OKX Ventures strategically invests in STBL, which will develop an RWA-backed stablecoin on the X Layer.

June 5th (Thursday) — A source with direct knowledge of the matter told reporters on Thursday that SK Hynix, South Korea’s top memory chip manufacturer, has received “very positive” feedback regarding its planned U.S. stock listing. The upbeat outlook is driven by surging demand for advanced storage semiconductors, which are essential components for artificial intelligence (AI) data centers. Per recent reports, the firm quietly submitted its U.S. listing application earlier this year. As of March, prior sources had indicated the offering could raise up to $14 billion. However, since the U.S. Securities and Exchange Commission (SEC) is still conducting its review, no specific updates on the listing process are available at this time.

June 5: Per Hyperinsight’s monitoring (linked: https://t.me/HyperInsight), trader “neoyokio.eth” closed out his 4x leveraged long position in ASTER today, ending a 127-day hold that netted him approximately $1.04 million in profits. Before exiting, this whale was the largest holder of ASTER long positions on Hyperliquid, owning 16.5 million tokens valued at around $11.4 million. Back on January 28, the trader built his base ASTER position at $0.69. When ASTER suffered a sharp price drop later, he bought more at $0.56 to average down his entry cost. On February 11, after ASTER’s price climbed above $0.70, he kept accumulating tokens, lowering his average holding price to $0.636 over time. As the broader market warmed up, his position started generating gains—its unrealized profit once hit $3 million. ASTER hit its recent peak in March, when the token briefly spiked to nearly $0.80. In the months since, ASTER has traded sideways without breaking above that $0.80 level. Even with HYPE h

June 5 — Per Whale Alert’s monitoring, the USDC Treasury minted an additional 250 million USDC on Solana blockchain at approximately 10:06 AM Beijing time.

June 5: NVIDIA has open-sourced the Bill of Materials (BOM) and official technical diagram for its Rubin NVSwitch Tray. The newly released specifications show each Rubin NVSwitch Tray is equipped with an AMD EPYC 3151 embedded CPU. Each of NVIDIA’s VR200 chassis units comes with 9 NVSwitch Trays, meaning every NVIDIA chassis is fitted with 9 compact AMD embedded CPUs. These open-source materials are hosted in NVIDIA’s public GitHub repository: NVIDIA/nvbmc-docs, and are distributed under a CC 4.0 open source license.

June 5 — Well-known tech research firm SemiAnalysis roiled markets late Wednesday with a report revealing major adjustments to NVIDIA’s next-generation AI server cluster, the Rubin NVL72: per-cabinet memory capacity will plummet from the originally planned 55TB to just 28TB, and most Rubin systems will use 96GB SOCAMM modules instead of the initially planned 192GB units. The news triggered immediate sell-offs in memory stocks: Micron closed trading down 7.7%, while South Korea’s SK Hynix opened Thursday’s session with an 8.32% sharp drop. Still, overall market sentiment leans cautiously optimistic, with many investors arguing the reaction is overdone. US stock influencer Herman Jin commented that the memory downgrade boils down to supply constraints—not falling demand. He added NVIDIA’s upcoming switch-focused solutions may carry similar bearish headwinds, reiterating that model-side demand remains the critical gauge for whether the AI boom is nearing its end. Other market observers

June 5: On-chain analyst Ai Auntie (@ai_9684xtpa) reports that an entity associated with venture capital firm a16z has withdrawn a total of 224,118 HYPE tokens from major centralized exchanges (CEXs) over the past 24 hours, worth $15.156 million. Since 2026, this entity’s total HYPE holdings have grown to 6.906 million tokens, valued at $322 million. With an average acquisition price of $46.7 per token, the position currently carries an unrealized gain of $131 million.