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According to Foresight News, ARK Invest CEO Cathie Wood has projected that Bitcoin's price will increase fifteenfold over the next five years. Wood emphasized that Bitcoin represents a unique global monetary system, noting that its volatility is decreasing as more investors hold the cryptocurrency.

According to Foresight News, a collaborative effort involving Huaxia Fund (Hong Kong), Visa, Australia and New Zealand Banking Group, and Fidelity International has released the interim report for the second phase of the Hong Kong Monetary Authority's (HKMA) e-HKD+ pilot program. This initiative aims to explore how tokenization technology can drive the development of next-generation payment infrastructure, focusing on its role in facilitating transactions while ensuring financial stability and compliance. The next phase will involve sandbox participants conducting end-to-end transaction tests to examine how tokenization can reduce counterparty risk associated with settlements. Zhu Haokang, Head of Digital Asset Management and Family Wealth Management at Huaxia Fund (Hong Kong), stated, "Through the second phase of the e-HKD+ pilot program, we are collaborating with ANZ Bank and Visa to utilize tokenized bank deposits for purchasing tokenized funds issued by Huaxia (Hong Kong). This initiative demonstrates how new digital currencies can enhance the efficiency and transparency of fund unit issuance and circulation. The sandbox is not only a significant milestone in our digital asset strategy but also a crucial step in shaping the future of fund management."

According to PANews, Galaxy Digital has recently received a substantial Bitcoin transfer from Jump. Two hours ago, the company acquired 501 BTC, valued at $53 million. Over the past three days, Galaxy Digital has accumulated a total of 1,001 BTC from Jump, amounting to approximately $105.32 million. Currently, Galaxy Digital holds 4,377 BTC, with a total value of $46.237 million.

Binance has released its 31st Proof of Reserves (PoR) report, providing updated data on user asset holdings as of the snapshot date June 1, 2025. The report continues Binance’s commitment to transparency and user fund verification.The report reflects the following user asset balances:Bitcoin (BTC): 593,000 BTC, a 1.82% decrease compared to the previous snapshot on May 1.Ethereum (ETH): 5.337 million ETH, a 1.05% increase.Tether (USDT): 28.83 billion USDT, a 0.77% decrease, amounting to approximately 223 million USDT. 

According to Odaily, musician Jonathan Mann faced significant financial challenges after earning $3 million from NFT sales due to the cryptocurrency market crash and tax complications. In January 2022, Mann sold 3,700 songs as NFTs at $800 each, accumulating approximately $3 million in Ethereum (ETH). However, he did not convert the earnings promptly, and the subsequent decline in ETH's value led to a substantial tax liability. The U.S. Internal Revenue Service required him to pay taxes on the full income, amounting to $1.095 million. To manage the tax burden, Mann used his ETH as collateral for loans through Aave. Unfortunately, the collapse of the Terra ecosystem triggered a series of liquidations, resulting in the loss of 300 ETH. Ultimately, Mann had to sell an Autoglyph NFT, which he had purchased earlier, for $1.1 million to cover the tax payment. Despite these setbacks, Mann continues to create and release NFT songs daily, hoping to achieve success once more.

According to BlockBeats, Greeks.Live analyst Adam highlighted on social media the significance of macroeconomic data this week, particularly the Consumer Price Index (CPI) release on Wednesday. Additionally, Tuesday will see several crypto-related discussions and the commencement of U.S.-China trade talks, both of which are noteworthy events.The ongoing confrontation between U.S. President Donald Trump and Elon Musk remains a focal point, as both are influential figures supportive of cryptocurrency.In terms of market trends, Bitcoin's short to medium-term implied volatility has generally fallen below 40%, while Ethereum's major maturities hover around 65%, indicating relatively low levels. Overall, the market does not anticipate significant fluctuations in the near future. For those with a perspective on potential market movements, purchasing options could be a highly cost-effective strategy, with deep out-of-the-money options in the medium to long term also reaching a favorable buying range.

According to the announcement from Binance, starting on 2025-06-11 at 10:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Stratis (STRAX) network. This suspension is to facilitate a network upgrade and hard fork, aimed at enhancing user experience. The upgrade is scheduled to occur at block height 2,587,200, approximately at 2025-06-11 11:00 (UTC).The trading of tokens on the Stratis network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is confirmed to be stable post-upgrade, deposits and withdrawals will be reopened. No additional announcements will be made regarding the reopening of these services. Users are encouraged to stay informed through official channels for any updates related to the network's stability and functionality.

