A major whale closed out a BTC and ETH short position, totaling $80 million

June 10 Update: The subscription window for SpaceX’s tokenized IPO on Bybit’s IPO Express platform will officially close tomorrow, June 11, per official announcements. Bybit’s IPO Express has partnered with xStocks to launch the SpaceX tokenized IPO subscription service, making it one of the world’s first centralized exchanges to offer tokenized IPO subscriptions during the primary market pricing phase. This offering is open to eligible users with no need for a traditional brokerage account, cutting through geographic barriers and tedious account setup hurdles to give global participants easier access to sought-after primary market assets. The tokenized SpaceX shares for this offering are fully backed by the xStocks issuer, pegged 1:1 to actual underlying equity, and compliant with institutional-grade standards. SpaceX xStocks IPO Subscription Timeline: - Registration Period: June 7–11 - Subscription Period: June 7–11 (closes tomorrow) - Allocation Period: June 11–12 - Spot Trading

June 10, per monitoring from Hyperinsight (Telegram: @HyperInsight), well-known U.S. stock trader and crypto KOL "CBB" has reactivated a sub-wallet amid recent U.S. stock market volatility. He transferred $16 million to Hyperliquid and opened positions across 38 assets spanning U.S. stocks and commodities; his largest current position is a short bet on Micron Technology (MU). As of press time, CBB holds a total of $45 million in open positions on Hyperliquid via two addresses, with his main address generating a $5.2 million profit over the past seven days through arbitrage between the two wallets. The address in question belongs to crypto KOL CBB (X: Cbb0fe), who gained widespread attention for leading a "whale-hunting squad" that targeted a BTC whale shorting billions of dollars in 2025. He is widely hailed as a leading figure in the group. Wallet address: 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0

June 10 — Binance Wallet has announced in an official statement that the Binance Alpha airdrop will be distributed today at 5:00 PM. The event uses an updated Alpha Box model, with the airdrop pool containing tokens from multiple projects. Eligible users must hold a minimum of 245 Alpha points to claim a reward, and each claim will cost 15 Alpha points. The airdrop is split into three reward tiers: Common (80% of the total reward pool), Rare (15%), and Super Rare (5%). Upon claiming, users are randomly assigned to one of these tiers, and rewards are paid out proportionally based on their assigned tier. If all rewards are not claimed initially, the minimum Alpha point threshold required to claim will automatically decrease by 5 points every 5 minutes.

June 10: SpaceX’s upcoming initial public offering (IPO) is drawing nearly four times its planned subscription, sparking concerns among some analysts that it could siphon liquidity from global markets, weighing on both tech stocks and the cryptocurrency space. The space firm has already racked up over $250 billion in investor demand—far outstripping its targeted $75 billion fundraising. At this demand level, SpaceX is valued at roughly $1.8 trillion, a figure that would make it the largest public offering in history if the IPO moves forward. Pricing is slated for Thursday, though final demand levels could shift before the pricing date. Andri Fauzan Adziima, Director of Research at the Bitrue Research Institute, notes the recent slump in crypto and tech assets is no random fluctuation—it stems from the so-called "IPO tax" tied to SpaceX’s record-breaking offering. As the IPO pricing nears, liquidity allocated to risky assets is being drained, Adziima explains. The crypto market is bea

June 10 — Tom Lee, chairman of BitMine, the largest Ethereum treasury, told CNBC in an interview that current market anxiety is primarily driven by two key factors: pre-SpaceX IPO fund reallocations and the market processing recent gains. The SpaceX IPO is on track to raise $750 billion and will be added to the Nasdaq 100 Index. As a result, many institutional investors are raising capital early not just to participate in the IPO, but also to hold cash to build sizable weighted positions in SpaceX’s secondary market shares post-listing. Lee argues this means institutions could offload some recently surging stocks, weighing on chip stocks. Lee notes that storage chip stocks and the broader semiconductor sector have held above last Friday’s lows, meaning their charts haven’t fully broken down. He calls the current pullback healthy and doesn’t see it derailing tech stocks’ broader upward trajectory. SpaceX’s first trading day will be a critical test: a weak debut would fuel claims the ma

According to BlockBeats, in May 2026, the spot trading volume of mainstream centralized exchanges (CEXs) decreased by 3.76% month-over-month compared to April 2026, while their perpetual contract trading volume fell by 4.94% over the same period. Additionally, likely driven by TradFi (Traditional Finance) trading activity, the perpetual contract trading volume of mainstream decentralized perpetual exchanges (Perp DEXs) marked a rare industry-wide growth in May 2026, rising by 0.14% from April 2026. For the full platform rankings and complete trading data, please refer to the report: *May Exchange Platform Rankings: Multiple Indicators Decline, Only Perp DEX Sees an Increase in Contract Trading Volume*, available at https://www.theblockbeats.info/news/62673.