Serenity: A large number of U.S. companies are using DeepSeek to cut costs, weighing on revenue growth for high-end models.

According to EmberCN’s monitoring, a whale who has held Ethereum (ETH) for eight years sold his final 20,000 ETH half an hour ago, completing a full liquidation and reaping a profit of $27.53 million. The whale sold a total of 37,598 ETH today, exchanging the tokens for 58.69 million USDS at an average selling price of $1,561, while he acquired these ETH at $829 per unit eight years ago.

According to HyperInsight monitoring, Huang Lichang, nicknamed "Big Brother Ma Ji", is facing a critical situation with his Ethereum (ETH) long positions. He sold one of his 150 Bored Ape Yacht Club (BAYC) NFTs from his holdings, using the proceeds to add margin and top up his long position. The account linked to "Big Brother Ma Ji" has racked up total losses of $33.85 million, with $2.43 million in losses over the past month. Huang Lichang himself just posted, stating: "We need more Tom Lee. I’m 8% away from being liquidated." His current ETH position is valued at $1.64 million, with an average entry price of $1,562.21 and a liquidation price of $1,538.84.

According to Lookonchain monitoring, a whale that netted $4.4 million from shorting BTC, ETH, and SOL four days ago has returned, opening another 20x-leveraged short position on 912.9 BTC (valued at $54.55 million) and 10,025 ETH (valued at $15.65 million).

According to TASS, Russia’s Ministry of Energy has drafted a government resolution proposal to ban cryptocurrency mining in parts of Moscow, Moscow Oblast, and Kursk Oblast starting July 1, 2026. The ban will remain in effect until December 31, 2032. Russian authorities assessed that Moscow and Moscow Oblast currently have 65 connected data centers with a total power capacity of 734 megawatts, including 19 data centers in Moscow Oblast with a combined power of 233 megawatts.

Grayscale’s Hyperliquid spot ETF (ticker: HYPG) posted a single-day net inflow of $108.1 million, lifting its cumulative net inflow since launch to $123.5 million. Separately, Bitwise’s Hyperliquid spot ETF (ticker: BHYP) has accumulated $114.7 million in net inflows, while 21shares’ THYP recorded a net inflow of $60.2 million.

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint announcement seeking public input on a coordinated regulatory framework for portfolio margin of securities, security-based swaps, futures, swaps, and related positions. The agencies are evaluating whether enhanced regulatory coordination will boost risk management efficiency, reduce market fragmentation, and strengthen customer protections. SEC Chair Paul Atkins noted that cross-margin mechanisms could unlock liquidity currently held in separate accounts. CFTC Chair Mike Selig added that deeper cooperation between the two agencies on portfolio margin could free up unused capital while ensuring a more robust risk management framework and market safeguards. The public comment period covers topics including current portfolio margin models and practices, customer protection considerations, cross-margin and cross-product hedging, capital, segregation, and collateral treatment, risk management methodologies, matters related to clearing agencies and derivatives clearing organizations, operational and technical implementation issues, and potential impacts on market liquidity and competition. The comment window is 60 days following publication in the Federal Register.