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Despite the recent continuous decline of Bitcoin and Ethereum, the ETF product tracking the Hyperliquid ecosystem token HYPE has seen a surge in funding. The HYPE spot ETFs launched by Bitwise and 21Shares in May of this year (with codes BHYP and THYP respectively) attracted nearly $150 million in asset inflows within a few days of listing, achieving net inflows on most trading days. Grayscale's Hyperliquid Staking ETF (HYPG), launched this week, currently has assets totaling $4.5 million.Bitwise Chief Investment Officer Matt Hougan stated that Hyperliquid's market penetration is currently only about 1%, and most investors are still unfamiliar with the project. Hyperliquid is a decentralized perpetual contract trading platform built on an independent blockchain, which rapidly rose to prominence during the U.S.-Iran conflict last year by providing weekend crude oil trading channels, with trading volumes reaching about $1 billion per day at one point.Grayscale Research Director Zach Pandl noted that the HYPE ETF attracts more new investors who have not previously participated in the crypto market, rather than capital rotation from Bitcoin. Analysts believe that Hyperliquid's biggest appeal lies in its unique value capture mechanism—99% of the platform's generated fee revenue will be used to repurchase HYPE tokens, similar to stock buybacks by listed companies, creating a direct link between platform activity and token value, making it easier for traditional equity investors to understand.As of now, the 21Shares Hyperliquid ETF has assets under management of $75.8 million, while the Bitwise Hyperliquid ETF has $71.14 million. Industry insiders believe that spot ETFs are becoming an important bridge connecting traditional finance and DeFi, helping to enhance the visibility of the Hyperliquid platform and promote mainstream adoption. However, analysts also remind that Hyperliquid cannot be used directly in the U.S. yet, and regulatory approval may not come until 2027, while competition from traditional finance and DeFi platforms may continue to intensify.

"New Stock God" Serenity posted on platform X that his account has accumulated 107,894,491 exposures, with related creator earnings of approximately $4,649. He stated that all income will be used for stray dog rescue, and there will be larger-scale donations in the future. According to current calculations, it costs about $600 to rescue one dog, so the scale of rescue will grow in proportion to the increase in his follower count.Serenity expressed that he prefers to profit through the investment market rather than deriving income from his fan base, and therefore has never felt the need to set up a high paywall or run paid advertisements. He added that even without a creator earnings program, he would continue to share investment insights.

According to monitoring by Catcher Predict, in the Polymarket event "French Open Women's Singles: Maya Hawrylinska vs. Mira Andrejeva," the sub-market "Match Completion" option "Yes" has experienced a dramatic fluctuation in winning probability, dropping from 85.5% an hour ago to the current 53% (a fluctuation of 32.5%). Please note the impact of related breaking news.

According to official news, Tether announced that it has appointed a new independent director to the board of Bitcoin reserve company Twenty One Capital (XXI) to fill the previous vacancy in the audit committee. The company stated that this appointment complies with the independence requirements of the SEC's Securities Exchange Act Rule 10A-3 and the New York Stock Exchange listing rules.This vacancy arose after Tether acquired the shares of XXI held by SoftBank Group on May 20, leading to the termination of the governance agreement between the two parties, and the resignation of the directors appointed by SoftBank, one of whom was a member of the audit committee.It was introduced that Twenty One Capital currently holds over 43,500 bitcoins and is positioned as a vertically integrated Bitcoin company, with business covering Bitcoin mining, asset reserves, capital markets, and financial services.Tether CEO Paolo Ardoino stated that XXI is building one of the most important Bitcoin companies in the world, and therefore the company prioritizes ensuring that the board has an independent oversight mechanism that meets SEC and NYSE requirements to match its strong balance sheet.

On-chain detective ZachXBT posted questioning BitMEX co-founder Arthur Hayes for frequently changing his views and selling tokens in a short period, asking how much exit liquidity he had received from followers in the past few days.ZachXBT pointed out that before WLD, Arthur Hayes had expressed bullish views on tokens such as NEAR, HYPE, and ZEC, and in his latest operation, after publicly expressing a strong bullish stance on Worldcoin (WLD) multiple times and giving a target far above the current price, he chose to liquidate his position in a short time.In response, Arthur Hayes stated that he was simply selling assets at market prices to buyers willing to take over according to his trading targets, and if the price continued to rise, outsiders would think his sale was a wrong decision, "this time it just happened to be a correct judgment."Subsequently, ZachXBT posted again, sharing Arthur Hayes's previous bullish comments on WLD and questioning his rapid exit from the position after loudly promoting it, sparking discussions in the community about the influence of opinion leaders on the market and the issue of "exit liquidity."Previously, Arthur Hayes had stated that he had liquidated his WLD position, claiming that the price trend was "not right," and announced his exit from that position.

