Bitget Daily Digest (June 5) Trump Calls for Debt Ceiling Removal | Fed’s Beige Book Flags Inflation & Tariff Concerns

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远山洞见2025/06/05 01:49

By:远山洞见

Bitget Daily Digest (June 5) Trump Calls for Debt Ceiling Removal | Fed’s Beige Book Flags Inflation & Tariff Concerns image 0

📅 Today's Preview

1.US Initial Jobless Claims for the week ending May 31 to be released today; previous: 240K

2.Taiko (TAIKO) to unlock ~81.55M tokens today, ~69.37% of circulating supply, worth ~$46.9M

3.SEC Asset Management Advisory Meeting today, with participation from firms like BlackRock

🌐 Macro & Hot Topics

1.Trump: Remove Debt Ceiling to Avert Economic Disaster Former President Donald Trump posted on social media that he agrees with Democrat Senator Elizabeth Warren: the US should eliminate the debt ceiling to prevent economic catastrophe. He warned against political exploitation of the ceiling, suggesting bipartisan cooperation to address the issue swiftly.

2.Fed Beige Book: Economic Outlook Weakens, Tariffs Mentioned 122 Times The Fed’s latest Beige Book notes a slowdown in economic activity over the past six weeks. Hiring has decelerated, and inflation concerns persist, especially over tariffs—mentioned 122 times in the report. Businesses expect faster cost and price increases ahead.

3.Circle Sets IPO Price at $31, Raises $1.1B at $6.2B Valuation USDC issuer Circle priced its IPO at $31/share, above its $24–26 range, raising $1.1B. The company expanded its offering to over 34M shares due to demand. Circle is set to trade under the ticker CRCL on the NYSE today.

4.K Wave Media to Raise $500M for BTC Treasury Strategy South Korea’s K Wave Media (KWM) plans to raise up to $500M through common stock sales to support a Bitcoin-focused treasury strategy, following a model similar to Japan’s Metaplanet Inc.

5.Ethereum Foundation Releases Long-Term Fiscal Policy The Ethereum Foundation (EF) aims to reduce annual operating expenses to a 5% benchmark over five years. EF will continue supporting decentralization through ETH sales and strategic DeFi allocations, emphasizing sustainability and transparency.

📊 Market Update

1.Volatility Spikes: $BTC fell back after a choppy session; over $217M in liquidations, mostly long positions. New token $LA rebounded post-drop, while $LABUBU led the decline among trending IP coins.

2.US Economic Data Weakens: Dow ends 4-day winning streak. China ADR Index +2%. USD dips; oil down ~2%.

Bitget Daily Digest (June 5) Trump Calls for Debt Ceiling Removal | Fed’s Beige Book Flags Inflation & Tariff Concerns image 1

3.Bitget Liquidation Map: At $104,715 BTC price:

$6.6B long positions face liquidation if BTC drops to $102,715

$5.3B short positions liquidated if BTC rises to $106,715 Caution is advised with leverage.

Bitget Daily Digest (June 5) Trump Calls for Debt Ceiling Removal | Fed’s Beige Book Flags Inflation & Tariff Concerns image 2

4.BTC Spot Flow (24h):

Inflow: $14.8B

Outflow: $15.4B

Net outflow: $600M

Bitget Daily Digest (June 5) Trump Calls for Debt Ceiling Removal | Fed’s Beige Book Flags Inflation & Tariff Concerns image 3

5.Futures Flow (24h):

Net outflows for: $BTC, $ETH, $DOGE, $SOL, $PEPE

Trading opportunities may arise

Bitget Daily Digest (June 5) Trump Calls for Debt Ceiling Removal | Fed’s Beige Book Flags Inflation & Tariff Concerns image 4

🧠 Institutional Insights

Consensys: Ethereum may anchor global finance, surpassing Bitcoin Read

Sygnum Bank: BTC liquidity crunch may trigger new upward volatility Read

Matrixport: South Korean crypto reforms yet to significantly boost local market activity Read

