A whale withdrew 1,723.39 BTC from OKX in the past 24 hours, worth $105.58 million.
On June 7, according to on-chain analyst Onchain Lens (@OnchainLens), a whale address withdrew 1,723.39 BTC from OKX in the past 24 hours, valued at approximately 105.58 million USD.
Data shows that this large Bitcoin transfer occurred on the OKX platform.
[TechFlow]
New Stock God Serenity: The core of investment is identifying industry trends that the market has not yet reached a consensus on.
Serenity stated on X that its investment approach is fundamentally highly autonomous, centered on identifying industry trends not yet reaching market consensus—then conducting high-confidence extrapolations by integrating real-world observations, industry research, and revenue forecasts.
Using Raspberry Pi as an example, Serenity noted that while most investors still viewed it solely as educational or DIY hardware, he had already observed a growing number of developers deploying AI applications using both Raspberry Pi and Apple Mac Mini—and validated this trend via online tutorials. He ultimately inferred that AI would become the company’s new growth engine; subsequent earnings reports confirmed year-on-year revenue growth of 58%, significantly surpassing the prior market expectation of 14%.
Regarding AXT, Serenity explained that its investment thesis rests on in-depth research into the indium phosphide (InP) substrate supply chain and expectations of a photonics supercycle. Serenity believes AXT commands approximately 40% of the InP supply chain and holds a critical bottleneck position—making its long-term value currently underestimated.
On X-FAB, Serenity stated that the investment hypothesis remains in the validation phase. He identified the company as an emerging key player through government documents, ASE materials, and broader industry intelligence—and noted that NVIDIA is currently evaluating X-FAB’s relevant capabilities. Serenity plans to closely monitor developments over the coming months for further evidence supporting this investment logic.
Serenity emphasized that many current investment opportunities stem from synthesizing fragmented information, real-world trends, and industrial shifts—not just traditional valuation models.
[Odaily]
Next Week’s Macro Outlook: U.S. CPI Release, Two Major Central Banks’ Policy Decisions, and SpaceX’s Highly Anticipated IPO
Non-farm data exceeded expectations, Fed rate hike expectations heated up, gold plummeted, erasing its gains for the year, and US tech stocks plunged.
Next week, focus on CPI and SpaceX IPO.
Grayscale submits Canton token CC spot ETF application
Grayscale filed an S-1 application with the U.S. Securities and Exchange Commission on June 5th local time, planning to launch a spot ETF for the Canton token CC.
[Foresight News]
Grayscale files Canton ETF registration application
Grayscale filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on June 5, planning to launch the Grayscale Canton ETF.
According to the disclosure, the Grayscale Canton ETF is a spot ETF, and specific product details are yet to be announced.
[ChainCatcher]
The People’s Bank of China has increased its gold reserves for the 19th consecutive month.
On June 07, the People’s Bank of China reported that China’s gold reserves at the end of May stood at 74.96 million ounces (approximately 2331.52 tons), an increase of 320,000 ounces (approximately 9.95 tons) from the previous month. The reserves at the end of April were 74.64 million ounces (approximately 2321.56 tons).
This marks the 19th consecutive month of gold accumulation.
[深潮 TechFlow]
South Korean investors have continuously increased their positions in China’s hard-tech assets over the past month, with Cambricon receiving net purchases of approximately $19.71 million.
On June 7, according to the Shanghai Securities News, South Korean investors have recently been increasing their investments in Chinese hard-tech assets.
SEIBro data shows that as of May 27, the A-share stocks with the highest net buying settlement amounts by South Korean investors over the past month include Cambricon, Megmeet, China AMC Robot ETF, CATL, and Sanhua Intelligent Controls, with Cambricon leading at approximately $19.71 million.
Meanwhile, multiple China-themed technology ETFs in the U.S. stock market have seen net capital inflows. The report also noted that MSCI included several Chinese hard-tech companies in its latest quarterly adjustment, and foreign institutions such as Goldman Sachs have recently continued to be optimistic about the long-term value of China’s AI and technology sectors.
[TechFlow]
Hyperion DeFi will unwind $29.00 million worth of HYPE transactions with Felix and Native Markets.
According to documents submitted by HYPE Treasury company Hyperion DeFi, it terminated its agreement with Felix—a lending protocol on the Hyperliquid platform—to jointly establish a contract market last Friday and will unstake 500,000 HYPE tokens.
Additionally, Native Markets, the issuer of USDH, terminated its interim usage agreement with Hyperion on June 18. The 300,000 HYPE tokens associated with this agreement were returned on June 3.
