Coinbase CEO: US Debt Crisis Could Drive Bitcoin to Become the World's Reserve Currency

On June 6th, according to Coinglass data, the current funding rates of mainstream CEX and DEX suggest a bearish market sentiment. The funding rates for specific mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the equilibrium between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the funding rate is less than 0.005%, it indicates a generally bearish market sentiment.

On June 6th, based on HTX market data, Bitcoin has rebounded to a level above $102,000 and is currently trading at $102,064, with a 24-hour decline of 2.78%.

June 6th. The top trader Eugene Ng Ah Sio made a post on his personal channel, saying, "I am currently holding a long position in Ethereum. I have set a stop-loss at the low tail point of $2380 in the morning (which is also the level of retesting the mid-term range bottom). The technical structure is clear."

On June 6th, based on SoSoValue data, the cryptocurrency market sector has witnessed a consecutive three-day decline, with the decline ranging from approximately 2% to 8%. Bitcoin (BTC) decreased by 2.95% and dipped to around $100,000. Ethereum (ETH) fell by 7.23% and briefly dropped below $2,400. Additionally, the Meme sector declined by 8.04%. Within this sector, OFFICIAL TRUMP (TRUMP) and Pepe (PEPE) dropped by 10.00% and 10.68% respectively, while Fartcoin (FARTCOIN) went against the trend and rose by 8.34%. In other sectors, the PayFi sector saw a 4.25% decline in the past 24 hours. Keeta (KTA), which had previously experienced significant gains, fell by 14.05%. The CeFi sector declined by 4.45%, with Hyperliquid (HYPE) dropping by 5.71%. The Layer1 sector dropped by 4.59%, with Cardano (ADA) and Sui (SUI) falling by 6.39% and 7.35% respectively. The DeFi sector dropped by 6.03%, with Chainlink (LINK) and Aave (AAVE) falling by 6.29% and 8.20% respectively. The Layer2 sector dropp

On June 6th, the most recent intelligence obtained by the SlowMist Security Team indicates that the North Korean Lazarus hacking group is employing a novel stealthy information-stealing trojan named OtterCookie to launch targeted attacks against cryptocurrency and financial professionals. The tactics utilized encompass forging high-paying job interview/investor talk invitations, using deepfake videos to pose as the recruiting party, and disguising malware as "programming test questions" or "system update packages". The targets of theft encompass browser-stored login credentials, passwords, and digital certificates within the macOS Keychain, as well as cryptocurrency wallet information and private keys. SlowMist advises to remain on high alert against actively presented job/investment invitations. It is recommended to conduct multi-factor authentication for remote interviews and avoid running executable files of unknown origin, especially those disguised as "technical test questions"

On June 6th, as monitored by on-chain data analyst Yu Jin, the address of Rune Christensen, a co-founder of Sky (formerly MakerDAO), used staking rewards to repurchase 4.33 million SKY tokens (approximately $330,000) in the past two days. A few days ago, Sky launched staking SKY to earn USDS rewards. Rune's address staked 3.16 billion SKY tokens (approximately $229 million) and is currently earning about 100,000 USDS per day. On the 4th and early today, he claimed two staking rewards totaling 330,000 USDS and then purchased 4.33 million SKY tokens at a price of $0.076 per token.