🇺🇸📊 CME and ICE Urge US Regulators to Crack Down on Hyperliquid Over Oil Market Risks

Bloomberg reported that CME Group and Intercontinental Exchange (ICE) are urging U.S. regulators to tighten oversight of crypto trading platform Hyperliquid. They warn that its anonymous trading environment could distort global oil prices and enable market manipulation. The exchanges raised concerns with the CFTC and U.S. lawmakers that the Singapore-based platform could be exploited by insiders or sanctioned state actors. #regulation

📈 #BTC Glassnode: Bitcoin network activity is rebounding fast. Historically, surges in Network Growth above the 60 level have coincided with the end of local bottoms and the return of stronger market conditions. Our Vector framework shows BTC is now approaching that same inflection zone.

🤔 Bitcoin financial services platform Onramp raised $12.5M in a Series A at a $135M valuation, led by Early Riders.

The firm now custodies over $1B in assets with zero security incidents and plans to expand its Multi-Institution Custody network and roll out its new banking-style platform, Onramp Finance.

🇺🇸👀 Crypto #ETF Flows Today:

Bitcoin ETFs:
1D NetFlow: +1,761 $BTC (+$139.54M)
7D NetFlow: -12,802 $BTC (-$1.01B)

Ethereum ETFs:
1D NetFlow: -2,350 $ETH (-$5.21M)
7D NetFlow: -93,376 $ETH (-$206.83M)

Solana ETFs:
1D NetFlow: +125,256 $SOL (+$11.15M)
7D NetFlow: +672,781 $SOL (+$59.88M)

🗣 Elon Musk says "Instagram is for girls."

🕵️ Loracle.hl has increased its $HYPE (5x) short position by 122,305 $HYPE ($5.4M).

Now he holds a 1.36M $HYPE short position valued at $59.9M, with a liquidation price of $61.71.

📈 #AAVE #KERNEL Kelp DAO announced that deposit and withdrawal functions on the mainnet and L2 network are now available again. Support for the asset rsETH has been fully restored.

👀 Drake mentions Bitcoin in new song.

"I'm a $BTC crypto big-timer."

🕵️ As the market continues to drop, Machi has closed most of his $ETH (25x) and $BTC (40x) long positions. He was also liquidated on both positions.

Machi’s losses are now back to nearly $32M, and he’s still holding part of the position, with a combined value of $10M.

⛏️ BTC Mining Pressure Score is in the deep-fear zone. Miners are doing what they always do near bottoms.

Public miners trimmed 15,000 BTC from peak treasuries. Hashprice clawed back to $37.52/PH/day.

Mining Pressure readings this deep have only printed 4 times since 2017 — each within 60 days of a base.

🗣 Elon Musk confirms SpaceX intends to make it impossible to fire him.

"I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone's bullshit quarterly earnings bonus!"

🤔 The marketing director of OpenSea stated that the next NFT cycle will differ from 2021. He noted, "Many people who bought NFTs did not buy them because they really wanted them; they treated NFTs more like a digital casino." He believes the next wave will include "tokenized Pokemon cards, Rolex watches, and in-game items." #nft

📝 SpaceX reportedly set to trade under ticker $SPCX as early as June 12.

🇺🇸💰 Grayscale Research says rising U.S. inflation and delayed Fed rate cuts could accelerate tokenized fixed income adoption and boost stablecoin issuer revenues. #stablecoin

🕵️ Abu Dhabi sovereign wealth fund Mubadala bought more of BlackRock's Bitcoin ETF and now owns over $565 million of it. #etf

🇺🇸💸 Over $900 billion wiped out from the US stock market today.

🇺🇸👀 Fox Business Host Charles Payne changes his profile picture to an American flag Bitcoin after the Clarity Act passed yesterday

📌 Top 5 News for 24 Hour:

1. Loracle.hl's $CBRS short now profitable. →
👁 473 | ❤️ 0 | 🔁 5

2. SpaceX to trade as $SPCX starting June 12. →
👁 166 | ❤️ 0 | 🔁 6

3. Elon Musk criticizes Instagram. →
👁 204 | ❤️ 3 | 🔁 4

4. Multicoin Capital facing significant losses on AAVE, selling. →
👁 310 | ❤️ 0 | 🔁 4

5. Machi faces significant losses after liquidation in crypto trading. →
👁 184 | ❤️ 0 | 🔁 4

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🕵️ Nearly all top Bitcoin traders on Hyperliquid are currently holding long positions.

🕵️ 4 wallets withdrew 89,026 $ETH worth $197.85M from FalconX and Kraken.

📈 Bybit CEO Ben: I Don't Buy Companies Blaming Layoffs on AI

In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou expressed skepticism about companies using AI as an excuse for layoffs. He believes AI cannot yet replace a significant portion of the workforce.

Zhou highlighted the challenge of measuring AI output, noting that while internal spending on large-model tokens is increasing, quantifying actual efficiency gains remains difficult. He likened AI's impact to the initial adoption of Excel, emphasizing that its transformative effect on departments still needs to be evaluated.