According to Cointelegraph, Cetus Protocol, a decentralized exchange native to the Sui blockchain, is transitioning to an open-source model following a significant security breach in May that resulted in a $220 million exploit. The attack, which occurred on May 22, exploited a flaw in the pricing mechanism, allowing the attacker to drain tokens from the exchange's major liquidity pools. In response, Cetus managed to freeze $162 million of the stolen funds shortly after the incident.Prior to the attack, Cetus had been experiencing a surge in trade volume, with over $5 billion recorded in both April and May, despite the shutdown following the exploit. In a Medium post dated June 7, the Cetus team announced their move towards becoming fully open-sourced, introducing a new white bounty program aimed at encouraging collective technical and security contributions. As part of their relaunch efforts, the team worked tirelessly to patch the software vulnerability, restore pool data to accurate pricing, and conduct comprehensive security audits on all code fixes and contract upgrades.To replenish the affected liquidity pools, Cetus utilized a combination of $7 million in cash reserves, a $30 million USDC loan from the Sui Foundation, and some of the recovered assets from the attacker. However, not all pools were fully restored, with recovery rates ranging from 85% to 99%, depending on the extent of the drain during the attack. In an effort to compensate affected users, Cetus has allocated 15% of its native token supply, CETUS, for a compensation plan. This includes 5% available immediately and 10% to be unlocked linearly over the next year, starting June 10.Despite the relaunch, the CETUS token has seen a decline, dropping over 12% in the last 24 hours to trade at $0.11, as reported by CoinGecko. The protocol is also planning to enhance its monitoring system and conduct additional security audits. Legal actions are underway, with proceedings launched in multiple jurisdictions and law enforcement agencies actively involved. Cetus remains confident in the eventual recovery of the remaining assets, despite the attacker's attempts to launder the stolen funds. The day after the hack, Cetus had offered a white hat bounty of up to $6 million to the exploiter for the return of the stolen 20,920 Ether and the $162 million in frozen funds on the Sui blockchain.

According to PANews, a report from CITIC Securities highlights the rapid growth and increasing legitimacy of cryptocurrencies, noting their strong privacy features and resistance to inflation. As the demand for cryptocurrencies grows, they are forming a stable base similar to gold, influencing speculative pricing dynamics. However, in the short term, due to insufficient monetization and high-risk preferences among marginal price setters, cryptocurrencies exhibit stronger speculative characteristics.In the medium to long term, both cryptocurrencies and gold are expected to benefit from trends such as de-globalization and de-dollarization, which contribute to their monetization. While the "future gold" may not necessarily include Bitcoin, it is likely to involve cryptocurrencies. In the short term, cryptocurrencies may benefit from potential regulatory easing during U.S. President Donald Trump's tenure, although this is contingent on the certainty of trade and foreign policy decisions.

According to Foresight News, Michael Horowitz has been appointed as the new Inspector General of the Federal Reserve, succeeding Mark Bialek, who retired in April after serving since 2011. In his role, Horowitz will also oversee the Consumer Financial Protection Bureau (CFPB) independently. The Inspector General is selected by the Federal Reserve Chair, a process that some senators believe undermines the ability to effectively supervise the Federal Reserve. Consequently, legislation has been proposed to have the Inspector General appointed by the U.S. President and confirmed by the Senate.

According to Binance Market Data, BNB has dropped below 650 USDT and is now trading at 649.890015 USDT, with a 0.15% increase in 24 hours.

According to BlockBeats, data from Polymarket indicates a 26% probability of the U.S. economy entering a recession in 2025. This figure has decreased from a previous high of 66% on March 2. The total trading volume for this prediction has surpassed $6.6 million.

According to PANews, the trend of public companies establishing cryptocurrency treasuries is expanding beyond Bitcoin to include a wider range of digital tokens, with the scale of allocations continuing to grow. Recently, two publicly listed companies announced plans to acquire XRP for their treasury holdings, while another company is purchasing ETH as a reserve.Throughout the year, Bitcoin treasury companies have frequently made headlines, with Strategy (formerly Microstrategy) leading the charge. VivoPower and Nasdaq-listed Webus have declared intentions to initiate $100 million and $300 million XRP treasuries, respectively, while SharpLink is establishing a $425 million ETH treasury.Galaxy Research has identified 28 cryptocurrency treasury companies, including 20 focused on BTC, 4 on SOL, 2 on ETH, and 2 on XRP. Despite the momentum and market interest in funding these companies with substantial assets, skepticism persists, particularly regarding the source of funds for some purchases: debt.Several companies rely on borrowed funds, primarily zero-interest and low-interest convertible notes, to acquire treasury assets. These notes can be converted into company equity by investors if they are 'in-the-money' at maturity, meaning the company's stock price exceeds the conversion price. However, if the notes are 'out-of-the-money' at maturity, additional funds are needed to cover liabilities, raising concerns about treasury company strategies.Moreover, there is a risk that these companies may lack sufficient cash to pay interest on their debts. Treasury companies have four main options: selling cryptocurrency reserves to raise cash, issuing new debt to refinance old liabilities, issuing new shares to cover liabilities, or defaulting if reserves do not fully cover liabilities.In the worst-case scenario, the path each company takes will depend on specific circumstances and market conditions, such as the feasibility of refinancing. Unlike debt-driven strategies, equity sales for asset purchases pose fewer concerns, as they do not create liabilities or default obligations.A recent report on the crypto leverage landscape examined the scale and maturity schedules of debts issued by Bitcoin treasury companies. Findings suggest that the perceived imminent threat is overstated, as most debts mature between June 2027 and September 2028.While concerns about debt-driven strategies are not unfounded given the industry's history with leverage, current methods appear to carry no significant risk. However, as debts mature and more companies adopt this strategy, higher-risk approaches may emerge, potentially involving shorter-term debt issuance. Even in adverse scenarios, companies have traditional financial options to navigate challenges without resorting to asset sales.

