Headline

▌US House Financial Services Committee Chairman Makes Tokenization Policy a Priority

On June 1st, after completing work related to stablecoins, US House Financial Services Committee Chairman Hill made tokenization policy a priority.

▌Iranian President Submits Resignation to Supreme Leader's Office

June 1st, according to a source cited by London-based Iran International Television, Iranian President Pezechzian has formally submitted his resignation to the Supreme Leader's office. The source stated that in his letter sent on Sunday, Pezechzian emphasized that the president and government have effectively been excluded from major and critical national decision-making processes, creating a power vacuum that has allowed hardline factions within the Iranian Islamic Revolutionary Guard Corps to control the situation.

▌US Media: Trump's Modifications to Proposed Agreement Extend US-Iran Negotiations by a Week

May 31st, according to CNN, officials stated that Trump made modifications to the proposed agreement with Iran after meeting with advisors on Friday, which will extend the negotiation process by another week.

The specific modifications Trump is demanding remain unclear, but officials say the president insists on stronger wording on Iran's nuclear commitments and its assurances to reopen the Strait of Hormuz. As the dispute over the wording of the agreement continues, it remains unclear how these differences will be resolved. Previously, Axios and the New York Times reported on Trump's proposed modifications.

▌Iranian Parliament Speaker: No Agreement Will Be Approved Until Iranian People's Rights are Guaranteed

On May 31, Iranian Parliament Speaker Ghalibaf, in his opening remarks at the first session of the third year of the 12th Parliament, stated that diplomatic fighters have absolutely no trust in the words and promises of their enemies. Iran's only criterion is the objective, tangible results that must be achieved; only on this basis will Iran fulfill its corresponding commitments. Iran will never approve any agreement until the legitimate rights and interests of the Iranian people are fully guaranteed.

... (CCTV News) Iranian lawmaker: Nuclear issue not on the negotiating agenda; focus on ending the war completely. On May 31, according to the Iranian Students' News Agency, Khosari, a member of Iran's National Security and Foreign Policy Council, stated that the current focus of negotiations is on ending the war completely. The nuclear issue has been excluded from the negotiating table. Negotiations are still ongoing, but no final agreement has been reached. Blockchain Applications According to SpotOnChain monitoring, tech giants have issued a record $159 billion in bonds so far this year to fund artificial intelligence infrastructure—Amazon, Meta, Alphabet, and Oracle currently account for 18% of total US corporate bond issuance in 2026. Technology companies accounted for 8.3% of the high-yield bond market and 10.3% of the investment-grade bond market, both record highs. Goldman Sachs: Capital Expenditure Related to Artificial Intelligence Will Reach $905 Billion by 2027 According to Cointelegraph on June 1st, Goldman Sachs predicts that capital expenditure related to artificial intelligence will reach $905 billion by 2027. Polymarket Predicts 28% Probability of Anthropic's Claude Mythos Model Launching Before the End of June According to data from the prediction platform Polymarket on June 1st, Anthropic is still improving its security mechanisms to prevent abuse, and the probability of its Claude Mythos model launching before the end of June is 28%. Cryptocurrency ▌Federal Reserve Governor Waller: Stablecoins Will Expand the Scope of US Monetary Policy On May 31, Federal Reserve Governor Waller stated that the global adoption of stablecoins could amplify the influence of US central bank policy. "For countries adopting stablecoins, it's like a fixed exchange rate system," Waller said on Sunday at an event in Dubrovnik, Croatia. "You'll be inputting US currency costs, so in countries where stablecoins are used more, it actually expands the reach of US monetary policy." JPMorgan CEO Warns: Stablecoins May "Explode" If They Pay Deposit-like Interest Rates. On May 31, JPMorgan CEO Jamie Dimon warned about the US crypto market structure bill, the CLARITY Act, stating that if stablecoin issuers are allowed to offer returns to users similar to bank deposit interest rates, the model could eventually "explode." Dimon stated that the bill allows crypto companies to offer users deposit-like returns through stablecoin accounts in the absence of adequate regulatory protection, an arrangement the banking industry would not accept. He said, "I'm not worried about stablecoins themselves, but if this happens, I won't get involved, and it will eventually explode." The CLARITY Act aims to clarify the regulatory framework for the US crypto industry and define the responsibilities of regulatory agencies. Previously, Patrick Witt, executive director of the U.S. Digital Asset Advisory Council, stated that the Trump administration planned to push for the bill's passage by July 4th. However, Polymarket data shows that the probability of the CLARITY Act passing in 2026 has fallen from nearly 70% to slightly above 50%. On June 1st, U.S. Treasury Secretary Bessent claimed that all the chaos (absurdities) in the cryptocurrency space occurred offshore.

▌Total On-Chain Holdings of US Spot Bitcoin ETF Surpass 1.7 Million BTC

On June 1st, according to Dune data, the total on-chain holdings of US spot Bitcoin ETF have surpassed 1.7 million BTC, currently reaching approximately 1.736 million BTC, accounting for 8.66% of the current BTC supply, with an on-chain value of approximately $196.2 billion.

▌Michael Saylor Releases Bitcoin Tracker Information Again, Possibly Hinting at Further Increase in BTC Holdings

On May 31st, Strategy founder Michael Saylor again released information related to Bitcoin Tracker. Based on past patterns, Strategy typically discloses information about increasing its Bitcoin holdings the day after such news is released.

▌Argentine Authorities Arrest 24 and Seize Over $50 Million in Crypto Assets

On May 31, Argentine authorities arrested 24 people and seized over $50 million in crypto assets in a nationwide crackdown on suspected investment fraud.

▌Hyperliquid ETF Sees Net Inflows for 13 Consecutive Days, Cumulative Inflow of $136 Million

On May 31, the Hyperliquid ETF saw a net inflow of $29.6 million, a record high. BHYP saw a net inflow of $20.1 million, and THYP saw a net inflow of $9.5 million. The Hyperliquid ETF has achieved net inflows for 13 consecutive trading days, with a cumulative net inflow of $136 million.

▌BHYP Sees Net Inflow of $20.1 Million, and THYP Sees Net Inflow of $9.5 Million. The Hyperliquid ETF has achieved net inflows for 13 consecutive trading days, with a cumulative net inflow of $136 million.

▌Hyperliquid ETF Sees Net Inflow of $29.6 Million, Cumulative Net Inflow of $136 Million.

Golden Encyclopedia

▌Can Bitcoin still be called "digital gold" under geopolitical crises?

Every time there's a geopolitical crisis, gold prices rise while Bitcoin prices plummet.

After six tests, the claim of "digital gold" has never been substantiated by data. Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits asymmetry: it falls with stocks but doesn't rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an oversupply of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation). Bitcoin is not a safe-haven asset, but it is a "crisis-useful asset," capable of functioning when borders are closed and banks fail. If these three asymmetries narrow, Bitcoin may no longer be a replica of gold but a completely new "next-generation gold." Generational shifts and the widespread adoption of algorithms are key factors that could accelerate this process.