In a recent hour, CHIP liquidation became the top netizen, with on-chain trader 'neoyokio.eth' briefly opening a $2.2 million long position.

Per Bitget market data, U.S. chip stocks traded broadly lower in pre-market hours on June 5. Qualcomm (QCOM.O), Intel (INTC.O), and AMD (AMD.O) each fell around 3%, Taiwan Semiconductor Manufacturing Co. (TSM.N) dropped 2.5%, and NVIDIA (NVDA.O) declined 1.5%.

On June 5, per monitoring by Hyperinsight, during ZEC’s flash crash, prominent Hyperliquid trader Loracle’s long position racked up growing unrealized losses. Faced with the market downturn, this address continuously added to its position counter to the trend, snapped up large volumes of sell-side liquidity, and actively bought the dip, bringing its average entry cost down from over $500 to $354, with the lowest purchase price hitting nearly $250. Via this averaging down strategy, the total position size has ballooned to $10.8 million, with 34,800 ZEC long contracts held – making it the largest ZEC bull on Hyperliquid by default. As of press time, unrealized losses on this long position stand at $1.6 million (a 130% drawdown) and continue to widen. Additionally, the address currently holds long positions in multiple tokens including HYPE, ZEC, and WLD, boasting a combined long position value of $34.6 million and $4 million in total unrealized losses. Address: 0x8def9f50456c6c4e37fa5

As of June 5, data from Coinglass shows total liquidations of ZEC contracts across all crypto networks hit $107 million in the past 24 hours. Of that figure, $76.59 million in long positions and $29.98 million in short positions were liquidated—placing ZEC’s liquidation volume just behind only Bitcoin (BTC) and Ethereum (ETH) among major cryptocurrencies. In the same 24-hour period, ZEC contract trading volume surged 89.28% to $11.55 billion, while open interest dropped 38.56% to $836 million.

On June 5, per HTX market data, Bitcoin has rebounded above $63,000, currently trading at $63,070, down 0.84% over the past 24 hours.

June 5 — The Hong Kong Monetary Authority (HKMA) announced today via an official statement the creation of a Tokenized Bond Expert Group. The group brings together industry experts with relevant experience to focus on growing Hong Kong’s tokenized bond market, advancing the adoption of tokenized bonds in the region and unlocking new potential for the sector. Members of the expert group represent a cross-section of stakeholders: industry associations, financial institutions, law firms, financial infrastructure providers, and technology vendors. Building on progress HKMA has already made on various tokenized bond-related projects, the group will collaborate to examine policy strategies, market best practices, and innovative solutions to support the market’s expansion.

June 5 — According to HTX market data, ZEC dipped to $250.12 at its lowest point and has since edged slightly higher to $295, marking a 48.51% decrease in the past 24 hours. Earlier reports noted that an unlimited inflation bug in ZEC was discovered by Anthropic Opus 4.8. The Zcash Open Development Lab (ZODL) then coordinated an emergency response with the Zcash ecosystem, completing all necessary fixes on June 2.