SKYAI jumped 4100% to $0.72645 after trading sideways for a year. The rally was driven by Bitget listing, final testing of the SKYAI MCP Hub, and rising enthusiasm around the AI agent narrative.
SKYAI jumped 4100% to $0.72645 after nearly a year of range-bound trading. The rally was driven by Bitget listing, final testing of the SKYAI MCP Hub, and growing enthusiasm around the AI agent narrative, though volatility risks remain elevated.
According to SoSoValue data, the crypto market sectors showed mixed performance. The AI sector rose 3.59% in 24 hours, with Worldcoin (WLD) surging 22%. The DeFi sector gained 1.93%, pushing Hyperliquid (HYPE) to a new all-time high. Meanwhile, Bitcoin fell 6.19%, briefly dropping below $62,000, and Ethereum slid below $1,800.
SoSoValue data shows a mixed day for crypto sectors. The AI sector rose 3.59% with Worldcoin jumping 22%, while DeFi climbed 1.93% as Hyperliquid hit a new all-time high. Meanwhile, Bitcoin tumbled 6.19%, briefly breaching $62,000, and Ethereum slid below $1,800.
On June 4, the crypto market saw a sharp divergence: the AI sector surged 3.59%, led by a 22% jump in Worldcoin, while DeFi also strengthened as Hyperliquid hit a new all-time high. In contrast, Bitcoin tumbled 6.19% and briefly fell below $62,000, dragging most L1 and L2 sectors lower.
On June 2, the bitcoin treasury company market showed divergence. Strategy sold 32 bitcoins for the first time in three years, while several companies continued to accumulate. Nakamoto's CEO increased his stake, and Sequans exited its crypto treasury. Ethereum treasury firm Bitmine's unrealized loss exceeded $8.1 billion, while SharpLink and Forward Industries were included in Russell indexes. Solana treasury company Sharps Technology rebranded to SkyAI, HypeStrat's floating profit topped $1 billion, Genius Group launched an AI treasury plan, and BNB Plus raised $4.1 million.
Bitcoin treasury companies are increasingly divergent, with Sean Bill criticizing hype-driven firms. Last week, public companies net purchased $9.85M in BTC, while Strategy made a rare sale of 32 BTC. Bitmine’s ETH stash swelled to 5.416M, with a floating loss exceeding $8.1B. Nakamoto’s CEO bought nearly $1M in shares; Sequans exited its BTC strategy to refocus on IoT; Cango reported Q1 mining revenue of $98.4M. SharpLink and Forward Industries are set to join Russell indexes. SkyAI rebranded for AI finance; HypeStrat’s unrealized profit topped $1B; Genius Group launched a $100M AI treasury.
Corporate Bitcoin net buying fell to $9.85M last week as Strategy sold BTC for the first time since 2023. Bitmine's ETH holdings swelled to 5.41M with over $8.1B in unrealized losses. Several crypto treasury companies joined Russell indexes, while Genius Group unveiled an AI treasury strategy.
