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04:29

Jiang Zhuoer: I have repurchased my entire ETH position at $1,645 and expect to sell after a rebound within the next 1–3 days.

Svmuu reported that Jiang Zhuoer, founder of Leibite Pool, stated on the X platform that he has bought back all of his previously sold Ethereum positions at an average price of $1,645. He had previously liquidated these positions when ETH was trading between $2,200 and $2,400. He believes that Bitcoin is still in a downtrend, but since the $61,000 level has been tested twice without breaking down, a rebound is likely. He expects to sell again after a market rebound within 1-3 days.

04:26

ZEC Treasury Company Cypherpunk Responds to Price Volatility: All Software Has Vulnerabilities, Zcash Will Demonstrate Security Capabilities

Svmuu, Cypherpunk, the company managing the ZEC treasury, stated that all software has vulnerabilities. Historically, Bitcoin once "over-minted" 184 billion BTC due to a bug. However, this does not mean abandoning blockchain technology; rather, security should be enhanced through formal verification and provable correctness.
Cypherpunk emphasized that with the development of AI technology, vulnerability detection will become faster and broader, but the key lies in who can discover issues before malicious actors. Zcash will demonstrate this capability through an upcoming update.

04:14

Hong Kong Hang Seng Tech Index closed down 1.75%, with memory concept stocks leading the decline

According to data from MSX.COM, the Hang Seng Index closed down 1.15%, while the Hang Seng Tech Index fell 1.75%. Memory concept stocks led the decline, with the Southern 2x Leveraged SK Hynix ETF falling over 19%, the Southern 2x Leveraged Samsung Electronics ETF dropping over 13%, Montage Technology falling over 9%, and GigaDevice declining over 8%. The AI application sector also fell, with MINIMAX-W down over 16% and Zhipu AI dropping over 9%. The semiconductor sector weakened, with Hua Hong Semiconductor falling over 7% and SMIC declining over 7%.

04:06

With just one week until the 2026 World Cup kicks off, Predict.fun shows Spain and France as co-favorites to win, with England and Portugal right behind.

Monitoring by the Svmuu Seer Channel shows that in the Predict.fun "2026 World Cup Winner" prediction market, Spain and France are tied for the top spot with a 17% probability each. England ranks second with a 12% chance of winning, followed closely by Portugal with a 10% probability. To date, the total trading volume for the Predict.fun "2026 World Cup Winner" event contract has exceeded $260 million.
The 2026 World Cup will officially kick off next Friday at 3:00 AM Beijing time on June 12th. This edition of the tournament will be jointly hosted by the United States, Mexico, and Canada, making it the first World Cup in history to be co-hosted by three countries. The number of participating teams has expanded to 48.
The Svmuu Seer Channel continues to monitor the prediction market, observing changes before the pricing is set.

04:04

“New Stock God” Serenity and Garrett Jin Debate Timing for Entering the A-Share Robotics Track

Svmuu reported that “New Stock God” Serenity and Garrett Jin are debating the timing for entering the A-share robotics track. Serenity previously posted on platform X, stating that humanoid robotics is the most favored Chinese listed target, but Garrett Jin, the proxy for the “1011 Insider Whale,” believes it is now too late to call it out, suggesting Serenity might be trying to get followers to buy at the top. This morning, Serenity made the first call for A-share stock “Leaderdrive,” and its share price has already hit the daily limit (20%).

04:04

Binance to Support NEAR Protocol Network Upgrade and Hard Fork on June 10

Svmuu reports that Binance has announced it will suspend deposits and withdrawals for the NEAR Protocol (NEAR) network at approximately 07:00 (Beijing Time) on June 10, 2026, to support its network upgrade and hard fork. The project team expects to execute the network upgrade and hard fork at 08:00 (Beijing Time) on June 10, 2026.

04:00

Over the past 24 hours, ZEC liquidations have exceeded $100 million, with most of them being long positions.

