Brad Sherman criticized a proposal to distribute government payments via stablecoins at a congressional hearing, warning that such a system could support tax evasion. He stated that the risks of using stablecoins for government payments outweigh any potential benefits. Sherman's criticism came after Kyle Hauptmann, chairman of the National Credit Union Administration, suggested that stablecoins could improve the speed of government payments. Hauptmann told lawmakers that dollar-pegged tokens operate 24/7, allowing tax refunds and emergency payments to reach recipients outside of traditional bank hours. Sherman also expressed concerns about yield-bearing stablecoins, stating that legal professionals are already exploring ways to circumvent interest payment restrictions and urging regulators to develop rules that can prevent such outcomes.

According to Bijie.com, Huang Licheng, a trader known for his shrewd trading, increased his long position in ETH by 275 units, worth approximately $461,000, on the HyperLiquid platform. His current holdings total $1,835,975, with the average price adjusted from $1,582.88 to $1,584.46. His current profit/loss is $13,845.06 (18.85%). The current ETH price is $1,596.50, and the liquidation price is $1,562.47. This trader previously profited from blue-chip NFTs, but after becoming active this year, he suffered significant drawdowns since October, reducing his capital from over $100 million to several hundred thousand US dollars.

According to CoinWorld, the unrealized profit of HYPE long positions has expanded to $29.0836 million, a gain of 176.36%. The current price is $59.75, the liquidation price is $49.98, and the total open interest is $82.4576 million. This address heavily bought HYPE before its listing on Robinhood and is now the largest long position holder in HYPE, having previously suffered significant unrealized losses.

According to CoinWorld, Senator Cynthia Lummis stated that digital assets and traditional banks can coexist; the challenge lies in convincing lawmakers that stablecoins will not drain deposits from community banks. She believes that digital assets can coexist with traditional banks and create new opportunities for local banks.

According to CoinWorld, Helium founder Amir Haleem has announced his resignation as CEO of Nova Labs, following a sharp decline in the HNT token price over several years, which has now fallen by 96%. Haleem stated on social media that Mario Di Dio will succeed him as CEO, while he will become chairman. This leadership change comes at a time when the HNT token is under immense pressure; HNT fell another 15% on the day of Haleem's resignation. Nova Labs completed the sale of Helium Mobile on June 2, 2026, and Haleem's resignation was announced two days prior to the sale. Although Helium Mobile has become one of the project's more significant consumer products, the HNT token has not recovered since the sale, falling 30% in the past week and 46% in the past month.

According to CoinWorld.com, the unrealized losses on the long positions of the BTC OG insider whale have narrowed from $21.5127 million (-143.36%) to $19.288 million (-124.83%). The whale's average purchase price was $76,117.30, the current price is $60,909.95, the liquidation price is $37,825.50, and the total holdings are $77,254,276.93. This address previously held over 50,000 BTC and, after eight years of inactivity, gradually converted some of its BTC holdings into ETH. Its operations were highly synchronized with Trump's rhetoric and US policy developments, and it profited nearly $100 million by shorting before the "10.11" crash, attracting market attention.

According to CoinWorld, the unrealized loss on ZEC's largest short position, MU, has narrowed from $2.8537 million (-51.80%) to $1.7734 million (-26.91%). The current ZEC price is $862.96, the liquidation price is $1,419.56, and the open interest is $9.0619 million. This address started shorting ZEC at $184, previously incurring a loss of $21 million, and recently became the largest long position in the S&P 500, exceeding $70 million.

According to Watcher Guru, the US stock market lost $1.75 trillion in market capitalization today, and the total market capitalization of the cryptocurrency market decreased by $130 billion.

According to CME's weekly cryptocurrency holdings report, BTC holdings this week were 19,882 contracts, a decrease of 8.06% week-on-week, while ETH holdings were 25,516 contracts, a decrease of 17.30% week-on-week.

According to CoinWorld, ASTER reduced its short position by 635,170 ZEC, equivalent to approximately $593,824.56, bringing its current open interest to $1,535,677.86. The average price was $0.70, resulting in a current profit/loss of $238,475.58 (46.59%). The current price is $0.61, and the liquidation price is $10.88. This address started shorting ZEC at $184, initially incurring a floating loss of $21 million, but later turned a profit and recently became the largest long position in the S&P 500, exceeding $70 million.

According to CoinWorld, Matthew Siegel of Vaneck stated that Bitcoin will become a mainstream asset, capable of competing with other reserve settlement currencies.

According to CoinWorld, Bitcoin's price has fallen below $60,000, with the latest trading price at approximately $59,400. This decline stems from strong US employment data, prompting traders to lower their expectations for a Federal Reserve rate cut. The latest data shows that the US economy added 172,000 non-farm payroll jobs in May, far exceeding the expected 85,000, while the unemployment rate remained at 4.3%. This data triggered market concerns about policy tightening, causing Bitcoin to fall by approximately $19,000 over the past 10 days, breaking below the $60,000 support level for the first time. Meanwhile, liquidations in the derivatives market exacerbated the selling pressure, with over $155 million in long positions liquidated in the past 24 hours. Despite this, institutional inflows showed some signs of stabilization; on June 4th, the US spot Bitcoin ETF recorded a net inflow of approximately $3 million, ending 13 consecutive days of outflows.