Blockonomi

要約:
テザーインターナショナルは、ソフトバンクの退任によって空席ができたため、トウェンティーワンキャピタルの取締役会に独立した取締役を指名しました。
新しい任命者は、SECルール10A-3およびNYSEセクション303A.02の監査委員会の独立性基準を満たしています。
トウェンティーワンキャピタルは43,500以上のビットコインを保有しており、垂直統合型のビットコインビジネスモデルを構築しています。
パオロ・アルドイーノは、監督の強さはトウェンティーワンキャピタルのバランスシートの強さと一致しなければならないと述べました。
トウェンティーワンキャピタルは、監査委員会の空席を埋めるために独立した取締役を取締役会に任命しました。この動きは、2026年5月20日にテザーインターナショナルがビットコイン財務会社のソフトバンクグループの持ち株を取得した後に行われました。

TLDR:
ブータンに関連するウォレットが738 BTCを$44.8Mで移動し、構造化された主権的な引き出しパターンを続けています。
移転は中規模のトランシェで行われており、パニック清算ではなく構造化された売りを示しています。
ビットコインは$60K近くで取引されており、アナリストは$55Kと$50Kのレベルの間でサポートを追跡し、ベースを形成しています。
オンチェーンアナリストは確認された意図は見られず、活動はOTCまたは内部の動きを反映している可能性があります。
ブータンに関連するウォレットが6月6日に738ビットコインを移転し、約$44.88百万相当です。この移転は、オンチェーンアナリストが追跡する国家管理のビットコイン準備金の数か月にわたる減少を延長しました。

TLDR:
ARMA would create a Treasury-managed Strategic Bitcoin Reserve with nationwide cold storage facilities.
The bill authorizes purchases of 200,000 BTC yearly, targeting 1 million Bitcoin over five years.
All reserve Bitcoin would face a mandatory 20-year holding period before any potential release.
Quarterly proof-of-reserve reports and independent audits would increase public transparency.
The publication of the American Reserve Modernization Act of 2026 (ARMA) marks a new stage in U.S. Bitcoin policy discussions.
The bill introduces detailed legislative language for creating a Strategic Bitcoin Reserve within the Treasury Department.
Unlike previous proposals and political statements, the measure establishes specific rules governing Bitcoin acquisition, custody, reporting, and oversight.
The legislation frames Bitcoin as a reserve asset with characteristics that could complement traditional national reserves.
Lawmakers state that Bitcoin’s scarcity, adoption, and resilience support its potential role in strengthening U.S. financial security.
The bill also distinguishes Bitcoin from other digital assets by proposing a separate Strategic Bitcoin Reserve alongside a Digital Asset Stockpile for non-Bitcoin holdings.
The proposal further introduces reporting requirements, independent audits, and public proof-of-reserve disclosures.
These provisions seek to provide transparency regarding government-controlled digital assets and their management.
Treasury Reserve Structure Includes Long-Term Holding Rules
The bill directs the Treasury Secretary to establish a decentralized network of secure Bitcoin storage facilities across the United States.
These facilities would collectively form the Strategic Bitcoin Reserve and store government Bitcoin holdings using cold-storage methods.
Under the proposal, the Treasury would oversee monitoring, auditing, and security operations. The legislation also requires consultation with the Departments of Defense and Homeland Security, alongside industry experts, to develop security measures for reserve holdings.
A notable provision requires Bitcoin acquired by the reserve to remain untouched for at least 20 years. During that period, the assets could not be sold, auctioned, swapped, or otherwise disposed of.
Two years before the holding period expires, the Treasury Secretary would submit recommendations to Congress regarding future management of reserve holdings.
Bitcoin Purchase Program Targets One Million BTC Acquisition
The legislation establishes a Bitcoin Purchase Program that would authorize Treasury purchases of 200,000 BTC annually over five years.
The program’s stated objective is the acquisition of one million Bitcoin through structured purchases designed to limit market disruption.
The bill also permits additional Bitcoin acquisitions through forfeitures, agency transfers, gifts, and other lawful means.
Any Bitcoin obtained through those channels would be transferred to the Strategic Bitcoin Reserve and remain subject to the same custody and holding requirements.
To fund the initiative, the proposal outlines several mechanisms involving Federal Reserve resources and the revaluation of gold certificates.
The legislation also amends federal law to allow Bitcoin holdings within the Exchange Stabilization Fund while requiring additional reporting on related transactions and balances.
The measure further mandates quarterly proof-of-reserve reports, third-party cryptographic audits, and congressional oversight.
Federal agencies holding Bitcoin would be required to transfer those assets into the reserve rather than selling them.
The bill also establishes a voluntary program allowing U.S. states to store their Bitcoin holdings in segregated reserve accounts while retaining ownership rights.
Additionally, the legislation affirms private property rights by stating that the federal government may not seize or impair lawfully acquired Bitcoin holdings belonging to individuals or organizations.
If enacted, the proposal would create a formal framework governing the acquisition, custody, reporting, and long-term management of federal Bitcoin reserves.
The post ARMA Bill Proposes U.S. Strategic Bitcoin Reserve With 1M BTC Acquisition Framework appeared first on Blockonomi.