According to CoinDesk, despite market speculation that some retail investors may sell Bitcoin to participate in SpaceX's record-breaking $75 billion IPO, stablecoin liquidity and on-chain data show that there are currently no signs of large-scale capital withdrawal from the crypto market.This SpaceX IPO is valued at approximately $1.8 trillion, allocating up to 30% of shares to retail investors through platforms such as Robinhood, Fidelity, and Charles Schwab, significantly higher than the traditional IPO's allocation of about 10% to individual investors. After the roadshow began, subscription demand has exceeded the issuance scale.Data shows that the outflow of USDT and USDC remains within the normal range since February this year, with no abnormal redemptions or supply contractions. In contrast, on June 6, Bitcoin and Ethereum recorded net outflows of approximately 66,470 BTC and 2.49 million ETH from exchanges, indicating that more investors are transferring assets to private wallets, showing signs of buying the dip rather than concentrated cashing out.However, on-chain data cannot reflect the trading behavior of users on platforms like Robinhood and Coinbase, so whether crypto investors are selling assets to subscribe to SpaceX stock still requires waiting for relevant brokers to release subsequent data.Currently, the most significant capital outflows are coming from spot ETFs. Data shows that as of June 3, U.S. spot Bitcoin ETFs have experienced net outflows for 13 consecutive trading days, with total redemptions of approximately $4.4 billion; spot Ethereum ETFs have seen capital outflows for 17 consecutive trading days before returning to slight net inflows.According to the plan, SpaceX will complete pricing on June 11 and will be listed on Nasdaq under the stock code SPCX on June 12.

According to on-chain analyst @ai_9684xtpa, three major whales holding 345,000 ETH are facing liquidation risks, totaling $537 million:Whale that has been long on ETH since February: Long position battlefield: Hyperliquid collateral amount: 152,195 ETH ($210 million), distributed across 2 addresses. Current status: Health down to 1.16. Liquidation prices: $1,355.63 and $1,280.47.Bit affiliated entity: Long position battlefield: Hyperliquid long position: 120,000 ETH ($188 million), distributed across 4 addresses. Current profit and loss: Unrealized loss of $84.48 million. Liquidation prices: [$1,241, $1,272].Whale that has been long on ETH after five years of dormancy: Long position battlefield: Aave collateral amount: 72,706.14 ETH ($113 million), distributed across 2 addresses. Current status: Liquidated 31,915.13 ETH. Liquidation prices: $1,472.12 and $1,458.81.

According to CoinDesk, security engineer Taylor Hornby, who discovered a serious vulnerability in Zcash using the Anthropic Opus 4.8 AI model, stated that Monero (XMR) has been added to the audit queue, and more privacy coin projects will undergo security reviews in the future.Hornby previously discovered a critical vulnerability in the Zcash Orchard privacy pool on May 29, which had gone unnoticed since May 2022 and could theoretically allow attackers to create unlimited undetectable fake ZEC. The development team at Shielded Labs completed an emergency fix before June 1 and subsequently disclosed the details of the vulnerability. As a result of the incident, ZEC dropped by as much as 38% within 24 hours after the news broke, with the market concerned that attackers may have exploited the vulnerability to steal funds from the privacy pool without leaving on-chain traces.Hornby stated that he was commissioned by the nonprofit organization Shielded Labs in April of this year to identify protocol vulnerabilities before attackers could exploit them. Although he had the means to profit from the vulnerability, he chose to report the issue to the development team, stating that "such betrayal is unacceptable." Additionally, Hornby plans to apply for funding from the Zcash community to support subsequent security research efforts.

According to a report by Fortune, David Trainer, CEO of research firm New Constructs, analyzed that to support a valuation of approximately $1.75 trillion, SpaceX needs to increase its annual revenue to about $1.1 trillion by 2035, which is nearly a 60-fold increase from $18.7 billion in 2025, equivalent to maintaining an average annual revenue growth rate of about 50% over the next decade.According to the prospectus previously submitted by SpaceX, the company's revenue in 2025 is projected to be $18.7 billion, with a net loss of $4.9 billion. Trainer calculated based on a discounted cash flow model that if investors want to achieve an annualized return of about 10% over the next decade, SpaceX must achieve the aforementioned growth targets.Analysis indicates that if it reaches a revenue scale of $1.1 trillion, SpaceX's revenue would account for about 2.4% of the U.S. GDP in 2035, with an economic scale exceeding the entire U.S. utility industry and approaching three-quarters of the U.S. transportation industry.Trainer stated that although the artificial intelligence market has vast potential, many competitors, including Alphabet, Microsoft, NVIDIA, and OpenAI, are competing for market share, and SpaceX lacks historical precedent to achieve such a scale of growth. He believes that SpaceX could not only become the largest IPO in history but also the most expensive in terms of valuation.

