HYPE Surpasses $70 Again, 24-hour Gain Reaches 7.1%

According to Lookonchain’s monitoring, a whale has opened a short position of 3,753.56 SNDK on Aster DEX, with the position valued at approximately $6.27 million and using 10x leverage. The position has currently posted an unrealized profit of around $116,000, yielding a return rate of 18.53%.

Someone opened a 10x short on 3,753.56 $SNDK ($6.27M) on @Aster_DEX and is now up $116K (+18.53%).

According to HTX market data, ICNT surged 10.77% in a short period, driven by news of its listing on Bithumb’s KRW market, and is now trading at $0.1977.

UBS advises investors to buy SK Hynix’s upcoming American Depositary Receipts (ADRs) and sell its Korean shares, as the new ADRs are expected to trade at a higher price.

Morgan Stanley initiates coverage on SpaceX, assigning an "Overweight" rating with a $300 target price. Per market data from BIT (bit.com), SPCX closed at $160.42 yesterday.

CryptoQuant analyst Darkfost stated in a post that Bitcoin’s Apparent Demand has stayed nearly in negative territory all year, reflecting persistent weak market demand — a key reason for Bitcoin’s ongoing price pressure. However, recent demand has seen some improvement, helping BTC consolidate within its current price range. On June 3, Bitcoin’s Apparent Demand hit an annual low of -275,000 BTC, and has since rebounded to around -75,000 BTC. While the improvement is notable, a full demand recovery will require the metric to stay consistently positive. He explained that the Apparent Demand metric is calculated as the difference between newly issued BTC supply and BTC supply that has not moved for over a year, used to measure whether long-term holders’ structural accumulation is enough to absorb the network’s new supply. So far, long-term demand has recovered somewhat but not enough to push the market into a new uptrend.