A whale deposited 4.997 million USDC worth of value into HyperLiquid to avoid liquidation of its ZEC short position

On May 6, per Onchainlens monitoring, a crypto whale withdrew another 9,288 ETH from a centralized exchange (CEX)—valued at roughly $21.94 million. The whale now holds a total of 27,098 ETH, worth approximately $64 million.

May 6 — Multiple sources report that China’s largest state-owned semiconductor investment vehicle, the National Integrated Circuit Industry Investment Fund (known as the “Big Fund”), is in negotiations to lead DeepSeek’s first external financing round. If the round closes, the cutting-edge AI lab’s valuation will hit roughly $45 billion.

May 6th Several crypto and payment firms have announced large-scale layoffs under the guise of embracing artificial intelligence, drawing widespread skepticism from investors and analysts over "AI washing." Since Block cut 50% of its staff in February, companies including Gemini, Coinbase and PayPal have followed suit. Coinbase CEO Brian Armstrong said, "The biggest risk right now is inaction," as the firm proactively reorganizes to build a "lean, fast, AI-native" organization. PayPal aims to save $1.5 billion over two to three years via AI transformation and will lay off 20% of its workforce. 0G Labs— which develops blockchain systems for AI agents—also cut 25% of its employees in late April. Market observers note Bitcoin has fallen roughly a third from its October 2023 peak, with low trading volumes, intensified payment industry competition and firms grappling with unique challenges (e.g., Block’s overhiring during the boom and PayPal’s new CEO pushing transformation). It’s t

May 6 – Colombian President Gustavo Petro said in a social media post on Tuesday that Caribbean coast cities including Barranquilla, Santa Marta and Riohacha have the potential to become Bitcoin mining hubs. He proposed leveraging the region’s abundant renewable energy to attract foreign investment and boost economic development, adding Colombia’s largest indigenous community—the Wayúu—could be co-owners of such projects. Petro noted similar models have succeeded in Venezuela and Paraguay. Paraguay, which relies on hydroelectric power from the Itaipu Dam, currently holds 4.3% of the global Bitcoin hash rate, ranking as the world’s fourth-largest mining nation after the U.S., Russia and China. A World Bank report from April 2024 found 75% of Colombia’s electricity comes from renewable sources—more than double the global average. Petro said using this clean energy would ease concerns about global warming that were previously exacerbated by fossil fuel-dependent Bitcoin mining.

On May 6, analyst Murphychen (Murphychen888) noted on social media that the Net Realized Profit/Loss (NRPL) indicator has moved back above the zero line—signaling a recovery in overall market profitability as new capital entering the market absorbs prior profits. Meanwhile, Bitcoin’s price has broken through the dual resistance levels of STH-RP and TMMP. Comparing to historical cycles, the early phase of the current bear market closely mirrors the peak of the previous cycle—but it has skipped the classic “Stage 2” (price hits a new low while losses do not widen, panic selling), transitioning directly from Stage 1 to Stage 3 (NRPL back above the zero line). The current market phase should be defined as “gradually emerging from a deep bear market into a bear-to-bull transition period.” Even if short-term extreme events similar to the March 12, 2020, crash occur, they are unlikely to fundamentally alter the overall trend. From a long-term perspective, 2026 will mark an “unprecede

On May 6, Huobi HTX announced the launch of its DOGS/USDT perpetual contract, which supports 1-20x leverage for both long and short positions. ### Notes on American English adaptation: 1. **Date format**: Uses "May 6" (no ordinal "th" after the number, standard in U.S. news) 2. **Conciseness**: Merges the "official announcement" context into the main clause (avoids redundant "according to...") 3. **Terminology**: "1-20x leverage" is the common shorthand in U.S. crypto/finance reporting (instead of "1-20 times leverage") 4. **Flow**: Places the key action ("launched") upfront, with supporting details (leverage) in a clear relative clause for readability.