According to official news, Feixiaohao has invested in the AI Agent infrastructure project AMIKO and has reached a strategic cooperation with AMIKO. The two parties will collaborate on capital support, content dissemination, live events, media promotion, AI search content development, product scenario integration, and multilingual market promotion, aiming to establish a clearer project recognition for AMIKO in the Chinese and international Web3 markets.AMIKO is positioned as a digital identity and social infrastructure for the AI Agent era, attempting to integrate identity, productivity, social interaction, and economic capability within the same system, allowing users to have AI Twins, Companions, Assistants, and Experts that represent their actions, communication, and collaboration. Its technical path involves OpenHermit hosting runtime and OpenClaw BYOA scenarios, focusing on AI digital avatars, social continuity, Agent native identity layers, and economic circulation within the platform.Feixiaohao (Feixiaohao.ai) stated that this investment and strategic cooperation will leverage its Web3 data platform, industry media, live events, and global ecological communication capabilities to help AMIKO reach a broader audience of Web3 users, media, and AI search content scenarios. Previously, AMIKO had received strategic investment from the American AI investment firm High Ridge Holdings for product development, ecological expansion, and international growth.

According to on-chain analyst Yu Jin's monitoring, a certain whale continued to increase its position by buying 28 million USDT worth of ETH when ETH dropped to 1505 USD at 1 PM.This whale borrowed 128 million USD to buy 78,000 ETH within a day and a half, with an average price of 1645 USD, and the leverage ratio has reached 3 times. Currently, the liquidation prices of its two lending positions are 1356 USD and 1280 USD, respectively.

According to official news, Gate Alpha will officially launch the 42nd Hot Coin Trading Competition on June 7 at 10:00 (UTC+8). Users can click "Participate Now" to complete registration and trade designated hot coins to share a total airdrop reward valued at $60,000.This event features a three-tier reward mechanism: Users who registered without an invitation code will receive 1 chance to participate in a regular blind box lottery for every 200 USDT traded, with a total prize pool of approximately $20,000, a minimum prize of 0.19 GT per draw, and a maximum of 7.81 GT; Users who registered with an invitation code will receive 1 chance to participate in a premium blind box lottery for every 500 USDT traded, with a total prize pool of approximately $30,000, a minimum prize of 0.39 GT per draw, and a maximum of 15.63 GT; Additionally, there is a special prize pool for newcomers of approximately $10,000. New users of Gate Alpha with zero trading can recharge "Binance Life" to their Alpha account and receive an equivalent airdrop of 0.5% of the transferred market value, available on a first-come, first-served basis.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and can achieve seamless trading of all-chain tokens through the contract address search function, enabling cross-chain trading and allowing users to access all on-chain tokens with one click.

According to HyperInsight monitoring, as ETH fell below 1600 USD, the 120,000 ETH long positions held by BIT (formerly Matrixport) associated whales are currently facing an unrealized loss of over 84 million USD, and have already paid 1.85 million USD in funding fees.

According to a report by Jinshi, Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will adjust services for existing investor accounts in mainland China, including suspending the opening of new positions and increasing positions in all varieties such as stocks, and only supporting sell and close operations; suspending the transfer of funds and securities, while the transfer out function remains normal.The notice stated that this adjustment does not affect the services provided to existing investors overseas, nor does it affect the safety of existing assets for all clients. Clients can normally check their accounts, hold, and sell existing positions.

According to CoinGecko data, Ethereum's market capitalization has fallen to $182.8 billion, below USDT's $187 billion, and it has now dropped to the 3rd position in the cryptocurrency market capitalization ranking.

According to Coinglass data, the total contract open interest for BTC has decreased by 5.44% in the past 24 hours, with the current total open interest at 44.559 billion USD. Among them, the open interest for Binance is 8.264 billion USD, for OKX is 2.617 billion USD, for Bybit is 4.057 billion USD, and for Gate is 3.188 billion USD.

According to SoSoValue data, yesterday (Eastern Time June 5), the total net outflow of Bitcoin spot ETFs was $326 million.The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $4.2773 million for the day, and the historical total net inflow of MSBT has reached $268 million.Next was the VanEck ETF HODL, with a net inflow of $4.2190 million for the day, and the historical total net inflow of HODL has reached $1.151 billion.The Bitcoin spot ETF with the highest net outflow yesterday was the Blackrock ETF IBIT, with a net outflow of $214 million for the day, and the historical total net inflow of IBIT has reached $62.47 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $75.115 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.08%, and the historical cumulative net inflow has reached $53.94 billion.

According to the information released by the SEC, several executives of Robinhood (HOOD) conducted multiple transactions on June 3.General Counsel Daniel Martin Jr Gallagher sold 10,000 shares of the company's stock at an average price of $83.68 per share, totaling approximately $836,800, reducing his holdings to 481,396 shares.Chief Brokerage Officer Steven M. Quirk sold 10,837 shares of the company's stock at an average price of $85.91 per share, totaling approximately $931,000, reducing his holdings to 81,989 shares.Director Meyer Malka purchased 181,000 shares of the company's stock at an average price of $83.45 per share, totaling approximately $15,103,900, increasing his holdings to 7,754,656 shares.

According to on-chain analyst @ai_9684xtpa, a16z affiliated entities have increased their holdings by 90,091 HYPE in the past 10 hours, valued at approximately 5.238 million USD.On-chain data shows that this entity has accumulated a total of 6.996 million HYPE since 2026, with a total value of approximately 327 million USD and an average acquisition price of about 46.85 USD.