Gemini 3.5 Pro is set to be released this month, with monthly active users surpassing 900 million and paid subscriptions reaching 350 million.

June 3rd: Ray Dalio, founder of Bridgewater Associates, told Bloomberg TV in an interview today that the artificial intelligence (AI) bubble will eventually burst. Dalio has repeatedly noted in the past that the current AI frenzy is in the early stages of forming a bubble, displaying all the classic traits: sky-high valuations, rampant speculation, and paper wealth that far outpaces actual monetary value—parallel to the 2000 dot-com bubble. Even so, he stressed that a bubble popping would not erase AI’s long-term, revolutionary value. Most AI-linked companies may struggle to survive, but the underlying technology will continue to reshape the world. Dalio advised investors not to rush to exit their positions; instead, they should keep an eye out for potential bubble-bursting triggers like the Federal Reserve tightening monetary policy, and stay cautious while maintaining a diversified portfolio.

On June 3rd, edgeX released a post-incident report on the unusual price fluctuation of its EDGE token, tracing the flash crash to an attacker exploiting a low-liquidity trading window. The attack leveraged PancakeSwap’s thin on-chain liquidity of roughly $1.25 million, triggered high leverage in perpetual contracts, and sparked a cascading reaction across centralized exchanges (CEXs). During a one-minute window at 5:12 AM that same day, 174 addresses dumped approximately 159,000 EDGE tokens—with sell volume spiking about 10 times compared to prior minutes. This surge led to the liquidation of 68.2% of all long positions in edgeX’s perpetual contracts. Panic quickly spread to CEX spot markets, where trading volumes jumped to 7–10 times their usual daily levels, hitting around $70 million over two hours. The edgeX team confirmed its token allocation remains untouched and fully transparent on-chain, and has received preliminary analysis support from multiple CEXs. In follow-up actions,

June 3rd Update: Binance Wallet announces a scheduled maintenance upgrade will take place on June 4th from 15:00 to 16:00 (UTC+8). During this window, Predict Market services will be temporarily unavailable—user assets and open positions will remain entirely unaffected throughout the period.

June 3rd – Per official sources, Coinbase has added support for the ETH-INR and SOL-INR trading pairs for its Indian users. These trading pairs will initially be available on Coinbase Exchange, and are set to gradually expand to Coinbase’s main platform, the Coinbase App, and Coinbase Advanced. Note: INR stands for the Indian Rupee.

June 3: On-chain analytics firm LookOnChain’s monitoring shows a cryptocurrency whale that previously suffered a swing trading loss of over $2.5 million on Bitcoin (BTC) has re-entered the market. The whale bought 401 BTC today at an average price of $66,957, totaling roughly $26.86 million. In prior trading activity, this same whale purchased 81 BTC on January 16 at $95,423, which was valued at around $7.73 million at the time. They then sold these BTC holdings on February 23 at $64,243, incurring an approximate $2.5 million loss from that transaction.

June 3rd: Self-proclaimed "Stock God" Serenity published an article analyzing the EU’s proposed Chip Act 2.0, arguing the legislation will deliver thematic benefits to the EU’s photonics industry. The new proposal formally frames photonics as a structural addition to EU policy, with explicit provisions supporting the development of photonic integrated circuits (PICs), building and strengthening advanced design, prototyping, and industrial deployment capabilities for PICs, and expanding the EU’s photonics design footprint—marking photonics’ official integration into the bloc’s semiconductor strategy framework. Key policy priorities tied to photonics include: 1) Co-packaged optics and interconnect technology for AI data centers (benefiting SIVE); 2) Silicon photonics for high-bandwidth data center links; 3) PIC manufacturing technologies such as co-packaging and heterogeneous integration (directly benefiting XFAB). Serenity also noted that leading European SOI wafer firms Soitec and Sil