The Singapore High Court has rejected the moratorium application filed by Zettai, the parent company of crypto exchange WazirX, which sought to restructure the firm and redistribute funds to users affected by last year’s $234 million hack . Zettai also revealed to the court that in March it had opened a new firm in Panama and rebranded as Zensui. WazirX had secured a four-month conditional moratorium from the Singapore High Court in September 2024. In a statement, WazirX revealed to users that they plan to appeal the decision of the Singapore High Court. WazirX posted on X, “Our primary focus remains to begin distributions as soon as possible. Towards this goal, we are currently evaluating all available legal options in consultation with our legal and advisory teams and will be appealing against the decision of the Singapore High Court.” The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan. While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with all legal and regulatory processes. Our primary… pic.twitter.com/jrXFFwnMBA — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) June 4, 2025 Singapore High Court Highlights WazirX’s Lack of Transparency According to Sonu Jain, one of the counsels in the case representing WazirX users, the court’s dismissal of the exchange’s moratorium application highlighted the lack of transparency from the exchange’s side. The exchange’s parent firm had not revealed to the court or to its users about its move to Panama and rebranding to Zensui. The Monetary Authority of Singapore on 30 May issued a notice warning that all unlicensed exchanges operating in Singapore need to stop their services before 30 June. Given that Zettai, the parent company of WazirX, is no longer registered in Singapore or India, it may face complications in its restructuring scheme. To complicate matters further, there is an ownership conflict of WazirX between Zettai and Binance as well. BREAKING: WazirX moves company from Singapore to Panama, rebrands as Zensui to dodge Singapore regulations. [cc @TheWeb3CA ] pic.twitter.com/E4vq54TITe — Crypto India (@CryptooIndia) June 4, 2025 WazirX Now Open to Litigations in India The crypto exchange had secured a four-month conditional moratorium from the Singapore High Court, which essentially protected the company from litigation in different regions. The moratorium ends on 6 June. Now that the court has rejected the exchange’s application, it opens the door for Indian WazirX users to file litigation in India to seek unhacked locked funds from the exchange. According to Sonu, WazirX users may have to wait years to get their funds back. The post Singapore Court Rejects WazirX Restructuring as Parent Firm Quietly Moves to Panama appeared first on Cryptonews .
BlackRock, the world’s largest asset manager, has executed a significant portfolio adjustment by selling over 5,300 Bitcoin and acquiring more than 27,000 Ethereum, signaling a notable shift in institutional crypto
Needham has downgraded its rating on Apple stock to “Hold” because it sees more risks to its earnings and tougher competition. Analysts also believe its stock is too expensive. In light of these concerns, Needham trimmed its forecasts for Apple’s fiscal 2025 results. Needham’s analysts don’t see anything to boost the stock soon and think it could fall over the next year. The analysts now predict earnings of $7.06 per share, down from their prior estimate of $7.13. They expect revenue growth to lag behind competitors. Despite the iPhone maker’s large installed base and strong brand image, they see fewer reasons for profit momentum ahead. According to a report by CNBC, the key worry is valuation. AAPL is trading at over 26 times its projected 2026 earnings, a level about 50% above its 10-year average and well above the overall market multiple. “This multiple is at the high end of its Big Tech peers, despite slower growth,” analyst Laura Martin said in a Wednesday note. Compared with Apple, companies like Alphabet and Amazon appear better positioned to gain from the rise of generative AI and the scale of cloud infrastructure. Needham’s team suggests that these peers may outpace Apple in growth over the coming years, making its lofty valuation harder to justify. Needham highlights growing threats to core businesses Smartphone demand is slowing in key markets, the company’s $20 billion-a-year search deal with Google faces uncertainty, and potential tariffs on iPhones could hurt profitability. Each of these factors could weigh on Apple’s top and bottom lines. In China , Apple’s revenue is under pressure due to geopolitical tensions, less brand appeal, and stronger competition from local makers. The analysts estimate that if tariffs were fully enforced, they could shave $0.80 off