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6/9

06:12

Bitget CandyBomb: Trade BTC, ETH to Unlock 31,500 WLD

Svmuureports that Bitget has launched a new edition of CandyBomb with a total prize pool of 31,500 WLD. This event is exclusively for new futures contract users. By completing specified net deposit and futures trading tasks, individual users can earn up to 315 WLD.
Detailed rules have been published on the official Bitget platform. Eligible users must complete registration before participating in the event. The event ends on June 19, 2024 at 18:00 (UTC+8).

06:11

Solana DEX Weekly Active Traders Surpass 1.2 Million, Ranking First Among All Public Chains

Svmuu News, Dune data shows that as of the latest statistics, the number of weekly active traders on Solana's on-chain DEX is approximately 1.24 million, continuing to rank first among all public chains.
Data reveals that during the same period, BNB Chain had approximately 624,000 weekly active DEX traders, Polygon had about 410,000, Base had around 209,000, and Ethereum had approximately 78,000. Networks such as World Chain, Sui, Arbitrum, Celo, and Optimism each had fewer than 30,000 weekly active DEX traders.
Although it has significantly declined from the peak of over 4.5 million at the beginning of 2025, Solana's current scale of weekly active DEX traders still exceeds 1 million, roughly twice that of BNB Chain. In response, crypto KOL Adam stated: "Putting price factors aside, Solana DEX still has over 1 million active traders every week. If you're still here, know that there are many others persisting alongside you."

Solana DEX Weekly Active Traders Surpass 1.2 Million, Ranking First Among All Public Chains

06:11

SOL Strategies sells 65,000 SOL to repay CAD 5.75 million debt

Nasdaq-listed Solana treasury company SOL Strategies announced that it has repaid approximately CAD 5.75 million in debt by selling 65,001 SOL at an average selling price of CAD 87.88 per coin. This move aims to optimize capital structure and risk management amid market volatility, further improve its balance sheet, and allocate more resources to core operations.

06:10

Gate Direct IPO Officially Launched, First Project SpaceX Opens for Indicative Subscription Applications

Svmuu reported that Gate has officially launched the first project under its IPO Access program, with the initial offering being SpaceX. Users can now submit indicative subscription applications through the Gate platform to participate in IPO investment opportunities for popular companies. This project supports subscription using USDT, with a minimum indicative subscription amount of 100 USDT and a maximum of 500,000 USDT.
The activity adopts an "Indicative Subscription" mechanism, where the platform will calculate the allotment weight based on the user's average locked position during the subscription period. Ultimately, users may receive full allotment, partial allotment, or no allotment, with the specific outcome determined by the project's issuance situation and the actual allotment quota obtained by the platform. After users are allotted shares in the IPO, the corresponding stocks will be directly distributed to their Gate stock accounts. Following the allotment, the relevant stocks will be listed on the Gate stock trading section on June 12, allowing users to directly engage in real stock trading or holding, achieving a seamless connection from IPO subscription to secondary market trading.

06:02

US stock AI concept stocks broadly rose in pre-market trading, with MRVL up over 9.6%

According to MSX.COM data, AI concept stocks broadly rose in US pre-market trading, with MRVL up over 9.6%, MU up over 9.8%, AVGO up over 2.8%, ANET up over 1.38%, and AMD up over 5.14%.
It is reported that MSX is a leading RWA trading platform, having listed hundreds of RWA tokens, covering popular US stocks and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

05:59

SBI Shinsei Bank to Pilot Program Allowing Deposit Interest to Be Exchanged for BTC, ETH, or XRP

Svmuu reported that Japan's SBI Shinsei Bank will launch a pilot program on June 10, allowing customers to convert a portion of their deposit interest into BTC, ETH, or XRP. The initiative uses "interest exchange" as an entry point to introduce crypto assets into traditional deposit products, enabling users to gain cryptocurrency exposure without direct purchase. Future expansion will depend on customer participation and the regulatory environment. (The Block)

05:48

Humility Security Incident Update: $36 Million Stolen, Police Investigation Launched to Recover Funds

