News linked to both this project and an event.
Bitget has launched a new edition of CandyBomb, with a total prize pool of 165 HYPE. This event is exclusively for new futures contract users. Participants who complete the specified net deposit and futures trading tasks can earn a maximum of 1.65 HYPE per person.Detailed rules have been announced on the official Bitget platform. Eligible users must click "Join Now" to register before participating. The event ends on June 8 at 18:00 (UTC+8).
according to monitoring by on-chain analyst Ai Yi, Garret Jin's counterparty account Evaded (0x865...6120d) holds $96.11 million in BTC and ETH short positions, with an unrealized profit of $2.506 million. The account is shorting 960 BTC at 30x leverage, with an opening price of $75,991, a position value of $70.79 million, and an unrealized profit of $2.177 million; it is shorting 12,600 ETH at 25x leverage, with an opening price of $2,033.3, a position value of $25.31 million, and an unrealized profit of $316,000. The account has set a stop-loss price of $76,000 for the BTC short position and a stop-loss price of $2,080 for the ETH short position.
Julio Moreno, Head of Research at CryptoQuant, stated that the accumulation of Bitcoin holdings by whales and dolphins has stalled, reflecting persistently weak new demand and indicating that the current market structure resembles the bearish phase of 2022. According to the report, the year-on-year contraction rate of balances held by whales (those holding 1,000–10,000 BTC) is the fastest this year; while balances held by dolphins (those holding 100–1,000 BTC) remain year-on-year positive, they have fallen significantly below trend. Meanwhile, long-term holder supply has risen to 15.8 million BTC, whereas short-term holder supply has declined from 6.4 million BTC in December 2025 to approximately 4.2 million BTC.
according to Ember monitoring, a whale borrowed 50 million USDT from Spark to purchase 20,000 ETH, valued at approximately $40.2 million. This whale had previously spent $500 million to buy BTC and ETH in early February and liquidated 4,000 cbBTC last month, and has now bought ETH again after a month.
Odaily reports, according to Onchain Lens monitoring, a whale withdrew 450 BTC, worth $33.35 million, from Binance over the past 24 hours. The whale has accumulated 767 BTC, worth $56.45 million, over the past 3 months, currently facing an unrealized loss of $1.77 million.
according to Lookonchain monitoring, U.S. Bitcoin ETFs experienced a net outflow of 9,012 BTC today, Ethereum ETFs saw a net outflow of 40,247 ETH, and Solana ETFs registered a net inflow of 2,401 SOL.
Odaily Odaily French semiconductor company Sequans Communications stated on Thursday that it has completed the redemption of all debt related to its Bitcoin treasury, marking its official exit from the previous crypto asset treasury strategy and a refocus on the Internet of Things (IoT) and cellular semiconductor business. The company stated that this debt repayment was mainly completed by selling approximately 80% of its Bitcoin holdings. Sequans currently holds only 658 BTC, which are now “completely unencumbered.” The company said it will gradually “monetize” the remaining Bitcoin in the future, but did not specify whether it will continue selling or use on-chain methods such as collateralization.Sequans CEO Georges Karam stated that this debt cleanup “marks an important turning point,” with the company having strengthened its balance sheet, simplified its capital structure, and will now fully concentrate on the 4G/5G IoT chip business, including applications such as smart metering, asset tracking, connected vehicles, and industrial IoT.In retrospect, Sequans initiated its Bitcoin treasury strategy in June 2025, planning to substantially increase its BTC holdings. However, it gradually reduced its position amid market fluctuations, ultimately exiting the strategy entirely during the current cycle. Although the company's stock price saw a slight increase on the day, it has cumulatively fallen by over 90% from its peak during the Bitcoin boom. (The Block)
According to on-chain analyst Onchain Lens (@OnchainLens), “Brother Maji” has again suffered a full liquidation of his 25x-leveraged long ETH position on HyperLiquid, incurring a single-loss exceeding $1 million. His current total losses have surpassed $33.5 million, and cumulative losses since September 2025 have exceeded $78.38 million. Despite this, Machi has once again deposited $250,000 in USDC to increase his leveraged ETH long position (25x) and open a new 40x-leveraged long BTC position.