Apple’s earnings per share, underscoring how trade policy could impact the company’s bottom line. In the longer term, new product formats from rivals pose a strategic challenge to the iPhone’s dominance. Examples include Meta’s smart glasses and a venture by former Apple design chief Jony Ive with OpenAI. Based on technical analysis, Needham estimates that the AAPL stock carries $20 to $30 of downside risk from its current levels, compared to about $15 of possible upside. The firm suggests that a more reasonable entry range would be $170 to $180 per share. The iPhone maker’s shares closed at $203.27 on June 3. Apple’s uncertain future sparks debate between bulls and bears The political climate has certainly changed for CEO Tim Cook, but for investors, the core story remains rooted in Apple’s track record and future prospects as reported by Yahoo Finance . In May, the Magnificent Seven together accounted for 62% of the S&P 500’s gain, while the index itself rose 6.2%. Apple was the only one of those names to trail the benchmark, and its stock has fallen nearly 20% so far this year. As Bank of America analysts led by Wamsi Mohan noted, “Apple is seen as a defensive investment where even in challenging times, it meets or slightly beats consensus forecasts, and isn’t prone to big guidance misses.” This resilience gives investors confidence that Apple can weather economic uncertainty. Another reason bulls like the AAPL ticker is that it gives money back to shareholders. By buying its own stock and paying dividends, it keeps its earnings steady. By repurchasing tens of billions of dollars of its own stock each year, Apple can boost earnings per share even if revenue growth stalls. Few companies can match that scale of cash generation and financial engineering. On the other hand, bears admit Apple is big, but say it might be a slow giant past its best days. As Mohan wrote, “Bears question whether Apple has a ‘next big thing’ on the horizon that can re-ignite substantial growth, or if the company is now essentially at the maturity stage of its innovation cycle, relying on incremental improvements and accessories.” They point to signs of slowing momentum in the services segment, which had been a key growth driver. As smartphone sales mature and upgrade cycles lengthen, Apple has leaned on services revenue, like streaming and app subscriptions, to offset weaker hardware sales. Bears say it’s unrealistic to expect endless growth here, even with new shows featuring stars like Jon Hamm. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
BitcoinWorld Bitcoin: SolarBank’s Strategic Move Adds Crypto to Reserves In a significant move signaling growing institutional adoption of digital assets, Nasdaq-listed renewable energy company SolarBank has announced plans to incorporate Bitcoin (BTC) into its reserve assets . This decision places SolarBank among a growing list of publicly traded companies exploring cryptocurrency as part of their broader financial strategy. Why Would SolarBank Add Bitcoin to Reserve Assets? You might be wondering why a company focused on solar energy would venture into the world of cryptocurrency. SolarBank’s decision reflects a broader trend among corporations seeking alternative strategies for managing their balance sheets in the current economic climate. The primary motivations for companies adding Bitcoin to their reserve assets often include: Inflation Hedge: Protecting capital against the potential devaluation of fiat currencies over time. Bitcoin’s fixed supply is seen by many as a store of value similar to digital gold. Potential for Appreciation: While volatile, Bitcoin has shown significant long-term growth potential, offering the possibility of increasing the value of corporate reserves. Diversification: Adding a non-correlated asset to the corporate treasury portfolio can help reduce overall risk. Alignment with Innovation: As a technology-focused company, embracing a leading digital asset like Bitcoin can align with a forward-thinking brand image. ESG Narrative (Potential): For a renewable energy company like SolarBank , there’s a potential narrative link to the increasing use of renewable energy in Bitcoin mining, though this aspect requires careful consideration and communication. Understanding SolarBank’s Plan for Bitcoin Custody According to reports, SolarBank is actively evaluating how it will hold its planned Bitcoin reserves. The company is considering two primary options for custody: Coinbase Prime: Utilizing a reputable third-party institutional custodian like Coinbase Prime. This platform offers tailored services for corporate clients, including secure storage, trading execution, and reporting. Self-Custody: Managing the private keys themselves using hardware wallets or