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6/5
03:05
Svmuureports that CryptoQuant analyst Axel Adler Jr stated that Bitcoin is once again testing the February low of approximately $62,000, while the current 7-day net realized loss has reached about $7 billion, higher than levels at the February low, but still below the peak loss of around $14 billion during the winter market panic.
Axel Adler believes that, unlike February of this year, selling pressure in this market cycle has not diminished as it approaches the low point but has instead continued to intensify, indicating that the current bottom testing is facing stronger capitulation pressure, and the market has yet to signal a rapid rebound. As long as BTC remains above $54,000, the market has not yet entered a full capitulation phase; if it breaks and stays below the February low, it may further test the network-wide cost support zone near $54,000.
Axel Adler Jr pointed out that BTC prices have clearly fallen below the cost basis of short-term holders (STH) of approximately $76,000, and the market is attempting to break below the February low. If it declines further, the only major supports left are the network-wide average realized price of around $54,000 and the cost basis of long-term holders (LTH) of about $49,000. These two zones have historically corresponded to the full capitulation phase and the formation range of cycle bottoms.
03:01
Svmuureported that according to an official announcement, Binance has decided to delist the spot trading pairs for Contentos (COS), DarOpenNetwork (D), Highstreet (HIGH), and MOBOX (MBOX) at 03:00 (UTC) on June 19, 2026. At the same time, related products such as trading bots, margin, perpetual contracts, Earn, Convert, and gift cards will also gradually cease services, with deposit and withdrawal services concluding after June 20 and August 19, 2026, respectively.
02:57
According to on-chain analyst Ai Yi's monitoring, the privacy sector leader ZEC plummeted 43% in 24 hours, erasing nearly two months of gains. Garret Jin's short position worth $19.45 million has generated an unrealized profit of $16.48 million, with a return rate as high as 137.8%. The opening price was $626.47, and the current price is $327.59. The unrealized profit from this staggering trade is even approaching the amount needed to cover his unrealized loss in BTC ($18.14 million). He is now also the TOP1 account for unrealized profits in ZEC on Hyperliquid.
02:48
According to on-chain analyst Ember's monitoring, ETH has been dropping by over $100 daily in recent days. The largest ETH long on Hyperliquid opened a 120,000 ETH long position at an average price of $2,261, valued at $271 million, currently facing a floating loss of $73.66 million. The liquidation prices for its multiple positions are between $1,300 and $1,400. After adding $26 million in margin in recent days, the liquidation price for the position has decreased.
02:47
Svmuu News: South Korean police are investigating local users of the prediction market platform Polymarket on suspicion of illegal gambling. Polymarket is classified as private gambling in South Korea and is considered illegal under current law. According to police sources, the Gangwon Provincial Police Agency was recently commissioned by the National Police Agency to launch an investigation into domestic Polymarket users. This marks the first such operation targeting domestic users and covers the entire country, including Gangwon Province. Under Article 246 of the South Korean Criminal Code, all forms of gambling are illegal except for Sports Toto, which is operated by the Korea Sports Promotion Foundation and has a betting limit of 100,000 won. Users involved in this case could face fines of up to 10 million won. Lawyers representing some of the users under investigation have pointed out that while the cases meet the legal criteria for illegal gambling, the severity of penalties remains difficult to predict as there are no precedents in the country for penalties imposed specifically for using Polymarket. Currently, accessing Polymarket does not require the use of IP proxies or similar methods, and the platform imposes no restrictions even when South Korean users place bets using USD-pegged stablecoins. The June 3 local elections have become a popular betting target, with the amount of money involved in gambling reaching hundreds of billions of won. (Chosun)
02:42
Svmuu reported that according to Coinglass data, total liquidations across the network expanded to $515 million over the past hour, including $459 million in long liquidations and $50.11 million in short liquidations. Additionally, ETH liquidations reached $170 million, while BTC liquidations reached $143 million.
02:35
Svmuu reported that according to MSX.COM data, the Nikkei 225 index closed down 1.31% at 66,588.12 points; South Korea's KOSPI index closed down 5.54% at 8,160.59 points. SK Hynix fell nearly 10%, and Samsung Electronics dropped over 6%.
02:33
Svmuureports that Mynth has announced it will cease operations. According to the announcement, the team began building the cross-chain protocol three years ago, but protocol usage did not reach the level necessary for sustainable operations and continued expansion. It could not maintain its past pace of innovation nor expand to more blockchains. Mynth will discontinue support for the hosted infrastructure running Novaswap, and all operations will cease at 7:00 AM Beijing time on July 1. User funds remain secure and non-custodial, requiring no action from users; swaps will continue to be processed until that time. The team will provide support via Discord until the end of July.
02:29
Svmuu News: Driven by profit-taking in AI-related assets and a decline in market risk appetite, Bitcoin has fallen to around $62,000, marking a cumulative drop of nearly 16% from last week’s high of over $74,000.Market analysts believe that if the $60,000 psychological level is breached, the next key technical support level for the Bitcoin could be around $55,000.Additionally, the U.S. spot Bitcoin ETF has recorded net outflows for 15 consecutive trading days, totaling over $4.7 billion, while Strategy disclosed this week that it sold Bitcoin for the first time since 2022, further dampening market expectations of institutional buying.
02:19
Svmuu reports that the World Semiconductor Trade Statistics (WSTS) organization has released its spring 2026 semiconductor market forecast, significantly raising its growth expectations for the global semiconductor industry in 2026 and 2027.
