On June 2nd, edgeX released an update addressing the abnormal price fluctuations of the EDGE token. The company clarified that the edgeX protocol has not been compromised in any form—this incident is not a hack, exploit, or security breach. According to the information identified so far, certain external parties are intentionally manipulating the EDGE token’s market price. The official statement notes this event relates to market integrity rather than platform security, and edgeX will handle it seriously. Currently, edgeX is collaborating with relevant exchanges and platforms to investigate the incident’s cause and hold responsible parties accountable. Officials added that a comprehensive update will be published once the investigation is completed.

LOS ANGELES, Calif. — June 2nd. Andrew Left, founder of short-selling research firm Citron Research and one of the world’s most prominent figures in the short-selling space, was found guilty of securities fraud by a U.S. federal jury on Monday following a landmark trial. The three-week trial centered on allegations that Left manipulated the stock prices of public companies via social media posts. After closing arguments, the jury deliberated in private for two full days before delivering the guilty verdict. Left faced charges that he illegally influenced the share prices of dozens of companies using what prosecutors called "explosive" tweets, then profited from the resulting market moves. Prosecutors detailed that between 2018 and 2023, Left earned approximately $20 million in illegal profits from these trading activities. For the U.S. Department of Justice, this ruling represents a key win in a white-collar crime case brought during the tenure of former President Donald Trump, thoug

June 2: Decentralized Finance (DeFi) lending protocol Radiant Capital plans to gradually wind down its operations, the project announced, after failing to recover from a roughly $50 million 2024 exploit and secure new funding. The platform’s decentralized autonomous organization (DAO) says it no longer has a viable path forward. Over recent months, contributors and the community have kept supporting users, maintaining the protocol, and attempting to recoup stolen funds amid challenging conditions. But without successful fund recovery, new capital, or growth momentum, those efforts aren’t enough to keep the project afloat. Radiant suffered two major hacks last year: In October 2024, attackers exploited a backdoor contract to breach its deployments on Arbitrum and BNB Chain, resulting in roughly $51 million in losses. Earlier in 2024, a flash loan attack stole around 1,900 ether (ETH), valued at approximately $4.5 million at the time. Moving forward, Radiant will enter “maintena

June 2nd — Rand, founder of privacy protocol Zama, announced that the freeze on Zama’s cUSDC contract has been lifted, and all systems have resumed normal operation. Earlier, a U.S. court had ordered Circle to temporarily freeze a $12.5 million agreement under which Zama held USDC without prior notice. The court has now ruled this freeze unreasonable and lifted the temporary restraining order. The related cUSDC contract and assets have been fully restored. Rand stated that the incident has not affected the team’s trust in USDC, and Zama still plans to launch its cUSDC product later this month.

As of June 2, data from Alternative Data shows today’s cryptocurrency Fear & Greed Index stands at 23, down from 29 yesterday—marking a return to the "extreme fear" zone. For reference: The index operates on a 0–100 scale, calculated using six weighted indicators: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Sentiment (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

June 2: Self-proclaimed “Stock God” Serenity posted that U.S. photonics stock AAOI is their top pick in the sector, with shares rallying 20.1% in trading today. Serenity argues that for investors chasing the “next AMD,” AAOI is the name to watch. The expert predicts photonics-related firms could see a significant turning point in the first half of 2027—though entering the second half of 2026 right now is still too early, as the industry remains in a capacity-building phase. Serenity added that, generally, outside of aerospace and quantum-focused concepts, the market typically prices in future growth roughly 8 months in advance. They believe the inflection point for accelerating revenue growth among photonics stocks is approaching, so the key is to wait for the right timing and weather the upcoming interim volatility.