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Strategy CEO: Bitcoin Sale Aimed to Test Market Response and Internal Processes

2 hours ago

On June 11, Phong Le, the company’s CEO, told CNBC during an interview that the main reason the firm sold Bitcoin was to “let the market adapt” and test its internal operational processes. This move does not represent a shift in the company’s long-term Bitcoin holding strategy; instead, it’s a way to verify that related transactions and processes function smoothly.
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Serenity: Negative News on US Stocks May Serve as Institutional Accumulation Tactic, Prompting Retail Investors to Hand Over Chips to Institutions

June 11 — "White-Haired Stock Guru" Serenity took to X to share market insights during the ongoing new tech architecture transformation: retail investors often lead early positioning, while institutional funds step in later to take over and drive market pricing. Citing examples of stocks SIVE, NBIS, and RKLB, she noted these names initially held relatively low institutional ownership, but as institutions continued building positions, each eventually hit all-time highs. Serenity added that the recent U.S. stock market pullback and growing negative sentiment toward some listed companies may be tied to institutions needing liquidity and accumulating stakes at lower price points. She pointed out that in recent years, instances where sell-side research firms released negative reports or the market saw a surge of bearish news often lined up with institutional accumulation phases. For investors, she emphasized conducting independent research, developing their own investment theses, and avoi

11 minutes ago

「Sell High」 Whale Reduces Position in SK Hynix, Increases Short Position in Samsung, Now Largest Bear on SK Hynix

June 11, per Hyperinsight Monitoring, the "sell-on-rally" whale address (0x4c78...2444) — which had amassed large short positions in South Korean semiconductor stocks — closed its short position in SK Hynix (ticker: SKHYNIX) 7 hours ago and increased its short position in Samsung Electronics (ticker: SAMSUNG) 3 hours ago. As of the latest data, the address holds an approximately $9.44 million short position in SK Hynix, with an unrealized gain of $357,000, plus a $1.05 million short in Samsung Electronics, carrying an unrealized gain of $45,000. Additional short positions are held in Micron Technology (MU), DRAM instruments, copper, NVIDIA (NVDA), Marvell Technology (MRVL), BB, and other assets, bringing its total short position value to $24.24 million, with a 100% short ratio. The whale has booked $3.09 million in profits from perpetual contracts over the past week, and remains the largest short seller of SK Hynix on the monitored platform. This trading session, Japanese and South K

11 minutes ago

A whale conducted a successful Ethereum long and short operation last night, winning all three battles and making a profit of $2.49 million.

June 11th, per Cinder Monitor: A crypto whale has landed three consecutive wins trading Ethereum (ETH) since 8 PM last night, turning $3 million into $5.49 million — a $2.49 million profit, or an 83% return. Trade breakdown: 1. Opened a $60M long ETH position at 8 PM last night, closed by 10 PM for a $1.22M profit. 2. Opened a $40M short ETH position at 12 AM today, closed at 2 AM for a $590k profit. 3. Opened a $60M long ETH position at 4 AM today, closed just at noon today for an $820k profit. Whale’s wallet address: 0xa2e81e888f4a757bbad012ea9b193e7ab93f1468

11 minutes ago

Binance Stocks will list SpaceX (SPCX) stock for limit trading on June 12th

June 11 – According to an official statement from Binance, the platform will launch whole-share limit order trading for SpaceX (ticker symbol: SPCX) on Binance Stocks, starting at 17:05 UTC+8 on June 12, 2026. Per the announcement, due to SpaceX’s IPO price discovery process, SPCX is not anticipated to open for regular trading at the standard 21:30 UTC+8 market open time. Pre-open orders will only be queued and will not be executed at this phase. The first day of SPCX trading will close at 04:00 UTC+8 on June 13, with regular trading resuming at 21:30 UTC+8 on June 15. Specific rules are in place: zero-order and amount-based orders are not supported for the first five minutes of trading on the IPO launch day and June 15. Additionally, pre-market, after-market, and overnight trading will be disabled both on the first trading session and June 15.

11 minutes ago

The average cost of Bitcoin in the entire market is approximately $48,300, with Ethereum's structural cost baseline at $700.

On June 11th, analyst firm Alicharts reports that Bitcoin’s on-chain metric—Investor Price—currently sits at $48,300. This figure reflects the market-wide average acquisition cost after excluding permanently lost coins, and it is widely regarded as a critical support level for long-term accumulation. Additionally, Ethereum’s Delta Price metric has successfully captured the cryptocurrency’s two prior market bottoms, and it is now approaching the $700 level. Delta Price is a proprietary on-chain metric from the Alphractal platform, primarily used to identify a cryptocurrency’s structural cost baseline and deep accumulation zones.

11 minutes ago

0G has partnered with MiniMax to jointly promote on-chain deployment of cutting-edge AI models

0G Labs, a decentralized AI-focused Layer 1 network, announced a partnership with MiniMax on June 11 to jointly advance cutting-edge AI models on-chain using verifiable, privacy-preserving computing infrastructure. From June 15 to 18, developers will get free access to run MiniMax models on 0G, enabling them to quickly test and build advanced blockchain-based AI applications. MiniMax’s M3 model currently ranks first on the Artificial Analysis leaderboard and is among the top trending models on OpenRouter.

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