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Bitget Launches New User Scratch Card Campaign with Up to 666 USDT in Rewards

Bitget Launches a New User Scratch Card Campaign from June 1 to June 8. During the campaign, new users can earn scratch card draws by completing tasks such as KYC verification, making their first deposit, and executing their first derivatives trade—up to a maximum of 18 draws. Prizes range from 3 to 666 USDT in cash rewards. Additionally, the first 1,000 new users who complete their first derivatives trade during the campaign period will receive a 10 USDT experience fund compensation if they incur a loss on that trade. Full campaign rules are published on the official Bitget platform. Eligible users must click “Join Now” to register before participating.

A new wallet withdrew 5 million USDT from Bybit and purchased 8.1 million $Binance Life tokens.

According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet (0x82C0) withdrew 5 million USDT from Bybit today and purchased 8.1 million $BNB Life tokens.

A certain address spent $3.07 million to buy 8.1 million Binance Life tokens in 8 hours, becoming a TOP20 holder on-chain

Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, an address withdrew 5 million USDT and 0.5 BNB from Bybit 17 hours ago as miner fees, then purchased 8.1 million Binance Life tokens at an average price of $0.61417. They now hold 0.81% of the token supply, becoming a TOP20 holder on-chain.During this buying activity, the token price rose from $0.5314 to $0.702, a gain of 32%. It has now retreated to $0.6246, with a 24-hour increase of 25%.

A whale has closed its ETH short position and flipped to a long position of 19,700 ETH, valued at $39.5 million

according to Onchain Lens monitoring, a whale has closed its ETH short position and flipped to a long position holding 19,700 ETH (20x leverage), valued at $39.5 million, with an unrealized loss exceeding $205,000.

Analysis: HYPE buying on the first day of the GrayScale Hyperliquid ETF launch may be lower than market expectations

cryptocurrency analyst botblastcap posted on X to analyze the Hyperliquid ETF (HYPG) that GrayScale has applied for.botblastcap stated that the direct stimulative effect of the HYPG launch on the HYPE price may not be as strong as the market expects. This is because a large number of tokens have already been funded through private transactions in advance (i.e., the previously disclosed seed capital investment of 2 million HYPE). Consequently, the buying pressure generated in the spot market on the day of the ETF launch will likely be lower than many anticipate.However, in the medium to long term, this is still a very positive event. It implies deeper liquidity, stronger institutional participation, and potential incremental buying pressure that could continue in the future.Previously, GrayScale submitted the fourth amended filing for the Hyperliquid ETF and plans to provide approximately 2 million HYPE as seed capital investment.

A trader made over $1.4 million in profit from a 10x long position on HYPE in two days

According to Lookonchain monitoring, a trader (0xc6fe...79b1) made over $1.4 million in profit from the rise of HYPE within two days. Yesterday, he opened a 10x long position of 110,735 HYPE, worth $7.6 million, and closed the position for a profit of $580,000. Subsequently, he reopened a 10x long position of 204,383 HYPE, worth $14.89 million, with an unrealized profit of $838,000.

HYPE hits a new all-time high, breaking $72; a whale's 5x leveraged long position has floating profit exceeding $46 million

Odaily Odaily News According to Onchain Lens monitoring, HYPE has hit a new all-time high and broken above $72. Loracle (@loraclexyz) has closed over 50% of their HYPE short position, still holding 843,232 HYPE short positions, worth $60.7 million, with floating losses exceeding $22 million. Meanwhile, a whale holds a 5x leveraged long position on HYPE, with floating profits currently exceeding $46 million.

A certain address has short positions in BTC and ETH, with an unrealized profit of $2.5 million, while its short position in HYPE sees an unrealized loss of $1.029 million.

according to on-chain analyst Ai Yi's monitoring, the address (0xc72...0517c) opened short positions in BTC, ETH, and HYPE tokens around mid-November last year. Currently, the BTC and ETH short positions are valued at $7.321 million, with an unrealized profit of $2.5 million; the HYPE short position is valued at $1.7 million, with an unrealized loss of $1.029 million. After offsetting, the account has a total unrealized profit of $1.471 million.

Analyst: BTC May See Brief Rebound in Early June Before Further Decline

Analyst Killa posted on X platform, stating that BTC fell at the monthly close of June. While expecting the overall June candle to close red, there may be a brief rebound at the beginning of the month, followed by a potential further decline.

A whale dormant for 7 months deposited 1,504 ETH worth $3.05 million into OKX

According to Onchain Lens monitoring, a whale deposited 1,504 ETH worth $3.05 million into OKX after being dormant for 7 months, incurring a loss of $2.82 million.

Stock prices of multiple crypto treasury firms declined as they pivoted toward exploring digital credit fundraising, but sustainability remains questionable.

According to the UK’s Financial Times, as prices of crypto assets such as Bitcoin weaken, some crypto treasury firms—whose core business is holding crypto assets—have begun pivoting to a new financing instrument dubbed “Digital Credit” following declines in their stock prices. This strategy, promoted by the firm, offers investors high-yield perpetual preferred shares, with proceeds used to continue purchasing Bitcoin. Since its launch roughly 10 months ago, the initiative has attracted approximately $10.5 billion in inflows. Several crypto reserve companies are now planning to emulate this model, including Strive Asset Management, The Smarter Web Company, and Capital B.

