Bithumb will suspend MANTRA (OM) deposits and withdrawals on June 9th to support the mainnet upgrade

June 4: According to AI Checky—HYPE’s largest external entity—crypto firm a16z added 155,321 HYPE tokens over the past 14 hours, worth $11.126 million. Year-to-date 2026, a16z has accumulated a total of 6.754 million HYPE tokens, with an aggregate value exceeding $312 million. The firm’s average purchase price per token stands at $46.24, translating to an unrealized gain of $141 million at current valuations.

June 4th — According to Bitget market data, WTI crude oil fell below $96 per barrel, dropping 2.03% intraday. Brent crude oil retreated to below $95 per barrel, down 2.36% in intraday trading.

June 4 — Jess Asato, a UK Labour Party Member of Parliament, has filed a lawsuit in the UK High Court against Elon Musk’s AI startup xAI, alleging its Grok chatbot was used to generate deepfake pornographic and sexually explicit content involving her. Asato states that after she publicly criticized Grok in January, users exploited the model to create and spread fake images of her in a bikini, plus a deepfake video depicting a sexual assault scenario. She argues this capability to produce such content was not an abuse of the tool, but a deliberate design choice by xAI. The lawsuit cites the UK’s Data Protection Act and laws against misuse of private information. Beyond seeking financial damages, Asato aims to set a legal precedent holding AI companies accountable for their model’s design, and push tech firms to strengthen their security protocols. Earlier, following public backlash, xAI announced it would ban Grok users from generating sexually explicit images of real people. In the

June 4th, according to Hyperinsight Monitoring (https://t.me/HyperInsight), a whale on Hyperliquid fully closed out their HYPE long position amid HYPE’s afternoon price decline, taking an approximate $1.52 million loss. This long position had previously reached $18.42 million. In the past hour, the whale has pivoted to BTC, opening a long position of 330.2 BTC with 40x leverage. The position is valued at roughly $20.8 million, with an average entry price of $63,303 and a liquidation price of $62,455. This makes the whale the BTC long trader closest to liquidation on Hyperliquid, with less than $500 (0.7%) separating their position from liquidation. Wallet Address: 0xc6fee72e2dfb27d75c282747f268738c7bc179b1

June 4, per HTX market data, Bitcoin once again dipped below $63,000, logging a 6.01% decrease over the 24-hour period. U.S. premarket trading for crypto-related stocks continued to slide, with the following tickers seeing losses: MSTR fell 1.19%, COIN dipped 1.38%, CRCL declined 0.80%, SBET dropped 2.53%, BMNR slipped 2.31%, HOOD retreated 2.75%, and PURR plummeted 8.29%.

June 4 – Pre-market crypto-linked stocks on U.S. equities markets extended losses, per Bitget market data. Declines were recorded across the following names: MSTR fell 1.19%, COIN dropped 1.38%, CRCL declined 0.80%, SBET fell 2.53%, BMNR dropped 2.31%, HOOD lost 2.75%, while PURR plunged 8.29%.