Odaily Odaily reports that data from Coinglass shows total network liquidations over the past 24 hours reached $17.53 million, with short position liquidations at $13.88 million and long position liquidations at $3.66 million. The largest single liquidation exceeded $835,878. Today, Zcash (ZEC) liquidations are primarily concentrated on Binance (52.24%), Hyperliquid (22.61%), and OKX (11.71%), indicating a high concentration of active leveraged trading on these exchanges.

According to Hyperbot data, as the ZEC price rebounded, the three-times leveraged ZEC short positions previously opened by Garrett Jin, the representative of the "1011 Insider Whale", have all been closed. He currently holds a five-times leveraged Bitcoin long position with a size of 1,268.33487 BTC and a liquidation price of $40,951. The current overall floating loss on the position is $17.925 million, with a return on investment of -114.01%.

Odaily reported that OKX market data shows ZEC has broken above 430 USDT and is currently trading at 431.7 USDT, with a 24-hour increase of 22.31%.

Odaily Planet Daily News Trader Eugene posted on his personal channel stating that he has recently exited cryptocurrency trading and shifted his main focus to the stock market. He believes the stock market offers greater intellectual challenge and potential in terms of trading and investment opportunities. He expects to remain on the sidelines of the crypto market for the foreseeable future and will only consider re-entering when significant risk/reward opportunities emerge.

Eugene also expressed caution towards Strategy (MSTR) and Michael Saylor. He believes that the recent Bitcoin sell-off may only be the beginning of the problem, with selling Bitcoin merely delaying the eventual crisis. Bitcoin's long-term upside potential remains influenced by MSTR, making it difficult to participate until the two decouple. Eugene stated he currently has no plans to "buy the dip" and is maintaining a wait-and-see attitude toward the short-term market bottom.

Odaily reported that Jensen Huang, CEO of Nvidia (NVDA.O), stated that the company's new Vera central processing unit will use SK Hynix's memory chips, and the two companies are expected to expand collaboration over the next year. Speaking to reporters outside a restaurant in Seoul on Sunday, Huang mentioned that he had dinner that day with SK Group Chairman Chey Tae-won, SK Hynix CEO Kwak Noh-jung, and executives from SK Telecom. He said: "Our cooperation with SK Hynix this year is very extensive, and we are preparing for even larger-scale collaboration in the second half of this year and next year. We have launched Vera CPU, a revolutionary central processor that will also utilize SK Hynix's DRAM memory."

Vera is Nvidia's first independent data center microprocessor, directly competing with Intel's Xeon series, AMD's EPYC chips, and self-developed Graviton chips from major enterprises like Amazon. Huang arrived in Korea on Friday to visit partners and suppliers, and plans to meet on Monday with Samsung Electronics Vice Chairman Jeon Young-hyun, as well as executives from Hyundai Motor Group and LG Group. He also noted that discussions are underway with telecommunications companies, as future telecom networks are expected to be used for artificial intelligence applications. (Jin Shi)

Odaily Odaily reported that U.S. President Trump stated that it would be a mistake for Federal Reserve policymakers to choose to raise interest rates after the U.S. employment data significantly exceeded expectations. Meanwhile, he insisted he does not want to influence Kevin Warsh ahead of his first Federal Reserve meeting.

In an interview, Trump said: "Nowadays, whenever economic data performs well, the market falls instead, because people think the Fed will raise rates. But there is absolutely no reason to hike." Trump's remarks have further increased the economic and political pressure facing Warsh. Trump stated: "Raising the benchmark interest rate is the wrong thing to do. In fact, we should be lowering rates." Trump said: "I am working with Kevin now. I have great respect for him, but my view is that when a country's economy is performing well, you shouldn't immediately punish it by raising interest rates." He added: "We have a debt problem, and many other things to deal with. There are many plans to push forward. I hope to further expand defense spending." (Golden Ten)

Odaily reported that Strategy CEO Phone Le posted on the X platform, stating that the company's long-term strategy is to continuously increase net Bitcoin holdings and Bitcoin per share to enhance shareholder value. Regarding rumors of a strategic change in the market, he emphasized that they are "just rumors."

Odaily Planet Daily News Key events in the capital markets next week:

1. The highly anticipated SpaceX initial public offering (IPO) will debut next week. This massive fundraising event, which could rewrite capital market history, will serve as a significant test for the U.S. stock market.

2. The U.S. May CPI report, scheduled for release next Wednesday, will show how surging crude oil and gasoline prices have impacted inflation.

3. Two of the strongest-performing Hong Kong stocks, Zhipu AI and MiniMax, are expected to be included in the Hang Seng Tech Index starting June 8.

4. World Cup kicks off: The 2026 FIFA World Cup, co-hosted by the United States, Canada, and Mexico, will take place from June 11 to July 19, 2026, local time.

5. Quarterly earnings reports from tech giants Oracle (after the bell on Wednesday) and Adobe (after the bell on Thursday) will also be in the spotlight.

6. Apple’s 2026 Worldwide Developers Conference (WWDC 2026) will be held from June 8 to 12, local time (June 9 to 13, Beijing time).

