Bitget Daily Digest (June 4) Trump Doubles Tariffs Starting June 4 | ETH Co-Founder in Talks with Sovereign Wealth Fund

📌 Key Events Today

1.US May ADP Employment Data to be released today (Previous: 620k).

2.Circle IPO Pricing expected today. Demand reportedly exceeds supply multiple times. BlackRock plans to acquire ~10% of shares; Ark Invest eyes $150M. Circle’s USDC reserves are 90% held in a government money market fund managed by BlackRock.

3. Token Unlocks:

Cetus Protocol (CETUS): 8.33M CETUS unlocked (1.15% of supply), ~$1.1M

IOTA (IOTA): 8.63M unlocked (0.23%), ~$1.6M

EigenLayer (EIGEN): 1.29M unlocked (0.42%), ~$1.7M

🌍 Macro Hot Topics

1.Trump Doubles Steel Aluminum Tariffs starting June 4. The White House stated this is a national security measure. Tariffs raised from 25% to 50%.

2.Democrats Accuse SEC of Withholding Key Info on the CLARITY Act, alleging political bias favoring Republicans on crypto regulation drafts.

3.Trump Family Denies Involvement in $TRUMP Wallet, despite Magic Eden claiming official branding. Eric Trump warned against unauthorized use of the family name.

4.Pump.fun Eyes $1B Token Sale, $4B Valuation, per Blockworks. The Solana meme coin platform has generated 11M tokens and $700M+ in revenue since launch. AMM and mobile app already live.

5.Joe Lubin (Consensys): Engaged with a sovereign wealth fund from a “major nation” to build Ethereum-based infrastructure. He foresees Ethereum entering a “decentralized supercycle” and becoming the foundation of global finance. Vitalik Buterin: Ethereum scalability expected to improve 10x in the next year.

📊 Market Overview

1.BTC: Volatility Rises, liquidation >$173M (mostly longs); $ME surges on Trump wallet narrative, $MAX and $ANLOG pump; $LABUBU leads decline.

2.US Equities: Dow extends winning streak; Nvidia up ~3%, reclaims top market cap. Gold down >1%, oil up 2%.

3.Bitget Liquidation Map:

At current $105,423:

Drop to $103,423 → >$700M long liquidations

Rise to $107,423 → ~$500M short liquidations

⚠️ Long risk outweighs shorts – caution on leverage.

4.BTC Spot Flows (24h):

Inflows: $1.8B

Outflows: $1.7B

Net Inflow: $100M

5.Top Derivative Outflows (24h): $ETH, $SOL, $BTC, $PEPE, $DOGE – may signal opportunities.

🧠 Institutional Insights

1.K33: Tariffs + budget bill = turbulent June for crypto Read

2.Standard Chartered: Corporate BTC buying adds short-term demand but poses long-term selloff risk Read

3.10x Research: Unlock cycles + lack of new narratives = altcoin stagnation Post

4.Matrixport: Altcoin hype fades, BTC remains capital’s top choice Post

📰 Industry Updates

1.Trump’s Truth Social files for a Bitcoin ETF.

2.21Shares lists Hedera ETP on Euronext Amsterdam.

3.Solana Foundation signs MOU with Dubai’s VARA for strategic collaboration.

4.Sky offers 17.48% APY with stablecoin staking incentives.

5.Believe to roll out new security protocols in 48 hours.

6.Sonic Airdrop Incoming: 190.5M S tokens to be distributed this month; first phase unlocks 25%.

7.SEC Seeks Public Comment on WisdomTree Bitcoin ETF rule change.

8.Shadow Exchange enters DeFiLlama’s top-10 revenue earners.

9.$TRUMP Wallet Confusion continues amid official-unofficial branding conflict.

10.Time.fun launches Season 1 point campaign and has completed first airdrop.

🔥 X Highlights

1. Meta Bape: $AIXBT Arbitrage Meta and Virtuals Enter “Weight Game” Heavy volume arbitrage in Virtuals ecosystem hits cap limits; point farming strategies face diminishing returns. Watch for migration to new tokens like Variational, Lighter. Post

2. BTCdayu: Circle IPO Narrative – $MKR, $ONDO in Spotlight, but $ENA Poised for Surprise Move USDC IPO could lift RWA-linked tokens. $ENA stands out with strong support and breakout volume. Post

3. Lang: How to Earn 10% APY on $10M in Crypto – Real-World Allocation Strategy Spread funds across CEX utilities, dual investments, and DeFi savings for optimal low-risk returns. Post

4. Crypto Painter: BTC/NQ1! Ratio as a Signal of Internal Market Sentiment BTC/Nasdaq Futures ratio weakens = caution. May show lack of internal conviction during BTC rebounds. Post

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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