Citi: Expects Fed to Cut Interest Rates for First Time in October

June 18 — Per Hyperinsight Monitoring, Hyperliquid’s HIP-3 ecosystem launched MINIMAX contract trading today. As of press time, MINIMAX holds approximately $480,000 in open positions, with its current price at $60.7. One trader has opened a 10x leveraged short position on MINIMAX: the position size is $178,000, with an average entry price of $60.6. On the fundamental side, MiniMax’s stock has faced sustained pressure recently. The company listed on January 9, and its prospectus notes that some early shareholders have a 6-month lock-up period. Markets are anticipating share unlocks around July 9, with concerns that an increase in circulating supply could weigh on the price. This, combined with a roughly 53% price drop in the first two weeks of June, plus M3’s commercialization pricing and a downgrade from MTS, has further suppressed MiniMax’s stock performance. Contract Address: 0xb190a3c22329da0c078679563d85421f47e7b52e The HyperInsight Bot is now live. Add @HyperInsightBot to your

June 18: Slowmist founder Wan Yee announced on social media that Aztec’s Private Rollup Bridge has suffered a suspected security breach, with three suspicious fund transfers siphoning approximately $2.15 million in total assets. Initial investigations show the stolen funds—including ETH, DAI, renBTC, and other custodial holdings—were moved to addresses controlled by the attacker.

June 18: Per monitoring by Onchain Lens, a whale has just deposited 43,235 ETH to Binance, valued at approximately $74.68 million. The whale still holds 43,562 ETH in a staking position, worth roughly $75.41 million, but is currently facing an overall unrealized loss of around $12.7 million.

On June 18, Dan Taylor of the Angelman Group noted that SpaceX’s valuation doesn’t necessarily reflect the broader AI sector’s overall health. The company’s stock performance seems less tied to a true AI-driven story and more like a bet on CEO Elon Musk’s personal reputation. Taylor added that SpaceX is unlikely to reach Musk’s proposed $1 trillion revenue target by 2030. Even so, investors still have substantial trust in Musk due to his proven entrepreneurial track record, and this “trust premium” is a key pillar supporting SpaceX’s valuation. The pace of future AI-focused IPOs will depend on how sustainable the current AI spending boom remains. Taylor also highlighted a sharp divergence in tech stocks: the semiconductor sector is rallying strongly, while Software as a Service (SaaS) firms are declining. This trend of divergence is expected to persist until concrete business returns from AI investments become more evident.

June 18 update: Per Hyperinsight monitoring, as of press time, only one whale on the Hyperliquid platform has opened a position and is currently holding a multi-million-dollar BTC position. This particular whale had previously gone long on crude oil during the U.S.-Iran conflict, took a substantial loss, exited the trade, and remained inactive for roughly half a month. Last night, this wallet address deposited $465,000 back into Hyperliquid and shorted 237.6 BTC with 30x leverage, resulting in a position worth approximately $15.5 million, with an average entry price of $65,207. The short position now carries unrealized gains of around $320,000, marking a 63% return. The whale plans to trigger a market stop-loss if BTC rises to roughly $71,604. Wallet Address: 0xf35aad55c9941333bfdc69175eba123d8b01338a

June 18 – According to Bitget’s market data, South Korea’s KOSPI index extended its gains, with an intraday rise of 2% to hit a new high.