Bitget UEX Daily House of the United States limited Tromple to Iran; Bitcoin to $63,000 deep; and the AI chip supply crisis highlighted (04.06.2026)

I. Hot spots

Federal Reserve Developments The Fed Brown Book and official statements highlight the policy balance challenge

• The Brown Book shows a slight to moderate economic growth in 10 of the 12 jurisdictions, energy costs being the main cause of inflation and spilling over to multiple areas, consumer confidence is weak and the job market maintains a low recruitment and lay-offs pattern。
• The Chairman of the Federal Reserve in New York, Williams, stressed that the current policy position was appropriate, that there was neither an increase nor a reduction in interest rates necessary, and that the increase in energy prices was seen as a one-off effect. The situation in the Middle East, which pushes up energy prices and adds to price pressures on services, may slow the pace of Fed easing, support the dollar in the short term and suppress risky assets。

Major international commodities Tensions in the Middle East underpin oil prices and energy costs drive inflation

• Georisk drives up oil prices and the potential re-opening of the Strait of Hormuz is a key variable。
• Trump indicated that an agreement between the United States and Iran might be reached by the end of the week and that signing would commit to the denuclearization of Iran. The increase in energy prices increases the risk of imported inflation while boosting the performance of the energy plate, but may quickly alleviate supply concerns if an agreement is reached。

Macroeconomic policy THE SERVICE PMI IS OVER-ANTICIPATED AND THE PRICE PAY INDEX HAS BEEN HIGH FOR YEARS

• IN MAY, THE ISM SERVICE PMI ROSE TO 54.5 AND WAS MORE THAN EXPECTED, WITH NEW ORDERS AND BUSINESS ACTIVITY INDICATORS IMPROVING。
• Payment prices rose to 71.3, the highest since 2022, reflecting energy and transport cost pressures. Services resilience supports the economy, but high price payments may reinforce the Fed ' s cautious approach to inflation and increase policy uncertainty。

Market revisiting

large commodities & foreign exchange performance

• CashGold: APPROXIMATELY $4435 PER OUNCE, 24H FALLING BY ABOUT 0.7 TO 1.1 PER CENT。
• Cash and silver: ABOUT $73.1 PER OUNCE, 24H DOWN BY ABOUT 1.25 PER CENT。
• WTI CRUDE OIL-0.98 per cent, approximately $95.4 per barrel。
• Brent crude oil: -1.18 per cent, approximately $97.1 per barrel。
• United States dollar index:-0.08 per cent, approximately 99.45 per cent, benefiting from risk-averse and inflation data。

Encryption Currency Performance

• BTC: 5.6 per cent for $63,100。
• ETH- 4.5 per cent, USD 1,780。
• Total market value of encrypted currencyBetween $3.7 and $2.3 trillion。
• Market warehouse situation: 24H TOTAL BLAST WAREHOUSE $1.16 BILLION, MULTI-SINGLE EXPLOSION WAREHOUSE $991 MILLION。
• NET INCOMING/OUTWARD SPOT ETF: BTC SPOT ETF NET OUTFLOW OF $519 MILLION ON 2 JUNE。
• BTC SPOT INFLOW/EXIT: $158 million net outflows yesterday

The continued withdrawal of institutional funds has broken the pre-existing dominant buyout support in Bullville. In the meantimeMicroStrategyFOR THE FIRST TIME IN NEARLY FOUR YEARS, 32 BTCS WERE SOLD ON A SMALL SCALE, WHICH, ALTHOUGH VERY SMALL, TRIGGERED A PANIC READING OF “FAITH-SELLERS”, FURTHER EXACERBATING THE PRESSURE. THE HIGH-LEVERAGE MULTIPLE SINGLE-STRING CRATERS FORM POSITIVE FEEDBACK AND MAGNIFY THE DROP. AT THE MACRO LEVEL, GEOPOLITICAL TENSIONS, INFLATIONARY VISCOSITY AND UNCERTAINTY ABOUT THE FEDERAL RESERVE'S INTEREST RATE REDUCTION EXPECTATIONS INCREASE RISK AVERSION, AND FUNDS FLOW OUT OF RISKY ASSETS. THE WHOLE IS IN THE CYCLICAL ADJUSTMENT PHASE AFTER THE HIGH POINT IN 2025, WITH MULTIPLE FACTORS RESONATING LEADING TO THE CURRENT ADJUSTMENT. MARKETS ARE NOW ENTERING DEEPER RETRENCHMENTS, AND SHORT-TERM TRENDS STILL REQUIRE ATTENTION TO ETF OUTFLOWS AND MACRO-RISK CHANGES。

United States equity index performance

• Finger• Declining by about 1.2 per cent, reporting 50,687 points, with the return of profits。
• Pistol 500• Decline of about 0.7 per cent, reporting around 7,554 points, from high places。
• Nut fingerThe decline was about 0.9 per cent and the scientific and technological unit was largely profitable。

