Wu says that every day you select encrypted news + a week of hot project dynamics
1. ANALYST: 10 YEARS BEHIND THE ETH/BTC RATIO HAS NOW RETURNED TO 2016
The link analyst Planb wrote that, although he did not want to downplay the ETA, the ETH/BTC movement showed that the ETH/BTC performance has lagged behind Bitcoin over the past decade, and that the current ETH/BTC ratio is still about 0.026, comparable to March 2016; that there was no significant rise in the MIT during Bitcoin Cow City in 2023/2024, and that similar developments occurred in 2017 and 2021, even though the relative bitcoin of the ETHACP is still lacking momentum。
2. ZachXBT Warning JuCoin Users Attention to Cash Risk
The chain detective ZachXBT warns that over the past week several JuCoin users have responded to the withdrawal and questioned the fact that much of the $511 million declared by JuCoin is the USDC and USDT that were released on Ju Chain without clear support. ZachXBT also noted that JuDAO had been attacked in April 2026 and had lost approximately US$ 225,000, and that its assets had been frozen in 2025 as a result of contractual deployment errors. In addition, at least US$ 5 million related to the Bybit Korean hacker incident had passed through JuCoin. JuCoin previously stated that the delay in cash withdrawal related to system upgrades and restructuring。
3. Glassnode: If Bitcoin goes any further, it's at the bottom of the extreme or between $35,000 and $40,000
The co-founder of Glassnode, Rafael, wrote that bitcoin was now at the bottom of the historical cycle. The chain data model shows that the area at the bottom of the current high probability is between $46,000 and $54,000 (CVDD to price realization) and, in the event of extreme panic, the deeper line of defence is between $35,000 and $40,000. The probability of a deep fall is relatively low, as the pullback of each bear in Bitcoin is shrinking. In the upper direction, the first critical area in the market to recover is between $75,000 and $79,000. It was emphasized that this was not a projection and that the bottom of the Bitcoin could not be accurately confirmed in advance。
4. Arrest by the Indian police of 2 suspects involved in encrypted terrorist financing cases, with transactions exceeding $27 million
According to The Times of India, two more suspects were arrested in a suspected case of encrypted terrorist financing by the Gujarat police, Cyber Center of Exchange. According to the police, the case involved more than $27 million in encrypted transactions suspected of being linked to terrorist financing, the black-net drug trade and money-laundering; 10 suspects had been arrested during the investigation. The two newly arrested suspects were accused of using a male Sabbir Ali Sarani's KYC information to create Binance's wallet and receiving 5,000 USDTs through a layered deal。
6. A week-long project dynamic: Hyperliquid has a high percentage of permanent contract transactions, Radiant Capital has announced a phase-out, Kelp DAO hackers have laundered all available funds, etc. (0601-0606)
Solana Foundation promotes special programmes to support the “full chain” sustainable contract ecologylink
A letter from the Solana Foundation announced its support for the “full chain” of sustainable contracts and other derivative applications on Solana and provided flow, technology and financial support. Officially, relying on the hybrid structures set up under the chain is a state of transition and should be fully chained in the future. To that end, the Government proposes six main lines of support: first, full chain implementation, with orders, blending and clearing taking place on the chain; secondly, the pursuit of real price discovery, through two-way liquidity pricing, such as bookbooks or RFQ, rather than pool pricing; thirdly, adherence to Solana ' s priority, with income to be structured back into the public chain; fourthly, incentives to optimize innovation in structures and networks; fifthly, a mature team that prefers to migrate to full chain models; and sixth, a team that prioritizes open sources and core logic。
2. Hyperliquid is becoming an important entry point for Wall Street traders to secure their weekend contracts with traditional assets, and in May, the number of permanent contracts is higher than everlink
According to the Wall Street Journal, Hyperliquid is becoming an important entry point for some Wall Street traders to trade in encryption and the renewal of traditional asset contracts over weekends and off-trading periods, covering contracts related to unlisted or traditional financial assets such as BTC, S& P 500, crude oil and SpaceX, with a total revenue of approximately $800 million last year. WSJ states that Hyperliquid is currently prohibited for use by United States residents, but that some of the restricted area traders are still visiting through VPN, but its vast community culture and diversified asset choices are driving its further expansion to forecast markets and options trading。
The Block data show that Hyperliquid ' s per cent of permanent contract transactions in May rose to an all-time high of 6.63 per cent of the global central exchange ' s total transactions, and 14.4 per cent against Binance. The main driver of growth was its HIP-3 framework, with monthly transactions exceeding $62 billion per month in May, and the size of the open contract was about $3 billion. However, the report notes that Hyperliquid ' s total volume of contract transactions for pure encrypted assets continues to decline significantly in comparison with the year, as a result of the overall decline in the encryption market。
