Bitcoin Short-Term Rebound Surpasses $61,000

June 6 – According to two individuals with direct knowledge of the matter, SpaceX’s initial public offering (IPO) has garnered roughly $1.5 trillion in investor subscription funds, double the amount the company originally planned to raise. Set to become the largest IPO in history, the offering has seen striking investor enthusiasm, per insiders. The process is still in its early promotional stages, and large institutional investors tend to submit their orders toward the end of the IPO application window. The current subscription data only reflects indicative applications, not final allocations. Actual allocation quantities will be determined during the IPO’s pricing phase. (Golden Finance)

June 6. According to on-chain analyst Yu Jin, over the past five days, BTC has dropped 16%, ETH is down 21%, but "Binance Coin of Life" has surged 62% against the trend. On-chain data suggests this recent rally may stem from a $28 million capital inflow. Over those five days, two addresses withdrew 14 million USDT from Bybit, then bought 21.1 million "Binance Coin of Life" on-chain at an average price of around $0.66. Separately, over the last two days, an address withdrew 21.5 million "Binance Coin of Life" from Binance, worth roughly $14 million.

June 6 – Blockchain analytics firm LookOnChain reports that "Big Brother Whale" Huang Licheng suffered 10 liquidations over an 8-hour period. The associated crypto wallet now holds just $52,000. Notably, the whale had recently increased his long Ethereum position to 1075 ETH (approximately $1.71 million), with a new liquidation price set at $1560.81.

On June 6, the long-awaited first "Wash Era" non-farm payroll report came in far hotter than expected, making any imminent rate cut all but impossible. A rate hike is now the market’s prevailing consensus. Data from CME’s FedWatch tool showed the probability of a Fed rate hike by December this year topped 67% at one point. U.S. stocks took a severe beating, with AI and semiconductor shares leading the selloff. Per Bitget data, at Friday’s market close, the Dow Jones Industrial Average initially dipped 1.35%, the S&P 500 fell 2.65% (ending its nine-week winning streak), and the Nasdaq dropped 4.18%. The S&P notched its worst single-day loss since October 2025, while the Nasdaq saw its steepest daily decline since April 2025. Most semiconductor stocks sank— the Philadelphia Semiconductor Index (SOX) plummeted 10% at close, marking its biggest one-day drop since April 2025. NVIDIA slid over 6%, TSMC fell 6.68%, Broadcom dipped nearly 8%, and Intel cratered more than 11%. Bonds, gold,

BitMEX Co-Founder Arthur Hayes offloaded all his Worldcoin (WLD) holdings and closed out his entire WLD position on June 6, citing unfavorable market momentum for the cryptocurrency. This comes after Hayes fully liquidated his positions in HYPE, NEAR, and ZEC in prior portfolio adjustments.

June 6: Fueled by strong U.S. jobs data, markets are broadly expecting the Federal Reserve to raise interest rates this year—placing heavy pressure on gold and wiping out all of its gains so far this year. During the U.S. trading session, spot gold fell around 3.5%, dropping below $4,320 per ounce and failing to sustain its earlier upward trend. At the same time, bond yields and the U.S. dollar both climbed. The robust labor market has given Federal Reserve officials room to implement rate hikes, even as Middle East tensions push energy prices higher. Higher interest rates tend to weigh negatively on non-yielding precious metals. (Golden Finance)