Svmuureported that Humility Protocol released a security incident update on the X platform, stating that its H token suffered a coordinated attack on the Ethereum and BSC chains yesterday, with confirmed losses exceeding $36 million in stolen and dumped assets.
Preliminary investigations indicate the incident originated from a compromised employee computer, which led to the leakage of private keys for the multi-signature wallet controlling the Hyperlane Bridge ProxyAdmin. Specifically, the attacker obtained 3 out of 6 private keys of the Gnosis Safe wallet on the Ethereum chain, transferred ownership of the ProxyAdmin to a wallet under their control, upgraded the bridge contract to a malicious implementation, and subsequently transferred approximately 141.2 million H tokens in a single transaction.
Simultaneously, the attacker also gained control of 3 out of 5 private keys of the Safe wallet on the BSC chain, took over the ProxyAdmin using the same method, deployed a malicious contract with unlimited minting functionality, and minted 200 million H tokens in two separate transactions to their own wallet.
Humility stated that it has suspended all deposit and withdrawal operations on the affected bridge services and is collaborating with partners such as exchanges to mitigate losses. Meanwhile, it is cooperating with the police investigation and attempting to recover part of the stolen funds.

05:36

Humanity hacker has minted 300 million H and cashed out $34 million

According to monitoring by on-chain analyst Ember, the "private key leak" has allowed the minting and dumping of H to continue for 13 hours. The so-called "hacker" is still able to mint H on the BSC chain and sell it off, draining every last cent from the pools. The "hacker" has minted 300 million H and sold a total of approximately 450 million H, cashing out $34 million (ETH+BNB). The H pool on BSC has been drained to just $13 in liquidity, and the price of H has plummeted 99.9% to $0.0009. Meanwhile, the perpetual contract price on CEX stands at $0.09, a 100x difference. In essence, they have de-pegged into two unrelated tokens.

05:30

Kraken parent company Payward joins US Tech Force program

Svmuu has learned that Kraken's parent company, Payward, has announced its participation in the White House-backed "US Tech Force" federal technology talent program. The initiative reportedly aims to recruit top-tier engineers to work on key areas such as artificial intelligence, cybersecurity, data modernization, software engineering, and blockchain-based security infrastructure in two-year tenures. Relevant talent will directly participate in federal projects, including the US financial system and defense technologies.
Furthermore, Payward has committed to recruiting talent cultivated by the Tech Force program into its corporate team in the future, establishing a two-way talent flow mechanism between the government and the private sector, and further promoting the integration of decentralized innovation with core US infrastructure.

05:29

Economists expect US May CPI to rise to a three-year high

SvmuuSenior Vice President and Chief Economist Bill Adams of Comerica Bank expects the year-over-year increase in the US May CPI to break through 4%, marking a new three-year high, primarily driven by rising gasoline prices last month. The year-over-year increase in core CPI is expected to remain relatively moderate, close to 3%. The May price increase outpaced the growth in average hourly wages, indicating further erosion of consumers' actual purchasing power.
Meanwhile, the PPI is also expected to record another significant increase, with a higher rate than the CPI, reflecting the impact of the higher weight of petroleum products, metals, and transportation costs in the producer price basket. Additionally, the preliminary June consumer sentiment index released by the University of Michigan is expected to rebound from May's historic low, mainly boosted by the decline in gasoline prices over the past two weeks and the rise in the stock market. (Jin Shi)

05:29

Hong Kong SAR Government Releases "Hong Kong Corporate Treasury Centre Development Action Plan"

Svmuu News Hong Kong SAR Secretary for Financial Services and the Treasury Bureau (FSTB), Christopher Hui, today (9th) announced the "Hong Kong Corporate Treasury Centre Development Action Plan" at the Corporate Treasury Centre Forum. The Action Plan proposes targeted strategies to strengthen Hong Kong's position as a major hub for multinational corporate treasury centres, elevating Hong Kong as a primary base for such centres and reinforcing its platform role for "bringing in and going global."
Compiled jointly by the FSTB, the Inland Revenue Department, the Hong Kong Monetary Authority (HKMA), and Invest Hong Kong, the Action Plan has two major objectives: to attract more multinational corporations to establish corporate treasury centres in Hong Kong and to assist existing corporate treasury centres operating in Hong Kong in scaling up, fully leveraging Hong Kong's comprehensive financial ecosystem. (Greater Bay Area Voice)

05:12

Bitget Wallet Opens SpaceX Tokenized IPO Subscription, Starting at $10 with No Threshold

