Daily Market Update (June 2, 2025, 20:10)
ChainDD's market data on June 2 shows the integrated ChainDD index and CoinMarketCap quotes:
BTC is priced at $103,909.32, down about 0.16% in the last 24 hours.
ETH is priced at $2,479.95, down about 0.53% in the last 24 hours.
BNB is priced at $650.46, up about 0.11% in the last 24 hours.
DOGE is priced at $0.1888, down about 0.11% in the last 24 hours.
SOL is priced at $153.40, up about 0.95% in the last 24 hours.
Cryptocurrency Market News
Total sales of NFTs on the Polygon chain have exceeded $2 billion.
According to CryptoSlam, total sales of NFTs on the Polygon chain have exceeded $2 billion, currently reaching $2,002,381,010, with a total of 47,358,340 on-chain transactions (approximately 3.092 million unique buyers and about 1.706 million unique sellers). In May, sales of NFTs on the Polygon chain reached approximately $74.711 million, setting a new monthly trading record for 2025 and marking the highest trading volume since February 2024.
Morgan Stanley: The dollar will remain weak in the next 12 months.
Morgan Stanley research strategists Vishwanath Tirupattur and Serena Tang stated in a report that the continuing weakness of the dollar in the next 12 months is a key theme for Morgan Stanley research.
They said: "We expect that the dollar will continue to weaken as US interest rates and economic growth converge with those of peers." An increase in forex hedging flow has led to a further rise in risk premiums, which will increase the selling pressure on the dollar. Other safe-haven currencies such as the yen, Swiss franc, and euro are expected to benefit from this.
The Agricultural Bank of Russia is considering using cryptocurrency for settling grain exports.
The Agricultural Bank of Russia is considering using cryptocurrency as an alternative tool for settling grain exports.
At the Russian Grain Forum held in Sochi, the bank's CEO deputy Irina Zhachkina stated: "We believe that cryptocurrency can become a convenient alternative tool, and we are currently discussing the possibility of using cryptocurrency tools for grain transaction payments with the Central Bank of Russia and all stakeholders."
SharpLink Gaming plans to sell stocks to purchase $1 billion worth of ETH as reserves.
According to SEC documents, SharpLink Gaming plans to purchase $1 billion worth of ETH as its reserves, and the company intends to use the proceeds from the proposed stock sale to fund this purchase.
Monetary Authority of Singapore: Unlicensed crypto service providers must cease services by the end of this month.
The Monetary Authority of Singapore (MAS) released the final policy document on May 30, 2025. It states that all crypto service providers registered or operating in Singapore must cease providing cryptocurrency services to overseas clients by June 30, 2025, if they have not obtained a DTSP license. MAS emphasized that there will be no transition period, and violators will face penalties in accordance with the law.
Metaplanet has again spent $117.3 million to increase its holdings by 1,088 BTC, bringing its total holdings to 8,888 BTC.
Metaplanet announced that it has increased its holdings by 1,088 BTC for about $117 million, with a unit price of approximately $107,771. As of now, the company holds a total of 8,888 BTC, with a total acquisition cost of about $830 million and an average acquisition price of $93,354. Metaplanet stated that its Bitcoin holding return rate has reached 225.4% in 2025 so far.
