Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) Issue Joint Consultation Conclusions on Amendments to OTC Derivatives Transaction Rules under the Clearing Rules
June 5 – The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released the joint outcome of their consultation on amending over-the-counter (OTC) derivative trading provisions under the Settlement Rules. Given the widespread market support garnered during the consultation, the two regulators will move forward with legislative steps to formalize these proposed amendments into the Settlement Rules, and plan to implement the revised rules starting March 1, 2027 – the proposed effective start date for a new calculation period.
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An Ethereum Whale HODLer of 3 Years Adds 17,826 ETH to Their Position through a Yield Farming Loan, with an Average Price of $1,683
On June 5, Onchain Lens monitoring flagged that a whale holding 38,554 ETH (worth roughly $64.28 million) reactivated after three years of dormancy. The whale deposited 20,000 ETH (about $33.28 million) as collateral into Aave V3, then borrowed 30 million USDT. Next, the whale used leverage to purchase 17,826 ETH at an average price of $1,683, bringing their total ETH holdings to 56,380 tokens (valued at approximately $94.04 million).
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Federal Reserve Study: Dilemma Weakening Under Oil Price Shock, Can Prioritize Inflation Control
June 5: New research from the Federal Reserve Bank of Boston finds the U.S. economy has grown significantly less sensitive to oil price increases, thanks to improved energy efficiency and a surge in domestic crude oil production. Unlike the oil crises of the 1970s, today’s oil price spikes no longer deliver a massive blow to the job market. Additional jobs created by the expansion of the oil and gas sector can partially offset pressures on other industries, leading to a marked decline in the likelihood that high oil prices will trigger "stagflation"—a scenario of high inflation paired with high unemployment.
However, the report also cautioned that the labor market’s ability to buffer against oil price shocks has weakened, meaning inflationary pressure from rising energy costs may prove more persistent. The Fed does not need to overworry about energy price hikes sparking an economic downturn; instead, it should focus more on containing inflation. Market consensus currently expects the
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Analyst: Bitcoin's key support level below is $54,000, breaking below which would lead to a "full capitulation" stage.
June 5th, CryptoQuant analyst Axel Adler Jr pointed out that Bitcoin has recently dropped back to around $62,000, with the market’s total loss scale continuing to expand. On-chain data indicates that the 7-day net unrealized loss has risen to approximately $7 billion—surpassing the level recorded during this year’s February market low. However, compared to the peak loss of roughly $14 billion during the last bear market and winter panic phase, current market sentiment hasn’t yet reached the state of "full surrender."
From a cost structure perspective, Bitcoin’s current price is significantly lower than the average cost basis of short-term holders, which is around $76,000—meaning most short-term investors are now holding floating losses. If the market weakens further, key support zones below are mainly concentrated at two levels: the network-wide average realized price of about $54,000 and the cost basis of long-term holders of around $49,000. These two price ranges typically correspon
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Garrett Jin Questions 'New Stock God' Serenity's Pump-and-Dump Harmony: Readers Face Risk of Buying the Top
On June 5th, Garrett Jin, an agent with the "BTC OG Whale Insider," questioned the overtly bullish stance of Serenity, the self-proclaimed "Stock God."
Serenity today publicly endorsed "Green Harmony," and Jin raised concerns about the true motives behind Serenity’s bullish call to the market. He explained that signaling a bullish view *after* the underlying asset has already seen a large surge could lead followers to buy in at a peak, exposing them to the risk of a subsequent pullback.
Today’s report noted that, driven by Serenity’s "Stock God" endorsement, Green Harmony jumped 20% to hit its daily trading limit.
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Jiang Zhuoer: Bought Back All ETH Holdings at "Market Bottom," Plans to Start Selling in 1-3 Days After Rebound
On June 5, Jiang Zhuo'er, founder of Lebit Mining Pool (B.TOP), announced he has bought back all Ethereum positions he’d previously sold at an average price of $1,645. The repurchase followed liquidations of his Ethereum holdings in the $2,200–$2,400 range.
Despite completing the buyback, Zhuo'er views the overall market as still in a downtrend. Bitcoin, however, has found support near $61,000 on two separate occasions and hasn’t dropped significantly below that level—a sign of short-term demand for a technical rebound. Based on this assessment, he expects Bitcoin to rally in the next 1 to 3 days and plans to sell the recently repurchased Ethereum positions during that rebound.
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