TLDR:
ZachXBT questioned Arthur Hayes over WLD exit after prior bullish statements and price targets.
Hayes sold Worldcoin shortly after public endorsements, triggering scrutiny over timing and intent signals.
The debate centers on whether public calls influenced retail entry before liquidity exits occurred in markets.
Hayes defended trades, stating he sold at market price to willing buyers following his trading strategy.
On-chain investigator ZachXBT has questioned BitMEX co-founder Arthur Hayes over recent token sales involving Worldcoin and other assets.
He raised concerns about whether public commentary contributed to retail liquidity exit during volatile trading periods.
ZachXBT has previously monitored public crypto trader activity using on-chain data analysis tools, platforms, and records systems.
Hayes sold his entire Worldcoin position shortly after publicly expressing bullish views and setting price targets for the recently announced sale.
The sale followed strong social media commentary that included a $10 price target from his firm Maelstrom entity.
The Worldcoin token drew increased attention after posts from high-profile investors circulated widely across markets and exchanges.
He also exited NEAR Protocol, Hyperliquid, and Zcash within a short timeframe, according to public post records available.
The moves prompted scrutiny over consistency between public statements and subsequent trading actions across markets, according to reported analysis coverage.
ZachXBT raises concerns over trading pattern and market influence
ZachXBT referenced repeated bullish commentary on NEAR, HYPE, ZEC, and Worldcoin across multiple posts in online archives and records.
The analysts compared the timing of posts and subsequent market movements and correlations observed across trading data.
How much exit liquidity was created from your followers over the past couple days?
First NEAR HYPE ZEC
Now WLD pic.twitter.com/vyDXwCHRwO
— ZachXBT (@zachxbt) June 6, 2026
He suggested rapid reversals created questions about exit liquidity generated during volatile market conditions across trading sessions and periods.
Analysts monitored trading behavior patterns following repeated timing gaps between commentary and position closures, observations in reports.
He argued influencer commentary can affect liquidity dynamics in short-term trading environments; market conditions observed trends.
The discussion spread across crypto communities tracking on-chain data and social sentiment indicators, with metrics analysis platforms widely.
Social sentiment tools recorded heightened discussion volumes during price swings across tokens tracked in multiple datasets observed globally.
Arthur Hayes defends exits and cites market-based execution
Arthur Hayes stated he sold tokens at market price to willing buyers during trading conditions across markets globally observed.
ZachXBT Questions Arthur Hayes of Touting Tokens Before Selling
Following a post by Arthur Hayes stating that he had sold his WLD holdings and exited the position, on-chain investigator ZachXBT publicly questioned how much exit liquidity Hayes had generated from his followers… pic.twitter.com/HtoT78yjgp
— Wu Blockchain (@WuBlockchain) June 6, 2026
He argued trades followed predefined objectives and were not influenced by social media reactions or online sentiment pressure factors.
His firm, Maelstrom, continues to manage investments tied to broader market positioning strategies and frameworks across portfolios globally structured.
He confirmed a full exit from Worldcoin after posting commentary on its price direction changes and recently observed trends.
Arthur Hayes also exited NEAR Protocol, Hyperliquid, and Zcash in earlier disclosed transactions, publicly reported activity logs available.
He maintained that post-trade narratives do not accurately reflect execution timing in volatile markets, according to his view.
Worldcoin experienced increased volatility following the announcement of Hayes’ full position exit disclosure across trading platforms globally reported.
Retail sentiment remained elevated while price movements continued during the same trading period observed across market data sets.
Analysts continued tracking Worldcoin volatility patterns after the announcement across derivatives and spot markets data reported across exchanges.
The post ZachXBT Questions Arthur Hayes Over Worldcoin Exit and Token Trading Pattern Shift appeared first on Blockonomi.

