In the past hour, total liquidations across the network reached $25.99 million, with $2.41 million from long positions, with $23.58 million from short positions. BTC liquidation $5.12 million, ETH liquidation $6.89 million.

According to market sources, Odaily reports that Tencent employees revealed WeChat Pay is testing AI payment capabilities with WorkBuddy, currently in early-stage internal testing. WeChat Pay's AI payment will set up an "AI-exclusive card" in WeChat Wallet, with spending depending on the user's top-up amount, giving users control over the scope of payment authorization.

According to Odaily Planet Daily, Moody's chief economist Mark Zandi points out that while US GDP has risen this year and the economy appears resilient, warning signs are already flashing. The Federal Reserve faces problems under its new chairman, Kevin Warsh, as it currently lacks the resources to implement policies that would boost the economy and support job growth, namely interest rate cuts. During the Iran-Iraq War, US inflation expectations surged. Zandi stated that if inflation expectations continue to rise, it could force the Fed to raise interest rates, even if this triggers a full-blown recession, as policymakers will prioritize controlling inflation. (Jinshi)

According to an official announcement, South Korean cryptocurrency exchange Upbit will list the BABY token on the Korean won market, with trading commencing at 20:00 local time on June 5th.

According to Huoxun Finance, Cypherpunk Technologies recently disclosed that as of May 13, 2026, the company held 314,185.70 ZEC tokens at an average purchase price of $337.86. Based on current prices, its total cost of holdings is approximately $106 million, with a current value of approximately $98.34 million, resulting in a paper loss of approximately $7.75 million. If calculated based on today's low of $251.43 USDT, the paper loss would have widened to approximately $27.2 million. Regarding this vulnerability, Cypherpunk tweeted that the vulnerability exists in all software, and that Bitcoin has mistakenly minted 184 billion tokens. The solution is not to deny the technology, but to strengthen it through formal verification and provable reliability, which is exactly what Zcash will be introducing in its next update.