Vitalik Sells DHN, FML, and Other Meme Coins, Receives 71.69 ETH

June 4. The cryptocurrency market faced a fresh wave of selling and liquidations on Thursday, with Bitcoin hitting $61,300 at its lowest point before bouncing back to $64,680; it is now trading around $62,500. Over the past two days, total leveraged position liquidations across the entire crypto market reached roughly $3 billion. Data shows that in the last 24 hours, futures trading volume climbed to $305 billion, but open interest dropped 8.5% to $111.4 billion—indicating the market is focused on deleveraging rather than adding new positions. Bitcoin futures open interest fell from a record high of more than 800,000 BTC yesterday to 766,000 BTC. Investors appear to be exiting the crypto market and shifting their focus to the AI trend in traditional markets. The derivatives sector has shifted sharply to a bearish outlook. Both Bitcoin (BTC) and Ethereum (ETH) put-call skews have tightened, a sign that investors are willing to pay a higher premium for downside protection. Open interest

On June 4, U.S. President Trump stated that the United States is in the final stages of negotiations to end the war with Iran.

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.

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.

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.

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)