Multicoin Capital Has Been Accumulating a Significant Position in Zcash Since February, Believing That the Demand for Privacy Assets Will Accelerate

**May 6th Update** Data from DefiLlama reveals Coinbase’s Layer 2 network Base Chain has posted a notable on-chain recovery recently, with Total Value Locked (TVL) hitting $46.44 billion. DEX trading volume remains robust, totaling nearly $8.62 billion in the past 24 hours and $51.23 billion over the past seven days. Since the start of May, on-chain metrics have aligned with a wealth effect trend. Meanwhile, several Base ecosystem tokens have surged: - VIRTUAL: Market cap topped $500 million (+9.8% in 24h) - CLANKER: Market cap exceeded $28.7 million (+21% in 24h) - DEGEN: Market cap surpassed $26.5 million (+5.7% in 24h) - BNKR: Market cap hit $35 million (+9.7% in 24h) - TOSHI: Market cap crossed $78 million (+5.6% in 24h) This rewrite uses concise, news-driven language (common in U.S. crypto updates) with: - Clear time/context framing - Alternating action verbs (topped/exceeded/surpassed) to avoid repetition - Bullet points for scannable token data - Natur

On May 6th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that trader yixie10 (@yixie10) went long 1,760 shares of SanDisk (SNDK) at a low of $665.45 per share, with the position valued at roughly $2.61 million. The holding currently boasts an unrealized gain of $1.446 million, making it the top-performing account for Hyperliquid’s tokenized stocks. Additionally, the trader holds long positions in AMD and Micron (MU) stocks, which have yielded a profit of $3.81 million. This pushes the account’s total profit to over $5.256 million.

**May 6th** Per monitoring data from HyperInsight (Telegram: @HyperInsight), TON surged again this morning, breaching the $2 mark—up 55% from two days prior. As market momentum strengthened, renowned Hyperliquid trader Loracle opened a long position this morning chasing gains: 5x leverage, $3.2 million total notional. Current unrealized profit stands at $180,000 (27%), with an average entry price of $1.989. Loracle now holds the largest TON long position on the platform. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

**OKX to Launch BILLUSDT Perpetual Contract on May 6, 2026** Per official sources, OKX will officially launch the BILLUSDT perpetual contract at 16:00 Beijing Time (UTC+8) on May 6, 2026, across its website, mobile app, and API. The contract will support up to 20x leverage for traders. ### Notes on American language adaptation: 1. **Time zone clarity**: Explicitly labeled "Beijing Time (UTC+8)" (Americans often prefer linking UTC offsets to familiar regional time zones). 2. **Conciseness**: Structured as a news brief (common for crypto/financial updates in the U.S.). 3. **Platform specificity**: Used "mobile app" (clearer than just "app" for U.S. readers) and "across its platforms" for flow. 4. **Leverage framing**: Phrased "support up to 20x leverage for traders" to align with U.S. financial content tone.

**May 6th Market Brief: Situational Awareness LP Holdings (Q4 2025 Filings) See Broad Gains** Per Bitget market data, holdings of **Situational Awareness LP** (based on its Q4 2025 regulatory filings) posted widespread increases today. Key moves include: - Bloom Energy (BE): +2.29% - CoreWeave (CRWV): +1.96% - Core Scientific (CORZ): +5.17% - Lumentum (LITE): +1.88% - Sandisk Corp (SNDK): +11.98% - Intel (INTC): +12.92% - Applied Digital (APLD): +11.93% - IREN (IREN): +10.63% - Cipher Mining (CIFR): +23.53% - Bitdeer (BTDR): +2.63% - Coherent (COHR): +1.77% ### Founder & Fund Context Situational Awareness LP was launched by **Leopold Aschenbrenner**—a 25-year-old German-born investor (born 2001/2002) with a track record in AI infrastructure. Notable milestones: - Previously worked at FTX Future Fund - Joined OpenAI as a researcher in 2023, but was terminated in 2024 over alleged misconduct and refusal to cooperate with an internal investigation

On May 6, per Onchainlens data, a whale has resurfaced after three months of inactivity. The entity deposited $4.1 million into HyperLiquid to open a 2x leveraged long position of 92,161 SOL—valued at $8 million. Additionally, the whale maintains a long position of 5,992 ETH, worth roughly $14 million.