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CoinWorld News, Abraxas Capital's main address recently reduced its ETH short position by 1,354.32 coins, approximately $2,426,833.99. The position size of this address is $11,919,112.17, with an average price of $2,196.86, and current profit and loss of +$2,640,842.86 (+221.56%). The current coin price is $1,798.40, and the liquidation price is $3,012.44. Abraxas Capital's large short position was established in May; prior to that, it was the whale with the largest contract funds on HyperLiquid. Since November, this address has been continuously taking profits, with the position size previously reaching $920 million.

Crypto news, Karma3 Labs founder Sahil Dewan announced that after operating for 3.5 years, the company will gradually shut down and return remaining funds to investors. The team will open source the built code, protocols, documentation, and experience summaries, and the related GitHub repositories will be permanently archived. openrank has generated reputation scores for over 10 million on-chain users, supporting integrations with more than 50 DeFi, L1, L2, wallets, launchpads, and social networks, and has assisted in the distribution of over $50 million in incentives. The team states that it has verified that on-chain reputation signals can influence capital flow and user behavior, but has never been able to find a sustainable compound growth business model.

CryptoWorld News reports that the CL short position closed profitably on June 5, 2026, reducing 10,032.86 ZEC, approximately $943,008.32. This address shorted ZEC starting at $184, once experiencing a floating loss of $21 million, later turning profitable, and recently becoming the largest long position in the S&P 500, with holdings exceeding $70 million. The current price is $91.67, with a liquidation price of $138.62.

CryptoWorld News: Renowned trader Loracle increased his long position in WLD by 567,894.60 tokens on the HyperLiquid platform, approximately $347,686.22.
The current position size is $1,761,410.08, with an average price of $0.53, the current token price is $0.54, with a profit and loss of +$43,430.68 (+24.66%), and a liquidation price of $0.
Loracle is active within the HyperLiquid ecosystem and is regarded as one of the early contributors, founder of Hypurrfun, with a monthly profit of $16 million.

Mars Finance News, June 1st, according to AXIOS, the Lebanese Parliament Speaker told the Trump administration on Sunday local time that Hezbollah is ready for a comprehensive ceasefire with Israel and has promised to ensure the implementation of the ceasefire agreement.

Citigroup raises copper price outlook, expecting $14,500 per ton in the next month and $15,000 per ton in 12 months; a rise of over 10% compared to the current LME three-month price. Uncertainty over U.S. tariffs and the expected reopening of the Strait of Hormuz boost sentiment. Goldman Sachs also raises its end-2026 target price to $13,735 per ton. AI data centers, grid expansion, and ongoing demand from EVs and new energy sources continue to drive copper demand, but Middle East tensions, global growth slowdown, and supply-demand fluctuations pose downside risks.

CoinWorld reports that Tether has partnered with the Georgian government to launch a stablecoin pegged to the Georgian Lari (GEL), marking the first time a national currency has been directly integrated into the digital asset infrastructure under a dedicated regulatory framework. GEL aims to reduce transaction costs, enable near-instant settlement, and support programmable payments. The Georgian framework is compatible with the U.S. Genius Act and is an early example of seeking regulatory interoperability. Tether states that stablecoins are becoming part of the global financial infrastructure, with Georgian regulation laying the groundwork for innovation. The Prime Minister described this move as establishing a foundation for the digital financial world.