Affected by the Humanity attack, H Plunges Over 90%

June 9: Citrini Research — the organization behind the "AI Doomsday Report" — has named decentralized perpetual contract trading platform Hyperliquid and its native HYPE token a new "attractive" investment target. In its report, Citrini stated: "Unlike most narrative-driven assets in the crypto market, including Bitcoin, HYPE generates real cash flow and even includes a built-in buyback mechanism." Hyperliquid generated roughly $10.6 billion in annualized revenue, with approximately $220 billion in perpetual contract trading volume over the most recent 30 days, per the research. Over 90% of the platform’s revenue is transferred to its Assistance Fund, which is systematically deployed to purchase HYPE on open markets. Since launching in January 2025, the Assistance Fund has accumulated more than $2 billion in HYPE buys — accounting for about half of all token buyback activity across the crypto industry last year. Hyperliquid has emerged as a leading name in decentralized perpetual con

June 9: Onchain Lens detected that a newly created wallet deposited 1.19 million USDC into HyperLiquid and opened long positions totaling $19.8 million: 11,475 ETH at 20x leverage and 11,225 HYPE at 10x leverage.

June 9: Humanity Protocol founder Terence Kwok announced on X that the team has detected a security incident involving the leak of a private key belonging to a Humanity Foundation member. The team is advising users to avoid interacting with the project’s bridging contracts or any liquidity pools until the security issue is fully confirmed. To resolve the problem, the team is working with security experts and exchange partners, and will continue updating the community on progress. This comes after a prior attack on Humanity Protocol that resulted in losses exceeding $31 million. As a result, the project’s native token (H) briefly fell below $0.051, and is currently trading at $0.0673—representing a more than 90% drop in value over the past 24 hours.

June 9: According to Bitget market data, South Korea’s KOSPI index gained 3.7% intraday, now trading at 7762.14 points. SK Hynix is currently up by 8.11%, while Samsung Electronics is rising 4.06%.

**June 9 Crypto Update: Bitcoin’s Accumulation Signals Emerge Amid Downside Risks** Bitcoin is currently facing near-term downward pressure, but multiple on-chain metrics are signaling growing accumulation. Michael van de Poppe, founder of MN Capital, pointed out that Bitcoin’s daily chart and two-week RSI have hit historic lows—what he terms the "best time to accumulate and buy Bitcoin." He added that while panic selling could persist, this may present a rare buying opportunity. On-chain data from the past 60 days shows clear tiered accumulation trends: Wallets holding 1,000 to 10,000 BTC led the accumulation, adding 53,042 BTC. Next, wallets with 100 to 1,000 BTC accumulated 12,233 BTC, followed by 10 to 100 BTC wallets at 1,283 BTC. However, the largest holders (wallets with over 10,000 BTC) cut their holdings by 39,840 BTC in the same period, while wallets holding 1 to 10 BTC also reduced exposure. Crypto analyst Titan noted Bitcoin’s quarterly fair value gap stands between

June 9: Bithumb to list the CTR/KRW trading pair, per an official announcement.