Whale loracle.hl is closing part of its HYPE short position and turning bullish on ASTER.

According to on-chain analytics platform Lookonchain (@lookonchain), loracle.hl (@loraclexyz) previously incurred losses exceeding $35 million from shorting over $110 million worth of HYPE. It is now closing out部分 of its HYPE short positions and shifting to a long position on ASTER. It currently still holds a short position of 1.5 million HYPE tokens, valued at approximately $103.1 million.

HYPE short positions suffer losses exceeding $36 million, whale Loracle closes short positions in BTC, LIT, TON, and VVV

According to Onchain Lens monitoring, whale Loracle has closed its short positions in BTC, LIT, TON, and VVV. The HYPE short position is still being closed, with a remaining 1.518 million HYPE short position, approximately $105 million, resulting in losses exceeding $36 million. Loracle has newly opened a 10x long position in ZEC, as well as 5x long positions in ASTER and TON, and its holdings are continuing to increase.

A whale deposited $3.12 million USDC into HyperLiquid and purchased 45,900 HYPE

According to Onchain Lens monitoring, a whale deposited $3.12 million USDC into HyperLiquid and purchased 45,887 HYPE at a price of $68.09.

Retail investor funds flood space-themed ETFs, with SpaceX-related concepts fueling sector momentum

As market attention on SpaceX’s potential IPO continues to intensify, U.S. retail capital is rapidly flowing into space-themed ETFs. Among them, the Space Innovators ETF—which holds private equity stakes in SpaceX—has seen its assets under management surpass $2.6 billion in less than two months, making it one of the most closely watched space investment products recently.

Samsung and SK Hynix surge triggers fund position-limit mechanism; Goldman Sachs warns of potential continued passive selling pressure

Driven by the AI and semiconductor boom, Samsung Electronics and SK Hynix’s stock prices have continued to rise, prompting some institutions to reduce their positions due to hitting single-stock holding limits. Goldman Sachs believes that if the market weight of these two companies continues to increase, they may still face additional passive selling pressure in the future.

Swedish prosecutors suspect information leak led to premature exposure of Sivers (SIVE) dual-listing rumors, causing stock price volatility; investigation launched

: Jonas Myrdal, a prosecutor at the Swedish Economic Crime Authority, stated that regarding a post on social platform X about Sivers Semiconductors (SIVE) considering a dual listing in the US leaking out early and being officially confirmed by the company approximately 48 hours later, he believes this is not a coincidence but highly likely involves an information leak.Jonas Myrdal pointed out that the relevant information was published and continuously promoted on platform X by an anonymous account with approximately 200,000 followers before its official disclosure. This subsequently triggered a sharp, several-fold increase in the company's stock price within a short period. This behavior pattern is similar to a previous case involving "pump-and-dump" manipulation, in which three individuals were convicted of serious market manipulation offenses. He further recommended that Nasdaq should investigate this incident and assess whether it violates the EU Market Abuse Regulation (MAR). Currently, the source of the suspected information leak is still under investigation.Previously, "New Stock God" Serenity posted on platform X seemingly "touting" Sivers, and stated that after further reviewing Sivers Semiconductors' latest earnings conference call, they are optimistic about its prospects. The company's management indicated that "in a super-cycle where demand far exceeds supply, viewing ecosystem partners as competitors is not the correct approach," reflecting the current strong demand in the photonics industry. Additionally, the photonics business pipeline has grown rapidly over the past five months, driving an overall revenue pipeline increase of 77%. (Marketscreener)

Another upset: Polymarket user loses $157.5K betting on BLG victory

: According to on-chain analyst Ai Yi’s monitoring, the Polymarket account TrevorPlovdivBulgariaForHisBirthday predicted a BLG victory in tonight’s LoL match between BLG and WE, incurring a cumulative loss of $157,500. Before the match, BLG’s win probability was as high as 95.5%, but the match ultimately ended in a 1:3 defeat, turning this user's originally anticipated profitable venture into a significant loss.

Base status update system has been malfunctioning for over 30 hours, causing withdrawal delays

L2BEAT research lead donnoh.eth posted on X, stating that the Base network's state update system has been down for over 30 hours due to a bug related to a recent upgrade. However, since the on-chain withdrawal cycle is set to approximately 7 days, this issue has not been immediately noticeable to users.This malfunction involves an anomaly in the state update layer but did not immediately impact users' withdrawal experience, which is why the problem went largely unnoticed for a period of time. The issue has now sparked discussion within the community, focusing on its impact on on-chain data synchronization and operational monitoring mechanisms.

Base’s withdrawal process delayed due to TEE enclave failure causing status updates to stall for over 30 hours

Base state updates have been interrupted for over 30 hours due to issues related to the Trusted Execution Environment (TEE) enclave. The official team stated that the outage caused the termination of some proposals, and mainnet withdrawals are currently affected. Repair efforts are ongoing.