Prominent Short Seller 'Abraxas Capital' has accumulated a total profit of $301 million across all trades, with $33.83 million specifically generated from funding rate arbitrage.

June 4 Official Notice: Binance will temporarily pause its stock trading services for a planned system upgrade conducted by a partner brokerage, according to official sources. Scheduled upgrade window: June 6, 2026, 7:50 AM to June 7, 2026, 12:00 AM (Beijing Time) Binance strongly advises users to cancel all pending Binance stock trading orders before the scheduled upgrade to avoid potential losses. Any active stock orders remaining during the upgrade will be automatically canceled on June 5, 2026, at 11:50 PM UTC.

On June 4, Lebanese national media reported that Israel launched an attack against Lebanon after both sides agreed to a conditional ceasefire. (Xinhua)

On June 4th, Arthur Hayes took to social media to announce he has closed all his positions in HYPE and NEAR. He noted the full reasoning behind the move will be laid out in an upcoming article titled "Reality Check," set to release next Tuesday. Key takeaways from his announcement include: - Energy prices are rising, driven by the Iran conflict and inventory restocking activities - Three major AI projects are scheduled to go public between now and early Q3 - Hayes predicts Trump will pivot to an anti-AI stance to boost the Republican Party’s chances in the midterm elections - He forecasts the market will hit its peak between today and September - It’s time to take profits now

June 4th: Per on-chain analyst yujin’s monitoring, all 116.3 BTC (worth approximately $8.25 million) that were moved from Mt. Gox’s cold wallet two days ago were fully transferred to crypto exchange Bitstamp yesterday.

On June 4, U.S. stock market KOL Herman Jin (@ShanghaoJin) commented on social media about Broadcom (ticker: AVGO), which posted a 13.78% drop in after-hours trading. Jin, a former Asia Fixed Income, Currencies & Commodities (FICC) CEO and Managing Director at Goldman Sachs with over 18 years at the bank’s Hong Kong office (starting around 2008), called this adjustment a “temporary pain.” He noted that the market currently has very low tolerance for such moves, but stressed that the fundamentals of key AVGO suppliers remain positive, making this not a systemic issue. However, he also sounded a cautionary note about risks: AVGO failed to exceed market expectations (it did not raise its full-year AI chip guidance), yet the stock still plummeted sharply. This sell-off has exposed a critical vulnerability in the entire AI supply chain—even small shifts in investor expectations can trigger drastic price swings across the sector. According to a prior BlockBeats report, Broadcom’s below-for

June 4, According to a New York Times report, even if the U.S. eventually reaches a peace deal with Iran, it could still take a long time for normal shipping to resume through the Strait of Hormuz. Major security risks and surging war insurance costs mean global energy trade is unlikely to rebound to pre-crisis levels anytime soon. The U.S., Canada, Brazil, Kazakhstan, Venezuela, and other oil-producing nations are ramping up crude oil output. The U.S. Strategic Petroleum Reserve (SPR) is continuing to release stockpiles to ease supply shortages. At the same time, Saudi Arabia and the United Arab Emirates are diverting some of the transport demand that once relied on the Strait of Hormuz via onshore oil pipelines. Still, the Gulf region’s economy is facing intense pressure. Qatar’s liquefied natural gas (LNG) exports are heavily dependent on the Strait of Hormuz; the International Monetary Fund (IMF) projects its economy could shrink by roughly 9% this year. Overall economic growth f