HK Stock: SmartEdge Continues to Fall, Drops Another 10% in Today's Trading

On June 1, Microsoft shares rose 2% in pre-market trading, while MediaTek surged 5.92% amid news that the two companies are partnering with NVIDIA to launch the RTX Spark series SoC chipset.

June 1: Fueled by the ongoing AI investment craze, the so-called "Stock God" Serenity has surged to internet fame. The figure’s X account boasts 43,000 followers—only 4,000 short of the platform’s top account, Musk’s, which has 47,000 followers. BlockBeats Note: Serenity is a well-known personality on Reddit’s WallStreetBets (WSB) forum, wielding notable influence among veteran traders. The analyst consistently shares his core research findings for free, focusing on key nodes in NVIDIA’s AI chip supply chain. By conducting in-depth analysis of the "screw-type" components that are indispensable to chip manufacturing and packaging, Serenity successfully pinpoints supply chain chokepoints. Building on these insights, he targets upstream entities characterized by scarcity and strong bargaining power for investment opportunities.

June 1: According to GMGN monitoring, the meme coin "Binance Life" hit a new all-time high with a $700 million market cap in the early hours of today, before a slight retracement. Since its launch on the evening of May 30, the token has logged an overall gain of 53.8%. As of press time, its market cap stands at around $650 million, representing a 26% increase over the past 24 hours, with on-chain trading volume hitting $18.4 million in the same period. The $700 million peak earlier this morning was fueled by a large-scale buy by trader address 0x82. This address purchased approximately 8.1 million tokens at 4 a.m. today, worth roughly $4.98 million—the single largest transaction of the day. Currently, this address holds 5.27 million tokens in its on-chain wallet. BlockBeats Reminder: Meme coins are highly volatile, driven primarily by market sentiment and hype rather than actual intrinsic value or practical utility. Investors should exercise caution given the significant risks in

June 1 Update: According to Galaxy Research, in March of this year, the New York State Supreme Court quietly accepted a lawsuit seeking to confirm ownership of over 3.7 million bitcoins (roughly $274 billion) tied to 39,069 crypto addresses—including entries linked to Bitcoin’s anonymous creator Satoshi Nakamoto. Those Nakamoto-related addresses total 21,744 holdings, containing 1.09 million bitcoins worth $83.7 billion at current market rates. The plaintiffs are Noah Doe (a pseudonym) and two undisclosed Wyoming limited liability companies. They are bringing a declaratory judgment action under Rule 3001 of New York’s Civil Practice Law and Rules, claiming under New York’s Abandoned Property Law (Section 7-B of the Personal Property Law) that they own these dormant wallets. At its essence, the case asserts that Bitcoin held in Nakamoto’s addresses (and many other "lost" bitcoin addresses) counts as abandoned property, entitling the plaintiffs to legal ownership because they "found" t

On June 1, Huobi HTX has officially launched its Contract TradFi Stock Trading Competition, per official announcements. Running from now through June 11 at 20:00 UTC, the contest is open to both new and existing platform users. Those who complete designated coin-margined contract trades will split a $50,000 prize pool, with rewards calculated based on their total trading volume. For full terms and details, visit the official website here: https://www.huobi.com/en-us/htx

On June 1st, HYPE briefly crossed $74 this morning, notching another new all-time high. Data from hl.eco shows that HYPE’s TWAP (Time-Weighted Average Price) net buying volume has seen a notable rebound, with over $14.8 million in net buying activity recorded in the next 24-hour period. BlockBeats Note: The TWAP (Time-Weighted Average Price) strategy splits large orders evenly over time into many smaller orders, executing them gradually at fixed intervals within a preset time window. It is a common algorithmic trading approach primarily used to reduce the market price impact of large order executions.