According to Coinglass data, ZEC liquidations surpassed $108 million in the past 24 hours, with long liquidations reaching $76.96 million and short liquidations totaling $30.85 million. The largest single liquidation was $4.658 million. Today's Zcash (ZEC) liquidations were primarily concentrated on Binance (38.75%), Hyperliquid (36.95%), and Bybit (8.26%), indicating a high concentration of active leveraged trading on these exchanges.

03:46

MGBX will launch BTWUSDT, EWTUSDT, and LLYUSDT perpetual contract trading pairs

Svmuu reported that according to official sources, MGBX will launch BTWUSDT, EWTUSDT, and LLYUSDT perpetual contract trading pairs at 18:00 (SGT) on June 5, 2026.
Trading opening time: 18:00 (SGT) on June 5, 2026
Leverage: BTW and EWT support up to 25x; LLY supports up to 20x

03:45

Analysis: Tonight's Non-Farm Payroll Data Could Become a New Excuse to Reduce AI Bets, Broadcom’s Results Trigger AI Overheating Alarm

Svmuu reported that emerging market assets fell for a third consecutive session, led by a decline in South Korean stocks, as investors’ enthusiasm for artificial intelligence stocks waned. The MSCI Emerging Markets Index fell 1.7% to 1728.66 points, while South Korea's KOSPI index once plummeted 7% on Friday.
Chipmakers such as Samsung Electronics and SK Hynix led the decline after Broadcom’s AI chip sales outlook fell short of overly high market expectations. These two companies together account for more than half of the KOSPI's total market capitalization. After two consecutive weeks of gains, emerging market stocks and currencies are expected to record weekly losses this week.
Charu Chanana, Chief Investment Strategist at Saxo Markets, said: “Broadcom is a trigger, reminding the market just how excessive expectations have become. Investors have priced in a lot of perfection for AI, so even a small disappointment can lead to a rather sharp revaluation. If non-farm payroll data comes in stronger than expected, it could become another excuse to cut back on AI investments." (Jinshi)

03:44

Gate ETF will list SPCX3L/3S (SpaceX), MRVL3L/3S (Marvell Technology) and other ETF trading pairs

Svmuu reported that according to official news, Gate ETF will list SPCX3L/USDT, SPCX3S/USDT, MRVL3L/USDT, MRVL3S/USDT, ANTHROPIC3L/USDT, ANTHROPIC3S/USDT, OPENAI3L/USDT, and OPENAI3S/USDT at 17:00 (UTC+8) on June 5, supporting 3x long/short positions on SPCX (SpaceX), MRVL (Marvell Technology), ANTHROPIC (Anthropic), and OPENAI (OpenAI) respectively. Gate ETF currently supports trading in 358 tokens.
In addition, Gate ETF will launch an ETF new listing trading challenge from 18:00 on June 5 to 18:00 on June 14 (UTC+8). Users participating in trading SPCX3L/3S, MRVL3L/3S, ANTHROPIC3L/3S, and OPENAI3L/3S can share rewards of 50,000 USDT. Users with a daily trading volume ≥1,000 USDT can check in to randomly receive 20–100 USDT, with a cumulative maximum of 1,000 USDT. If the total user trading volume reaches ≥3,000 USDT, participants can share an additional 30,000 USDT reward pool based on their trading volume proportion, with a maximum of 200 USDT per person. Furthermore, by inviting friends to trade, users can win blind box rewards of up to 500 USDT.

03:41

Nvidia CEO Jensen Huang’s First Stop in Korea: Meeting Faker, Calling Korea the Birthplace of Esports

