A crypto whale deposited $6.3 million in USDC to Hyperliquid, adding to its short position in HYPE worth $49 million.

Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.

Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."

Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.

According to BIT (bit.com) market data, the US stock market's storage sector is seeing broad pre-market declines, with Seagate Technology (STX) down 4.96%, Western Digital (WDC) down 6.14%, SanDisk (SNDK) down 5.43%, and Micron Technology (MU) down 5.46%.

According to official announcements, blockchain analytics platform Nansen has officially launched Hyperliquid Perpetual (Perp) trading functionality, now available to all web and mobile users. Users can execute Hyperliquid perpetual trades directly within Nansen while tracking on-chain activities of Smart Money, whale addresses, and prominent investors, with real-time access to key metrics including funding rates, long-short position ratios, and wallet-level position distributions—enabling an integrated "research-to-trade" experience. Nansen added that the platform has also launched the Hyperliquid Perps Leaderboard, which supports filtering by Smart Money, whales, and top traders, and sorting by performance over the past 7 days, 30 days, or all-time, helping users quickly identify top-performing wallet addresses. Additionally, users can deposit funds from external wallets within the app, bridge assets from connected Solana or Base wallets to Hyperliquid, and receive asset transfers directly from other Hyperliquid addresses. Beyond trading features, Nansen has expanded its data coverage of the Hyperliquid ecosystem, including on-chain activity monitoring for HyperFND and the Hyperliquid Data API. Users can track real-time active HyperEVM addresses, contract deployments, and ecosystem growth, while development teams can access real-time Smart Money perpetual positions, unrealized profit and loss (PnL), account health, full transaction history, and performance data via the API—supporting quantitative analysis, strategy development, and application building.

Two plaintiffs have filed a lawsuit against Polymarket, alleging breach of contract and fraudulent conduct in a prediction market tied to whether Strategy would sell its Bitcoin holdings by the end of May. According to the complaint filed in New York State Supreme Court on July 3, plaintiffs William Wood and Thomas Bush named Polymarket, its CEO Shayne Coplan, CMO Matthew Modabber, and other related entities and individuals as defendants. The complaint states the two held "Yes" positions in a binary prediction market with the question: whether Strategy would sell any Bitcoin holdings by May 31. Per Strategy’s Form 8-K filings with the U.S. Securities and Exchange Commission (SEC), the firm did sell 32 Bitcoin (BTC) between May 26 and 31. However, the plaintiffs say Polymarket ultimately ruled the market "No". They allege the platform added a clarification ahead of settlement, effectively shifting the judgment criteria from "whether the sale was completed by May 31" to "whether the sale was publicly confirmed by May 31". Due to this criteria change, even though Strategy sold Bitcoin within the deadline, the prediction market was ultimately ruled "No" on June 3 via a UMA vote — Polymarket’s mechanism for resolving disputed markets.