BlackRock Deposits 6,005.46 Bitcoins into Coinbase, Worth $403.15 Million
On June 3, OnchainLens reported that BlackRock deposited 6,005.46 Bitcoin into Coinbase, with the amount valued at $403.15 million.
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Binance US Stock Business Revenue Share Disclosure: Holds a Minority Stake in Alpaca, Receives 50% of Order Flow Payment Fees, and 65% of Lending Profits
On June 3, Binance made an official disclosure stating that Alpaca serves not only as the clearing broker for its U.S. stock business, but also that Binance holds a minority equity stake in Alpaca. Per their agreement, Binance will receive 50% of Alpaca’s Payment For Order Flow (PFOF) proceeds, along with 65% of the remaining profits from user stock borrow activities after deducting interest owed to users.
Binance’s recently launched U.S. stock business operates under an “Introducing Broker + Clearing Broker” model. Under this framework, Nest Trading is responsible for order routing, while Alpaca handles trade execution, clearing, settlement, and asset custody. Alpaca Securities LLC is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC), a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), and currently holds approximately 94% of the tokenized U.S. stock and ETF market share.
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JPMorgan Bullish on US Stocks Hitting New Highs, US Earnings to Drive 'Super Cycle'
June 3: Natalia Lipichina, J.P. Morgan’s Head of Equity Strategy for Europe, the Middle East, and Africa (EMEA), announced the U.S. is in an earnings “super cycle” that will drive the stock market to fresh all-time highs. This trend is fueled by massive investments from mega-cap companies and advances in AI agent technology. Lipichina noted: “We’ve just upgraded our S&P 500 index outlook, with projected earnings growth expected to hit 20% by 2026.”
In the latest earnings season, the S&P 500 posted its strongest earnings growth in five years, with the bulk of the gains coming from large tech firms. Lipichina described the recent earnings performance as “quite remarkable,” highlighting the tech sector’s pivotal role. J.P. Morgan’s upward revision to its earnings outlook reflects confidence that growth will be more sustainable than in a typical economic cycle.
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Arthur Hayes Long Call on WLD: Bullish to $10
June 3rd: BitMEX co-founder Arthur Hayes went long on WLD, sharing its chart and remarking, "Oh baby, WLD is bullish to $10."
Per HTX market data, WLD surged 23% today, topping $0.5.
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Binance NFT service will upgrade to Wallet, and users will need to withdraw their assets within one month
**Binance NFT Service Upgrade Alert (June 3)**
Per an official announcement, Binance’s NFT service has been upgraded to Binance Wallet. Starting immediately, users holding transferable NFTs on Binance must withdraw their NFTs to either Binance Wallet or another compatible wallet within a one-month window to keep managing their digital assets.
Binance’s centralized exchange (CEX) will discontinue its legacy NFT service on July 3. Any transferable NFTs not withdrawn by this date will become permanently inaccessible.
Non-transferable NFTs were intentionally designed as non-withdrawable from their launch, so they will also be inaccessible after July 3.
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QCP: Bitcoin Must Hold $67,000, No Extreme Fear in the Market Yet
June 3 – QCP Capital announced via its official channels that as of this date, Bitcoin has experienced intense volatility, logging a weekly cumulative decline of approximately 11.6% and failing to reclaim its key uptrend zone. Compounding this, MicroStrategy (MSTR) made an unusual move: it sold 32 Bitcoin to cover preferred stock dividends, shattering the market’s long-standing “HODL” ethos and triggering notable emotional shifts among crypto traders.
On the macroeconomic front, two key factors are weighing on the space: escalated Middle East tensions have pushed oil prices higher, while robust U.S. jobs data has dimmed hopes for Federal Reserve rate cuts—raising the odds of prolonged high interest rates. Combined with deleveraging in the crypto market, these unfavorable macro conditions are putting pressure on Bitcoin, a high-beta asset highly sensitive to rate changes and global risk sentiment.
The options market is clearly signaling strong defensive positioning: the 30-day at-the-
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