Svmuu reported that Bitget Wallet has opened subscriptions for SPCXx, the tokenized stock representing the SpaceX IPO, for the first time. The total quota is $3 million, with a minimum purchase of $10 and a maximum of $5,000 per individual, on a first-come, first-served basis.
SPCXx is issued by the tokenized stock trading platform xStocks, with a subscription price of $135. Underwriters will charge an additional 5% fee. Subscriptions open at 16:00 Beijing time on June 9 and close at 16:00 on June 11. After the subscription period ends, SPCXx will be automatically sent to users' wallets, with distribution expected to be completed by 20:30 on June 12. This subscription requires no overseas brokerage/exchange account, VIP level, or holding threshold. Users can pay directly with stablecoins such as USDT and USDC on Base, Ethereum, BNB Chain, Solana, and TRON.
The SpaceX tokenized IPO operates through xStocks, a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are backed by a 1:1 underlying asset collateral from Backed. It is important to note that the subscription price of $135 is not a fixed offering price. The final IPO price will be determined by the issuer and underwriters after comprehensively evaluating order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price range, with the final offering price confirmed closer to the listing date. According to Reuters, the SpaceX IPO will officially begin trading on the Nasdaq on June 12 under the ticker symbol SPCX, planning to issue 555.6 million shares and raise approximately $75 billion.

05:10

SK Hynix surges 13%, while 2x leveraged ETF experiences a "reverse swing" and plummets 40%

Svmuu News The leveraged ETF tracking chip giant SK Hynix, "KIM ACE SK Hynix Individual Stock Leveraged ETF," plunged as much as 40% shortly after the market opened on Tuesday (with the latest decline narrowing to approximately 30%), while SK Hynix's stock price surged over 13% during the same period.
Previously, the ETF showed abnormal volatility on Monday, surging 50% at the close while its underlying tracked stock, SK Hynix, fell nearly 8%. The two consecutive days of "reverse swings" have intensified market scrutiny of the ETF's manager, Korea Investment Management Co. The company stated that the initial anomaly in the $37 million fund on Monday stemmed from a lack of liquidity.
Jung In Yun, CEO of Fibonacci Asset Management, said, "While such price dislocations are rare, they are not unprecedented. ETFs typically rely on market makers to ensure prices align with the underlying assets. However, during Monday's closing auction phase, these safeguards can weaken, especially in niche products with limited trading volume." (Aastocks)

05:07

analysts: Bitcoin demand has dropped to extremely low levels, occurring only three times since 2019

SvmuuNews CryptoQuant analyst MorenoDV pointed out in an analysis that Bitcoin demand has entered one of the most extreme contraction states since 2019. The 30-day combined demand growth for spot and perpetual futures has fallen to approximately -650,000 BTC, a threshold that has only appeared three times in history.
The simultaneous contraction of spot and futures demand indicates that the weakness is not limited to leveraged speculation; institutional buying and derivative exposure are also retreating synchronously. Bitcoin faces fewer marginal buyers and weaker capacity to absorb selling pressure. Historically, the deep support zone of -650,000 BTC usually marks the beginning of a highly volatile market phase, rather than an immediate bottom.

05:02

Binance Alpha Launches Second Wave of KGeN (KGEN) Airdrop Rewards with a Threshold of 241 Points

Svmuureports that Binance Alpha has announced the launch of the second wave of KGeN (KGEN) airdrop rewards. Users with at least 241 Binance Alpha points can claim 160 KGEN tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the score threshold will automatically decrease by 5 points every 5 minutes.
Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha Events page within 24 hours; otherwise, they will be considered to have forfeited the airdrop.

04:52

Backpack Securities Officially Launched: Trade U.S. Stocks and Crypto Assets in One Account

Svmuu reported that Backpack has officially launched its securities business, allowing users to trade real U.S. stocks and ETFs, as well as cryptocurrency, perpetual contracts, and yield-generating products, all within a single account. According to the company, the service operates under the legal framework of New York State, granting users true ownership of securities and supporting features such as cash dividends and inter-transfer between brokerage accounts.
In terms of trading, the platform supports 24/5 trading hours with instant order execution and direct access to public market liquidity. Additionally, Backpack announced that it will implement a zero-fee policy in June to enhance trading efficiency and user experience.

