US-Iran Talks Unlikely, Market Slumps Again: Bitcoin Briefly Dips Below $74,000, Oil Gaps Up on Open, US Stock Futures Fall Collectively

According to TradingBeats, ZEC is trading at approximately $1,445.2, down around 7.7% over the past 24 hours. On Hyperliquid, the long position at address 0xcbab has voluntarily reduced its ZEC holdings by about $5.245 million today, yet still holds roughly $12.921 million in long positions, with its liquidation price roughly 4.92% below the current level. This address currently holds 8,933.8 ZEC, at an average entry price of approximately $1,477.48, with an unrealized loss of about $279,000. Its liquidation price stands at $1,374.16. In the same segment, the address starting with 0xabf6 still holds 1,976.18 ZEC in long positions, valued at roughly $2.857 million, with an estimated liquidation price of $1,380.28, some 4.49% below the current price. The combined liquidation risk of these two addresses' long positions, totaling around $15.778 million, is concentrated in the $1,374 to $1,380 range. Before reaching this concentrated risk zone, two additional long positions have closer liquidation thresholds: Address 0xc46a holds a ZEC long position worth approximately $1.642 million, with an estimated liquidation price of $1,411.99, about 2.30% below the current price; Address 0x421e holds a ZEC long position of roughly $558,000, with an estimated liquidation price of $1,397.31, some 3.31% below the current price. The four addresses collectively hold around $17.978 million in ZEC long positions.

According to data from Hypeflows, Hyperliquid currently holds a 10.9% share of the global perpetual contract market (including all centralized exchanges such as Binance, Bybit, and OKX) based on open interest, hitting an all-time high. Per HTX market data, HYPE is trading at $91.32, down 1.7% in the past 24 hours.

Jiang Zhuoer, founder of ViaBTC, stated in a post that after ZEC dropped to $1,445, Garrett Jin—previously the agent of the so-called "BTC OG insider whale"—shorted ZEC, sparking market speculation that he was deliberately creating a counterparty to draw retail investors into going long. Now that the "target" (his massive spot holdings) has disappeared after he revealed his large spot positions, his roughly 200,000 ZEC holdings (accounting for ~1% of total supply) could become potential selling pressure, leading to the conclusion that this round of ZEC rally may be nearing its end. Facing such a whale-manipulated coin, given the information disadvantage against the counterparty, he will not participate in trading it.

Beating AI News: Silicon Flow, a third-party AI inference infrastructure firm that converts computing power and models into directly callable token-based services, announced the completion of the second phase of its B+ round and C round financing. The company’s cumulative equity financing in 2026 has reached nearly 2.9 billion yuan, with the amounts of the two latest rounds undisclosed. Based on 2025 annual token throughput, Silicon Flow ranks fourth among all token suppliers in China, holding a mere 1.5% market share. The top three players—Volcano Engine, Alibaba Cloud, and Baidu Intelligent Cloud—hold 42.7%, 32.5%, and 11.8% respectively, together accounting for around 87% of the market. The latest round has a strong state-owned capital background, with new investors including China Internet Investment Fund, Guoxin Fund, China Mobile’s Chain Length Fund, and China Orient Asset Management International, while existing investors Yaotu Capital, Shengyi Capital, and Cathaya Capital made follow-on investments. Silicon Flow reported 2025 revenue of 55.33 million yuan, a net loss of 345 million yuan, and an overall gross margin of -24%. The company submitted an application to the Hong Kong Stock Exchange by the end of June, currently seeking a main board listing under Chapter 18C for pre-commercial companies. Beijing has recently released the country’s first provincial-level special policy on token economy, explicitly proposing to build a "world-class token factory" and listing key priorities including inference engines, model-chip adaptation, and heterogeneous computing power.

According to official announcements, Binance Wallet has launched a Pre-Access campaign powered by PancakeSwap, allowing users to gain indirect exposure to high-profile private companies via tokenization ahead of their potential IPOs. The service is accessible via Binance Wallet and operates on a fully on-chain, self-custody model, with its first project set to be announced soon. Users can increase their Pre-Access quotas by earning Alpha points, as well as through on-chain bStocks trading volume and holdings. All related assets are transacted on-chain in users’ own wallets, with full self-custody retained by the users. Binance Wallet noted that Pre-Access is just one part of its on-chain TradFi (Traditional Finance) initiative, adding that it will integrate products like Pre-Access and RWA (Real-World Assets) in the future to offer users a unified on-chain investment gateway. The platform stated that early investment opportunities, which were previously restricted by geography, wealth levels, and institutional status, are now gradually being opened up to retail users.

According to Farside's monitoring data, U.S. spot Bitcoin ETFs recorded a net inflow of $6.1 million this week, while U.S. spot Ethereum ETFs saw a net outflow of $140.6 million.