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.

On June 16, according to HyperInsight’s monitoring, HYPE has seen six straight days of consecutive rebounds, breaking through $68 from its phase low of $53. The on-chain address holding HYPE’s largest long position has recorded a continuous increase in unrealized gains. Specifically, address "0x082e" maintains a long position totaling $93 million in HYPE, with an entry price of $38.67 and current unrealized gains amounting to $39.6 million.

June 16 – Per on-chain analyst Ai Whale (@ai_9684xtpa), the derivatives whale codenamed “First Set 10 Big Targets” placed a short order for 160.372 BTC at a planned entry price of $66,550, with a total position value of roughly $10.67 million. The community suspects a separate sell order of 605.73 BTC at the same price level also belongs to this whale. If confirmed, the total position size would hit $40.31 million, and the order is almost fully filled.

**June 16 Update**: DeFi protocol Pendle has landed on *Fortune*’s Cryptocurrency Innovators List, claiming a top 30 spot out of over 150 submissions—joining traditional finance heavyweights like J.P. Morgan, DBS Bank, and SBI Holdings in the ranking. Pendle fills a longstanding gap in crypto’s on-chain fixed income ecosystem: while variable on-chain yields are widespread, tools to lock in a fixed interest rate or place directional bets on asset duration have been largely missing. Today, Pendle’s protocol holds over $1 billion in total value locked (TVL), with a growing share of that coming from stablecoin yield markets and institutional structured funds. Since launching its sPENDLE token, the Pendle team has redeemed 1,722,192 PENDLE tokens from the open market, distributing every single one to sPENDLE holders. Year-to-date, sPENDLE holders have received roughly $1.4 million in airdrop rewards from the protocol. The team noted “the work is not yet done,” with additional progress alr

According to monitoring by Donews Beating, independent semiconductor and AI research firm SemiAnalysis stated that Anthropic’s recently released Fable 5 AI model has been forced offline. The Trump administration, citing national security concerns, has requested restrictions on foreign access to two of Anthropic’s advanced AI models—Fable 5 and Mythos 5. If Anthropic faces a ban on these models, it could follow the playbook of Wave Computing by renaming the models to evade U.S. government sanctions. GPU server maker Wave Computing previously bypassed U.S. sanctions by rebranding itself as Aivres, continuing to sell servers in the U.S. at prices about 30% lower than those of its American competitors. On June 8, the U.S. Department of Defense updated its sanctions list to prominently include Wave Computing Group—though Aivres, its copycat iteration, was not added to the list. Click the original link below to join Donews Beating’s Feishu AI News Channel, which monitors global AI hot top

June 16: SpaceX (SPCX) trading volume on Hyperliquid’s Layer Perp DEX Trade.xyz surpassed HYPE, hitting $920 million to rank third among all trading pairs globally—trailing only BTC ($1.99 billion) and ETH ($1.12 billion). On Binance, the SPCX futures contract posted a 24-hour trading volume of $2.894 billion.