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The S&P 500 steadied after a 1.5% weekly gain, with markets eyeing U.S.-China trade talks and key inflation data ahead. Gold steadies near $3,310 as strong US jobs data lifts the dollar, while US-China trade talks may support safe-haven demand. CoinDesk Indices, which track the broader crypto market, rose 0.42% in the past 24 hours, while Bitcoin and Ether dropping 0.29% and 0.98%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is LA, up 8.7% after the Lagrange token debuted on Bybit with a 2.5M prize pool incentive.
Lagrange (LA), founded in May 2023, is a blockchain infrastructure project introducing the first infinite proving layer, powered by a decentralized ZK Prover Network and a hyper-parallel ZK Coprocessor. Its native token, $LA, supports proving operations, transaction fees, and staking, with a total supply of 1 billion and a 4% annual emission rate. LA is now officially listed on Bybit Spot, with a 2.5 million $LA prize pool available for traders and depositors in celebration of the launch.
Polymarket has become the official prediction market of Elon Musk’s X, launching a new real-time tool that combines data from X posts, Polymarket event contracts, and xAI’s chatbot Grok to explain market movements. This marks the first of several planned integrations aimed at offering contextual, data-driven insights to users. The partnership highlights the growing fusion of traditional tech platforms with blockchain and crypto technologies.
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
02 June 2025 | (16.5) | (251.0) | (267.5) |
03 June 2025 | 0.0 | 375.1 | 375.1 |
04 June 2025 | 0.0 | 87.0 | 87.0 |
05 June 2025 | (24.1) | (254.3) | (278.4) |
06 June 2025 | 0.0 | (47.8) | (47.8) |
Total (weekly) | (40.6) | (91.0) | (131.6) |
Current Total (from inception): | (23,254) | 67,477 | 44,223 |
BTC spot ETFs saw a net outflow of $131.6 million for the week ending June 6, 2025, driven by sizable redemptions on Monday and Thursday despite strong mid-week inflows. GBTC accounted for $40.6 million in outflows, while non-GBTC ETFs saw $91.0 million withdrawn. Since inception, total net inflows remain strong at $44.2 billion.
A new high-reward opportunity has launched for farming Optimism XP: a weETH pool on Unichain now offers a 6x–8x multiplier, replacing the previous 0.25x rate on Optimism. To take advantage, users should withdraw their existing weETH/WETH position from Velodrome, convert all WETH to weETH, bridge their weETH to Unichain via Stargate, and supply it on Euler. The process is flexible, allowing withdrawals at any time. This update presents a significant boost for those farming XP, so acting quickly is advised while the high multiplier lasts.