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Strategy CEO: Bitcoin Sale Aimed to Test Market Response and Internal Processes

2 hours ago

On June 11, Phong Le, the company’s CEO, told CNBC during an interview that the main reason the firm sold Bitcoin was to “let the market adapt” and test its internal operational processes. This move does not represent a shift in the company’s long-term Bitcoin holding strategy; instead, it’s a way to verify that related transactions and processes function smoothly.
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A whale conducted a successful Ethereum long and short operation last night, winning all three battles and making a profit of $2.49 million.

June 11th, per Cinder Monitor: A crypto whale has landed three consecutive wins trading Ethereum (ETH) since 8 PM last night, turning $3 million into $5.49 million — a $2.49 million profit, or an 83% return. Trade breakdown: 1. Opened a $60M long ETH position at 8 PM last night, closed by 10 PM for a $1.22M profit. 2. Opened a $40M short ETH position at 12 AM today, closed at 2 AM for a $590k profit. 3. Opened a $60M long ETH position at 4 AM today, closed just at noon today for an $820k profit. Whale’s wallet address: 0xa2e81e888f4a757bbad012ea9b193e7ab93f1468

3 minutes ago

Binance Stocks will list SpaceX (SPCX) stock for limit trading on June 12th

June 11 – According to an official statement from Binance, the platform will launch whole-share limit order trading for SpaceX (ticker symbol: SPCX) on Binance Stocks, starting at 17:05 UTC+8 on June 12, 2026. Per the announcement, due to SpaceX’s IPO price discovery process, SPCX is not anticipated to open for regular trading at the standard 21:30 UTC+8 market open time. Pre-open orders will only be queued and will not be executed at this phase. The first day of SPCX trading will close at 04:00 UTC+8 on June 13, with regular trading resuming at 21:30 UTC+8 on June 15. Specific rules are in place: zero-order and amount-based orders are not supported for the first five minutes of trading on the IPO launch day and June 15. Additionally, pre-market, after-market, and overnight trading will be disabled both on the first trading session and June 15.

3 minutes ago

The average cost of Bitcoin in the entire market is approximately $48,300, with Ethereum's structural cost baseline at $700.

On June 11th, analyst firm Alicharts reports that Bitcoin’s on-chain metric—Investor Price—currently sits at $48,300. This figure reflects the market-wide average acquisition cost after excluding permanently lost coins, and it is widely regarded as a critical support level for long-term accumulation. Additionally, Ethereum’s Delta Price metric has successfully captured the cryptocurrency’s two prior market bottoms, and it is now approaching the $700 level. Delta Price is a proprietary on-chain metric from the Alphractal platform, primarily used to identify a cryptocurrency’s structural cost baseline and deep accumulation zones.

3 minutes ago

0G has partnered with MiniMax to jointly promote on-chain deployment of cutting-edge AI models

0G Labs, a decentralized AI-focused Layer 1 network, announced a partnership with MiniMax on June 11 to jointly advance cutting-edge AI models on-chain using verifiable, privacy-preserving computing infrastructure. From June 15 to 18, developers will get free access to run MiniMax models on 0G, enabling them to quickly test and build advanced blockchain-based AI applications. MiniMax’s M3 model currently ranks first on the Artificial Analysis leaderboard and is among the top trending models on OpenRouter.

3 minutes ago

US Stock Trader 'CBB' Holds 82% Short Position, Accurately Captures Oracle's Downtrend

June 11 — Per Hyperinsight’s monitoring, yesterday, a prominent U.S. stock trader and KOL “CBB” carried out large-scale shorting of U.S. stocks, with positions covering tech equities, commodities, and precious metals. Coinciding with Oracle’s Q4 FY2026 earnings announcement, CBB’s 3x leveraged xyz:ORCL short position on Hyperliquid is now up 30%, valued at approximately $1.92 million, with an entry price of $216 and liquidation price of $291. Of the 41 assets in CBB’s portfolio, 82% are short positions. The largest holding is a $3.8 million short in xyz:CRCL, which has gained $670,000 to date. Fueled by a U.S. dollar rebound and expectations of Federal Reserve interest rate hikes, gold has dropped below the $4,000 threshold, while silver has plummeted roughly 3%. CBB’s short positions in xyz:GOLD and xyz:SILVER have generated profits of $23,000 and $10,100 respectively. The address also placed heavy short bets on assets including COPPER, MSFT, and PLTR, delivering widespread gains aga

3 minutes ago

Yesterday, Bitcoin ETF saw a net outflow of $213.9 million, while Ethereum ETF saw a net outflow

June 11 — U.S. spot Bitcoin ETFs posted a net outflow of $213.9 million yesterday, per data from Farside Investors. Belvedere IBIT continued to see net outflows, logging a $148.5 million net outflow in the session. U.S. Ethereum ETFs, meanwhile, recorded a combined net outflow of $35.5 million yesterday. ETHA saw a $20.6 million net outflow, while FETH posted a $16.6 million net outflow.

3 minutes ago