Bitcoin Surges Above $67,000
June 3: According to HTX market data, Bitcoin has rebounded and risen above $67,000, currently trading at $67,014, with its price down 5.19% over the past 24 hours.
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The South Korean National Election Commission has filed a criminal complaint against the Incheon mayoral candidate, Yoo Jeong-bok, over the "underreported virtual assets" controversy.
June 3rd (Yonhap) — South Korea’s National Election Commission referred Incheon mayoral candidate Yoo Jeong-bok of the Korea National Power Party to police on June 1 over suspicion of violating the Public Official Election Act, Yonhap News Agency reported.
The candidate is accused of filing false asset declarations during his run. A recent correction notice from the election commission revealed discrepancies in his filings: his spouse’s assets were previously listed at 440 million South Korean won, but should be 519 million won total; his family’s total assets were incorrectly reported as 1.845 billion won, while the actual amount is 1.922 billion won.
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Garrett Jin or Accurately Exit Scammed ETH, Top-Selling to Binance Accumulating $1.35 Billion Worth of ETH
June 3 — Per monitoring from LookOnChain, trader Garrett Jin deposited a total of 577,717 ETH into Binance between May 6 and May 10. At an average ETH price of $2,337 during that window, the total value of the transaction landed at roughly $13.5 billion.
Shortly after this large deposit, ETH entered a steady pullback and tumbled more than 20% in value. Currently trading around $1,840 per ETH, the value of Jin’s deposited holdings has dropped by approximately $290 million since the time of the transfer.
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After YouTuber RoaringKitten's long call, MRVL surged by 56%, resulting in a certain trader realizing a long position profit of over $2 million.
June 3 update: According to Hyperinsight’s monitoring (https://t.me/HyperInsight), MRVL (Marvell Technology) has maintained a sharp upward trend ever since Jensen Huang named it the "next trillion-dollar company" yesterday. In today’s after-hours trading, the stock briefly neared $340, marking a 56% cumulative gain from the start of the rally.
The market surge has brought profits to both early-positioned and late-stage traders on Hyperliquid. One specific trader’s unrealized gains expanded from roughly $880,000 last evening to $2.06 million this morning, translating to a ~155% return rate.
This trader currently holds a 3x leveraged MRVL long position valued at $6.03 million — the largest MRVL long position on the platform. Reports indicate the address opened this long position as early as yesterday morning, when MRVL traded at $222, committing approximately $1.32 million in initial capital.
Address: 0x577ae91c7b74f04ddb3a5b399ded8318e9895fd2
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Huang Renxun's Stock Picks Overview: NBIS (Nebius) surged by 485.7% in the past year, while INTC (Intel) rose by 253.1% in 5 months.
June 3. Per BlockBeats statistics, stocks in NVIDIA’s portfolio have posted strong gains so far this year — several of which were publicly highlighted by NVIDIA CEO Jensen Huang (Huang Renxun) earlier. They include:
- NBIS (Nebius) — Up 485.7%: An AI infrastructure and cloud service provider, formerly Yandex’s international business unit, specializing in high-performance computing, data centers, and AI training cloud platforms.
- INTC (Intel) — Up 253.1%: A leading global semiconductor company that designs, manufactures, and sells CPUs, GPUs, data center/AI chips, and related computing products.
- CRWV (CoreWeave) — Up 198.2%: An AI cloud infrastructure provider focused on high-performance GPU cloud computing platforms, offering dedicated cloud services for AI training and inference.
- NOK (Nokia) — Up 116.9%: A telecom equipment giant delivering mobile, fixed, and cloud networking infrastructure, plus related software services.
- MRVL (Marvell Technology) — Up 55.7%: A semiconductor s
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USDH Deployer Initiates Transfer and Sale of Portion of HYPE Holdings
According to OnchainLens monitoring, on June 3rd, the USDH deployer began transferring a portion of its held HYPE approximately 12 hours ago. The address first unbonded 1.01 million HYPE, worth roughly $72.45 million, then transferred 209,984 HYPE (about $15 million) to a newly created wallet.
Additionally, 200,000 HYPE (approximately $13.76 million) was transferred to liquidity provider Flowdesk, 120,000 HYPE (around $8.25 million) to Bybit, and another 80,000 HYPE (roughly $5.7 million) is currently being sold on Hyperliquid.
It is reported that the total amount of HYPE obtained from this unbonding operation amounts to 1.01 million tokens, and the market is closely tracking their subsequent movement.
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