[Foresight News]
“New Stock God” Serenity: A New Cycle of AI Advanced Packaging Is Approaching, and the Glass Substrate Industry Chain Is Reaching a Critical Juncture
“Serenity,” dubbed the “new stock god,” posted on X stating that a new cycle for AI advanced packaging is approaching. Serenity also shared recent timelines and key market participants in the glass substrate supply chain.
Specifically: SKC Absolics plans to begin mass production in the second half of 2026, primarily serving AMD customers; Samsung Electro-Mechanics × Sumitomo Chemical plans to begin mass production in the second half of 2027, primarily serving Apple, Broadcom, and major cloud computing providers; TSMC’s CoPoS roadmap forecasts for the next 2–3 years are largely accurate; Innolux is one of the beneficiaries, and SHMD may also benefit—though its financial condition remains relatively weak.
Serenity believes participants across the relevant supply chain could benefit multiple times—for example, Innolux and SKC—and upstream equipment suppliers will likewise benefit from these waves of mass production.
[Odaily]
South Korean retail investors sold over 1 trillion won in overseas stocks in the first week of June.
Data released on Sunday showed that South Korean retail investors sold more than 1 trillion Korean won worth of overseas stocks during the first week of June, suggesting they may be returning to the domestic stock market amid record gains led by semiconductor stocks.
According to data from the Korea Securities Depository (KSD), South Korean retail investors net sold $793.67 million worth of overseas stocks during the first week of June, continuing a net-selling trend that began in April. This figure far exceeds the $469 million in net sales recorded in April and approaches the record $939.77 million set in May.
If this trend continues through the end of this month, it will mark the third consecutive month of net selling—the first such occurrence since April–July 2023.
[Odaily]
The People’s Bank of China has increased its gold reserves for the 19th consecutive month.
On June 7, according to a report by Caijing News, data from the People’s Bank of China shows that foreign exchange reserves stood at $3.442238 trillion as of the end of May.
China’s gold reserves totaled 74.96 million troy ounces (approximately 2,331.52 metric tons) as of the end of May, an increase of 0.32 million troy ounces (approximately 9.95 metric tons) from the previous month; gold reserves stood at 74.64 million troy ounces (approximately 2,321.56 metric tons) as of the end of April—marking the 19th consecutive month of gold purchases.
[PANews]
Tom Lee: Don’t be misled by misinformation—cryptocurrencies are crucial in the AI world.
Bitmine Chairman Tom Lee posted on X, “Don’t be fooled by misinformation, the stock market bull run is still solid, and crypto is the only way to tokenize. In a machine-to-machine AI world, crypto is essential.”
He also included a selfie (with slightly messy hair).
[PANews]
Over the past six years, South Korea’s five major virtual asset platforms have experienced 57 hacking incidents and system failures, with total compensation amounting to 7 billion Korean Won.
South Korea’s top five virtual asset trading platforms—Upbit, Bithumb, Coinone, Korbit, and Gopax—experienced a total of 57 hacking incidents and system failures over the past six years (from 2020 to April 2026), with total compensation amounting to approximately 7 billion KRW (about $5.1 million). By exchange, the number of incidents was as follows: Upbit: 26; Bithumb: 14; Gopax: 8; Coinone: 6; Korbit: 3.
Among these, Bithumb compensated approximately 2.5 billion KRW (about $1.8 million) for its February BTC misdisbursement incident this year; Upbit compensated approximately 790 million KRW (about $570,000) for its November 2025 hacking incident and approximately 3.2 billion KRW (about $2.3 million) for its system failure on December 3, 2024.
Notably, reporting standards for exchange incidents—and the scale and form of compensation—vary significantly across platforms. For example, Gopax counts errors encountered while viewing asset lists as system failures, whereas Bithumb defines a system failure only when all customers experience difficulties using core services for more than 10 minutes.
Additionally, Bithumb issued free fee vouchers—not cash compensation—to certain applicants who incurred losses due to system failures. System-failure compensation amounts were approximately 3.21 billion KRW for Upbit, approximately 3.2 billion KRW for Bithumb, and approximately 49 million KRW for Coinone. Neither Korbit nor Gopax provided any compensation.
[ChainCatcher]
100 Days Since the Outbreak of the US-Israel-Iran War
Today (June 7), marks the 100th day since the outbreak of the US-Iran war. Since the large-scale airstrikes by the United States and Israel on Iran and Iran’s counterattack began on February 28 this year, the intense military conflict has lasted for 40 days.
