Israeli Military Airtrikes Hit Multiple Locations in Gaza, Causing Multiple Casualties

June 7: Per HTX market data, the cryptocurrency market remains in a low-level consolidation. Bitcoin is currently trading at $60,785, while Ethereum stands at $1,566. The total crypto market capitalization has posted a slight 0.6% rebound over the past 24 hours, now hitting $2.176 trillion. Other major tokens: BNB is priced at $574, SOL at $62.4, and HYPE at $57.2. ZEC is currently trading at $370. Following the disclosure of an infinite issuance bug, the privacy coin fell to as low as $250 earlier, but has since rebounded roughly 48% from that recent low. Zcash plans to launch its Ironwood upgrade at the end of July, which will introduce a new privacy pool and enhance overall supply verifiability.

June 7, based on EmberCN monitoring: The “Binance Whale” has made continuous purchases of Binance Whale tokens worth $10 million over the past 24 hours, lifting the token’s price by 15%. In detail, an on-chain buying address acquired 8.62 million Binance Whale tokens (valued at $6.33 million), while a CEX withdrawal address moved 5.666 million tokens out of Binance 8 hours ago, totaling $4.07 million. Since the start of June, cumulative purchases of Binance Whale tokens have reached 56.887 million, amounting to $39.1 million with an average price of $0.687 per token.

June 7: According to monitoring from Onchain Lens, an address linked to the Plasma team deposited 150 million XPL into Binance roughly 5 hours ago, valued at around $9.64 million. The receiving address is suspected to be tied to the Plasma team, and the team has not released an official statement regarding this transaction as of now.

On June 7th, monitoring by Whale Alert shows that the USDC Treasury has minted an additional 250 million USDC on the Solana blockchain—this minting took place just 20 minutes ago.

June 7 — DWF Labs co-founder Andrei Grachev has noted that BitMine and Strategy stand a significant chance of triggering the largest cryptocurrency market crash in history. I’m crossing my fingers this doesn’t come to pass, but should Bitcoin collapse to $10,000–$20,000, users will need to consider what strategy to adopt for such a scenario. Against the backdrop of the recent, ongoing pullback in the crypto market, Michael Saylor’s Strategy holds 843,706 BTC at an average price of $75,699, resulting in an unrealized paper loss of approximately $12.27 billion. Meanwhile, Tom Lee-backed Ethereum treasury firm BitMine currently holds 5,416,901 ETH at an average price of $3,500, with an accompanying paper loss of around $10.35 billion.

June 7 – With no breakthrough on securing oil tanker passage through the Strait of Hormuz, global oil inventories are plunging to perilously low levels. Industry leaders and analysts are warning that another significant oil price shock could hit in the coming weeks, severe enough to spill over into broader financial markets. JPMorgan Chase forecasts oil prices could spike rapidly in late June unless normal passage through the strait resumes. U.S. crude inventories have fallen for eight straight weeks, hitting their lowest point since February 2024. Analysts note the risk of a second price shock is very real, stemming from depleted buffer mechanisms rather than a full closure of the strait itself. Investors view the Strait of Hormuz as a persistent geopolitical bottleneck; even if tensions ease, oil prices are unlikely to drop below $70 per barrel. Higher oil prices pose a “mild headwind” to the U.S. economy, while Europe and Asia are far more vulnerable to sustained energy inflation.