TLDR:
Gold prices fell to a three-month low, wiping out all gains recorded during the 2026 rally.
Strong US jobs data reduced rate-cut expectations, adding pressure on non-yielding assets.
Silver followed gold lower, extending losses after a powerful rally earlier in the year.
Markets now await June inflation data, which could shape the next move for gold prices.
Gold prices have erased all gains recorded earlier in 2026 after a steep decline pushed the precious metal to a three-month low.
The retreat comes despite geopolitical tensions, rising inflation concerns, and continued uncertainty surrounding US monetary policy, conditions that traditionally support safe-haven demand.
The latest market move has sparked fresh debate about the strength of the safe-haven trade. Investors are now reassessing expectations as gold prices and silver prices continue to retreat from their January peaks.
Gold Prices Slide Despite Traditional Safe-Haven Conditions
A recent post from Bull Theory drew attention to the sharp reversal across precious metals markets. The post noted that gold reached an all-time high of $5,600 per ounce on January 29. During the same period, silver climbed to $121 per ounce.
https://TWITTER.com/BullTheoryio/status/2063323610383880197?s=20
According to the post, both metals benefited from strong safe-haven demand at the start of the year. However, the trend changed after market conditions shifted.
The US-Iran conflict escalated during February, while the Strait of Hormuz closure pushed oil prices to $93 per barrel. Inflation also climbed to 3.8%.
Historically, those developments would support higher precious metal prices. Instead, the market moved in the opposite direction.
Gold has now fallen sharply from its January peak. The decline wiped out trillions of dollars in market value across gold and silver markets.
At the latest settlement, spot gold traded near $4,327 per ounce. The metal lost about 3.3% in a single trading session and posted a weekly decline exceeding 4%.
The current level leaves gold roughly 18% below its record high. As a result, gold prices have turned negative for the year despite their strong start.
Silver also recorded a deeper correction. The metal has fallen substantially from its January highs, erasing gains accumulated during the early rally.
Strong Economic Data Pressures Gold Prices
The latest decline in gold prices followed stronger-than-expected US labor market data. Government figures showed that the economy added 172,000 jobs in May.
The report exceeded market expectations and strengthened confidence in the resilience of the US economy.
As a result, investors reduced expectations for near-term Federal Reserve rate cuts. Some market participants also began considering the possibility of higher rates for longer.
Higher interest rates often pressure non-yielding assets such as gold. Investors can find better returns in interest-bearing investments when rates remain elevated.
At the same time, Treasury yields moved higher following the jobs report. The US dollar also strengthened against major currencies.
A stronger dollar generally weighs on gold demand because the metal becomes more expensive for international buyers. That trend added further pressure to gold prices during the recent sell-off.
Market participants are also monitoring weaker physical demand from China. Recent Shanghai Gold Exchange data showed that buying activity has slowed to its lowest level since 2020.
The pullback has also affected retail markets abroad. In India, local gold prices dropped sharply, while Pakistan reported a steep one-day decline in domestic gold rates.
Attention now shifts to upcoming US inflation data scheduled for June 10. Traders view the Consumer Price Index report as the next major catalyst for gold prices.
If inflation remains elevated, expectations for prolonged higher interest rates could continue weighing on sentiment. However, some large financial institutions maintain bullish year-end forecasts, citing ongoing central bank purchases and geopolitical uncertainty.
For now, gold prices remain under pressure as investors balance economic strength, monetary policy expectations, and changing demand trends.
The post Gold Prices Erase 2026 Gains as Safe-Haven Rally Unravels appeared first on Blockonomi.

