HYPE Price Dips Below $55, With Over 10% Drop in 24 Hours

On June 10, CryptoQuant analyst Woominkyu noted in a recent post that while Bitcoin (BTC) fell to the $60,000 level, retail traders panicked—but on-chain data showed "smart money" was buying the dip. Woominkyu explained that between June 2 and June 3, dormant wallets transferred large volumes of BTC to exchanges, pushing Bitcoin’s price down from $71,000. Once BTC dropped to the $60,000–$61,000 range, the whale buying ratio on exchanges climbed to 61.6%, signaling whale-dominated purchases were absorbing all the market’s panic selling. Over the past five days, whales withdrew roughly 11,422 BTC (valued at around $700 million) from exchanges and moved it to cold storage, driving major net outflows from exchange wallets. The analyst argues the transfer of BTC holdings from weak hands to strong hands is now complete. With more than 11,000 BTC pulled off the open market, the $60,000–$61,000 range has formed a critical support level ahead of Bitcoin’s next upward trend.

June 10 (Bloomberg) — Ant Group’s overseas business unit, Ant International, is in talks to raise roughly $1 billion to drive its growth, according to people familiar with the situation. The arm is targeting a valuation of $10 billion or higher, with existing investors General Atlantic and Silver Lake eyed as potential backers, insiders said. Discussions are ongoing and no final deal has been reached yet. If the funding round closes successfully, it will help Ant International prepare for a possible IPO in Hong Kong as early as this year. That would mark a reboot of Ant Group’s record-setting global IPO, which was halted by regulators back in 2020. Following a compliance restructuring, Ant International established an independent board in 2024. Parent company Ant Group saw its overall valuation shrink to around $79 billion in 2023, due to R&D investments and regulatory factors. Meanwhile, Ant International generated $3 billion in revenue in 2024, with roughly 25% growth recorded in 2

June 10: Pre-market trading for U.S. semiconductor stocks extended their losses, according to Bitget data. ARM fell more than 4%, Micron Technology dropped over 3%, Marvell Technology was down nearly 3%, Intel and AMD each declined more than 2%, Broadcom slid nearly 2%, and NVIDIA and TSMC traded lower by over 1%.

June 10: The U.S. Bureau of Labor Statistics (BLS) will release May consumer price index (CPI) data at 8:30 p.m. Beijing time this evening. Market consensus forecasts call for a 0.5% month-over-month rise in the May CPI, translating to a 4.2% year-over-year gain. That would mark the first time U.S. CPI has topped the 4% threshold since May 2023, and would put it at its highest reading since April of last year. Core CPI—excluding volatile food and energy prices—is projected to rise 0.3% month-over-month, with a 2.9% year-over-year increase, per consensus estimates. Driving much of this inflationary pressure has been the sharp jump in energy prices amid escalating U.S.-Iran tensions. Moody’s Analytics Chief Economist Mark Zandi recently pinned recent price hikes largely on government policies tied to the U.S.-Iran conflict. “Rising gasoline and diesel costs will push up prices for goods transported by these fuels—from groceries to Amazon packages,” he noted, adding that airlines have al

On June 10, the Hong Kong Securities and Futures Commission (SFC) further clarified a circular issued on May 22. Under FAQ 9 of the circular, licensed Hong Kong companies may continue opening new accounts for mainland Chinese investors (who use Chinese Resident Identity Cards and/or Chinese passports as identification), provided they meet all account opening requirements. The SFC also stated that licensed Hong Kong companies can keep serving existing mainland clients, but such services must not be delivered within mainland China and must comply with all relevant laws and regulatory requirements in Hong Kong and applicable jurisdictions. Additionally, the SFC noted it is aware of a joint notice issued by mainland authorities on May 22, 2026, and added that the relevant requirements also apply to financial institutions in other jurisdictions (not limited to Hong Kong) when they provide services to mainland Chinese investors. (Source: Securities Times)

June 10 — Per official announcements, OKX has rolled out its platform-native token OKUSD, a digital asset pegged 1:1 to USDT. Key features include zero-fee subscription, real-time settlement, and no lock-up periods. Holders of OKUSD automatically earn daily rewards with unlimited upside potential. Beyond that, OKUSD can be used as interest-bearing collateral for flexible loans, VIP financing, and trading account margin, enabling users to trade while earning interest simultaneously. As of now, OKUSD is exclusively available to OKX VIP users.