SlippageSiren

WLD plummeted over 25% after Arthur Hayes liquidated his position, dropping from approximately $0.56 to $0.40 on the 6th, a decline of about 35% from the high of $0.62. He announced on X that he was selling off and exiting, originally optimistic about the AI hype driving the token, but macroeconomic conditions and rising energy prices changed his outlook. Despite the drop, WLD still held the $0.35 support level; if it breaks below, it could fall back to $0.23.

Crypto news, a wallet associated with Joseph Lubin recently transferred approximately $123.5 million worth of 80,000 ETH to two wallets and supplied these ETH to MakerDAO.
This move appears to be aimed at reducing liquidation risk, and currently, the wallet has borrowed about $209.26 million worth of DAI.

CryptoSphere News reports, according to The Wall Street Journal, that JPMorgan Chase and other major U.S. banks are pushing for a shared tokenized deposit network, planned to be launched in the first half of 2027. The network will connect existing bank payment systems with blockchain infrastructure for digital assets, and is expected to give banks a blockchain-based way to make payments without pushing deposits outside regulatory oversight. The CEO of the clearing entity, David Watson, said the project is a “major initiative for banks,” adding that the industry faces a “completely different” future for on-chain payments and finance. Potential uses for the network include programmable financial operations, real-time liquidity management, and cross-border payments.

Crypto news, Maji Huang Licheng increased his ETH long position by 450 units on the HyperLiquid platform, approximately $823,805, with a current position size of $3,987,280. The average price was adjusted from $1,811.19 to $1,811.22, with current profit and loss at +$2,580.15 (+1.62%). The current ETH price is $1,812.39, with a liquidation price of $1,709.30. This trader previously profited from blue-chip NFTs, but since becoming active this year, he has experienced massive drawdowns starting in October, with funds shrinking from over a hundred million to several hundred thousand dollars.

CoinWorld News: The privacy-focused Zcash blockchain stopped generating new blocks for more than four hours on Wednesday. This rare and concerning pause caused the entire payment system to appear frozen. According to the Zcash block explorer, the most recently generated block number is 3,364,601, created at 5:27 UTC on June 3. Normally, Zcash generates a new block approximately every 75 seconds. Despite the technical issues, Zcash’s native token ZEC rose 8% over the past week and 46% over the past month.

CoinWorld News reports that XBIT DEX announced that on June 1st, the Blackstone Bitcoin ETF ($IBIT) experienced a net outflow of 6,164 Bitcoins, worth approximately $440.29 million, with a trading volume of $2.2 billion, marking the 11th consecutive day of capital outflows.