U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

On June 6, as Bitcoin briefly dipped below $60,000, Polymarket’s probability that the cryptocurrency would fall to $55,000 by June surged to 41% from only 4% on June 2. Separately, the platform pegs the odds of Bitcoin dropping to $50,000 at 18%, while the chance of it rising to $65,000 is 57%.

June 6: Arkham announced that over the past year, Huang Licheng, known as "Brother Ma Ji," racked up $80 million in losses trading perpetual contracts on Hyperliquid. This marks the first time he has not immediately topped up his account with funds following a liquidation.

On June 6, Coinglass data shows the Coinbase Bitcoin premium index has stayed in negative premium territory for 19 consecutive days, currently sitting at -0.0401% — a narrowing compared to earlier levels. This indicates marginal selling pressure on BTC in the U.S. market has eased, yet the 19-day stretch in negative premium signals U.S. demand for Bitcoin hasn’t fully recovered. Moving forward, it’s critical to monitor whether this index can return to positive premium range. If the Coinbase premium continues to rebound, it may imply a return of U.S. buying interest; if the negative premium widens again, BTC prices could face renewed selling pressure from the U.S. market.

June 6: Per HyperInsight’s monitoring, as ETH fell below $1,600, the whale linked to BIT (formerly Matrixport) holds a 120,000 ETH long position with 15-20x leverage. The position is currently facing over $84 million in liquidation losses and has already paid $1.85 million in funding fees.

June 6, per HTX market data, ZEC has staged a robust rebound today, surging above $400 at one point and currently trading at $374.41, marking a more than 48% bounce from yesterday’s low.

June 6 — Another cross-border brokerage firm is joining Futu, Tiger, and Changqiao in cleaning up its onshore China business. Huasheng Securities informed clients in a June 6 morning notice that starting June 15 (Beijing time), it will adjust services for its existing mainland China investors: 1. Onshore China trading: New position openings and additional purchases of all securities are suspended; only sell-offs and closing transactions will be allowed. 2. Onshore China fund transfers: Inbound fund and securities transfers are paused, while outbound transfers remain operational. The notice states the adjustment is to comply with industry regulatory requirements during a 2-year rectification period, aimed at standardizing the development of cross-border securities business. It emphasized the changes will not affect services for existing overseas investors or the security of all client assets. Existing mainland investors can still access account inquiries, hold current positions,