CoinUp: Asset Reserve Verified by CER.live

June 4: Bitcoin’s weekly sell-off has deepened by roughly 14%, pushing the crypto’s price to around $62,400 as of Thursday. The slump is fueled by a confluence of factors, including a rare Bitcoin (BTC) sale from asset manager Strategy, persistent outflows from U.S. Bitcoin spot exchange-traded funds (ETFs), and a deteriorating macroeconomic backdrop. Strategy sold 32 BTC at the end of May to cover preferred stock dividend payments. While the transaction’s size is small, QCP Group notes it carries outsized symbolic weight: Strategy has long been viewed by markets as a structural Bitcoin buyer, and its years-long "never sell" mantra has been a key pillar supporting institutional investor sentiment. On the ETF front, U.S. Bitcoin spot funds have seen three consecutive weeks of net outflows, with total redemptions hitting $4.21 billion—marking the largest institutional de-risking cycle since 2026. Glassnode data shows these ETFs have an average purchase price of roughly $83,000, and a r

June 4: Per Onchain Lens monitoring, a newly created wallet received 6 million "Binance Life" tokens from Binance, valued at approximately $4.13 million.

Per Bitget’s data, the Dow Jones Industrial Average hit a record high on June 4th, climbing 1.5% intraday.

June 4, the Islamic Revolutionary Guard Corps stated that a ceasefire on all fronts, including Lebanon, is a preliminary requirement for Iran to end its war with the U.S. (Golden Finance)

June 4th – Fitch Ratings said in its latest Global Economic Outlook report that the oil crisis triggered by the U.S.-Iran war is weighing heavily on global growth prospects. As a result, Fitch has downgraded its 2026 global growth forecast by 0.2 percentage points to 2.4%. High inflation is squeezing real wages, crimping consumer spending, and pushing up corporate input costs, leading to downward growth revisions across multiple economies. However, AI-related IT investments are showing stronger momentum than anticipated, acting as a buffer for global economic activity and supporting world trade and Asian exports. The Strait of Hormuz has been closed for 14 weeks, and Fitch expects it to only start reopening in July. The rating agency has raised its 2026 Brent crude oil average price forecast from $70 per barrel (as of March) to $87. While this oil shock is a significant headwind for global growth, Fitch’s baseline outlook is far less severe than during the 1970s oil crisis. The Fede

On June 4, data from Bitget showed that the Philadelphia Semiconductor Index fell more than 5%. Micron Technology (MU.O) plunged over 8%, breaking below the $1,000 mark; Broadcom (AVGO.O) extended its decline to nearly 16%, Arm (ARM.O) dropped more than 8%, AMD (AMD.O) slid over 7%, Qualcomm (QCOM.O) fell more than 4%, and Intel (INTC.O) slipped over 3%.