Today's Outlook
1. The U.S. April JOLTs job openings (10,000) will be announced today, previous value 719.2
2. The re-pledging protocol YieldNest stated on social media that it will conduct its TGE on June 3. About 40% of the token allocation is for community incentives, and future protocol revenues will be used for token buybacks.
3. Both major candidates in the South Korean presidential election support spot crypto ETFs, forming a bipartisan consensus. The South Korean presidential election is scheduled for June 3, 2025.

Macro & Hot Topics
1. Trump has asked countries to submit their 'best offers' by Wednesday. According to Reuters, the Trump administration wants countries participating in high tariff negotiations to submit their 'best offers' before Wednesday.#关税大战
2. The U.S. SEC is seeking feedback on the physical creation and redemption of the WisdomTree Bitcoin Fund.
3. According to SoSoValue data, as of June 2, 2025, Eastern Time, last week, the total net inflow of Bitcoin allocated by globally listed companies (excluding mining companies) was $196 million, while Bitcoin ETFs had a net outflow of $157 million during the same period.
4. On June 2, it was reported that FTX creditor representative Sunil stated on the X platform, 'FTX creditors have received FTX distribution funds in their Kraken accounts.' Previously, FTX announced the launch of the second phase of the user repayment program, with the distribution date for U.S. creditors set for May 30, 2025 (total debt amount: $312 million), and for international creditors on June 2, 2025.
5. Meta Platforms (META.O) shareholders voted against a proposal to incorporate Bitcoin into the company's finances at the annual meeting.
6. Strategy plans to issue 2.5 million shares of 'Stride' preferred stock to fund its Bitcoin strategy. According to official news, as part of its ongoing Bitcoin accumulation efforts, Strategy intends to sell 2.5 million shares of a perpetual preferred stock named Stride (STRD). Strategy stated in a release: 'Strategy plans to use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin and as working capital.'#Strategy增持比特币

Market Trends
1. BTC experienced increased short-term volatility, starting to rally after a pullback to around $106,000; over the past 24 hours, liquidations exceeded $181 million, primarily long positions; the popular IP $LABUBU led the decline, while older coins like ZEN and $LQTY rose; the TON ecosystem's $X made it into the top ten by trading volume.
2. Trade winds are stirring U.S. stock nerves, with the S&P 500 index making a V-shaped reversal and a thrilling positive start in June; the dollar fell near a three-year low; gold rose nearly 3% intraday, and U.S. oil surged over 5%.
3. In the BTC/USDT liquidation map, based on the current 105,868 USDT, if it drops by 2,000 points to around 103,868, the total long position liquidation amount will exceed $300 million. If it rises by 2,000 points to around 107,868, the total short position liquidation amount will exceed $543 million. The short liquidation amount is significantly higher than the long, suggesting to reasonably control leverage ratios to avoid triggering large-scale liquidations amid market fluctuations.
4. In the past 24 hours, BTC spot inflow was $1.8 billion, outflow was $1.9 billion, resulting in a net outflow of $100 million.
5. Over the past 24 hours, BTC, SOL, XRP, SUI, WCT, and other contract trading saw leading net outflows, indicating potential trading opportunities.