Technology giant dynamics

• MicrosoftDECLINE OF 3.17 PER CENT, REPORTING APPROXIMATELY $427.55, AND RELATED AI CONCERNS。
• Google- A-A: Down by 0.79 per cent, reporting approximately $355.68。
• Amazon2.53 per cent drop and approximately $250.09。
• Young Wai DaDeclining 3.62 per cent, reporting an estimated $214.75, and the stress on the availability of chips。
• AppleDecline 1.57 per cent and report approximately $310.26。
• TeslaDecline of 0.01 per cent and reporting of approximately $423.70。
• MetaThe increase of 4.24 per cent, estimated at $622.98, is relatively strong. Overall, the situation in the Middle East, inflationary concerns and profit returns have led to a reversal of the concept of storage。

Plank Instant Observation Storage Concept UnitOver 5%

• On behalf of the Unit: ModiSandiskOver 6 per cent and for the first time over $1,800, data for the west (in United States dollars)Western DigitalOver 5 per cent, Melville technology over 3 per cent and American light technology over 1 per cent。
• DRIVERS: THE NINE MAJOR INDUSTRY ASSOCIATIONS IN THE UNITED STATES SENT A JOINT LETTER TO THE GOVERNMENT WARNING THAT THE EXPANSION OF THE AI DATA CENTRE HAS LED TO A SEVERE SHORTAGE OF MEMORY CHIPS, UNPRECEDENTED PRICE SPIKES FOR CHIPS AND THE COMPRESSION OF THE MANUFACTURING AND CONSUMER SUPPLY CHAINS; MARKET CONCERNS ABOUT SHORT-TERM CONSUMER PRICES, STIMULATING CAPITAL INFLOWS TO STORAGE BLOCKS TO COUNTER THE RISKS OF FLASHING AI INFRASTRUCTURE BOTTLENECKS. IT IS CLEARLY DIVIDED FROM THE OVERALL SCIENCE AND TECHNOLOGY UNIT, REFLECTING INVESTOR PREFERENCES FOR CERTAINTY OF LONG-TERM DEMAND FOR AI。

III. In-depth interpretation of United States shares

SpaceX - IPO Push Summary of eventsSpaceX prepares an IPO release price of $135 and plans to be officially listed on 12 June. Many rounds of financing had previously been completed, valuations were high, and the chain business continued to expand, with revenues of $18.7 billion in 2025 still recording losses, mainly due to increased research and development in Starship and AI computing inputs. The company plans to raise approximately $75-80 billion through this IPO for expansionStarlinkNETWORKING AND AI INFRASTRUCTURE DEVELOPMENT。Market interpretation• Many investment banks value their monopoly position and long-term growth potential in the field of space and satellite communications, but high valuations (potentially over $1.75 trillion) and implementation risks, Musk-held equity structures trigger some institutional caution。Investment revelation: The significant increase in liquidity after listing is expected to attract broad institutional attention, suggesting that investors focus on their technological barriers and the commercialization of Starlink rather than on short-term valuation fluctuations。

2. Energy and Defence-related Unit -- Impact of the Middle East Situation Summary of incidents:By 215-208 votes, the United States House of Representatives adopted a resolution restricting Trump ' s use of force against Iran, which indicated that the US-Iraq agreement might be reached this weekend and that signing the Strait of Hormuz would be reopened immediately. Markets assess the potential impact of geo-risk on energy supply chains, and oil prices remain volatile. Market interpretation: Analysts believe that short-term oil price fluctuations will directly benefit the energy and defence units (e.g.XOMI don't knowCVXI don't knowLMTI don't knowRTXHowever, rapid progress on the agreement could reverse the tablets, and attention needed to be paid to Trump ' s bottom line approach to the ceasefire agreement and subsequent sanctions adjustments. The investment revelation that defensive silos can be properly configured for geo-silver uncertainty, and that geo-scaling the back plate sustainability will be tested, suggests that attention be given to high-scoring red energy giants and well-ordered defence enterprises。

Sandisk (Mondy) - AI storage demand outbreak Summary of events: As a key player in the field of chip storage, Sandisk stock prices have recently increased strongly, affected by a severe shortage of memory chips from the United States industry group warning AI data centre. The company, acting as the NAND flashback, benefited from the AI infrastructure capacity bottlenecks, and the high price of chips led to expected improvements in performance。Market interpretation: The agency generally raised the target price to the point that the current global NAND capacity is largely sold out, that AI-driven demand will support a high pricing environment and that Sandisk ' s position in the supply chain is clear。Investment revelation: A SHORTAGE OF AI MEMORY IS DIFFICULT TO ALLEVIATE IN THE SHORT TERM, AND THE UNIT PROVIDES A DECENTRALIZED OPPORTUNITY FOR THE OVERALL RETRENCHMENT OF THE HEDGE TECHNOLOGY UNIT, SUBJECT TO THE PRESSURE OF INCREASED SUPPLY IN THE SECONDARY MARKET。

