South Korean Stock Market Experiences Record Drop, While Upbit Platform Sees Significant Increase in Trading Volume

**Binance Announces NFT Service Upgrade & Binance Wallet Integration: Action Required for All NFT Holders** June 3 — Binance today officially announced the upgrade of its non-fungible token (NFT) service, with the platform now integrated into Binance Wallet to offer users a more convenient Web3 and decentralized finance (DeFi) experience. Important timeline details: - **Transferable NFTs**: Beginning June 3, users holding transferable NFTs have 30 days to withdraw their assets to Binance Wallet or any compatible wallet. After the upgrade is completed on July 3, Binance’s legacy NFT service will stop supporting NFTs entirely, and any unwithdrawn NFTs will no longer be accessible. - **Non-Transferable NFTs**: Since these NFTs were not designed for transfers, they will also become inaccessible starting July 3. Separately, users who complete a Binance Academy course certification will receive an official PDF certificate from Binance Academy. **NFT Withdrawal Fee Support Program

On June 3, Grayscale announced its Grayscale Hyperliquid Staking ETF (ticker: HYPG) will commence local trading on June 4. As the U.S.’s lowest-fee HYPE ETP, the product delivers HYPE spot market exposure and staking rewards to investors. Grayscale noted that HYPE is a core asset powering round-the-clock on-chain market operations, while Hyperliquid has driven its perpetual contract trading volume into the trillions of dollars. Investors can gain direct access to HYPE’s spot exposure and staking rewards via a standard brokerage account.

On June 3rd, per Bitget market data, the Nikkei 225 Index posted a 1.00% daily gain, hitting a fresh all-time high.

June 3 — OnchainLens monitoring reports that crypto whale address Loracle has bounced back after incurring a short position loss of over $46 million, reopening a leveraged long position on HYPE worth $5.7 million (backed by 2x leverage) — totaling 82,195 HYPE tokens. Separately, Loracle has also opened a 10x leveraged long position on NEAR and is continuing to accumulate more of the token. In contrast, another whale with the address tagged 0x97f has initiated an $18.77 million, 10x leveraged short position on HYPE, amounting to 270,000 HYPE tokens. This position currently boasts more than $1 million in unrealized gains.

June 3 – According to Bitget market data, U.S. stock Marvell Technology Group (ticker: MRVL) extended its gains, rising 9.29% in after-hours trading to notch a 32.52% total surge for Tuesday. Yesterday, Marvell CEO Matt Murphy delivered a keynote titled “The Future of AI Depends on Connectivity” at Taipei Nangang Exhibition Center, with NVIDIA CEO Jensen Huang appearing as a special guest. During the event, Huang publicly stated that Marvell will become “the next trillion-dollar company,” emphasizing Marvell’s critical role in AI data center connectivity, optical interconnect, custom silicon (XPU), and the NVLink Fusion ecosystem. He also noted that connectivity is emerging as the next major bottleneck for AI infrastructure.

June 3 – Middle East tensions escalated sharply Wednesday as Iran’s Islamic Revolutionary Guard Corps (IRGC) launched missiles at the U.S.-affiliated vessel PANAYA, in retaliation for a prior U.S. attack on an Iranian oil tanker near the Strait of Hormuz. Earlier, the U.S. military had disabled an oil tanker heading to an Iranian port in the Arabian Gulf. The U.S. military claims it successfully repelled multiple ballistic missiles and drones fired by Iran, and carried out a "defensive strike" on Qeshm Island in response to what it terms Iran’s cross-Middle East attempted attacks. In the early hours of June 3, U.S. military bases in Kuwait and Bahrain were repeatedly struck by missile and drone attacks, with local air defense alarms sounding nonstop. Reports indicate Bahrain’s U.S. Juffair Base, home to the U.S. Fifth Fleet headquarters, was hit, and the U.S. Patriot air defense system intercepted incoming projectiles. Arab media has reported that airports in Bahrain, Kuwait, and the