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Labour Day Holiday News Summary: Iran Reports Ceasefire Position, Bitcoin Surges Back Above $81,000, US Stocks Storage Sector Soars

2026.05.06 10:10:01

May 6 Summary: May Day Holiday Highlights - Alphabet rose 10% on May 1, with its share price hitting $384.80. The one-day market cap jump reached $421 billion, marking the second-largest single-day market cap increase in history. - Iran notified regional countries of its ceasefire stance, pushing crude oil prices lower while gold and silver prices rose. - Elon Musk revealed he offered $97.4 billion to acquire OpenAI on February 25 (25 years ago) but was rejected. - Tether reported a $1.04 billion profit in Q1, with its assets hitting a record $8.232 billion. - Hyperliquid launched the first HIP-4 binary prediction market contract. - GameStop plans to make a takeover bid for eBay. - The "CLARITY Act" stablecoin yield rules have been finalized, entering the "launch phase." - Tom Lee believes the "Crypto Spring" has begun, and the CLARITY Act’s compromise solution is generally acceptable. - Telegram’s founder promoted TON, stating that Telegram will replace the TON Foundation as the driving force behind TON. - The U.S. stock storage sector saw broad gains: SanDisk jumped 32%, Micron rose 27%, Western Digital added 14.6%, and Seagate gained 18%. - Bitcoin climbed back above $81,000 for the first time in three months.
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Bitcoin Falls Below $69,000

June 2nd: HTX market data shows Bitcoin fell below $69,000, currently trading at $68,979, with a 4.35% decrease over the past 24 hours.

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SOL Strategies has announced a $18 million acquisition of Houdini Swap

June 2 — Canadian publicly traded company SOL Strategies announced Tuesday it has completed its previously disclosed acquisition of Houdini Swap, a $18 million transaction structured via a combination of cash and SOL Strategies common stock. Houdini Swap is a privacy-focused, non-custodial cross-chain transaction aggregation platform. To date, it has processed roughly $2.5 billion in total cross-chain exchange volume, and is projected to generate more than $13 million in revenue by 2025 through partnerships with 32 exchanges. SOL Strategies noted the acquisition strengthens its position in the Solana ecosystem. Beyond its existing validator infrastructure and liquidity staking businesses, the company has now added a nearly three-year-old trading operation with consistent revenue growth and significant transaction volume, expanding its digital asset infrastructure footprint. The deal was first announced on May 4, 2026, and has now been formally finalized.

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If Bitcoin falls below $67,000, the mainstream CEX's cumulative long liquidation amount will reach $776 million.

June 2nd, per Coinglass data: If Bitcoin dips below $67,000, total long liquidations across major centralized crypto exchanges (CEXs) will hit $776 million. Conversely, if Bitcoin surges past $71,000, total short liquidations on these leading CEXs will reach $903 million. BlockBeats Note: Liquidation charts don’t display exact contract counts or their precise liquidation values. The bars on these charts represent the "strength" of each liquidation cluster—their relative importance compared to neighboring clusters. This means the chart shows how sharply the underlying asset’s price will react when it hits a specific level. A higher liquidation bar signals that reaching that price point will trigger a more intense price move due to a liquidity cascade effect.

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Iranian Media: Strait of Hormuz Transit Permit Application Now Open

June 2 – Iranian media reported Tuesday that the Strait of Hormuz’s vessel passage permit application system has been fully opened, allowing global ship owners and captains to submit transit requests 24/7. According to the reports, ship operators can file their applications through an electronic system set up by the strait’s managing authority. Once approved, vessels will receive official passage permits.

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SpaceX Pressures Banks to Achieve Record-Low IPO Fee Rate

On June 2, SpaceX is pushing the banks underwriting its upcoming initial public offering (IPO) to agree to a record-low underwriting fee, according to market sources. The company is in talks with its IPO underwriters to secure a rate of less than 0.75%. Even with the reduced fee, the banks involved could still generate roughly $500 million in revenue from the offering.

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Federal Reserve Harker: It Is Reasonable to Keep Rates Steady

On June 2, Federal Reserve official Harker noted that holding interest rates steady is the appropriate move at this time. If high inflation persists, a larger adjustment may be necessary. Should the inflation trend fail to cool down, the Fed might need to take action promptly. (FX168)

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