4. Western Digital - Benefits of Storage Supply Chain Summary of events: Western Digital is closely associated with Sandisk, and stock prices are increasing in parallel against the surge in AI storage demand. Companies actively participate in calls to expand the capacity of the United States and its allies, benefiting from the potential support of the Chip Act。Market interpretation: The Investment Bank believes that the fragmentation of the storage blocks will continue and Western Digital ' s share in the enterprise-level SSD market is expected to expand, but the overall valuation has reflected more optimistic expectations。Investment revelation: FOR THE LONG-TERM CONFIGURATION THAT IS THE SUBJECT OF AI, IT IS PROPOSED TO ADJUST THE POSITION TO TAKE INTO ACCOUNT THE LARGE DISK OF RISK PREFERENCES。

IV. Developments in encryption money projects

1. The recent weakness of bitcoin is not due to the weakening of institutional demand or to the sale of bitcoin by Michael Saylor, but is losing its position as a market-led dynamic trade. It was noted that encrypted investors had traditionally followed the momentum, which was now out of encryption. Funds are flowing to popular narratives such as artificial intelligence-related equities and IPOs, and SpaceX ' s IPOs may be valued at $1.8 trillion, and a group of other IPOs may together raise over $200 billion to extract liquidity from the encrypted market。

Two, TheBlockIT WAS REPORTED THAT THE NUMBER OF MONTHLY TRANSACTIONS FOR ENCRYPTED VENTURE CAPITAL IN MAY HAD DROPPED TO ABOUT 50, THE LOWEST LEVEL SINCE 2021. INFRASTRUCTURE AND ENCRYPTED FINANCIAL SERVICES ARE TWO OF THE MOST ACTIVE CATEGORIES IN HISTORY, APPROACHING THE LOW POINT OF MANY YEARS. INVESTOR ATTENTION HAS SHIFTED STRUCTURALLY TO AI, WHILE THE ENCRYPTION SECTOR HAS FAILED TO GENERATE EARLY OPPORTUNITIES ON A SCALE OF 2021 AND 2024 CYCLES。

3 In a document submitted on Wednesday to the United States SEC by SpaceX under the flag of Mask, it was disclosed that the company planned to set the issue price at $135 per share (in line with the price disclosed by the source) before the official launch of the IPO promotion. According to SpaceX, the company plans to raise $75 billion by issuing 555.6 million shares。

4HyperliquidTHE PRICE OF THE HYPE TOKEN EXCEEDED ON WEDNESDAYSolanaThe latter fell to its lowest level since 2023. HYPE is at an all-time high of $74.67 on Tuesday, and the current transaction price is $74.47, up from $71.62 in Solana. Over the past month, HYPE increased by about 24 per cent, a small number of the top 20 encrypted assets, while Solana fell by nearly 14 per cent over the same period。

According to QCP Capital's latest market report, bitcoin has accumulated a decline of about 11.6 per cent this week and continues to be under pressure. Market sentiment was influenced by Strategy's rare sale of 32 BTC messages, which, although sold on a scale of only about $2.5 million, had little or no real impact on over 840,000 holdouts, undermined long-standing market expectations of Strategy's “never sell money” and undermined some investor confidence。

V. Today ' s market calendar

Institutional perspective: PROMINENT INVESTMENT BANK ANALYSTS ARE GENERALLY OF THE VIEW THAT THE CURRENT MARKET IS IN A SENSITIVE PERIOD WHEN GEO-RISKS INTERSECT WITH MACRODATA. TENSIONS IN THE MIDDLE EAST PUSHED UP ENERGY PRICES, ADDED TO HIGH SERVICE PRICE PAYMENTS INDICES, REINFORCED INFLATIONARY ADHESION AND RAISED THE PROBABILITY THAT THE FED WOULD MAINTAIN A CAUTIOUS STANCE. THE RETURN OF THE U.S. STOCK FROM THE TOP REFLECTS A PROFIT-MAKING AND RISK-AVOIDANCE MOOD, THE SEPARATION OF THE TECHNOLOGY UNITS IS EVIDENT, AND THE CONCEPT OF STORAGE CHIPS BENEFITS FROM AI DEMAND. THE ENCRYPTION MARKET HAS BEEN HAMPERED BY CONTINUED ETF OUTFLOWS AND LEVERAGE CLEARING, WITH INCREASED SHORT-TERM FLUCTUATIONS. OVERALL, IF THE US-IRAQ AGREEMENT IS REACHED, RISK ASSETS ARE EXPECTED TO REBOUND; IN TURN, OIL PRICES AND INFLATIONARY PRESSURES WILL TEST MARKET RESILIENCE. IT IS RECOMMENDED THAT INVESTORS MAINTAIN A FLEXIBLE POSITION AND FOCUS ON SUPPLY CHAIN AND ENERGY BLOCK OPPORTUNITIES, WHILE BEING WARY OF THE IMPACT OF AI FOAMING DISCUSSIONS ON SCIENTIFIC AND TECHNOLOGICAL VALUATION。

DISCLAIMER: THE ABOVE IS COLLATED BY AI, MANUALLY ISSUED ONLY FOR VALIDATION AND IS NOT RECOMMENDED FOR INVESTMENT. FOR UNAVOIDABLE DEVIATIONS IN THE TEXT, PLEASE REFER TO MARKET INSTANTANEOUS DATA。