A certain new address withdrew 82,000 HYPE coins again, accumulating 1.14 million HYPE coins in the past week.

June 8, per monitoring by Hyperinsight (https://t.me/HyperInsight), no whale participants in BTC trading have yet held long positions worth over tens of millions of dollars for more than one hour. As of press time, the largest BTC bull, nicknamed the "BTC OG Insider Whale," is still sitting on an unrealized loss of $16.3 million. Over the past 30 minutes, the second-largest BTC short holder placed a buy order at $60,093, planning to close their position to break even once the price falls to that level. Data shows this whale liquidated its entire position two days ago amid the price drop and opened a short position of $26.25 million at a relatively low point. Its cumulative loss has now exceeded $1.25 million. Address: 0x0ad9e656d9e6211d0ea1c5462342e1fc94cc4cbf

June 8 — Mike McGlone, senior commodity strategist at Bloomberg Intelligence, reports silver once rallied more than 60% in 2026, but as of June 5, all those gains have been erased. In his latest analysis, McGlone highlights that this reversal could not only weigh on silver directly, but also create spillover pressure for gold and broader risk assets. Per the chart McGlone shared, silver has hit a critical turning point in its recent high range after years of cyclical fluctuations, sharply retracing its year-to-date (YTD) gains. This move aligns with inflation indicators and the overall risk asset cycle. McGlone believes this trend shift signals fading momentum in the "inflation trade" and points to a potential return of deflation, which could put downward pressure on risk assets like stocks.

June 8th — According to Hyperinsight’s monitoring (via https://t.me/HyperInsight), a whale trader on Hyperliquid opened a long position on SKHYNIX with 2x leverage at 7:50 AM today, shortly after news emerged of an upcoming long-term partnership between NVIDIA and SK Hynix. At the time, the market had not yet fully priced in that positive development, so SKHYNIX was hovering around the $1,200 mark. As the partnership’s bullish momentum continued to build, the whale steadily added to their position as SKHYNIX rallied, eventually growing their total position size to $3.8 million with an average entry price of $1,239. SKHYNIX subsequently spiked to a high of $1,300. As of press time, the address’s unrealized gains stand at $140,000. Trader Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b

On June 8, monitoring from Onchain Lens shows BlackRock has deposited 3,300 BTC (valued at roughly $209.22 million) and 15,095 ETH (worth approximately $25.17 million) into Coinbase. Additional asset deposits from BlackRock may occur in the future.

On June 8, leading crypto exchange Bitget launched its Zero-Fee Mode for CFD trading, per an official announcement. This new mode lets users trade CFD products with zero trading commissions, while pricing is based on standard spreads. Traders can switch freely between ECN Mode and Zero-Fee Mode based on their individual preferences. ECN Mode uses a low-spread-plus-commission structure, ideal for short-term, high-frequency traders. Meanwhile, the Zero-Fee Mode features zero commissions paired with standard spreads, making it a better fit for medium-to-long term holding strategies and low-frequency trading.

On June 8, stablecoin issuer Circle continues to draw market attention following its public listing, while global regulatory frameworks for stablecoins are taking shape gradually—this has reignited the stablecoin race. Recent shifts have also shined a fresh spotlight on stablecoins’ compliance and infrastructural capabilities, pushing these digital assets to evolve beyond a mere cryptocurrency trading tool into a wider range of financial applications. Against this backdrop, stablecoins’ utility is expanding rapidly. No longer limited to settling crypto asset transactions, they are increasingly being used for cross-border payments, consumer settlements, and global asset allocation—further cementing the "on-chain dollar" concept. Mainstream stablecoins like USDT, once closely tied to digital asset trading, are now being leveraged by some users to participate in U.S. and Hong Kong stock market activities as well. BiyaPay currently allows users to directly trade U.S. and Hong Kong stocks