Odaily News: Israeli military confirms missiles have been launched from Iran towards Israeli territory. (Jin Shi)

According to Odaily, silver prices have pulled back following a strong surge in the early period. Data from the Gate platform shows that the 24-hour high for Silver (XAG) reached $68.78 and is currently trading at $67.83. CoinGlass data indicates that the 24-hour trading volume for Gate XAG contracts reached $49.873 million, a growth of 794.70% compared to the previous period, ranking it among the top three globally. Furthermore, the open interest for these contracts stood at $68.1297 million, securing the second position globally.

Gate has pioneered its metal perpetual contract and CFD contract trading segment, covering mainstream metal trading instruments such as Gold, Silver, and Platinum, and supports 7×24 trading with USDT settlement. Leveraging Gate's innovative unified account system, users can allocate diverse assets including stocks, metals, forex, indices, and commodities without the need for cross-platform operations, aiding users in achieving more flexible and efficient one-stop global asset strategy allocation amidst volatile market conditions.

Odaily, Citrini analyst jukan posted on platform X, revealing that Bernstein is very optimistic about the pricing of HBM4 in 2027, anticipating that the price will rise to $53 per GB when Vera Rubin achieves volume shipments.

Odaily reported that Arthur Hayes posted on platform X, responding to Onchain Lens's monitoring of "Arthur Hayes suspected of buying HYPE, withdrawing nearly 340,000 HYPE," stating, "I didn’t buy shit."

Odaily reported that as the market begins to rebound, the 22-game winning streak trader pension-usdt.eth increased their ETH short position by 10,000 ETH, worth $16.8 million, 9 hours ago. Their total short position has now grown to 60,000 ETH, valued at $101 million. This trader has accumulated profits exceeding $45 million.

Odaily reports that Greenshine Harmonic has broken through 449 yuan, surging over 12% intraday, and is now reported at 440 yuan.

Previous news: "New Stock God" Serenity calls Greenshine Harmonic again: stock price is still severely undervalued, but I cannot predict short-term volatility.

Odaily Seer monitoring shows that Polymarket has launched a new prediction event titled "Was Zcash's Orchard privacy pool confirmed to have been exploited?"

On June 4, Zcash's core development team revealed that they had deployed an emergency network upgrade to fix a critical cryptographic vulnerability in the Orchard privacy pool. This flaw could have potentially allowed a malicious attacker to arbitrarily forge unlimited amounts of ZEC. Due to the vulnerability's characteristic that "it is impossible to cryptographically prove whether it was exploited in the past," independent support organization Shielded Labs subsequently proposed on June 5 to deploy a new privacy pool during the NU7 upgrade at the end of July. They also suggested implementing strict "Turnstile-accounting" audits for tokens exiting Orchard to investigate whether any forged tokens exist. According to the settlement rules for this prediction event, if before December 31, 2026, official sources or mainstream credible media confirm that the vulnerability was effectively exploited on the mainnet before being patched, the event will settle as YES.

Odaily Seer continues to monitor prediction markets, seeing changes before pricing.

Goldman Sachs’ chief Asia-Pacific equity strategist Timothy Moe stated that the South Korean stock market is expected to rebound after a circuit-breaker-triggering sell-off. In the long run, this will prove to be a technical correction, albeit a frightening one within a prolonged bull market. Fundamentals remain very strong.

The Korea Composite Stock Price Index (KOSPI) plunged as much as 8.8% on Monday, leading the decline among Asian tech stocks. This drop occurred after a strong rally fueled by optimism over artificial intelligence, during which many investors used leverage to chase gains in a handful of semiconductor and tech stock sectors.

Moe noted: “There were clear signs of increasing speculative activity, particularly among South Korean retail investors who were especially keen on buying some leveraged ETFs. What we are seeing now is that these accumulated positions are being forced to sell, and the leverage effect is further exacerbating the decline.” Last week, Goldman Sachs raised its outlook for the South Korean and Taiwanese stock markets, citing expectations that the AI boom will drive profit growth in these tech-heavy markets. Moe added on Monday that valuations of South Korean stocks are very reasonable and expects potential profits to continue fueling growth. (Jin Shi)

Odaily Odaily reported on June 5 that the UK High Court held a procedural hearing on the asset disposal related to the Qian Zhimin case. Concerning the approximately 60,000 bitcoins involved in the case, around 16,000 Chinese victims have registered through multiple UK law firms to participate in the civil recovery process under the UK's Proceeds of Crime Act. The relevant registration window closed on May 22.

A key issue addressed during this hearing was how multiple law firms would share the joint litigation costs. The judge ultimately decided that each law firm must deposit a proportional share of £190,000 into the court account based on the number of victims they represent, with a deadline of June 26 at 4:00 PM. A dedicated hearing on the "applicable legal issues" to determine whether the Chinese victims can claim ownership of the assets involved in the case will be held in July. (Caixin)

Odaily Planet Daily News: The World Cup will kick off on June 11, and the Hong Kong police have launched the Gobi and Wind Shield operations, targeting illegal offshore gambling through publicity, education, intelligence, and law enforcement. The police noted that in recent years, illegal gambling has become increasingly digitalized, including online betting, solicitation of gamblers via social media, and settlement of bets with virtual currencies. The police stated that they still have the capability to trace participants.

