Binance will suspend token deposits and withdrawals on the Ronin Network to support the network migration

June 5: On-chain analyst Ai Auntie (@ai_9684xtpa) reports that an entity associated with venture capital firm a16z has withdrawn a total of 224,118 HYPE tokens from major centralized exchanges (CEXs) over the past 24 hours, worth $15.156 million. Since 2026, this entity’s total HYPE holdings have grown to 6.906 million tokens, valued at $322 million. With an average acquisition price of $46.7 per token, the position currently carries an unrealized gain of $131 million.

**June 5 (Friday) – South Korea’s stock market plunged steeply Friday, tumbling over 5% amid sharp declines in SK Hynix and Samsung Electronics that triggered a midday trading halt. By press time, the Korea Composite Stock Price Index (Kospi) had widened its drop to more than 6%, with SK Hynix sinking 9%. The sell-off appears tied to two key factors: Broadcom’s AI performance guidance falling short of expectations, and a prominent research report projecting a significant reduction in Nvidia’s memory chip allocations.** **Notably, Jensen Huang, Nvidia’s CEO and widely known as the "AI Master," is scheduled to arrive in South Korea on the afternoon of June 5. Given his recent recommendation of MRVL that boosted its stock price, the market had widely anticipated his visit would lift South Korean equities. As a result, local investors have launched websites to track Huang’s itinerary and analyze how his comments might impact stock prices.** **Huang’s planned activities in South Korea are

June 5, CME Group CEO Terry Duffy expressed "very concerned" about the recently approved U.S. regulated perpetual futures contracts. He believes these instruments offer limited practical value for institutional investors but may expose retail investors to excessive risk. Duffy added he has "serious concerns" regarding the design of the contracts and does not support the CFTC’s approval of the first batch of cryptocurrency price-linked perpetual contracts. He also noted that perpetual contracts and prediction markets reflect a broader trend of retail speculation, comparing this to the risky behavior seen ahead of the 2008 financial crisis (correcting the original year typo from the source material).

June 5 – Fidelity confirmed via its official website that it has significantly lowered the participation threshold for SpaceX’s IPO (ticker: SPCX). Customers now only need to hold at least $2,000 in assets in their retail brokerage accounts to submit a subscription intent for the offering. The firm’s special move to slash the threshold to $2,000 for SpaceX stems from the space company’s plan to allocate up to 30% of its IPO shares to retail investors—far higher than the roughly 10% allocation typical for most IPOs. This larger pool of shares available to public investors has made the offering more accessible, prompting Fidelity to ease the entry requirement.

On the morning of June 5, Zcash founder Zooko released a post-mortem on the critical Orchard vulnerability. The announcement sent ZEC—Zcash’s native token—plummeting more than 30% to a current trading price of $431.64. Security researcher Taylor Hornby unearthed the critical inflation bug in Zcash’s Orchard pool on May 29, notifying the Zcash Open Development Lab (ZODL) immediately. ZODL then led an emergency coordination effort across the broader Zcash ecosystem, and the fix was finalized on June 2.

June 5 – Leading research firm SemiAnalysis published a report yesterday revealing that NVIDIA’s next-generation AI server cluster, codenamed Rubin NVL72, is undergoing a major adjustment to its memory configuration. To address supply chain bottlenecks and ensure the Rubin racks are delivered on schedule, the total capacity per individual rack has been abruptly cut from the original 55TB to 28TB. Additionally, most Rubin systems will now use 96GB SOCAMM modules instead of the initially planned 192GB units. Though SemiAnalysis founder, CEO, and Chief Analyst Dylan Patel later clarified that “this is not a disaster” and emphasized the report was never meant to stoke fear, the market reacted sharply. Micron’s shares plummeted 7.7% in yesterday’s trading, and South Korea’s SK Hynix opened down 8.32% today.