Odaily reported that the decline of South Korea's KOSPI index has widened to 5%, with Samsung falling 6.5% and SK Hynix dropping over 8%. Nasdaq futures are down nearly 1%, with major chip stocks declining broadly in after-hours trading.

South Korea's exchange has activated the KOSPI circuit breaker mechanism due to a 5% drop in KOSPI 200 futures, suspending program trading for 5 minutes.

Odaily reported that on May 29, 2026, Taylor Hornby discovered a critical counterfeiting vulnerability in Zcash's Orchard pool. Taylor Hornby reported the vulnerability to the Zcash Open Development Lab, and after coordinated efforts, a fix was completed on June 2. The vulnerability could have been exploited to secretly create an unlimited number of counterfeit ZEC within Zcash Orchard. Due to the privacy features of Orchard, it is cryptographically impossible to determine whether the vulnerability was exploited before the fix was deployed.

The vulnerability had existed since Orchard's activation in May 2022 until an emergency fix was deployed on June 1, 2026. Taylor Hornby, with the assistance of AI tools, wrote a complete exploit program and generated an infinite, undetectable amount of counterfeit ZEC in a local test environment. Shielded Labs is currently collaborating with other Zcash developers to explore network upgrade proposals that would allow anyone to verify the integrity of Zcash's supply.

According to Gate data, the KOSPI index opened down 372.6 points, or 4.31%, at 8,266.81 on Friday, June 5. Samsung fell 5%, and SK Hynix dropped 7%. The Nikkei 225 index opened down 486.82 points, or 0.72%, at 66,983.87 on Friday, June 5.

According to Onchain Lens monitoring, a newly created wallet withdrew 170,000 HYPE from Coinbase 7 hours ago, valued at $10.9 million.

Odaily Planet Daily News: SlowMist's Yuxian posted on platform X, stating that search engine poisoning incidents involving fake Codex, Claude Code, and others have been occurring frequently recently. He noted that warnings have been issued multiple times before about Google search results and its own services like Google Sites being poisoned and exploited by black-hat and gray-hat actors, but Google has not taken action against these obvious poisoning methods.

Odaily News, local time on the 4th, Ukrainian President Volodymyr Zelenskyy sent an open letter to Russian President Vladimir Putin, proposing a direct meeting between the two leaders "to bring an end to the conflict through a fair and dignified path, and to build an effective and practical security guarantee mechanism." The open letter stated that Ukraine has no intention of prolonging the conflict and has proactively proposed a ceasefire negotiation plan. Regarding the meeting and negotiation process, Ukraine proposed that direct consultations between Ukraine and Russia take place first, followed by the involvement of related parties such as the United States and Europe, to provide support for the subsequent establishment of a security guarantee system. In the letter, Zelenskyy stated that Ukraine is prepared for negotiations, willing to implement a comprehensive ceasefire during the negotiation process, and to conduct prisoner exchanges with Russia based on the principle of "all for all," fully cooperating to advance peace negotiations. Dmitry Peskov, the press secretary of the Russian President, responded that Putin has not yet read Zelenskyy's open letter. (Jinshi)

Odaily Planet Daily News: On the 4th, US President Trump told the media at an event at the White House that it would be "very good" if Russian President Putin and Ukrainian President Zelenskyy could meet. When asked about Zelenskyy's open letter to Putin that same day proposing a meeting in a third country, Trump said he was pleased to see that the leaders of the two countries seemed to be discussing a meeting, stating that "this is largely due to our efforts." "If they can meet face-to-face, that would be a very good thing. They really should finalize this." Trump also said that to end the Russia-Ukraine conflict, both sides will have to make compromises, "just as I suggested." However, he declined to disclose further details. (Xinhua News Agency)

Odaily reported that Russian President Vladimir Putin, during a meeting with heads of major global news agencies in St. Petersburg on the 4th, stated that Russia agrees to make compromises on the Ukraine issue, but needs to persuade Ukraine to believe this. Putin said that Russia has no objection to Ukraine joining the European Union, but opposes the EU becoming a military alliance. The EU can play a positive role in resolving the Ukraine issue, but the approach should be to convince Ukraine to accept a compromise plan rather than providing weapons to Ukraine. Putin stated that Russia hopes to sign documents with Ukraine's "legitimate representatives," and the agreement reached between Russia and Ukraine will be a document of historic significance. He noted that holding a presidential election in Ukraine is very important. (Xinhua News Agency)

