According to on-chain analyst Ember monitoring, Hyperliquid's largest long position, held across 7 addresses, amounts to $415 million in long contracts, currently facing an unrealized loss of $91.46 million.
The position includes 120,000 ETH ($271 million) and 2,000 BTC ($144 million), with an entry price of $2,261 for ETH and $72,134 for BTC. The actual leverage ratio is not excessively high; the liquidation price for ETH is approximately $1,160, and for BTC, around $47,000.
Odaily reported that the three major US stock indexes rose in the short term, with the Dow Jones Industrial Average up 0.07%; the S&P 500 index narrowed its decline to 0.77%, after previously falling over 1.5%; and the Nasdaq Composite Index narrowed its decline to 1.17%, after previously dropping over 2.3%.
According to MSX.COM data, Nvidia (NVDA.O) market cap has fallen below $5 trillion, with the latest decline of 2.6%.
Odaily reported that Serenity stated, "For me personally, this pullback looks like a clear buying opportunity, with targets including Micron Technology (MU), Intel (INTC), and TSMC (TSM).
This decline is mainly driven by some unfounded narratives, such as market rumors of three rate hikes by the Fed this year. However, there is actually no fresh macroeconomic data to support this claim (the real data won't be released until Thursday).
If institutions truly believed in a bearish logic of three rate hikes, as proposed by Bank of America (BofA), they should have arbitraged via CME futures or prediction markets. But in reality, these markets still show a probability of around 74% for no rate hike in July, reflecting no such aggressive rate hike expectations."
Odaily reported that driven by companies placing advance orders to avoid shortages and rising prices, U.S. manufacturing activity expanded again in June, but factory employment fell to a six-year low, primarily due to increased operating costs stemming from the Middle East conflict.
The U.S. June S&P Global Manufacturing PMI rose to 55.7 from 55.1 in May, the highest level since May 2022, while economists polled by Reuters had expected a decline to 54.8. The rise in manufacturing PMI, combined with an increase in the services PMI from 50.7 in May to 51.3, pushed the composite PMI output index up to 52.2 from 51.5 last month. The rebound in the services PMI is partly attributed to the joint World Cup tournament hosted by the U.S., Canada, and Mexico. (Jin Shi)
Odaily Planet Daily News: Erald Ghoos, CEO of OKX Europe, said that about 80% of cryptocurrency exchanges will not survive under the EU's Markets in Crypto-Assets Regulation (MiCA).
As the transitional period ends on July 1, the European Securities and Markets Authority requires unauthorized platforms to cease providing services to EU clients. Ghoos pointed out that currently, about 60% of European crypto users are still using platforms not authorized under MiCA, and most of these platforms have little hope of obtaining authorization. Among the 27 EU member states, 20 have already ended their transitional periods. After July 1, companies not listed in the registry will be unable to legally provide services within the EU. Currently, over 200 service providers have obtained full authorization. (The Block)
According to data from MSX.COM, at the US stock market open, the Dow fell 0.63%, the S&P 500 fell 1.64%, the Nasdaq fell 2.44%, and the VIX panic index rose 23.05%. AI concept stocks broadly declined, with Micron falling 12%, Astera Labs falling 9.05%, Marvell falling 8.86%, Teradyne falling 8.73%, and Arm falling 8.36%. It is reported that MSX is a leading RWA trading platform, having listed hundreds of RWA tokens, covering popular US stocks and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
Odaily Odaily reports that according to the latest data from Gate, the gold price has fallen to $4113.07 per ounce, with a daily decline of 1.92%. The silver price dropped to $61.953 per ounce, with a daily decrease of 4.5%. BVIX (BTC Volatility Index) is currently quoted at 43.4, up 4.65% intraday. EVIX (ETH Volatility Index) is currently at 57.1, up 1.96% on the day. In the forex market, the offshore Chinese yuan (USD/CNH) rose 0.22% intraday, currently at 6.79279. The dollar-yen (USD/JPY) pair fell 0.01% intraday, currently at 161.48. In global stock indices, the Euro Stoxx 50 (EUSTX50) fell 0.51% intraday to 6231.94 points; the UK FTSE 100 (UK100) fell 0.04% to 10406.1 points; and the German DAX 40 (GER40) fell 0.72% to 24869 points. In commodities, WTI crude oil fell 1.5% intraday to $73.71 per barrel. Brent crude oil fell 1.44% intraday to $77.6 per barrel. Gate supports users in directly trading traditional financial market products on its platform, covering precious metals, foreign exchange, global stock Contracts for Difference (CFDs), major indices, and commodities, achieving a deep integration of crypto and traditional financial assets. Gate TradFi related functions are fully integrated into the Gate App and Web platform. Users can conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing their multi-asset allocation experience.
