On June 1st, it was reported that JamesWynn, a well-known figure in the cryptocurrency field, once again spoke out, announcing his return to the market. He responded to the outside rumor that “he made 100 million US dollars but lost it all back”, detailing the trading process: Through leveraged trading, he magnified the principal of 3 to 4 million US dollars to nearly 100 million US dollars in profit, but ultimately lost 13 million US dollars.
JamesWynn frankly stated that he never intended to cash out when he made a profit of 100 million US dollars. “For me, it’s either a total win or nothing at all,” but he also warned others not to follow this high-risk trading model. Earlier that day, he closed his long positions in Bitcoin with 40 times leverage and PEPE with 10 times leverage, losing 2.81 million US dollars. At present, there are no positions in his account, with a total loss of 17.72 million US dollars. He has also transferred out approximately 464,000 USDC from HyperLiquid and emptied his stablecoins.
FTX launched a $5 billion payment plan
According to Golden Finance, the cryptocurrency trading platform FTX has initiated a payment process totaling 5 billion US dollars. The funds will be distributed within three days through the two major platforms, Bitgo and Kraken. After the payment is completed, creditors may face the choice of re-entering the market or completely withdrawing from it. Industry insiders point out that a large amount of funds flowing into wallets in the short term may trigger sharp fluctuations in the cryptocurrency market, and investors need to closely monitor market dynamics.
Michael Saylor: Bitcoin is “perfect capital” and is suitable for allocation by all kinds of investors
Golden Finance reported that at the Bitcoin 2025 conference held in Las Vegas, Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy), delivered a speech, calling Bitcoin “the perfect capital”. He emphasized that Bitcoin is not only suitable for institutional investors, but also for families and individuals to consider allocation. Currently, Strategy holds over 60 billion US dollars worth of Bitcoin and is committed to promoting the mainstream application of Bitcoin.
Saylor also pointed out that Bitcoin’s transparency and anti-censorship features make it more attractive in the global monetary system. Its “immutable” monetary policy and mathematically driven scarcity are attracting an increasing number of long-term investors.
A former senior SEC official lashed out at the statement on the relaxation of cryptocurrency regulation
Golden Finance reported that John Reed Stark, a former senior official of the US Securities and Exchange Commission (SEC), posted on the X platform, severely criticizing the SEC’s recent series of statements on easing the regulation of cryptocurrencies. Stark believes that these statements are neither innovative nor revolutionary. In particular, the statement about Staking not only encourages investors to engage in high-risk cryptocurrency products, but also exacerbates systemic risks in global financial markets.
He cited the dissenting opinion of Commissioner Caroline Crenshaw, pointing out that the conclusion of the SEC staff conflicted with previous law enforcement actions, deviated from the Hawway Act precedent, and was an improper practice of “false first and then true”. Such statements did more harm than good.
The key point of Bitcoin price is approaching, and the intensity of CEX clearing has drawn attention
Golden Finance reports that according to Coinglass data, the price trend of Bitcoin has drawn much attention. If it drops below $103,000, the cumulative long order clearing intensity of mainstream centralized cryptocurrency exchanges (CEX) will reach $521 million. If it breaks through $105,000, the cumulative intensity of short position liquidation will reach $301 million. It should be noted that the liquidation chart reflects the relative importance of each liquidation cluster. A higher “liquidation column” indicates that when the price reaches that position, the market will have a strong reaction due to changes in liquidity.
In May, the inflow of Bitcoin ETFs exceeded that of gold ETFs
According to Golden Finance, there was a significant change in the flow of funds in the cryptocurrency market in May. The net inflow of Bitcoin ETFs was 5.25 billion US dollars, while the net outflow of gold ETFs was 1.58 billion US dollars. The inflow of funds into Bitcoin ETFs far exceeded that of gold ETFs, reflecting the enhanced confidence of investors in the cryptocurrency market. And the structural transformation of market capital allocation.
CZ proposed to launch the dark pool perp DEX
Golden Finance News: CZ, the founder of Binance, proposed on the X platform that it is a good opportunity to launch a dark pool perpetual contract decentralized exchange (perp DEX) at present. He pointed out that the transparency of existing DEX order information is too high, which can easily trigger front-running and MEV attacks in perpetual DEXs involving clearing, leading to increased slippage and rising transaction costs. In traditional finance, the size of the dark pool commonly used by large traders is usually ten times that of the ordinary order book. CZ suggests that the new platform could hide the order book or smart contract deposit information through encryption technologies such as zero-knowledge proofs, providing traders with a more private trading environment.
