Odaily reported that DWF Labs Co-Founder Andrei Grachev FF posted on X, stating that BitMine and Strategy could potentially cause the largest market crash in cryptocurrency history. He hopes this scenario does not materialize but advises you to consider your trading strategy if BTC drops to between $10,000 and $20,000.
Odaily Bitcoin continued its decline this week, recently trading at $60,619, approximately 12.6% lower than its closing price of around $69,355 on November 5, 2024, the day of the US election. It briefly dipped below $60,000 for the first time since 2024, falling nearly 52% from its all-time high. After Trump's re-election in 2024, Bitcoin surged above $75,000 and reached approximately $109,000 in January 2025. In October 2025, Bitcoin hit a high of $126,080 before dropping from above $121,000 to $106,000 amid a $19 billion liquidation event in the crypto market. In January 2026, Bitcoin ETFs saw net outflows exceeding $1.5 billion. Michael Saylor's Strategy sold 32 Bitcoins worth approximately $2.5 million at the end of May. Trump recently stated that he would not let the crypto industry down. The GENIUS Act was signed into law last year, while the Clarity Act, which passed a committee vote in May, has yet to complete the legislative process. (Decrypt)
Odaily reported that Goldman Sachs partner and head of Americas Equity Execution Services, John Flood, stated that Friday's sharp decline in U.S. stocks presents a buying opportunity. The technical characteristics of this pullback are more in line with a healthy adjustment, primarily driven by profit-taking ahead of the weekend and market expectations of increased new supply. He noted that the recent market downturn resembles a normal correction within a bull market rather than a trend reversal. Concerns remain among investors about inflationary pressures, Iran-related geopolitical risks, and potential uncertainties in the private credit market, indicating that the market has not yet fallen into excessive optimism. Flood said that the S&P 500 has a clear path to reach 8,000 points this year, and there are few opportunities to buy the dip this year. Historically, buying when the S&P 500 pulls back by 2% tends to be rewarding.
Odaily Planet Daily News: ASML (ASML.O) announced that Elon Musk will speak at the company's virtual technology conference, where he will discuss the TERAFAB project, AI vision, and chip manufacturing. (Jin10)
Odaily Odaily Planet Daily News ZODL, a core contributor to the Zcash ecosystem, announced that it is collaborating with Tachyon, Valar Group, Zcash Foundation, and Shielded Labs to propose a new network upgrade and privacy pool, Ironwood. Ironwood will be built upon the existing Orchard protocol and will further enhance security through formal verification and additional independent audits.
According to the proposal, the entire ZEC supply within Orchard will be migrated to Ironwood via a "Turnstile" mechanism. This mechanism allows anyone to independently verify the circulating supply of Zcash, ensuring that the amount of ZEC in circulation does not exceed the amount that has actually entered the new pool. After the upgrade, the Orchard pool will close to new deposits and internal transactions, only permitting fund migration to Ironwood through the Turnstile.
ZODL stated that recently identified Orchard soundness issues have been resolved through responsible disclosure and a coordinated upgrade. There is currently no evidence that the vulnerability was exploited, nor any indication that user funds, privacy, or the total ZEC supply were affected. It is reported that wallets supporting Orchard will offer a one-click migration function after the upgrade, and users' existing Orchard receiving addresses will continue to be usable. The team plans to activate Ironwood at the end of July 2026, after zcashd support is discontinued (at block height 3,417,100), though the specific timeline depends on testing, audits, and ecosystem coordination progress.
Odaily reported that, according to Onchain Lens monitoring, one hour ago, Longling Capital deposited 10,000 ETH, worth $15.68 million, to Binance. Twenty-five minutes ago, a wallet (0xD49...7E3) suspected to be associated with Metalpha deposited 7,912 ETH, worth $12.32 million, to Binance.
Odaily Odaily reports that according to monitoring by on-chain analyst Yu Jin, after Longling Capital (0x347...dcf) deposited 10,000 ETH into Binance, its associated address withdrew 21.94 million USDT from Binance. The address holds 95,800 ETH (valued at $149 million) on Aave, has borrowed 91.33 million USDT, and the ETH liquidation price is $1,148.
