Coinbase Launches Industry Index Perpetual Futures Contract, Supports One-Click Trading for AI, Defense, and Other Sectors

June 16 — According to Hyperinsight monitoring, HYPE surged above $70, pushing the largest HYPE long position profit on Hyperliquid to $42.7 million. The whale behind this trade went long on 1.38 million HYPE tokens with 5x leverage at an average entry price of $38.67, bringing the total position value to roughly $96.1 million. The position has already generated a 400% return on investment (ROI). As of press time, the same wallet address (0x082e843a431aef031264dc232693dd710aedca8) withdrew a large amount of position margin again today, lifting its liquidation price to $53.39. Notably, following each round of price surges, this address has extracted significant profits as position margin, with cumulative withdrawals exceeding $20 million.

June 16 – Per LookOnChain’s on-chain monitoring, asset manager Bitwise purchased 77,097 HYPE tokens via institutional trading venue FalconX roughly one hour ago, with the transaction totaling approximately $5.18 million.

June 16th — According to HTX market data, HYPE’s price has once again topped $70, currently trading at $69.974 with a 7.1% gain over the past 24 hours.

June 16 — According to monitoring from GMGN, the Chinese meme coin "Lobster" on the Binance Smart Chain (BSC) has been steadily rising this month. Its market cap surpassed $14 million today, hitting a near two-month high. The token recorded a 26% gain in the past 24 hours, with trading volume totaling $1.3 million over that same period. Cumulatively, it has surged 133% so far this month. BlockBeats Note: Meme coins are extremely volatile, driven almost entirely by market sentiment and hype, with no tangible underlying value or practical utility. Investors should fully understand the associated risks before engaging with such assets.

June 16, 2025 – Renowned trader Killa (@KillaXBT) announced he’s closed half his SpaceX stake, noting the stock is overvalued from a fundamental standpoint. That said, momentum remains red-hot, the hype is tangible, the low-float narrative is holding strong, and the short squeeze rally is unfolding exactly as expected. For context, on the day SpaceX went public, Killa warned retail investors not to short the stock and advised against taking positions opposite major institutional players like BlackRock, Fidelity, and Vanguard. A Bitcoin-focused quantitative trader, Killa accurately called the peak of this bull market back in May 2025 and boasts over 200,000 followers on X. Mid-April, he shorted Bitcoin at $74,688 before flipping to a long position during the broad market downturn on June 5.

June 16 – According to data from Farside Investors, Bitcoin ETFs posted a combined net outflow of $64.8 million in yesterday’s trading session. Breakdown shows IBIT saw a net inflow of $66.4 million, while GBTC recorded a net outflow of $124 million. For Ethereum ETFs, the total net inflow reached $22.5 million, with ETHA drawing a net inflow of $17.6 million.