Crypto News & Market Updates

According to Bijie.com, Pi Network is once again facing new concerns from community members about its adoption, token supply, and transparency. Recently, a Pi supporter stated that excitement around Pi Coin has significantly faded, believing that upgrades and development alone are not enough to drive prices higher, and that Pi Network needs to establish major partnerships with companies like Amazon or Uber to use Pi in actual transactions. The supporter commented: "I think $PI is over, and all the hype has disappeared. "At the same time, users have questioned Pi's tokenomics and future supply. Currently, about 4.5 billion Pi tokens are in circulation, with a maximum supply of 100 billion, representing only a small portion of the market. Pi Coin's price fell nearly 10% this week, losing the key $0.13 support level. Despite rebounding from the all-time low of $0.118, the recovery remains weak.

According to Bijie.com, Magnetar Capital, a hedge fund managing $18 billion in assets, plans to launch a new fund later this year. In the research phase, it will completely discontinue human analysts in the research phase and instead have hundreds of AI Agents search for investment leads, analyze individual stocks, and predict trends. The final trading decisions are still made by humans. The new fund strategy leans toward going long and holding long-term, allocating only a very small proportion of funds to capture millisecond-level trading signals. The system runs on multiple NVIDIA servers, filtering market noise through high-density signal processing to capture potential pricing patterns. Magnetar was founded in 2005, primarily investing in alternative credit, and its new fund is its first AI investment tool launched in the secondary market.

BlockBeats reported on June 10 that according to The Wall Street Journal, the U.S. Commodity Futures Trading Commission (CFTC) plans to propose a new set of rules to regulate forecasting markets. The new regulations proposed by the CFTC will continue to allow most sports-related prediction markets while aiming to avoid triggering obvious market manipulation.

According to ChainCatcher, with the growing demand for AI computing power and the continued development of the intelligent driving industry, tech giants like Nvidia and Tesla have continued to attract market attention. According to Gate market data, NVIDIA (NVDAX) is currently trading at $205.86; Tesla (TSLAX) is currently trading at $392.22. According to CoinGlass data, the Gate platform's NVDAX contract open interest reached $3.35 million, with a 24-hour trading volume of $4.13 million, ranking first globally; The TSLAX contract on the Gate platform has reached $3.87 million in open interest and $2.91 million in 24-hour trading volume, also ranking first globally. Relevant data shows that assets related to AI computing power and intelligent driving remain key areas of market capital. In addition, Gate Live's brand-new open class program will launch the first episode of the stock series, "How to Participate in the US Stock Market with USDT," at 16:00 (UTC+8) on June 10. This session will focus on Gate stock products, equity and ETF asset coverage, and core product highlights. Relying on Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

According to ChainCatcher and Onchain Lens, the on-chain address "0x049" has opened long contracts totaling 162.62 BTC and 6,136 ETH in the past two weeks, with leverage of 20 times and a total nominal position value of about $20 million.

According to BlockBeats, on June 10, according to official announcements, Bitget has listed a total of 89 stock spot stocks, including rWMT (Walmart), rBAC (Bank of America), rFIG (Figma), rBLK (BlackRock), rF (Ford Motor Company), and rAAL (American Airlines). Reportedly, rTokens, identified by the letter r + stock code (e.g., NVIDIA for rNVDA), are issued by Reality, Bitget's licensed RWA protocol, and are directly connected to global liquidity pools such as Nasdaq and the New York Stock Exchange through cooperation with compliant broker Alpaca. Its features include: underlying assets held 1:1 and held by licensed custodians, 1:1 distribution of stock dividends in token form, synchronized mapping of supporting corporate actions (such as stock splits and mergers), and positions that can serve as joint margin for unified accounts and U-margined contracts, allowing users to flexibly manage their funds while holding global equity assets.

According to Bijie.com, Ant International is planning a round of financing with a target valuation of $10 billion and plans to raise $1 billion. According to Bloomberg, the Singaporean fintech company has been profitable for eight consecutive quarters and is expanding its cross-border payments business. Ant Group's overseas division is in preliminary discussions with investors to raise new capital to support international growth, with existing investors including General Atlantic and Silver Lake. The unit is expected to generate approximately $3.7 billion in revenue by 2025, a year-over-year increase of about 25%. Although this business accounts for only about 10% of Ant Group's total revenue, its growth rate has already outpaced many domestic operations.

Odaily Planet Daily reports that Metaplanet CEO Simon Gerovich stated that the company's balance sheet holds 40,177 BTC, making it the world's third-largest BTC treasury, and generates significant revenue from BTC yields, laying the foundation for future development. （BitcoinTreasuries.NET）

According to Bijie.com, the Human Protocol's H token rebounded after the collapse on June 9, but after a $36 million bridge attack, its recovery remains fragile. According to Crypto.News data, H Token traded near $0.163 on June 10, up 23.7% in 24 hours, but down 74.1% compared to seven days ago. The token fluctuated between $0.0578 and $0.241 in its latest trading, indicating that traders continue to price in broad risk. H token is still about 80.7% below its all-time high of $0.8439 on June 2. Human Protocol stated that the attackers hacked employees' laptops, seized three Gnosis security keys, transferred about 141.2 million H, and broke three security keys on the BNB Smart Chain. Human protocol has suspended deposits and withdrawals from the affected bridge and activated a public tracker covering attacker addresses and recovery operations. The team offered a $1 million USDT bonus to obtain asset recovery information.