04:49

Serenity Statement: No Paid Partnerships, No Gifts Accepted, Monetization Solely Through X Subscriptions

Svmuu reported that "White Hair Stock Guru" Serenity posted on platform X, stating that with the recent increase in attention, it is necessary to issue a clarification statement, emphasizing that all content is for personal research sharing and does not involve any paid promotion, paid marketing, or external interest exchange. They have never accepted any gifts or paid partnerships from any company in the past or present. Related so-called "paid promotion" content is false information or fraudulent activity using their name. Their only income is approximately $1-level subscription revenue through X platform’s subscription mechanism, and they have not received compensation from any external channel.
Regarding the issue of anonymous identity, Serenity stated that they have previously faced real-world threats and online harassment for publicly expressing views (including opinions on IREN), hence choosing to remain anonymous to ensure personal and surrounding safety. Their goal is to help retail investors through free information integration, rather than selling research content or serving institutions. They thanked X for providing the distribution channel and opportunity, while emphasizing that they will continue to freely publish research opinions as an individual.
Serenity emphasized that their published content is purely out of personal interest, not operated by an institution or research team, and there is no "hidden background" or paid research organization support. They stated that they possess a technical background, primarily conducting analysis and sharing based on interest in global supply chain research. All position information will be truthfully disclosed, and they will not engage in interest negotiations with any institution or individual before publishing opinions to ensure research independence. They do not hold Chinese-related stock positions and have no direct financial incentives. The published content is for reference only.

04:42

Goldman Sachs Sharply Raises Micron Target Price to $900

Svmuu reported that Goldman Sachs released a report, anticipating that sustained market tightness will drive Micron's performance significantly above market consensus expectations and the company's own guidance. The bank had previously raised its overall industry outlook and expects tight conditions to persist throughout fiscal year 2027, leading to higher pricing and margins for the industry.
Given the substantial stock price rally and the potential optimistic sentiment stemming from long-term customer agreements, investor positioning remains very bullish. Goldman Sachs expects Micron's revenue for the fiscal third quarter ending May 31 to be approximately 9% above market consensus, and driven by upward pricing momentum, it guides for significant sequential revenue growth in the final fiscal quarter ending August 31.
The bank estimates last fiscal quarter's revenue, gross margin, and earnings per share at $37.6 billion, 83.4%, and $22.07 respectively, compared to market consensus estimates of $34.4 billion, 81.9%, and $19.74. For fiscal year 2026, Goldman Sachs' revenue/earnings per share estimates for Micron are 30% and 36% above market consensus. Goldman Sachs raised its target price for Micron from $400 to $900, with a "neutral" rating. (Jin Shi)

04:41

Trump says US-Iran negotiations enter "final stretch"

Svmuu News: U.S. President Donald Trump stated that negotiations between the United States and Iran have entered the "final stretch" and a deal is expected to be reached within "two to three days."
While speaking to reporters at John F. Kennedy International Airport in New York on the 9th, Trump said that Israel and Iran, which had previously been "going back and forth," have now "agreed to a ceasefire." "We're in the final stretch, and we're going to have a very, very good deal," he said. When asked how much longer the negotiations would take, Trump replied, "Two to three days."
From the evening of the 7th to the 8th local time, Iran and Israel engaged in their largest exchange of fire since the ceasefire was announced by the U.S., Israel, and Iran in early April. Later on the 8th, both Iran and Israel declared a halt to attacks on each other. Trump has repeatedly stated in recent days that an agreement with Iran is imminent, but as of now, none has been reached. (Xinhua News Agency)

04:39

USDD Publishes May Transparency Report: Circulation Reaches $1.44 Billion, Ecosystem Expansion Accelerates

Svmuu reports, decentralized stablecoin USDD has published its May transparency report. Data shows that as of the end of May, USDD's total collateral assets reached $2.2 billion, with a circulation of $1.44 billion and an over-collateralization ratio maintained at 154.65%, indicating strong risk buffer capacity. Additionally, the Smart Allocator's cumulative earnings reached $18.34 million, with new earnings in the month amounting to $2.1 million, a month-over-month increase of 12.94%.
In terms of ecosystem progress, sUSDD has officially launched on the Pendle fixed-income market, providing users with more yield options; it continues to adopt a 100% on-chain verifiable reserve mechanism and is advancing multi-platform incentive plans to accelerate ecosystem expansion.

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