A former Google technology executive has sold all his Bitcoin holdings and claimed to have suffered huge financial losses.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale closed out a position to take a $3.277 million profit in the early hours of yesterday, before opening a new short position worth $70.76 million last night. As of now, the address holds short positions of 912.93 BTC (valued at $54.98 million) and 10,000 ETH (valued at $15.83 million), with entry prices of $59,137 and $1,532 respectively, posting an unrealized loss of $1.418 million.

Citrini analyst Zephyr cited China’s mobile phone shipment data, noting that foreign brands including iPhone saw a 19.2% year-on-year drop in May, while local brands such as Huawei drove total shipment growth of 16.5%, putting Apple under increasing pressure in the Chinese market. Zephyr added that Apple faces not only price issues but also DRAM supply shortages; CXMT (Changxin Memory Technologies) products mainly serve the Chinese market, so Apple has to compete with Huawei, which uses CXMT and SwaySure’s joint memory factory. Zephyr believes Apple will struggle to maintain its Chinese market share if it does not adopt CXMT DRAM, and the Kirin 9040 will significantly narrow the SoC performance gap, hinting that Apple is lobbying to import 3D NAND flash memory produced by Yangtze Memory Technologies. Today’s news: Apple Inc. is lobbying the Trump administration to allow it to purchase DRAM chips manufactured by China’s Changxin Memory Technologies (CXMT).

According to Yujin Monitoring, Garrett Jin, the agent of the so-called "BTC OG insider whale", placed a ZEC short order worth $21.73 million at $418.9 half an hour ago. So far, $4.93 million of the order has been filled, with $16.8 million worth of positions still pending execution. Once fully filled, he will become the largest ZEC holder on Hyperliquid. Separately, his 1,270 BTC long position opened at $76,117 (valued at $96.54 million) is currently sitting on an unrealized loss of $20.15 million.

Base Build tweeted that the mainnet activation of the Base B20 token standard has been delayed again due to recent network stability issues, with the adjusted timeline to be announced by the official soon. Sepolia and Vibenet, meanwhile, remain on track as planned. Earlier, Base Senior Developer Advocate Jon Roethke had tweeted that the B20 token standard was initially scheduled to activate on Base mainnet at 2:00 on June 27.

Investment research firm Silicon Data released data showing that the widespread adoption of low-cost open-source models has led to a drop in spot rental prices for H100 GPUs and a decline in the token price index. However, the firm noted that this does not indicate a weakening of overall AI demand, adding that the large-scale shift of users to low-cost open-source models has instead driven an increase in total computing consumption, sustaining demand for high-end computing resources.

According to a report by the Financial Times, Apple Inc. has lobbied the Trump administration to allow it to purchase DRAM chips manufactured by Chinese firm Changxin Memory Technologies.