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On June 6, Arkham reported that 'Maji Brother' Huang Licheng has accumulated a loss of $80 million in trading crypto perpetual contracts on Hyperliquid over the past year. This liquidation marks the first time he has not immediately replenished funds to his account after being liquidated.

[Maji Accumulates $80 Million Loss in Contract Trading on Hyperliquid Over the Past Year]On June 6, Arkham reported that 'Maji Brother' Huang Licheng has accumulated a loss of $80 million in trading crypto perpetual contracts on Hyperliquid over the past year. This liquidation marks the first time he has not immediately replenished funds to his account after being liquidated.

Maji Accumulates $80 Million Loss in Contract Trading on Hyperliquid Over the Past Year

On June 6, following Futu, Tiger, and Changqiao, another cross-border brokerage announced the cleanup of its existing operations in mainland China. Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will make corresponding adjustments to the services for existing investor accounts in mainland China: first, for trading services in mainland China: the opening of new positions and adding to existing positions for all varieties, including stocks, will be suspended, only allowing sell and close operations; second, for fund transfer services in mainland China: the transfer of funds and securities into accounts will be suspended, while the transfer out function will remain normal. The notice indicated that these adjustments are to comply with industry regulatory requirements during a two-year concentrated rectification period, promoting the standardized development of cross-border securities business. It emphasized that this adjustment will not affect the services provided to existing investors overseas, nor will it impact the safety of existing assets for all clients. Clients can still normally check their accounts, hold, and sell existing positions. This also means that, in addition to the three brokerages directly named by the China Securities Regulatory Commission on May 22, some small and medium-sized brokerages will also begin to rectify their existing illegal operations.

[After Futu, Tiger, and Changqiao, Huasheng Securities to Clean Up Mainland China Operations]On June 6, following Futu, Tiger, and Changqiao, another cross-border brokerage announced the cleanup of its existing operations in mainland China. Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will make corresponding adjustments to the services for existing investor accounts in mainland China: first, for trading services in mainland China: the opening of new positions and adding to existing positions for all varieties, including stocks, will be suspended, only allowing sell and close operations; second, for fund transfer services in mainland China: the transfer of funds and securities into accounts will be suspended, while the transfer out function will remain normal. The notice indicated that these adjustments are to comply with industry regulatory requirements during a two-year concentrated rectification period, promoting the standardized development of cross-border securities business. It emphasized that this adjustment will not affect the services provided to existing investors overseas, nor will it impact the safety of existing assets for all clients. Clients can still normally check their accounts, hold, and sell existing positions. This also means that, in addition to the three brokerages directly named by the China Securities Regulatory Commission on May 22, some small and medium-sized brokerages will also begin to rectify their existing illegal operations.

After Futu, Tiger, and Changqiao, Huasheng Securities to Clean Up Mainland China Operations

The Heima community has voted to approve a proposal to burn 16.5 million HEI tokens. The proposal includes the destruction of 16.5 million HEI from the ecological allocation, which consists of 12.05 million locked HEI and 4.45 million unlocked but unused HEI tokens. This fund was initially reserved for Polkadot parachain auctions, but as Polkadot shifted from parachain auctions to Coretime sales, Heima stated that the required DOT costs can now be covered by the team's reserved DOT treasury. Additionally, the official announcement indicated that the burn will not occur immediately after the referendum concludes; it will be executed 288,000 blocks after the proposal passes. Based on block time, this is expected to take approximately 40 to 60 days from today.

[Heima Community Votes to Burn 16.5 Million HEI Tokens]The Heima community has voted to approve a proposal to burn 16.5 million HEI tokens. The proposal includes the destruction of 16.5 million HEI from the ecological allocation, which consists of 12.05 million locked HEI and 4.45 million unlocked but unused HEI tokens. This fund was initially reserved for Polkadot parachain auctions, but as Polkadot shifted from parachain auctions to Coretime sales, Heima stated that the required DOT costs can now be covered by the team's reserved DOT treasury. Additionally, the official announcement indicated that the burn will not occur immediately after the referendum concludes; it will be executed 288,000 blocks after the proposal passes. Based on block time, this is expected to take approximately 40 to 60 days from today.