other secure methods. This option provides maximum control but also carries significant responsibility and technical requirements to ensure security. Choosing between these options involves weighing factors like security infrastructure, technical expertise, compliance requirements, and desired level of control. Coinbase Prime offers a managed solution, while self-custody demands internal expertise in digital asset security. Timing and Amount: What Factors Influence SolarBank’s Bitcoin Purchase? SolarBank has stated that it has not yet made any Bitcoin purchases. The timing and amount of its initial investment will depend on several key factors: Market Conditions: Evaluating the current price and volatility of Bitcoin to identify potentially favorable entry points. Capital Requirements: Ensuring that the investment in reserve assets does not compromise the capital needed for core business operations, growth projects, and other strategic initiatives. Liquidity Needs: Maintaining sufficient liquidity to meet short-term obligations. Regulatory Landscape: Monitoring the evolving regulatory environment surrounding corporate holdings of digital assets. This approach indicates a cautious and deliberate strategy, aligning the digital asset investment with overall financial health and market outlook, a common practice for companies engaging in corporate treasury management. SolarBank Joins the Institutional Adoption Wave SolarBank is not the first publicly traded company to add Bitcoin to its balance sheet, but its decision highlights the expanding nature of institutional adoption across different sectors. Companies like MicroStrategy have made significant, long-term commitments to Bitcoin as a primary treasury reserve asset. Tesla also famously added Bitcoin to its balance sheet and briefly accepted it for payments. Other examples include Square (now Block) and smaller firms across various industries. This trend suggests a growing acceptance of Bitcoin not just as a speculative asset, but as a legitimate component of a diversified corporate treasury strategy. For SolarBank, a company rooted in traditional infrastructure and energy, this move is particularly noteworthy and could signal a broader shift in how companies perceive and utilize their reserve assets . Benefits and Challenges of Adding Bitcoin to Corporate Reserves Adding Bitcoin to reserve assets comes with potential benefits and significant challenges that companies like SolarBank must navigate. Potential Benefits: Potential for Growth: Historically, Bitcoin has outperformed many traditional assets over the long term. Inflation Protection: Acts as a hedge against the declining purchasing power of fiat currency. Increased Visibility: Can generate investor interest and positive media attention, particularly from those interested in innovation and digital assets. Diversification: Offers low correlation with traditional financial markets at times. Challenges: Volatility: Bitcoin’s price can experience rapid and significant swings, potentially impacting the reported value of reserve assets . Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving globally, posing potential risks. Accounting Treatment: Current accounting rules (like FASB guidance) often require companies to mark down the value of crypto holdings if the market price drops below the purchase price, even if the price later recovers (though this is changing with new FASB rules effective for fiscal years beginning after Dec 15, 2024, allowing fair value accounting). Security Risks: Custody requires robust security measures to protect against theft or loss of private keys. Public Perception: Some investors or stakeholders may view cryptocurrency investments as risky or outside the company’s core business. What Does This Mean for SolarBank and the Market? For SolarBank , this move could position it as an innovative player in the energy sector, potentially attracting a new type of investor interested in companies with exposure to digital assets. It also signifies confidence in Bitcoin as a long-term store of value. For the broader market, SolarBank’s decision adds another data point to the growing narrative of institutional adoption . Each new company, especially one from a non-traditional sector like renewable energy, reinforces the idea that Bitcoin is maturing as an asset class being considered for corporate treasury management and reserve assets . Actionable Insights for Investors and Companies For investors, SolarBank’s announcement provides a new angle to consider when evaluating the company. It’s important to understand the potential impact of Bitcoin price volatility on SolarBank’s financial statements and overall risk profile. Researching the company’s specific custody plans and risk