Spot Gold Plunges Nearly 2% Intraday, Eurozone Stoxx 600 Index Drops Over 1%.
On June 1, data from Bitget Markets shows spot gold hit a session low of $4,450 per ounce, sliding nearly 2% on the day. The Euro Stoxx 600 index also dropped more than 1%.
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「Stock God」 Serenity: AI Company NBIS Reaches $600 Billion Valuation, Still Bullish on Long-Term Breakthrough of $1 Trillion
June 1: Prominent investor Serenity—widely nicknamed the "Stock God"—shared on social media that AI infrastructure company Nebius (NASDAQ: NBIS) has delivered robust performance, outperforming both the overall stock market and the "Neocloud" sector: a group of AI data center and computing power firms including IREN and CIFR.
Last year, Serenity projected after Microsoft’s earnings report that Nebius could reach a $100 billion market cap. Currently, NBIS’s market value has climbed to around $60 billion, steadily approaching that target.
Meanwhile, investor Misaka Mikoto posted that NBIS’s rally pushed the total value of his Roth IRA assets past the $1 million mark during pre-market trading, with the stock being a key driver of his account’s growth.
Nebius has recently drawn strong investor attention, fueled by its AI computing infrastructure expansion and surging market enthusiasm for the "Neocloud" concept, making it one of the hottest picks in the U.S. stock market’s AI-related seg
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Viewpoint: The HYPE technical analysis has pointed to a price target above $100, breaking out of the classic bull flag pattern
On June 1, Hyperliquid’s native token HYPE has rallied more than 30% over the past five days, hitting a new all-time high of over $74. Technical analysts point to a bullish breakout driving the surge: HYPE has broken out of a bull pennant pattern, with a projected upside target of $105—equivalent to an additional ~45% gain from current levels.
From a technical perspective, HYPE saw a sharp run-up in late May, forming a flagpole structure before consolidating in a triangular pattern. The token recently broke above the pattern’s upper boundary on high trading volume, confirming a bull flag pattern. This formation points to a theoretical target price of roughly $105.3, with analysts expecting that level could be reached sometime between June and July.
Derivatives market data underscores the bullish momentum. Open interest for HYPE futures on Hyperliquid hit a new all-time high of $3.5 billion, a sharp jump from around $1.4 billion at the start of the year. Positive funding rates across
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Iran Pauses Talks, US Bond Yields Drop, Traders Raise Rate Hike Bets
June 1: U.S. Treasury prices fell as signs of a deadlock emerged in U.S.-Iran peace talks. Investors are growing concerned that soaring energy costs will exacerbate inflation, pushing the Federal Reserve to raise interest rates.
Monday’s sell-off lifted yields across the $31 trillion U.S. Treasury market. The 10-year Treasury yield jumped roughly six basis points to nearly 4.5%, while crude oil prices surged more than 7%. The two-year Treasury yield—most sensitive to Fed policy expectations—also rose about six basis points to 4.07%. The move follows Iran’s earlier suspension of talks with the U.S. via intermediaries in protest of Israeli actions. Traders have ramped up bets the Fed will deliver another rate hike: swap markets now fully price in one increase by March 2027, with a 50% chance of that hike arriving as early as October.
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The ruling party in Japan has proposed establishing a cryptocurrency ETF trading framework and promoting the development of a Japanese Yen stablecoin.
June 1 — According to a Reuters report, the blockchain promotion team of Japan’s ruling Liberal Democratic Party (LDP) has submitted a policy proposal to Finance Minister Taro Aso, pushing for a dedicated legal framework for cryptocurrency exchange-traded funds (ETFs) and advocating for wider adoption of yen-backed stablecoins.
The proposal notes that crypto ETFs would give investors a more accessible channel to gain exposure to the digital asset market, without requiring them to directly purchase and custody cryptocurrencies.
This April, Japan’s cabinet approved a draft bill amendment to reclassify cryptocurrency from its current status as a payment instrument to a financial product — a move that paves the way for future regulatory framework adjustments.
Should the relevant policies be implemented, Japan will join major markets including the U.S. and Hong Kong, allowing investors to participate in the crypto market through ETFs.
Separately, Japan’s government and industry groups a
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