TLDR:
Zooko Wilcox confirms users cannot independently verify if ZEC supply was hit by the Orchard flaw.
The Ironwood upgrade would create a new shielded pool using the patched Orchard circuit upon activation.
Turnstile mechanisms will block any excess ZEC from exiting the old Orchard pool after Ironwood activates.
Wilcox says exploitation is unlikely but users should not rely on Shielded Labs’ assessment alone.
Zcash co-founder Zooko Wilcox has confirmed that users currently cannot independently verify whether ZEC’s circulating supply was affected by the recently disclosed Orchard counterfeiting vulnerability.
Wilcox, alongside Jason McGee and Taylor Hornby of Shielded Labs, published a proposal for the Ironwood network upgrade.
The upgrade would restore user-level supply verification through consensus rules. No deployment timeline has been announced.
Wilcox: Privacy Properties of Orchard Block Independent Verification
The Orchard vulnerability was patched through an emergency network upgrade completed on June 2. That fix closed the security gap, but it did not resolve a separate problem.
The privacy architecture of the Orchard pool makes it impossible for users to confirm whether the vulnerability was exploited before the patch.
Wilcox acknowledged that Shielded Labs believes exploitation was unlikely. However, he was direct about the limits of that position.
Users should not have to rely on the team’s assessment when verifying the integrity of the ZEC supply, he stated in the published proposal.
The proposed Ironwood upgrade addresses this gap at the protocol level. It would create a new shielded pool using the corrected Orchard circuit.
Simultaneously, any transaction attempting to create new outputs in the existing Orchard pool would be rejected as invalid.
Once Ironwood activates, users would gain immediate, trustless verification of the circulating supply. They would simply sum the balances across active pools by running a node, with no need to reason about other parties’ actions or wait for fund migrations to complete.
Ironwood’s Two-Outcome Framework Targets On-Chain Evidence of Counterfeiting
Wilcox and his co-authors structured Ironwood around what happens when users begin migrating funds out of the old Orchard pool. The migration process creates conditions that may surface evidence of whether counterfeiting occurred.
Any counterfeiter holding excess ZEC in the old pool would face two options. Moving those funds into the new pool would expose their existence on-chain. Leaving them behind would risk permanent inaccessibility as legitimate users complete their migrations.
Wilcox outlined two resulting outcomes. Under the first, no excess ZEC attempts to exit the old pool. That result would serve as strong on-chain evidence that the vulnerability was never exploited.
Under the second, excess ZEC attempts to cross the turnstile and gets blocked by the protocol, destroying those funds while creating publicly verifiable proof of counterfeiting.
Turnstiles, Zcash’s existing cross-pool accounting mechanism, enforce these rules automatically. They track the total ZEC entering each pool and reject any withdrawal attempt that exceeds the legitimate balance. This prevents excess ZEC from escaping into other pools regardless of outcome.
Wilcox recommended that all wallets supporting the existing Orchard pool add support for the new one ahead of activation.
Existing Orchard addresses would remain valid after Ironwood activates, with incoming ZEC automatically received in the new pool. The team noted that the transition from zcashd to the Zebra node client may affect the upgrade’s timing.
The post Zcash’s Orchard Vulnerability Leaves Users Unable to Verify ZEC Circulating Supply, Says Zooko Wilcox appeared first on Blockonomi.

要約：
ピーター・シフが警告：売り手が$50,000を下回る決定的なブレイクを強いると、ビットコインは$30,000まで急落する可能性があります。
ビットコインのRSIが30を下回り、極端なベアリッシュモメンタムと売られ過ぎの市場状況を示しています。
予測市場では、ビットコインが2026年に$55,000を下回る確率は83%とされています。
BTCは$60Kと$61.8Kの間でトラップされており、トレーダーは統合からのブレイクアウトを待っています。
最近のセッションで経済学者ピーター・シフからの警告が再燃し、BTCに対するベアリッシュセンチメントが市場全体で強まっています。

要約:
BitMEXリサーチは、$64Bの支出対$50BのBTC価値の主張に異議を唱え、不完全な会計の見方だと呼んでいる。
戦略はプレミアム株の発行を通じて資金を調達し、株主価値をビットコイン価格を超えて押し上げた。
マイケル・セイラーのビットコイン戦略は、現金、債務、株式ファンディングを組み合わせた複数のサイクルにわたっている。
議論は、BTC保有量ではなく評価方法に集中しており、ボラティリティの高い暗号市場の状況の中で行われている。
マイケル・セイラーのビットコイン戦略は、アーカムデータが戦略がほぼ$64Bをビットコイン取得に費やしたと示唆した後、再び注目を集めているが、現在の価値はかなり低くなっている。

