A new address deposited $3 million USDC into Hyperliquid, holding over 36,000 ETH in a long position.

On June 11, the Wall Street Journal (WSJ) reported that anonymous market sources have told the publication OpenAI is considering steep price cuts to fend off growing competition with rival AI firm Anthropic. The Journal added that OpenAI expects competition in the AI services space to heat up even more, potentially spilling over into a full-fledged "price war," with some customers already signaling sensitivity to current AI pricing rates. Separately, people familiar with the issue told WSJ that amid worries over AI costs among some enterprise clients, the industry’s pricing structure could see a major reshaping—and even competing AI firms may be forced to match any changes OpenAI makes to its pricing. The report highlights that the generative AI sector is entering a more cutthroat phase of market competition as it matures commercially, with pricing and inference cost control emerging as key drivers in the next stage of development. Click the link below to join BlockBeats’ Beating·F

June 11, per HTX market data, Bitcoin briefly rebounded above $62,000, currently trading at $61,932 with a 0.36% gain in the past 24 hours. On the news front: U.S. Central Command (CENTCOM) announced that under a CENTCOM directive, additional self-defense strikes were carried out against multiple targets inside Iran. CENTCOM forces targeted Iranian military reconnaissance facilities, communication systems, and air defense sites. Units from the U.S. Marine Corps, Air Force, and Navy deployed precision-guided munitions at Iranian assets posing threats to U.S. forces and international commercial shipping in regional waters. These strikes are a response to Iran’s unjustified and ongoing aggressive behavior. The U.S. military remains vigilant, fully prepared, and ready to respond at any time.

June 11 – Sentiment in gold derivatives has turned sharply bearish as bullion prices extend their pullback, with traders ramping up bets on further declines, CNBC reports. Some long-dated options are even pricing in a potential 40% drop in gold prices over the next two years. Data for options on the SPDR Gold Shares (GLD) ETF shows that during Wednesday’s single-day gold price plunge of over 4%, roughly $130 million of the ~$200 million in total option premiums traded that session went to put options. Separately, the volume of call options sold outpaced those bought, reinforcing a bearish positioning. Breaking down the day’s most active contracts: 8 of the top 10 were put options, with most trades executed at or above the ask price – a clear signal of funds actively positioning for downside risk. GLD has already fallen about 25% from its February peak, with selling pressure holding steady. One notable trade drew heavy volume in a June 2028 put option with a $240 strike, which implie

June 11 — According to Bitget market data, South Korea’s KOSPI Index reversed its decline after earlier dropping over 4%. SK Hynix turned positive, rising 1.22% at press time, while Samsung trimmed its loss to 1.82%.

June 11 (Yonhap) — Sam Altman, founder of OpenAI, will visit Samsung Electronics to discuss applications of artificial intelligence (AI). Click the original article link below to join the Daxue BeatByte · Feishu AI News Channel, which monitors global AI trends and breaking news around the clock.

On June 11, EmberCN’s monitoring showed that VELVET, the token of decentralized exchange (DEX) project Velvet Capital, saw unusual price swings recently, jumping roughly 10x from around $0.09 to $0.9 in a short timeframe. Amid the sharp rally, addresses linked to the project transferred approximately 22 million VELVET to exchanges including Bitget, Gate.io, and KuCoin over the past three days, totaling about $19.8 million. The market viewed this as a sign of potential concentrated selling pressure. Separately, market maker and liquidity provider DWF Labs moved some 6.68 million VELVET to those same exchanges in the past month, valued at roughly $6 million. This on-chain fund transfer coincided with the rapid price surge, sparking community debates over the so-called "spot pump + contract liquidation" scheme.