According to Odaily, Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) on June 7, aiming to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its crypto index benchmark. This change pertains to the Hashdex Nasdaq Crypto Index ETF (NCIQ), which plans to expand its tracking from the existing Nasdaq Crypto US Settlement Price Index (NCIUS) to the broader Nasdaq Crypto Index (NCI) that encompasses nine tokens. Currently, the NCI index includes cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to current SEC regulations, the ETF can only hold BTC and ETH, resulting in tracking error risks. If approved, the ETF will be able to invest in all index component assets, with a final decision expected by November 2, 2025. This move could mark a significant step towards diversification for U.S. crypto ETFs.

According to PANews, Michael Saylor, founder of Strategy, recently addressed concerns about quantum computing's potential threat to Bitcoin during an interview with CNBC. Saylor downplayed the risks, suggesting that Bitcoin's protocol could be updated through software upgrades to counter any imminent threats. He remarked that the notion of quantum computing as a threat is largely a marketing tactic by those promoting new quantum concept tokens. Saylor emphasized that major companies like Google and Microsoft would not sell computers capable of breaking modern encryption, as it would be detrimental to their interests, as well as to the U.S. government and banking systems.Various solutions are being explored to make Bitcoin's proof-of-work (PoW) resistant to quantum attacks, including quantum-resistant encryption hardware developed by startups like BTQ. A Bitcoin developer has submitted a Bitcoin Improvement Proposal (BIP) suggesting a hard fork to migrate wallet addresses to quantum-secure addresses. Saylor highlighted that the Bitcoin protocol undergoes annual upgrades, with phishing attacks posing a more significant security threat. He concluded that Bitcoin is a protocol with software that is updated yearly. However, not everyone agrees with Saylor's perspective. A recent report by Presto Research indicated that the crypto industry is "unprepared" for the impending quantum threat.

According to Binance Market Data, Ethereum (ETH) dropped below 2,500 USDT and is now trading at 2,497.840088 USDT, with a 0.86% decrease in 24 hours.

According to PANews, the biometric initiative World, co-founded by OpenAI CEO Sam Altman, is set to commence operations in London on June 12. The project aims to expand to other major UK cities, including Manchester, Birmingham, Cardiff, Belfast, and Glasgow in the coming months. The initiative seeks to use its Orb device to verify human identity and prevent fraudulent misuse of AI systems, such as deepfakes.

According to PANews, a revised amendment to the U.S. digital asset market structure legislation, known as the CLARITY Act, has been released. Reported by crypto journalist Eleanor Terrett, this updated version includes recent amendments and new content. The text will serve as the basis for review by Republican members of the U.S. House Financial Services Committee this Tuesday.

According to Odaily, Kraken's Chief Security Officer, Nick Percoco, has issued a warning about frequent security lapses at cryptocurrency industry conferences, highlighting the risks associated with using public Wi-Fi. In response, SlowMist founder Yu Jian expressed skepticism on the X platform, questioning the actual dangers of public Wi-Fi and the feasibility of executing successful cryptocurrency thefts through such networks. Yu Jian requested concrete examples, emphasizing his extensive experience in hacking within this field and urging against hypothetical scenarios.

According to Odaily, Casa co-founder Jameson Lopp has responded to claims made by Grok regarding Bitcoin's block size. Grok stated that Bitcoin's block size is approximately 664 GB, with an annual growth of about 72 GB, and suggested that removing OP_RETURN restrictions could increase block size by around 20%. Lopp, addressing these assertions on the X platform, criticized the reliance on artificial intelligence for explaining Bitcoin's technical details, calling the answer misleading. He clarified that block size data based on OP_RETURN is significantly smaller than that based on witness information records.