Bankless Co-founder Rug Pulls on Fork Coin, ZEC Plunges Over 32% in 24 Hours

June 5, NVIDIA CEO Jensen Huang said robotic technology can be applied to South Korea's industries, adding that robotics is poised to become South Korea's next key industry.

June 5 — Per an official announcement from Binance Wallet, the new round of Binance Alpha airdrop will launch for trading at 3:00 PM today, with Alpha airdrop claims opening at the same time. Eligible users must hold at least 241 Binance Alpha points to participate in the airdrop, which operates on a "first-come, first-served" basis and will continue until the airdrop pool is fully distributed or the event concludes. The official statement added that the exact names of the airdrop projects and their tokens will be revealed at a later date; users are recommended to follow Binance’s official channels for the most up-to-date information.

June 5: Per monitoring from Onchain Lens, this crypto whale once again deposited 250,000 USDC into HyperLiquid to open a 25x leveraged long position on ETH. His current losses have topped $34.5 million, bringing his total losses since September 2025 to more than $78.35 million.

On June 5, data from Bitget showed that the Hong Kong-listed AI application sector extended its decline. MINIMAX fell more than 13%, WiseEye and UMeng Education each dropped over 9%, and SenseTime declined by more than 8%.

June 5 – Per Hyperinsight monitoring, a recent analysis from the Hyperliquid platform has identified a trader focused on holding a long position in ZEC. Ahead of today’s settlement price, the trader executed multiple rounds of manual deleveraging, gradually lowering their liquidation line to mitigate risk. The wallet address in question had previously amassed a long position of 13,000 ZEC. Now, their holdings have shrunk to 5,080 ZEC – roughly $2.02 million – with a liquidation price set at $383.8. This makes it the closest million-level position address to liquidation currently. As of press time, ZEC trades around $388, putting the address less than $6 away from being liquidated. The remaining position carries an unrealized loss of approximately $700,000, equal to 2.5 times its initial margin. Adding in losses from earlier deleveraging rounds, the total accumulated loss over the past 24 hours hits $3 million. Wallet Address: 0xb2662fca65f6446b8b1898340118d44d680a4449 Addit

On June 5th, Adam, a researcher at GreekLive, published a post noting that 25,600 Bitcoin (BTC) options were set to expire that day. The put-call ratio stood at 0.56, with a maximum pain point (MP) of $70,500 and a notional value of $16.2 billion. Additionally, 155,000 Ethereum (ETH) options expired, with a put-call ratio of 0.92, an MP of $2,000, and a notional value of $2.7 billion. This week, Bitcoin saw a sharp plunge, hitting near $60,000 at its lowest point. The rapid drop pushed both BTC and ETH prices well below their respective maximum pain support levels. The bearish trend further worsened already low market sentiment: only 6% of this week’s options expired, shifting most of the market’s focus to U.S. stocks. Looking at key options data, as prices continued to fall, Bitcoin’s Gamma Exposure (GEX) landed between $60,000 and $63,000, with a notable negative skew on the Skew index. Despite the large price swing, implied volatility (IV) edged slightly higher after last month’s