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According to Binance Futures data, over the past 24 hours, the ETH/USDT, BTC/USDT, SOL/USDT, 1000PEPE/USDT and XRP/USDT trading pairs led the USD-M perpetual futures market in trading volume.ETH/USDT perpetual futures long/short ratio: 1.36, funding rate: 0.0100%.BTC/USDT perpetual futures long/short ratio: 0.62, funding rate: 0.0062%.SOL/USDT perpetual futures long/short ratio: 2.45, funding rate: 0.0054%.1000PEPE/USDT perpetual futures long/short ratio: 2.43, funding rate: 0.0053%.XRP/USDT perpetual futures long/short ratio: 2.60, funding rate: 0.0023%.

Binance Blog published a new article, revealing insights into a recent trend affecting traders' perceptions and behaviors. The article delves into the psychological biases of the gambler’s fallacy and self-attribution bias, which can lead traders to develop an illusion of control over market outcomes. These biases can distort traders' understanding of probabilities and skill, pushing them towards gambling-like behavior that may result in overconfidence and significant losses.The gambler’s fallacy is the belief that a reversal is due after a streak, such as expecting a market bounce after a dip. This mindset is akin to betting on rain after a sunny week, despite each event being independent. In trading, this fallacy can lead to misinterpretation of market signals and risk assessment. Self-attribution bias, on the other hand, causes traders to over-credit their wins to skill while attributing losses to external factors. This bias can inflate a trader's ego, leading to overconfidence and risky decisions. Together, these biases create a false sense of control, encouraging traders to rely on gut feelings rather than sound strategies, potentially resulting in avoidable losses.The article provides a crypto case study to illustrate these biases in action. A trader experiencing quick wins on meme coins may develop a false sense of skill, leading to larger bets and eventual significant losses. The gambler’s fallacy convinces them that a rebound is inevitable, while self-attribution bias shields their ego from acknowledging poor decisions. This cycle of risky behavior and denial can lead to deeper losses and a disconnect from reality. The article emphasizes the importance of recognizing these biases and shifting focus from feeling in control to maintaining a disciplined trading process.To counteract the illusion of control, the article suggests several strategies. Traders should log their reasoning behind trades, not just the outcomes, to distinguish real insights from luck. Implementing a cooldown period before executing trades can help disrupt impulsive decisions. Setting a "confidence budget" limits the number of high-conviction bets, encouraging traders to pause and review their strategies. Additionally, creating a "win quarantine" after a streak can help reset the mental state and prevent reckless follow-ups. These practices aim to build awareness, discipline, and clarity, countering the biases that can lead to overconfidence and losses.In conclusion, the article highlights that when the gambler’s fallacy and self-attribution bias dominate, trading becomes more like gambling. Recognizing these biases and focusing on process over prediction can help traders maintain clarity and rationality. Consistent traders prioritize analysis and adaptation over chasing patterns or attributing luck to skill, ultimately gaining an edge in the market.

According to PANews, Cathie Wood, the founder of Ark Invest, has described Tesla as the largest artificial intelligence project on Earth. Throughout this week, she has been actively purchasing Tesla (TSLA.O) shares.

Key Takeaways:Binance lists DeFi App (HOME) on June 12 at 15:00 UTC.200 million HOME tokens airdropped to users subscribed to BNB Simple Earn from June 6–9.HOME will trade against USDT, USDC, BNB, FDUSD, and TRY.2.72 billion HOME tokens (27.2% of total supply) will be in circulation at listing.June 12, 2025 – Binance has announced the listing of DeFi App (HOME), the 22nd project featured in its HODLer Airdrops program. The HOME token will be available for trading starting 15:00 UTC, with spot trading pairs including USDT, USDC, BNB, FDUSD, and TRY.Users who subscribed BNB to Simple Earn (Flexible or Locked) or On-Chain Yields between June 6 and June 9 (UTC) will receive 200 million HOME tokens via airdrop, distributed to their Spot Wallets at least one hour before trading begins.The total token supply is 10 billion HOME, with an initial circulating supply of 2.72 billion. An additional 100 million HOME will be distributed through future marketing campaigns three months after listing.HOME is deployed on BNB Chain, Base, and Solana, and will carry a Seed Tag on Binance.

According to Foresight News, BlackRock has announced its ambition to become the world's largest crypto asset management company by 2030. The firm aims to manage assets exceeding $50 billion as part of this goal. 

