News

According to a report by Jinse Finance, on June 4, Bitwise CEO Hunter Horsley posted on X that if SpaceX goes public in the future, its valuation could rival the total market capitalization of the entire cryptocurrency market excluding stablecoins. This indicates that the crypto market is still at a relatively early stage, and the overall size remains modest. From a more macro perspective, the market's focus should not be the competition between certain assets or projects, but whether they can create genuinely valuable products and services, and promote the widespread application of blockchain technology in the real world. Bitwise supports everyone and every team working hard to achieve this goal, and cheers them on.

BlockBeats News, June 4th, according to Onchain Lens monitoring, a whale re-entered the market after 4 months of dormancy, lending out 10 million USDT and buying 5589 ETH at an average price of around $1789 per ETH.

The recurring conflict between the US and Iran is driving up market risk-aversion sentiment. Concerns about inflation are strengthening expectations of Federal Reserve interest rate hikes, which are severely hitting the non-ferrous metals sector. Combined with unresolved oversupply issues in the refined nickel market, SHFE nickel prices remain under pressure and are trending downward!