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BlockBeats News, June 2nd, According to Iranian media reports on the 2nd, the Strait of Hormuz ship passage permit application system has been fully opened, and global ship owners and captains can submit passage applications at any time 24/7. According to the report, ship operators can submit their Strait of Hormuz transit applications through the electronic system established by the management agency. Once approved, the vessels will receive a passage permit.

On June 2, Fed's Harker stated that given the many uncertainties in the economic outlook, maintaining the current interest rates is reasonable, but officials may need to act quickly to address the rising inflation issue. Harker expressed greater concern about inflation, which has exceeded the Fed's 2% target level for over five years, while she is less worried about the strong performance of the labor market. She noted that the Fed's benchmark interest rate 'may not be restrictive,' and she has not heard complaints from business owners that high rates are hindering their investments. Price pressures are 'broadly distributed,' affecting both goods and non-housing services.

On June 2, Glassnode reported that the price of Bitcoin has currently fallen to $69,500, with long-term holders experiencing a relative unrealized loss of 15.5%. This means that for every $1 of Bitcoin held, long-term holders are currently facing an average unrealized loss of about $0.155 (15.5 cents). Historically, during the extreme bottom phases of market cycles, this metric has exceeded 50%, indicating that for every $1 of holdings, there was more than $0.5 of unrealized loss. Data shows that there is indeed some pressure in the current market, but the level of pain experienced by long-term holders is still far from the levels typically associated with cyclical bottoms in history. In other words, based on the losses of long-term holders, the market has not yet shown the widespread and deep 'capitulation selling' signs seen at the bottoms of past bear markets.