NVIDIA's Total Market Cap Reaches Back Above $5.5 Trillion

June 2: Forbes’ real-time billionaire rankings show Masayoshi Son, founder and CEO of SoftBank Group, has a net worth of $100.7 billion—surpassing Indian tycoons Ambani and Adani to reclaim the title of Asia’s richest person for the first time in over a decade. SoftBank’s share price surged 14.71% yesterday, pushing its market capitalization to 48 trillion yen (roughly $306 billion). This figure exceeds Toyota’s approximately 46 trillion yen, officially ending Toyota’s more than 20-year reign as Japan’s largest publicly traded company by market value. As of the Tokyo Stock Exchange’s closing bell today, SoftBank’s market cap has climbed further to 49.3 trillion yen, while Toyota’s stands at 44.92 trillion yen.

June 2nd — Official sources report that blockchain stock trading platform HelloTrade has announced it will officially migrate to the Monad ecosystem, while remaining focused on making the global capital market more open and inclusive. The Monad team aligns with HelloTrade on this shared core goal: both aim to advance on-chain transactions in global financial markets through high-performance blockchain infrastructure. Currently, HelloTrade is in the alpha testing phase and will share additional updates about product developments and ecosystem partnerships in the coming months.

On June 2, Bitget market data shows that Strategy (MSTR) plunged 10.17%, changing hands at $134.55 as of press time. A report yesterday revealed that Strategy has shattered the so-called "HODL" myth, disclosing it sold 32 bitcoins last week.

June 2nd: Per HTX market data, Bitcoin briefly dipped below $68,000 and is currently trading at $68,053, a 4.98% drop over the past 24 hours.

JUNE 2 — U.S. Secretary of State Mike Pompeo says the U.S. is currently in negotiations with Iran, and Tehran may be willing to discuss certain aspects of its nuclear program that it had previously refused to bring up in prior talks. Pompeo noted that a deal with Iran could be finalized as early as today, or as late as next week.

June 2 – Official sources report that on-chain perpetual contract trading platform Pingu Exchange will permanently cease operations, with the platform officially shutting down on July 31, 2026. Launched on Arbitrum in January 2024, Pingu raised approximately $270,000 in total funding and has operated solely on revenue generated from its platform. Over the past 18 months, the platform’s total trading volume neared $2.4 billion, distributed roughly $650,000 in ETH and USDC rewards to staking users, and built up a reserve of operational funds. Pingu noted that it planned to redirect resources to the Monad ecosystem to pursue new growth, but this strategy fell short of expectations. Just six months after migrating to the Monad mainnet, total trading volume hit only around $80 million. With insufficient business momentum, the team halted salaries in February this year to avoid further depleting its reserves. Ultimately, the team decided to wind down operations and return remaining funds t