Odaily报道, “BTC OG insider whale” Garrett Jin has released his “Weekly Market Strategy Signal.” In his analysis, he points out that the current geopolitical situation and the trajectory of the US dollar are deadlocked: despite US strikes on Iranian-related targets, tensions in the Strait of Hormuz remain unresolved. Although US Secretary of State Rubio signaled “positive news,” the peace agreement proposed by Iran has already been vetoed by the White House.Long-term US Treasury yields continue to hover in the 5.07% – 5.18% range, reaching their highest levels in 19 years. The S&P 500 index briefly hit a new high before quickly pulling back. Garrett Jin believes that a single positive or negative catalyst is insufficient to change the market landscape. Only when at least two of the three key factors—the credit environment, Federal Reserve policy, and geopolitical conditions—converge can the market experience a substantial shift.On another front, capital expenditure in the AI sector is accelerating its shift from the United States to Asia. ByteDance plans to increase its capital expenditure to as high as $70 billion this year, while Tencent and Alibaba are also ramping up their investments. Competition in the AI arena has now escalated to the level of national competition.
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock deposited 3,900 BTC (approximately $286 million) and 31,702 ETH (approximately $63 million) into Coinbase, totaling approximately $349 million.
According to on-chain analytics platform Lookonchain (@lookonchain), a trader with the address “0x0df2” deposited 6.2 BTC (approximately $455,000) on HyperLiquid to open a short position of 145.42 BTC (approximately $10.66 million), realized a profit of $311,600, and swiftly closed the position. Immediately thereafter, the trader opened a long position of 416.6 BTC (approximately $30.6 million) with the maximum leverage of 40x; the take-profit price was set at $74,400 (projected profit: $439,000), and the liquidation price stands at $72,430.
according to Hyperbot data, pension-usdt.eth continues to increase its BTC short position, reaching a position size of 100 million USD, with an unrealized loss of 5.6 million USD.
according to on-chain analyst Ai Yi's monitoring, Garret Jin has increased his BTC 5x long position to 1268.33 coins, valued at $92.38 million, with an opening price of $76,117. He currently has an unrealized loss of $4.098 million; his ZEC short position currently has an unrealized profit of $5.82 million, and his overall account remains profitable. Garret Jin had previously opened BTC and ETH short positions worth over $1.1 billion just before the 1011 flash crash, generating profits exceeding $160 million; in December last year, he opened long positions for BTC, ETH, and SOL worth up to $700 million, which were later liquidated in a single day, resulting in a loss of $230 million.
According to Lookonchain monitoring, a whale associated with BIT created a new account and deposited 5 million USDC, then opened a 20x leveraged long position of 500 BTC, with a position value of approximately $36.5 million.
According to on-chain analytics platform Lookonchain (@lookonchain), the swing-trading whale “pension-usdt.eth” — which had held ETH short positions at a loss for nearly two months — closed its position today, ultimately realizing a profit of $1.13 million and extending its winning streak to 21 consecutive trades. The whale currently still holds 1,000 BTC, valued at approximately $73 million, with an unrealized loss of roughly $4.98 million.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale Evaded (@ICanPlug) has opened a new 25x-leveraged short position on 12,600 ETH and continues holding a 30x-leveraged short position on BTC; its current unrealized profit exceeds $1.6 million. Meanwhile, Machi’s (@machibigbrother) 25x-leveraged long position on ETH has again suffered partial liquidation; it remains open but is now down over $33.39 million, nearing its next liquidation threshold.
Odaily reports, according to Onchain Lens monitoring, whale "pension-usdt.eth" has closed its 3x leveraged Ethereum short position, profiting $1.34 million. The whale still holds a 3x leveraged Bitcoin short position of 1,000 BTC, with an unrealized loss exceeding $7.36 million.
According to Lookonchain monitoring, US Bitcoin ETFs saw a net outflow of 3,638 BTC today, Ethereum ETFs had a net outflow of 9,603 ETH, and Solana ETFs posted a net inflow of 2,859 SOL.
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
Odaily, McKenna, a partner at Arete Capital, shared a bullish outlook, stating that HYPE has firmly established itself at its all-time high, with a first target price of $84. Based on the recent strong momentum, he expects it to surpass $100 in less than 12 months.McKenna specifically noted that the HYPE spot ETF has seen strong capital inflows since launching in the $50 range, proving that traditional financial institutions are eager to enter at this price level. Data shows that the HYPE ETF absorbed over $72 million shortly after listing, with institutional capital flowing in at a pace comparable to the early Bitcoin ETF frenzy.