Heima Community Votes to Burn 16.5 Million HEI Tokens

Market data shows that BTC has fallen below $61,000, currently priced at $60,996, with a 24-hour decline of 1.15%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Falls Below $61,000]Market data shows that BTC has fallen below $61,000, currently priced at $60,996, with a 24-hour decline of 1.15%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Falls Below $61,000

ctr Surges 13.06% in 24H, Currently at 0.014215 USDT

【ctr currently trades at 0.014215 USDT, up 13.06% in 24h, according to HTX market data.】ctr Surges 13.06% in 24H, Currently at 0.014215 USDT

ctr currently trades at 0.014215 USDT, up 13.06% in 24h, according to HTX market data.

On June 6, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), delivered a speech at the Fourth Member Representative Assembly of the China Securities Investment Fund Industry Association. Wu Qing stated that in recent years, algorithmic trading has become an important trading method in major capital markets worldwide, including China. In addition to well-known quantitative private equity, foreign capital, public funds, and other professional institutional investors, even some individual investors have adopted algorithmic trading to varying degrees. Considering that individual investors make up the majority in the national and market context, a series of regulatory rules and systems for algorithmic trading have been introduced, including the establishment of a trading reporting mechanism, strengthening targeted monitoring, strictly regulating abnormal trading behaviors, guiding a reduction in trading frequency and speed, and enhancing the management of trading business units. Based on this, we will conduct in-depth research and continuously improve the mechanisms for regulating algorithmic trading, emphasizing fairness and standardization, strengthening targeted supervision, effectively preventing the abuse of technological advantages, and resolutely combating illegal activities such as market manipulation and disruption of market order.

[Wu Qing: Continuously Improve Mechanisms for Regulating Algorithmic Trading]On June 6, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), delivered a speech at the Fourth Member Representative Assembly of the China Securities Investment Fund Industry Association. Wu Qing stated that in recent years, algorithmic trading has become an important trading method in major capital markets worldwide, including China. In addition to well-known quantitative private equity, foreign capital, public funds, and other professional institutional investors, even some individual investors have adopted algorithmic trading to varying degrees. Considering that individual investors make up the majority in the national and market context, a series of regulatory rules and systems for algorithmic trading have been introduced, including the establishment of a trading reporting mechanism, strengthening targeted monitoring, strictly regulating abnormal trading behaviors, guiding a reduction in trading frequency and speed, and enhancing the management of trading business units. Based on this, we will conduct in-depth research and continuously improve the mechanisms for regulating algorithmic trading, emphasizing fairness and standardization, strengthening targeted supervision, effectively preventing the abuse of technological advantages, and resolutely combating illegal activities such as market manipulation and disruption of market order.

Wu Qing: Continuously Improve Mechanisms for Regulating Algorithmic Trading

On June 6, following Futu, Tiger, and Changqiao, another cross-border brokerage announced the cleanup of its existing operations in mainland China. Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will make corresponding adjustments to the services for existing investor accounts in mainland China: first, for trading services in mainland China: the opening of new positions and adding to existing positions for all varieties, including stocks, will be suspended, and only selling and closing operations will be supported; second, for fund transfer services in mainland China: the transfer of funds and securities will be suspended, while the transfer out function will remain normal. The notice indicated that these adjustments are to comply with the industry regulatory requirements during the two-year concentrated rectification period, promoting the standardized development of cross-border securities business. It emphasized that this adjustment does not affect the provision of services to existing investors overseas, nor does it impact the safety of existing assets for all clients. Clients can still normally check their accounts, hold, and sell existing positions. This also means that, in addition to the three brokerages directly named by the China Securities Regulatory Commission on May 22, some small and medium-sized brokerages will also begin to rectify their existing illegal operations.