要点まとめ：
Glassnodeのデータによると、ビットコインの長期ホルダーが配分から再蓄積フェーズに移行している
ビットコインは$60Kのサポートをテスト中で、RSIは15に近づいており、現在は売られ過ぎのモメンタムを示している
価格構造は高値切下げを示しており、重要なサポートゾーン付近でダブルボトムが形成される可能性がある
長期ホルダーからの流動性供給の減少は、需要が安定していれば価格反応を強化するかもしれない
ビットコインは、価格構造における重要なテクニカルテストとともに、長期供給行動の顕著な変化を経験している。

TLDR:
Senator Cynthia Lummis describes the CLARITY Act as the most consequential financial bill today.
The legislation establishes clear SEC and CFTC oversight rules for digital asset classification.
Tokens meeting decentralization standards may transition from securities to commodities oversight.
Senate negotiations continue on stablecoins, DeFi protections, and expanded crypto tax reporting
CLARITY Act advances in the United States Congress as lawmakers shape a digital asset regulatory framework during the 2026 legislative cycle.
Senator Cynthia Lummis describes the CLARITY Act as a defining financial legislation effort in the ongoing Senate discussion.
Lawmakers passed the bill in the House in July 2025 and advanced Senate committee versions in the 2026 stage. Negotiations are still ongoing over stablecoin rules, DeFi treatment, and tax reporting requirements within the Senate framework committees.
Congress advances CLARITY Act with SEC and CFTC division model
Lawmakers advanced the CLARITY Act after the House passed it with bipartisan support in July 2025, final vote. Senate committees reviewed the legislation and approved versions for consolidation into a unified draft process stage in the 2026 cycle.
Senator Cynthia Lummis played a central role in shaping regulatory language and the bipartisan coordination process.
The CLARITY Act establishes a framework that divides SEC and CFTC authority for digital asset classification system rules structure.
Sen. Cynthia Lummis calls the CLARITY Act “the most consequential financial legislation of this generation.”
She affirms, “We are going to get it done.” pic.twitter.com/jG9XJc747A
— Coin Bureau (@coinbureau) June 6, 2026
Classification depends on decentralization, control, and network structure under federal regulatory criteria applied across the token assessment process framework. Assets that pass the mature blockchain test may shift from SEC oversight to CFTC jurisdiction over time.
Market participants monitor classification outcomes as they affect compliance planning across crypto industries under an evolving regulatory framework.
Industry stakeholders are evaluating how decentralization thresholds may influence long-term token governance structures across blockchain networks review process stage.
Developers and exchanges adjust operations based on regulatory expectations and classification outcomes within the compliance planning cycle framework stage.
Stablecoin rules and exchange oversight in CLARITY Act framework
Senate negotiators are reviewing stablecoin provisions within the CLARITY Act framework during the ongoing legislative discussion stage cycle.
Provisions address restrictions on yield-like rewards and define boundaries for stablecoin financial activity under regulatory framework review process.
Final rules depend on Senate agreement and technical drafting between committees for the final legislative approval process.
The CLARITY Act requires centralized exchanges and intermediaries to register under CFTC oversight framework for compliance enforcement.
Registration introduces customer protection reporting and transparency obligations similar to traditional financial markets within a regulated system framework.
The bill expands tax reporting definitions, requiring more broker disclosures through Form 1099-DA filings to the Internal Revenue Service.
The Blockchain Regulatory Certainty Act provision is meant to protect non-custodial developers within a decentralized protocol framework under specific legal conditions.
It distinguishes decentralized protocols from custodial intermediaries that control user assets directly under regulatory classification rules framework.
The post Senator Cynthia Lummis Calls CLARITY Act the Most Consequential Financial Legislation of This Generation appeared first on Blockonomi.