According to BlockBeats, a recent report highlights a significant shift in investment strategies among family offices, with a growing emphasis on private equity and digital assets. The report, released by BNY Wealth, indicates that two-thirds of family offices managing over $1 billion in assets plan to increase their allocation to private equity funds this year, marking a nearly 70% rise from 2024.In contrast, these institutions have reduced their exposure to public stocks, which now account for only about 19% of their investable assets, a 28% decrease from the previous year. This trend reflects a strategic move to diversify portfolios and reduce reliance on traditional stock investments.

According to Foresight News, Tether has acquired a strategic equity stake in Elemental Altus, a publicly listed gold royalty company based in Canada. This move aims to integrate long-term stable assets like gold and Bitcoin into Tether's ecosystem. Tether purchased 78,421,780 common shares of Elemental, representing approximately 31.9% of the company's issued and outstanding shares. The transaction was completed through a private agreement conducted offshore.

According to PANews, Layer1 blockchain company peaq has partnered with Pulsar Group to introduce a dedicated sandbox in the United Arab Emirates. This initiative aims to explore the integration of robotics and artificial intelligence within a decentralized economy. The collaboration has led to the establishment of the 'Machine Economy Free Zone' in Dubai, which combines regulation, infrastructure, and investment to advance decentralized, machine economy-specific use cases.The program is designed to provide a controlled environment for developers, businesses, and government stakeholders to test and develop machine economy applications, including DePIN networks. Max Thake, co-founder of peaq, explained that the free zone will build a 'human-centric economic system' where autonomous robots and smart devices can generate value and earn rewards.Potential applications include community-driven air quality monitoring, hyper-localized weather forecasting, and virtual power plants composed of user devices. The project introduces an innovative 'Universal Basic Ownership' (UBO) mechanism, which aims to distribute a portion of the wealth created by robots to groups affected by automation-induced unemployment through tokenization.

According to PANews, TrumpMeme has officially announced the distribution of commemorative NFTs to users who attended the TRUMP dinner. Participants can view these NFTs in their Solana wallets used during the event. The NFT series is technically supported by Metaplex, with data stored on the Irys platform, a blockchain data developer.

According to the announcement from Binance, the platform has introduced support for the Syrian Pound (SYP) on its Peer-to-Peer (P2P) trading service. This development allows users to trade SYP in exchange for major cryptocurrencies such as Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and Binance Coin (BNB), among others. The addition of SYP expands the range of fiat currencies available on Binance P2P, providing users with more flexibility in their trading activities.On Binance P2P, users have the option to post trade advertisements or engage in direct cryptocurrency transactions using SYP with other users or verified merchants. This feature is designed to facilitate seamless trading experiences for both new and experienced users. Binance P2P offers a variety of payment methods, enhancing the convenience and accessibility of trading for users in different regions. The platform aims to provide a secure and user-friendly environment for cryptocurrency transactions.For those who are experienced in using Binance P2P and have a reliable source of cryptocurrency and SYP, there is an opportunity to join the Global P2P Merchant Program. Participants in this program can benefit from exclusive customer support, verified badges, and access to advanced trading tools. This initiative is part of Binance's efforts to enhance the trading experience and support its growing community of users. The introduction of SYP on Binance P2P reflects the platform's commitment to expanding its services and accommodating a diverse range of users globally.

According to PANews, data from CryptoQuant indicates that the stablecoin market has experienced significant growth, reaching a record market capitalization of $228 billion in 2025. This marks an increase of $33 billion, or 17%, from previous figures. The surge is primarily driven by heightened trading activity, expanded use in payments, and clearer regulatory frameworks under U.S. President Donald Trump's administration.

BNB Hack has revealed the latest list of award-winning projects. The selection process covered submissions from May 25 to June 5, 2025, with over 30 project applications received. AI agent tool marketplace MCPForge was named a Tier 3 winner, receiving a prize of 3,000 USDT, a $50,000 startup support package, and an opportunity for exposure through BNB Chain channels. Additionally, Quest Craft, Akai Space, Expiry Mitra, and NeuroBalance were recognized as Tier 4 potential winners.

According to BlockBeats, Tencent Holdings Ltd. is considering a potential acquisition of South Korean gaming company Nexon. The company has reportedly reached out to the family of Nexon's late founder, Kim Jung-ju, to discuss the possibility of a deal. The Kim family is currently consulting with advisors to evaluate various options.Sources indicate that it remains uncertain how willing NXC, Nexon's parent company, is to sell its stake in Nexon, and there is no guarantee that Tencent's discussions will lead to a transaction. The specific structure of any potential deal has yet to be finalized. Representatives from Tencent have not responded to requests for comment, while Nexon and NXC have declined to comment.Nexon, known for role-playing games such as 'MapleStory,' was founded in 1994 and completed the largest tech IPO in Japan in 2011. Its Tokyo-listed shares have risen over 10% this year, with a market value of approximately $15 billion. Tencent previously attempted to acquire Nexon in 2019 but was unsuccessful. The two companies have collaborated on developing Tencent's revenue-generating game 'Dungeon & Fighter.'