3. Radiant Capital announces that it will enter the phase-out phaselink
Radiant Capital announced that, as a result of the prolonged failure to recover funds, obtain new financing or resume growth following the October 2024 attack, DAO had no sustainable operating path and would enter the phase-out phase. The front-end and chain contracts will continue to operate, and users will still be able to withdraw assets, repay loans and manage warehouses, but the project will stop all development, upgrading and expansion plans and set a zero ceiling on lending and terminate the RDNT incentive. The team indicated that follow-up would focus on user fund security, asset recovery and orderly exit. Before the Radiant Capital lost more than $50 million in the attack。
4. TON original token will be renamed Gram and the name of the TON block chain network will remain unchangedlink
Pavel Durov, founder of Telegram, wrote that TON Ecostarts a brand upgrading programme whose original token name will be changed to Gram. The team stated that “Gram” was the original name of the original currency in the initial White Paper of the TON project, which was changed to return to the project's original heart and to begin a new phase of ecological development. The branding is expected to be completed gradually within the next three weeks, during which wallets, infrastructure and eco-applications will be updated. TON stressed that this adjustment relates only to the name of the original currency and that the TON block chain network will continue to use the name “The Open Network” without prejudice。
5. Kelp DAO Cross-link hackers have laundered nearly the full amount of $220 million of unfrozen funds and the asset tracking window has largely closedlink
The chain tracking data show that Kelp DAO Trans-Cyber hackers (which have been identified as the Korean hacker organization Trader Traitor) have laundered approximately $222 million of unfrozen funds through private channels such as THOR Chain, Wasabi, Tornado Cash and Umbra. At present, only about $1.7 million of assets remain in its initial hacker wallet, which means that the window for retroactive and direct recovery of assets in the unfrozen portion has largely been closed。
Sui discloses that three main grid stoppages were upgraded by v1.72 Buglink
Sui Foundation discloses that Sui's main web site has been shut down three times on Thursday and Friday due to two different bugs that were introduced by the V1.72 upgrade. The first two stoppages were due to a gas-charging deficiency exposed to the “advice defaults” function; the temporary repair of the team's deployment on Thursday had a “low probability leading to known problems with the stoppage”, but accepted the risk for rapid recovery services, which was then triggered again on Friday. The third shutdown was triggered by the resumption of installation repairs by the certifying officer, which involved the network to save the potential Bug set-up for the Randalls. Sui states that the relevant Bugs have been repaired, user funds are not at risk, settlement transactions have not been rolled back and mechanisms have been put in place for the mandatory closure of stagnant epoch。
Polymarket suspected that Kalshi had set up a mole and called the product "too many coincidences."link
Polymarket suspected its competitor, Kalshi, of corporate espionage and has compiled an internal file called “copycat”, documenting more than a dozen cases in which suspected products, marketing activities and interface designs were imitated or looted in advance. Polymarket Market Leader Matthew Modabber claims that “too many coincidences”, including cases of free groceries flashing in New York, durable contract products, etc. Kalshi denied the allegations, stating that it was “almost delusional” and that it would continue to build the product; and Kalshi investor Paradigm denied monitoring the Polymarket office。
8. Spark, nearing $4.5 billion, continues to record a record highlink
According to Blockworks, the loan agreement Spark deposits have approached $4.5 billion and have continued to reach a new high, with more than $1 billion in deposits since the late April rsETH events. Currently over 50 per cent of the Park deposits are USDS。
Ondo Perps predicted the launch of the stock market renewal contract on 9 June 2026link
Ondo Perps wrote in X that “renewal contracts change the way global transactions are traded, and they will now enter the stock market”, and predicted that the relevant products would be launched on 9 June 2026. At present Ondo Perps has opened applications for early access to some eligible traders. Ondo Perps platform involves point-to-point duplex contractual transactions and is not open to users in some jurisdictions, including the United States, Canada, the United Kingdom, the European Union and Panama。
10. Symbiotic launch real-time stabilization currency exits the networklink
The encryption infrastructure company Symbiotic, supported by Paradigm, Pantera Capital and Coinbase Ventures, launched Liquid Lane to try to solve the problem of excessive buy-back cycles of RWA products such as monetization funds and private loans. Symbiotic indicates that while some of the monetized assets can be transferred immediately along the chain, the ransom from the issuer may still wait for weeks or even up to 180 days. Liquid Lane will send exit requirements to certified marketers through the request for quotation system, paying the winning bidder promptly to the investor for USDC and receiving the corresponding monetized assets, while the issuer completes the settlement in the backstage。