According to the law, placing bets with offshore bookmakers carries a maximum penalty of 9 months in prison and a fine of HK$50,000. Accepting bets carries a maximum penalty of 7 years in prison and a fine of HK$5 million. Money laundering carries a maximum penalty of 14 years in prison and a fine of HK$5 million. The police also shared the case of a young man who was addicted to offshore gambling, at one point owing as much as HK$160,000. A police clinical psychologist warned that those who start gambling before the age of 18 have an over 80% risk of developing gambling disorder later in life. (Sing Tao Daily)

Odaily Planet Daily News: AI startup Moonshot AI is seeking to raise up to $2 billion in a new funding round, which would value the company at $30 billion. Moonshot AI has already entered early-stage talks with potential investors and plans to raise over $1 billion. Meanwhile, the company is nearing the completion of a funding round led by Meituan, which values it at $2 billion.

As of April, Moonshot AI's annualized recurring revenue had exceeded $200 million, driven by increased demand for its Kimi chatbot and large language model. Additionally, the company is dismantling its offshore structure to pave the way for an initial public offering in Hong Kong, and plans to establish a joint venture structure to allow foreign capital to participate. The company recently launched Kimi Work, a general-purpose AI agent based on its K2.6 series model. (Bloomberg)

Odaily reports that on June 7, the State Administration of Foreign Exchange released data showing that as of the end of May 2026, China's foreign exchange reserves stood at $3,442.2 billion, an increase of $31.7 billion, or 0.93%, from the end of April. Gold reserve data released on the same day showed that China's gold reserves have increased for 19 consecutive months.

According to official reserve asset data updated on June 7, as of the end of May 2026, China's gold reserves stood at 74.96 million fine troy ounces, an increase of 320,000 ounces from 74.64 million ounces at the end of April. The People's Bank of China began this round of gold purchases in November 2024, and as of the end of May 2026, it has increased its holdings for 19 consecutive months.

Between March 2025 and February 2026, the People's Bank of China's monthly gold purchases remained below 100,000 ounces. Since March, the scale of monthly purchases has been steadily increasing, reaching 160,000 ounces, 260,000 ounces, and 320,000 ounces respectively.

Data shows that as of the end of 2025, gold accounted for approximately 8.8% of China's official international reserves, which are mainly composed of foreign exchange reserves and gold reserves. According to data released by the European Central Bank on June 2, as of the end of 2025, gold's share of total reserve assets held by central banks globally reached 27%, up from 20% at the end of the previous year. This indicates that the current proportion of gold in China's reserves is significantly low, leaving considerable room for further increases in the future. (Chang'an Street News)

According to SoSoValue data, the crypto market sectors have broadly rebounded after several days of decline, with 24-hour gains ranging from approximately 2% to 25%. Among them, the NFT sector performed notably, rising 25.55% in 24 hours. Within the sector, Audiera (BEAT) surged 70.16%, while Pudgy Penguins (PENGU) gained 4.09%. Meanwhile, Bitcoin (BTC) rose 2.61%, rebounding above the $63,000 mark; Ethereum (ETH) increased 5.93%, approaching $1,600.

It is worth noting that MAG7.ssi rose 3.02%, DEFI.ssi increased 2.28%, and MEME.ssi gained 2.52%.

Other sectors with standout performance include: the AI sector rising 3.84% in 24 hours, with Siren (SIREN) up 39.77%; the CeFi sector rising 3.76%, with Cronos (CRO) up 5.38%; the Layer1 sector rising 2.97%, with Zcash (ZEC) rebounding 13.58% after a continuous sharp decline; the Meme sector rising 2.93%, with BUILDon (B) up 12.96%; the PayFi sector rising 2.42%, with Dash (DASH) up 9.71%; the Layer2 sector rising 1.98%, with Mantle (MNT) up 5.32%; and the DeFi sector rising 1.03%, with Chainlink (LINK) up 4.74%.

Additionally, only the SocialFi sector declined by 2.63%, with Toncoin (TON) falling 3.19%.

Reflecting the historical performance of the sectors, the crypto sector indices show that the ssiLayer1, ssiCeFi, and ssiMAG7 indices rose by 3.87%, 3.84%, and 3.50%, respectively.

According to Defillama data, Polymarket's total historical fee revenue has exceeded $83 million, and after deducting liquidity subsidy expenditures, its cumulative profits amount to approximately $54.43 million.

Odaily, "New Stock God" Serenity posted again on platform X: "If we take into account component costs, existing customers, and the size of the robotics market, LeaderDrive's stock price remains severely undervalued in the coming years. However, I cannot control short-term fluctuations, especially considering the macroeconomic environment."

Odaily reported that Syscoin posted on X, stating that a recent security incident occurred on the Syscoin cross-chain bridge, involving approximately 5 billion SYS. The attacker exploited a verification issue in the cross-chain bridge process, resulting in the creation of unauthorized SYS outputs on the UTXO side.

The cross-chain bridge has been temporarily suspended. Syscoin has contacted exchanges and relevant partners, requesting blacklisting, freezing, or close monitoring of SYS deposits associated with the compromised UTXO path and subsequent spending. The team has identified the affected verification path and developed a fix. The current priority is to complete the implementation and review of the fix, and to determine the correct process for reversing the unauthorized SYS outputs and eliminating their impact on the network. Users are advised not to interact with the cross-chain bridge during its suspension.