Avail is launching the Nexus mainnet to build a multi-chain unified liquidity execution layer.

June 6: Fueled by strong U.S. jobs data, markets are broadly expecting the Federal Reserve to raise interest rates this year—placing heavy pressure on gold and wiping out all of its gains so far this year. During the U.S. trading session, spot gold fell around 3.5%, dropping below $4,320 per ounce and failing to sustain its earlier upward trend. At the same time, bond yields and the U.S. dollar both climbed. The robust labor market has given Federal Reserve officials room to implement rate hikes, even as Middle East tensions push energy prices higher. Higher interest rates tend to weigh negatively on non-yielding precious metals. (Golden Finance)

June 6th. Per Alternative Data, today’s cryptocurrency Fear & Greed Index stands at 12, signaling the market remains in "extreme fear" territory. Note: The Fear & Greed Index ranges from 0 to 100, with metrics weighted as follows: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%).

Per Coinglass data, as of June 6th, total crypto liquidations over the past 24 hours reached $1.829 billion, with $1.457 billion in long liquidations and $0.372 billion in short liquidations. Globally, 347,462 traders were liquidated in the same 24-hour window. The single largest liquidation took place on Binance for the BTCUSDT trading pair, amounting to $13.3164 million.

June 6 — Per LookOnChain monitoring, as the crypto market continues pulling back, the unrealized BTC losses held by Strategy have surpassed the unrealized ETH losses accumulated by BitMine. Led by Michael Saylor, Strategy currently holds 843,706 BTC at an average entry price of $75,699, translating to an unrealized loss of roughly $12.27 billion. For context, BitMine — an Ethereum treasury firm backed by Tom Lee — holds 5,416,901 ETH at an average price of $3,500, with a corresponding unrealized loss of approximately $10.35 billion.

June 6: President Trump delivered remarks today aboard Air Force One. He told reporters he’s hoping for an interest rate cut but will leave all rate-related decisions up to Federal Reserve Chair Powell. Trump noted the U.S. economy is performing well and that markets should rally. He also underscored he has no objection to Powell lowering rates, adding he will defer entirely to the Fed Chair on the October meeting’s rate cut decision. When asked about Iran and oil prices, Trump claimed the U.S. has achieved great success in its approach to the Iran issue, and that Iran currently lacks the capability to develop nuclear weapons. On oil prices, he said the administration has multiple options to navigate the situation. Separately, Trump revealed a meeting with artificial intelligence (AI) companies has been scheduled, and these firms may visit the White House as early as next week.

June 6 — On-chain analyst Wu Jinyu’s monitoring shows Ethereum (ETH) dipped to a low of $1,540 early today, briefly triggering a liquidation of a major whale position. The whale’s liquidation threshold was set at $1,565, leading to the forced sell-off of 21,540 ETH total, valued at roughly $33.7 million. After this partial liquidation, ETH immediately rebounded and didn’t extend its downward slide, nor did it trigger additional liquidations on the whale’s remaining holdings. Currently, the whale still holds a leveraged position of 82,871 ETH, worth approximately $132 million, with liquidation levels at $1,527 and $1,459 respectively. The most recent liquidation point sits roughly $70 below ETH’s current price, so another drop in the cryptocurrency’s value could spark further liquidations.