Convalt Energy plans to invest $6.2 billion to build a hydroelectric project and data center in Africa
According to a Bloomberg report published on June 5, U.S.-based firm Convalt Energy has agreed to invest $6.2 billion to build a 1,200-megawatt hydroelectric project and an artificial intelligence (AI) data center in the African country of Lesotho.
Lesotho government spokesperson Boitelo Rabele stated in an official press release that this is the largest foreign investment project in the southern African nation’s history. The project will help Lesotho lower its dependence on imported energy and create a significant number of local jobs.
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Binance will delist COS, D, HIGH, MBOX
June 5 – Per an official announcement, Binance will halt trading and delist the following assets on June 19, 2026, at 11:00 UTC+8: Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX).
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"The Largest Long Position on Hyperliquid" is currently facing an unrealized loss of $73.66 million, with the liquidation price for the ETH long position ranging from $1,300 to $1,400.
June 5 update from Ashes Monitor: A large trader dubbed the "Largest Long Position on Hyperliquid" opened a long position of 120,000 ETH at an average entry price of $2,261, worth approximately $271 million. The position is currently underwater by $73.66 million, with its liquidation price set between $1,300 and $1,400. To avoid being liquidated, the trader added an extra $26 million in collateral over the past several days.
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Japanese and South Korean Stock Markets Experience Sharp Decline
June 5 – According to Bitget market data, Japan’s Nikkei 225 Index ended Friday’s trading session at 66,588.12 points, a loss of 882.57 points or 1.31% on the day. South Korea’s KOSPI Index closed its Friday session down 478.82 points, a 5.54% drop, to settle at 8,160.59 points.
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AI is Reshaping the Crypto On-chain Security Landscape: In the past two years, the monthly frequency of on-chain attacks has increased to 2.8 times the previous level, putting significant pressure on protocol security.
June 5 BlockBeats Stats: On-chain attack frequency has jumped roughly 2.8 times since AI entered widespread use, per the crypto media outlet’s data.
The pre-AI baseline (2020–2021) saw an average of 3.7 monthly on-chain attacks. From June 5, 2024 to June 5, 2026, that monthly average rose to 10.4, totaling around 250 attacks over the two-year window.
Annual attack volumes climbed steadily after ChatGPT’s launch: 17 events in 2020, 71 in 2021, 67 in 2022, 97 in 2023, 94 in 2024, 97 in 2025, and 96 in 2026 (annualized to approximately 225). All post-2023 counts stayed far above the early pre-AI baseline.
High-frequency attack periods align with major GPT model releases: Following GPT-5.2’s Dec. 11, 2025 launch, there were 24 attacks in the next 56 days. After GPT-5.4 launched on March 5, 2026, 21 attacks occurred over the subsequent 42 days. GPT-5.5’s April 23, 2026 debut sparked the highest tally: 38 attacks in the 35 days post-launch.
The trend signals crypto security is entering a
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Preview: The first non-farm payroll of the "Wash Era" will be released tonight at 8:30 PM
June 5: The U.S. Bureau of Labor Statistics (BLS) will release May nonfarm payroll data tonight at 8:30 p.m. ET. Market consensus expects the U.S. added roughly 85,000 nonfarm jobs in May—a sharp pullback from the roughly 150,000 average gain in the prior two months—while the unemployment rate is projected to hold steady at 4.3%.
Several firms have adopted a more cautious outlook on this nonfarm data: Goldman Sachs forecasts only 60,000 new jobs in May, pointing to weakened high-frequency employment metrics it tracks. EY expects an additional 50,000 jobs, with slight upward pressure on the unemployment rate. Vanguard’s chief economist Adam Schickling projects just a 20,000 job increase, attributing it to unseasonably warm and dry weather at the start of the year that boosted payrolls from January through April—an effect that may partially reverse in May.
On the monetary policy front, if nonfarm data broadly meets expectations, the Federal Reserve is most likely to hold rates steady a
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