A whale conducted a 1x leverage long position on 21,000 ZEC, worth approximately $8.44 million.
June 5th: Per Hyperinsight’s monitoring (https://t.me/HyperInsight), ZEC witnessed a sharp decline, prompting a whale’s bottom-fishing on Hyperliquid. Three hours ago, a whale opened a long position of 21,500 ZEC with 1x leverage, valued at ~$8.44 million. Current floating loss stands at $520,000 (-6.1%), with an average entry price of $415.46. Wallet Address: 0x089fe537f4b2af55fa990bc64ff4125800bba4f8.
6 minutes ago
Bankless Co-Founder Responds to Rug Pull, Only ZEC in Unrealized Loss
On June 5, Bankless co-founder David Hoffman—who’d previously sold off all his Ethereum (ETH) holdings—snapped up altcoins VVV, NEAR, ZEC, HYPE, and LIT. Today, those altcoin positions took a massive tumble: ZEC crashed more than 32% in the last 24 hours, while NEAR, VVV, and LIT all dropped over 20% during that same window. Hoffman responded to the slump, stating, “The only one actually underwater is ZEC.” Prior reports have already revealed Hoffman’s entry prices for the four altcoins: NEAR at around $1.40, HYPE at roughly $45, ZEC at approximately $560, and LIT at about $1.35.
6 minutes ago
S&P Global Inc.: Mega IPOs Such as SpaceX Won't Be Quickly Added to S&P 500 Index
June 5: Standard & Poor’s Global announced Thursday it will retain eligibility criteria for key benchmarks including the S&P 500 Index, nixing a proposal to fast-track giant firms like SpaceX immediately after their initial public offering (IPO).
In a press release, the S&P Index clarified it will not shorten the current 12-month “seasoning period” for newly listed companies, nor will it waive existing profitability and public float requirements based solely on company size.
This means SpaceX will need to wait at least one full year after its IPO to qualify for inclusion in the S&P 500, and it must meet the index’s standard rules: GAAP profitability in its most recent quarter, cumulative GAAP profits over the past four quarters, and a public float of no less than 50%.
6 minutes ago
Bankless Co-founder Rug Pulls on Fork Coin, ZEC Plunges Over 32% in 24 Hours
On June 5, per HTX market data, tokens from Bankless co-founder David Hoffman’s publicly disclosed rebalanced holdings posted sharp declines today. The portfolio assets saw notable drops in a 24-hour window:
- ZEC tumbled over 32%, now trading at $401.58;
- NEAR fell more than 22%, at $2.136 currently;
- VVV dropped over 21%, priced at $15.79 as of press time;
- LIT’s price slid more than 21%, standing at $1.388;
- HYPE decreased by over 15%, trading at $62.5.
Earlier, Hoffman stated that after liquidating his entire Ethereum (ETH) position, he immediately allocated roughly 50% of the proceeds to purchase VVV, NEAR, ZEC, and HYPE. The other 50% of the funds were held as cash reserves for gradual dollar-cost averaging (DCA) entries, but he has now used all of that cash to buy LIT.
6 minutes ago
Coinbase Bitcoin Premium Index has recorded a negative value for 18 consecutive days, indicating sustained weak buying power in the U.S. market
As of June 5, data from Coinglass shows that Coinbase’s Bitcoin Premium Index has been in negative territory for 18 consecutive days, currently standing at -0.1347%—a trend signaling continued weak buying power for Bitcoin in the U.S. market.
The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on the Coinbase platform and the global average Bitcoin price. A negative premium typically indicates greater selling pressure in the U.S. market, reduced investor risk appetite, growing market risk aversion, or capital outflows from the U.S. crypto space.
6 minutes ago
Hedge Fund Predicts Claude's End-User Scale Will Reach $500 Million, Enterprise Market Holds the Greatest AI Dividend
Here’s the revised English version adapted to American language conventions:
Per monitoring from the Telegram channel Dynamic Beating (https://t.me/OneMillion_AI), Alex Sacerdote, founder and CEO of hedge fund Whale Rock, shared critical updates at the Sohn Montreal Investment Conference on June 4. As an early investor in Anthropic’s Series G round, Sacerdote revealed that daily active users (DAU) for Anthropic’s Claude have surged to 14 million—up from just 2 million last year. He projects the chatbot’s long-term user base could reach 500 million.
Sacerdote framed the current AI industry as being in the very early stages of vertical growth, comparing the past three years to a “search engine on steroids” while emphasizing that the enterprise market remains the sector’s “real ultimate prize.”
Pushback against AI bubble theories was another key point from Sacerdote: he argued today’s AI leaders have solid profitability and far more reasonable valuations than 1999 internet bubble giant
6 minutes ago
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