Odaily reported that market data shows USDT’s market cap has surpassed ETH, rising to second place in the cryptocurrency market cap rankings.

As of press time, USDT’s market cap stands at approximately $187.034 billion, while ETH’s market cap is around $184.423 billion.

Odaily reported that according to Lookonchain monitoring, a wallet associated with Ethereum co-founder Joseph Lubin (0x1b3...A7C2) transferred 80,001 ETH, worth $121.6 million, after more than three years of inactivity. The wallet holds 243,300 ETH, worth $370 million.

According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, a long margin position worth $168 million in ETH has been liquidated again, with 10,117 ETH being liquidated this time. Since last night, the position has accumulated a total liquidation of 31,915.13 ETH.

The latest on-chain data shows that the address starting with 0xc3f still has 41,167.63 ETH in outstanding loans, with a corresponding liquidation price of $1,472.09; the address starting with 0x34d still has 31,537.7 ETH in outstanding loans, with a corresponding liquidation price of $1,458.78.

Odaily reports that Lookonchain posted on X platform, stating that Arthur Hayes (@CryptoHayes) previously shilled ZEC, NEAR, and WLD. He sold near the top, subsequently disclosed his exit and turned bearish. Currently, ZEC, NEAR, and WLD have returned to their pre-shill levels.

Odaily reported that, according to Lookonchain monitoring, 6 hours ago, the Pando Rings hacker (0x303...3d9F) spent 10 million DAI to buy 6,243 ETH at an average price of $1,602.

According to SoSoValue data, yesterday (Eastern Time June 5), Bitcoin spot ETFs saw a total net outflow of $326 million.

The Bitcoin spot ETF with the highest daily net inflow yesterday was the Morgan Stanley ETF MSBT, with a single-day net inflow of $4.2773 million. Currently, MSBT's historical total net inflow has reached $268 million.

Next was the VanEck ETF HODL, with a single-day net inflow of $4.2190 million. Currently, HODL's historical total net inflow has reached $1.151 billion.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was the BlackRock ETF IBIT, with a single-day net outflow of $214 million. Currently, IBIT's historical total net inflow has reached $62.470 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $75.115 billion, with the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) reaching 6.08%. The historical cumulative net inflow has reached $53.940 billion.

Odaily reported that Haseeb, Managing Partner at Dragonfly, has addressed the recently patched Zcash vulnerability, stating that there are many misconceptions in the market regarding the incident. He pointed out that even if the vulnerability had been exploited before the fix, an attacker could only profit by forging ZEC within the shielded pool. For these tokens to enter mainstream trading platforms, they would first need to be converted from shielded addresses to transparent addresses. Since the supply of ZEC in transparent addresses is publicly verifiable, any abnormal transfers exceeding the maximum supply would be detected and blocked. Therefore, the vast majority of investors and exchange users holding transparent ZEC would not be affected.

Haseeb stated that the Zcash team plans to introduce a new “Turnstile” mechanism and a new shielded pool in future upgrades to verify that the current shielded pool does not suffer from inflation issues. He also noted that formally verified cryptographic systems can reduce implementation errors at the design level. Finally, Haseeb disclosed that Dragonfly still holds ZEC, and he is personally an investor in ZODL.

Odaily Planet Daily News: Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on X platform. For the week ending June 5, its Bitcoin mining output was 205.3 BTC, and it sold 205.3 BTC during the same period, resulting in a net increase of 0 BTC. It currently maintains zero Bitcoin holdings.

On-chain analyst Yujin posted on Platform X, stating that Michael Saylor's Strategy currently has an unrealized loss of $12.456 billion, representing a 19.5% decline; Tom Lee's Bitmine currently has an unrealized loss of $10.362 billion, representing a 54.9% decline. Bitmine's ETH holdings have seen unrealized losses exceeding half, while Strategy's unrealized loss rate is about 20%, but the absolute amount has already surpassed that of Bitmine.

Odaily Seer Channel monitoring shows that in the predict.fun "2026 NBA Champion" prediction event, the Spurs' championship probability briefly plummeted to 19%, down 28% in 24 hours; the Knicks' championship probability rose to 81%. The total trading volume for this event has exceeded $627 million.

This morning, NBA Finals Game 2 concluded, with the Knicks defeating the Spurs 105-104 on the road, taking a 2-0 series lead.

Odaily Seer Channel continues to monitor the prediction market, seeing changes before the price is set.

Odaily reported that “New Stock God” Serenity posted on X platform, stating that although they had been emphasizing to retail investors and Swedish hedge funds the importance of Sivers (SIVE) to the Co-Packaged Optics (CPO) industry chain, the market had not fully taken this perspective seriously. After a large number of retail investors were shaken out of their positions, JPMorgan Chase seized the opportunity to significantly increase its holdings of Sivers shares, with this increase primarily coming from institutional funds. Currently, JPMorgan Chase’s stake in Sivers has rapidly risen from 0.4% last month to over 5% this month.

Odaily Planet Daily News: According to crypto analyst Ai Yi @ai_9684xtpa's monitoring, an a16z-affiliated entity has added another 90,091 HYPE tokens in the past 10 hours, valued at approximately $5.238 million.

On-chain data shows that the entity has accumulated a position of 6.996 million HYPE tokens since 2026, with a total value of approximately $327 million and an average entry price of around $46.85.

Odaily Planet Daily News ARK Invest CEO Cathie Wood posted on platform X that the latest jobs report came in stronger than expected, with non-farm payrolls increasing by 172,000 compared to a market expectation of 88,000, with upward revisions of 93,000 from prior months, and wage growth of approximately 0.3%. Cathie Wood stated that current productivity growth is near 3%, and unit labor costs are around 0.5%. The bond market appears to be pricing in the deflationary effects of technological innovation, particularly as AI begins to enhance productivity across various sectors of the economy. If tensions with Iran ease and oil prices fall, she believes inflation could enter negative territory by the end of the year. The next phase of this cycle may feature accelerating economic growth, declining inflation, lower interest rates, and a stronger US dollar.

Odaily: The Royal Government of Bhutan has transferred 738 BTC, worth approximately $45 million, to a newly created wallet.

Odaily reported that the dividend-backed stablecoin protocol Apyx announced it has temporarily withdrawn most of the protocol's own liquidity during the U.S. stock market closure to protect existing users and ensure fair treatment for all holders.

Apyx stated that since STRC cannot be traded over the weekend, the protocol is unable to actively manage exposure or trade the underlying assets. Maintaining normal liquidity could cause a significant deviation between the secondary market price and the net asset value (NAV) of the underlying collateral, potentially benefiting or harming some users.

Apyx said it plans to restore liquidity and resume normal market operations before the U.S. stock market reopens on June 8.