Elon Musk Responds to X Official Mascot Request, Meme Coin ASTEROID Surges Over $10 Million

June 4 — Jess Asato, a UK Labour Party Member of Parliament, has filed a lawsuit in the UK High Court against Elon Musk’s AI startup xAI, alleging its Grok chatbot was used to generate deepfake pornographic and sexually explicit content involving her. Asato states that after she publicly criticized Grok in January, users exploited the model to create and spread fake images of her in a bikini, plus a deepfake video depicting a sexual assault scenario. She argues this capability to produce such content was not an abuse of the tool, but a deliberate design choice by xAI. The lawsuit cites the UK’s Data Protection Act and laws against misuse of private information. Beyond seeking financial damages, Asato aims to set a legal precedent holding AI companies accountable for their model’s design, and push tech firms to strengthen their security protocols. Earlier, following public backlash, xAI announced it would ban Grok users from generating sexually explicit images of real people. In the

June 4th, according to Hyperinsight Monitoring (https://t.me/HyperInsight), a whale on Hyperliquid fully closed out their HYPE long position amid HYPE’s afternoon price decline, taking an approximate $1.52 million loss. This long position had previously reached $18.42 million. In the past hour, the whale has pivoted to BTC, opening a long position of 330.2 BTC with 40x leverage. The position is valued at roughly $20.8 million, with an average entry price of $63,303 and a liquidation price of $62,455. This makes the whale the BTC long trader closest to liquidation on Hyperliquid, with less than $500 (0.7%) separating their position from liquidation. Wallet Address: 0xc6fee72e2dfb27d75c282747f268738c7bc179b1

June 4, per HTX market data, Bitcoin once again dipped below $63,000, logging a 6.01% decrease over the 24-hour period. U.S. premarket trading for crypto-related stocks continued to slide, with the following tickers seeing losses: MSTR fell 1.19%, COIN dipped 1.38%, CRCL declined 0.80%, SBET dropped 2.53%, BMNR slipped 2.31%, HOOD retreated 2.75%, and PURR plummeted 8.29%.

June 4 – Pre-market crypto-linked stocks on U.S. equities markets extended losses, per Bitget market data. Declines were recorded across the following names: MSTR fell 1.19%, COIN dropped 1.38%, CRCL declined 0.80%, SBET fell 2.53%, BMNR dropped 2.31%, HOOD lost 2.75%, while PURR plunged 8.29%.

June 4 — Sources cited by Al Arabiya report that the agreement to unfreeze Iran’s frozen funds is in its final stages, with the primary hurdle being the disposal structure for a portion of those assets. A proposal to establish a special fund to hold Iran’s frozen overseas assets is currently under discussion. Separately, Trump has informed the mediator that he opposes releasing funds to Iran prior to the formal signing of the agreement. The special fund framework could allow for gradual, internationally supervised fund disbursement, potentially bridging the divide between U.S. concerns over Iran gaining immediate access to cash and Iran’s demand for tangible economic relief. Giuseppe Dellamotta, an analyst at U.S. financial website InvestingLive, stated that the dispute over frozen assets has been a recurring theme throughout the entirety of the negotiation process. Recent weeks’ reports indicate Iranian negotiators have been pushing to unfreeze billions in assets held abroad — parti

June 4 — According to a report from CCTV News, Pakistan’s Foreign Ministry spokesperson Andlaibi stated at a press conference that Pakistan welcomes the United States’ efforts to broker a ceasefire between Israel and Lebanon. Additionally, he noted that Pakistan’s efforts to maintain peace and security in the Middle East are ongoing, with the country consistently following a policy of dialogue and diplomacy. As a mediator and facilitator, Pakistan is optimistic about the U.S.-Iran ceasefire.