10 #Bitcoin ETFs outflows 2,152 $BTC(-$201.21M) and 9 #Ethereum ETFs outflows 45,684 $ETH(-$148.11M) yesterday.

June 5th – On-chain sleuth ZachXBT has issued a community alert urging crypto users to avoid interacting with Rain Protocol (RAIN) "at all costs." He highlighted that while RAIN currently holds an ~$8.8 billion market cap, placing it in the top 15 crypto assets, its fundamentals as a prediction market are deeply problematic: it has minimal user adoption, limited product traction, no high-profile supporters, and the project’s team credibility within the crypto space is highly suspect. On-chain traced addresses linked to the RAIN team show ties to the Gems hot wallet and centralized exchange (CEX) deposit addresses—these same addresses previously moved funds for failed projects including Data Ownership Protocol (DOP) and TOMI, signaling a potential overlap in core team members. ZachXBT also flagged red flags of on-chain price manipulation for RAIN: related addresses connect to Uniswap V3 liquidity providers (LPs) alongside the token’s deployer, and on-chain fund transfers are obfus

June 5th: Per Hyperinsight’s monitoring (https://t.me/HyperInsight), ZEC witnessed a sharp decline, prompting a whale’s bottom-fishing on Hyperliquid. Three hours ago, a whale opened a long position of 21,500 ZEC with 1x leverage, valued at ~$8.44 million. Current floating loss stands at $520,000 (-6.1%), with an average entry price of $415.46. Wallet Address: 0x089fe537f4b2af55fa990bc64ff4125800bba4f8.

On June 5, Bankless co-founder David Hoffman—who’d previously sold off all his Ethereum (ETH) holdings—snapped up altcoins VVV, NEAR, ZEC, HYPE, and LIT. Today, those altcoin positions took a massive tumble: ZEC crashed more than 32% in the last 24 hours, while NEAR, VVV, and LIT all dropped over 20% during that same window. Hoffman responded to the slump, stating, “The only one actually underwater is ZEC.” Prior reports have already revealed Hoffman’s entry prices for the four altcoins: NEAR at around $1.40, HYPE at roughly $45, ZEC at approximately $560, and LIT at about $1.35.

June 5: Standard & Poor’s Global announced Thursday it will retain eligibility criteria for key benchmarks including the S&P 500 Index, nixing a proposal to fast-track giant firms like SpaceX immediately after their initial public offering (IPO). In a press release, the S&P Index clarified it will not shorten the current 12-month “seasoning period” for newly listed companies, nor will it waive existing profitability and public float requirements based solely on company size. This means SpaceX will need to wait at least one full year after its IPO to qualify for inclusion in the S&P 500, and it must meet the index’s standard rules: GAAP profitability in its most recent quarter, cumulative GAAP profits over the past four quarters, and a public float of no less than 50%.

On June 5, per HTX market data, tokens from Bankless co-founder David Hoffman’s publicly disclosed rebalanced holdings posted sharp declines today. The portfolio assets saw notable drops in a 24-hour window: - ZEC tumbled over 32%, now trading at $401.58; - NEAR fell more than 22%, at $2.136 currently; - VVV dropped over 21%, priced at $15.79 as of press time; - LIT’s price slid more than 21%, standing at $1.388; - HYPE decreased by over 15%, trading at $62.5. Earlier, Hoffman stated that after liquidating his entire Ethereum (ETH) position, he immediately allocated roughly 50% of the proceeds to purchase VVV, NEAR, ZEC, and HYPE. The other 50% of the funds were held as cash reserves for gradual dollar-cost averaging (DCA) entries, but he has now used all of that cash to buy LIT.

As of June 5, data from Coinglass shows that Coinbase’s Bitcoin Premium Index has been in negative territory for 18 consecutive days, currently standing at -0.1347%—a trend signaling continued weak buying power for Bitcoin in the U.S. market. The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on the Coinbase platform and the global average Bitcoin price. A negative premium typically indicates greater selling pressure in the U.S. market, reduced investor risk appetite, growing market risk aversion, or capital outflows from the U.S. crypto space.