Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) Issue Joint Consultation Conclusions on Amendments to OTC Derivatives Transaction Rules under the Clearing Rules

According to blockchain analytics firm Chainalysis, a wallet address withdrew 37,316 ZEC from crypto exchange Binance approximately 20 minutes ago on June 5th, with the transfer valued at roughly $13.12 million.

June 5: Citigroup has lifted Adobe’s (ADBE.O) price target from $253 to $264. Per Bitget market data, the stock is up 1.25% in pre-market trading, hitting $261.65.

On June 5, U.S. storage sector stocks declined across the board during pre-market trading, according to data from Bitget Markets. Micron Technology (MU) fell by 3.26%, SanDisk (SNDK) dropped by 1.8%, Western Digital (WDC) decreased by 1.79%, and Seagate Technology (STX) slid by 2.39%.

June 5 — Per Bitget market data, Huang Renxun noted earlier this week that semiconductor firm Marvell Technology (MRVL) would become the "next company to reach a $1 trillion market cap." Following this, MRVL’s stock price jumped to a new all-time high, though its upward momentum has since slowed. Over the past 24 hours, total trading volume for MRVL perpetual swaps across multiple platforms hit $934 million, marking a 33.39% drop in 24-hour trading volume. Here’s the platform-by-platform breakdown: - Binance: MRVL perpetual swap trading volume reached $551 million, with open interest decreasing by 1.65%. - Hyperliquid ecosystem platform trade.xyz: MRVL trading volume came to $192 million, with open interest rising 0.79%. - OKX: MRVL perpetual swap volume totaled $122 million, and open interest increased by 1.22%. - Bitget: MRVL perpetual swap trading volume hit $34.54 million, with open interest falling 0.49%. Additionally, Coinglass data shows MRVL’s total open interest across all p

**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.