Bitget Daily Digest (June 3) | Trump Demands “Best Offers” by Wednesday, Strategy Increases BTC Holdings for 8 Straight Weeks

Bitget App

Trade smarter

远山洞见2025/06/03 01:44

By:远山洞见

Bitget Daily Digest (June 3) | Trump Demands “Best Offers” by Wednesday, Strategy Increases BTC Holdings for 8 Straight Weeks image 0

Today'Preview

1.The U.S. April JOLTs job openings (in ten thousand) will be released today, with the previous value at 7,192.

2.Re-staking protocol YieldNest announced via social media that its Token Generation Event (TGE) will take place on June 3. Around 40% of the token supply will be allocated to community incentives, and the protocol plans to use future revenue to buy back tokens.

3.Both major South Korean presidential candidates support spot crypto ETFs, indicating a bipartisan consensus ahead of the June 3, 2025, election.

Macro & Hot Topics

1.Trump Demands “Best Offers” by Wednesday

According to Reuters, the Trump administration is urging countries engaged in advanced tariff talks to submit their “best offers” by Wednesday, aiming to accelerate trade negotiations ahead of a July deadline. Documents show internal pressure within the U.S. government to close deals swiftly. Although White House economic advisors like Hassett have claimed that multiple agreements are nearing completion, only one limited deal with the UK has materialized so far—and it’s seen more as a framework for ongoing negotiations than a finalized agreement. The letter reportedly asks nations to present optimal proposals across key sectors, including tariff/quota relief on industrial and agricultural imports and non-tariff barrier plans. The U.S. will evaluate responses and propose a “range of potential solutions,” possibly including reciprocal tariff rates. The targeted recipients remain unclear, but likely include active negotiation partners like the EU, Japan, Vietnam, and India.

2.U.S. SEC Seeks Feedback on WisdomTree’s Physical BTC Redemption Proposal

The SEC is requesting public comments on whether to amend regulations to allow WisdomTree’s Bitcoin Fund to support physical creation and redemption. Individuals have 21 days to submit written feedback. Approved in January 2024, WisdomTree’s spot BTC ETF (BTCW) is now considering allowing redemptions in actual Bitcoin rather than cash.

3.Institutional BTC Holdings Update

As of June 2, 2025 (ET), public companies (excluding mining firms) saw a net inflow of $196M into BTC last week, while BTC ETFs recorded a $157M net outflow.

Strategy (formerly MicroStrategy) added 705 BTC worth $75M at an average price of $106,495, marking its 8th consecutive week of accumulation. Total holdings now stand at 580,955 BTC.

MetaPlanet bought 1,088 BTC for $117M at an average price of $107,771, raising its total to 8,888 BTC.

GameStop disclosed for the first time that it holds 4,710 BTC as of May 28, though purchase details were not revealed.

In total, publicly listed firms (excluding miners) now hold 636,960 BTC, valued at approximately $66.35 billion, or 3.2% of total BTC circulating supply.

4.FTX Repayments Begin

According to X user and creditor rep Sunil, FTX creditors have started receiving distributions in their Kraken accounts. The second phase of FTX's repayment plan began with U.S. creditors receiving distributions on May 30 ($312M in total claims) and international creditors on June 2.

5.Meta Shareholders Reject BTC Treasury Proposal

At Meta's annual meeting, shareholders overwhelmingly voted against a proposal to include Bitcoin in the company’s treasury—over 4.9 billion votes were against, versus just 3.92 million in favor. Despite Bitcoin's growing mainstream status, volatility concerns remain a barrier, as seen with other tech giants like Microsoft.

6.Strategy to Issue 2.5M “Stride” Preferred Shares for BTC Expansion

Strategy plans to issue 2.5 million Stride (STRD) Series A perpetual preferred shares to fund its BTC strategy. Proceeds will go toward BTC purchases and general operations. Previous offerings included Strike (STRK) and Strife (STRF), with a broader $8.4B capital plan (half equity, half debt) aimed at BTC accumulation. STRK and STRF are convertible preferred shares.

Market Overview

1.BTC Volatility Spikes BTC briefly corrected before bouncing back toward $106,000. Over $181M in liquidations occurred in the past 24 hours, mostly on long positions. Notably, trending IP token $LABUBU led the declines, while older coins like $ZEN and $LQTY posted gains. TON token $X entered the top 10 by trading volume.