The data shows that, driven by exceptionally strong market performance at the end of 2025 and the beginning of 2026, WSTS projects the global semiconductor market will achieve 90% year-over-year growth in 2026, reaching a total size of $1.51 trillion. The accelerated growth of the global semiconductor market is primarily driven by the memory chip sector. In 2026, memory chip sales are expected to rise approximately 250% year-over-year, exceeding $800 billion. The sustained robust demand for artificial intelligence infrastructure, high-bandwidth memory (HBM), and accelerated computing platforms remains the core growth driver for the entire semiconductor industry. (Jin Shi)
02:18
Svmuu reports that OKX market data shows HYPE has dropped below 60 USDT, currently trading at 59.348 USDT, with a 24-hour decline of 18.04%.
02:16
Svmuu reports that OKX market data shows BTC has dropped below 62,000 USDT, currently trading at 61,983.3 USDT, a 24-hour decrease of 3.61%.
02:16
Svmuureports that Coinglass data shows total liquidations across the network reached $190 million in the past hour, with long position liquidations at $182 million and short position liquidations at $8.19 million. Additionally, ETH liquidations amounted to $84.35 million, while BTC liquidations reached $44.1 million.
02:14
Svmuu reported that, according to Onchain Lens monitoring, as ETH trades below $1,700, an address suspected to be associated with BIT holds a 15x to 20x long position of 120,000 ETH, currently showing an unrealized loss of over $69 million and having paid $1.86 million in funding fees.
02:07
Svmuu reported that “New Stock God” Serenity posted on X platform to clarify that he does not currently hold any shares of Harmonic Drive, and the related views are solely public research sharing. He further added that Harmonic Drive holds a key position in the humanoid robot industry chain, with its products expected to cover a significant portion of the manufacturing processes for humanoid robots. Currently, companies like AGIBot and Unitree have just entered the scale-up stage, with AGIBot’s cumulative shipments reaching only about 10,000 units. Therefore, the P/E valuations of related companies are generally high at this stage.
However, Serenity pointed out that capital markets typically price in future growth expectations in advance. If manufacturers like Tesla Optimus and Unitree achieve mass production of tens of millions or even hundreds of millions of robots in the coming years, and with trillions of dollars flowing into the humanoid robot industry, even if Harmonic Drive only captures about a 5% market share of core robot components, its valuation could be significantly higher than its current market capitalization.
Based on comprehensive research of the industry chain, Serenity stated that Harmonic Drive is currently one of the highest-exposure targets he has identified related to the development of the humanoid robot industry.
02:05
According to SoSoValue data, yesterday (Eastern Time June 4), Bitcoin spot ETFs recorded a total net inflow of $3.0468 million.
The Bitcoin spot ETF with the largest single-day net inflow yesterday was Blackrock's ETF IBIT, with a net inflow of $47.6599 million. IBIT's total historical net inflow has now reached $62.683 billion.
This was followed by the Morgan Stanley ETF MSBT, which saw a single-day net inflow of $9.8652 million, bringing its total historical net inflow to $264 million.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was the ETF ARKB from Ark Invest and 21Shares, with a net outflow of $20.7186 million. ARKB's total historical net inflow currently stands at $1.208 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is $80.399 billion, with the ETF net asset ratio (market cap relative to Bitcoin's total market cap) reaching 6.3%. The historical cumulative net inflow has reached $54.266 billion.
Bitcoin spot ETFs saw a total net inflow of $3.0468 million yesterday, marking the first net inflow after 13 days of net outflows
02:02
According to SoSoValue data, on June 4 (Eastern Time), Ethereum spot ETFs recorded a total net inflow of $19.3019 million.
The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock's ETHA, which saw a net inflow of $19.3019 million. The total historical net inflow for ETHA has now reached $11.323 billion.
As of press time, the total net asset value of Ethereum spot ETFs stands at $9.778 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market cap) at 4.57%. The cumulative historical net inflow has reached $11.206 billion.
Ethereum spot ETFs saw a total net inflow of $19.3019 million yesterday, marking the first net inflow after 17 consecutive days of net outflows.
02:00
Svmuu reported that MarketCards' official website shows its first MintBox has received subscriptions exceeding $300,000 within just 22 hours of launch, with the current subscription rate reaching 101.6%. The subscription window will close in 66 hours.
This MintBox adopts an oversubscription model, publicly releasing 100% of the tokenized rights to rare cards (all are one-of-one unique pieces) to all participants. Users participate using USDC, and the platform will allocate the tokenized rights to winning users through a public and verifiable lottery mechanism.
At 16:00 Beijing time on June 8th, secondary trading of the tokenized rights will commence.
01:56
Svmuureported that NVIDIA CEO Jensen Huang stated that the three major memory chip manufacturers have been approved to supply the most advanced high-bandwidth products for NVIDIA's AI accelerators. This decision means that SK Hynix, Samsung Electronics, and Micron Technology can begin mass production and supply of HBM4, the latest generation of chips used in NVIDIA's AI accelerators.
These three companies dominate the global market for computing memory semiconductors and have been fiercely competing for business share. Huang told reporters upon arriving in Seoul for a multi-day visit: "All three suppliers have been certified." He added: "All three companies have started production and are racing to support Vera Rubin." Vera Rubin is NVIDIA's latest AI chip. (Jinshi)
01:47
Svmuu News: The U.S. May nonfarm payrolls report is scheduled for release tonight at 8:30 p.m. The market anticipates a slight decline. This will be the first nonfarm payrolls report since the appointment of the new Federal Reserve Chair, Wosh, and it will serve as the first substantive test of her policy stance.Earlier, the "ADP" data unexpectedly exceeded expectations, highlighting strong resilience. Meanwhile, the outlook for a U.S.-Iran peace agreement remains unclear, and geopolitical uncertainties persist. Significant market volatility is anticipated at that time, so please be mindful of the risks. (Jin Shi)

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