Coinbase Bitcoin Premium Widens, US Market Selling Pressure May Lead This Round of Pullback
June 4 – According to Coinglass data, Coinbase’s Bitcoin negative premium has widened since May 19, standing at -0.1931% as of press time. It has maintained a negative premium status for 17 consecutive days, signaling U.S. demand for BTC has not seen a meaningful recovery and investor risk appetite has cooled. Over the same period, Bitcoin has retraced from $77,000 to its current $62,000, with this recent pullback likely driven by U.S.-based investors.
For context: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global average market price. A negative premium typically points to heightened selling pressure in the U.S. market, falling investor risk appetite, rising market risk aversion, or capital outflows.
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SpaceX: Has Launched IPO Roadshow, Aiming to Publicly Offer 555,555,555 Shares of Class A Common Stock
On June 4, SpaceX announced it has launched its first initial public offering (IPO) roadshow, with plans to offer 555,555,555 shares of Class A common stock to the public. A notable term of the offering is that retail investors will be able to purchase shares at the same price as large institutional investors, with the expected offering price set at $135 per share.
SpaceX has applied to list its Class A common stock on two Nasdaq platforms—the Nasdaq Global Select Market and the Nasdaq Texas Exchange—under the ticker symbol SPCX. Leading the underwriting process for the IPO are a group of bookrunners including Goldman Sachs, Morgan Stanley, Bank of America Securities, Citigroup, JPMorgan, Barclays, and other financial institutions, according to Golden Finance.
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BlackRock deposited 5,212 BTC and 20,000 ETH into Coinbase.
BlackRock deposited 5,212 BTC (around $325 million) and 20,000 ETH (approximately $35.13 million) into Coinbase on June 4, according to monitoring from Onchain Lens.
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Bernstein Raises Broadcom's Price Target from $525 to $550
On June 4, Bernstein announced it had raised its price target for Broadcom (AVGO.O) from $525 to $550. In pre-market trading, Broadcom’s stock fell more than 14% to $410. For additional analysis, check out BlockBeats’ latest article: “Earnings Doubled But Stock Price Plummeted, What Signal Is Broadcom Sending?” (https://www.theblockbeats.info/news/62621)
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IDF Begins Withdrawal from Debab, South Lebanon
BEIRUT, June 4 (Xinhua) — Lebanese security officials and local witnesses confirmed on Tuesday that the Israeli military has begun a phased withdrawal from the town of Deir al-Zahrani in southern Lebanon’s Marjayoun region, per Xinhua News Agency.
Israeli Defense Minister Benny Gantz stated the same day that the shifting situation in Lebanon could create conditions for Israel to strike a peace agreement with the neighboring country. An Israeli military spokesperson added that fighting in southern Lebanon remains "still ongoing."
Gantz noted that a recent U.S.-mediated principled declaration between Israel and Lebanon’s government, negotiated in Washington, reflects current on-the-ground realities in Lebanon. The declaration includes efforts to disarm Hezbollah, move the group’s forces north of the Litani River, and set up a non-military zone in the targeted area.
Gantz emphasized that Israel "will not entrust its security to any other party." He added that the emerging conditions co
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OKX's "Flash Farming" product will launch PROS (Pharos), with 1,800,000 PROS rewards to be distributed.
June 4 — According to official sources, OKX’s “Flash Earn” product will launch PROS (Pharos) for its subscription event running from 15:00 UTC+8 on June 5, 2026, through 15:00 UTC+8 on June 11, 2026. During the event, users can subscribe by staking OKB, BTC, OKSOL, ETH, or PROS, and will split 1.8 million PROS in airdrop rewards. The event supports participation with multiple cryptocurrencies, and users can access the event page via the Earn & Rewards section in the top-left corner of the OKX app.
Additionally, OKX will upgrade its Flash Earn user level system starting in July 2026. The new system will base user levels on either 30-day average net asset value or 30-day trading volume, to set subscription quotas that better align with how actively users engage with the platform.
3 minutes ago
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