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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 monitoring by Lookonchain, F2Pool co-founder Chun Wang (@satofishi) is suspected of increasing his holdings in ETH. A wallet suspected to be related to Chun Wang (0xF42...b51) has withdrawn 17,560 ETH from Binance in the past 16 hours, worth 28.67 million USD.

According to a post by on-chain detective ZachXBT, the prediction market project Rain Protocol ($RAIN), with a market capitalization of approximately $8.8 billion, is facing serious risks. ZachXBT discovered through tracking on-chain addresses that the funding sources of the RAIN team are linked to the Gems hot wallet, and the related addresses had previously transferred funds for failed projects DOP and TOMI, suggesting potential team overlap.TOMI, DOP, and Sirin Labs can all be traced back to the controversial Israeli businessman Moshe Hogeg, who was arrested in 2021 for crypto fraud and was charged by police in 2023 for allegedly being involved in a $290 million crypto scam. Additionally, the price of the RAIN token appears to be subject to on-chain manipulation, with its TVL almost entirely composed of its own native token, which has extremely poor liquidity, and annual fee income of only about $1 million.The launchpad Gems.vip, which incubated several of the aforementioned projects, is reportedly preparing for a new round of presales for the Kai Platform, while the whereabouts of the $162 million raised by DOP remain unclear, with ongoing complaints from retail investors.

According to Arkham monitoring, a wallet suspected to be associated with Arca lost $100,000 on Polymarket. This Polymarket wallet had received deposits from the Arca wallet and was signed by the Arca wallet, spending $100,000 to buy YES in the "Will Microstrategy sell BTC before May 31?" market at an average price of $0.005, which settled at 0 at expiration.

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.

According to Techinasia, AI startup Special, founded by former U.S. government efficiency members Nate Cavanaugh and Justin Fox, has completed a funding round led by Andreessen Horowitz (a16z), with investors including Valor Equity Partners founder Antonio Gracias, former xAI CFO Anthony Armstrong, Steve Davis, Coinbase CEO Brian Armstrong, and Palantir Technologies CTO Shyam Sankar.Special plans to reduce costs through company acquisitions and the use of AI. The company also announced that it has reached an agreement to acquire a healthcare company in Texas, which will incorporate the Figure Health business line focused on the aging population.

According to analyst Yu Jin's monitoring, the crypto asset management firm Abraxas Capital allegedly sold 1,000 BTC during last night's decline, worth $67.49 million. Seven hours ago, it transferred 1,000 BTC to Kraken and subsequently withdrew a total of 52.72 million stablecoins from Kraken, including USDC and USDT.

According to Arkham monitoring, Morgan Stanley's spot Bitcoin ETF MSBT has deposited 71.664 BTC to Coinbase, suspected of conducting a sale operation, valued at approximately 5.09 million dollars based on market prices. After this transfer, the total amount of Bitcoin held by MSBT has decreased to 3,472 coins, valued at approximately 240 million dollars.

According to on-chain analyst Ai Yi's monitoring, the Fenbushi Capital associated address (0xaF3...74446) transferred 11,101 ETH to the Amber Group recharge address 8 hours ago, valued at 21.94 million USD, with a transfer price of 1,977.24 USD.Tracing back shows that the address withdrew a total of 33,398 ETH from Binance between February 2024 and April 2024 at an average price of 3,039.36 USD, with a total value of approximately 101 million USD; based on the current transfer price, if the aforementioned 11,101 ETH were sold, it would incur a loss of 11.79 million USD.

According to Onchain Lens monitoring, BlackRock deposited 929 BTC into Coinbase, worth $67.5 million, and deposited 36,449 ETH, worth $72.23 million, and may continue to deposit more.

According to Cointelegraph, Federal Reserve Governor Christopher Waller and Bank of England policymaker Megan Greene expressed starkly different views on the prospects of stablecoins at the Dubrovnik Economic Conference. Waller stated that the growth in the use of dollar-backed stablecoins could enhance the global influence of U.S. monetary policy, describing stablecoins merely as payment tools, "neither evil nor dangerous," and only bringing competition to the payment sector.Greene, on the other hand, held an opposing view, believing that tokenized deposits could replace stablecoins within a few years, stating, "In five years, we might wonder why we were talking about stablecoins." Greene compared central bank digital currencies to "turtles," stablecoins to "rabbits," and tokenized deposits to "rhinos," predicting that the rhino would ultimately prevail.

After Binance announced the release of a new product on June 1, Zhao Changpeng shared the relevant news and humorously commented, "I hope it's true."Stimulated by the news, the market began to speculate on the new business direction, with some opinions suggesting it may be related to investment channels in the U.S. stock market.

Well-known investor Duan Yongping recently expressed his continued optimism about Pop Mart's future overseas growth potential during discussions with investors. He believes that Pop Mart has high requirements for store location selection, and since quality commercial location resources are scarce, the construction of a global store network will take a long time. With the advancement of the internationalization strategy, the company still has significant store expansion space in overseas markets over the next 5 to 10 years.Recently, Duan Yongping's increased stake in Pop Mart through H&H International Investment has attracted market attention. Public information shows that on May 25, he purchased approximately 9.8232 million shares at about HKD 150 per share, raising his shareholding ratio to 5.69%, making him the company's second-largest shareholder, with a holding market value exceeding HKD 11.7 billion.Driven by market sentiment, Pop Mart's stock price has continued to strengthen recently. Data shows that the company's stock price rose by 8.98% yesterday, and based on the size of his holdings, Duan Yongping's paper profit for the day was nearly HKD 1 billion.It is noteworthy that Duan Yongping's investment attitude towards Pop Mart has undergone a significant change. He had previously publicly stated that he "did not understand" the related business, but as the company's business model gradually matures, he has begun to significantly increase his holdings and is optimistic about the company's long-term development.After becoming the second-largest shareholder, Duan Yongping publicly praised Pop Mart's founder Wang Ning, believing that he has reached a very high level in understanding products and grasping user needs, and stated that he has become a supporter of Wang Ning. He also pointed out that Pop Mart has validated the sustainability of its business model and established strong competitive barriers, possessing long-term investment value.Public information shows that Duan Yongping has further increased his allocation ratio to Pop Mart this year and adjusted some of his holdings in traditional energy sectors to this company, expressing his optimism about its long-term growth prospects.

On-chain monitoring shows that a batch of funds suspected to be related to hacking or phishing activities has recently continued to buy Monero (XMR), with a total purchase scale of approximately 23 million dollars, significantly impacting market prices.

On-chain monitoring shows that the cross-chain bridge Gravity Bridge may have encountered a security incident due to a contract key leak, involving assets such as USDC, WETH, and USDT, with total losses of approximately 5.4 million dollars.

On-chain data shows that Strategy has transferred back 411 BTC previously moved to Coinbase Prime to its own address, and market speculation about its sale of Bitcoin has cooled down.

On-chain data shows that a whale address believed to be associated with a16z has increased its holdings of HYPE again. Since mid-April, its total purchase scale has approached 200 million dollars.