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ETH/BTC has increased by 3.73% in the past 24 hours, while BTC.D has dropped by 3.46% in the last month.

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On June 2nd, per market data, ETH/BTC is up 3.73% over the past 24 hours, trading at 0.02824 as of press time. Bitcoin’s market dominance index (BTC.D) has dropped 3.46% over the last month, standing at 59.05%. Meanwhile, altcoin market dominance (OTHERS.D) has surged 17.8% in the same timeframe, hitting 8.21%. The data points to a deepening bearish trend in the crypto market, with additional liquidity being pulled out amid the U.S. stock market’s bullish momentum—leaving major assets like BTC, ETH, and SOL under persistent pressure. Of these, Bitcoin has been the weakest performer in recent days, trapped in FUD surrounding the so-called "Death Cross Strategy." Meanwhile, altcoins that were long neglected, having traded oversold for an extended stretch and seen minimal selling pressure, have given large market players room to maneuver, leading to moderate price gains for these assets.
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Bitcoin Falls Below $70,000 Mark, 24-hour Decline of 3.97%

Per HTX market data, Bitcoin dipped below the $70,000 mark on June 2nd for the first time in 56 days, posting a 3.97% decline over the 24-hour period leading up to this update.

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OpenSea is considering launching perpetual contract trading, supported by Hyperliquid

Zack Brenner, OpenSea’s Head of Product Marketing, announced on June 2 that the platform will launch perpetual contract (Perp) trading, backed by Hyperliquid.

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WeChat AI Assistant Boosts Tencent's Intraday Surge by Over 10%, Achieving Highest Single-Day Gain Since January 25, 2021

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Solana's official stance is to vigorously promote the development of fully on-chain perpetual contracts, aiming to become the world's most robust on-chain financial derivatives infrastructure.

June 2, Solana officially released a blog post titled "Building Fully On-Chain Perpetual Futures on Solana," signaling a major push to grow its on-chain perpetual contract (Perp) ecosystem, with the goal of positioning Solana as the world’s most robust on-chain financial derivatives infrastructure. Right now, most crypto derivatives trading either takes place on centralized exchanges or relies on hybrid models with off-chain matching engines — a phase Solana views as transitional. The blockchain’s vision is to build a fully on-chain derivatives market where every process (order submission, price updates, matching, clearing, etc.) runs on-chain while maintaining institutional-grade speed and low costs. The Solana Foundation will provide funding, technical support, and resources, focusing on backing projects that meet key criteria: fully on-chain execution, price discovery driven by genuine bilateral liquidity (not just pool-based pricing), Solana-first alignment, on-chain revenue shar

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After 5 years of inactivity, a certain whale transferred 9,000 ETH to Bitfinex, realizing a total unrealized gain of over $14.37 million.

On June 2, monitoring by Onchain Lens revealed that a long-dormant crypto whale address has deposited 9,000 ETH into Bitfinex after holding the asset for five years. The current value of the holdings is approximately $17.86 million, equivalent to an estimated paper profit of around $14.37 million. This address initially withdrew 10,000 ETH at a cost of roughly $4.63 million. Over the holding period, 1,000 ETH (now worth about $1.147 million) was transferred via Tornado Cash and eventually sold on Kraken.

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Cobie aggregated addresses and transferred out $6.58 million worth of LDO, with multiple exchanges receiving large deposits

On June 2nd, on-chain analyst @EmberCN reported that multiple addresses linked to prominent crypto KOL and investor Jordan Fish (also known as Cobie) completed an asset consolidation, transferring a total of 20 million LDO tokens. At current market prices, that sum is valued at roughly $6.58 million. Over the next 30 minutes or so, those LDO tokens were steadily moved to centralized exchanges including Binance, OKX, and Kraken. Market participants typically see large token transfers to exchanges as a potential sell signal, so this move has sparked concerns about upcoming selling pressure on LDO. That said, on-chain data only shows the deposits at this stage—there’s no confirmation yet whether the tokens were sold or just transferred to reallocate funds. LDO is the governance token for Lido DAO, one of the largest staking protocols in the Ethereum ecosystem. Its price trend is often influenced by factors like ETH market sentiment, growth in Lido’s staking business, and shifts in whal

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