ZEC Plunges 50% in a Day! "BTC OG Whale's Insider Agent" Short Position Soars to the Top of On-Chain Rankings
June 5, On-chain analyst Ai Auntie (@ai_9684xtpa) noted that the address tied to "BTC OG Insider Whale" Garrett Jin held a $19.45 million short position in ZEC, and has now booked $16.48 million in profits. The average entry price for this position stands at $626.47, and the address currently ranks first on Hyperliquid’s ZEC profit leaderboard.
Per HTX market data, ZEC has plunged below $300 to trade at $263.19, representing a 54.84% decrease over the past 24 hours.
Earlier reports confirmed that ZEC’s infinite issuance bug was identified by Anthropic Opus 4.8. The Zcash Open Development Lab (ZODL) then coordinated an emergency response within the Zcash ecosystem, and the necessary fix was finalized on June 2.
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"The Wall Street Whiz Kid" Warns: Market 'Digestion Period' Is Coming, Big Rally Expected After US Midterm Elections
On June 5th, Fundstrat strategist Tom Lee told CNBC in a recent interview that the current stock market is unfolding within a three-stage cycle. A well-known Wall Street bullish analyst with a track record of correctly timing bull market rallies multiple times over the past few years, Lee notes this round of gains will not be a straight upward trajectory. As of early June, the S&P 500 has climbed nearly 11% year-to-date, even amid headwinds like ongoing debates over artificial intelligence (AI) prospects and inflationary pressure from rising energy prices.
Lee identifies corporate earnings beating market expectations as the core driver of the rally. Prior to first-quarter results, consensus forecasts had pegged S&P 500 earnings per share (EPS) at around $70; actual EPS came in close to $80. If this trend continues, full-year EPS could rise by an additional $40— a development that theoretically would provide the S&P 500 with upside of 800 to 1000 points. For now, Lee says the current u
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Affected by Binance Delisting, Relevant Token Experiences Sharp Decline
On June 5, cryptocurrency exchange Binance announced it would delist the COS, D, HIGH, and MBOX tokens, citing results from an internal audit.
In the wake of the announcement, COS plummeted 22.83% over a short period, D dropped 22.28%, HIGH fell 24.53%, and MBOX declined 18.42%.
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Convalt Energy plans to invest $6.2 billion to build a hydroelectric project and data center in Africa
According to a Bloomberg report published on June 5, U.S.-based firm Convalt Energy has agreed to invest $6.2 billion to build a 1,200-megawatt hydroelectric project and an artificial intelligence (AI) data center in the African country of Lesotho.
Lesotho government spokesperson Boitelo Rabele stated in an official press release that this is the largest foreign investment project in the southern African nation’s history. The project will help Lesotho lower its dependence on imported energy and create a significant number of local jobs.
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Binance will delist COS, D, HIGH, MBOX
June 5 – Per an official announcement, Binance will halt trading and delist the following assets on June 19, 2026, at 11:00 UTC+8: Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX).
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"The Largest Long Position on Hyperliquid" is currently facing an unrealized loss of $73.66 million, with the liquidation price for the ETH long position ranging from $1,300 to $1,400.
June 5 update from Ashes Monitor: A large trader dubbed the "Largest Long Position on Hyperliquid" opened a long position of 120,000 ETH at an average entry price of $2,261, worth approximately $271 million. The position is currently underwater by $73.66 million, with its liquidation price set between $1,300 and $1,400. To avoid being liquidated, the trader added an extra $26 million in collateral over the past several days.
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