Odaily Seer Channel monitoring shows that the probability of "Trump attending the 2026 NBA Finals live" on Polymarket has risen to 90%, a 29% increase in a week.
Today, the New York Knicks defeated the San Antonio Spurs 105-104 on the road again, taking a 2-0 series lead. When asked by reporters at the White House earlier whether he would attend Game 3 of the NBA Finals, Trump stated that he had accepted an invitation from Knicks owner James Dolan, replying: "The answer is yes. He invited me, and I will go."
The Knicks are making a strong push for their first championship title since 1973. Game 3 of the Finals is scheduled to tip off at 8:30 AM on June 9. It is worth noting that Trump sat in VIP seats courtside when the Knicks advanced to the Finals in 1999.
Odaily Seer Channel continues to monitor prediction markets, seeing changes before the price is set.
Odaily reports that, according to Lookonchain monitoring, a whale borrowed 142 million USDT from Aave and used it to purchase 87,680 ETH at an average price of $1,620 over 30 hours. The whale's health factor on Aave has dropped to 1.16, with a liquidation price of $1,354.51.
Odaily Odaily reports that as prediction market trading volume grows, institutional capital is entering this sector. Quantitative trading firms such as DRW, Wintermute, and IMC are forming dedicated prediction market trading teams, recently posting relevant job openings to focus on platforms like Polymarket and Kalshi. These teams aim to capture pricing deviation profits through cross-platform arbitrage, market microstructure arbitrage, and news-driven trading strategies. Industry insiders believe that as the prediction market expands and on-chain trading platforms like Hyperliquid plan to launch prediction market products, a competition centered on latency, liquidity, and cross-platform efficiency has already begun. (CoinDesk)
According to on-chain analyst Ember's monitoring, 10 minutes ago, Longling Capital transferred 10,000 ETH, worth $15.68 million, to Binance.
Odaily Planet Daily News A Bitcoin address that had been dormant since March 2011 transferred out its 35.55 BTC holdings this week. This address is involved in a lawsuit in New York covering 39,069 wallets. The case was filed by pseudonymous plaintiff Noah Doe and two Wyoming LLCs, seeking legal ownership of approximately 3.8 million Bitcoin under New York's abandoned property laws. Relevant defendants were notified via OP_RETURN dust transactions embedded in the blockchain; another address from 2011 recently also saw a transfer.
Odaily reported that Michael Saylor posted on platform X, stating that the AI buildout is absorbing capital on a historic scale and putting temporary pressure on global markets. This does not weaken Bitcoin, but rather strengthens the value proposition of scarce, liquid digital capital. Bitcoin remains the premier long-term asset.
Odaily Planet Daily News Iran's Foreign Ministry issued a statement strongly condemning the US military's attacks on radar and coastal surveillance facilities in the Sirik region and Qeshm Island, calling these strikes a blatant violation of the ceasefire agreement and an act of military aggression against Iran's sovereignty and territorial integrity. The Iranian Foreign Ministry stated that the US's repeated breaches of the ceasefire once again prove that it has no intention of de-escalating the situation or returning to a stable track, but instead endangers regional security through reckless actions. The US government will bear all responsibility for the resulting consequences and any potential escalation of the situation. The Iranian Foreign Ministry emphasized that Iran has the inherent right to self-defense and will utilize all its capabilities and resources to defend national sovereignty, security, and national interests. (Jin Shi)
According to Odaily, the "New Stock God" Serenity posted on X platform that his account has accumulated 107,894,491 impressions, with corresponding creator earnings of approximately $4,649. He stated that all income will be used for stray dog rescue, with larger-scale donations to follow. Based on current estimates, rescuing each dog costs about $600, so the scale of rescue operations will be directly proportional to the growth of his fan base.
Serenity stated that he prefers to profit from the investment market rather than from his followers, and therefore never felt the need to set up high paywalls or run paid advertisements. He added that even without the creator earnings program, he would continue to share his investment insights.
Odaily: This week, investors have withdrawn $1.7 billion from US spot Bitcoin ETFs. (Bitcoin News)