2.U.S. Market Reactions Trade-related tensions rattled markets early, but the S&P 500 managed a V-shaped rebound for a strong start to June. The U.S. dollar fell to a nearly 3-year low, gold surged nearly 3%, and crude oil jumped over 5%.

Bitget Daily Digest (June 3) | Trump Demands “Best Offers” by Wednesday, Strategy Increases BTC Holdings for 8 Straight Weeks image 1

3.Bitget BTC/USDT Liquidation Map At the current BTC price of $105,868:

A drop to $103,868 could trigger over $300M in long liquidations.

A rise to $107,868 could liquidate over $543M in shorts.

Shorts are at significantly higher risk—leverage should be used cautiously.

Bitget Daily Digest (June 3) | Trump Demands “Best Offers” by Wednesday, Strategy Increases BTC Holdings for 8 Straight Weeks image 2

4.BTC Spot Flow (24H)

Inflows: $1.8B

Outflows: $1.9B

Net Outflow: $100M

Bitget Daily Digest (June 3) | Trump Demands “Best Offers” by Wednesday, Strategy Increases BTC Holdings for 8 Straight Weeks image 3

5.Leading Contract Net Outflows (24H) Tokens with the highest net outflows: $BTC, $SOL, $XRP, $SUI, $WCT—may present trading opportunities.

Bitget Daily Digest (June 3) | Trump Demands “Best Offers” by Wednesday, Strategy Increases BTC Holdings for 8 Straight Weeks image 4

Institutional Insights

1.QCP Capital: Expects mild short-term market action as institutions like Strategy and MetaPlanet continue doubling down. Original Post

2.CryptoQuant: This cycle may be nearing its end; altcoin rallies could become more intense. Original Post

3.Matrixport: June typically sees flat performance and high volatility for BTC, while October tends to be bullish. Original Post

News Updates

1.Russia's Agricultural Bank explores using crypto for grain exports.

2.Singapore MAS: Unlicensed crypto service providers must cease operations by month-end.

3.Japan’s Economic Revitalization Minister Akazawa to visit the U.S. on Thursday for tariff negotiations.

4.Bank of Korea signals a more cautious approach to launching a won-backed stablecoin.

5.Russia’s Sberbank launches Bitcoin-linked structured bonds.

Project Updates

1.FLock.io invited to the UK House of Lords crypto leaders' dinner.

2.Swarms to release version 7.8.0 with upgrades to MCP support, core performance, and dev tools.

3.Loudio: Top 100 creators earn an average of $160 per tweet.

4.ZachXBT: Taiwanese exchange BitoPro may have lost $11.5M in a May 8 hack.

5.Vitalik: Ethereum aims to scale L1 by 10x within a year, then pause for stability.

6.USD1: On-chain volume now exceeds CEXs, with market-making highly concentrated.

7.Litecoin: Launches LitVM L2 with smart contracts and cross-chain liquidity.

8.Cetus plans full recovery and relaunch within a week.

9.Arthur Hayes: James Wynn may be hedging anonymously to qualify for the next Hyperliquid airdrop.

10.Tether launches cross-chain gold stablecoin XAUt0 on the TON network.

X Highlights

1. BroLeon (Australia): $B's Role in USD1 Race Cemented

WLFI and BNB Chain launch a 30-day USD1 app contest with up to $1M in rewards. $B is named a key partner, ahead of Pancake and Fourmeme. A dual-champion system (old and new projects) aims to boost USD1 liquidity. Despite minimal price action so far, the recognition is significant. Original

2. Phyrex: Calm Before the Storm – BTC Drifts Upward

No new trade statements from Trump, a quiet Fed, and stalled Russia-Ukraine talks lead to a brief “noise-free period.” BTC continues its gentle climb, supported between $93K–$98K. U.S. equities are also trending mildly bullish. Original

3. Bitfool: Debunking the Virtual Token Myth

The promise of massive returns on $Virtual is undermined by high slippage, fees, and restrictive mechanisms. Inflationary point systems and poor-quality new projects worsen the risks. The setup appears to be more of a financial shell game than a sustainable ecosystem. Original

4. BlueFox: South Korea's Crypto Pivot

Support for ETFs and KRW stablecoins signals a shift toward regulatory clarity and infrastructure. The Korean market favors local altcoins, diverging from global trends, making true breakout projects highly competitive. If Korea pushes RWA and stablecoin integration, it could set the stage for trustless financial platforms. Original

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!