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CME 24/7 Crypto Derivatives Sees $50M Opening Weekend The CME Group’s newly launched 24/7 cryptocurrency derivatives market recorded $50 million in trading volume during its opening weekend, signaling strong institutional appetite for round-the-clock crypto exposure. The continuous trading platform, which eliminates the traditional weekend gap that has long characterized crypto futures markets, allows institutions to hedge and trade digital assets without interruption. The initial volume suggests that institutional traders have been waiting for such a product to manage risk more effectively during volatile weekend periods. ...

The S&P 500 index reached an all-time high on June 2, driven by a surge in AI chip stocks led by Nvidia. Despite geopolitical tensions and elevated energy prices from Middle East conflicts, the tech sector’s strength propelled the broader market higher. CNBC live coverage showed Nvidia leading chip stocks significantly higher. Analysts note that massive AI infrastructure spending by tech giants continues to fuel semiconductor demand, keeping investor optimism intact. The rally suggests strong confidence in AI commercialization, though some warn that risk factors including energy costs may be underpriced in the current market. ...

President Trump has appointed Bill Pulte as acting Director of National Intelligence, succeeding Tulsi Gabbard who resigned in late May. The appointment comes amid heightened national security challenges, including faltering Iran ceasefire negotiations and ongoing Middle East tensions. Pulte brings extensive intelligence community experience from senior roles across multiple federal agencies. The Senate Intelligence Committee is expected to hold confirmation hearings to assess his readiness for the role.

Israel continues military operations in southern Lebanon but has refrained from striking Beirut following a ceasefire deal announced by the US. The development comes after President Trump reportedly clashed with Israeli PM Netanyahu over plans to attack the Lebanese capital. Lebanon stated that Hezbollah has agreed to a reciprocal halt of hostilities. However, ongoing Israeli strikes in the south suggest the ceasefire remains fragile. The situation will directly impact broader US-Iran ceasefire negotiations, as a stable Israel-Hezbollah truce could pave the way for a wider Middle East peace agreement. ...

A TD Securities expert report reveals that decentralized trading platform Hyperliquid predicted 80% of oil price movements before traditional Wall Street exchanges opened. Perpetual futures are expanding beyond crypto into pre-IPO tech stocks and weekend oil trading. FalconX data shows institutional investors rotating from range-bound BTC and ETH into Hyperliquid, attracted by massive liquidity and early access to hot markets. The report signals that crypto derivatives are evolving from niche experiments into mainstream price discovery venues with real advantages over traditional exchanges. ...

Decentralized cloud provider Titan Network claims its crowdsourced computing network has signed major tech clients including Tencent and Alibaba, offering up to 75% savings on AI computing costs. The platform aggregates idle computing resources from individual users worldwide, creating a distributed AI computing network similar to crypto mining but specifically for AI training and inference workloads. This comes as AI demand surges and tech giants race to expand data centers, potentially disrupting the traditional cloud computing market dominated by AWS, Google Cloud, and Azure. ...

Wall Street asset manager Franklin Templeton has partnered with crypto infrastructure company MoonPay to integrate its BENJI tokenized fund with MoonPay’s payment network. The partnership allows eligible institutional clients to seamlessly swap stablecoins for yield-generating tokenized funds around the clock, without leaving the blockchain environment. Franklin Templeton described the deal as “the foundation for a broader strategic relationship” between the two companies. This marks another step in traditional finance’s integration with crypto infrastructure. ...

Today’s Top 5 Massive Russian Attack on Ukraine Russia launched missile strikes on multiple Ukrainian cities. Two high-rise buildings in Kyiv were directly hit, killing at least 9 people. Iran Walks Out of Ceasefire Talks Citing Israel’s ongoing strikes on Lebanon, Iran has broken off ceasefire negotiations. Trump said he did “not care” about Iran’s withdrawal. Bitcoin Slides Toward $70,000 Strategy’s BTC sale sent a bearish signal, compounded by Middle East geopolitical risks, pushing BTC toward the $70K mark. Florida Sues OpenAI The state filed a lawsuit against OpenAI and CEO Sam Altman over ChatGPT-linked shootings – the first state-level AI safety lawsuit globally. Trump-Netanyahu Clash Reports of a heated phone exchange where Trump told Netanyahu “you’re crazy,” signaling a crack in US-Israel relations. Key Data BTC: ~$70,000 (24h -3.8%) | ETH: ~$2,000 (-0.3%) Crude Oil: WTI rising on Middle East tensions Gold: Safe-haven demand modestly higher Other Headlines Andrew Left Found Guilty – Prominent short seller convicted in a case that spooked the industry Robinhood Acquires WonderFi – $180M deal completes, entering Canadian crypto market Denmark’s New Government – Frederiksen forms centre-left coalition for third term Colombia Election Runoff – Presidential race heads to second round June Night Sky – Jupiter and Venus converge this week Looking Ahead Middle East escalation: Will Israel intensify Beirut offensive? International response to Ukraine attacks US market reaction to crypto volatility Legal implications of Florida vs OpenAI 📰 HKHouse.com Daily Briefing | Data as of 2026-06-02 Beijing Time 12:49 ...

Prominent investor and short seller Andrew Left was found guilty in a case that has sent shockwaves through the short-selling community. The verdict could have far-reaching implications for the legal risks faced by short sellers in the future.

Colombia’s presidential election heads to a runoff, with reactions ranging from celebration to shock and scepticism across the country. Al Jazeera reports the outcome has sparked nationwide political debate.