Svmuu reported that Nvidia CEO Jensen Huang’s first stop in Korea was at the T1 base in Hongdae, Seoul, where he met with Lee “Faker” Sang-hyeok, a player from the League of Legends team T1, drawing significant attention from the esports community.
Huang stated that South Korea is the birthplace of esports and the shaper of spectating culture, noting that numerous top Korean players have contributed to the success of GeForce graphics cards. He emphasized that Korea holds a special place in his heart and is also a very important market for Nvidia, adding, “We are your fans too.”
The meeting took place at the T1 base, with T1 players Doran, Oner, Peyz, Keria, and T1 COO Ahn Woong-ki in attendance. This discussion built upon their previous collaboration around projects like VALORANT and was themed around “PC Bang Player Meet-up.” During the interactive session, when Faker was asked about the graphics card he uses, he replied “5070,” sparking attention.
Huang also introduced Nvidia’s next-generation AI PC platform, RTX Spark, stating it will become the new computing architecture for the future AI era. Faker expressed that the meeting with Nvidia’s CEO was very meaningful and thanked the technology and industry support that has helped the development of professional esports. (Zdnet)

03:38

Hex Trust's affiliated entity has accumulated 72.23 million H tokens over the past 4 hours, accounting for 2.55% of the token's circulating supply

According to monitoring by on-chain analyst Ai Yi, an entity affiliated with Hex Trust has accumulated 72.23 million H tokens over the past 4 hours, representing 2.55% of the token's circulating supply. In April, the foundation made significant adjustments to the token vesting schedule for early investors, either extending the unlock period or distributing the full token amount at a discount (a 70% reduction) in a single payment on June 26. Hex Trust is one of the strategic investors, and it remains unclear whether this asset transfer is related to the upcoming unlock.

03:37

Asia-Pacific stock markets saw semiconductor stocks plunge sharply: Samsung Electronics fell over 6%, SK Hynix dropped nearly 10%

According to MSX.COM data, most major Asia-Pacific stock indices declined today. A-shares and Hong Kong stocks experienced volatility throughout the day, with the Nikkei 225 index dropping nearly 900 points intraday and the Korea Composite Stock Price Index falling over 5.5%.
Specifically, by the close, the ChiNext index fell over 3%, the STAR Composite Index and the Shenzhen Component Index dropped over 2%, and the Shanghai Composite Index declined about 0.7%. The trading volume on the Shanghai and Shenzhen stock exchanges reached 3.07 trillion yuan, an increase of 311.5 billion yuan from the previous trading day. More than 3,200 stocks across the market rose. The robotics concept surged against the trend, with Zhongda Lide hitting its daily limit twice in four days, while Leader Drive, Keli Motor, and Guangyang shares hit their daily limits. Semiconductor industry chain sectors such as memory chips and CPO led the declines, with Wit-O dropping nearly 13%, Biwin Storage and Longsys falling over 8%, and the trillion-yuan heavyweight Zhongji Innolight declining nearly 8%.
In Hong Kong stocks, a broad sell-off in semiconductors caused the Hang Seng Tech Index to expand its afternoon decline to 2%. As of press time, Uboholdings fell nearly 15%, Montage Technology and GigaDevice dropped over 9%, Hua Hong Semiconductor declined over 7%, and SMIC fell over 6%. The AI application sector continued to slide, with MINIMAX-W falling over 15%, Xunce dropping over 10%, and Zhipu declining over 9%.
In Japanese and South Korean stock markets, semiconductor stocks broadly declined, with SK Hynix falling nearly 10%, Samsung Electronics and Tokyo Electron dropping over 6%, and Advantest declining nearly 5%.

03:33

Hong Kong Monetary Authority Establishes Expert Group on Tokenized Bonds

Svmuu reported that the Hong Kong Monetary Authority announced today the establishment of an Expert Panel on Tokenized Bonds, bringing together industry representatives with relevant experience and an interest in the development of Hong Kong's tokenized bond market, to further promote the application and growth potential of tokenized bonds in Hong Kong. The expert panel includes representatives from industry associations, financial institutions, legal advisory firms, and financial infrastructure and technology providers. Building on the progress made to date in the HKMA’s various tokenized bond-related initiatives, the expert panel will jointly explore policy measures, market practices, and innovative solutions.

