News

On May 31, the Zcash Foundation announced the release of Zebra version 4.5.0. This version addresses multiple security vulnerabilities in the consensus mechanism and the network. All node operators are urged to upgrade immediately.

BlockBeats news, on May 31, according to Hyperinsight monitoring, HYPE's largest short seller, "Trader Loracle," has been reducing their short position for 9 hours, with each reduction ranging from $400,000 to $1.4 million. The short position is massive; so far, $7 million has been reduced, but the remaining short position is still valued at $108 million, with an unrealized loss of $34.6 million. Of the $27 million margin in the account, around $23 million is being used to maintain this position. In addition, 893,000 unstaked HYPE tokens were further transferred today to the trader's HyperEVM address, valued at approximately $59 million. There have been no further actions on the spot position so far. In the past month, this whale has unlocked a total of 1,115,000 HYPE tokens in two events, worth about $63.51 million. According to clearly traceable on-chain records, 557,000 HYPE tokens, valued at roughly $33.35 million, were sold on May 21. The market widely expects that Loracle may sell the newly unlocked 893,000 HYPE tokens on the spot market. In addition, this sale could coincide with a further reduction of short positions; if the short does not unwind synchronously with the spot sale, the $104 million HYPE short exposure will become a one-sided naked short. If a short squeeze and liquidation occur, potential losses could exceed $100 million, enough to wipe out all spot gains.

BlockBeats News, on May 31, according to market data, BNB surged above $700, currently quoted at $703.5, with a 24-hour increase of 10.2%. According to Coinglass data, in the past 24 hours, the net inflow of BNB contracts across the network reached $61.93 million, an increase of 770% in net inflow; the net inflow of BNB spot funds across the network was $15.23 million, an increase of 796% in net inflow.