Linera Launches Babbage Testnet

June 2 – Decentralized trading platform Hyperliquid has announced that its Real World Asset (RWA) holdings have reached a new all-time high (ATH) of $3 billion. Since the rollout of HIP-3 in October 2025, the platform’s RWA reserves have posted consecutive monthly record highs.

June 2: Marvell CEO Matt Murphy delivered a keynote address titled "The Future of AI Depends on Connectivity" at Taipei Nangang Exhibition Center, with NVIDIA CEO Jensen Huang making a special guest appearance at the event. During the event, Jensen Huang publicly stated that Marvell will become "the next trillion-dollar company," highlighting the firm’s critical role in AI data center connectivity, optical interconnects, custom silicon (XPU), and the NVLink Fusion ecosystem. He noted that connectivity is emerging as the next major bottleneck for advancing AI infrastructure. Following the event, Marvell’s stock (ticker: MRVL) surged 12 to 16% in pre-market and after-hours trading, rapidly approaching the $200 billion market capitalization mark. On trading platform Trade.xyz, MRVL hit an intraday high of $275.5 at its peak, and was last trading at $257 as of press time, marking a 25.27% gain over the past 24 hours.

On June 2, Binance announced that following a routine market review, it will delist and suspend trading for the following spot trading pairs at 03:00 UTC on June 5, 2026, to maintain a high-quality trading environment and protect user interests: AXL/BTC, CRV/BTC, EGLD/BTC, OPN/BNB, POL/ETH, QTUM/USDC, and SKY/BTC. Binance clarified that these delistings do not affect the availability of the corresponding tokens on the platform. Users can still buy and sell these assets via other active trading pairs. Additionally, the Spot Trading Bots service linked to the pairs being removed will be terminated at the same time. Users are advised to update or cancel their related bot strategies in advance to avoid potential losses. The exchange noted that the delisting decision is primarily based on key performance metrics including liquidity, trading volume, and other factors, and is part of Binance’s standard routine measures to uphold market quality.

**Flash Update: Binance Alpha Airdrop Goes Live on June 2** Per an official announcement from Binance Wallet, Binance Alpha’s new round of airdrop trading will launch at 7:00 UTC today (June 2), with airdrop claims opening simultaneously. Eligible users must hold at least 240 Binance Alpha points; participation operates on a first-come, first-served basis until the airdrop pool is fully distributed or the event concludes. The exact airdrop project and token name will be revealed at a later date—Binance advises users to monitor its official channels for the latest developments. Market analysts note that this round’s points threshold and limited claim structure align with Binance Alpha’s ongoing ecosystem incentive model for active users, which could drive short-term demand for Alpha points and lift the project’s visibility.

June 2: According to Hyperinsight’s monitoring, SK Hynix’s market capitalization hovered around the $1 trillion mark after a sharp rally over the past few days. Following a massive surge last night, the SKHYNIX asset plunged early today, dropping more than 10% in just three hours. The steep price drop has triggered liquidations of on-chain long positions. On the Hyperliquid platform, SKHYNIX is currently trading at $1522. During this pullback, after the price fell below $1567, a single whale was liquidated twice in a row: 1056 positions were forcibly closed, totaling approximately $3.21 million. After full liquidation, the whale didn’t exit the market—instead, they opened new long positions with a bullish outlook. Using 10x leverage, they took a long position of 836 units for a total size of around $1.28 million, with a liquidation price set at $1449. Wallet address: 0xea0027b6ea9b6d7d401b5266979cc3b3ca87a918. The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram

June 2: Bankrupt crypto exchange Mt. Gox’s affiliated wallet carried out a large Bitcoin transfer today, per on-chain analyst @ai_9684xtpa. Roughly six minutes ago, its cold wallet moved 10,423 BTC to a new address, worth around $739 million at current market prices. As of now, these coins remain in the receiving address and have not been moved further, with no clear reason for the transfer revealed. In a separate transaction, Mt. Gox also shifted 116 BTC to its hot wallet, valued at approximately $8.25 million. This marks a rare large-scale on-chain movement from Mt. Gox-linked addresses since late last year, drawing notable market attention. At press time, none of the involved Bitcoin has been sent to exchange addresses, and no direct signs of selling activity have been observed.