Newly created address 0x643. Extract 1229524 HYPE from multiple exchanges and pledge them
--
Newly created address 0x643 extracted 88350 HYPEs worth $6.4 million from OKX, Gate, Kraken, and Bybit. Starting from June 1st, a total of 1229524 HYPE have been withdrawn from this address and used as collateral. （Onchain Lens）
The High Court of Australia has ruled that Block Earner revenue products must be licensed for operation
According to The Block, the Australian High Court has ruled that the Earner product launched by Block Earner is a regulated financial product, and providing the product requires holding an Australian financial services license. The court supports the appeal of the Australian Securities and Investments Commission (ASIC) to overturn the lower court's ruling. This case will be returned to the federal court to hear the issue of punishment. Block Earner has closed the product in November 2022 and shifted its business towards developing cryptocurrency backed housing loan products.
Citadel Securities stated that the market underestimated the risk of the Federal Reserve raising interest rates, as inflation is more stubborn than expected, strong wage growth, resilient demand, supply chain pressures, and thriving AI investments are maintaining price pressures.
According to Ai Yi's monitoring, the a16z affiliated entity withdrew 88350 HYPEs worth approximately 6.4 million US dollars from the exchange within half an hour. Since 2026, the entity has accumulated 7.335 million HYPE positions with a total amount of approximately 340 million US dollars, an average price of 46.46 US dollars, and a current floating profit of approximately 193 million US dollars.
According to Wall Street Journal citing Semafor, senior officials of the Trump administration have discussed the structure and equity distribution plan of the US government's investment in large artificial intelligence companies. US Treasury Secretary Besson supports using equity in artificial intelligence companies to provide seed funding for Trump's account, while US Commerce Secretary Lutnik is inclined to transfer equity to sovereign wealth funds. The relevant discussions are in the early stages and no decision has been made yet.
