Arthur Hayes bought 1,500 ETH from Cumberland
June 18 — According to OnchainLens’ monitoring, Arthur Hayes bought 1,500 ETH from Cumberland for approximately $2.63 million, and he may continue growing his position in the future.
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A certain whale address has been continuously withdrawing HYPE from the exchange and staking it, with a total value of approximately $91.67 million.
On June 18th, per EmberCN’s monitoring, the address 0xeef...00C withdrew roughly 136,500 HYPE tokens (worth ~$10 million) from OKX and other exchanges about 9 hours ago, then moved all of them to staking.
Since the start of this month, this address has been steadily pulling HYPE tokens from multiple centralized exchanges (CEXs) and staking them, with a total of ~1.314 million HYPE (around $91.67 million) withdrawn and staked so far. Its average withdrawal price stands at approximately $69.7 per HYPE.
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Bridgewater Associates Founder: Deterioration in US Fiscal Position and Debt Dynamics Could Push the Economy into a High-Risk State
On June 18th, Ray Dalio, founder of Bridgewater Associates, shared his insights, warning that the global economy is teetering on the edge of a “cliff” and that the period spanning from the 2026 U.S. midterm elections through the 2028 presidential elections will be particularly precarious.
Dalio highlighted that the U.S. fiscal landscape is continuing to worsen: federal spending stands at roughly $7 trillion, while annual revenue comes in around $5 trillion, pushing the nation’s deficit to nearly 40%. Compounding this, demand for U.S. Treasury bonds is dropping. Adding to strains, debt holders’ growing concerns over potential sanction risks are deepening the supply-demand imbalance in the market. The broader monetary and debt environment is increasingly defined by rising systemic risks.
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Michigan Federal Judge Rules Sports Prediction Market Outside CFTC Jurisdiction, Polymarket Loses Injunction Application
June 18: A Michigan federal judge ruled that sports-related prediction market transactions do not qualify as swaps regulated by the U.S. Commodity Futures Trading Commission (CFTC), so they are not subject to the agency’s regulatory jurisdiction. The court also rejected a request from prediction market platform Polymarket to block Michigan regulators from restricting its sports event contracts, stating the platform is “unlikely to prevail on the merits of its case.” The ruling noted that the sports prediction contracts in question are closer to illegal sports betting than federal derivative products. The case will move to the U.S. Sixth Circuit Court of Appeals, with a potential final appeal to the U.S. Supreme Court.
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After the early investment/team address of ZRO was unlocked, 3.51 million tokens were sold and transferred to Binance, worth approximately $3.96 million
June 18 — According to EmberCN monitoring, an address belonging to a team or investor that was allocated ZRO tokens at the project’s launch roughly two years ago transferred 3.51 million unlocked ZRO, worth approximately $3.96 million, to Binance over the past 24 hours.
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Michael J. Saylor: MicroStrategy Implies It Will Continue to Sell Bitcoin to Pay Dividends, but the Company Is Not at Risk of a Margin Call
June 18: Jiang Zhuo'er, founder of B.TOP Mining Pool, weighed in on MicroStrategy’s post claiming its Bitcoin (BTC) reserves could support dividends for 32 years. Zhuo'er pointed out that MicroStrategy (MSTR) holds $55 billion worth of BTC, only pays $1.7 billion annually in STRC preferred stock dividends, and estimates the company could sustain those payouts for 32 years by selling BTC.
It’s important to note that STRC is preferred stock, not bonds—so MicroStrategy doesn’t face liquidation risk from leverage, nor the danger of defaulting on dividends. That said, STRC has already deviated sharply from its fair value and can’t be refinanced. For context, MicroStrategy’s BTC purchases over the past two weeks were funded by issuing more common stock, a strategy that isn’t sustainable long-term.
This update is to alert the market: don’t be caught off guard if MicroStrategy sells BTC to cover dividend payments moving forward. While the total volume sold will be small relative to the broad
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