A whale has increased its holdings by acquiring over 110,000 HYPE tokens at an average price of $36, while also going long on HYPE with 4x leverage.

On June 5th, Musk took to social media and stated that the United States is accelerating towards the chasm of debt servitude. Musk proposed that a new spending bill should be formulated to prevent a substantial increase in the deficit and to raise the debt ceiling by $5 trillion. (Golden Ten)

On June 5th, Canadian Prime Minister Trudeau declared that in the event that the negotiation on tariff elimination fails, Canada is ready to adopt retaliatory measures against the United States. (Xinhua)

On June 5th, President Trump's latest social media update: "I am extremely delighted to make the announcement that, after a considerable number of years, I have successfully reached an agreement with Democratic Senator Warren on a particular matter: the debt ceiling should be entirely abolished in order to avert an economic catastrophe. It is extremely perilous to leave it in the hands of politicians - even though this might have a calamitous impact on our nation (and indirectly on the world), certain politicians still intend to utilize the debt ceiling for political gain." Regarding Senator Warren's second statement regarding $4 trillion, I also hold a great fondness for it. However, this must be achieved in the shortest possible time. Let's have the Republicans and Democrats collaborate together to make this a reality!"

On June 5th, based on Arkham ZH's monitoring, it is reported that Consensys has purchased ETH worth $3 billion. A whale affiliated with Consensys has just received ETH worth $320 million from Galaxy Digital and transferred it to a new address 0x0b2. Then, $1.2 billion worth of ETH was staked in that address with Liquid Collective.

On June 5th, the Federal Reserve Beige Book showed that since the previous report, prices had been increasing at a moderate rate. Nevertheless, several districts reported that the economic outlooks had become worse, while some others indicated improvements. Reports from the twelve Federal Reserve districts indicated that economic activity had decreased slightly since the previous report. (Xinhua)

On June 5th, the Federal Reserve Beige Book indicated that prices have been increasing at a moderate rate since the previous report. There are numerous reports suggesting that respondents anticipate that future costs and prices will rise at a quicker pace. In a few regions, these expected cost increments have been described as robust. Reports from all regions have noted that higher tariff rates are exerting upward pressure on costs and prices. Nevertheless, respondents have presented diverse responses to these higher costs, such as increasing prices for affected goods, raising prices for all goods, reducing profit margins, and imposing temporary fees or surcharges. Respondents who plan to pass on tariff-related costs expect to take action within three months. (Jin10)