Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

Base has postponed its Beryl mainnet upgrade to June 26 at 18:00 UTC to ensure the full activation of the B20 Activation Registry. Developers must wait until the registry goes live to deploy B20 tokens, with an estimated maximum wait time of roughly one hour. Base noted that the earlier approximately two-hour mainnet block outage is unrelated to this upgrade. Beryl will also cut Base’s withdrawal waiting period to Ethereum from seven days to five days, and integrate Reth V2. Earlier, Coinbase’s Layer 2 network Base officially announced it would soon launch a major upgrade, Beryl, whose core highlight is the introduction of Base’s native token standard B20, designed to provide more robust infrastructure support for on-chain asset tokenization.

According to Hyperinsight’s monitoring, U.S. PCE inflation has risen to a three-year high, with safe-haven buying potentially driving gold to rebound from its lows. The Hyperliquid platform is currently trading at $4051, up 1.5% in 24 hours, making it one of the few assets to turn positive amid a broad sell-off in the HIP-3 market over the same period. At 10 AM today, a trader continuously added long positions in gold after it briefly dipped below $4000, going long 150 GOLD contracts with 20x leverage for a total size of $607,000 at an average entry price of $4006—precisely near the low point. The position now boasts an unrealized profit of 21.7%. Among all large on-chain positions, the average entry price for long positions stands at around $4255, while short positions average $4285. This address’s entry cost is lower than the overall market average. Address: 0x9c00d5e11cb1f2e4fcc94a204d50797072291256

Barclays raised Micron Technology's target price from $1,175 to $2,000.

According to Yujin Monitoring, F2Pool co-founder Wang Chun withdrew 9,937 ETH (valued at $15.5 million) and 147.5 WBTC ($8.7 million) from Binance over the past six hours, then deposited the assets into Spark. Since the start of the month, when BTC fell below $60,000 and ETH dropped below $1,700, he has accumulated approximately 65,700 ETH ($111 million) and 966 WBTC ($60.29 million) through dip-buying. Current prices stand at around $62,400 for BTC and $1,660 for ETH. All of the WBTC and roughly half of the ETH were deposited into Spark, while the remaining half of the ETH was allocated to Ethereum staking.

According to Hyperinsight’s monitoring, Abraxas Capital — a whale that has long profited from funding rate carry via hedging short positions on gold assets — is currently shorting GOLD with 5x leverage. Its initial margin for the position is roughly $3.51 million, and it has held the trade for 144 days while keeping the position size stable. Cumulative funding rate settlements during this period have yielded $359,000, accounting for around 10.2% of the principal; excluding minor position adjustments, its annualized return stands at approximately 25.9%. Overall, on-chain whales are net short (likely driven by arbitrage and hedging positions), with total short nominal size of about $39.3 million, 1.56 times the long position size ($25.2 million). For non-large holders, funding rates are mostly positive (reflecting a long-term bullish market), providing a steady income source from rates for hedging short positions.

Micron Technology Chief Commercial Officer Sumit Sadana hinted that "certain specific major clients" (Apple) used negotiating leverage during the last industry downturn to slash prices sharply, severely undermining the company’s ability to invest in production capacity and sowing the seeds for the current severe memory chip shortage. Additional data shows that Apple’s price-cutting practices led to massive losses for suppliers including Micron and SK Hynix in 2022 and 2023, with some posting gross margins as low as -90%. Meanwhile, Apple reaped over $16 billion in profits via its tiered pricing strategy for different iPhone storage capacities. Interestingly, three years later, Apple has reaped what it sowed. Yesterday, Apple was forced to raise prices for its hardware products amid a surge in storage chip costs, a move that subsequently triggered a sharp plunge in the company’s stock price.