According to Odaily, sources familiar with the matter revealed that SpaceX (SPCX.O) has informed the banks handling its $75 billion IPO that the company has set the offering price at $135 per share. This price was disclosed in its revised IPO filing on Wednesday. This decision indicates that Elon Musk is determined to orchestrate the largest IPO in history on his own terms, breaking with Wall Street traditions. However, insiders emphasized that the decision could still change before formal trading begins. SpaceX launched its IPO roadshow on Thursday. During the roadshow, the issuer and its underwriting banks typically gather investor feedback and then hold a meeting the day before the stock officially begins trading to finalize the IPO price. Three sources described the demand for SpaceX's stock as "extremely voracious." SpaceX is expected to officially list and begin trading on June 12. (Jin Shi)

Odaily reports that Chainalysis has released a report stating that as demand for gray market peptide products (such as weight loss drugs like semaglutide) grows rapidly, related suppliers and buyers are increasingly using cryptocurrencies for transactions, with leading suppliers primarily relying on Bitcoin and stablecoins.

The report shows that crypto funds flowing into this sector reached $32 million in the first quarter of 2026, a 159% increase from $12 million in the previous quarter, with the annualized scale already exceeding $100 million.

Chainalysis points out that demand for peptide products is driven by trends in medical aesthetics, health and wellness, and the popularity of GLP-1 drugs. However, since these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict their transactions, prompting the market to shift towards crypto payments.

The agency also noted that some leading suppliers have adopted more professional on-chain fund management methods. Particularly among suppliers with average single deposits exceeding $1,000, the proportion of stablecoins has significantly increased, likely to mitigate the risk of large supply chain orders being affected by crypto market volatility.

Odaily reports that Plume has partnered with Ethereum liquid staking protocol ether.fi to launch a new RWA yield vault, offering ether.fi users access to tokenized real-world asset yield opportunities.

Plume stated that ether.fi has exclusively allocated $100 million to this vault, sourced from its liquidity provider base and managed capital within existing yield products such as liquid ETH, liquid USD, and liquid BTC. A representative from ether.fi noted that there is strong market demand for yield products with institutional-grade risk control and lower DeFi exposure.

The vault will be directly integrated into the ether.fi application, allowing users to access institutional-grade RWA yields—previously available mostly to specific investors—through a familiar interface. Plume noted that as DeFi volatility and security risks increase, users are turning to more stable on-chain yield sources. (The Block)

Odaily reports that White House Chief Crypto Advisor Patrick Witt stated that the U.S. crypto market structure bill, the Clarity Act, is a "pro-regulation, pro-enforcement" piece of legislation, pushing back against criticism from some enforcement agencies that it is insufficient to prevent financial crimes.

With the midterm elections approaching, the window for Congress to pass the bill is narrowing. Senator Cynthia Lummis warned that if progress cannot be made this year, the bill may not be seriously considered again until after 2030.

Currently, the Clarity Act still faces multiple controversies, including arrangements for stablecoin yield, conflicts of interest related to Trump-affiliated crypto businesses, and whether anti-money laundering standards are stringent enough. The latest version also incorporates the Blockchain Regulatory Certainty Act (BRCA), pushed by DeFi advocates, which aims to clarify that non-custodial developers should not be considered money transmitters.

However, some law enforcement groups and lawmakers worry that the BRCA and certain provisions of the bill could weaken the ability to trace illicit funds and recover victim assets. Witt countered that lawmakers have already responded to these concerns ahead of the Senate Banking Committee vote by adding new provisions to strengthen the regulatory and enforcement framework. (The Block)

Odaily has learned that Anthropic is calling on major AI labs to consider slowing down their development pace, stating that AI systems are evolving at an extremely rapid rate and may soon be able to achieve self-improvement without human intervention. This capability could pose significant social risks. Internal data disclosed by Anthropic indicates that the performance of its most advanced models is rapidly improving, and the progress of AI models appears to be moving toward "recursive self-improvement," where AI systems can autonomously optimize themselves without human intervention. Anthropic stated that it would be beneficial for the world if there were a global choice to slow down or temporarily halt frontier AI development, allowing social structures and related research to keep pace with technological advancements. Anthropic proposed reaching a global agreement to specify how to slow the pace of AI development and establish mechanisms to verify whether competitors are complying with the agreement.

Odaily reported that Bitcoin News posted on X platform, stating that Bloomberg's Eric Balchunas noted that Bitcoin needs to reshape its communication narrative, reducing expressions like "baby boomers will come to buy in" and focusing more on emphasizing that Bitcoin is the best tool for hedging against fiat currency devaluation.

Odaily reports: According to Arkham monitoring, trader pension-usdt.eth made over $3 million in profit by shorting $100 million worth of BTC, and then went all-in shorting ETH, with the trade currently bringing in $5.8 million in profit. Since the market decline began earlier this month, their account has accumulated total profits of $14 million.