According to the Mars Finance news, based on the <gate.io> announcement, the WCTC S7 World Cryptocurrency Trading Championship has entered its final 24-hour sprint stage and will officially end on June 8 at 08:00 (UTC+8). Currently, the number of participants has exceeded 110,000. This championship includes team competitions, individual competitions, and random red packet distributions, with a total prize pool of $5 million. The team competition champion will also receive a Ford Mustang <GT> sports car as a special prize.

<Huoxing Finance News>, Eric Trump announces that TRUMP coin has reached a cooperation with World Liberty Financial. World Liberty plans to acquire a large amount of TRUMP coin for the long term. (Cointelegraph)

On June 7, the DeFi protocol ALEX based on Stacks announced that it was attacked due to a vulnerability in the listing verification logic, with attackers extracting funds from multiple asset pools, resulting in a total loss of approximately $8.37 million. Specific losses are as follows: STX loss of 8.4 million STX (approximately $5.69 million), sBTC loss of 21.85 sBTC (approximately $2.24 million), USDC/USDT loss of 149,850 (approximately $14,980), and WBTC/BTC loss of 2.80 WBTC (approximately $287,400). The ALEX Lab Foundation will use its treasury to fully compensate the losses of each affected user, with compensation to be paid in USDC. Compensation calculation will be based on the average on-chain exchange rate between 18:00 and 22:00 on June 6, 2025. Affected wallet addresses will receive private notifications before 7:59 on June 9, 2025, including a claim form. The claim form must be submitted before 7:59 UTC on June 11, 2025, confirming the receiving wallet address. After confirmation, the compensated USDC will be sent within 7 working days.

On this day in 2018, the Shandong police solved a case of using Trojan horses for mining, involving over 80,000 computers and illegally obtaining 15 million yuan in profits.

According to Foresight News, Slowmist founder Yu Xin recalled the private key leak of ALEX Protocol last year on May 25th that led to a million-dollar loss. This time, the initial assessment suggests that the theft occurred due to a lack of compatibility verification for failed transactions in the ALEX self-listing logic, which was maliciously exploited to transfer funds from the liquidity pool, resulting in a loss of over $8 million.

<Foresight News> report, Seraph announces the official launch of a new core gameplay "Mercenary System" in the upcoming S3 season, and will open a limited auction of 5000 Mercenary Non-Fungible Tokens on June 9 at 14:00, bringing players a brand new battle and revenue experience. The Mercenary System contains two core gameplays: Mercenary Dungeon and Mercenary Dispatch Missions. The Mercenary Dungeon adopts a semi-auto chess mechanism, where players can match and upgrade Mercenary lineups, challenge dungeons and time-limited Bosses, and win equipment boxes and Fire Feathers as rare rewards. Among these, Fire Feathers can be exchanged for SERAPH and are an important output source for S3 season SERAPH. The Mercenary Dispatch gameplay allows players to explore missions and obtain Blood Diamonds, which can not only upgrade Mercenary star levels but also serve as dungeon entry tickets, forming an economic closed loop. Mercenary Non-Fungible Tokens are currently only produced through this auction, using a public bidding mechanism, with a starting price of 20 USDT + 10 SERAPH tokens. The first 5000 successful bidders will obtain unique Mercenary Non-Fungible Tokens. The auction will last until June 11 at 14:00, spanning two days. Based on the existing Dark Thunder dungeon, the Mercenary System as a new gameplay will further expand Seraph's strategic dimension and economic model, providing players with more diverse participation methods.

On June 7th, <Hyperliquid>'s perpetual contract monthly trading volume reached a historical high, with May's perpetual contract trading volume exceeding $248 billion, representing a quarter-on-quarter increase of 51.5%. In comparison, <Hyperliquid>'s perpetual contract trading volume in May 2024 was only $26.3 billion, a year-on-year growth of 843%. Additionally, the ratio of <Hyperliquid>'s monthly contract trading volume to the centralized exchange <Binance> rose to a historical high of 10.54%, surpassing the previous historical peak of 9.76% in April.

On June 7, according to two sources familiar with the matter, Pump.fun is seeking to raise $1 billion through an initial token offering and is considering sharing protocol revenue with potential token holders. It is currently unclear how much of the potential protocol revenue will be allocated to token holders, and it is uncertain whether this will include earnings from the decentralized trading platform PumpSwap launched earlier this year. Pump.fun did not respond to multiple requests for comment. Sources revealed: "Some details may be adjusted, but the core concept is to link token buybacks with a portion of platform revenue, with plans to unlock tokens for investors participating in private/public sales during the Token Generation Event (TGE)." Sources indicated that the PUMP token for public and private investors is expected to be fully unlocked at the TGE. While additional issuance is possible, the total supply is capped at 1 trillion tokens. Reports suggest a private sale price of $0.004 per token, with public sales to launch within two weeks, partially through exchanges like Binance and accompanied by airdrops. Estimates show 25% of the token supply is allocated for public sales, with 10% reserved for airdrops.

