A certain whale switched from longing to shorting HYPE, with a short position worth $13.6 million
June 2nd: Per OnchainLens tracking, a prominent crypto whale closed its long HYPE position, locking in a $2.28 million profit before shifting to a $13.6 million 5x leveraged short HYPE position.
Additionally, the whale offloaded 40,000 HYPE spot tokens, booking a $2.85 million gain. It still holds 150,000 HYPE spot tokens valued at roughly $10.75 million, with total spot profits reaching $6.4 million.
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Huang Renxun Mentions 「Next Trillion-Dollar Company」 Driver: MRVL Daily Gain Widens to 33%, On-Chain Trading Volume Surges Past $88 Million
June 2 — Per data from Hyperinsight monitoring, Marvell Technology (NASDAQ: MRVL) extended its gains in U.S. pre-market trading, climbing 7.4% to a session high of $276. At current levels, the stock trades at roughly $270 per share, translating to a market capitalization of approximately $236.2 billion. Trading activity on the Hyperliquid platform also surged sharply: 24-hour trading volume hit $88.75 million, with open interest standing at $63 million, marking a 33% increase over the past 24 hours.
MRVL has been on a steady upward run since 9 PM ET the prior day. Catalysts behind today’s rally include two key factors: Marvell recently launched a high-capacity switching chip designed for AI data center networks, and a comment from NVIDIA CEO Jensen Huang at the Taipei International Computer Show (COMPUTEX). Huang stated during the event that “Marvell will become the next trillion-dollar company” — the primary driver of MRVL’s sharp surge.
This year’s COMPUTEX runs from Tuesday, June
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Huang Renxun Calls for Single Stock Trading, Marvell Surges Over 26% in Pre-market Trading, Still Has Fivefold Upside to Reach Trillion-dollar Goal
June 2: According to Bitget market data, NVIDIA CEO Jensen Huang’s pre-market bull call on Marvell Technology (NASDAQ: MRVL) has triggered a sharp rally in the chipmaker’s stock. The shares surged more than 26% at open, and as of press time, they’re up 21.7% to trade above $265 apiece, pushing Marvell’s market capitalization past $200 billion. That still leaves the company five times short of Huang’s stated trillion-dollar goal for it.
Today, Marvell CEO Matt Murphy delivered a keynote at Taipei’s Nangang Exhibition Center with the theme “The Future of AI Depends on Connectivity.” Huang appeared as a special guest during the event, where he publicly named Marvell as the “next trillion-dollar company.” He emphasized Marvell’s critical role in AI data center connectivity, optical interconnect, custom silicon (XPU), and the NVLink Fusion ecosystem, noting that connectivity is emerging as the next major bottleneck in AI infrastructure.
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U.S. Stock Market Computing Leader HPE Surges Over 30% in Pre-market Trading, Q2 Earnings Significantly Exceed Expectations
On June 2, Bitget market data shows that leading U.S. computing hardware manufacturer Hewlett Packard Enterprise (HPE) saw its shares surge over 30% in pre-market trading, pushing its stock price above $60. Ahead of this morning’s U.S. regular trading session, HPE released its Q2 FY2026 earnings report, which significantly exceeded analyst expectations.
The quarter’s revenue totaled $10.7 billion—a 40% year-over-year increase—far outstripping the consensus forecast of $9.8 billion. Non-GAAP earnings per share (EPS) reached $0.79, marking a 108% year-over-year jump and easily beating the projected $0.53 EPS.
The company also lifted its full-year revenue growth guidance to a range of 29% to 33%. Additionally, HPE announced it achieved its 2028 long-term financial target two years ahead of schedule, with free cash flow expected to hit at least $3.5 billion.
HPE was spun off from the original Hewlett-Packard (HP) in 2015. It specializes in enterprise-level IT infrastructure, inclu
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Tencent Cloud Intelligent Body Development Platform will reduce the price of the DeepSeek-V4 series models, with the maximum decrease reaching 97.5%.
According to DynaBeat Monitoring, Tencent Cloud’s Intelligent Body Development Platform announced it will slash prices for its DeepSeek-V4 series models starting at midnight Beijing Time on June 3, 2026. The maximum discount reaches 97.5%, aimed at further lowering user operational costs. This adjustment only affects pricing—service capabilities of the models remain unchanged.
Specifically, inference input and output prices for the DeepSeek-V4-Pro model have been cut by 75% (now 1/4 of original levels), with cache hit prices discounted by up to 97.5%. For the DeepSeek-V4-Flash model, cache hit prices are reduced by 90% (adjusted to 1/10 of their original cost). Tencent Cloud noted it will continue refining its pricing strategy for large AI models and invites users to submit feedback via support tickets.
Click the original link below to join DynaBeat Monitoring’s Feishu AI News Channel, which tracks global AI hotspots and news 24/7.
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OKX adjusts pre-market contracts for SPACEX through a proportionate change and rebrands it as SPCX
June 2: OKX announced that it has made a proportional adjustment to the SPACEXUSDT perpetual contract ahead of market open, while renaming the contract to SPCXUSDT. This change aligns the contract parameters from SpaceX’s estimated share capital to its actual share capital as disclosed in the company’s S-1 filing, with a ratio adjustment of 12.52x.
This adjustment will proportionally adjust users’ existing positions and open orders—your position value and account equity will remain essentially unchanged. During the adjustment window, order placement, modification, and cancellation services will be temporarily paused for approximately 5 minutes. Some order types will be automatically canceled during this process and need to be reset after the update. Additionally, all relevant API identifiers will be updated following the contract rename.
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