📰 News Roundup

1.SEC Chair: Crypto policy to be set through “notice and comment” procedure

2.Pakistan & US explore digital asset collaboration

3.KWM confirms $500M offering to support BTC treasury

4.US M2 Money Supply hits record $21.86T

5.Blockchain Group seeks €10B capital raise for BTC reserve strategy

🚀 Project Updates

1.Ethereum Foundation unveils fiscal roadmap prioritizing DeFi, sustainability

2.SEC delays decision on Canary spot SUI ETF

3.Safe Wallet hits 43M deployments, 63% smart wallet market share

4.Kaito AI to separate TGE incentives for pre/post participants

5.CUDIS: Airdrop claim opens tonight; 24.75% of supply to circulate post-TGE

6.Data: ~45% of VC-backed crypto projects have ceased operations

7.Towns: Airdrop delayed to summer; second snapshot pending

8.Aerodrome locks additional 1M AERO for ecosystem funding

9.Arbitrum launches $1M Trailblazer 2.0 grant program

10.Time.fun kicks off S1 point airdrop for active traders & creators

🔥 X Highlights

1.TheCryptoSkanda: The Deep Connection Between SOLANA and PUMP

Solana’s return to center stage cannot be discussed without acknowledging Pump.fun as a critical driving force. From inefficient low-liquidity launches to standardized liquidity pipelines, Pump pioneered 0-cost listings, standardized contracts, secure pool locks, and live on-chain trading, effectively building the complete meme coin launch infrastructure for Solana.

Critics calling themselves “Sol Maxis” who attack Pump are, in fact, forgetting their roots—forgetting how Solana transitioned from Bonk to Bome to Pump, gradually redefining itself as the battlefield for on-chain PVP.

When trading bots and data platforms are built around Pump’s paradigm, and Pump accounts for over 60% of new Sol token pools daily—achieving the third-largest DEX status without any funding—its significance for Sol is on par with what the iPhone was to mobile internet.

The true moat isn’t the number of ecosystem projects; it’s liquidity and attention. Pump is not just a launchpad. It’s a funnel for new users, a warehouse for market-making inventory, and a source of JITO staking and on-chain yields. If you genuinely care about Solana’s long-term growth, you should hope for Pump’s success—perhaps even aiming for it to reach the top 50 in market cap. A real Sol Maxi knows who their customers are and who truly supports the chain. 👉 Link

2.Yuyue: Lessons from Sonic’s Pullback – Not Every Leader Survives the Third Wave

The sharp drop in Sonic’s leading DEX reminded me once again of the delayed consequences of liquidity withdrawal—tokens bought at $40–50 are now halved, and the only option is to stake and wait.

This post-trading-contest pullback shows that alt L1 meme rallies are highly dependent on timed buying momentum and narrative support. Once the rhythm breaks, even a “chain leader” can collapse.

The real takeaway? With limited time and attention, focus only on the strongest Alpha sectors. Practice an “attention barbell strategy” and never overweight projects you can’t monitor regularly. Otherwise, in a fast-paced market, missing the exit window is inevitable.

If Sonic can withstand the airdrop sell pressure, it may fundamentally outperform Sui—but only if its leading DEX survives. If it breaks down, it’s not just a project failure, it’s the collapse of the entire chain narrative. 👉 Link

3.Anymose: Sonic Airdrop Isn’t Just “Free Loot” — 200M $S Rewarding Real On-Chain Activity

Sonic officially takes the baton from Fantom with a 200 million $S airdrop to kick off a new chapter. But this is no interaction-farming game—it’s a long-term incentive for real on-chain users.

25% of the airdrop is immediately claimable, while 75% is locked in NFTs and linearly released over 270 days. Early withdrawal triggers a burn mechanism, cutting supply and mitigating sell pressure.

The airdrop follows a “points system” that rewards holders and real DeFi behavior—not idle farming. Weighted assets like scUSD, scETH, and Origin Sonic bring multiplier bonuses.

Technically, Sonic is rebuilding its virtual machine, database, and consensus mechanism from scratch. With TPS exceeding 10,000 and support for account abstraction, low fees, and 90% revenue sharing for developers, its developer and user activity is surging.

This is not a stealth play—it’s a known opportunity. The question is, do you dare to take it? In the end, only long-term believers will win this airdrop and Sonic’s ecosystem growth. 👉 Link

4.Jiang Buting: Early Testing of $AIXBT Points Model—10K Daily Volume Hits Cap, Optimal Range Still Being Explored

Testing reveals that with 100,000 $AIXBT staked, regardless of whether you participate in new token launches, a daily trading volume of $10,000 reaches the @virtuals_io points cap (hard limit).

In comparison, trading $5,000 costs only about $70 in fees, yields fewer points (~23,000), but offers significantly better cost efficiency.

It appears the current model has a linear points increase up to a threshold, after which the rewards plateau. Further testing will focus on the 5K–8K volume range to find the optimal daily activity zone for low-cost, long-term participation. If there are bonus points for participating in new token launches, that remains to be confirmed. 👉 Link

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.

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