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BiyaPay Analyst: Strategy Sells BTC for First Time in Four Years, Bitcoin Falls Below $66,000, Over 250,000 People Liquidated

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June 3rd. The crypto market saw a "chain reaction flash crash" this morning. Bitcoin (BTC) dropped almost 50% from its record high of $126,000 last year, tumbling overnight to roughly $60,000. Major altcoins like Ethereum (ETH) and Solana (SOL) fell between 6% and 10%. BiyaPay’s market data shows BTC hit a 24-hour low of $65,000, marking a 7% decline. CoinGlass reports more than 250,000 traders were liquidated, with total liquidations topping $1.6 billion. Highly leveraged long positions faced "hard liquidations" — described as being like having their internet cut mid-trade. The market views this sell-off as more than just a technical correction; it’s driven by four key bearish factors: A strategy team abandoned the "HODL only" mindset, selling 32 BTC for the first time in its history; spot Bitcoin ETFs have seen net outflows for 11 straight days, totaling roughly $3.5 billion; Cleveland Federal Reserve leaders hinted at possible interest rate hikes to curb persistent inflation; and stalled U.S.-Iran talks lifted oil prices, amplifying risk aversion. The $65,000 level is BTC’s last support line, and a break could push prices below $60,000. BiyaPay analysts say ETF outflows combined with macroeconomic shifts point to continued short-term weakness for Bitcoin, urging investors to exercise caution. Users can easily use USDT on the BiyaPay platform to trade U.S. stocks, Hong Kong stocks, futures, and other assets, helping diversify their portfolios and reduce volatility risk.
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Stripe, Visa, and Mastercard Plan to Join Forces to Develop a Stablecoin Platform, with Coinbase Also **Expressing Interest**

June 3 — According to people familiar with the plans, global payment giants Stripe, Visa, and Mastercard are close to launching a joint new stablecoin platform, with crypto exchange Coinbase also weighing whether to participate. As of press time, Stripe and Visa have declined to comment on the development, while Mastercard has not responded to requests for comment. If the collaboration moves forward, this would mark the first large-scale joint push for stablecoin infrastructure between traditional payment players and a major crypto platform, shifting the stablecoin competitive landscape from individual company product offerings to industry-wide infrastructure-level cooperation. In recent months, each firm has taken tangible steps toward stablecoin integration: Stripe closed its $1.1 billion acquisition of stablecoin infrastructure provider Bridge at the end of 2024; Mastercard bought BVNK earlier this year and announced this week that it is expanding round-the-clock stablecoin settlem

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Revolut Plans to Launch Licensed Bank Services in the US Within a Year

June 3: Fintech company Revolut plans to launch banking services in the United States this year, offering FDIC-insured deposit accounts alongside integrated features including stablecoins, multi-currency accounts, and cryptocurrency trading.

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Bean Bag Response to 'Downgrade User Experience to Upsell Premium' Rumors: Will Ensure Users Receive Free Service Experience, Pro Version Still in Testing

Per DolphinBeat monitoring (source: https://t.me/OneMillion_AI), Douyin’s sub-brand Bean Bag has released a "Notice on the Upcoming Launch of Bean Bag Professional Edition." 1. To meet professionals’ productivity needs, Bean Bag is launching the Bean Bag Professional Edition, which will offer specialized services including software development, data analysis, professional design, workflow automation, financial analysis, and scientific research. 2. For widely used daily functions—such as search Q&A, writing and drawing, and voice and video calls—we will keep these free services intact to avoid disrupting user experiences or changing their established habits. We will also continue adding new models, capabilities, and an improved experience for free users. Additionally, the Professional Edition will include free services up to certain limits. 3. The Bean Bag Professional Edition is currently in the testing phase. When it officially launches, full details will be released via official c

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BYD Confirms Entry into Humanoid Robots: Li Ke Believes Automotive AI and Robots Share the Same Origin, Will Leverage In-House Manufacturing and Software Strengths

According to monitoring by Dongcha Beating, Li Ke, Executive Vice President of BYD Group, announced in a recent interview that BYD is developing humanoid robots. “The competition in the robotics space boils down to who has the strongest manufacturing, software, and hardware capabilities,” Li stated. He added that AI technologies used in automotive applications are aligned with those required for robotics, and that should robots one day enter households, BYD could sell them through its existing dealership network. Li also noted that BYD can build an open platform supporting robots developed both in-house and in collaboration with third-party partners. Separately, a BYD insider confirmed to Dongcha Beating that the company is actively working on humanoid robots. Click the link below to join Dongcha Beating’s Feishu AI News Channel, which monitors global AI trends and news around the clock.

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Zcash Completes NU 6.2 Hard Fork, Fixing Orchard Pool Bug

June 3 – In an official announcement from the Zcash (ZEC) Foundation, independent security researcher Taylor Hornby discovered a critical reliability flaw in Zcash’s Orchard zk-SNARK circuit on May 29, a vulnerability that could have allowed double-spending within the Orchard pool. ZODL core engineers confirmed the issue within hours and initiated a fix promptly. To buy time, they temporarily disabled Orchard operations via an emergency soft fork in Zebra 4.5.3 in the early hours of June 2. Finally, on June 3, the team activated the NU6.2 hard fork through Zebra 5.0.0. At 12:05 PM Beijing time, the mainnet completed the upgrade seamlessly at block height 3,364,600. Orchard was re-enabled with the patched circuit, and the vulnerability was permanently closed. This marks the second protocol upgrade Zcash has rolled out to address a security issue since its launch in 2016. No known exploits occurred throughout the process, and the network’s shielded pool mechanism ensured the total coin s

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BlackRock Deposits 6,005.46 Bitcoins into Coinbase, Worth $403.15 Million

On June 3, OnchainLens reported that BlackRock deposited 6,005.46 Bitcoin into Coinbase, with the amount valued at $403.15 million.

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