Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

**BIT (formerly Matrixport) Partners With Clear Street to Elevate U.S. Stock Infrastructure** As its U.S. stock business scales, BIT—previously named Matrixport—has tapped U.S. institutional clearing provider Clear Street as a partner, marking an upgrade to its core U.S. stock infrastructure. BIT’s U.S. stock operations use an Omnibus IB architecture, where all orders are cleared and held by U.S.-based, licensed clearing firms. To date, BIT has established partnerships with three such U.S.-licensed providers: Clear Street, RQD Clearing, and Atomic Vaults Securities (AVS). Clear Street boasts roughly $1 billion in funding and a strong capital base, processing an average of 550 million shares and $28.4 billion in notional trading volume daily—capable of supporting large institutional clients. For BIT’s users, this translates to trades backed by institutional-grade infrastructure: a more stable system that is less prone to outages or delays, even amid extreme market volatility, plus ro

June 11 Alert: Official sources confirm Binance will launch USDT-denominated TradFi perpetual futures contracts for BMNR, UVXY, ADBE, GLW, STXX, and ASML. The corresponding contract trading pairs will be gradually rolled out starting at 17:20 Beijing Time today, with maximum leverage capped at 20x.

June 11: Bitget market data shows spot gold has topped the $4,100 per ounce level, currently trading at $4,100.06, up 0.70% on the day.

June 11 — Per market sources, Japan is reclassifying cryptocurrency as a financial instrument under its Financial Instruments and Exchange Act, placing digital assets in the same regulatory category as stocks and bonds. The relevant bill passed the country’s Lower House on Tuesday (June 11). This move will cut the tax on cryptocurrency gains from the current highest rate of 55% (levied as miscellaneous income) to a flat 20% capital gains tax rate, and it will clear the way for cryptocurrency exchange-traded funds (ETFs), with the new provisions set to take effect in 2027.

On June 11th, crypto analytics firm CryptoQuant shared a new report on social media revealing Bitcoin has dropped to a fresh bear market low of $59,000, sitting just 9% above its realized price of $53,600. Historically, this valuation level often marks the end of a bear market cycle. In past downturns, prices typically bottomed near or slightly below the realized price threshold—hinting Bitcoin could be nearing a structural bottom, at least from a pure valuation lens. That said, demand conditions remain extremely unfavorable. Last week, Bitcoin’s total demand (combining speculative futures positions and on-chain spot holdings) plummeted to -652,000 BTC—the sharpest weekly drop since January 2022. Long-term on-chain demand, tracked via 1-year HODLer net growth, also turned negative, falling below its trend line to its weakest point since February 2024. ETF buying pressure is shrinking at the fastest pace since U.S. spot Bitcoin ETFs launched back in January 2024, with 30-day ETF deman

On June 11th, Santiment noted in its latest report that trading volume for mainstream crypto assets (excluding stablecoins) has hit a two-year low, matching levels from mid-2024 — a clear sign of sharp cooling in market sentiment and participant activity. The current low-volume environment is driven by macroeconomic uncertainty, geopolitical tensions, and recent liquidation events, leaving traders adopting a wait-and-see stance: both buying and selling interest have faded significantly as a result. While this slump may read as a negative signal, historically it corresponds to a phase of “emotional exhaustion” and could lay the groundwork for a subsequent market rebound. Santiment emphasizes that markets typically don’t form a bottom during periods of high activity; instead, bottoms build gradually when investors broadly lose interest and trading participation declines. Once confidence starts to return, even a small inflow of funds can trigger a temporary rally.