Crypto News & Market Updates

According to ChainCatcher, according to Lookonchain monitoring, Ethereum OG that sold 60,000 ETH (worth $117.25 million) and 9,442 wstETH (worth $24 million) at about $2,040 a week ago is now repurchasing ETH. Over the past two days, it spent $55.8 million to buy 35,723 ETH at an average price of $1,563 per coin, and may continue to buy more.

BlockBeats news, June 7, People's Bank of China: At the end of May, China's gold reserves were 74.96 million ounces (about 2,331.52 tons), up 320,000 ounces (about 9.95 tons) month-on-month, compared to 74.64 million ounces (about 2,321.56 tons) at the end of April, marking the 19th consecutive month of gold holdings.

According to ChainCatcher and Shanghai Securities News, South Korean investors have recently been increasing their holdings in Chinese hard technology assets. SEIBro data shows that as of May 27, the top A-share stocks by net purchase settlement by Korean investors in the past month include Cambricon, Megmeet, robotics ETF Huaxia, CATL, and Sanhua Intelligent Controls, with Cambricon leading with about $19.71 million.

According to Bijie.com, Rafael, co-founder of Glassnode, posted that Bitcoin has now entered the lowest valuation range of historical cycles. On-chain data model estimates show that the most likely bottom area is between $46,000 and $54,000. If extreme panic occurs, the deeper defensive bottom line is between $35,000 and $40,000. Since the pullback in each cycle of Bitcoin's bear market is narrowing, the probability of a deep drop is relatively low. On the upside, the first key area to recover is between $75,000 and $79,000. Rafael emphasized that this is not a prediction, and Bitcoin's bottom cannot be accurately confirmed in advance.

According to Binance, White House AI Policy Advisor Sriram Krishnan announced that he will voluntarily step down from this position at the end of June this year. Krishnan will serve in the Trump administration starting January 2025, serving as Senior Policy Advisor for Artificial Intelligence at the White House, working closely with AI and cryptocurrency czar David Sacks. After completing an approximately 18-month term and taking a brief break, he plans to establish a new policy and technology agency to recruit engineers to continue supporting the AI initiatives of the U.S. government and its allies in key areas such as energy, data centers, and broader policy. During his tenure, Krishnan helped drive several core AI initiatives under the Trump administration, with major achievements including designing and publishing the U.S. AI Action Plan, promoting the "AI Acceleration Partnership" aimed at enhancing the global competitiveness of U.S. AI technology, drafting the recently signed presidential executive order on the National AI Policy Framework, and actively lobbying and promoting the U.S. AI technology stack at AI summits and multinational visits in countries such as France and India.

According to Binance, OpenAI announced that ChatGPT lockdown mode, previously limited to enterprise and education users, will be expanded to all personal and business accounts. This mode serves as the last line of defense against prompt injection attacks and is currently available in versions such as Free, Plus, Pro, and ChatGPT Business. In locked mode, ChatGPT disables multiple networking and analysis features, real-time web browsing is restricted to accessing cached content only, and deep research and agent mode are completely disabled. At the same time, the locked mode prevents Canvas from automatically generating code from accessing the network and disconnects the file download channel used for data analysis. Security expert Simon Willison pointed out that lockdown patterns cut off the data leakage channels among the "three lethal elements." OpenAI emphasized that locking mode does not prevent prompt injection from affecting the model's logical behavior or response accuracy, but only prevents sensitive data from leaking.

According to Bijie.com and Yonhap News Agency, data obtained by South Korean lawmaker Lee Heon-seung from the Financial Supervisory Service and the five major virtual asset exchanges shows that from 2020 to April 2026, Upbit, Bithumb, Coinone, Korbit, and Gopax experienced a total of 57 hacking and system incidents, with total compensation exceeding 7 billion KRW (about 5.1 million USD). Among them, Bithumb will compensate about 2.5 billion KRW (approximately 1.8 million USD) for the BTC misissue incident in February this year, Upbit will compensate about 790 million KRW (approximately 570,000 USD) for the November 2025 hacking incident, and about 3.2 billion KRW (approximately 2.3 million USD) for the system incident on December 3, 2024.

According to JamNews, the Georgian Ministry of Internal Affairs seized 148 cryptocurrency mining devices during an illegal electricity use investigation conducted in the municipality of Mestia. The Ministry of the Interior stated that authorities found multiple local locations using professional crypto mining equipment, with some residents suspected of illegally consuming large amounts of electricity and systematically mining these devices for illicit income. The case is being investigated under Article 229 of the Georgian Criminal Code, with a maximum sentence of 3 years in prison.

According to Bijie.com, BTC OG insider whales saw their ZEC short gains narrow, with the profit loss dropping from +$16,469,013.74 (+253.01%) to +$14,002,850.72 (+191.00%). The current average price of ZEC is $626.47, the current coin price is $382.77, the liquidation price is $805.58, and the open interest size is $21,993,784.30. The whale addressed 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9, once holding over 50,000 BTC, and after eight years of dormancy, gradually swapped part of the BTC into ETH. His actions were highly synchronized with Trump's remarks and U.S. policy moves, and he shorted nearly $100 million before the sharp drop on October 11, drawing market attention.