The market capitalization and holding volume of BlackRock Bitcoin ETF have reached new highs
According to Golden Finance, official data from BlackRock shows that as of October 23rd, the market value of its Bitcoin ETF – IBIT – reached $71,174,018,381.12, with a holding volume of 664,954.70240 BTC. This indicates that as the market’s attention to Bitcoin increases, the investment intensity of large financial institutions continues to rise, and BlackRock’s layout has further enhanced the recognition of Bitcoin in the mainstream investment field.
470 million XRP have been locked to the Ripple escrow address
Golden Finance reported that according to the monitoring of the on-chain data tracking service Whale Alert, around 7:11 a.m. Beijing time, 470,000,000 XRP (worth approximately $1,026,611,790) was transferred to the Ripple escrow address lock. This large-scale token lock-up operation has drawn market attention to the subsequent price trend of XRP and the ecosystem layout of Ripple.
The holdings and value of Bitcoin in El Salvador have been exposed
According to Golden Finance, mempool data shows that El Salvador currently holds 6,194.18 BTC, approximately equivalent to 646 million US dollars. El Salvador’s active layout in the Bitcoin field demonstrates its confidence in the future potential of cryptocurrencies and also provides a reference example for other countries and regions.
A large number of tokens will be unlocked this week
According to Golden Finance, Token Unlocks data shows that this week, multiple tokens such as ENA, EIGEN, and TAIKO will undergo large-scale one-time unlocking. Among them, Ethena (ENA) will unlock approximately 40.63 million tokens (accounting for 0.70% of the current circulation, with a value of about 12.5 million US dollars) at 3 p.m. Beijing time on June 2nd. Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens (accounting for 0.42% of the current circulation, with a value of about 1.7 million US dollars) at 3 a.m. on June 4th. The unlocking of large tokens may have an impact on the prices of related tokens and the market supply and demand relationship.
Meta plans to use artificial intelligence to assess the risks of product updates
Golden Finance reported that internal documents show that Meta plans to introduce an AI-driven system to assess the potential hazards and privacy risks involved in up to 90% of the updates of its apps such as Instagram and WhatsApp. According to the agreement reached between Meta and the US Federal Trade Commission in 2012, products need to undergo privacy reviews, which were previously mainly evaluated by humans. Under the new system, the product team needs to fill out questionnaires, and artificial intelligence will provide “immediate decisions” for risk identification and the requirements that must be met before the update.
The SEC has raised questions about Ethereum and Solana staking ETFs
Golden Finance reports that the U.S. Securities and Exchange Commission (SEC) has questioned the Ethereum and Solana staking ETFs launched by REX Shares and Osprey Funds, believing that they may not meet the definitions of investment companies and ETFs in the Federal Securities Act. It is pointed out that these funds may have “incorrectly submitted registration statements”, and the relevant identity disclosures may be misleading. Greg Collett, the general counsel of REX Financial, responded that the SEC’s doubts would be addressed and the fund would not be launched until the issues were resolved.
The founder of the “Silk Road” raised a large amount of Bitcoin through an auction of prison items
Golden Finance reports that the auction of prison items by Ross Ulbricht, the founder of the dark web trading platform “Silk Road”, has raised approximately 1.8 million US dollars in Bitcoin. The auction items included his paintings created in prison, personal items and prison ID card, among which the prison ID card was sold at a high price of 11 BTC (about 1.1 million US dollars). Ulbricht said that this auction is an important step in opening a brand new chapter of life.
Bitcoin advocate Max Keiser expressed doubts about Bitcoin Finance companies
Golden Finance reported that Bitcoin advocate Max Keiser wrote an article questioning the newly established Bitcoin finance companies, arguing that these companies have not yet undergone the test of a long-term bear market. He pointed out that these companies imitated the enterprise BTC reserve system promoted by Michael Saylor, the co-founder of MicroStrategy, but their ability to maintain financial discipline in a bear market has not been verified. Keiser emphasized that Saylor not only did not sell Bitcoin during past bear markets but also continued to increase his holdings.
Last week, the sales volume of the NFT market declined, while the transaction volume and the number of buyers increased
According to CryptoSlam data, the NFT market has shown a complex situation over the past week, as reported by Golden Finance. Overall sales dropped by 16.76% to $105.7 million, but the number of buyers increased by 55.35% to 699,471, the number of sellers rose by 19.22% to 242,898, and the transaction volume soared by 34.31% to 2,233,547. Ethereum NFT sales rose by 28.43% to 36.5 million US dollars, consolidating its leading position in the market. Polygon ranked second with sales of 15 million US dollars (down 25.88%). Solana ranked among the top six with $7.2 million (an increase of 17.78%). The number of most blockchain buyers has increased, with Polygon leading the way with a 43.72% growth, followed by Solana with 37.39% and Bitcoin with 33.34%.
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