Although a temporary ceasefire agreement was reached shortly after, and the US and Iran held their first round of negotiations under Pakistan’s mediation, the second round of negotiations has been delayed until now. Currently, differences remain between Iran and the US regarding the negotiations, and there has always been a lack of mutual trust between the two sides.
Furthermore, Israel’s escalation of the situation in Lebanon, disruption of negotiations, and frequent military friction between Iran and the US over the Strait of Hormuz have made the prospects for peace increasingly uncertain.
[CCTV International News]
USDC Treasury minted an additional 250.00 million USDC on the Solana chain.
June 7th news, according to Whale Alert monitoring, USDC Treasury has just minted an additional 250,000,000 USDC on the Solana chain.
[PANews]
Plasma team address transferred nearly $10 million worth of XPL to Binance
According to Onchain Lens monitoring, the Plasma team address transferred 150 million XPL to Binance, valued at approximately 9.64 million USD.
[Foresight News]
Hex Trust holds 6.42% of the circulating supply of H.
According to Ai Aunt’s monitoring, over the past 20 hours, addresses marked as Hex Trust have withdrawn 19.84 million H tokens from multiple exchanges.
Approximately 182 million H tokens have been accumulated over the past two days, accounting for 6.42% of H’s circulating supply and valued at $121 million.
[Foresight News]
Chile busts crypto money laundering network involving $8.00 million
On June 7, the Office of the United States Trade Representative (USTR) stated in its latest report that Brazil’s instant payment system, Pix, imposes burdens or restrictions on U.S. commerce, and indicated that actions could be taken under Section 301 regarding its related policies.
Meanwhile, Chilean police have arrested 18 individuals suspected of laundering money for the Venezuelan criminal organization Tren de Aragua following a two-year investigation. The estimated amount involved is $88 million, with the network utilizing bank accounts, shell companies, and cryptocurrency transfers.
Additionally, the Tether-backed agricultural company Adecoagro is advancing a project in Brazil to utilize sugarcane energy to power Bitcoin mining operations.
[TechFlow]
James Wynn opened a new 25x leveraged ETH long position, still holding a 40x leveraged BTC long.
On June 7, according to Onchain Lens monitoring, James Wynn opened a new ETH long position (25x leverage) and continues to hold a BTC long position (40x leverage).
He is currently up $5,100, but is very close to the liquidation price of $59,841.13.
[PANews]
Today’s Market Pulse
The crypto market continues its integration with traditional finance as institutional players accelerate ETF applications and strategic accumulation, while macroeconomic headwinds and geopolitical tensions create both volatility and opportunity.
Key Themes
Institutional Onslaught & ETF Expansion
What’s happening: Grayscale filed for a spot Canton token CC ETF, continuing the trend of traditional finance entering crypto. Concurrently, Hex Trust accumulated 6.42% of the circulating supply of H tokens ($121 million), while a whale withdrew 1,723 BTC ($105M) from OKX.
Why it matters: These moves signal increasing institutional acceptance and sophisticated positioning in digital assets beyond Bitcoin and Ethereum.
Near-term implication: We may see accelerated ETF applications for other altcoins, potentially bringing significant inflows but also increased regulatory scrutiny.
Macro Crosscurrents & Geopolitical Risks
What’s happening: The Fed faces critical decisions amid upcoming CPI data, while China continues gold accumulation (19th consecutive month). The US-Israel-Iran conflict marks 100 days with uncertain peace prospects.
Why it matters: Geopolitical tensions and monetary policy shifts continue to drive capital flows toward both traditional safe havens (gold) and digital assets as hedges.
Near-term implication: Heightened volatility around macro data releases, with potential flight-to-quality benefiting both gold and established cryptocurrencies.
AI-Driven Investment Revolution
What’s happening: “New Stock God” Serenity highlights AI advanced packaging cycles approaching critical junctures, while Tom Lee emphasizes crypto’s essential role in AI ecosystems.
Why it matters: Investment strategies are increasingly focused on identifying nascent industry trends before market consensus forms, particularly in AI infrastructure.
Near-term implication: Accelerated capital allocation toward crypto projects enabling AI ecosystems, with potential outperformance for specialized infrastructure tokens.
RichSilo Verdict
Smart money should monitor the Canton ETF approval process as a potential catalyst for broader altcoin adoption, while closely tracking Fed policy pivots that could trigger risk-on sentiment in crypto. The convergence of AI and blockchain infrastructure represents a multi-year opportunity, but escalating geopolitical tensions and exchange security vulnerabilities (particularly in South Korea) pose significant risks to near-term stability. Diversification between established infrastructure and emerging AI-enabling protocols will be key to navigating this complex landscape.
