SHELL Buyback Address has once again withdrawn 1 million tokens from Binance, and the buyback progress has reached 81.2%.

June 7 — Grayscale filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) on June 5 to launch a spot Bitcoin ETF for Canton Token CC.

June 7 – Market research firm Financelot noted that open-source vector index library TurboVec, unveiled last month, is disrupting the high-memory-demand market, with its impact already starting to surface. The Friday sell-off in memory stocks is being pinned on this development. Financelot has divested positions in Micron, SanDisk, Samsung, and SK Hynix, taking a bearish stance on the storage sector’s performance next week. However, community reactions push back on claims that TurboVec poses a major threat to the memory sector. They point out that every time a new memory optimization is rolled out, there are always naysayers declaring the entire semiconductor industry doomed. This past March, Google Research introduced the TurboQuant quantization algorithm, which independent developer Ryan Codrai turned into the open-source vector index library TurboVec in late May. The tool drastically cuts memory requirements for vector databases: for example, it compresses 10 million float32 vecto

On June 7th, data from HTX indicates Ethereum has bounced back above $1,600, posting a 1.8% gain in the last 24 hours.

June 7. DoubleLine Capital and Oaktree Capital are positioning themselves ahead of a potential AI bubble burst with a strategy of selectively picking bonds that can weather a deep credit cycle. Robert Cohen, DoubleLine Capital’s fund manager, told the Bloomberg Global Credit Forum that an AI bubble is almost certain to burst—putting the probability at around 100%. He argues that as tech companies keep pouring massive amounts of capital into the space, the market will inevitably hit bubble territory in the coming months or years. Cohen defines a credit bubble as investors financing companies that need actual growth to pay off their debt, a path that has historically killed off tech booms. As such, he recommends targeting companies that can survive via structural safeguards or strong balance sheets, rather than betting on future growth projections. The AI industry’s leverage has expanded at an unprecedented pace. According to Barclays, U.S. mega-cap tech firms have issued over $155

June 7 – Former hedge fund analyst Alphatica outlined in their weekend market outlook that the SPDR S&P 500 ETF Trust (SPY) closed Friday at $737.55, a 2.6% single-day drop. Friday’s options expiration cleared the core catalyst behind the concentrated sell-off: the massive negative gamma at the $740 strike, which had reached -$8.71 billion, has now reset to zero. Total negative Gamma Exposure (GEX)—a metric tracking how market maker hedging activity amplifies or dampens volatility—has fallen from an intraday peak of -$18.47 billion to -$8.68 billion, meaning the most intense selling pressure has faded. The market has shifted from aggressive, concentrated selling to more dispersed pressure. Multiple key indicators turned bearish for the first time: the composite score dipped into bearish territory at -22.9, while implied volatility (IV) skewness hit +5.35%—the highest level in this cycle. Put options now carry a significant premium, with 65% of that premium tied to puts. Single-day put

June 7th: On-chain analyst Ai Auntie (Twitter handle @ai_9684xtpa) reports that three addresses linked to Ethereum co-founder Joseph Lubin are collectively holding 412,430 ETH as collateral—valued at $6.53 billion—while borrowing 259 million DAI. Their loan-to-value (LTV) ratio fell below 1.2 yesterday, putting these accounts at risk of liquidation. However, the chance of this address cluster being liquidated is extremely low. Lubin, who acquired 540,000 ETH via the 2015 ICO for just $0.31 per token, is referred to as a "Cash Reservist." During yesterday’s ETH price dip, he added 110,000 ETH to his collateral, pushing the account’s health factor back above 1.48 and drastically cutting the risk of liquidation.