Odaily reported that Arkham posted on platform X, stating that three whale addresses (two of which are new) have just withdrawn a total of $122 million worth of ETH from FalconX and Kraken. Among them, the address that previously purchased ETH is currently facing an unrealized loss of $9.1 million on its holdings.

Odaily News: The Korea KOSPI Index closed down 366.11 points, or 4.52%, at 7,730.82 on Wednesday, June 10. Japan's Nikkei 225 index fell 1.89%, dragged down by technology and electronics stocks.

Odaily Odaily reported that Bitget CEO Gracy Chen announced on X platform that Bitget has purchased enterprise-level Claude access for all company employees, covering 2,167 staff members at a cost of $200 per person per month.

Gracy Chen stated, "This move is not driven by external demands, but based on our observation of increased productivity when employees actually use AI tools. It aims to ensure that our team members do not fall behind in the wave of AI adoption."

Odaily Odaily Planet Daily News According to reports, SpaceX, the aerospace company led by Elon Musk, has attracted over $250 billion in investment demand for its IPO, surpassing its planned fundraising target of $75 billion. The offering is nearly 4 times oversubscribed, valuing the company at $1.8 trillion. Bankers and investors noted that long-term funds have submitted large orders. Pricing is expected to be finalized on Thursday, though demand figures could still change before orders are placed by major institutional investors. 

SpaceX's growth narrative is primarily tied to its satellite internet business, Starlink, which has become a significant source of revenue and profit for the company. SpaceX also highlighted that its artificial intelligence products address a market opportunity worth $23 trillion. 

Cryptocurrency exchanges including Binance, Coinbase, Kraken, and Bybit have listed pre-IPO perpetual futures for SPCX this month. Binance's related product has accumulated a trading volume of $2.1 billion over 18 days, covering over 130 countries. Decentralized exchange Hyperliquid recorded a trading volume of $70 million in the past 24 hours, with open interest exceeding $115 million. (Cointelegraph)

Odaily reported that TSMC Chief Financial Officer (CFO) Wendell Huang recently stated in an interview that inflation is driving up the company's operating costs and indicated that the possibility of chip price increases cannot be ruled out. However, Huang also stated that TSMC will not suddenly raise prices by "four or five times." (Jinshi)

Odaily reports that BIT released a chart today stating that ahead of tonight's US CPI data release, Bitcoin is hovering around the $60,000 mark, with cautious market sentiment. Investors are simultaneously digesting signs of weakness in AI-themed trading and renewed geopolitical tensions surrounding the Iran conflict. We previously highlighted inflation risks following last month’s report, and Bitcoin’s subsequent pullback suggests the market is gradually realizing that higher inflation could exert sustained pressure on the asset.

The options market further confirms this growing sense of caution. The implied volatility of put options continues to exceed that of calls, pushing the options volatility skew deep into negative territory, even surpassing levels seen during the most tense period of the Iran conflict. Bitcoin is currently facing triple risk-off pressures:

- Sticky inflation;

- Declining risk appetite for AI-related assets;

- Geopolitical uncertainty.

Tonight’s CPI data will be the first key test. However, at its core, these three major themes are highly interconnected.

Odaily reported that BitFuFu has released its unaudited Bitcoin production and operational data for May 2026: The company produced a total of 177 BTC during the month, representing a 22.1% increase month-over-month. This included 87 BTC from cloud mining and 90 BTC from self-operated mining, with the latter significantly increasing from 32 BTC in April and accounting for over half of total production.

As of May 31, the company held 1,855 BTC, an increase of 43 BTC from the end of April. BitFuFu stated that the production growth was primarily due to eased power curtailment at its Ethiopian mining site, which improved mining machine runtime. During the same period, its managed hashrate was 19.5 EH/s, the average fleet efficiency was 17.8 J/TH, and the power capacity under management was 346 MW.

Odaily: Bank of America raised Oracle (ORCL.N) price target from $200 to $240. (Jin10)

Odaily reported that Cointelegraph posted on X platform, stating that CME Group has launched Nasdaq CME cryptocurrency index futures, covering BTC, Bitcoin Cash, ETH, SOL, XRP, ADA, LINK, and XLM.

Odaily reports that TSMC's May revenue reached NT$416.98 billion, hitting a record high, representing a year-over-year increase of 30.1% and a month-over-month increase of 1.5%. TSMC's total sales for the first five months of this year stood at NT$1.96 trillion, a year-over-year increase of 30%. (Jinshi)

Odaily Odaily reports that the open interest of put options on South Korea's Kospi 200 index has recently surged relative to call options, approaching levels that previously signaled market downturns. As of the close of the last trading day, the ratio of protective put options (used for hedging downside risk) to speculative call options has approached 2.5 times, marking a five-year high. This indicator has only crossed this threshold a few times before.