TLDR:
USDT flipping ETH marks a shift from speculative crypto assets to demand for stable dollar liquidity.
The stablecoin market grew 30x in five years, expanding from under $10B in 2020 to over $300B today.
Visa, Mastercard, and MoneyGram are integrating stablecoins into live settlement and payment networks.
Neobanks building on stablecoin rails can offer global accounts, cards, and cross-border transfers from launch.
USDT flipping ETH in market capitalization is reshaping how the crypto industry understands value. For years, Bitcoin held the top position while Ethereum sat firmly at number two.
That order reflected a market built around assets and protocols. Now a dollar-pegged token is challenging that structure, and the shift carries real consequences for stablecoins and the neobanks positioning to build on top of them.
What the USDT and ETH Flip Reveals About Stablecoin Demand
USDT flipping ETH is not a story about one token outperforming another. It reflects a fundamental change in what the market wants from crypto infrastructure.
The world is not only seeking crypto assets anymore. It is seeking crypto money, and stablecoins are delivering exactly that.
The stablecoin market has expanded from under $10 billion in 2020 to over $300 billion today. USDT accounts for roughly $187 billion of that total, with USDC holding approximately $76 billion.
That 30x growth over five years did not come from speculation. It came from real demand for dollar liquidity on programmable rails.
Early stablecoin use centered on trading. Sell a volatile asset, park value in USDT, move funds across exchanges. That use case still exists, but it no longer defines the market.
Stablecoins now move through cross-border payments, B2B settlement, freelancer payouts, merchant transactions, remittances, and on-chain lending.
Unlike token narratives that fade when attention moves elsewhere, stablecoin demand is tied to broken money movement. That demand does not dry up in a bear market.
In many cases, it grows stronger, because businesses still need settlement and users still need dollar access regardless of price cycles.
What the Flip Means for Neobanks Building on Stablecoin Rails
The USDT and ETH shift is also a signal for neobanks watching the stablecoin market closely. The first generation of neobanks improved the banking interface while leaving legacy rails intact underneath. The next generation is replacing those rails entirely with stablecoin infrastructure.
A stablecoin-native neobank can operate globally from day one. It can offer USD balances, crypto cards, P2P liquidity markets, merchant settlement, cross-border transfers, payroll, and FX routing without relying on local banking systems.
Stablecoins become the money layer, while the neobank provides the product experience users interact with daily.
Major payment networks are already moving in this direction. Visa’s stablecoin settlement pilot reached a $7 billion run rate and grew 50% quarter over quarter.
Mastercard has entered stablecoin payouts and multi-token infrastructure. MoneyGram launched a dollar-pegged stablecoin connected to a network serving tens of millions of users.
Projections place the stablecoin market between $1.2 trillion and $1.9 trillion by 2028 to 2030. At that scale, the competitive edge will not belong to stablecoin issuers alone.
It will go to neobanks that own user relationships, local liquidity, merchant networks, and distribution. USDT flipping ETH is the market pointing directly at that opportunity.
The post USDT Flipping ETH: What It Means for Stablecoins and Neobanks appeared first on Blockonomi.

要点:
ビットコインは、過去3回の連邦準備制度理事会の指導者交代後に83%、84%、77%下落しました。
新しい連邦準備制度の議長は通常、初期にタカ派の発言を採用し、流動性を引き締め、リスク資産にプレッシャーをかけます。
連邦準備制度は2025年12月に量的引き締めを終了し、短期国債の購入を再開しました。
ワーシュのタカ派の歴史と再燃するインフレシグナルは、6月のFOMCでのハト派政策への期待を曇らせています。
ビットコインは$63,000近くで推移しており、連邦準備制度は2026年5月の指導者交代に備えています。ジェローム・パウエルは、抑制された暗号市場の中でケビン・ワーシュに議長職を引き継ぎます。

TLDR:
アーサー・ヘイズが関与するトークンの選定は大きな修正を受け、ZECは61%以上の損失を引き起こしました。
WLD、HYPE、NEAR、ZECは急激な市場の反転前に強いリテールの関心を集めました。
ソーシャルメディアでの議論は、ヘイズの報告されたWLDポジションのエグジットに関する主張が広がる中で激化しました。
WLDは次の方向性を決定する可能性のある主要な需要ゾーンをテストしています。
アーサー・ヘイズの暗号選定は、彼が公に議論したいくつかのトークンが最近の高値から急激に下落した後、再び市場の注目を浴びています。

要点:
戦略ビットコイン財務は、慎重な5〜10％の配分から、フルバランスシートビットコインエクスポージャーモデルに進化しました。
フォン・レは、サイラーの攻撃的な「オールイン」ビットコイン戦略が、時間が経つにつれて正しかったことを認めました。
財務は現在、843,706 BTCを111回の購入を通じて保有しており、ボラティリティが上昇し、実行主導の蓄積サイクルが進行中です。
資金圧力が高まる中、優先株が配当義務を追加し、ビットコイン価格による未実現損失が発生しています。
戦略ビットコイン財務は、配分に関する内部リーダーシップの対立した見解を明らかにしました。CEOのフォン・レは当初、限られたエクスポージャーを好みましたが、マイケル・サイラーはフルバランスシートのビットコインへの移行を推進しました。

