The crypto market is trading sideways near its low, with Bitcoin teetering around $60,000 and ZEC rebounding about 48% from its recent low.

June 7th — Degentrading, a product researcher specializing in leverage products, warned that the Hong Kong-listed leveraged fund Southbound Double Long SK Hynix (7709.HK) will have to forcibly sell around 2 million shares at the opening of South Korea’s stock market this coming Monday. That sell order volume accounts for 40% of SK Hynix’s normal daily trading volume, generating enormous mechanistic selling pressure. The bigger concern: The gamma effect of this leverage product will drive further price drops, which will in turn spark more selling pressure and possibly trigger a chain reaction. Degentrading forecasts extreme downward pressure on South Korea’s stock market on Monday. He boldly projects that EWY (the iShares MSCI South Korea ETF) could slump to $145 by the time U.S. stock markets open on Monday, down from its current level of $175. Degentrading acknowledges this prediction “may sound a bit crazy,” but says its core logic is that passive rebalancing selling pressure from l

June 7: Last Friday, HYPE Treasury’s HyperionDeFi (HYPD) terminated its agreement with Hyperliquid ecosystem lending protocol Felix to establish a contract market, and will release the 500,000 HYPE tokens held in escrow.

June 7 – According to Alternative Data, today’s cryptocurrency Fear & Greed Index hits 12, unchanged from the previous day, signaling that market sentiment remains in “Extreme Fear” mode. Note: The Fear & Greed Index spans a 0-100 range, and is derived from the following indicators with their respective weightings: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

June 7 The U.S.-Iran conflict enters its 100th day today, with ongoing negotiations deadlocked. President Trump has informed mediators he will not engage in talks lasting more than 60 days and is demanding a swift response from Iran. Minor conflict flare-ups are being observed across the Middle East, rooted in deep mutual distrust between the two sides. ### Iran’s Claims Iran says it struck a key facility of the U.S. Fifth Fleet. The Supreme Leader’s military advisor is warning the U.S. of “heavy losses.” An Iranian delegation has stated that attacks on nuclear facilities should not be normalized. ### U.S. Claims U.S. Central Command reports it intercepted missiles and drones launched by Iran. CENTCOM added that no U.S. personnel were injured in the incidents, and Iran’s claim of damaging the U.S. Fifth Fleet Command in Bahrain is false. ### Israel’s Actions The Israeli military says it targeted roughly 150 Hezbollah sites in southern Lebanon. Two Israeli soldiers were

According to HTX market data, Bitcoin rebounded to above $61,000 on June 7, posting a 0.53% drop in the last 24 hours.

June 7 Tom Lee, Chairman of BitMine—the world’s largest Ethereum treasury—stated that people should avoid being misled by false information, noting the current stock market bull market remains firmly going strong. Additionally, Lee emphasized that cryptocurrency is the only viable path to achieving tokenization, and it will play a pivotal role in the future AI-driven landscape of machine-to-machine interactions.