HYPE Price Dips Below $55, With Over 10% Drop in 24 Hours

June 10: Pre-market trading for U.S. semiconductor stocks extended their losses, according to Bitget data. ARM fell more than 4%, Micron Technology dropped over 3%, Marvell Technology was down nearly 3%, Intel and AMD each declined more than 2%, Broadcom slid nearly 2%, and NVIDIA and TSMC traded lower by over 1%.

June 10: The U.S. Bureau of Labor Statistics (BLS) will release May consumer price index (CPI) data at 8:30 p.m. Beijing time this evening. Market consensus forecasts call for a 0.5% month-over-month rise in the May CPI, translating to a 4.2% year-over-year gain. That would mark the first time U.S. CPI has topped the 4% threshold since May 2023, and would put it at its highest reading since April of last year. Core CPI—excluding volatile food and energy prices—is projected to rise 0.3% month-over-month, with a 2.9% year-over-year increase, per consensus estimates. Driving much of this inflationary pressure has been the sharp jump in energy prices amid escalating U.S.-Iran tensions. Moody’s Analytics Chief Economist Mark Zandi recently pinned recent price hikes largely on government policies tied to the U.S.-Iran conflict. “Rising gasoline and diesel costs will push up prices for goods transported by these fuels—from groceries to Amazon packages,” he noted, adding that airlines have al

On June 10, the Hong Kong Securities and Futures Commission (SFC) further clarified a circular issued on May 22. Under FAQ 9 of the circular, licensed Hong Kong companies may continue opening new accounts for mainland Chinese investors (who use Chinese Resident Identity Cards and/or Chinese passports as identification), provided they meet all account opening requirements. The SFC also stated that licensed Hong Kong companies can keep serving existing mainland clients, but such services must not be delivered within mainland China and must comply with all relevant laws and regulatory requirements in Hong Kong and applicable jurisdictions. Additionally, the SFC noted it is aware of a joint notice issued by mainland authorities on May 22, 2026, and added that the relevant requirements also apply to financial institutions in other jurisdictions (not limited to Hong Kong) when they provide services to mainland Chinese investors. (Source: Securities Times)

June 10 — Per official announcements, OKX has rolled out its platform-native token OKUSD, a digital asset pegged 1:1 to USDT. Key features include zero-fee subscription, real-time settlement, and no lock-up periods. Holders of OKUSD automatically earn daily rewards with unlimited upside potential. Beyond that, OKUSD can be used as interest-bearing collateral for flexible loans, VIP financing, and trading account margin, enabling users to trade while earning interest simultaneously. As of now, OKUSD is exclusively available to OKX VIP users.

June 10 – On-chain analyst Yu Jin reports that the U.S. will release its Consumer Price Index (CPI) data tonight at 8:30 PM ET. A large crypto whale has begun liquidating its 50x leveraged S&P 500 short position on Hyperliquid, worth up to $148 million, seemingly positioning for a post-CPI stock market rally. This short was opened yesterday afternoon, with an unrealized profit of approximately $1.44 million as of current levels.

On June 10, data from relevant platforms shows SpaceX’s pre-market contracts on Binance are trading at $173.53, with a 24-hour gain of 2.75% and a corresponding valuation of $2.06 trillion. Separately, Trade.xyz’s data indicates SpaceX (SPCX) contracts are priced at $158.69, up 1.64% over the last 24 hours, giving the company an approximate valuation of $1.88 trillion. At current levels, Binance’s SpaceX pre-market contracts carry a 9.35% premium over those listed on Trade.xyz.