According to Cryptonews, Bill Huizenga, Chairman of the U.S. House Financial Services Oversight Subcommittee, publicly declared that cryptocurrency is the "future" during the "American Innovation and the Future of Digital Assets" hearing held on June 4th. The Michigan Republican congressman emphasized that "we must establish a sound regulatory framework as soon as possible" and revealed that the 2025 CLARITY Act, which he participated in drafting, will provide a legal basis for this. It is worth noting that Huizenga's statement coincides with his announcement of his candidacy for the 2026 Michigan Senate seat. He will compete within the party with former Congressman Mike Rogers, who also supports cryptocurrency. This hearing brought together industry representatives such as former SEC Commissioner Elad Roisman and Uniswap Chief Legal Officer Katherine Minarik to discuss the construction of a regulatory framework for digital assets.
Tonight at 20:30 (UTC+8), the United States will release its May non farm payroll data, and the market expects the number of new non farm jobs to reach 130000, lower than the previous value of 177000; The expected unemployment rate is 4.20%, unchanged from the previous value. Last night, the "live K-line" in the cryptocurrency industry saw Musk and Trump engage in a fierce battle, with Bitcoin, Ethereum, and Dogecoin all being affected to varying degrees. How exciting will BTC be tonight? ① Non farm data better than expected ➝ US dollar strengthens ➝ BTC short-term correction; ② Weak non farm data ➝ Rising expectations of interest rate cuts ➝ Rapid rebound of BTC; ③ Adding Musk and Trump's verbal interference makes BTC more prone to a "plug in+reverse plug" market. Before and after the data is released, the market fluctuates greatly, please take good risk control measures!
Cryptocurrency KOL @ btcNLNico disclosed on X platform the key points of the S-3 declaration document submitted by Trump Media and Technology Group (DJT) yesterday: 1. Formally adopting the Bitcoin vault strategy. 2. Registered new securities worth up to $12 billion, which can be used to purchase Bitcoin. This is an additional amount on the basis of approximately $2.44 billion previously raised through private equity. 3. The document mentions Bitcoin 362 times, while the previous S-3 declaration document only mentioned it once. If they complete the entire securities issuance, theoretically they can purchase approximately 140000 bitcoins at the current price. Note: The S-3 filing must be approved by the U.S. Securities and Exchange Commission (SEC) on Form EFFECT before it can take effect.
According to official announcements, in order to prevent market risks and provide users with a good trading experience, OKX will regularly delist some leveraged coin pairs. The specific offline plan is as follows: OKX will cease lending to BSV/USDT, BSV/BTC, LUNC/USDT, BAND/USDT, CELR/USDT, MOVR/USDT, and SWEAT/USDT coin pairs on June 6, 2025 at 5:30 PM (UTC+8). The above-mentioned coin pairs will also be taken offline from 2:00 pm to 6:00 pm (UTC+8) on June 11, 2025. In addition, according to official prompts, the offline time required for each coin pair is about 2 hours. Users who have borrowed/pledged coins in the above-mentioned leveraged trading pairs or current lending must repay the coins before the coin pair goes offline. If the borrowed coins are not repaid by then, the system will be triggered to force the repayment. Due to the significant fluctuations in the market, it is recommended that users close their positions before stopping trading to avoid losses when the system forces coin returns. For more details, please refer to the announcement: https://www.okx.com/zh-hans/help/okx-to-delist-several-margin-trading-pairs-06062025
According to BlockBeats, on June 6th, Sentora (formerly IntoTheBlock) announced that Ethereum network fees have increased by 12.2% this week, reaching $11.05 million, indicating an increase in DeFi activity.