In the past hour, total liquidations across the network reached $13.01 million, with $8.22 million from long positions, with $4.79 million from short positions. BTC liquidation $1.76 million, ETH liquidation $2.97 million.

According to Axios, Trump could have reached a preliminary agreement with Iran by the end of May if he had accepted the terms his negotiating team agreed to last month. However, after a White House Situation Room meeting on May 29, Trump decided to make two additional demands to Iran: Iran must begin diluting its enriched uranium stockpile within 60 days; and Iran must promise not to charge any passage fees to ships passing through the Strait of Hormuz. In exchange, Trump was willing to accept that the enriched uranium be diluted in Iran under the supervision of the International Atomic Energy Agency (IAEA). Sources and US officials revealed that Iranian Foreign Minister Araqchi told the mediators and the US that he needed four to five days for a response, but this ultimately turned into a nearly two-week wait. During this period, Trump became increasingly frustrated by media reports that his promised agreement was not being fulfilled, some even with a mocking tone. Meanwhile, hardliners in the US criticized him for being too soft on Iran. Worse still, Iran, both publicly and privately, expressed a desire to first have some of its frozen assets unfrozen, while Trump insisted that the obligations under the agreement must be fulfilled first. (Golden Ten)

Odaily Planet Daily reported on the 10th that US President Trump claimed the US military had "secretly" helped more than 200 merchant ships pass through the Strait of Hormuz. Trump posted on social media that he ordered a secret mission last month to support oil tankers and other merchant ships transiting the Strait of Hormuz. He stated that this operation has facilitated "more than 100 million barrels of oil passing through the strait and entering the open market, and more than 200 merchant ships passing safely through the strait." He also claimed that the Strait of Hormuz is controlled "by the United States, not Iran." The US military launched "Operation Freedom" in early May to seek to facilitate the passage of ships stranded in the Strait of Hormuz, but Trump quickly announced its suspension. According to US media reports, the operation, which was not coordinated with Gulf allies beforehand, angered Saudi Arabia, which refused to allow US troops to use Saudi bases and airspace. Trump subsequently repeatedly claimed that "Operation Freedom" might be reinstated. The New York Times, citing anonymous US officials on May 31, reported that the US military had "quietly" guided approximately 70 merchant ships through the Strait of Hormuz over the past three weeks. (Jin Shi)

According to Odaily Planet Daily, analysts believe that SpaceX's upcoming IPO could become a new source of short-term pressure on the Bitcoin and crypto markets. Since the company is reportedly opening up to 30% of its IPO to retail investors, some investors may sell high-risk assets such as Bitcoin and Ethereum to free up funds for this highly anticipated offering. SpaceX plans to issue shares at $135 per share, aiming to raise $75 billion, valuing the company at approximately $1.77 trillion. A GSR trading head stated that crypto assets may become one source of IPO funds for some investors. Recent opinions suggest that SpaceX, along with potential future IPOs like OpenAI and Anthropic, could cause funds to flow out of the crypto market, putting pressure on Bitcoin and Ethereum prices. However, SpaceX's listing could also conversely boost on-chain trading activity. Currently, platforms such as Hyperliquid and Binance offer SpaceX-related perpetual contracts and tokenized stock products, and the trading activity of these assets may further increase with the IPO.

MyToken data monitoring shows that on 【June 11th, 03:27】 (Beijing Time), an address starting with 【0x1c3b】 transferred 【100000000 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【97.90 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/