Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

June 10: According to LookOnChain monitoring, Bitmine—Tom Lee’s Ethereum treasury company—has repurchased 75,000 ETH via Kraken and FalconX over the past 8 hours, with the transaction valued at approximately $123 million.

June 10 — Kobeissi Letter, an independent macro research and analysis firm, released a new analysis noting that the average revenue per employee for the U.S. "Magnificent 7" has climbed to roughly $270,000, hitting a 3.5-year high. Since the start of 2023, this metric has jumped by about $45,000, marking a roughly 20% increase. Over the same period, the average revenue per employee for Russell 2000 small-cap firms has dropped around $20,500 — a 14% decline — landing at roughly $122,000, a new 3.5-year low. The remaining 493 companies in the S&P 500 have an average revenue per employee of about $195,000. The data shows that revenue generated per employee at the Magnificent 7 tech giants is now more than twice that of Russell 2000 employees, and roughly 38% higher than the average of the other S&P 500 constituents. This trend reflects how large tech firms have continuously improved productivity through operational optimizations (including targeted layoffs) and revenue growth, while sma

June 10: Monitoring from LookOnChain shows that Garrett Jin (@GarrettBullish, the so-called "BTC OG Insider Whale") has returned to focusing on Zcash (ZEC) trades, ditching his earlier short strategy to pivot to a long position. On-chain data confirms Jin holds a 2x leveraged long position of 27,723 ZEC, valued at roughly $11.9 million. A recent ZEC price pullback has resulted in an approximate $812,000 floating loss on the trade.

June 10 — Per CNN, a U.S. official stated the latest U.S. military strikes are designed to send a warning signal to Iran, and Washington believes these actions will not derail negotiations aimed at ending the tension. The U.S. Central Command (CENTCOM) labeled the strikes in a statement as a “proportionate response to Iran’s unwarranted aggression.” U.S. officials added that a second round of strikes targeting Iran’s air defense and radar systems is currently underway. A source familiar with the matter told CNN an Iranian drone had previously targeted a U.S. Apache helicopter. A U.S. official also noted it remains unclear whether the drone intentionally targeted the military aircraft or if it brought the helicopter down accidentally. After the initial U.S. strikes, Iran’s Islamic Revolutionary Guard Corps posted on social media that it “launched missiles and drones at U.S. targets in the region.”

Per EmberCN’s monitoring on June 10, a whale that previously shorted ETH via borrowing has sold another 7,000 ETH, worth around $11.83 million. Current data shows the whale has collateralized roughly $132 million in stablecoins on Aave, borrowed a total of 35,000 ETH, transferred all the borrowed ETH to Binance, and sold them at an average price of approximately $1,672. The total value of the borrowed ETH stands at about $58.51 million.

June 10 — SpaceX’s initial public offering (IPO) has attracted more than $250 billion in investor demand, with an oversubscription ratio of 3.5 to 4 times—far outstripping its planned $75 billion fundraising target, Reuters reported. Large subscription orders were submitted by long-term funds, and Elon Musk briefly attended portions of the investor Zoom roadshow for the company. SpaceX President Gwynne Shotwell and CFO Bret Johnsen took part in an institutional investor luncheon hosted by Morgan Stanley in Manhattan on Tuesday, meeting roughly 300 institutional investors. The IPO’s pricing is expected to be finalized Thursday afternoon. The company’s roadshow materials highlight three key growth engines: Starlink, artificial intelligence (AI), and space-based data centers. SpaceX projects its AI business could reach a potential market size as high as $23 trillion. The firm notes that deploying data centers in space will address capacity limitations of ground infrastructure and help f