SpiralSeaSalt

The short position took some profit, and what was left ended up breaking even before the loss.
This drop here feels a bit like an early digestion of bad news/negative catalysts.

According to Decrypt, Bitcoin continued to decline this week, currently trading at $60.6k, below the $69.4k on Election Day 2024; it briefly fell below $60k for the first time since 2024, about a 52% drop from the $126.1k high. Trump previously rose above $75k after his re-election, reaching approximately $109k in January 2025, and after hitting a high in October, it fell to $106k during a $19 billion liquidation. In January 2026, ETF net outflows exceeded $1.5 billion. MicroStrategy sold 32 bitcoins at the end of May, approximately $2.5 million. Trump stated he would not disappoint the crypto industry, the Genius Act has been signed into law, and the Clarity Act has not yet been legislated.

Wu said that Keel Infrastructure (NASDAQ/TSX: KEEL, formerly Bitcoin mining company Bitfarms) announced that it has increased the issuance size of its current convertible senior bonds from the originally planned $350 million to $400 million (with an additional $58 million over-allotment option), and is expected to close by June 9, 2026. The funds raised, after deducting the cost of the cap call options, will be used to expand and accelerate data center development projects (such as Panther Creek, Sharon, and Moses Lake) as well as other general corporate purposes.

CryptoWorld News: On Coinbase's Base network, proxy payment activities have exceeded 100 million transactions, demonstrating the increasing adoption of AI-driven on-chain payments.

CryptoWorld News: The largest ETH long position added $5.7 million in margin this morning to save itself, with unrealized losses reaching as high as $51.5 million. Currently, unrealized losses have slightly narrowed to $47.5 million. The initial capital for this position was approximately $16.5 million, and the loss is nearly three times the principal. Monitoring shows that the liquidation price for this address is as high as $1,716. To avoid forced liquidation, the address urgently topped up margin to three addresses within the past 6 hours, totaling about $5.74 million, with the recent liquidation line moved down to $1,573. Currently, this whale holds a total of 120k ETH long on HyperLiquid (about $224 million), with an overall leverage of approximately 18x, and an average entry price of around $2,270.

Coin Circle News: Russia’s First Deputy Prime Minister Manturov said that Russia now produces 15,000 FPV drones every day. In 2023, producing this quantity would take a full month.

This article focuses on AI Frontline Deployment Engineers (FDE) and their value, emphasizing that deploying general large models as enterprise-customized agent workflows requires on-site execution and communication. The author predicts that in the future, the greater demand will be for AI engineers within companies who are proficient in prompts, frameworks, and evaluation, and skilled in using tools like Claude Code, Codex, and others to embed AI capabilities into software and business. AI roles will diversify into areas such as LLMOps, evaluation engineers, and AI data engineers, with truly scarce talent being versatile individuals who understand both engineering and business.

CoinWorld News reports that the U.S. Central Command announced on social media that at 11 p.m. Eastern Time last night, U.S. forces successfully intercepted two Iranian ballistic missiles aimed at U.S. troops in Kuwait. These two missiles were immediately shot down, causing no casualties among U.S. personnel.

LINEA'S TVL JUST CRASHED 30% IN A MONTH
Consensys-backed Layer 2 network #Linea has seen its total value locked plunge more than -30% over the last month, as per DefiLlama data.
TVL now sits at roughly $33 million, a staggering collapse from peak levels above $1.6 BILLION
$LINEA

CryptoWorld News reports that, according to crypto analyst AI Auntie monitoring, strategy withdrew 411 BTC from Coinbase three hours ago, matching exactly the 411 BTC transferred into Coinbase the previous day. AI Auntie states that this move may indicate that the previous market speculation about strategy selling Bitcoin was a misunderstanding. However, the probability of the prediction event on Polymarket that "strategy will sell BTC before the end of the year" has not significantly declined and remains at 89%.