Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

As of June 1, data from Coingecko confirms that HYPE has overtaken Dogecoin in market capitalization. Dogecoin was previously valued at $15.371 billion, while HYPE now holds a market cap of $15.401 billion—securing its place as the 10th-largest cryptocurrency overall. HYPE is currently trading at $69.13, with a 2.00% gain over the last 24 hours, a 9.2% rise in the past week, and a sharp 68.9% jump over the 30-day period.

June 1st — Hazeri, head of the Iranian government’s Information Committee, announced that Iranian President Raisi is fully focused on managing state affairs. Earlier, reports emerged that President Raisi had submitted a formal resignation request to the Office of the Supreme Leader via an official letter.

On June 1, Iran’s Tasnim News Agency reported that Iran may introduce new revisions to the text of a potential memorandum of understanding (MOU). An informed source, commenting on U.S. media reports that U.S. President Donald Trump has proposed new changes to the existing draft, stated: “Text exchanges remain ongoing, and Iran may make its own modifications to the document. Nothing is definitive at this stage.” The source emphasized: “For Iran, the benchmark is the text it accepts. Trump’s proposed amendments do not mean Iran has agreed to those changes.” The source also added that Iran is fully prepared for any potential misunderstandings.

June 1 – Former President Donald Trump’s hold on the Republican Party has grown even firmer as the 2026 U.S. midterm elections approach, according to a report from *The New York Times*. Multiple media outlets confirm that candidates backed by Trump have posted a strong win rate in this year’s Republican primary contests, with Texas Attorney General Ken Paxton’s upset victory over longtime Senator John Cornyn serving as the latest example of the former president’s dominance within the GOP. But analysts caution that Trump’s primary successes do not guarantee wins in the general midterm elections. Lingering economic strains, persistent inflation, and unresolved foreign policy challenges leave the Republican Party struggling to appeal to a wider cross-section of voters. Some top Republican strategists express worry that Trump’s ongoing push for a “loyalty-first” approach to selecting nominees could weaken the GOP’s competitiveness in swing states and among moderate voters— a critical bloc

On June 1, cryptocurrency exchange Kraken announced it will launch a regulated Bitcoin perpetual contract product for U.S. institutional clients within 30 days, following the U.S. Commodity Futures Trading Commission (CFTC)’s approval of a Bitcoin spot price-pegged perpetual futures contract. Once cleared, the product will go live on Bitnomial Exchange—a CFTC-regulated trading platform recently acquired by Kraken’s parent company, Payward. Back in April, Payward revealed it would buy crypto derivatives platform Bitnomial for up to $550 million, a move to expand its presence in the crypto derivatives market. Coinbase also quickly followed suit after the CFTC’s green light: the firm will now offer U.S. institutional clients access to global crypto options and perpetual futures markets via its futures brokerage business. As the U.S. regulatory framework for crypto grows clearer, competition in the domestic crypto perpetual futures market is heating up fast. CFTC Chairman Michael Selig

According to community sources, on June 1st, the wallet of AdrianCronauer, a Polymarket whale, was reportedly compromised in a phishing attack, causing losses exceeding $2 million. Community member Frosen stated that Polymarket’s comment section has long been flooded with phishing links. He advised users to exercise caution when clicking on unfamiliar links and urged Polymarket to reinforce its platform governance and security measures.