RugproofRookie

CryptoWorld News: Indian law enforcement agencies recently raided several companies in Bangalore, for allegedly conducting over $260 million in cryptocurrency-related transfers.

Crypto news reports that Robinhood (HOOD) surged more than 10% intraday, with an on-chain whale posting approximately $660,000 in unrealized profit. HyperLiquid’s 10x leverage long positions total 2.08 million, returning about 472%, with principal doubling or more. Over the past 24 hours, HOOD has risen 10.4% on HyperLiquid, trading at a high of $107.5 during US stock market after-hours, up about 35% since the start of the month. The rally may be driven by the SEC pushing for exemptions for tokenized stocks; if implemented or permitted, it could enable blockchain-based traditional stocks with 7x24 trading and near-time settlement.

Rulematch was founded by former Credit Suisse Private Banking executive David Riegelnig in Zurich, offering a crypto trading platform exclusively for financial institutions, supporting BTC/ETH, covering most of the EU, the UK, and Singapore. The platform is non-custodial, settles on a daily net basis, with the first clients being 7 banks/securities firms, and Flow Traders and Bankhaus Scheich Wertpapierspezialist serving as initial market makers. It has raised approximately $14 million from ConsenSys Mesh, Flow Traders, FiveT Fintech, among others, and is currently in a new funding round.

CryptoWorld news: Renowned trader Loracle has fully closed his TON long position. Before closing, the position size was $3,047,244.71, and the address is 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae. Loracle is active in the Hyperliquid ecosystem and is regarded as one of the early contributors; he is the founder of Hypurrfun, with a monthly earning of approximately $16 million.

Crypto World News reports that the TON short position reduced by 228,010 ZEC, approximately $341,039.62 USD.
The current position size is $1,629,582.30 USD, with an average price of $1.99 USD, and a current profit and loss of +$181,868.01 USD (+22.32%).
The current coin price is $1.79 USD, and the liquidation price is $18.56 USD.
This address shorted ZEC starting at $184 USD, once experiencing an unrealized loss of $21 million USD, then turning profitable, and recently becoming the largest long position in the S&P 500, with a scale exceeding $70 million USD.

CryptoWorld News reports that, according to Coindesk, the U.S. Securities and Exchange Commission (SEC) is about to introduce an innovative exemption policy for tokenization. A former SEC lawyer stated that the agency's authority to exempt related activities under securities law remains difficult to overturn. SEC leadership said that the initial policy has a narrow scope and is time-limited.

CryptoWorld News: HYPE long positions' unrealized profits have increased from $29.34 million (+177.36%) to $31.36 million (+185.05%), with the current token price at $61.40, an average price of $38.68, a liquidation price of $49.33, and a position size reaching $84.73 million. This address heavily increased its long positions before HYPE was listed on Robinhood and is now the largest HYPE long holder, having previously suffered significant unrealized losses.

CryptoWorld News: The Gate Contract Stock Zone officially launched the VOLX (Volatility Index) perpetual contract trading on June 6th at 14:00 (UTC+8). It supports USDT settlement with leverage options ranging from 1x to 20x.

Ramp announces completion of $750 million Series F funding, with a post-money valuation of $44 billion. Leading investors include Iconiq, GIC, and Ontario Teachers' Pension Plan, with participation from Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and others. The company will expand its AI cost management business and launch an AI Token expenditure management tool to help enterprises monitor and control large model and AI service expenses.

Coin World News reports that in May, India’s fuel export volume fell to its lowest level in nearly four years. This was due to measures taken to ensure domestic supply (i.e., supply-security measures during the Iran war crisis) and refinery maintenance work, which limited export volumes. According to data from analytics firm Kpler, last month, the average daily product export volume—including diesel, gasoline, and aviation fuel—was about 878,000 barrels per day, the lowest level since October 2022 and down 31% year over year.

Hong Kong plans to legislate on virtual asset advisory and management services, submitting legislative proposals by the end of the year to establish a comprehensive regulatory framework covering trading, custody, advisory, and asset management, and to implement mandatory licensing. The new framework adheres to the principle of "same business, same risk, same rules," aligning with securities and futures regulations, with a focus on strengthening the security of private keys and client assets. The Securities and Futures Commission emphasizes that licensing will prioritize quality, balancing market capacity with regulatory standards.

Security firm PeckShield citing Gnosis co-founder Martin Köppelmann warns that Gnosis Pay has a vulnerability being exploited, related to its Delay Module. Affected users are advised to immediately withdraw all funds, including EURe and GNO, and check their related risk exposure. Currently, the official has not disclosed details of the vulnerability or the extent of losses.

BlockBeats reports that Solana developer cavemanloverboy proposed SIMD 547, aiming to improve the SOL economy by charging a basic resource consumption fee and burning it in full: each transaction would cost 0.1 lamport/cost unit and be burned. Currently, the daily burn is about 648 SOL, far below the inflation rate of 60,000 SOL per day. If implemented, the daily burn would increase to approximately 1,500–1,800 SOL, market maker fees would decrease by 3–5%, and ordinary user transaction costs would rise significantly, with scenario increases potentially exceeding 600%. This mechanism needs to be enabled after the Alpenglow upgrade and is still under community discussion.