Jiang Zhuoer: Bought Back All ETH Holdings at "Market Bottom," Plans to Start Selling in 1-3 Days After Rebound

**June 5 Flash Update: Zcash Faces Theoretical Infinite Inflation Risk Over Orchard zk-SNARK Vulnerability** Per Hyperinsight Monitoring (@HyperInsight on Telegram), Zcash is at theoretical risk of infinite inflation due to a flaw in its Orchard zk-SNARK protocol. Negative sentiment around the vulnerability—fueled by its "black box" ambiguity—has finally erupted into public focus after lingering unaddressed. Alongside widespread panic selling, ZEC contract positions on the Hyperliquid platform have plummeted 51.6% from their June 3 peak of ~$371.8 million. Early withdrawals totaled $145 million during the period. Below are position shifts (adjusted from UTC to Beijing Time): - May 29–30 (8:00 AM Beijing): ZEC contract positions stood at ~$223 million. - May 30–June 3 (8:00 AM Beijing): Positions rose to a peak of $371 million, with ZEC prices climbing from ~$530 to $630—marking a simultaneous spike in both price and volume. - June 3–4 (8:00 AM Beijing): Prices stabilized at

June 5 — Crypto KOL CoinDriver is reporting rumors that Weyland Gala may soon resign from OKX again, roughly three months after returning to the crypto exchange. Upon his comeback to OKX, Weyland originally used the public alias “Gala Wen”, but later changed it to “Fiona Wen” because of extremely high search volumes tied to the former name. As of press time, Weyland has not confirmed or made any public statement regarding the news. For context on Weyland’s recent career path: He resigned from OKX in July 2024, joined BNB Chain in August 2024, stepped down as BNB Chain’s Director of Ecosystem Development in February 2025, and rejoined OKX in March 2026. Beyond his crypto industry roles, Weyland is a best-selling author, travel blogger, NBA commentator, and former auditor at PwC.

Per monitoring from Dongcha Beating (a channel linked at t.me/OneMillion_AI), WeChat Pay is partnering with AI entity WorkBuddy to test a new AI payment feature. The trial adds an AI-exclusive card to users’ WeChat Balances, letting the AI place orders independently—with every transaction requiring user approval for security. This early internal test at Tencent marks the first time an AI entity can access dedicated funds on a third-party payment platform, with transaction-level user confirmation required. In the AI-exclusive card interface within WeChat Balance, users can transfer funds to or from the card directly from their main WeChat Balance. The card’s spending limit is strictly tied to its balance. To bind it, users must explicitly authorize a specific AI entity; WeChat Pay’s binding screen clarifies this card is for that AI’s exclusive use. Even after activation, the AI still needs the user’s confirmation to process payments. Take buying Q Coins (Tencent’s digital currency for

June 5 — Data center developer Switch is in talks for a new funding round expected to raise tens of billions of dollars, with the company’s valuation reaching at least $500 billion, according to sources familiar with the matter. Private equity firms including Brookfield Asset Management, KKR, and other institutional investors are engaged in discussions to participate in this round, the sources noted. This financing round could pave the way for Switch’s upcoming initial public offering (IPO), with the company potentially going public as early as next year. Goldman Sachs and JPMorgan’s investment banking teams are assisting Switch in advancing this round of funding. As of press time, Switch has not responded to media requests for comment outside regular business hours, and the related details have not been independently confirmed. Click the original article link below to join the BlockBeats ? Feishu AI News Channel, which tracks global AI trends and news 24/7.

Per an official announcement, Upbit will list the Babylon (BABY) trading pair against the Korean Won on June 5th.

June 5: According to Saudi Arabia’s Al Arabiya TV, Iran has told Pakistan it is willing to transfer part of its uranium stockpile to a third country agreed to by both parties. (FXStreet)