MAI price plummets over 13%, with market cap dropping to $347 million

On June 6th, according to Chainwire, the on-chain staking and yield protocol HashPower announced the completion of a $4 million strategic financing round. The investors in this round include FBG Capital, HashKey Capital, Hailstone Labs, and DePIN X Capital. It is reported that this fundraising round will expedite HashPower's expansion of global decentralized mining capacity, optimize staking rewards, and construct real-world digital asset and artificial intelligence infrastructure through permissionless on-chain access.

On June 5th, spot gold dropped below $3340 per ounce, with an intraday decline of 1.01%. (FX168)

On June 5th, as per the report by CoinDesk, earlier today the U.S. Senate approved that Michelle Bowman, a member of the Federal Reserve Board of Governors, was promoted to Vice Chair for Supervision. Whether it pertains to bank access for cryptocurrencies or the issuance of stablecoins, the new Vice Chair will hold a say. The role of Vice Chair for Supervision was established following the 2008 global financial crisis to assist the Federal Reserve in concentrating on its regulatory responsibilities, distinct from its more renowned U.S. monetary policy management responsibilities. The banking sector has always been a troublesome point for the cryptocurrency industry. Previously, the Federal Reserve and the other two major banking regulators adopted a highly cautious stance towards the crypto sector. However, in April of this year, they lifted the restrictions that banks had previously imposed on serving the crypto industry. The potential regulatory role of the Federal Reserve regardin

On June 5th, the stock price of USDC issuer Circle is expected to open between 56 and 58 US dollars (previously anticipated to be 50 to 52 US dollars), with an IPO price of 31 US dollars. (Jin10) BlockBeats Note: On the first day of the IPO, underwriters will determine the opening price based on investor demand in the pre-market order book. The reference price is provided by underwriters or the New York Stock Exchange before trading starts, taking into account institutional investor subscriptions and retail pre-market orders.

On June 5th, spot gold dropped below $3360/oz, with an intraday decline of 0.42%. (FX168)

On June 5th, by the end of this year, Trump's large-scale tax bill is expected to largely eliminate the $7500 tax credit for Tesla vehicles and other electric vehicle purchasers, seven years ahead of the originally scheduled time. Analysts from JPMorgan stated that this will have an approximately $1.2 billion impact on Tesla's annual profit. After leaving his official advisory position at the White House last week, Musk has been making efforts to prevent the president from signing the tax bill, deeming it "disgusting." Musk has been lobbying Republican lawmakers, including making direct appeals to House Speaker Johnson, with the aim of preserving the electric vehicle tax credit in the legislation. (Golden Finance) According to market data, Tesla's stock in the US fell by more than 5.5% at one point today and is currently down 3.6%, with a stock price of $320.