management strategies is crucial. For other companies observing this trend, SolarBank’s move serves as an example of exploring alternative reserve assets . Companies considering a similar strategy should conduct thorough due diligence on Bitcoin , understand the associated risks and benefits, evaluate custody solutions, and consider the potential impact on financial reporting and shareholder perception. Consulting with financial and legal experts experienced in digital assets is essential. Conclusion SolarBank’s plan to add Bitcoin to its reserve assets is a notable development in the ongoing story of institutional adoption . As a Nasdaq-listed renewable energy company, its decision bridges traditional finance with the digital asset space, driven by motivations like inflation hedging and potential growth. While the timing and amount of the purchase remain subject to market conditions and capital needs, this strategic consideration by SolarBank underscores the increasing acceptance of Bitcoin as a viable component of corporate treasury management. This move is a testament to the evolving landscape of corporate finance in the digital age. To learn more about the latest Bitcoin trends , explore our article on key developments shaping Bitcoin institutional adoption . This post Bitcoin: SolarBank’s Strategic Move Adds Crypto to Reserves first appeared on BitcoinWorld and is written by Editorial Team
The post U.S.-Pakistan Crypto Alliance? Bilal Bin Saqib Meets Trump’s Digital Asset Chief appeared first on Coinpedia Fintech News In a high-level meeting aimed at advancing digital asset cooperation, Pakistan’s Minister for Crypto and Blockchain, Bilal Bin Saqib , met with Robert “Bo” Hines , Executive Director of former President Donald Trump’s Council on Digital Assets . The conversation marked a significant move towards cross-border collaboration on crypto innovation and infrastructure development. Key Highlights of the Bilal-Hines Meeting During the strategic dialogue, the two leaders explored several critical areas: Potential U.S.-Pakistan crypto partnerships The future of decentralized finance (DeFi) Bitcoin’s role in sovereign economic strategy Bilal Bin Saqib declared a bold vision during the session: “It is my mission to position Pakistan as a global leader in digital assets.” He also announced plans to establish a Strategic Bitcoin Reserve (SBR) , highlighting Pakistan’s commitment to digital asset adoption and economic modernization. Pakistan’s Infrastructure Push for Crypto and AI Saqib revealed Pakistan’s ambitious plan to allocate 2,000 megawatts of electricity to support crypto mining and AI zones across the country. This initiative marks a major step toward building a digital economy powered by blockchain and artificial intelligence. Adding to the momentum, on May 21st , Pakistan’s Finance Ministry officially approved the creation of a dedicated crypto regulatory body to oversee and manage all crypto-related activities. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Pakistan Makes Another Big Move: New Draft on Crypto Regulation , Will the U.S. and Pakistan Lead Crypto Innovation Together? At the meeting, both Hines and Saqib shared a mutual interest in fostering U.S.-Pakistan collaboration on digital assets. The joint approach aims to empower youth, drive innovation , and boost economic inclusion through blockchain ecosystems. Notably, Pakistan also held separate discussions with the White House Counsel’s Office , underscoring its growing alignment with the U.S. on virtual asset strategies. Strategic Bitcoin Reserve and Global Spotlight The Pakistan-U.S. dialogue follows Pakistan’s recent announcement of its Strategic Bitcoin Reserve (SBR) at the Bitcoin 2025 conference in Las Vegas . With this bold step, Pakistan became the first Asian country to integrate Bitcoin into its sovereign asset strategy . Final Thoughts Pakistan’s crypto leadership vision is no longer just talk. With dedicated energy allocations, regulatory frameworks, and strategic international ties, the country is fast positioning itself as a trailblazer in digital assets . 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Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What role does the Pakistan Crypto Council play? The council, led by Bilal bin Saqib, advises the government on blockchain policies, Web3 development, and AI-driven financial innovation. How many crypto users are there in Pakistan? Pakistan has about 25 million active crypto users and sees an estimated $300 billion in annual transaction volume. How much tax do I pay on crypto in Pakistan? Starting July 1, 2025, profits from selling crypto face a flat 15% Capital Gains Tax (CGT). Crypto earned from mining/staking is taxed as regular income (5-35%).
