BitFuFu mined a total of 177 BTC in May, with the proportion of self-mined Bitcoin exceeding 50% for the first time.
Nasdaq-listed Bitcoin mining firm BitFuFu released its unaudited May 2026 operational report on June 10. According to the report, the company’s total Bitcoin mining output in May reached 177 coins, a 22.1% month-over-month rise. Of that figure, cloud mining contributed 87 coins, while self-mining added 90 coins—marking the first time self-mining has accounted for over 50% of BitFuFu’s monthly total output.
Operationally, BitFuFu oversaw a total hash rate of 19.5 exahashes per second (EH/s) during May: 3.2 EH/s from its own self-mining operations, and 16.3 EH/s sourced from third-party suppliers and hosting clients.
As of May 31, BitFuFu held 1,855 BTC, a 43-coin increase from the end of April. The company noted that with Bitcoin’s current price entering a consolidation phase, it has proactively adjusted its hash rate allocation to direct more resources toward self-mining, in order to continue building its Bitcoin reserves.
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KOSPI Circuit Breaker Triggered, US Tech Stocks Continue Slide on trade.xyz
June 10: South Korea’s KOSPI index triggered another circuit breaker, led by declines in Samsung and Hynix, slumping 6%. The AI stock correction remains ongoing.
Likely in response to this, the U.S. chip sector extended its downturn on contract targets traded via the trade.xyz platform. As of press time, MRVL stood at $256.45, with a 24-hour drop of 13.88%; LITE was priced at $806.67, posting an 11.54% 24-hour decline.
Separately, on Binance, AAOI traded at $164.31, marking an 18.69% 24-hour fall.
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A major whale closed out a BTC and ETH short position, totaling $80 million
June 10 – Per monitoring from Hyperinsight (via their official Telegram channel @HyperInsight), the top Hyperliquid whale that was shorting both BTC and ETH has fully closed their positions.
Previously, this whale opened a massive short position at maximum leverage, holding short contracts for 782 BTC and 21,429 ETH, with a total notional value of roughly $82 million.
The whale’s average closing prices hit $61,499 per BTC and $1,632 per ETH. Launched earlier in the trading cycle, this short trade netted an approximate $170,000 in total profit.
Whale Wallet Address: 0x50b309f78e774a756a2230e1769729094cac9f20
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Binance to List Zoom, DraftKings, and More TradFi Perpetual Futures Contracts
According to an official Binance announcement, Binance Futures will launch new perpetual contracts on June 10, 2026, at the following times (UTC+8):
- 17:00 UTC+8: ZMUSDT Perpetual Contract
- 17:05 UTC+8: DKNGUSDT Perpetual Contract
- 17:10 UTC+8: RIVNUSDT Perpetual Contract
- 17:15 UTC+8: GMEUSDT Perpetual Contract
- 17:20 UTC+8: XLEUSDT Perpetual Contract
- 17:25 UTC+8: EWZUSDT Perpetual Contract
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South Korea's KOSPI Index Plunges Nearly 5% Intraday, Triggers Circuit Breaker
On June 10, data from Bitget Markets showed that South Korea’s KOSPI index tumbled to 7,700 points, marking an intraday decline of nearly 5%. In response, the Korea Exchange triggered a circuit breaker and suspended KOSPI program trading. Shares of Samsung and SK Hynix both dropped more than 6%.
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Prominent Trader: If Bitcoin Falls Below $60,000, $54,000 Could Be the Next Support Level
June 10: Prominent Bitcoin trader Killa (@KillaXBT) shared a market view update, noting that if Bitcoin holds above its quarterly low of $60,037, the asset could rebound to the quarterly open price of $68,185; a breakdown below that level would point to the CME gap at $54,111.
The next major downside support for Bitcoin is its July 2024 low of $49,302.
As a quantitative trader focused solely on BTC, Killa has over 200,000 followers on X. He previously predicted this bull run would peak in May 2025, and opened a short position on Bitcoin at $74,688 in mid-April.
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