Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

On June 2, self-proclaimed "Stock God" Serenity posted remarks stating they did not anticipate Google parent company Alphabet would require $800 billion in AI-related capital expenditure financing—backed and participated in by Berkshire Hathaway—to build AI infrastructure for the giant cloud service provider. The financing package includes a $400 billion At-the-Market (ATM) issuance plan, $300 billion in stock and related securities offerings, plus a $100 billion investment from Berkshire Hathaway. Serenity noted that Alphabet’s scaled-up AI capital spending could benefit its upstream ecosystem, with supply chain partners including Lumentum (LITE), Broadcom (AVGO), MediaTek, TSMC, and Micron (MU). However, they also pointed out that for Google shareholders, the impact may not necessarily be positive, as this massive capital expenditure is not fully supported by free cash flow.

June 2: Data from Onchain Lens monitoring shows an Ethereum OG whale has offloaded another 5,000 ETH, worth roughly $10 million. To date, the whale’s total sales stand at 60,000 ETH (about $122.25 million) plus 9,442 wsETH (around $23.99 million), with an average selling price of $2,106.

On June 2nd, edgeX platform’s native token EDGE experienced a "rug pull," plummeting over 77% to a low of $0.315 before rebounding to $0.751; its 24-hour decline currently stands at 41.13%. Coinglass data indicates EDGE liquidations totaled $5.2152 million over a 4-hour period, with $4.0962 million in long position liquidations and $1.119 million in short position liquidations.

June 2: edgeX Announces Probe Into Abnormal EDGE Token Price Swings Cryptocurrency platform edgeX revealed on June 2 that it has observed sudden, unusual price fluctuations in its native EDGE token. The team is currently actively investigating the cause behind the volatility, and plans to release an official update as soon as verified details are confirmed. edgeX also reminded users to only trust information shared through its official channels, urging them to be cautious of unvetted market speculation. Earlier reports noted that EDGE suffered a "flash crash" earlier this period—plunging more than 77% to a low of $0.315 before partially recovering to $0.751. As of the latest data, the token’s 24-hour price decline has narrowed to 41.13%.

June 2, Ondo Finance CEO Ian De Bode announced that Ondo Perps will launch in the coming weeks. Ondo Perps is the first perpetual contract platform built specifically for Real World Assets (RWA).

June 2nd: A whale opened a 10x leveraged short position on 21,948 ETH, worth approximately $44 million, with a liquidation price of $2,339.76, according to monitoring from Onchain Lens.