U.S. Treasury Secretary Urges Congress to Pass the CLARITY Act This Summer to Confirm Advancement of Strategic Bitcoin Reserve Building
June 4 — U.S. Treasury Secretary Scott Bessent is calling on Senate lawmakers to pass the CLARITY Act by this summer, a step designed to strengthen the regulatory framework for digital assets.
Bessent also confirmed the U.S. government is moving forward with a strategic Bitcoin reserve initiative "in a prudent and expeditious manner," noting the reserve will be made up primarily of Bitcoin seized by federal authorities.
The statement signals the U.S. is ramping up efforts to advance cryptocurrency regulatory legislation while actively pushing ahead with plans to establish a national strategic Bitcoin reserve.
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Bitget now supports 15 stock tokens, including NVIDIA and Micron, as collateral for futures trading
On June 4th, Bitget announced a key upgrade to its US Stock 2.0 product—focused on boosting capital efficiency—by adding 15 US stock tokens as eligible collateral for unified account and U-based contract cross-margin trading.
Supported assets in this update include: rAAPL, rAMZN, rMETA, rMU, rTSLA, rGOOGL, rNVDA, rINTC, rMSFT, rASML, rAVGO, rTSM, rSNDK, and other core tech stocks, plus index tokens rQQQ and rSPY.
Following the rollout, users can hold spot positions in these US stock tokens and use them directly as collateral for contract trades, enabling more flexible capital management and cross-market risk hedging. For complete details, please refer to Bitget’s official announcement.
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If BTC continues to rise to $64,700, three whales will be liquidated in short positions worth $38 million.
June 4 Update: Per Hyperinsight monitoring, among the whales on Hyperliquid closest to Bitcoin’s short liquidation threshold, one tens-of-millions-of-dollars-level address has a liquidation price of $64,700. Two million-dollar-level short addresses today hold liquidation prices around $64,500, with some having placed stop-loss orders roughly $200 above their liquidation lines.
The combined short position of these three addresses totals roughly $38 million. If Bitcoin continues climbing to the above-mentioned price levels, it will trigger concentrated liquidations. Breakdown of the tens-of-millions-level short whale: This address holds a short position of 517.6 BTC at 40x leverage, with a position value of about $32.9 million, an average entry price of $64,504, and a liquidation price of $64,672.
Additionally, HyperInsight Bot is now online. Add @HyperInsightBot to your Telegram community, set it as an administrator, and enable message-sending permissions to automatically sync on-chai
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Bithumb will suspend MANTRA (OM) deposits and withdrawals on June 9th to support the mainnet upgrade
On June 4, South Korean cryptocurrency exchange Bithumb announced that to support the MANTRA (OM) mainnet upgrade and ensure stable deposit and withdrawal services, it will suspend MANTRA (OM) token deposits and withdrawals starting at 12:00 p.m. Korean Standard Time (KST) on June 9.
Per the announcement, the MANTRA mainnet upgrade is expected to take place around 3:58 p.m. Beijing Time on June 9, corresponding to block height 15,559,888. During the upgrade window, Bithumb will simultaneously update its node servers. Deposits and withdrawals for OM will be resumed only after network stability is confirmed; the specific resumption time will be notified separately at a later date.
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Goldman Sachs CEO: AI Will Not Cause Wall Street to Experience Mass Unemployment
June 4 — Goldman Sachs Group Chairman and CEO David Solomon said in an interview that even as artificial intelligence rapidly makes inroads into the banking sector, he does not believe AI will trigger widespread white-collar layoffs on Wall Street.
Solomon noted that employees at every level of the firm—from back-office staff and junior analysts to senior investment bankers—are actively leveraging AI technology. He explained that AI will boost productivity and reshape how work operates, but will not lead to large-scale job displacement.
Additionally, Solomon discussed the current capital markets environment, Goldman’s role in SpaceX’s IPO and Alphabet’s landmark equity financing, his early career experience in the junk bond business, and how AI is transforming music production.
As major global banks accelerate their AI deployments, the impact of artificial intelligence on financial sector employment and productivity has emerged as a key focus for market participants.
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Israel and Lebanon have agreed to implement a ceasefire, but Hezbollah did not participate in the negotiations.
June 4 — According to *The Washington Post*, Israel and Lebanon reached a U.S.-mediated ceasefire agreement on Wednesday local time to end months of border conflict. However, Hezbollah — a key actor in the conflict backed by Iran — did not participate in the U.S. State Department negotiations and has not immediately commented on the deal.
Since the two sides struck a preliminary ceasefire in April, cross-border exchanges of fire between Israel and Hezbollah have persisted. Analysts note that Hezbollah’s absence from the recent talks leaves significant uncertainty over whether the new ceasefire will be fully implemented.
The announcement comes after the U.S. government previously revealed that Israel and Lebanon had agreed to a ceasefire arrangement aimed at de-escalating regional tensions.
5 minutes ago
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