Nexchain is gaining significant traction in the 2025 presale scenario. Its AI-powered blockchain guarantees long-term investors speed, scalability, and passive income. With each presale stage, the price of NEX rises. Nexchain is now on the verge of reaching a significant milestone, having raised approximately $3.8 million. Early-stage purchasers have a rare opportunity to acquire before the price rises again. The ability to receive future benefits, engage in governance, and benefit from AI capabilities has made NEX one of the most talked-about crypto tokens. $0.062 Gets You in Before Stage 17 With a 484% ROI The Nexchain presale is entering its 17th stage, at which point the price will dramatically increase. Right now, investors may still purchase NEX for $0.062. Once the final step is completed, the listing price is estimated at $0.03, representing a possible ROI of 484%. Already, the presale has generated over $3.8 million. This tremendous traction indicates that people are becoming confident in Nexchain's plan. Buyers of NEX tokens have early access and the opportunity to earn passive incentives through the platform's income-sharing scheme. The risk is modest at this pricing, but the upside potential is enormous. Nexchain: An AI Blockchain That Solves Real Web3 Problems Nexchain is a blockchain created using artificial intelligence. It aims to address the primary concerns of older blockchains, such as sluggish transaction speeds, excessive fees, and limited scalability. Nexchain proposes Hybrid Consensus, which combines Proof-of-Stake with AI logic. This enables the network to adapt in real-time and operate at high speeds while consuming minimum energy. The technology addresses congestion issues and enables smart contracts to function more effectively. As a consequence, developers and users benefit from an adaptable and cost-effective system. Nexchain's AI-enhanced infrastructure distinguishes it from the majority of L1 chains. Other Major Presales Generating Buzz Now Snorter Token (SNORT) powers a Solana-based Telegram trading bot that automates quick token sniping, stop-loss, and wallet-copying. Everything works within Telegram, providing a smooth user experience. Traders can track frauds, manage their portfolios, and execute swaps instantly. Furthermore, SNORT token holders pay lower costs—as low as 0.85%—than traditional bots, which charge up to 2%. Snorter's efficient trading methodology has made it one of the most popular tools for active traders trying to improve their on-chain speed and security. Best Wallet Token (BEST) is linked to a cryptocurrency wallet with over 250,000 monthly subscribers. It supports over 60 blockchains and simplifies portfolio management by eliminating the need for several wallets. The presale has already generated $13 million. Investors are optimistic since the wallet is already extensively used. Its emphasis is on usability and excellent compatibility with popular networks such as Ethereum and Bitcoin. Both SNORT and BEST are helpful, but Nexchain provides something more comprehensive: a complete Web3 infrastructure driven by AI. Nexchain May Be the Best Crypto Presale of 2025 Nexchain is more than just a presale; it has clever automation, minimal costs, and AI integration. It provides long-term benefits, practical use cases, and decentralized governance. Although the token's price is still less than $0.1, the functionality it enables is years ahead of the competition. Buyers aren't simply speculating; they're gaining access to a thriving digital economy that includes passive income. Nexchain is swiftly emerging as the most promising blockchain debut of the year. Those who participate now may find themselves at the forefront of the next significant wave of crypto innovation in 2025. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The Moscow Exchange (MOEX) has launched crypto-linked futures trading, marking a pivotal development in Russia’s regulated financial markets for qualified investors. This new product, tied to a Bitcoin Trust ETF
Binance launches an Altcoin Liquidity Enhancement Program for small and medium-sized market makers. Participants receive attractive rebates based on their altcoin trading volume market share. Continue Reading: Boost Your Altcoin Trading with Binance’s Innovative Liquidity Program The post Boost Your Altcoin Trading with Binance’s Innovative Liquidity Program appeared first on COINTURK NEWS .
Moscow Exchange (MOEX) has launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), marking a significant step in Russia’s crypto investment landscape. This new futures contract, available exclusively to
Bitcoin traded at $105,289 on June 4, 2025, with a total market capitalization of $2.09 trillion. The cryptocurrency’s 24-hour trade volume stood at $24.92 billion, within a daily price range of $105,293 to $106,854. Bitcoin On the 1-hour chart, bitcoin exhibited a micro downtrend leading into June 4, characterized by a consistent pattern of lower