Linera Launches Babbage Testnet

**June 5 Update: Per Coinglass data, Bitcoin continued its steep plunge today, hitting a low of $61,126.01. Funding rates across major centralized (CEX) and decentralized exchanges (DEX) show a significant return to bearish market conditions—specific figures are available in the attached image.** BlockBeats Note: The funding rate is a mechanism used by cryptocurrency exchanges to maintain parity between perpetual contract prices and the prices of their underlying assets. It facilitates value exchange between long and short traders; trading platforms do not charge this fee. The funding rate adjusts the holding costs or profits of contract positions to keep perpetual contract prices closely aligned with the spot price of the underlying asset. When the funding rate stands at 0.01%, it marks the baseline level. Rates above 0.01% generally indicate bullish market sentiment, while rates below 0.005% typically signal a bearish market.

June 5 — According to Hyperinsight monitoring, Grayscale’s Hyperliquid Spot ETF (HYPG) officially launched on June 4, drawing $4.7 million in net inflows on its first day of trading. That same day, total net inflows across all Hyperliquid ETF products hit $12.2 million. BHYP saw $7.5 million in net inflows, HYPG contributed the $4.7 million, and THYP recorded roughly balanced inflows and outflows. Since this product category launched, it has maintained a consistent net inflow trend, with total cumulative inflows now reaching $145 million — signaling sustained institutional demand for allocations in this space. For context: 21Shares was the first to roll out THYP on May 12, followed by Bitwise’s BHYP launch on May 15, and Grayscale’s HYPG is one of the most recent additions to this ETF line. A quick update: The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (and enable message-sending permissions) to automatically sync on-chain informat

June 5: Deutsche Bank said it has raised its price target for Robinhood (HOOD.O) from $88 to $98. Source: FX678.

June 5th – Self-proclaimed "Stock God" Serenity took to social media to label AAOI as the most bullish stock across U.S. equities right now. In his post, Serenity noted that whenever AAOI shares pull back to roughly $150, or even $170, he will continue buying in batches to lower his average cost basis, signaling strong long-term conviction in the company’s future development. Pre-market trading data from Bitget shows AAOI is down 2.7% to $197.41 as of press time. Beyond AAOI, Serenity also highlighted JBL as a promising growth play. The firm’s 1.6T Linear Reconfigurable Optical (LRO) product, linked to SIVE, is expected to enter mass production in the first half of 2027. This move will position JBL to capitalize on surging demand for high-speed interconnects in AI data centers, driving its overall performance improvement. Serenity also mentioned RDDT, the parent company of social media platform Reddit, as another stock worthy of investor attention. For chipmaker MRVL, Serenity

On June 5, monitoring by Onchain Lens reveals a long-dormant Bitcoin whale has reawakened after five years, transferring 602.26 BTC (valued at around $37.81 million) to Binance. The address is projected to realize a profit of approximately $30.66 million from this move, demonstrating substantial gains over its extended holding period.

On June 5, Nokia (NOK.N) issued €500 million in senior unsecured notes. According to Bitget’s market data, Nokia’s U.S. stock dropped 3.43% in pre-market trading and is currently trading at $16.05.