03:32

Binance to Adjust Tick Sizes for Multiple USDT-M Perpetual Contracts

Svmuureports that, according to official announcements, Binance will adjust the tick sizes for six USDT-M perpetual contracts – HOMEUSDT, RONINUSDT, THEUSDT, MELANIAUSDT, LAUSDT, and XPLUSDT – at 11:00 (Beijing Time) on June 6, 2026. For specific adjustment details, please refer to the official announcement. This adjustment will not affect existing orders or contract trading operations.

03:25

“Wall Street Oracle” Warns: Market “Digestion” Period Approaches, Major Moves Expected After US Midterm Elections

Svmuu reported that Fundstrat strategist Tom Lee stated in a CNBC interview that the current market is in a cycle that could be divided into three phases, with the second phase potentially seeing a correction resembling a bear market.
Lee, known for his long-standing bullish stance and successful calls on bull market trends in recent years, now believes the short-term market path will not be smooth sailing.
As of early June, the S&P 500 index has risen nearly 11% year-to-date, despite challenges including early-year skepticism over AI prospects, and inflationary pressures from the Iran war pushing up energy prices.
Lee pointed out that corporate earnings significantly exceeding expectations are a key driver of the market rally. The market had generally anticipated first-quarter earnings per share (EPS) of around $70, but actual figures came in at about $80.
He noted that if this trend continues, it would add roughly an additional $40 in EPS for the full year, potentially pushing the S&P 500 index up by another 800 to 1000 points.
According to Lee's assessment, the first phase still favors an upward trend. With the S&P 500 index slightly above 7,560 points as of June 3, 2026, he sees room for short-term upside, possibly rising to around 7,700 points.
The second phase could arrive soon and become the market's “digestion period.” In the CNBC interview, Lee stated: “Between now and October, the market needs to digest multiple factors.” The sources of pressure he listed include policy uncertainty stemming from the new Federal Reserve chair, energy shocks (especially shortages of petroleum products and lubricants), and additional stock supply from IPOs and lockup expirations of companies such as SpaceX, OpenAI, and Anthropic. (Jin Shi)

03:24

Foreign Ministry: Artificial intelligence is not the exclusive domain of major powers, and should not be allowed to descend into competition and confrontation

Svmuu News: Foreign Ministry spokesperson Mao Ning stated during a regular press conference on June 5 that artificial intelligence is profoundly changing the way people produce and live, becoming a new subject that humanity needs to face together. AI is not the exclusive preserve of major countries, nor should it devolve into competition or confrontation. This July, China will host the 2026 World AI Conference and High-Level Meeting on Global AI Governance in Shanghai. It looks forward to using this conference as an opportunity to engage in in-depth exchanges and dialogues with all parties, strengthen global AI governance, and promote AI to serve the well-being of all humanity. (Xinhua News Agency)

03:22

Analyst: Gold Futures Technical Chart Still Bearish

According to an analysis by Joseph Chai, an analyst at RHB, in a report, the bearish technical pattern for Comex gold futures remains intact based on the daily chart. The analyst stated that although the latest bullish candlestick pattern suggests selling pressure is taking a "minor breather," the overall technical outlook remains bearish. Chai noted that the market should focus on the fact that futures prices are still trading below the 20-day and 50-day simple moving averages. (Jin Shi)

03:18

Whale Loracle's long positions suffer total loss of $6.65 million, with ZEC long position losing over $3.2 million

According to Onchain Lens monitoring, as ZEC and HYPE continue to decline, whale Loracle's 10x leveraged long position in ZEC has suffered losses exceeding $3.2 million, and the 2x leveraged long position in HYPE has lost $1.567 million. The whale also holds long positions in NEAR, TON, ASTER, and XMR, with total losses amounting to $6.65 million.

03:14

Token Inflation Confirmed? ZEC Halves in a Day

Svmuu reported that OKX market data shows ZEC dropped to 250 USDT and is currently trading at 263 USDT, representing a 24-hour decline of 54.61%.
Earlier reports indicated that Zcash fixed a vulnerability that could allow unlimited minting of ZEC. Due to the nature of privacy pools, it is impossible to verify whether this vulnerability was exploited, but it also cannot be proven that it was used to mint additional ZEC tokens.

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