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Coinbase Bitcoin Premium Widens, US Market Selling Pressure May Lead This Round of Pullback

2 hours ago

June 4 – According to Coinglass data, Coinbase’s Bitcoin negative premium has widened since May 19, standing at -0.1931% as of press time. It has maintained a negative premium status for 17 consecutive days, signaling U.S. demand for BTC has not seen a meaningful recovery and investor risk appetite has cooled. Over the same period, Bitcoin has retraced from $77,000 to its current $62,000, with this recent pullback likely driven by U.S.-based investors. For context: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase and the global average market price. A negative premium typically points to heightened selling pressure in the U.S. market, falling investor risk appetite, rising market risk aversion, or capital outflows.
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Bankless Co-founder Reveals Entry Prices for Partial Token Swaps: HYPE around $45, ZEC around $560

On June 4, Bankless co-founder David Hoffman responded to a user query about his entry prices for NEAR, HYPE, ZEC, and LIT, stating he bought NEAR at roughly $1.40, HYPE around $45, ZEC near $560, and LIT for approximately $1.35. Earlier reports noted Hoffman previously disclosed that after selling his entire Ethereum (ETH) holdings, he allocated about 50% of the proceeds to purchases of VVV, NEAR, ZEC, and HYPE. The remaining half was held as cash reserves for gradual dollar-cost averaging (DCA) entries—funds that have now been fully used to acquire LIT.

5 minutes ago

The initial jobless claims in the United States for the week ending on May 30th were 225,000, compared to the expected 213,000.

U.S. initial jobless claims for the week ending May 30 hit 225,000 on June 4, exceeding the 213,000 consensus estimate. The prior week’s figure was revised down from 215,000 to 212,000, FXStreet reported.

5 minutes ago

Whale Buy-the-Dip Strategy: "7 Siblings" Borrow $58 million from Spark to Purchase 32,919.2 ETH

On June 4, per on-chain analyst Wu Jinyu’s monitoring, the bottom-fishing whale dubbed “7 Siblings” raised a total of $58 million in borrowings from Spark that day to buy 32,919.2 ETH at an average price of $1,762.

5 minutes ago

Bitwise Advisor: Bitcoin Sold Off Not Due to Strategy, but Capital Rotation to Popular Targets such as SpaceX, Anthropic

On June 4, Bitwise advisor Jeff Park announced via social media that he does not attribute Bitcoin’s recent sell-off to MicroStrategy’s Bitcoin sale. Park holds that Bitcoin was more likely used to fund upcoming hot market trades—such as investments in SpaceX, Anthropic, and other assets investors have suddenly labeled "must-hold" picks. He added that this breakdown of future relevance itself will become new fuel for Bitcoin’s trajectory.

5 minutes ago

Bitget launches BB, SMR, and SITM Stock Contracts, supporting up to 20x leverage

On June 4, Bitget released an official announcement stating that its stock contracts have opened for trading three new underlying assets: SMR (NuScale Power Corporation), SITM (SiTime Corporation), and BB (BlackBerry Limited). The newly launched contracts cover hot growth areas including nuclear technology, high-performance chips, and smart security, with leverage of up to 20x available. For more details, please refer to Bitget’s official platform.

5 minutes ago

Blackstone's Private Credit Fund Sets Investor Redemption Limit at 5%

June 4. Per market sources, a private credit fund owned by Blackstone Group has capped investor redemptions at 5%. (Financial News)

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