The Perpetual Funding Rate on the Whole Network Drops to the Extreme Negative Value, While the Rate Soars Unusually on Binance

June 9 — U.S. President Trump announced that negotiations between the U.S. and Iran are still ongoing. A proposal for the Iran deal may be put forward in the next few days, he stated. The blockade remains in effect, per Xinhua.

June 9: South Korea’s KOSPI index surged 8% intraday to 8,084.10 points as of press time, per Bitget Markets data. SK Hynix soared 12.4% and Samsung advanced 7.61%.

June 9: Per monitoring by LookOnChain, a hacker has acquired 18,510 ETH (approximately $30.83 million) and 1,548 BNB (roughly $0.924 million) via selling H tokens. The hacker still holds 111.36 million H tokens (valued at around $14 million) available for sale, but on-chain liquidity has completely dried up.

June 9 Market Update: Per recent market data, as the Humanity Protocol “attack” incident continues to develop, H’s on-chain prices and those on centralized exchanges (CEXs) have fully decoupled. As of press time, H’s on-chain price on the Binance Smart Chain (BSC) stands at $0.005. Unusual price mismatches have emerged across CEXs: prices differ not only between different platforms, but also between spot and futures contracts on the same exchange. At press time, Binance’s H futures price is $0.075, 15 times higher than the on-chain rate; Bybit’s futures price hits $0.091 (18x on-chain), while its spot price reaches $0.157 (31x on-chain). Kucoin also shows gaps between its contract price ($0.091) and spot price ($0.15), and Kraken’s H spot price is $0.2, a 40x premium over the on-chain price. Amid this chaotic situation, it is speculated that most CEXs may have closed their deposit channels. The price war unfolding on CEX platforms is no longer tied to the actual on-chain value, as ma

June 9 – Hyperinsight monitoring indicates the semiconductor sector has bounced back strongly over the past two days after a sharp pullback. Cerebras (CBRS) led the gains in this trading round, continuing its upward trend in after-hours sessions. On the Hyperliquid platform, CBRS contracts surged 20% in 24 hours to $242, yet they are still around 36% lower than their opening-day all-time high. As a rival to NVIDIA and this year’s largest AI chip initial public offering (IPO), Cerebras has been reinvigorated by upbeat sentiment in the AI semiconductor space, fueling its notable price rally. During this rebound, the largest long-position holder for CBRS on Hyperliquid, a trader known as CBB, has reversed his bet: He opened a long position with 17,804 contracts at 2x leverage, totaling roughly $4.31 million at an average entry price of $224. His current unrealized gains hit $326,000. Wallet address: 0xefd3ab65915e35105caa462442c9ecc1346728df

Per data from Farside Investors, U.S. Bitcoin spot ETFs posted a net outflow of $91.4 million on June 8 (June 9 is the date of this report). The breakdown of flows for Bitcoin spot ETFs is: BlackRock’s IBIT saw an outflow of $2.329 billion; Fidelity’s FBTC recorded an inflow of $59.4 million; Bitwise’s BITB had an inflow of $14.1 million; ARK’s ARKB posted an inflow of $63.1 million; and Morgan Stanley’s MSBT saw an inflow of $4.9 million. Meanwhile, U.S. Ethereum spot ETFs reported a net inflow of $82.4 million on June 8, per the same data. Ethereum spot ETF flow details: BlackRock’s ETHA added $17.8 million; BlackRock’s ETHB brought in $26.9 million; Fidelity’s FETH posted an inflow of $28.6 million; Bitwise’s ETHW took in $3 million; 21shares’ TETH saw an inflow of $1.3 million; VanEck’s ETHV recorded an outflow of $3.7 million; and Grayscale’s Mini ETH notched an inflow of $8 million.