Odaily Planet Daily reports that Bitcoin critic Peter Schiff, in an article published on the X platform, stated that the current Bitcoin market is overly optimistic and is still far from a true bottom. If Bitcoin falls below the $50,000 mark, the price could quickly drop further to below $20,000, shaking the confidence of long-term holders and triggering a larger sell-off. Schiff also stated that the market needs to pay attention to whether a Bitcoin decline could be a harbinger of a broader correction in risk assets. If the Bitcoin decline is limited to the crypto market, it may be due to industry-specific factors; however, if it simultaneously affects risk assets such as stocks, it could indicate a deeper accumulation of macroeconomic risks. In this scenario, investors may turn back to gold, cash, and other traditional safe-haven assets.

According to an official announcement, on June 3rd, Trust Wallet, in partnership with BNB Chain and CoinMarketCap, officially launched the "BNB Hack: AI Trading Agents" hackathon, with a total prize pool of $36,000. Trust Wallet Agent Kit serves as the core on-chain execution technology stack for this competition. This hackathon also marks the first time Trust Wallet Agent Kit has been fully integrated into a top-tier AI Agent hackathon competition system as a core infrastructure component. The hackathon features two tracks: "Autonomous Trading Agent" (prize pool $24,000, 5 winners) and "Strategy Skills" (prize pool $6,000, 3 winners), plus three partner-specific awards of $2,000 each. In the "Autonomous Trading Agent" track, participants must utilize the Trust Wallet Agent Kit to achieve local self-custodial signing, autonomous operation, and on-chain transaction execution, implementing these solutions in native BNB Chain scenarios such as PancakeSwap and BSC perpetual contracts. The "Strategy Skills" track requires no execution layer; participants build backtestable strategy solutions based on 12 data tools from CoinMarketCap MCP, including market data, technical indicators, on-chain data, sentiment, and news. Track 1 uses live trading PnL as the core evaluation criterion, setting a maximum drawdown limit as a risk control threshold. Track 2 is judged by a panel of judges based on four dimensions: technical execution, originality, practical value, and presentation. The build window is from June 3rd to June 21st, and the trading window is from June 22nd to 28th. Winners will be announced in the week of July 6th. In addition to cash prizes, winning teams will receive CoinMarketCap Pro API subscription points, CMC Labs mentorship, and a BNB Chain Kickstart ecosystem support package.

Odaily reports that Alphabet (GOOG.O) has recently been processing over 3 trillion tokens daily. (Jinshi)

In the past hour, total liquidations across the network reached $11.26 million, with $6.34 million from long positions, with $4.92 million from short positions. BTC liquidation $1.28 million, ETH liquidation $975,917.48.

According to Gate.com data, spot gold and silver prices declined in the short term. Spot gold fell $20 to $4434.72 per ounce. Spot silver fell 2.00% to $73.62 per ounce. New York silver futures fell below $74 per ounce, down 2.09% on the day.