U.S. CFTC Acting Chairman: Enforcement Division Restructured, Refocused on Combating Fraud

June 2nd – On-chain analyst Yin Jin notes that institutional buying and staking of HYPE have driven the token to a new all-time high, peaking at $75.8 this morning. On-chain data shows that over the past 10 hours, at least 1.136 million HYPE tokens (valued roughly $82.42 million) were withdrawn from exchanges and staked by major entities including the Bitwise Hyperliquid ETF (BHYP), a16z, and Galaxy Digital. Specifically: The Bitwise Hyperliquid ETF pulled 336,000 HYPE (≈$24.43 million) from Coinbase for staking; a16z took 300,000 HYPE (≈$21.58 million) from exchanges such as Kraken and OKX; an address starting with 0x279…BA8 withdrew 191,000 HYPE (≈$13.8 million) from Coinbase Prime; another address (0x9C4…6FC) moved 160,000 HYPE (≈$11.71 million) from Coinbase to stake; and Galaxy Digital staked 147,000 HYPE (≈$10.9 million).

June 2 — Per Hyperinsight’s monitoring: The largest HYPE short seller, “Trader Loracle,” has been actively trimming his positions and cutting losses ever since HYPE’s price surged past $70. Between yesterday and today, he has reduced his total positions by over $90 million. His 5x leveraged short position has shrunk from $102 million to $9.2 million, with current losses sitting at $3.4 million (a 74% decline). As of press time, he is still executing buy orders; if his position is fully liquidated, total losses could exceed $30 million. Over the weekend, Loracle transferred 893,000 HYPE tokens on-chain to Hyperliquid. Driven by the recent price rally, the value of this spot holding has risen from $54.5 million to $65 million, and he is currently holding onto these spot tokens without selling them. In the past month, this crypto whale has had two token unlock events, releasing a total of 1.115 million HYPE tokens (valued at approximately $63.51 million). According to transparent on-cha

On June 2nd, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address linked to Distributed Capital is suspected of selling 11,101 ETH, potentially incurring a $11.79 million loss if the sale is completed. Address 0xaF3…74446 transferred ETH worth $21.94 million to Amber Group’s deposit address 8 hours ago, at a price of $1,977.24 per ETH. Tracing back to the position’s entry data, this address withdrew a total of 33,398 ETH from Binance between February 2024 and April 2024, with an average entry price of $3,039.36 per ETH, totaling approximately $101 million in investment.

June 2 (CNBC) — OpenAI founder Sam Altman said he has just learned that rival AI startup Anthropic secretly filed its IPO prospectus with the U.S. Securities and Exchange Commission (SEC), though he downplayed any "race" among AI companies to be the first to go public. "There is indeed competition to deliver the best technology and build the strongest business," Altman stated. "But going public is merely a financing event, and we’re not currently focused on the specific timing of that. OpenAI will go public when the time is right." Data from prediction market platform Polymarket shows the probability of Anthropic going public before OpenAI has surged 56% momentarily, now standing at 81%.

On June 2nd, edgeX released an update addressing the abnormal price fluctuations of the EDGE token. The company clarified that the edgeX protocol has not been compromised in any form—this incident is not a hack, exploit, or security breach. According to the information identified so far, certain external parties are intentionally manipulating the EDGE token’s market price. The official statement notes this event relates to market integrity rather than platform security, and edgeX will handle it seriously. Currently, edgeX is collaborating with relevant exchanges and platforms to investigate the incident’s cause and hold responsible parties accountable. Officials added that a comprehensive update will be published once the investigation is completed.

LOS ANGELES, Calif. — June 2nd. Andrew Left, founder of short-selling research firm Citron Research and one of the world’s most prominent figures in the short-selling space, was found guilty of securities fraud by a U.S. federal jury on Monday following a landmark trial. The three-week trial centered on allegations that Left manipulated the stock prices of public companies via social media posts. After closing arguments, the jury deliberated in private for two full days before delivering the guilty verdict. Left faced charges that he illegally influenced the share prices of dozens of companies using what prosecutors called "explosive" tweets, then profited from the resulting market moves. Prosecutors detailed that between 2018 and 2023, Left earned approximately $20 million in illegal profits from these trading activities. For the U.S. Department of Justice, this ruling represents a key win in a white-collar crime case brought during the tenure of former President Donald Trump, thoug