On June 7, the CIO of digital asset investment company Arca, Jeff Dorman, posted on social media that in the spirit of transparency, Arca has sold its <Circle>（CRCL）shares, with specific sale details yet to be disclosed. Previously, Arca, a long-term partner of <Circle>, only obtained a $135,000 allocation in Circle's IPO, far below its $10 million subscription application. Arca CIO Jeff Dorman publicly stated that Circle "prioritizes traditional financial institutions" and shows "no respect" for crypto-native institutions, and announced the closure of his Circle account, switching to alternative stablecoins like USDT. Jeff Dorman had previously stated that the core principle of cryptocurrency is to give back to users, not just benefit passive shareholders. He strongly demanded that the allocation be given to crypto funds that have been using USDC and Circle for nearly a decade, rather than to traditional financial funds that may not have even read the prospectus.

According to Mars Finance, on June 7, Farside Investors monitored that Fidelity FBTC had a net inflow of $22.8 million yesterday, while FETH had a net inflow/outflow of 0.

Mars Finance reported that according to Lookonchain monitoring, WLFI advisor Ogle (@cryptogle) has closed his short position on TRUMP, incurring a loss of $188,000. Then, approximately 5 hours ago, he went long on TRUMP with a liquidation price of $8.

On June 7, according to Lookonchain monitoring, within the past 20 hours, a total of 6 wallet addresses have deposited 95.36 million <ENA> tokens into Binance, valued at approximately $28.4 million, with all these tokens received from the <Ethena Proxy> wallet.

According to Bloomberg, Mars Finance reports that the U.S. Supreme Court ruled on June 7, 2025, allowing the <DOGE> to access the Social Security Administration's sensitive personal information database. This decision overturned the previous restrictions set by U.S. District Judge Ellen Lipton Hollander to protect the privacy of millions of Americans. The Supreme Court supported the Trump administration's request, enabling the <DOGE> office, once led by Elon Musk, to fully access personal identification information in the Social Security Administration database during the case's appeal period.

On June 7, according to HT data, MASK started a unilateral downward trend around 0:00 early morning, dropping to its lowest point of $1.735 at 2:35, with a decline of 52.85%, currently priced at $1.87. According to Coinglass data, MASK liquidations across the network in the past 12 hours totaled $9.35 million, with long positions liquidated at $5.04 million and short positions liquidated at $4.30 million.

1. Trump: Will hold a meeting with the Chinese side in London on June 9; 2. Trump: Does not want to talk to Musk for a while, wishes him well. Musk's father: The dispute between Musk and Trump will subside within days; 3. <Circle> stock price breaks through $118, opening with over 42% increase; 4. Apple, X, Airbnb, and Google are in early talks with crypto companies to explore stablecoin integration; 5. MASK crashes, dropping from a high of 3.7 to 1.87, a decline of nearly 50%. The token recently surged over 300% from 0.92; 6. WLFI advisor Ogle has flipped from short to long on TRUMP, with short position losses of $188,000; 7. Eric Trump: TRUMP token has reached a cooperation with WLFI, with WLFI set to hold a large amount in its long-term treasury; 8. Crypto trading platform <Gemini> secretly applies for IPO in the US, becoming a trend for Crypto to list in the US; 9. X will partner with Polymarket as an official prediction market partner; 10. Sources: Pumpfun plans to distribute protocol revenue to PUMP token holders; 11. Yesterday's hot #MEME: BC (market cap 5.8M), AP (market cap 5.7).

On June 7th, according to Lookonchain monitoring, a whale address starting with 0x3610 deposited 3.26 million MASK tokens into Binance (approximately $6.1 million) that were purchased a month ago, generating a profit of around $2 million within 5 hours.

On June 7, Mars Finance reported that the U.S. House Financial Services Committee, driven by Democrats, held a "Minority Day" hearing to conduct supplementary review of the <Clarity Act>. Several Democratic lawmakers once again questioned whether former President Trump's involvement in the cryptocurrency field might constitute a conflict of interest. Representative Maxine Waters stated that the bill could be used by Trump for personal gain and pointed out his multiple cryptocurrency investment involvements during his presidency. Meanwhile, legal experts expressed concerns about the regulatory exemption clauses, potential loopholes, and cybersecurity risks in the bill. The Republican side emphasized that the U.S. currently lacks a federal regulatory framework for non-securities digital assets, believing the bill will help fill regulatory gaps. The bill is expected to enter the voting process next week. (<CoinDesk>)

<Mars Finance> news, according to Jinshi report, Musalem of the Federal Reserve stated that the possibility of sustained inflation outbreak caused by the trade war is 50%. Tariffs may push up inflation within "one or two quarters".

According to Mars Finance and CoinTelegraph, the Netflix reality show "The House of Streams" will invite Twitch streamers to compete for a prize of 1 BTC (currently worth over $104,000). The program's website previously issued a statement in May, warning against fraudulent cryptocurrency schemes using the show's brand, and explicitly stated support for Bitcoin, not supporting any other meme coins.

On June 7, local time June 6, U.S. President Trump stated during a press interview that the appointment of the next Federal Reserve chairman will be announced soon, and he has a fairly clear understanding of the candidate. He added that a good Federal Reserve chairman would lower interest rates. Additionally, when asked if he would consider cutting government contracts held by Musk, Trump said he would consider everything. He stated that he has no plans to talk to Musk, but hopes he will be successful at Tesla. (<金十>)