Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

June 9th. Per EmberCN’s monitoring, a private key leak incident has triggered roughly 13 hours of continuous anomalous minting and sell-off activity for the H token on the Binance Smart Chain (BSC). Attackers still retain the ability to mint new H tokens on-chain and continue selling them. To date, the attacker has minted approximately 300 million H tokens and sold a total of around 450 million H tokens, generating roughly $34 million in combined ETH and BNB. Currently, all related liquidity pools on BSC have been fully drained, leaving only about $13 in remaining liquidity. As a result, H’s on-chain price has crashed by roughly 99.9% to approximately $0.0009. However, on centralized exchange (CEX) perpetual contract markets, H is still trading at around $0.09, creating a roughly 100x price discrepancy and causing severe price dislocation.

June 9 update: Per Forbes, SpaceX is planning to hold its initial public offering (IPO) on June 12, boasting a valuation of roughly $1.8 trillion and aiming to raise around $750 billion. Despite the company moving its headquarters to Texas, a large share of its workforce remains based in the Los Angeles, California area—both working and living there. The post-IPO wealth generated by these California-based employees could trigger California’s "millionaire’s tax," netting the state substantial tax revenue, while Texas, which has no state income tax, won’t reap comparable benefits. SpaceX currently has over 22,000 employees globally, including about 7,661 engineering and related staff in the Los Angeles region. Analysts view this IPO as a potential major financial windfall for California’s finances.

**Market Update: Pre-Market Moves & Goldman Sachs’ China AI Outlook (June 9)** Per Bitget market data, in pre-market trading today, VNET rallied more than 12%, GBS jumped over 8%, KC surged 6%, and BABA climbed nearly 1%. In a fresh research note, Goldman Sachs re-evaluated five key investor debates shaping the landscape of Chinese AI models: cross-border competitive dynamics between U.S. and Chinese AI model developers; intensifying price competition among domestic Chinese model operators; exponential growth drivers for "tokens" and the rationale behind the surge in token-related billing; capital expenditure (capex) / free cash flow outlook for cloud hyperscalers; and the morphological characteristics of agentic AI plus interactive interference among AI agents. The investment bank projects China’s daily token usage will reach 350 trillion by year-end. For the second half of 2026, Goldman Sachs names cloud and data centers as its most favored sub-industries, with top recommende

June 9 – Binance Alpha’s second KGeN (KGEN) airdrop is now live! Users holding at least 241 Alpha points qualify to claim 160 KGEN tokens on a first-come, first-served basis. If the full reward pool isn’t fully distributed, the required Alpha points threshold will automatically drop by 5 points every 5 minutes. Important reminders: Claiming the airdrop will consume 15 Alpha points. You must confirm your claim on the Alpha event page within 24 hours—unconfirmed claims after this window will be considered a forfeiture of your reward.

On June 9, CryptoQuant analyst MorenoDV noted Bitcoin demand has entered one of its most extreme contraction phases since 2019. The 30-day combined demand for spot and perpetual contracts has dropped to roughly -650,000 BTC—a historically rare level, having only occurred three times before. This market demand pullback is far steeper than a typical correction phase. Currently, not only is spot demand decreasing, but perpetual contract demand is also shrinking simultaneously. That signals both leveraged speculative activity and genuine buying interest are backing off, with marginal buying pressure dropping sharply. The current market setup aligns more with the early stages of an "ultimate washout phase" than a clear reversal, suggesting a period of low momentum and low-volume consolidation is likely after volatility picks up. Historically, when this indicator hits this level, it’s rarely an immediate bottom signal—it more commonly lands before or after a stretch of intense volatility o

June 9 — Per Hyperinsight’s monitoring, there are 7 whales holding million-dollar positions on Hyperliquid as of today. Of these, 6 are short positions, accounting for roughly 85.7% of the total. These large investors generally believe SpaceX will struggle to hit a $2 trillion valuation when it goes public. Two new short positions opened today have quickly risen to take the first and second spots in the position rankings. Currently, all four of the top positions are held by short sellers, signaling strong bearish sentiment. Hyperliquid’s SPCX is currently trading at $156, a 6.1% drop over the past 24 hours. Using SpaceX’s fully diluted reference share count of approximately 11.87 billion shares, this price translates to a market capitalization of around $1.85 trillion. Trading volume for this contract has already topped $100 million today. It’s reported that SpaceX is set to make its Nasdaq debut with an expected $2 trillion valuation, and its listing date is June 12 — just three da