Odaily reported that Trump stated there are currently no plans to withdraw US troops from the Middle East, even though he believes Iran’s defensive and offensive capabilities have been severely weakened, and the temporary ceasefire agreement is fragile and frequently violated. “We have completely destroyed their military power,” he said. “They still have some missiles and drones.” He also added that he believes Iran now possesses only “21% to 22%” of its pre-war missile stockpile. However, this does not mean the 50,000 US troops deployed to the region will return home soon.

Trump said, “It costs very little to keep them there.” He later added, “I think it would be foolish to do so (withdraw US troops) because we might be able to use the stationed troops” to force Iran to make concessions at the negotiating table. (Jinshi)

Odaily reported, "New Stock Guru" Serenity has updated their X profile, adding the Chinese description "白毛股神" (White-Haired Stock Guru) alongside the original introduction such as "AI/Semi Supply Chain Analyst".

Their profile now reads "AI/Semi Supply Chain Analyst (白毛股神)", while retaining descriptions including "Former RISC-V Foundation Member, AI Research Scientist, now focused on discovering unknown industry bottlenecks".

Odaily reported that Trump said the blame for Iran's nuclear weapons development program should be placed on the previous administration. He pointed out that during the tenure of former U.S. President Barack Obama, a six-nation negotiating team reached an agreement with Iran, under which Iran would limit its nuclear weapons development activities in exchange for the international community easing sanctions and unfreezing some of Iran's frozen assets. Trump withdrew from the agreement during his first term. Trump stated that any agreement reached with Iran would not immediately unfreeze Iranian assets. Trump said, "That comes later. If they behave well and do a good job, only then will we start discussing these issues." (Jinshi)

Odaily reports that US President Trump stated that if an agreement can be reached with Iran to end the three-month-long conflict between the two countries, the US will cooperate with Iran to recover and destroy its highly enriched uranium; if an agreement cannot be reached, the US will further weaken Iran's military capabilities until US forces can safely seize these nuclear materials on their own. Trump also stated that the US can track related activities through the monitoring capabilities of its "Space Force." Trump claimed that the two sides are "very close" to signing an agreement, but he still demands that Iran make further concessions regarding the abandonment of its nuclear program.

Trump indicated that he hopes to add a clause to prevent Iran from circumventing the agreement's restrictions. Trump stated that the agreement originally had a clause stipulating that they must not "develop" nuclear weapons, but he aims to include the words "purchase, procure, or acquire." He added that Iran "resisted a little" initially, "but then stopped." (Jinshi)

Odaily, Ethereum co-founder and Consensys CEO Joe Lubin stated that the recent layoffs, budget cuts, and leadership changes at the Ethereum Foundation are not a crisis, but a necessary evolution of the organization. In an interview, Lubin pointed out that the Ethereum Foundation should focus on safeguarding core protocol technology and values, while tasks such as adoption, ecosystem expansion, and institutional collaboration should be undertaken by other entities. Maintaining neutrality and credibility is crucial to avoid conflicts between commercial interests and developers. He noted a public misunderstanding of the Foundation's role: the EF's responsibility is to maintain the Ethereum protocol, not to lead commercialization or market competition strategies.

Lubin also stated that the future of Ethereum will be shaped by multiple organizations working together to build the ecosystem, rather than relying on a single entity for leadership. He dismissed claims that Ethereum is on the decline, saying the network is still developing steadily, and pointed out that years of scaling efforts are laying the groundwork for the next wave of adoption, including on-chain transactions by autonomous AI agents and increased institutional usage. The Ethereum Foundation is narrowing its focus precisely to ensure the protocol can support a new generation of applications, while new organizations will take on the work of promotion and commercialization.

Lubin noted that the next wave is the agent economy, where hybrid human-machine systems will use Ethereum's infrastructure for transactions. The restructuring of the Ethereum Foundation is a healthy institutional optimization that will help Ethereum maintain robust development under the premise of decentralization and prepare for future technological and business innovations. (CoinDesk)

Trump stated that there is no reason for the Federal Reserve to raise interest rates. (Jin Shi)

Odaily: According to NBC News, Trump stated that he does not require Lebanon to be included in a short-term agreement with Iran and will not unfreeze Iranian assets or lift any sanctions in advance under any agreement. (Jin 10)

Odaily “New Stock God” Serenity posted on platform X, stating that NVIDIA CEO Jensen Huang has warned that driven by the massive expansion of AI infrastructure, the global memory shortage is expected to persist for years. Huang plans to announce a cooperation plan with SK Group Chairman Chey Tae-won next Monday.

Serenity pointed out that recent earnings forecasts for Micron Technology and EWY (Samsung / SK Hynix) are no longer exaggerated, while the combined demand for Silicon Photonics (optical interconnect technology) and memory has been specifically emphasized by NVIDIA executives. NVIDIA’s demand for supply has been described as “beyond imagination,” highlighting the strong pull of AI server and data center expansion on the upstream supply chain. Based on this, Serenity is optimistic about investment opportunities in the SiPH supply chain, suggesting that the business outlook from SIVE (now an upstream ecosystem enterprise for NVIDIA) to SOI will benefit, implying that a long-term industrial chain dividend driven by AI infrastructure is taking shape.