[After Futu, Tiger, and Changqiao, Huasheng Securities to Clean Up Mainland Operations]On June 6, following Futu, Tiger, and Changqiao, another cross-border brokerage announced the cleanup of its existing operations in mainland China. Huasheng Securities issued a notice to clients on the morning of June 6, stating that starting from June 15, Beijing time, it will make corresponding adjustments to the services for existing investor accounts in mainland China: first, for trading services in mainland China: the opening of new positions and adding to existing positions for all varieties, including stocks, will be suspended, and only selling and closing operations will be supported; second, for fund transfer services in mainland China: the transfer of funds and securities will be suspended, while the transfer out function will remain normal. The notice indicated that these adjustments are to comply with the industry regulatory requirements during the two-year concentrated rectification period, promoting the standardized development of cross-border securities business. It emphasized that this adjustment does not affect the provision of services to existing investors overseas, nor does it impact the safety of existing assets for all clients. Clients can still normally check their accounts, hold, and sell existing positions. This also means that, in addition to the three brokerages directly named by the China Securities Regulatory Commission on May 22, some small and medium-sized brokerages will also begin to rectify their existing illegal operations.

After Futu, Tiger, and Changqiao, Huasheng Securities to Clean Up Mainland Operations

On June 6, according to CoinGecko data, Ethereum's market cap fell to $182.8 billion, below USDT's $187 billion, and has now dropped to 3rd place in the cryptocurrency market cap rankings.

[Ethereum Market Cap Surpassed by USDT, Drops to 3rd Place in Cryptocurrency Rankings]On June 6, according to CoinGecko data, Ethereum's market cap fell to $182.8 billion, below USDT's $187 billion, and has now dropped to 3rd place in the cryptocurrency market cap rankings.

Ethereum Market Cap Surpassed by USDT, Drops to 3rd Place in Cryptocurrency Rankings

On June 6, the mayor of St. Petersburg, Beglov, stated that the city experienced a large-scale military drone attack that day, advising citizens to stay indoors and informing them that mobile networks might be disrupted. Leningrad Oblast Governor Drozdenko issued a drone danger alert at 3:59 AM and reported at 7:31 AM that 86 drones had been shot down over the region. (CCTV)

[Russia Claims Large-Scale Drone Attack on St. Petersburg]On June 6, the mayor of St. Petersburg, Beglov, stated that the city experienced a large-scale military drone attack that day, advising citizens to stay indoors and informing them that mobile networks might be disrupted. Leningrad Oblast Governor Drozdenko issued a drone danger alert at 3:59 AM and reported at 7:31 AM that 86 drones had been shot down over the region. (CCTV)

Russia Claims Large-Scale Drone Attack on St. Petersburg

On June 5, according to monitoring by Lookonchain, multiple whales are facing liquidation risk for approximately 343,075 ETH (about $547 million) in DeFi protocols. The main liquidation price distribution is as follows: 46,741 ETH (approximately $74.71 million) at a liquidation price of $1,565.72; 58,032 ETH (approximately $92.85 million) at a liquidation price of $1,555.04; 100,394 ETH (approximately $159 million) at a liquidation price of $1,426.31; and 137,908 ETH (approximately $220 million) at a liquidation price of $1,361.73.

[Statistics: Multiple Whales Face Liquidation Risk for 343,075 ETH Worth Approximately $547 Million]On June 5, according to monitoring by Lookonchain, multiple whales are facing liquidation risk for approximately 343,075 ETH (about $547 million) in DeFi protocols. The main liquidation price distribution is as follows: 46,741 ETH (approximately $74.71 million) at a liquidation price of $1,565.72; 58,032 ETH (approximately $92.85 million) at a liquidation price of $1,555.04; 100,394 ETH (approximately $159 million) at a liquidation price of $1,426.31; and 137,908 ETH (approximately $220 million) at a liquidation price of $1,361.73.

Statistics: Multiple Whales Face Liquidation Risk for 343,075 ETH Worth Approximately $547 Million

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Article

HTX breaks through 0.0000018 USDT

Statistics: Multiple Whales Face Liquidation Risk for 343,075 ETH Worth Approximately $547 Million

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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