A whale withdrew 37,316 ZEC from Binance, worth approximately $13.12 million

June 5 (Bloomberg) — SpaceX’s underwriters for its roughly $75 billion initial public offering (IPO) have been instructed to reject subscription orders from investors in mainland China and Hong Kong due to U.S. restrictions on exports of key technology, according to sources familiar with the matter. The lead underwriter on the transaction has further notified other banks in the underwriting syndicate not to allow clients from mainland China and Hong Kong to participate, including private banking clients. The report notes the move is primarily driven by regulatory and compliance risk considerations, with the specific arrangements not having been publicly disclosed at this time.

On June 5th, per Arkham Monitoring, BlackRock's ETF deposited 1,978 BTC and 14,244 ETH into Coinbase.

June 5: Iranian state media reported that Iran’s Navy claimed it launched missiles and drones at a U.S. destroyer in the Gulf of Oman during a warning exercise.

June 5 — Morgan Stanley forecasts SpaceX’s revenue could surge to $34 trillion by 2040, with the firm’s adjusted EBITDA projected to exceed $27 trillion in the same timeframe. This outlook bolsters the rationale behind SpaceX’s targeted $1.77 trillion IPO valuation. Driving this forecast is explosive growth in SpaceX’s artificial intelligence business, as its revenue is set to jump sharply from current levels. The company notched $18.7 billion in revenue in 2025 and is planning to raise roughly $750 billion in its upcoming IPO — a move that would mark the largest offering in history.

June 5th — Glassnode shared in a post that as Bitcoin (BTC) dipped below a multi-month trading range and retested its February low, option market data showed several concurrent defensive signals. The 1-week Implied Volatility (IV) hit nearly 60%, a sharp jump from roughly 30% the prior week, while long-term volatility climbed across the board. The 25 Delta Skew also rose steeply: the 1-week skew once reached 30%, and the 1-month skew edged above 23%, pointing to sustained strong demand for downside market protection. Call option premiums eroded across both short and long timeframes, with put option purchases dominating fund flows over the past seven days and making up 31.5% of total option premium volume. The 1-month IV surged past 40%, while realized volatility held steady around 35%, pushing the volatility risk premium to its highest level in several weeks. Additionally, the largest negative Gamma concentration is positioned at $65,000, with BTC currently trapped in a broad bearish

On June 5, Polymarket Chief Marketing Officer Matthew Modabber transferred more than $2.5 million to over 800 individuals through his personal PayPal account between January 2025 and February 2026. Roughly 24 identifiable influencers who received the funds posted Polymarket-related content on Platform X, totaling over 490 posts — none of which disclosed a paid promotional relationship with the brand. The recipients include content creators across diverse backgrounds, from conservatives to progressives. Some posts framed Polymarket’s odds data in news-like language, using phrases like “BREAKING” and “NEW.” In response, a Polymarket spokesperson noted that influencer collaborations are a standard business practice for the company, but declined to comment on its disclosure policies or Modabber’s use of a personal account for the transactions. The U.S. Federal Trade Commission (FTC) mandates that influencers must disclose any “material connection” to the brands they promote, per a Politi