Prominent Short Seller 'Abraxas Capital' has accumulated a total profit of $301 million across all trades, with $33.83 million specifically generated from funding rate arbitrage.

On June 4, per GMGN monitoring data, Solana-based meme coin THREE surged 104% over the past two hours, hitting a peak market cap of $16 million. It has since pulled back to $13 million, boasting a 24-hour gain of 220% and $8.4 million in trading volume during the same period. The token THREE is the native asset of three.ws, a Solana ecosystem AI project that launched via Pump.fun. The project is a browser-based on-chain 3D AI agent platform that lets users generate custom 3D AI agents with one click and embed them into any website. THREE began its rally on June 1 after IBM’s official X account replied to a tweet about the project. Yesterday, three.ws and IBM formally announced their strategic partnership, news that further boosted the token’s momentum today. Additionally, THREE’s listing on a crypto exchange combined to drive its market cap higher. BlockBeats Reminder: Meme coins are highly volatile, often fueled by market sentiment and hype around concepts, and frequently lack tang

June 4 — Crypto data platform Arkham Intelligence reports that multiple block explorers for privacy coin Zcash have not displayed new block confirmations over the past several hours, sparking community discussion about whether the network has stalled. After filtering Zcash’s on-chain transaction records, Arkham found no new on-chain transfers in more than five hours, leading some users to speculate the Zcash network might have stopped producing blocks. However, there’s currently no evidence pointing to a full mainnet shutdown. Some community members suggest the problem lies with data nodes that block explorers depend on failing, rather than a disruption to Zcash’s consensus network. Separately, some Zcash mining pool monitoring pages still show new blocks being produced continuously. Another theory ties the issue to a recent network upgrade. On May 29, the development team discovered a vulnerability in the Orchard Shielded Pool, and completed a fix plus network upgrade on June 1. Sev

On June 4, on-chain monitoring firm OnchainLens reported that Arthur Hayes unloaded 247,334 HYPE tokens worth approximately $18.02 million, plus an undisclosed quantity of NEAR tokens. This sell-off took place shortly after Hayes entered a $100,000 charity bet with Kyle Samani. Prior to the wager, Hayes claimed that by the end of 2026, HYPE would outperform all top-10 cryptocurrencies by market capitalization — a prediction he personally challenged Samani to take on. Samani accepted the challenge and chose Solana (SOL) as his pick in the bet.

June 4 Official Notice: Binance will temporarily pause its stock trading services for a planned system upgrade conducted by a partner brokerage, according to official sources. Scheduled upgrade window: June 6, 2026, 7:50 AM to June 7, 2026, 12:00 AM (Beijing Time) Binance strongly advises users to cancel all pending Binance stock trading orders before the scheduled upgrade to avoid potential losses. Any active stock orders remaining during the upgrade will be automatically canceled on June 5, 2026, at 11:50 PM UTC.

On June 4, Lebanese national media reported that Israel launched an attack against Lebanon after both sides agreed to a conditional ceasefire. (Xinhua)

On June 4th, Arthur Hayes took to social media to announce he has closed all his positions in HYPE and NEAR. He noted the full reasoning behind the move will be laid out in an upcoming article titled "Reality Check," set to release next Tuesday. Key takeaways from his announcement include: - Energy prices are rising, driven by the Iran conflict and inventory restocking activities - Three major AI projects are scheduled to go public between now and early Q3 - Hayes predicts Trump will pivot to an anti-AI stance to boost the Republican Party’s chances in the midterm elections - He forecasts the market will hit its peak between today and September - It’s time to take profits now