After the ratio broke through 2.5 in July 2007, the Kospi 200 index fell nearly 17% within the following month. After crossing this level again in January 2021, the index dropped over 5% in three weeks. The previous strong upward momentum in the South Korean stock market has begun to weaken. Investors have become increasingly cautious about artificial intelligence-related stocks, primarily due to concerns that stubborn inflation might force interest rates to remain high for a longer period.

Arun Singh, CEO of Indicus Capital, stated that the change in the put/call ratio further indicates that the global momentum trade is cooling down, in which the South Korean stock market was deeply involved. Even at current levels, it is reasonable to hedge and protect existing gains, especially as interest rate and inflation expectations are being repriced. (Jin Shi)

1. Robinhood prediction markets saw 3.9 billion event contracts in May, with an annualized revenue of approximately $470 million;

2. A whale increased its 50x short position on SP500 to $147 million, with floating profit of $1.4 million;

3. Yonhap News: South Korean retail investors borrow to bottom-fish in stocks;

4. Polymarket lists "Will SpaceX's stock open higher on its first trading day?";

5. Kalshi's contract trading volume inflated? Kalshi's crypto head's remarks questioned by Polymarket team members;

6. An address suspected to be linked to Justin Sun withdraws 12,000 ETH from Poloniex, worth $19.5 million;

7. WLFI team deposits another 177 million tokens into Binance, worth $9.73 million;

8. Polymarket is about to launch the combos feature.

Odaily Seer Channel monitoring shows that Polymarket has launched a new prediction event: "On the second trading day of SpaceX (ticker: SPCX) on the Nasdaq, will its opening price be greater than or equal to its first-day closing price (i.e., open higher on the second day)?"

SpaceX officially submitted its S-1 prospectus on May 20 and is scheduled to list on the Nasdaq on June 12. This IPO breaks tradition by adopting a fixed price of $135 per share, aiming to raise $75 billion, with a valuation of $1.75 trillion. Market traders are divided: positions betting on a higher opening on the second day are mainly supported by Starlink's strong revenue performance and the potential of space-based orbital data centers and computing power from the merger with xAI (restructured as SpaceXAI) in February 2026. Meanwhile, cautious short positions are primarily concerned about its high trailing price-to-sales (P/S) ratio of 90x, the significant losses from its AI business, and the amplifying effect of Musk's dual-class share structure on stock price volatility in the early stages of listing.

Odaily Seer Channel continues to monitor the prediction market, seeing the changes before the price is set.

Odaily reported that Alex Finn posted on X, stating that the AI subscription model is coming to an end. Claude Fable 5 will only be available in Anthropic's subscription service until June 22. After that, users will need to pay based on token usage. This change will trigger a broader industry trend: frontier models will no longer be included in subscription services. Subscription fees will only grant access to older, lower-cost models, while using the latest models will require payment for each individual token.

Alex Finn pointed out that the previous AI subscription model relied on a subsidy mechanism, where users paid a $200 monthly fee to receive token credits worth thousands of dollars, resulting in massive losses for AI companies. As investor funding decreases and IPOs approach, companies need to achieve profitability, making the subsidy model unsustainable.

Odaily reported that, according to Yonhap News Agency, the Korea Composite Stock Price Index (KOSPI) experienced a sharp two-day correction, influenced by bearish news from U.S. stocks and a plunge in semiconductor stocks. During this period, the balance of overdraft accounts at major commercial banks increased by over 600 billion won (approximately 2.67 billion yuan). Analysts believe this indicates that retail investors, anticipating a market rebound after the stock price crash, have begun using overdraft accounts for "leveraged investing." (Jin Shi)

According to SoSoValue data, on yesterday (June 9, Eastern Time), Ethereum spot ETFs experienced a total net outflow of $40.8513 million.

The Ethereum spot ETF with the largest single-day net outflow was the Grayscale Ethereum Trust ETF (ETHE), with a net outflow of $17.4201 million. To date, ETHE's historical total net outflow has reached $5.323 billion.

This was followed by the Grayscale Ethereum Mini Trust ETF (ETH), which saw a single-day net outflow of $14.958 million. Currently, ETH's historical total net inflow stands at $1.869 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $9.135 billion, with the ETF net asset ratio (market cap relative to Ethereum's total market cap) at 4.56%. The historical cumulative net inflow has reached $11.243 billion.