Odaily Planet Daily News: Bitget CFD Chief Analyst Lewis Huang pointed out in an online livestream themed "Gold Trend Deconstruction Logic" that the market focus this week will be on the US May PCE price index and the final reading of Q1 GDP. Following the record highs in CPI and PPI data, coupled with steady non-farm payrolls, signals of rebounding inflation alongside the Fed's hawkish stance have led the market to gradually price in expectations of interest rate hikes. He emphasized that Warsh has clearly stated that curbing inflation is the primary task, and the interest rate dot plot indicates that rate hikes in 2026 are becoming an internal consensus, urging the market to prepare for a higher-for-longer interest rate environment.
Regarding the gold trend, Lewis Huang stated that due to geopolitical conflicts pushing up energy prices, the year-on-year increase in the overall Personal Consumption Expenditures Price Index (PCE) could climb to 3.4% or even higher. If the PCE data comes in above expectations, the US Dollar Index will gain strong momentum, while non-yielding assets like gold face weakening risks. He advises CFD traders to closely monitor inflation expectation gaps and flexibly seize opportunities for USD long positions or guard against gold downside risks.
Odaily Planet Daily News According to official sources, the Ethereum Foundation has completed a months-long restructuring. Currently, the Ethereum Foundation has been reorganized into five business divisions, including the Protocol Layer, Access Layer, User Layer, Community Layer, and Institution Layer, in addition to operations and management support teams.
As a result of this structural, activity, and expenditure adjustment, the Ethereum Foundation has laid off 54 employees, accounting for approximately 20% of its total workforce. The Ethereum Foundation will provide severance pay and transition support for departing employees. The severance pay is calculated as one month's salary for each full year of service at the Ethereum Foundation, or the higher amount according to local statutory standards.
Odaily reported that on-chain prediction market ForeGate has announced an upgrade to its ongoing "World Cup Prediction Cup" — on top of the $1 million World Cup prize pool, it has partnered with OKX to add a 100,000 USDT airdrop reward. The "World Cup Prediction Cup" is ForeGate's World Cup segment of the "Global Prediction Festival." Users who participate in designated World Cup match predictions on OKX and ForeGate can share in the corresponding rewards.
The "World Cup Prediction Cup" runs throughout the entire 2026 World Cup, from June 12 until the final on July 19; this round of the "OKX Frenzy Bonus Week" opens continuously from June 23 to 27, with rewards from the main pool and the airdrop stackable. During this period, ForeGate, endorsed by Michael Owen, will continue its "watch and predict" gameplay — users can place orders on-chain while watching matches, sharing in the million-dollar main pool and this round's 100,000 USDT airdrop.
Odaily Odaily News, the Hong Kong District Court today sentenced a cross-border money laundering case. A 34-year-old mainland Chinese woman was convicted of four counts of money laundering and sentenced to 47.5 months in prison for opening multiple shell accounts at a local digital bank to assist a cross-border criminal syndicate in laundering criminal proceeds, and for purchasing cryptocurrencies at a virtual asset exchange shop to conceal the source and destination of the funds.
Investigations revealed that the woman laundered approximately 9.29 million Hong Kong dollars in suspected criminal proceeds between August and September 2024. Furthermore, between June and September 2024, this cross-border money laundering syndicate used 43 local bank accounts to receive proceeds from 34 fraud cases, involving approximately 18 million Hong Kong dollars. It is suspected that they used local bank accounts for cryptocurrency transactions, laundering up to 230 million Hong Kong dollars in suspected criminal proceeds. (hk01)
Odaily reported that according to MSX.COM data, impacted by a decline in the US stock market's storage concept sector, Kioxia's US-listed ADR once fell nearly 20% in pre-market trading.
According to Onchain Lens monitoring, a newly created address has withdrawn 1,683 BTC from Binance, valued at $105 million.
Odaily Stock Market News: US stock futures extended losses, with Nasdaq 100 futures falling over 3%, S&P 500 futures down 1.5%, and Dow futures down 0.5%.
Odaily reports that Franklin Templeton has announced the completion of its acquisition of 250 Digital, an active crypto investment management firm, and has established a new division named Franklin Crypto. The asset manager, which oversees $1.7 trillion in assets, did not disclose the financial terms of the deal. The new division aims to provide institutional investors with actively managed cryptocurrency strategies.
The new division will combine the investment capabilities of the former 250 Digital team with Franklin Templeton's global distribution channels. As part of the closing agreement, Franklin Templeton will also invest its own capital into these liquidity strategies. The new unit has absorbed the entire 250 Digital investment team, along with all the liquid crypto strategies previously operated under CoinFund. Crypto industry veterans Christopher Perkins and Seth Ginns will co-lead the new division. (CoinDesk)
