On June 4, a whale trader known as Evaded (@ICanPlug) experienced a complete liquidation of their ZEC long position, resulting in a loss of approximately $2.9 million. According to BlockBeats On-chain Detection, the trader subsequently opened another ZEC long position with 10x leverage. However, as the market continued to decline, the trader's cumulative losses have now exceeded $5.4 million.

Arthur Hayes has sold 247,334 HYPE tokens, valued at $18.02 million, according to Onchain Lens. The sale occurred shortly after Hayes publicly challenged Kyle Samani to a $100,000 charity bet, asserting that HYPE would outperform all other top ten cryptocurrencies by market cap by the end of the year. Samani accepted the challenge, betting on SOL. Earlier reports indicated that Hayes had liquidated his holdings in both HYPE and NEAR. According to ChainCatcher, this development follows Hayes' recent disclosure of his complete exit from HYPE and NEAR investments.

Spain's seasonally adjusted industrial output for April showed a year-on-year increase of 2%, aligning with expectations. According to Jin10, the previous value was revised from 1.80% to 1.9%.

SlowMist has identified a new type of Rust supply chain malware named IronWorm, which is actively targeting developer environments and the Web3/crypto ecosystem. According to Odaily, the malware spreads through malicious npm packages and poses threats such as credential theft, wallet mnemonic and password theft, GitHub repository tampering, malicious package publishing, CI/CD key theft, Tor-based command and control, and stealthy persistence via eBPF rootkit. SlowMist advises security teams to audit repositories for suspicious commits, branches, and build hooks, especially those under automated identities like claude, dependabot, renovate, or github-actions. They recommend removing or deprecating affected package versions, releasing clean versions, rotating all exposed keys and tokens, reviewing GitHub Actions build artifacts, and rebuilding potentially infected developer or CI systems from clean images. This threat was discovered and analyzed by JFrogSecurity.

Switzerland is set to release its seasonally adjusted unemployment rate for May in ten minutes. According to Jin10, this data will provide insights into the country's labor market conditions.

Chillguy (CHILLGUY) has dropped in value amidst plagiarism allegations involving its meme. Phillip Banks, the alleged creator, hinted at his authorship, while others claim the image may have been AI-manipulated. The debate continues: who truly created the meme?