TLDR:
PYUSDの供給が$4.2BのATHから31%減少し、2026年の流動性フローの変化に伴い$2.92Bに落ち込んでいる。
$1B以上が流通から消え、市場のボラティリティが安定コインのミンティングと交換の流入を減少させている。
PayPalがPYUSDを70の市場に拡大し、ウォレットの使用と国際送金アクセスを世界的に増加させている。
ステーブルコインは中堅のままで、USDTとUSDCが広範な暗号流動性と決済フローを支配している。
PYUSDの供給収縮はステーブルコイン市場で注目を集めており、PayPalのドルバック資産は3月の$4.2Bのピークから約$2.92Bに戻っている。

要点：
ゴールドマン・サックスは、2026年から2031年の間に累積AIインフラ投資が$7.6兆に達すると予測しています。
Nvidiaは、6年間で$5.1兆のコンピュートレイヤーの75%を獲得すると予測されています。
パワーは$3580億と最小の予算セグメントですが、完全な展開のためのクリティカルボトルネックです。
Vistraは、急増するAIパワー需要を満たすために、Metaとの間で20年間、2600MWの原子力契約を締結しました。
ゴールドマン・サックスは、2026年から2031年までの人工知能インフラ資本支出の詳細な予測を発表し、累積支出が$7.6兆になると予測しています。

要約：
ロシアの中央銀行は、非資格投資家をビットコイン、イーサリアム、USDTのみに制限する。
草案法の下では、小口の暗号購入に対して、ブローカーごとに年間30万ルーブルの上限が適用される。
USDTは、中央銀行の凍結やバーンリスクに関する警告にもかかわらず、承認リストに残っている。
ロシアのデジタル通貨法は、夏に通過した後、2026年7月1日に完全施行される予定。
ロシアの中央銀行は、小口投資家に対する暗号通貨のアクセスについて明確なラインを引いた。第一副総裁のウラジミール・チスチュキンが、ロシア銀行は非資格投資家をビットコイン、イーサリアム、USDTの3つの資産に制限することを確認した。

要約:
バイナンスで取引されているアルトコインの83%が200-DMAを下回っており、このサイクルで最も低い水準の一つです。
TOTAL3は約6700億ドルに落ち込み、現在のサイクルのピークから約5200億ドルを失いました。
アルトコインの弱さは2025年10月以来続いており、資産の60〜90%が200-DMAを下回っています。
ビットコインはほぼ4%下落し、ナスダックは4.7%下落しました。AIと半導体株の弱さに引きずられています。
アルトコイン市場は厳しい圧力に直面しており、2025年10月以来、5200億ドルの時価総額が消失しました。ビットコインは1回のセッションでほぼ4%下落し、S&P 500は2.6%下落、ナスダックは4.7%の損失を記録しました。

要点:
アメリカは5月に172,000の雇用を追加し、予測をほぼ倍増させ、1日で利上げの可能性を57%に押し上げました。
BroadcomがAI目標を引き上げないことを拒否したため、株価が12.6%下落し、過大評価されたAIポジションへの懸念を引き起こしました。
SemiAnalysisはNvidiaの新しいチップが予想の半分のメモリしか必要としないことを報告し、SK HynixとSamsungの株が急落しました。
SpaceX、Anthropic、OpenAIの上場は4〜5兆ドルの価値があり、ファンドマネージャーは現金を調達するために保有株を売らざるを得なくなっています。
世界の金融市場は金曜日に広範囲かつ急激な下落を経験し、単一の取引セッションで約2.5兆ドルを消失させました。

TLDR
ブラックロックは6月5日にビットコインETFに4666万ドルの資金流入を記録しました。
この流入は、ファンドにとって13日間の連続流出のストリークを終わらせました。
ビットコインは同じセッションで61,000ドル近くで取引されました。
この資産は過去1週間で15%以上の下落を見せました。
広範なビットコインETF市場は引き続き圧力にさらされています。
ブラックロックは6月5日に新たな資本がビットコインETFに流入することで13日間の流出ストリークを終わらせました。ファンドは最新のセッションで4666万ドルの新たな流入を引き寄せました。この反転はビットコインが61,000ドルを再テストし、週間損失が15%を超えた際に発生しました。