According to PANews, Metalpha Technology Holding Limited (NASDAQ: MATH) has announced that its SFC Type 9 licensed company, LSQ Capital, successfully concluded the two-year investment period of its Next Generation Fund. The fund's net asset value (NAV) surged by 375.5%, significantly outperforming Bitcoin's 67.3% increase during the same period. The fund began trading in late March 2023 and has demonstrated exceptional performance. Metalpha CEO Adrian Wang attributed this success to the team's market insights, risk management, and strategic partnerships.Metalpha has transferred its entire 40% stake in NextGen Digital Venture to its founder, Jason Huang, to strengthen their strategic collaboration as the fund cycle concludes. Jason Huang disclosed that NextGen has launched a second-phase fund, continuing to focus on equity investments related to crypto assets and seizing opportunities in the evolving digital finance sector.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.36T, down by 2.18% over the last 24 hours.Bitcoin (BTC) has been trading between $107,320 and $110,392 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $107,591, down by 1.72%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include ARDR, RVN, and RESOLV, up by 19%, 8%, and 7%, respectively.Top stories of the day:GENIUS Stablecoin Bill Clears Key Senate Vote, Heads to Full Debate Amid Political TensionsAltcoin ETF Surge Expected This Summer, with Solana Likely to Lead: Bloomberg Analyst BlackRock Aims to Lead Global Crypto Asset Management by 2030 Bitcoin's Ledger Technology Surpasses Gold's Historical Role, Analyst Says Brazil Considers Establishing National Bitcoin Reserve U.S. Inflation Expected to Rise Structurally, Fed's June Meeting Anticipated U.S. Considers Extending Tariff Suspension Amid Trade Talks U.S. Customs Revenue Hits Record High in May U.S. Debt Ceiling Deadline Approaches This SummerMarket movers:ETH: $2755.44 (-0.56%)XRP: $2.2471 (-3.02%)BNB: $668.09 (-0.60%)SOL: $159.47 (-3.96%)DOGE: $0.18983 (-5.54%)ADA: $0.6853 (-4.65%)TRX: $0.2746 (-5.93%)WBTC: $107593.67 (-1.70%)TRUMP: $10.42 (-4.49%)SUI: $3.3181 (-5.36%)

According to BlockBeats, the recent introduction of Singapore's DTSP Act has raised concerns among local cryptocurrency users regarding its potential impact. A discussion titled "End of Web3 Paradise? The Real Impact of Singapore's DTSP Act" will be held at 19:00 UTC+8. The event will feature Matrixport's Chief Compliance Officer Christopher Liu, EX.IO CEO Chen Wu, ArkStream Capital's Founding Partner Ye Su, and Herring Global's BD Director Valentina. The panel aims to explore the deep implications of the legislation on the crypto community.

According to Foresight News, billionaire investor Paul Tudor Jones recently stated that Bitcoin, gold, and stocks represent the optimal investment portfolio to combat inflation. His remarks highlight the growing interest in diverse asset classes as a strategy to preserve wealth amid economic uncertainties.

According to BlockBeats, Singapore police have partnered with local cryptocurrency platform StraitsX to conduct an enforcement operation targeting money laundering through cryptocurrency accounts. The operation took place from May 13 to May 30.Authorities reported the seizure of over 200,000 Singapore dollars, with 49 individuals under investigation. The group includes 35 men and 14 women, aged between 18 and 58. Preliminary investigations suggest that these individuals opened and transferred their cryptocurrency accounts or Singpass accounts for rewards ranging from 400 to 3,000 Singapore dollars. They typically communicated with unknown individuals via platforms like Telegram or WhatsApp, providing account screenshots, personal information, and access permissions as instructed. These accounts were subsequently used for laundering proceeds from scams.The police highlighted that collaboration with StraitsX has enhanced their ability to detect suspicious financial activities. Through this partnership, advanced technological solutions were introduced, enabling the successful identification and tracking of multiple suspicious accounts.

According to Odaily, CryptoQuant analyst Axel Adler Jr has revealed a noticeable increase in long position closures and active short trading volume within the past hour. This situation represents a typical 'soft reversal point' following an upward trend. While the funding rate remains positive, the number of open contracts is decreasing, suggesting a potential short-term adjustment or consolidation below $108,000.